Kleiner Perkins Closes Two Funds, at $1.8 Billion

Kleiner Perkins

Kleiner Perkins, a Silicon Valley-based venture capital firm, closed two funds, at $1.8 billion.

In particular, they closed:

  • its twentieth venture fund, KP 20, an $800m fund to back early stage companies, and
  • its second select fund, KP Select II, a $1 billion fund to back high inflection investments.

Over the past five decades, KP has backed over 1,000 companies, including the likes of Google, Amazon and Genentech. These companies have created 1.5+ million jobs and generated $4.5 trillion in enterprise value.

With KP 20 and KP Select II, the firm announced the promotions of Annie Case and Josh Coyne to partner:

  • Case joined the firm in 2018 as an investor and has become recognized as an expert on consumer technology and digital health. She serves on the boards of Emile, Future, Inkitt, MedArrive, Modern Health, and a few companies in stealth.
  • Coyne joined us in 2017 as an investor. He invests in software that helps automate or transform business processes that seem broken or antiquated with investments like Secureframe, Stord, Moveworks, and Synthesia.

With these new funds and team, KP will continue to invest in Consumer, Enterprise, Fintech, Digital Health and Hardtech companies and will increase efforts when it comes to crypto and decentralized technologies.

Read more about the announcement here