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Kleiner Perkins reportedly raising a $400M-plus green growth fund

Posted on April 24, 2008

Kleiner Perkins, the Silicon Valley venture capital firm that backed Google in its early days, is planning to raise a Green Growth fund of more than $400 million, to invest in later-stage cleantech companies, according to PeHub. The move is a sign of the maturation and realities of the green technology industry. Many environment-related projects, including solar thermal, electric cars and bio-fuel manufacturing, require huge amounts of capital. Kleiner had earlier raised $200 million to invest in early-stage green companies, but it doesn t have enough money to invest large chucks of ...

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