Kleiner Perkins

Venture capital firm
Menlo Park, California, USAFounded 1972www.kleinerperkins.comSee connections →Compare with Andreessen Horowitz

Kleiner Perkins is an American venture capital firm specializing in early-stage and growth company investments, headquartered in Menlo Park, California.

At a glance

Kleiner Perkins appears in 12 funding rounds tracked by ValueAddVC since 2025, leading 6. Its most frequent sectors in these rounds are AI & Infrastructure and Enterprise Software, and its most recent tracked deal was Armadin's $255.5M Series B round (Oct 1, 2026). It co-invests most often with Andreessen Horowitz, Lightspeed Venture Partners and Sequoia Capital. ValueAddVC also tracks 6 funds managed by Kleiner Perkins.

Strategy

Stages
SeedSeries ASeries BGrowth
Sectors
EnterpriseConsumerFintechHardtechHealthcareAIClimate
Geographies
USAMenlo Park, California, USA
Check size
$1M-$100M

Recent changes

  1. Oct 1, 2026Invested in Armadin (Series B, $255.5M) TechCrunch
  2. Sep 22, 2026Follow-on: Invested in Mirendil (Series A (reported), Up to $1B)Rumored Bloomberg
  3. Sep 15, 2026Follow-on: Invested in Profound (Series D, $180M) TechCrunch
  4. Jul 30, 2026Invested in K2 Space (Series D, $500M) Bloomberg
  5. Jul 20, 2026Invested in CuspAI (Series B, $450M) CNBC
Earlier changes (13)
  1. Jul 14, 2026Invested in Chai Discovery (Series C, $400M) Law360
  2. Jun 26, 2026Stealthy AI-R&D Lab Mirendil Raises a $200M Seed From a16z and Kleiner Perkins Pulse story
  3. Jun 25, 2026Invested in Mirendil (Seed, $200M) SiliconANGLE
  4. Apr 7, 2026New fund: Kleiner Perkins Fund XXII ($995M) SEC EDGAR Form D
  5. Mar 24, 2026New fund: Kleiner Perkins Growth fund ($2.5B) TechCrunch
  6. Feb 2026Invested in Profound (Series C, $96M) Newcomer
  7. Jan 6, 2026Follow-on: Invested in Arena (Series A, $150M) Wikipedia
  8. Oct 20, 2025Invested in OpenEvidence (Series C, $200M) TechCrunch
  9. May 2025Invested in Arena (Seed, $100M) Wikipedia
  10. Jul 2024New fund: Kleiner Perkins Fund III ($2B) Wikipedia
  11. Jun 28, 2024New fund: Kleiner Perkins Fund XXI ($825M) SEC EDGAR Form D
  12. Jan 11, 2022New fund: Kleiner Perkins Fund XX (target $800M) SEC EDGAR Form D
  13. Jan 2019New fund: Kleiner Perkins Fund XVIII ($600M) Wikipedia

Funds

6
FundVintageSizeStrategySource
Kleiner Perkins Growth fund2026$2.5BGrowthLate-stage growth
As of Mar 24, 2026TechCrunch
Kleiner Perkins Fund XXII2026$995MFlagship
As of Apr 7, 2026SEC EDGAR Form D
Kleiner Perkins Fund III2024$2BOtherCombined early-stage (KP21) and growth (Select III) funds
As of Jul 2024Wikipedia
Kleiner Perkins Fund XXI2024$825MFlagship
As of Jun 28, 2024SEC EDGAR Form D
Kleiner Perkins Fund XX2022target $800MFlagship
As of Jan 11, 2022SEC EDGAR Form D
Show 1 earlier fund
FundVintageSizeStrategySource
Kleiner Perkins Fund XVIII2019$600MFlagship
As of Jan 2019Wikipedia

Portfolio

26 total
ArmadinOpenEvidenceMirendilProfoundAnthropicMotiveHarveyWhatnotK2 SpaceCuspAIChai DiscoveryTerraFirmaTogether AIPlaidSaronicStripeWaymoArenaFigmaBrexRobinhoodDoorDashElectronic ArtsSquareSlackGlean

Recent Investment Activity

12

Track record: led 6 and participated in 6 of 12 tracked venture rounds · 11 in the last 12 months · led 2 Series D, 1 Series A (reported), 1 Series B, 1 Series A

