Jan 11 (Reuters) - Venture capital firm Kleiner Perkins said
on Tuesday it had raised $1.8 billion through two new funds,
joining a clutch of companies raising capital amid soaring
valuations of tech startups.
A total of 38,644 venture capital deals were made globally
last year, totaling $671 billion in volumes, higher than any
other year on record, according to data from PitchBook.
The firm raised $800 million and $1 billion for funds named
KP20 and Select2, to invest in early stage startups across
sectors such as consumer, fintech and healthcare. The company is
also looking to tap into more cryptocurrency investments.
Its fundraise follows that of Silicon Valley-based venture
capital giant Andreessen Horowitz, which raised a massive $9
billion through three new funds last week.
Kleiner Perkins said it had raised 20 early-stage venture
funds since it was founded in 1972. Over the last five decades,
it has invested in some of the most notable technology
companies, including Alphabet Inc, Amazon.com Inc
, Twitter Inc and Uber Technologies Inc
A string of its portfolio companies listed on public
exchanges in New York last year, including language learning app
Duolingo Inc and online education platform Coursera Inc
, fetched valuations of more than $5 billion each.
(Reporting by Sohini Podder and Manya Saini in Bengaluru;
Editing by Amy Caren Daniel)