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Kleiner Perkins, the prominent US venture firm, announced on Tuesday that it has raised $3.5 billion in new capital across two funds, a significant increase in capital for the company. 2 billion dollars Fundraising less than two years ago.
The company, founded in 1972, says it has raised $1 billion for its 22nd early-stage venture fund, and $2.5 billion for a separate vehicle designed to fund late-stage growth businesses.
The much larger amount of capital is not surprising. Over the past few years, Kleiner Perkins has been able to take early stakes in a number of fast-growing AI startups, including Together AI, Harvey, and OpenEvidence. The company is also an investor in Anthropic and SpaceX, two companies expected to go public this year.
And while exits are few and far between, so is Kleiner Perkins It achieved great returns From last year’s IPO of Figma, a design software company that raised a $25 million Series B in 2018. It is said that he recorded A decent return when Google acquired Windsurf into its portfolio last summer.
A firm known for its legendary early bets on Amazon and Google, Kleiner Perkins now operates with a small team of just five partners. The company has seen some leadership changes recently: Ev Randle has left rival Benchmark, while Annie Case has moved from partner to an advisory role, a Kleiner Perkins spokesperson confirmed.
Kleiner Perkins joins a wave of huge raises from other venture capital firms. Thrive Capital was recently secured 10 billion dollars In new commitments, while General Catalyst is It is said that targeting similar amount. Meanwhile, A SEC filing Confirms TechCrunch earlier Founders Fund has reportedly closed $6 billion on its fourth growth vehicle.