Mayfield

Baidu, VC-backed travel website Qunar files for $125m IPO

Qunar, a Chinese travel website majority-owned by internet search giant Baidu, is looking to raise up to $125 million through an IPO in the US. GSR Ventures and GGV Capital still hold minority positions in the company but it is unclear whether they plan...

Canaan, Mayfield invest $7m in Indiaproperty.com

Canaan Partners and Mayfield Fund have invested $7 million in Indian real estate website Indiaproperty.com. The capital was committed last year but came through after website promoter India Property Online de-merged from Matrimony.com (formerly Consim...

Mayfield launches second India fund

Mayfield has launched its second India fund, according to a US regulatory filing. No details were given on the target size. The GP closed its first India-focused vehicle in 2008 on $115 million, with a remit to invest in the consumer, infrastructure and...

IFC to provide $25m to General Atlantic-backed Fourcee

International Finance Corporation (IFC), the private investment arm of the World Bank, will provide a loan of $25 million to Fourcee Infrastructure Equipments, an Indian logistics firm backed by General Atlantic (GA) and India Equity Partners.

Mayfield backs Indian Incubator AngelPrime

Mayfield Fund will take a majority interest in AngelPrime, a Bangalore-based incubator. The investment will be used to support operations as well as seed capital for companies that AngelPrime plans to incubate over the next three years.

Mayfield fund completes its exit from Fourcee

Mayfield India Fund has completed its exit from Fourcee Infrastructure Equipment, coming as General Atlantic (GA) invested up to $125 million as part of a third round of funding for the logistics company.

Tim Chang leaves Norwest for Mayfield

Mayfield Fund has recruited Norwest Venture Partners’ Tim Chang as managing director. He will become the private equity firm’s sixth current investing managing director and take charge of the investment practice in China.

Baidu takes off with Qunar

The ample potential of China's online travel industry was reiterated last week when internet search giant Baidu agreed to pay $306 million for majority ownership of venture capital-backed booking site Qunar. It follows the likes of Alibaba and Tencent...

Mayfield leads Series B round into ShineOn

LED-focused tech firm ShineOn Holding Incorporation has received a Series B funding from a group of top China-focused VCs including the Mayfield Fund, GSR Ventures, Northern Light Ventures and IDG-Accel Capital. The size of the investment was not disclosed,...

GSR's Fong made HYSTA Investor of the Year

Kevin Fong, US-based Special Advisor for China/US VC investor GSR Ventures and former Mayfield Fund MD, has been named the inaugural "Investor of the Year" by the Hua Yuan Science and Technology Association (HYSTA), a leading Chinese American VC and entrepreneur...