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Kleiner Perkins Raises $1.4 Billion to Back Startups

  • VC firm’s Chairman John Doerr not investing from new funds
  • More cash for late stage startups, less for younger companies

Kleiner Perkins Caufield & Byers has raised more than $1 billion and anointed new leaders to invest the cash.

Kleiner Perkins raised $1.4 billion for two new funds, according to Securities and Exchange Commission filings Wednesday, which listed new general partner Noah Knauf as one of people who will put the money to work.