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VC firm Mayfield helps Basis Science raise $11.5m

6 Mar 2013

track-your-heart-rateVenture capital firm Mayfield Fund has led an $11.5m Series B funding round for Basis Science, which is developing a wrist-based health tracker and online personal dashboard.

The company’s existing investors DCM and Norwest Venture Partners also participated in the round.

Tim Chang, managing director at Mayfield, said, “Basis’ differentiated approach to health and wellness was what compelled the initial investment in the company, and it remains the case today.

“No other health tracking device has packed in as many sensors, including the ability to track heart rate from the wrist, as Basis has, or created a system like Basis’ healthy habits that keep wearers engaged over time.”

Basis also said that it has added healthy living expert Deepak Chopra and technology analyst Esther Dyson.

Headquartered in Menlo Park, California, Mayfield has assets under management of $2.7bn.

It is currently investing from Mayfield XIV, a $365m fund focused on venture investments in the US. It also has a $111m fund focused on arly-stage investments in India-based companies.

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