Kleiner Perkins Caufield & Byers on Thursday announced the expected creation of a fund dedicated to growing green-technology firms.
The Silicon Valley venture capital firm said $500 million out of a larger $1.2 billion fund will go to "growth stage" green-technology firms that need additional capital to commercialize their work.
Kleiner Perkins established a $100 million green-technology fund in 2006 for start-up seed funding. This Green Growth Fund will make investments of $10 million to $50 million to ramp up existing companies, Kleiner Perkins executives told The Wall Street Journal.
The structure of the fund reflects one … Read more