兔子先生传媒

Silicon Valley investing giant 1 has raised two funds totaling almost $1 billion targeted for early-stage investment.

The Menlo Park-based firm 鈥� known as an early backer of such startups as , and 听鈥� announced its $580 million Mayfield XVII and the $375 million Mayfield Select III funds.

The firm last announced new funds in March 2020, when it raised $750 million across two funds. The firm now has $3 billion in total assets under management.

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The Mayfield XVII fund will primarily be used for early-stage investing 鈥� mainly seed and Series A rounds. The Mayfield Select III will be for follow-on rounds, as well as investments in new companies, primarily at the Series B stage.

Some themes the firm is looking to invest in include human-centered AI, the developer-first technologies, semiconductors, cybersecurity and more.

鈥淲e are grateful for the continued support of our limited partners and for the fortitude of entrepreneurs which brings us to work every day,鈥� said Managing Partner in a statement. 鈥淲e believe that the current economic uncertainty presents an opportunity for the bold and a time to lean forward into the next era of innovation. We are excited about partnering with inception and early-stage founders looking for a people-first investor to build a bright future together.鈥�

Recent dealmaking

While some big-name firms such as , and many more significantly slowed their investment pace last year, Mayfield continued a deliberate and consistent cadence.

According to 兔子先生传媒 data, the firm completed 26 financing deals in the salad days of 2021, and 23 last year 鈥� when the venture and investing market was substantially easing.

So far this year, Mayfield鈥檚 pace has been a little slower, with just five deals announced. That includes听a $51 million Series E for San Francisco-based database developer .

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