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"Previously, KP was a small team in charge of building a business. We are moving away from being this institution with multiple products and we are focusing solely on venture capital startup, "Kleiner Perkins partner Ilya Fushman tells me. Forty-seven years after its creation, the historic venture capital fund goes back to "the future" with today's announcement of an 18th fund – a $ 600 million fund for start-up financing, Series A and Series B. It's an investment for the general public, businesses, advanced technologies and financial technologies, looking for high-potential teams to help shape unicorns.
Ilya Fushman, partner of Kleiner Perkins
"We went to the market for LPs. We have a lot of interest. We have been largely oversubscribed, "Fushman says of the company's rise.
Kleiner Perkins has recently been shaken by the departure of legendary investor Mary Meeker. She took Kleiner's partners, Mood Rowghani, Noah Knauf and Juliet de Baubigny, who would collect a $ 1.25 billion growth fund called Bond. Fushman explained that with Kleiner refocusing on start-up companies, their funds will be well differentiated. "They will focus on growth at a very advanced stage", while he describes the Kleiner Fund 18 as a place where partners can "collaborate and create" alongside new startups.
Other trends in which Kleiner wants to invest include better distributed work tools, infrastructure for technology companies, changes in the urban and economic landscape, as well as security and identity tools to protect the business. The future of software. Recent investments by the start-up company include the FabFitFun wellness subscription service, the tax and insurance safety net, and the Propel app for checkout and food tickets.
With the explosion of start-up funds, the competition for the best deals is extreme. Kleiner will have to discuss its reputation, the know-how of its founders and its many relationships to seduce its founders. If entrepreneurs think that Kleiner can finance its mid-term rounds, unlike some seed funds, or put them in touch with potential buyers, whether it's fishing or the shape of a pear , they will open their caps chart.
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