# Marshfield Associates: portfolio, investments and team > Marshfield Associates is an investment firm based in United States. 2 investments on record, latest Nov 2009. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/marshfield-associates (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Marshfield Associates Last cheque observed Nov 2009. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet Investment firm Series B Venture Business Information Systems VoIP Consulting Cheques on record **0%** of best year **0** **cheques in 12 months**, 2 on record Since the last cheque **6180** days **00** hrs **00** min **00** sec Median round **$1.0M** Rounds led **0 of 2** Exits **1 from the portfolio** Pitch Marshfield Associates ## Marshfield Associates highlights - 01 2 rounds on record - 02 Mostly Series B and Venture: 100% of its rounds - 03 1 exits from the portfolio ## What they do - **Type:** Investment firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Business Information Systems VoIP Consulting - **Based in:** Washington, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **2 appearances** - **2009** 1 round - **Nov** **[Biosystem Development](https://millionrounds.com/company/biosystem-development)** Venture · US · freshnews.com **$1.4M** With 4 others - **2007** 1 round - **Nov** **[Biosystem Development](https://millionrounds.com/company/biosystem-development)** Series B · US · wistechnology.com **$600K** With 3 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **8 named** BE **Brian Edward Walker** General Counsel and Chief Compliance Officer i Form ADV CS **Carolyn Sue Miller** Principal i Form ADV CA **Chad Andrew Goldberg** Principal i Form ADV CM **Christopher Martin Niemczewski** Principal i Form ADV EJ **Elise Jordan Hoffmann** Principal i Form ADV JG **Judith Golden Becker** Principal i Form ADV MV **Melissa Vinick** Principal i Form ADV WG **William Gilmore Stott** Principal i Form ADV We also hold **32** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$8.1B** assets it manages Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** Marshfield Associates, Inc. - **SEC number:** CRD 150614 ## Exits from the portfolio Companies it backed that were later bought or listed **1 in all** **[Biosystem Development](https://millionrounds.com/company/biosystem-development)** Bought by [Agilent Technologies](https://millionrounds.com/fund/agilent-technologies) **Undisclosed** Dec 2011 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Series B Venture Median round joined **$1.0M** the round, not its cheque Led 0 of 2 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Nov 2009 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Series B *1* - Venture *1* Cheques by year Led Joined 2007 2009 Often in the room with - [Silicon Pastures](https://millionrounds.com/fund/silicon-pastures-llc) 2 **Pitching Marshfield Associates?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Marshfield Associates. A count of rooms they were both in, not a relationship either has claimed. [**Silicon Pastures** Angel network **2** rounds together](https://millionrounds.com/fund/silicon-pastures-llc) ## Quick answers about Marshfield Associates ### What does Marshfield Associates invest in? Marshfield Associates invests most often at Series B and Venture (100% of the rounds on record), in sectors such as Business Information Systems, VoIP and Consulting. ### How active is Marshfield Associates? 2 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2009. ### How big are Marshfield Associates's cheques? The median round it joins is $1.0M. ### Is Marshfield Associates investing now? No investments in the last 12 months; the latest was in Nov 2009. ### Who does Marshfield Associates invest alongside? Most often Silicon Pastures (2 rounds together). ### What kind of investor is Marshfield Associates? Marshfield Associates is an investment firm based in Washington, United States. ### How much does Marshfield Associates manage? About $8.1B, as regulatory assets under management (Oct 2026). ### When was Marshfield Associates founded? Marshfield Associates was founded in 1989. ## Raising now? 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