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Mayfield Fund Leads Three
Direct Investments in China Partners with China-Focused GSR
Ventures
October 4, 2005,
Menlo Park, CA -- Mayfield Fund today announced that it
had led investments in three China-based information
technology companies. The investments are the first
results of Mayfield’s strategic partnership with GSR
Ventures, a China focused, early-stage venture firm.
The new portfolio
companies are SMIT; a fabless semiconductor
manufacturer of
modules for digital televisions based in Shenzen;
Mobert,a manufacturer of semiconductors for mobile
applications based in Silicon Valley and Shanghai; and
Heiyou, an online matchmaking company based in Beijing.
The exact amounts of the investments were not disclosed.
“Our new investments bear the
hallmarks of China today – high growth,entrepreneurial
leadership and an attractive cost structure,” said Kevin
Fong, Mayfield Fund Managing Director. “Partnering with
GSR gives us an on-the-ground presence in China through
a team with deep China experience and a shared
investment philosophy.”
GSR Ventures is an early-stage
venture firm based in China and Silicon Valley. Its team
of world-class investment professionals consists of
entrepreneurs and founders of Chinese companies such as
AsiaInfo and Asia Wireless Media, and experienced
executives at large technology corporations such as
Lotus and Nortel. More information can be found at
www.gsrventures.com.
About Mayfield Fund
Mayfield Fund provides “venture
capital with impact” and shows leadership in early-stage venture
investing by partnering with exceptional
individuals to create
industry-leading companies. Mayfield has deep
domain expertise in consumer
Internet technology, communications/mobility and
enterprise software. Since Mayfield’s
founding in 1969, the firm has
invested in more than 460 high-growth,
technology companies, and taken
over 100 public. For more information,
please visit
www.mayfield.com
or
contact:
Kamini
Ramani,
kramani@mayfield.com
T:
1-415-806-9849
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