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Greylock Partners announced today that it has closed its fifteenth fund. With a total capital commitment of $1 billion, the VC firm will focus on early-stage investments.

The focus on early-stage startups won’t limit the industries in which Greylock is planning to invest, however. Among the list of potential beneficiaries of the funding: “Consumer businesses that network people together,” “enterprise-focused products and platforms that increase productivity,” and “emerging technologies like messaging, virtual reality, machine learning, and robotics,” Greylock Partners said in a blog post.

“Every day, we are amazed at the company builders who are bold and determined enough to chart their own paths. We are deeply grateful to the founders who invite us to share their journey, and it’s our privilege to work with them,” the post continued.

The Menlo Park-based firm now has at least $3.5 billion under its management. Greylock’s portfolio includes Facebook, Airbnb, GoFundMe, Dropbox, Medium, and the list goes on.


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