Mayfield fund raises dedicated $200 million China fund
Mayfield Fund has announced the closing of a $200 million fund, dedicated to investing in China. The fund, GSR Ventures II, was formed in partnership with GSR Ventures, a top-tier, China focused fund. The dedicated fund follows a two year affiliation between Mayfield and GSR, during which the firms made 11 direct investments in China.GSR Ventures II will target investments in the semiconductor, wireless and Internet media sectors and will have representative offices in Menlo Park and Beijing.
"Our new fund reflects our belief that continued direct investment along side a trusted partner will help us realize the untapped opportunity in the burgeoning Chinese technology sector," said Fong. "Over the last few years, we have worked closely with the GSR Ventures team and have been impressed by their business acumen and access to exciting entrepreneurs."
"We look forward to a deeper relationship with Mayfield Fund and know that our portfolio companies will benefit from the venture capital and sector expertise of their team," said Richard Lim of GSR Ventures. "Together, we are confident of building the next generation of global Chinese companies."
