VC firm Greylock Partners announced its 16th fund on Tuesday. The Bay Area-based firm raised $1 billion to invest in both enterprise-focused and consumer-facing businesses. The last time Greylock raised a round of this size was in 2016.
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The firm plans to remain focused on seed and Series A investments, but will also be making growth-stage investments with the new fund, according to reports.
Other Greylock investments include chat tool Discord and social media business Nextdoor.com, which are both valued at more than $1 billion. Greylock’s limited partners include organizations like Management Leadership for Tomorrow and institutions like Princeton University.
Illustration: Li-Anne Dias.