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Kleiner Perkins raises $1.4 billion to invest in startups

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

Erin Carson Former Senior Writer
Erin Carson covered internet culture, online dating and the weird ways tech and science are changing your life.
Expertise Erin has been a tech reporter for almost 10 years. Her reporting has taken her from the Johnson Space Center to San Diego Comic-Con's famous Hall H. Credentials
  • She has a master's degree in journalism from Syracuse University.
Erin Carson

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.