Instead of $1.3 Billion as we reported, the firm plans to raise $1.4 billion as follows:
– $1 billion for a growth fund, called KPCB Digital Growth Fund III, LLC, led by Noah Knauf (newly added), Mary Meeker, Mood Rowghani and Theodore Schlein; and a
– $400m for an early stage fund, called Kleiner Perkins Caufield & Byers XVII, LLC, led by Michael Abbott, Eric Feng, Wen Hsieh, Beth Seidenberg and Theodore Schlein.
According to the forms filed with the SEC, Kleiner Perkins Caufield & Byers has not raised funds yet.
Operating from offices in Menlo Park, San Francisco, Shanghai and Beijing, Kleiner Perkins Caufield & Byers (KPCB) has backed and helped build category defining companies like Amazon, Electronic Arts, Genentech, Google, Nest, Netscape and Twitter via capital, years of operating experience in recruiting, product design and delivery, business development, strategic partnerships and brand building.
The firm invests in all stages from seed and incubation to growth companies.