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Tech Industry

Kleiner Perkins raises $1.4 billion to invest in startups

The venture capital firm's new funds will translate into opportunities for young companies.


More money for startups.


Kleiner Perkins Caufield & Byers, a Silicon Valley venture capital firm, has raised $1.4 billion to invest in tech companies, according to documents filed Wednesday with the Securities and Exchange Commission.

Of that, $1 billion is earmarked for the firm's digital growth fund geared toward late-stage tech companies and $400 million for its early-stage fund. More money means more opportunities for startups.

Menlo Park, California-based Klein Perkins is renowned for backing now-famous tech companies like Google, Amazon and Twitter before they were household names.