- Menlo Park, California-based venture capital firm Greylock Partners has raised $1 billion for its sixteenth fund
Greylock Partners, a Menlo Park, California-based venture capital firm known for making early investments in Facebook, LinkedIn, Airbnb, and Sumo Logic, has raised $1 billion for its sixteenth fund.
Those early investments clearly paid off as Facebook is now a public company valued at over $730 billion and LinkedIn went public before it was later acquired by Microsoft for over $26 billion. Sumo Logic is going public today and Airbnb’s IPO is scheduled for this year.
Greylock is also an investor in TikTok parent company Bytedance. Bytedance had acquired a company called Musical.ly in which Greylock was an investor.
This new fund will continue to focus on seed, Series A, and some growth-stage. And it will also focus more on enterprise-focused and consumer-facing startups.
Even in the midst of the pandemic, Greylock has been aggressively making deals.
“Financings are in full swing,” said Greylock partner Asheem Chandna in an interview with Bloomberg. “In many cases, we’re making investments with people where we’ve never met them in person.”
The partners at Greylock Partners also include Reid Hoffman, Jerry Chen, Sarah Guo, Josh McFarland, Saam Motamedi, Sridhar Ramaswamy, David Sze, David Thacker, and David Wadhwani.
