KPCB Launches $100M iFund to Develop Apps for iPhone & iPod Touch
July 19, 2008 1:53 PM | Apple | Comments (2)
Venture Capital firm Kleiner Perkins Caufield & Byers (KPCB) has launched the iFund with $100 million to invest in companies developing applications and services for Apple's iPhone and iPod touch. The iFund will be invested in companies with market-changing ideas and products that extend the revolutionary new iPhone and iPod touch platform. Apple will provide KPCB with market insight and support. In addition to providing capital, KPCB will assist with company-building expertise, business development relationships and access to its vast network of talented entrepreneurs. |  |
Since its founding in 1972, Kleiner Perkins Caufield & Byers has backed entrepreneurs in over 500 ventures, including AOL, Amazon.com, Citrix, Compaq Computer, Electronic Arts, Genentech, Genomic Health, Google, Intuit, Juniper Networks, Netscape, Lotus, Sun Microsystems, Symantec, Verisign and Xilinx.
KPCB portfolio companies employ more than 250,000 people. More than 150 of the firm's portfolio companies have gone public. Many other ventures have achieved success through mergers and acquisitions. KPCB has been an active investor in mobile ventures with over 20 portfolio companies in the sector. Current portfolio companies including Pelago, Dash, GOGII, and Pinger will collaborate closely with the iFund initiative.
For more information visit http://kpcb.com/initiatives/ifund/faq.html.
Comments
Posted by: Patrick | July 27, 2008 3:06 PM
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Posted by: William B. McHargue | July 20, 2008 12:29 PM
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