Kleiner Perkins Refills Wallet With $525M for Early-Stage Companies

Sand Hill venture capital firm Kleiner Perkins Caufield & Byers has closed its 15th fund today, at $525 million. As had been previously reported, the fund will not be managed by KPCB’s Brook Byers, Bill Joy, Ray Lane and Aileen Lee (who is now doing a seed fund), though those partners will continue to be involved in ongoing investments. What’s new about the fund is a renewed emphasis on digital enterprise companies, in addition to digital consumer, green tech and life sciences.