Mary Meeker, a venture capitalist known for being #6 in the Forbes Mida List in 2018 and the author of the annual Internet Trends report, is to launch a new growth venture capital firm.
The new firm, called Bond, intends to raise $1.25 billion for its maiden fund on a $1.5 billion hard cap.
In September 2018, Kleiner Perkins – one of the oldest Silicon Valley venture capital entities, announced it was spinning out its growth team into an independent firm to continue to focus on investing in later-stage, high growth internet companies.
Led by Meeker, the new team also includes general partners Mood Rowghani, Noah Knauf, and Juliet de Baubigny.
As a partner of the digital growth equity team at Kleiner Perkins Caufield & Byers, Meeker invested in Chinese commerce site JD.com, Square, Facebook, Airbnb and Houzz, as well as LegalZoom, Twitter, Instacart, Slack and Intercom. Each spring, she has released the Internet Trends report, which highlights the main tech trends globally via chart- and data-driven slides. In 2018, two of her portfolio companies, Spotify and DocuSign, filed to go public.