Kleiner Perkins Caufield & Byers has closed its thirteenth traditional venture capital fund with $700 million in committed capital.
Kleiner Perkins Caufield & Byers (KPCB), the
Separately, the firm announced the opening of its $500 million Green Growth Fund (issued simultaneously, see: “Kleiner Perkins Caufield & Byers Launches Green Growth Fund”), which intends to help speed mass market adoption of solutions to the world's climate crisis. KPCB XIII will mainly back early-stage entrepreneurs, while the Green Growth Fund will support companies that have already entered their growth phase. The greentech coverage of KPCB XIII and the Green Growth Fund will extend the firms' existing collaboration with London-based Generation Investment Management. Through their alliance, the firms actively work together to find, fund and accelerate green solutions with the greatest potential to help solve the climate crisis.
“Disruptive innovation is essential to solving today's crucial challenges in energy, healthcare and communications, and we're seeing compelling ventures across greentech, life sciences and information technology, especially with the launch of our iFund,” said KPCB partner John Doerr. “For 35 years, we've viewed entrepreneurs as the catalysts for tremendous opportunities in society and business, and we look forward to continuing to work with them to bring their breakthroughs to market.”
KPCB XIII partners include KPCB XII partners Brook Byers, John Denniston, John Doerr, Juliet Flint, Bill Joy, Randy Komisar, Joe Lacob,
“Innovation continues to thrive, and we are privileged to help build the outstanding companies at the forefront of change,” said Brook Byers. “The entrepreneurs we work with are driving the dramatic improvements in healthcare and life sciences that we so critically need worldwide.”
About Kleiner Perkins Caufield & Byers
Since its founding in 1972, Kleiner Perkins Caufield & Byers has backed entrepreneurs in over 500 ventures, including AOL, Amazon.com, Citrix, Compaq Computer, Electronic Arts, Genentech, Genomic Health, Google, Intuit, Juniper Networks, Netscape, Lotus, Sun Microsystems, Symantec, Verisign and Xilinx. KPCB portfolio companies employ more than 250,000 people. More than 150 of the firm's portfolio companies have gone public. Many other ventures have achieved success through mergers and acquisitions.
Burson-Marsteller for KPCB Jennifer Graham, 415-591-4016 Jennifer.firstname.lastname@example.org