That was fast.
Just one week after disclosing that it was raising $1.2 billion for two new funds, longstanding venture capital firm Kleiner Perkins Caufield & Byers has finished that work, Fortune’s Dan Primack reported today.
The first fund, totaling $450 million, is for early-stage deals. The remaining $750 million is for the firm’s new digital growth fund.
The funds were oversubscribed and have not been formally closed, Fortune reported.
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Andreessen Horowitz, Khosla Ventures, and True Ventures, have also wrapped up new funds lately to back early-stage startups.
