Silicon Valley Kleiner Perkins – a venture capital firm has secured a fresh $750 million fund to invests in startups in the growth-stage.
As per ET, “the Kleiner Perkins Select fund will invest in mid-stage startups in a category known as early growth. Some of the investments will be follow-on financing for Kleiner’s existing portfolio companies while others will be new. The fund is in addition to Kleiner’s $700 million early stage fund, which is still being invested. The earlier fund focuses on seed stage to Series B rounds, while the new vehicle will cover investing through about Series D.”
“For five decades we have partnered with intrepid founders to build iconic companies that made history. Today, Kleiner Perkins continues that legacy, investing in founders with bold ideas that span industries and continents, partnering with them from inception to IPO and beyond to maximize the potential of their ideas… and make history,” according to the company.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.