That was fast.
Just one week after disclosing that it was raising $1.2 billion for two new funds, longstanding venture capital firm Kleiner Perkins Caufield & Byers has finished that work, Fortune’s Dan Primack reported today.
The first fund, totaling $450 million, is for early-stage deals. The remaining $750 million is for the firm’s new digital growth fund.
The funds were oversubscribed and have not been formally closed, Fortune reported.