Kleiner Perkins Caufield & Byers

Kleiner Perkins Caufield & Byers

Kleiner Perkins is an American venture capital firm headquartered on Sand Hill Road in Menlo Park in Silicon Valley.

Kleiner, Perkins, Caufield & Byers is a Silicon Valley venture capital (VC) firm. For over five decades, Kleiner Perkins (previously known as Kleiner Perkins Caufield & Byers) has invested in technology and life science companies.

The firm has backed companies such as Sun Microsystems, Compaq Computer Corp., Lotus, Netscape Communications Corp., America Online Inc., and Amazon with a combined market cap of about $650 billion. KP's partners assemble management teams and often sit on boards of the companies they sponsor. An informal version of the Japanese "keiretsu" system encourages resource sharing and deal making among KP-backed companies.

Investments

Over the past 50 years, Kleiner Perkins has invested $10 billion in hundreds of companies like Amazon, Google and Genentech.

KP tries to eliminate risk in all areas of ventures: technological risk, financial risk, operating risk, and market risk. In its first decade, Kleiner Perkins invested in about 50 companies, mostly high-tech Silicon Valley start-ups, through three funds totaling $78 million. These funds were reportedly averaging annual returns of 50 percent.

One of KPCB's more notorious investments of the decade was in Go Corporation, whose purpose was developing a pen-operated computer. The company collapsed after spending six years and $75 million on the project. KPCB VI, the firm's sixth fund, raised $173 million in 1992; it returned $878 million in the next ten years.

Kleiner Perkins Caufield & Byers - China

KPCB China's investment advisory team was founded in 2007 with the goal of building a dialog between entrepreneurs and investors in China. Kleiner Perkins focus their global investments in China due to China's rapidly growing economy and startup culture. The advisory team operates independently and focuses on Digital, Green Tech and Life science opportunities. The investment advisory team is focused on identifying and promoting innovation and supporting entrepreneurs and portfolio companies.

Timeline

January 31, 2019

KP 18 fund announced

Kleiner Perkins announces their 18th venture fund: $600 million to focus on early stage investing

Funded Companies

Company
Description
Website
Industry
Location
Genentech

Biotechnology company that discovers, develops, manufactures and commercializes therapeutic products for serious or life-threatening medical conditions. Disease areas include oncology, immunology, ophthalmology, metabolism and virology. Genentech has been a member of the Roche Group since 2009.

Biotechnology
Cancer
Pharmaceutical industry
Drug discovery
Biopharmaceutical
Therapy
Vacaville, California
Oceanside, California
South San Francisco, California
Hillsboro, Oregon
Beyond Meat

Beyond Meat makes plant-based meat alternatives such as burgers, sausages, chicken strips, and ground beef. Beyond Meat was founded in 2009 by Ethan Brown and is based in Los Angeles, California.

Beef
Chicken
Food industry
Clean technology (Cleantech)
Plant-based meat
Los Angeles
El Segundo, California
AngelList

AngelList is a U.S. website for startups, angel investors, and job-seekers looking to work at startups.

Enterprise software
Hardware
San Francisco
Desktop Metal

Desktop Metal is a Burlington, Massachusetts-based metal 3D printing company founded in 2015 by Ric Fulop, Jonah Myerberg, and Ely Sachs.

Technology
Batch production
3D printing
Burlington, Massachusetts
Square (company)

A technology company that has developed solutions for making and receiving payments. It was founded in 2009 and is located in San Francisco, California.

Software
E-commerce
Mobile payment
Financial technology
San Francisco
Nurx

A telemedicine service company that delivers oral contraceptives and various testing kits to its customers. It was founded in 2015 and has headquarters in San Francisco, California.

Healthcare
Delivery (commerce)
Telemedicine
Health technology
Birth control
Medical industry
COVID-19 testing
San Francisco
Brex

Brex is a credit card company that issues corporate credit cards.

Financial services
Business-to-business
Payment system
Financial technology
Banking industry
San Francisco
Gusto (Company)

Payroll and benefits company. It participated in the W12 cohort of Y Combinator.

Software
Email
Human resources
Small business
Small and medium-sized enterprises
Financial services
Payroll
Health insurance
Employee benefits
Software as a service (SaaS)
San Francisco
Looker (company)

Looker is a business intelligence software company providing data access tools to organizations and data analysts.

Software
Business intelligence (BI)
Analytics
Enterprise software
San Francisco
Chicago
Dublin
London
Tokyo
Santa Cruz, California
Boulder, Colorado
New York City
Nest (company)

American home automation producer

Retail
Home automation
Energy efficiency
Incubator
Internet of things (IoT)
Palo Alto, California
Nextdoor

Nextdoor is a company providing a private communications platform for neighborhoods.It was founded in 2011 and is located in San Francisco, California.

Artificial intelligence (AI)
Communication
Privacy
Digital media
Social networking service
Social network
San Francisco
UiPath

UiPath is a software company designing and developing robotic process automation software.

