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Kleiner Perkins Shuts Down Its Seed Venture Fund

  • Departures of young partners weaken firm’s early-stage effort
  • Kleiner to continue investing broadly in emerging startups
Kleiner Perkins Caufield & Byers (KPCB) headquarters in Menlo Park, Calif.
Photographer: Kristoffer Tripplaar/Sipa via AP Photo
Updated on

Kleiner Perkins Caufield & Byers shut its seed investing program, a two year-old effort to get the venture capital firm back into the potentially lucrative field of early-stage startup investing.

All three partners who ran the $4 million KPCB Edge program, Anjney Midha, Roneil Rumburg and Ruby Lee, departed in recent weeks, a spokeswoman for the firm said. There are no immediate plans to hire new early-stage experts to replace the trio. Instead, existing partners at Kleiner Perkins will evaluate and invest in seed deals as part of their daily duties, she said.