Mayfield Begins Raising New Indian Fund

Mayfield Fund has begun raising a second Indian fund, according to a filing with the Securities and Exchange Commission. The filing does not give a target size for the new fund, Mayfield India II, but says no capital has yet been committed.

BOKU President & Co-Founder Accepts EIR position

After four years at BOKU, Ron Hirson, co-founder and president, has accepted the opportunity to be an Entrepreneur in Residence at two venture firms, Khosla Ventures and Mayfield Fund. During his tenure at BOKU, Hirson ran multiple executive functions ranging from marketing to business development, and helped build the original BOKU product.

Fab Takes on a New Investor

Fab is taking on The Times of India Group and its Times Internet arm as its latest investor, raising what the company only called a “7-figure investment” in the company. Other specifics were not publicized; Satyan Gajwani, CEO of Times Internet Group fostered the deal. Fab has raised more than $150 million since its 2011 inception. Other backers include Andreessen Horowitz, Baroda Ventures and Mayfield Fund.

SolarCity Shares Shine in Debut

Shares of SolarCity Corp jumped more than 50 percent during their market debut on Thursday, approaching the valuation the solar power company had sought before it was forced to slash its IPO price.

CloudVelocity Inks $5m Series A from Mayfield

CloudVelocity has closed $5 million in Series A funding from Mayfield Fund. CloudVelocity is a privately held company developing a hybrid cloud automation software suite, formerly known in stealth mode as Denali Systems.

Poshmark Raises $12M From Menlo, Mayfield, Inventus & SoftTech

Poshmark said it raised $12 million in a Series B financing led by Menlo Ventures and joined by existing investors Mayfield Fund, Inventus Capital, SoftTechVC, and SV Angel. The new round brings the company’s funding to $15.5 million. Poshmark will use the capital to support its online community, expand to new platforms and make new hires.

ServiceMax Inks $27 Million New Funding

ServiceMax, a provider of cloud-based, mobile and social field service applications has secured $27 million series D investment led by Crosslink Capital. Also participating in the round were Emergence Capital Partners, Mayfield Fund and Trinity Ventures. ServiceMax has raised $52 million to date.

Fab’s Series C is Atomic

Technology investment firm Atomico has led Fab’s $105 million Series C financing. Also participating in the round are Pinnacle Ventures, ru-Net Technology Partners, Mayfield Fund and DoCoMo Capital, and several existing investors, including Andreessen Horowitz, Menlo Ventures, Baroda Ventures and First Round Capital. Atomico partner Geoffrey Prentice will join Fab’s board of directors. PRESS RELEASE […]

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