Kleiner Perkins’ New Fund Has Partial Clean Tech Focus

A new Kleiner Perkins fund, called Fund XV, closed at $525 million and will invest in early-stage consumer tech, enterprise tech, clean tech
and life sciences companies.

Of the 10 partners on the new fund, seven focus on consumer tech and enterprise tech, while two will focus on clean tech and one focuses on
life sciences.  The clean tech investments will be directed by partners Amol Deshpande and Wen Hsieh.

Kleiner Perkins has heavily emphasized cleantech investments in the past, but recently has been focusing more on laterstage Internet investments such as Facebook, Twitter and Groupon.

To read the Kleiner Perkins press release, click here

To read the coverage by Tech Crunch, click here

Tags: Fundings

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