Menlo Park, Calif. – Mayfield Fund, the Silicon Valley venture capital firm focused on early-stage IT companies, said on Thursday it has closed a new $365 million fund.

Known as Mayfield XIV, the fund will continue the firm’s strategy of investing in burgeoning companies in spaces such as mobile, cloud/SaaS, social, energytech and big data.

“Mayfield XIV is our third consecutive sub-$400 million fund,” said Navin Chaddha, who will lead the fund. “Despite being oversubscribed, we felt that keeping it to $365 million made sense for our early-stage investing focus.”

Mayfield active portfolio includes companies such as Appcelerator, Branchout, Couchbase, Gigya, Marketo, Solarcity and StorSimple.

This article was also published in Potomac Tech Wire.

Related links:

Mayfield Fund –

Mayfield Fund – press release [PDF]

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