Waze Sale Would Give Boost to Kleiner Perkins; BlueRun Positioned for Biggest ROI

Kleiner Perkins Caufield & Byers, which has been taking heat in the press of late, could get a lift if Facebook acquires mobile navigation app maker Waze, as is being reported today.

Israeli business publication Calcalist reports that Facebook is in advanced talks to buy Waze for $800 million to $1 billion.

Waze has raised $67 million since its founding in 2009 from BlueRun Ventures, Kleiner Perkins, Magma Venture Partners, Qualcomm Ventures, Vertex Israel II Management Ltd., and Horizons Ventures, according to Thomson Reuters (publisher of peHUB).

BlueRun stands to get the biggest return if Waze is acquired. It financed the company’s Series A round and led its Series B through its BlueRun Ventures III fund.

Here are the details on the company’s funding rounds, via Thomson Reuters:

• BlueRun and an undisclosed firm provided $8.25 million in Series A funding for in April 2009. The firms then did a $3.75 million Series A follow-on in January 2010.

• In December 2010, BlueRun led a $25 million Series B round, investing once again from its third fund. It was joined by Magma Venture Partners, Qualcomm Ventures and Vertex Israel II Management.

• Kleiner joined with Hong Kong-based Horizons Ventures (an early investor in Facebook and Spotify) to invest $30 million in what was presumably a Series C round in October 2011. KP provided the funding via its iFund and KPCB Digital Growth Fund. As part of the funding, Kleiner Partner Mary Meeker became a strategic advisor and board observer for Waze.

Image credit: Mary Meeker photographed by Liang Wu. Photo courtesy of Wikimedia Commons