Some details of Mary Meeker’s new fund have emerged.
Meeker in September abruptly announced she was leaving Kleiner Perkins, a firm she helped lead. All we knew at that time was that the new firm would likely be a later-stage investment practice, the most lucrative segment of the venture market right now.
Follow Crunchbase News on Twitter
Yesterday, Axios’s Dan Primack broke the news that Meeker and her growth equity team are calling the new firm Bond with a target of raising $1.25 billion with a $1.5 billion hard cap.
The news is particularly exciting because as TechCrunch’s Kate Clark notes, Meeker is now poised “to be the first woman to raise a $1 billion-plus VC fund.”
Meeker, who also became well-known for her internet trend reports, hasn’t been laying low since the September announcement. Just last month, we wrote about how she led a $250 million Series C round in payments infrastructure provider Plaid on behalf of Kleiner Perkins. The deal valued Plaid at $2.65 billion, post-money, according to various media reports, and was reportedly her last as a partner with the firm before she begins raising funds for Bond.
Illustration: Li-Anne Dias
Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.
67.1K Followers