Kleiner Perkins creates $700M new fund, plus $500M for green investments
Kleiner Perkins, the respected Silicon Valley venture capital firm, said it has finished raising its thirteenth fund (called KPCB XIII) for early-stage companies, totaling $700 million.
Separately, the firm announced the creation of a $500 million “Green Growth Fund,” which will be invested in somewhat more mature, green-focused companies. It said a new partner, Ben Kortlang, will join existing partner John Denniston to co-manage that effort.
Kortlang (pictured left) previously co-directed alternative energy investments at Goldman… Continue Reading