DateCompanyEventRoleAmountValuationInvestorsSource
Oct 1, 2026ArmadinSeries BParticipated$255.5M—
Andreessen HorowitzLeadunverifiedAccelLeadunverifiedBain Capital VenturesunverifiedRedpoint Venturesunverified8VCunverifiedGoogle Ventures (GV)unverifiedIn-Q-TelunverifiedKleiner PerkinsunverifiedMenlo VenturesunverifiedBallistic Ventures
TechCrunch
Sep 22, 2026MirendilSeries A (reported)RumoredLedUp to $1B$5B
Kleiner PerkinsLeadunverifiedAndreessen Horowitzunverified
Bloomberg
Sep 15, 2026ProfoundSeries DLed$180M$1.8B
Sequoia CapitalLeadKleiner PerkinsLeadLightspeed Venture PartnersTech Funding NewsKhosla VenturesTech Funding NewsSaga VenturesTech Funding NewsEvantic CapitalTech Funding NewsSouth Park CommonsTech Funding News
TechCrunch
Jul 30, 2026K2 SpaceSeries DLed$500M$6.8B
Kleiner PerkinsLeadunverifiedIconiq CapitalLeadunverifiedLightspeed Venture PartnersunverifiedCapitalGunverifiedAltimeter Capitalunverified
Pulse story
Jul 20, 2026CuspAISeries BLed$450M$2.6B
Kleiner PerkinsLeadunverifiedNew Enterprise Associates (NEA)LeadunverifiedBezos ExpeditionsunverifiedGlade Brook CapitalunverifiedLux CapitalunverifiedAMD VenturesunverifiedTemasekunverifiedUK Sovereign AI Venture Fund
CNBC
Jul 14, 2026Chai DiscoverySeries CParticipated$400M$3.8B
Index VenturesLeadCrunchbase NewsKleiner PerkinsCrunchbase NewsSequoia CapitalCrunchbase NewsDimensionCrunchbase NewsBaillie GiffordunverifiedBain Capital VenturesunverifiedBattery VenturesunverifiedMenlo VenturesunverifiedSapphire Venturesunverified
Law360
Jul 14, 2026TerraFirmaSeries ALed$100M—
Kleiner PerkinsLeadunverified
SiliconANGLE
Jun 25, 2026MirendilSeedLed$200M$1B
Andreessen HorowitzLeadKleiner PerkinsLeadNvidia
SiliconANGLE
Feb 2026ProfoundSeries CParticipated$96M$1B
Lightspeed Venture PartnersLeadSequoia CapitalKleiner PerkinsEvantic CapitalSaga VenturesSouth Park Commons
Newcomer
Jan 6, 2026ArenaSeries AParticipated$150M~$1.7B
Felicis VenturesLeadUC InvestmentsLeadAndreessen HorowitzThe House FundLDVPKleiner PerkinsLightspeed Venture PartnersLaude Ventures
Wikipedia
Oct 20, 2025OpenEvidenceSeries CParticipated$200M—
Google Ventures (GV)LeadSequoia CapitalKleiner PerkinsBlackstone (Tech Hub)Thrive CapitalCoatue ManagementBondCraft Ventures
TechCrunch
May 2025ArenaSeedParticipated$100M$600M
Andreessen HorowitzUC InvestmentsLightspeed Venture PartnersFelicis VenturesKleiner Perkins
Wikipedia

Sector / Stage Activity

By sector (portfolio)
AI infra
5 · 19%
Fintech
4 · 15%
Enterprise SaaS
3 · 12%
Consumer
2 · 8%
Developer tools
2 · 8%
Biotech
1 · 4%
Gaming
1 · 4%
Legal tech
1 · 4%
Space
1 · 4%
Healthcare
1 · 4%
By stage (tracked rounds)
Series C
3 · 25%
Series B
2 · 17%
Series D
2 · 17%
Series A
2 · 17%
Seed
2 · 17%
Series A (reported)
1 · 8%

Co-Investors

12
SV Angel · 10 sharedAndreessen Horowitz · 8 sharedSequoia Capital · 7 sharedLightspeed Venture Partners · 6 sharedAlkeon Capital · 5 sharedDST Global · 5 sharedGeneral Catalyst · 5 sharedGlade Brook Capital · 4 sharedBaillie Gifford · 3 sharedCoatue Management · 3 sharedIconiq Capital · 3 sharedMenlo Ventures · 3 shared

