Despite the challenges in attracting new capital in the current IPO environment, many VC firms are still able to raise substantial funds, especially established and well-known firms like Kleiner Perkins.
Kleiner Perkins recently announced the closure of over $2 billion in fresh capital across two funds, building upon their previous $1.8 billion fundraise earlier in 2022.
Other leading firms that have successfully navigated the VC fundraising landscape this year include Andreessen Horowitz, General Catalyst, and Norwest, raising billions for their respective funds.
Kleiner Perkins intends to focus its investments in enterprise software, consumer, healthcare, fintech, and hardtech startups, leveraging AI to enhance efficiency in these sectors. The firm has already supported AI-driven startups like Glean and Harvey, though its investments in prominent AI companies are relatively modest compared to other large VC firms.
Established in 1972, Kleiner Perkins has a rich history of backing successful companies like Amazon, Compaq Computer, and Airbnb. While the firm may have lost some of its luster in recent years, it continues to invest in promising startups like Instacart, Slack, and Robinhood.
