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Kleiner Perkins Pulls in More Than $2 Billion for New Funds

Venture capital firm Kleiner Perkins has raised more than $2 billion in new cash for two new funds. The Menlo Park, California-based firm has raised $825 million for a new fund targeting young startups, and $1.2 billion for a later-stage fund. Kleiner Perkins plans to invest in startups focusing on a range of industries, including consumer-facing firms, digital health-care companies, fintech and hard tech, meaning ventures working on physical products like semiconductors or robots. In each categ...

Read more at bloomberg.com

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