
Mayfield Fund
Description
Mayfield Fund is a distinguished early-stage venture capital firm, founded in 1969, making it one of the longest-standing VC firms in Silicon Valley. With a rich history spanning over five decades, Mayfield has consistently focused on partnering with entrepreneurs from the earliest stages, often at the seed or Series A rounds. The firm's investment thesis centers on 'People-First Investing,' emphasizing the importance of visionary founders and strong teams. Mayfield's portfolio reflects a strategic focus on transformative technologies across several key sectors, including enterprise software, deep technology, and increasingly, companies addressing human and planetary health challenges.
Over its extensive history, Mayfield has raised numerous funds, demonstrating sustained commitment to early-stage innovation. For instance, in 2022, the firm announced Mayfield XVII, a $525 million fund, alongside Mayfield Select II, a $150 million fund, bringing their total capital raised to over $7 billion across all funds. This substantial capital base allows Mayfield to provide significant support to its portfolio companies, not just through initial funding but also through follow-on rounds as they scale. The firm prides itself on its hands-on approach, leveraging its deep network and operational expertise to help founders navigate critical growth phases.
Mayfield's investment strategy is characterized by its commitment to backing disruptive ideas that have the potential to create new markets or redefine existing ones. Their portfolio includes notable successes across various technology cycles, from foundational enterprise software to cutting-edge AI and biotech solutions. The firm typically leads or co-leads early-stage rounds, providing capital and strategic guidance to help companies achieve product-market fit and accelerate their growth trajectories. Their long-term perspective and focus on foundational technologies underscore their role as a significant player in the early-stage venture ecosystem.
Investor Profile
Mayfield Fund has backed more than 698 startups, with 25 new investments in the last 12 months alone. The firm has led 215 rounds, about 31% of its total and boasts 195 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series B, Series A, Series C rounds (top funding stages).
- Majority of deals are located in United States, India, China.
- Strong thematic focus on Software, Enterprise Software, Internet.
- Led 15 rounds in the past year.
- Typical check size: $1M – $15M.
Stage Focus
- Series B (24%)
- Series A (24%)
- Series C (16%)
- Series Unknown (13%)
- Seed (9%)
- Series D (6%)
- Series E (3%)
- Series F (1%)
- Undisclosed (1%)
- Pre Seed (1%)
Country Focus
- United States (85%)
- India (10%)
- China (2%)
- United Kingdom (2%)
Industry Focus
- Software
- Enterprise Software
- Internet
- Information Technology
- Saas
- E-commerce
- Artificial Intelligence (Ai)
- Manufacturing
- Mobile
- Health Care
Frequently Asked Questions
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