Kleiner Perkins Has Officially Raised $932.3M for its Digital Growth Fund
Kleiner Perkins has raised $932.3 million out of a targeted $1 billion for its KPCB Digital Growth Fund, according to an SEC filing dated March 11. The fact that the firm had increased the target for the fund from $750 million to $1 billion was first reported by Fortune’s Term Sheet blog on February 16. In fact, Term Sheet reported that KP was raising in excess of a billion dollars. The regulatory filing shows that the target for the fund is $1 billion and that $67.67 million remains to be raised. The document also shows that KP sold its first stake in the fund on Nov. 17.
30 March 2011•1 min read
