KPCB closes $525 million fund
Kleiner Perkins Caufield & Byers (KPCB) has successfully closed the KPCB 15, a $525 million venture capital fund focusing on investments in early-stage digital consumer and enterprise, green tech and life sciences companies.
The fund will be led by 10 managing members, including: Mike Abbott, Chi-Hua Chien, Amol Deshpande, John Doerr, Bing Gordon, Wen Hsieh, Randy Komisar, Matt Murphy, Beth Seidenberg and Ted Schlein.
"Portfolio companies in KPCB 15 will benefit from the firm's holistic approach to company building that we pioneered more than a decade ago," said Schlein, partner at KPCB. "We will identify promising early-stage companies in our areas of focus and bring value-added resources in key areas to help early-stage companies grow and succeed. This includes applying our considerable industry, operational and financial expertise and network of relationships to help entrepreneurs build lasting enterprises."
By providing portfolio companies support in recruitment and talent management, building strategic relationships, as well as expertise in operations, marketing and communications, KPCB furthers the growth and success of its portfolio companies. Portfolio companies will also benefit from recently added hires to the partnership that bring expertise in mobile, social and cloud, including Mary Meeker, Abbott and Gordon.
KPCB's recent early-stage investments include Zynga, RPX, Flipboard, One Kings Lane, Path, Puppet Labs, Nebula, Nest, Aquion Energy, Auxogyn and Foundation Medicine, in addition to many others across its focus areas of digital, green tech and life sciences.