Kleiner Perkins, the distinguished U.S. enterprise agency, introduced on Tuesday that it raised $3.5 billion in contemporary capital throughout two funds, a major improve from the agency’s $2 billion fundraise lower than two years in the past.
The agency, based again in 1972, says it raised $1 billion for its twenty second early-stage enterprise fund, and $2.5 billion for a separate automobile designed to fund late-stage development companies.
The a lot bigger capital haul shouldn’t be a shock. Over the previous couple of years, Kleiner Perkins has managed to safe early stakes in a lot of fast-growing AI startups, together with Collectively AI, Harvey, and OpenEvidence. The agency can also be an investor in Anthropic and SpaceX, two firms anticipated to IPO this yr.
At a time when exits are few and much between, Kleiner Perkins additionally realized vital returns from final yr’s IPO of Figma, a design software program firm whose $25 million Collection B spherical it led in 2018. The agency additionally reportedly scored an honest return when its portfolio firm Windsurf was acqui-hired by Google final summer time.
A agency well-known for its legendary early bets on Amazon and Google, Kleiner Perkins now operates with a lean crew of simply 5 companions. The agency has seen some management turnover just lately: Ev Randle departed for rival agency Benchmark, whereas Annie Case has transitioned from companion to an advisory function, a Kleiner Perkins spokesperson confirmed.
Kleiner Perkins joins a wave of mega-raises from different VC companies. Thrive Capital just lately secured $10 billion in contemporary commitments, whereas Common Catalyst is reportedly targeting an identical quantity. In the meantime, an SEC filing confirms TechCrunch’s earlier reporting that Founders Fund has closed $6 billion for its fourth development automobile.