Value Add Research

Latest Pulse

  1. Mirendil In Talks To Raise At $5B, Up 5x In A QuarterMirendil, the self-improving-AI startup founded by two ex-Anthropic researchers three months ago, is reportedly in talks with Kleiner Perkins and Andreessen Horowitz to raise up to $1 billion at a $5 billion valuation.→
  2. Matter Venture Partners Closes $450M Fund IIMatter Venture Partners, founded by former Kleiner Perkins partners Wen Hsieh and Haomiao Huang, closed a $450 million Fund II to back early-stage hardtech startups in semiconductors, robotics and energy.→
  3. AEO Startup Profound Hits $1.8B In Just 7 MonthsProfound, which helps brands track how they appear inside ChatGPT and Gemini answers, raised a $180 million Series D co-led by Sequoia Capital and Kleiner Perkins at a $1.8 billion valuation, less than seven months after its last round.→
  4. Harvey Raises $550M At $15.5B ValuationLegal AI startup Harvey raised $550 million at a $15.5 billion valuation, nearly doubling in nine months across two rounds while building its own open-weight model instead of depending solely on OpenAI or Anthropic.→
  5. Profound Raises $96M to Own AI Search AnswersProfound raised a $96 million Series C led by Lightspeed to help brands track and influence how they get cited inside AI chatbot answers, the generative engine optimization category forming as search shifts from links to answers.→
  6. The Startups Building AI Agents That Shop for YouVenture capital is fanning out across every layer of agentic commerce at once -- multipurpose shopping agents, deal-finding assistants, and the payment plumbing agents need to transact -- with real usage and real failures alike.→
  7. This Week's Funding: $1.1B Across 5 Deals, Etched Takes MostFive disclosed rounds this week total roughly $1.1B, with Etched's $700M chip raise alone accounting for about 64% of it -- AI infrastructure still absorbing a disproportionate share of available capital.→
  8. Etched's Valuation Doubles to $21B in a MonthAI inference-chip startup Etched raised $700 million at a $21 billion valuation weeks after its $10.3 billion mark, with first customer Jane Street already running Etched's Sohu chips in production.→
  9. Etched Raises $700M as Valuation Doubles to $21BEtched raised $700 million led by Jane Street at a $21 billion valuation, doubling the $10.3 billion mark it set in July after the quant firm tested the startup's inference hardware and installed a rack in its own data center.→
  10. Defense Tech's Funding Boom Still Has Room to RunAnduril's talks for a $100 billion valuation, up from $61 billion two months ago, are the headline, but the real story is how deep the defense-tech funding bench has gotten behind it.→
  11. Live Commerce Defies the AI Narrative at WhatnotWhatnot doubled its valuation to $20 billion in a live-shopping market that has nothing to do with AI, proof that non-AI consumer businesses can still command venture megaround pricing in 2026.→
  12. Whatnot's $20B Round Is the Best AI News This WeekLive-shopping platform Whatnot raised $545 million at a $20 billion valuation without an AI story to tell -- proof that durable consumer businesses still get funded on their own merits.→
  13. AI's App Layer Raised $832M in a Single WeekK2 Space, Zenity, HappyRobot and Convex raised a combined ~$832M in eight days -- satellites, AI-agent security, enterprise agents and AI-native backend infrastructure, not a single foundation model among them.→
  14. Parallel Raises $100M to Build Search for AI AgentsParallel raised a $100M Series B led by Sequoia, with Khosla Ventures and Kleiner Perkins participating, to build a search engine designed specifically for AI agents rather than human browsers.→
  15. K2 Space's $6.8B Mark Is a Bet on Sovereign SatellitesK2 Space's $500 million Series D at a $6.8 billion valuation is the clearest recent proof that satellite manufacturing -- not just launch -- is where investors think the next infrastructure cycle gets built.→
  16. K2 Space Raises $500M Series D at $6.8B ValuationK2 Space raised a $500 million Series D co-led by Kleiner Perkins and ICONIQ, valuing the large-satellite manufacturer at $6.8 billion as it targets building up to 100 large satellites a year for commercial and defense customers.→
  17. K2 Space Raises $500M at $6.8B ValuationK2 Space raised a $500 million Series D at a $6.8 billion valuation, co-led by Kleiner Perkins and Iconiq, to scale production of large, high-power satellites for data-heavy communications and defense missions.→
  18. Bezos Backs CuspAI's $450M Round to Hunt Chip MaterialsCuspAI raised a $450 million Series B at a $2.6 billion valuation, roughly five times its mark nine months ago, with Bezos Expeditions joining Kleiner Perkins and NEA as the Cambridge startup launches an AI Materials Foundry with Nvidia and Meta.→
  19. Chai Discovery Raises $400M at $3.8B for AI Drug DesignLife-sciences AI startup Chai Discovery raised a $400 million Series C at a $3.8 billion valuation led by Index Ventures, with Sequoia, Dimension and Kleiner Perkins participating, one of the largest rounds yet for AI-driven drug and molecule design.→
