M12 founding member and principal Priya Saiprasad has departed to boost venture capital firm Mayfield Fund's business-to-business investment activities.
Priya Saiprasad has left her position as principal at M12, the corporate venturing arm of US-based software producer Microsoft, for a venture investor role at venture capital firm Mayfield Fund.
Saiprasad was a founding member of M12 in September 2016 and oversaw investments in business-to-business software providers. She was involved in funding rounds for Workboard, Go1 and Skedulo most recently. Her departure follows that of Elliott Robinson, a former partner at M12, last month.
Mayfield Fund focuses on early and growth-stage developers of consumer and enterprise technologies. It co-invested with M12 in customer engagement software developer Outreach’s series C, D and E rounds.
Her role at Mayfield will involve Saiprasad concentrating on investments in artificial intelligence and analytics-focused enterprise technology providers.
Saiprasad said: “I was lucky to kick off my investing career at M12 and also find great mentors who guided my first phase as an investor.
“Mayfield is a firm with a storied history that walks the talk of being people first. I found that their team respects independent thinking and genuinely wants to mentor the next generation.”
Photo of Priya Saiprasad courtesy of Mayfield Fund.
