Mayfield (company)
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 1969 |
| Founder | Thomas J. Davis, Jr., Wally Davis |
| Headquarters | Menlo Park, California , United States |
Key people | Navin Chaddha (managing partner) |
| Products | Venture capital investments in enterprise and consumer technology companies |
| Website | mayfield |
Mayfield, also referred to as Mayfield Fund, is a venture capital firm located in the United States that focuses on investments in enterprise and consumer technology companies, ranging from early-stage to growth-stage. Established in 1969, its main office is situated in Menlo Park, California.
History
The venture capital firm Mayfield was established in 1969 by Thomas J. Davis, Jr. and Wally Davis (unrelated). Prior to founding Mayfield, Thomas Davis Jr. co-founded Davis & Rock alongside Arthur Rock, with backing from the founders of Fairchild Semiconductor. Among the early supporters was William F. Miller, a former Stanford University vice president and provost.
During 2009 and 2010, Mayfield provided full funding for the Series C and D financing rounds of marketing automation company Marketo, which culminated in a successful IPO in 2013. In 2011, the firm invested in field SaaS company ServiceMax and took part in the Series A round of Zimride, which later evolved into the ride-hailing platform Lyft. That same year, Navin Chaddha was appointed as managing partner.
In 2012, Mayfield contributed $12 million to advertising technology startup Moat, which was subsequently acquired by Oracle Corporation in 2017. The firm also benefited from its stake in solar energy provider SolarCity when it went public that year.
Mayfield moved its offices to its current location on Sand Hill Road in Menlo Park, Silicon Valley, in 2013. By April 2016, it had closed two investment funds amounting to $525 million: Mayfield XV for early-stage ventures and Mayfield Select for later-stage opportunities.
In June 2019, Mayfield participated in a $200 million financing round for data center management company Fungible. In 2022, managing partner Navin Chaddha was ranked fifth on the Midas List of leading venture capitalists.
The firm maintains its headquarters on Sand Hill Road in Menlo Park.
Philanthropy
Mayfield supports the Mayfield Fellows Program at Stanford University, which offers students comprehensive training and practical experience focused on entrepreneurship within the high-technology sector.