Kleiner Perkins Plans To Raise Over $1 Billion For Tech Company Investments
Amit Chowdhry | Wednesday October 27, 2010 | 1,356 views| Add a Comment
Kleiner Perkins Caufield & Byers is planning to raise $1.4 billion for a couple of new funds. Of that amount, $200 million will go towards the sFund. The two funds are listed below:
KPCB XIV – The fourteenth general fund will have $650 million and will be going towards IT, green-tech, and life science companies. The IT component of this fund includes the $200 million sFund investments. The sFund will also have $50 million contributions from strategic partners.
KPCB Digital Growth Fund – This fund will have $750 million for investments. This fund will be used for later-stage IT investments.
The sFund will be used to fund start-ups that are involved in the social space sector. Zynga, Facebook, and Amazon.com will be co-investors in the sFund.
[Fortune]
Related posts:
- Kleiner Perkins Ups Apple Development Fund (iFund) To $200 Million
- Accel, Kleiner Perkins, and DAG Invest $20 Million Into Booyah
- V-Vehicle Raises $62.25 Million From Google Ventures and Kleiner Perkins
- Shazam Raising Additional Funds From Kleiner Perkins iFund
- A8.com Plans To Raise HKD 217 Million With IPO In Hong Kong