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Venture-capital firm Kleiner Perkins Caufield & Byers has closed two new funds at a combined $1.4 billion.
The firm will invest out of separate funds for early- and late-stage investments, in keeping with its longstanding practice. The new funds include KPCB XVII, a $400 million fund for early-stage investments, and a $1 billion Digital Growth Fund for later-stage deals.
The two funds mark the first in a new leadership era for the 44-year-old venture-capital firm. John Doerr, the firm’s longtime frontman who made early bets on Google Inc. and Amazon.com Inc., shifted from his managerial role to that of firm chairman. Read more…
Source: The Wall Street Journal