Kleiner Perkins Locks In $525M For Digital Investments

Law360, New York (May 18, 2012, 4:33 PM EDT) -- California-based venture capital outfit Kleiner Perkins Caufield & Byers closed on a $525 million fund that will place a greater emphasis on digital businesses than the firm has in the past, according to an announcement Thursday.

The new fund — formally dubbed Kleiner Perkins Caufield & Byers XV LLC, but referred to by the firm as KPCB 15 — will shift focus slightly from the firm's other two strongholds, green technology and life sciences companies, according to a statement the firm issued Thursday.

"While KPCB has...
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