Thursday, October 20, 2005

China Venture News - "Technology, Venture Capital and Entrepreneurship" - Mayfield Fund Invests in Chinese Online Dating Service

After only two months of closing their new $375-million fund slated for investments in emerging-growth technology companies, the Silicon Valley based Mayfield Fund summarily completed its last investments from its initial $1-billion fund raised in 2000, which included banking on a popular Chinese online dating service, Heiyou.

These latest investments—tapped from Mayfield’s Fund XI—are the firm’s first with partner GSR Ventures, a China-based venture capital firm focused on early-stage Chinese technology companies.

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