Greylock Partners raises $1bn for latest fund


dollars 20_sqVenture capital firm Greylock Partners, whose previous investments include LinkedIn, Facebook and Workday, has raised a new $1bn fund.

Greylock XIV follows the firm’s thirteenth fund which raised a similar amount in 2011.

The firm said in a blog post that of the over 140 investments it made from its previous fund, 120 were seed or Series A and 10 were Series B.

Greylock also said it would be investing $100m in innovative marketplaces.

A joint statement from Greylock partners David Sze and Reid Hoffman said, “We see a transition from a technology-in-your-face phase to one where tech melds into the background and stops becoming work.

“For consumers, the long-predicted vision of the ‘many any’s’ – an anywhere, anytime, and anyhow internet – is finally coming true.

“Networks, platforms, and marketplaces are poised to benefit – and is one of the many reasons we our committing $100m to marketplaces.”

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