  20. Europe's Defense-Tech Rounds Are Catching Up to the USHelsing's $1.8 billion round at an $18 billion valuation puts a concrete number on how fast European defense-tech financing is closing the gap with a US market that produced four separate billion-dollar-plus rounds this year alone.→
  21. Defense Tech's $14.6B Pace Shows No Sign of SlowingDefense tech startups raised $14.6 billion in the first five months of 2026 alone, already blowing past the previous full-year record of $9.6 billion set in 2025, led by Anduril, Shield AI and Saronic.→
  22. Arena, the AI Leaderboard Everyone Uses, Becomes a $100M Business Eight Months After LaunchArena, the crowdsourced AI model leaderboard that began as a UC Berkeley research project, disclosed on June 29 that it has reached $100 million in annualized run-rate revenue — up from $30 million in January — just eight months after launching its paid AI Evaluations product. The company has raised $250 million total, including a $150 million Series A in January at a $1.7 billion valuation.→
  23. Arena, the AI Leaderboard Everyone Uses, Hits $100M Revenue Run-RateArena -- the crowdsourced AI-model leaderboard born as a UC Berkeley research project and now relied on across the industry -- has reached a $100 million annualized revenue run-rate, up from $30 million in January, on the back of its commercial AI-evaluations business. The company raised a $150 million Series A in January at a $1.7 billion valuation and has turned 10 million-plus human model comparisons into a paid product for labs and enterprises.→
  24. Arena, the AI Leaderboard Everyone Uses, Is Now a $100M BusinessArena, the crowdsourced model-evaluation platform born as Chatbot Arena at UC Berkeley, hit $100 million in annualized run-rate revenue just eight months after launching its paid 'AI Evaluations' service. Its free public leaderboard -- built on more than 10 million head-to-head user votes -- has become the industry's default benchmark, and the company has parlayed that trust into a $1.7 billion valuation.→
  25. Stealthy AI-R&D Lab Mirendil Raises a $200M Seed From a16z and Kleiner PerkinsMirendil, a new and largely stealth frontier AI lab focused on building systems for AI research and development itself, raised a $200 million seed round co-led by Andreessen Horowitz and Kleiner Perkins, with Nvidia among its backers. A nine-figure seed for a pre-product lab is one of the year's clearest signals that capital is racing to fund the next generation of foundation-model challengers.→
  26. Mirendil Raises a $200M Seed for Foundational AI in R&D, Backed by a16z, Kleiner and NvidiaMirendil, a stealthy startup building foundational AI systems for scientific and industrial research and development, launched with a staggering $200 million seed round co-led by Andreessen Horowitz and Kleiner Perkins, with Nvidia among its backers. The size of a seed once reserved for Series B underscores how aggressively top investors are pre-funding teams chasing AI that can accelerate discovery in chemistry, materials and the physical sciences.→
  27. Mirendil Raises $200M Seed to Build AI That Excels at AI R&DMirendil, a San Francisco frontier lab building systems designed to excel at AI research and development itself, raised a $200 million seed round led by Andreessen Horowitz and Kleiner Perkins. The gargantuan seed reflects investor conviction that automating AI research -- models that help build better models -- could be the highest-leverage frontier in the field.→
  28. CuspAI Raises $400M at $2.6B -- Bezos and Kleiner Back AI Materials DiscoveryUK AI materials-discovery startup CuspAI raised $400M at a $2.6B valuation, with Jeff Bezos' Bezos Expeditions and Kleiner Perkins backing. The company uses generative AI to design new materials -- for carbon capture, batteries and beyond -- collapsing discovery cycles that used to take years.→

Kleiner Perkins FAQ

What is Kleiner Perkins' latest fund?

Kleiner Perkins Growth fund, closed at $2.5B (As of Mar 24, 2026; TechCrunch).

How large are Kleiner Perkins' funds?

Kleiner Perkins funds Value Add tracks include Kleiner Perkins Growth fund ($2.5B, 2026); Kleiner Perkins Fund XXII ($995M, 2026); Kleiner Perkins Fund III ($2B, 2024); Kleiner Perkins Fund XXI ($825M, 2024), out of 6 Kleiner Perkins funds tracked in total.

What companies has Kleiner Perkins invested in?

Kleiner Perkins' portfolio includes Armadin, OpenEvidence, Mirendil, Profound, Anthropic, Motive, and 20 more tracked companies.

Who does Kleiner Perkins co-invest with most?

In the rounds Value Add tracks, Kleiner Perkins most often invests alongside SV Angel (10 shared deals), Andreessen Horowitz (8 shared deals), Sequoia Capital (7 shared deals), Lightspeed Venture Partners (6 shared deals), Alkeon Capital (5 shared deals).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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