Kleiner Perkins launched two new funds with sizes of $825 million and $1.2 billion respectively

ChainCatcher news, according to official sources, American venture capital firm Kleiner Perkins has announced the establishment of its twenty-first venture capital fund, KP21, which is an $825 million fund aimed at supporting startups. Additionally, the firm has set up a third selective fund, KP Select III, which is a $1.2 billion fund intended to support high-impact investments.

In a press release, the company stated: "With these new funds, our team's focus on enterprise software, consumer, healthcare, fintech, and hard tech remains unchanged. Each of these areas will be greatly accelerated by artificial intelligence. Industries such as healthcare, legal, and finance, which require humans to perform low-level tasks and have slower software adoption rates, will undergo rapid transformation. New experiences and computing demands will create opportunities for hardware and physical infrastructure. Today, imagination is the limiting factor for the future of technology."

Previously, Kleiner Perkins has invested in NFT platform Autograph, cryptocurrency exchange Rain Financial, NFT certification company Optic, generative AI startup Together, among others.