United States Venture Capital Firm Kleiner Perkins Raised $3.5 Billion for 2 New Funds with 1) $1 Billion for 22nd Venture Fund (KP22) to Invest in Early-Stage Companies & 2) $2.5 Billion for Growth Funds (KP Select IV), Founded in 1972 as Kleiner Perkins, Name Changed to Kleiner, Perkins, Caufield & Byers (KPCB) after New Partners Joined Kleiner Perkins (Caufield and Byers)
25th March 2026 | Hong Kong
United States venture capital firm Kleiner Perkins has raised $3.5 billion for 2 new funds with 1) $1 billion for 22nd venture fund (KP22) to invest in early-stage companies & 2) $2.5 billion for growth funds (KP Select IV). Kleiner Perkins was founded in 1972 as Kleiner Perkins, and name subsequently changed to Kleiner, Perkins, Caufield & Byers (KPCB) after new partners joined Kleiner Perkins (Caufield and Byers). Announcement (24/3/26): “We are thrilled to announce our twenty-second venture fund, KP22, a $1 billion fund to back early-stage companies, and $2.5 billion in growth funds to back high-inflection, category-defining businesses. With $3.5 billion, these new funds represent our deepened commitment to backing exceptional founders who want to make history. Since our last fundraise, the pace of change has only accelerated. The AI super-cycle is one of the most important company-building moments in our lifetimes, and we are still in the early innings. AI is reshaping how products are built, how businesses operate, and how entire industries work. Its impact is already visible across software development, legal and professional services, healthcare, transportation, and more. This technology is expanding across the full stack, from infrastructure to applications, and the companies being built on it are taking root in the real economy faster than almost anything we have seen before due to the immense value they deliver. This moment is also creating escape velocity: companies with genuine AI leverage can clear product-market fit and breakout growth faster than ever. This has reinforced a simple lesson: conviction in the right founders at the right moments matters more than ever across all stages of investing. Our strategy reflects that reality. At the early stage, we are investing broadly across the AI landscape, backing founders building new products, platforms, and categories from the ground up. At growth, we remain selective, partnering with breakout companies and doubling down where our conviction continues to deepen. Across both stages, we see exceptional opportunities in areas including professional services, healthcare, autonomy, security, financial services, productivity, and the physical economy. Through all of this, our core values have not changed. For 54 years, we’ve held firm in the belief that venture is an art and a craft, grounded in deep relationships with founders and a real commitment to helping them build companies that last. We believe in lean investment and portfolio operating teams that work on founder time, and are deeply committed to a bespoke, hands-on approach to supporting our companies through all stages of growth. We are deeply grateful to all the founders who have partnered with us on this journey, and could not be more excited to back the next generation of history-making founders.”
“ United States Venture Capital Firm Kleiner Perkins Raised $3.5 Billion for 2 New Funds with 1) $1 Billion for 22nd Venture Fund (KP22) to Invest in Early-Stage Companies & 2) $2.5 Billion for Growth Funds (KP Select IV), Founded in 1972 as Kleiner Perkins, Name Changed to Kleiner, Perkins, Caufield & Byers (KPCB) after New Partners Joined Kleiner Perkins (Caufield and Byers) “
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Kleiner Perkins – For five decades, Kleiner Perkins has partnered with intrepid founders to build iconic companies that made history. Today, Kleiner Perkins continues that legacy, investing in founders with bold ideas that span industries and continents, partnering with them from inception to IPO and beyond to maximize the potential of their ideas and make history across consumer, enterprise, health care, financial services, and hardtech. Our portfolio includes Google, Amazon, Figma, Glean, Harvey, Rippling, TogetherAI, OpenEvidence, Waymo, and Anthropic.
United States Venture Capital Firm Kleiner Perkins Raised $3.5 Billion for 2 New Funds with 1) $1 Billion for 22nd Venture Fund (KP22) to Invest in Early-Stage Companies & 2) $2.5 Billion for Growth Funds (KP Select IV), Founded in 1972 as Kleiner Perkins, Name Changed to Kleiner, Perkins, Caufield & Byers (KPCB) after New Partners Joined Kleiner Perkins (Caufield and Byers)
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