Venture Capital
Where Greylock has been placing its seed-stage bets
October 4, 2021
Last month, Greylock Partners announced that it had raised $500 million for seed startups. That represents a new record for the largest pool of capital dedicated to this stage of development raised by a venture firm, according to PitchBook data.
Greylock, based in Menlo Park, Calif., has historically focused on Series A and Series B deals, but backing seed-stage startups has become an increasingly important strategy for the firm. In announcing the new fund, Greylock said that it has made more seed investments in recent years than ever before and that these bets will make up nearly 70% of its new deals this year.
The firm plans to write checks ranging from $2 million to $20 million. PitchBook's review of Greylock’s recent deal activity reveals that the firm's median seed deal size was $3.5 million.
Here is a visual breakdown of Greylock’s known seed deal activity since 2019. The firm’s total seed deal activity may be undercounted since these investments often go unannounced for some time.
Greylock, based in Menlo Park, Calif., has historically focused on Series A and Series B deals, but backing seed-stage startups has become an increasingly important strategy for the firm. In announcing the new fund, Greylock said that it has made more seed investments in recent years than ever before and that these bets will make up nearly 70% of its new deals this year.
The firm plans to write checks ranging from $2 million to $20 million. PitchBook's review of Greylock’s recent deal activity reveals that the firm's median seed deal size was $3.5 million.
Here is a visual breakdown of Greylock’s known seed deal activity since 2019. The firm’s total seed deal activity may be undercounted since these investments often go unannounced for some time.
Click on the image below to see an interactive chart. 
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