US venture capital heavyweight Kleiner Perkins Caufield & Byers is hoping to raise about $1.2bn of new investment capital through a pair of vehicles.
The firm is targeting $450m for its latest flagship fund according to a filing with the US securities regulator, down on the $525m it raised for its 16th main vehicle in 2012 and well below the $650m it gathered in 2010.
KPCB is also eyeing $750m for its second Digital Growth Fund, a separate filing shows. Neither vehicle has registered any commitments to date.
Its debut fund in the strategy pulled in $1bn of commitments by the time it was closed in 2010.
KPCB uses its flagship vehicles to invest across seed, early and growth companies through investments between $100,000 and $75m.
The firm said at the time of Fund XV’s close in 2012 that it would focus on early-stage digital consumer and enterprise, green tech and life sciences companies.
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