Artificial intelligence (AI)
Software
Automation
Data center
Web development
Enterprise software
Robotics
Robotic process automation
Bucharest
New York City
Atoms

Atoms makes shoes for everyday wear. Made with elastic laces, copper lining, breathable materials, and simple design.

Art
Consumer
Shoe
Footwear
Brooklyn
New York City
Proxy (company)

A mobile application allowing its users access their office, building or apartment

Identity management
Personalization
Enterprise software
Electronic authentication
Internet of things (IoT)
San Francisco
Stockholm
Shanghai
Snapchat

Snapchat, a product of Snap Inc., is a free image messaging application and augmented reality platform.

Streaming media
Chat
Digital media
Augmented reality
Social media
California
Los Angeles
Dollar Shave Club

Dollar Shave Club offers a monthly membership service that delivers stainless steel razor blades and other personal grooming products to customers by mail.

Beauty
E-commerce
Venice, Los Angeles
Marina del Rey, California
Intercom (company)

A technology company developing and providing a communications platform for web and mobile businesses to interact with customers.

Software
Communication
Internet
Customer support
Customer service
Software as a service (SaaS)
Productivity software
Marketing automation
San Francisco
California
United States
Figma (company)

A company offering an online platform for collaborative design in team environments.

Design
Software
Productivity software
No-code / low-code development
No-code
San Francisco
SmileDirectClub

SmileCareClub is a company that offers aligner therapy using a series of plastic aligners that gradually shift teeth into desired position.

Healthcare
Orthodontics
Nashville, Tennessee
LendUp

LendUp is a company building credit products that cater people with low credit or volatile income. It participated in the W12 cohort of Y Combinator.

Microcredit
Credit (finance)
Financial inclusion
Financial technology
San Francisco
Plaid (company)

Plaid is a company providing businesses with tools and access to develop a digital financial system.

Software
Financial services
Software as a service (SaaS)
Wealth management
Data integration
Financial inclusion
Application programming interface (API)
Financial technology
San Francisco
Practice Fusion

Practice Fusion is a San Francisco-based developer of electronic health record and medical practice management software.

Healthcare
Electronic health record
Software as a service (SaaS)
Appointment scheduling software
Health information technology
Big data
Application programming interface (API)
San Francisco
Instacart

Instacart is an internet-based grocery delivery service company.

E-commerce
Food
Retail
Grocery store
Delivery (commerce)
Online marketplace
San Francisco
Rippling (company)

A software company providing cloud-based employee management solutions. It combines human resources, information technology, and operations. It was founded in 2016 and has locations in San Francisco, California and Bangalore, India.

Mobile device management
San Francisco
Stanford, California
Zazzle

Online retailer

E-commerce
San Francisco
Redwood City, California
271 Results
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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
Kleiner Perkins Caufield & Byers XVII, LLC
400,000,000
Menlo Park, California
June 29, 2016
Kleiner Perkins Caufield & Byers XVI, LLC
450,000,000
Menlo Park, California
June 27, 2014
KPCB Digital Growth Fund II, LLC
750,000,000
Menlo Park, California
June 27, 2014
Kleiner Perkins Caufield & Byers XV, LLC
525,000,000
Menlo Park, California
May 17, 2012
KPCB Digital Growth Fund III, LLC
1,000,000,000
Menlo Park, California
June 29, 2016
KPCB China Fund II, L.P.
250,000,000
Pudong
November 2, 2011
Kleiner Perkins Caufield & Byers XIV, LLC
650,000,000
Menlo Park, California
November 16, 2010
KPCB Digital Growth Fund, LLC
750,000,000
Menlo Park, California
November 16, 2010
KPCB sFund, LLC
50,000,000
Menlo Park, California
October 21, 2010
Kleiner Perkins Caufield & Byers XIX, LLC
700,000,000
Menlo Park, California
March 2020
10 Results
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People

Name
Role
LinkedIn

Al Gore

Advisor

Alicia Lau

Fellows Program Manager

Amanda Duckworth

Chief Marketing OFficer

Andy Chen

Employee

Anjney Midha

Employee

Annie Case

Investor

Beth Seidenberg

Advisor

Bing Gordon

Advisor

Brook Byers

Founder

Bucky Moore

Partner

Colin Powell

Advisor

David Mount

Employee

Eric Feng

Advisor

Ilya Fushman

Partner

Jackie Xu

Talent

Jason Doren

CAO & General Counsel

John Doerr

Chairman

Josh Coyne

Investor

Katie Hutchison

Communications

Ker Zhang

Entrepreneur in Residence

KPCB

Employee

Lynne Chou O' Keefe

Advisor

Mamoon Hamid

Partner

Michael Abbott

Employee

Monica Desai

Investor

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Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

3V Biosciences

3VR

41st Parameter

Aerohive

Affectiva

airbnb

Airtime

Alien Vault

Align

Alkira

Amazon

Ambiq Micro

Amprius

Amyris

Angel List

Aol

Appdynamics

Apperian

AppOrbit

Aquion Energy

Arc Sight

Area 1

Armo Biosciences

Arresto

Atara Bio

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References

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