Kleiner Perkins Launches $700 Million Fund XIX

By Amit Chowdhry • Mar 6, 2020

Kleiner, Perkins, Caufield & Byers announced it closed $700 million for Fund XIX. Kleiner Perkins plans to use KP19 (the firm’s 19th fund) to invest in early-stage companies in the consumer, enterprise, and financial technology, and healthcare sectors.

According to Crunchbase, around 35% of the KP18 investments were seed series, 53% were Series A rounds, and 12% were Series B. Enterprise startups were 43% of KP18’s investments. And deep tech was 24% of KP18’s investments. KP19 will be about the same.

“It’s the same team, with the same strategy, investing in the same sectors at the earliest stages,” said Kleiner Perkins in a statement.

Kleiner Perkins also announced that Annie Case, Monica Desai Weiss, and Josh Coyne were promoted to principals at the venture firm.

Case is going to focus on consumer and health care. Weiss will oversee investments in the financial technology and consumer sectors. And Coyne will handle enterprise and fintech.

Here is a slide deck that Kleiner Perkins shared about the new fund: