Kleiner Perkins Caufield & Byers (KPCB) doubled its iFund to $200m of venture capital for applications for Apple’s iPhone OS family of products, including iPhone, iPod touch, and iPad.
Kleiner Perkins Caufield & Byers Doubles iFund to $200M
Established in 2008, the $100m original fund is fully committed across 14 companies, which have been supported by an additional $330m from follow-on investors. Backed ventures include, among the others, Booyah, Cooliris, GOGII, iControl, InMobi, ngmoco, Pelago, Pinger, Shazam, Shopkick, and Zynga mobile.
According to KPCB, these companies have more than 20 applications in development for the new iPad, which will lead the next wave of innovation in mobile computing.
The new funds are aimed to back entrepreneurs and build companies that focus on iPad’s areas of interest including entertainment, communication, social networking, commerce, health care, and education.
The iFund is led by KPCB partner Matt Murphy with significant involvement from partners Chi-Hua Chien, John Doerr, Bing Gordon, Randy Komisar, Aileen Lee, Ellen Pao, and Ted Schlein.