Thursday, March 6, 2008

KPCB Launches $100M iPhone Fund

Menlo Park-based Kleiner Perkins Caufield & Byers said Thursday that it has launched a new venture capital fund specifically targeted at Apple iPhone applications. According to KPCB, its new iFund will invest in companies developing applications and services for Apple's iPhone and iPod touch. The new fund will be managed by Matt Murphy, along with KPCB partners John Doerr, Bill Joy, Randy Komisar, Ted Schlein, Chi-Hua Chien and Ellen Pao. The fund said Apple will provide the firm with market insight and support.