Ron Burgundy Posted June 28, 2014 Share Posted June 28, 2014 By Sarah McBride SAN FRANCISCO (Reuters) - Venture fund Kleiner Perkins Caufield & Byers filed to raise a total of $1.2 billion for two new funds, reflecting scaled-back ambitions compared with previous funds. The new funds, an early-stage growth fund of $450 million known as KPCB XVI and a later-stage fund of $750 million known as KPCB Digital Growth, contrast with the $525 million KPCB XV, raised two years ago, and the $1 billion inaugural Digital Growth fund, raised in 2010. The new funds come at a time when a rash of competitors are clocking outsized gains due to early investments in companies such as Facebook and Twitter, which Kleiner came to late in the game. View the full article Quote Link to comment Share on other sites More sharing options...
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