![]() The firm has been an early investor in more than 900 technology and life sciences firms since its founding, including, America Online, Beyond Meat, Citrix, Compaq, Electronic Arts. In early 2016, the firm raised $1.4 billion in KP XVII and DGF III. In October 2010, the firm launched a $250 million fund called sFund to focus on social startups, with co-investors such as Facebook, Zynga and. It was reported in April 2008 that Kleiner Perkins was raising funds for a $500 million growth-stage clean-technology fund. In March 2008 Kleiner Perkins announced the iFund, a $100 million venture capital investment initiative that funds concepts related to the iPhone, and doubled that investment a year later. The firm raised US$600 million for its 18th fund, KP XVIII, in January 2019 The fund is focused on early stage investments in the "consumer, enterprise, hard tech and fintech" sectors. The firm announced its 19th fund on 31 January 2019 after raising $600 million. In September 2018, Kleiner Perkins announced it was spinning out its digital growth team into a new independent firm. In September 2015, Pao announced she would no longer appeal the jury verdict. ![]() Kleiner Perkins, which the firm has vigorously denied On 27 March 2015, after a month-long trial, the jury found against Pao on all claims. In May 2012, Ellen Pao, an employee, sued the firm for gender discrimination in Pao v. ![]() By 2019 it had raised around $9 billion in 19 venture capital funds and four growth funds. The firm was described by Dealbook in 2009 as "one of Silicon Valley's top venture capital providers", and The Wall Street Journal in 2010 called it one of the "largest and most established" venture capital firms. The New York Times has described Kleiner Perkins as "perhaps Silicon Valley's most famous venture firm". Mamoon Hamid from Social Capital and Ilya Fushman from Index Partners joined in 20 respectively, both as investing partners. Meeker departed in 2019 to found Bond Capital. Mary Meeker joined the firm in 2010, and that year Kleiner Perkins expanded its practice to invest in growth stage companies. Beyond the original founders, notable members of the firm have included individuals such as John Doerr, Vinod Khosla, and Bill Joy.Ĭolin Powell joined as a "strategic" partner in 2005, while Al Gore joined as partner in 2007 as part of a collaboration between Kleiner Perkins and Generation Investment Management. By 1996, Kleiner Perkins had funded around 260 companies a total of $880 million. Nevertheless, the firm was still active in this period. Venture capital firms suffered a temporary downturn in 1974, when the stock market crashed and investors were naturally wary of this new kind of investment fund. By the early 1970s, there were many semiconductor companies based in the Santa Clara Valley as well as early computer firms using their devices and programming and service companies. Located in Menlo Park, California, Kleiner Perkins had access to the growing technology industries in the area. Kleiner was a founder of Fairchild Semiconductor, and Perkins was an early Hewlett-Packard executive. The firm is named after its four founding partners: Eugene Kleiner, Tom Perkins, Frank J. The firm was formed in 1972 as Kleiner, Perkins, Caufield & Byers (KPCB) in Menlo Park, California, with a focus on seed, early-stage, and growth companies.
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