economy

March 25, 2026

With $3.5B in fresh capital, Kleiner Perkins is going all in on AI

The fundraise includes $1 billion for investing in early-stage startups, and $2.5 billion for late-stage growth businesses.

With $3.5B in fresh capital, Kleiner Perkins is going all in on AI

TL;DR

  • Kleiner Perkins raised $3.5 billion across two new funds.
  • One fund of $1 billion is for early-stage venture investments.
  • A second fund of $2.5 billion is for late-stage growth businesses.
  • The firm has invested in AI startups like Together AI, Harvey, and OpenEvidence.
  • Kleiner Perkins also invested in Anthropic and SpaceX.
  • The firm realized significant returns from the IPO of Figma and the acquisition of Windsurf by Google.
  • Kleiner Perkins joins other VC firms like Thrive Capital, General Catalyst, and Founders Fund in making large capital raises.

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