Mayfield, a Menlo Park, Calif.-based venture capital firm, closed on $750 million in new capital across two venture capital funds.

The new funds, which brought the firm’s current assets under management to over $2.5 billion, include:– the $475 million Mayfield XVI, and– the $275 million Mayfield Select II.

Mayfield XVI will continue the firm’s early-stage focus, primarily investing in companies at the ideation or early product stage.

Mayfield Select II follows the strategy of Mayfield Select I, to invest in later-stage rounds of Mayfield breakout portfolio companies.

Mayfield invests primarily in early-stage consumer, enterprise and engineering biology companies. | To read full story, visit https://startuparound.com/read/1585162811.4697552/Mayfield-Raises-$750M-Across-Two-New-Venture-Capital-Funds?ref=audio_experience