Kleiner Perkins KP Select IV

United States
Growth
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About Kleiner Perkins KP Select IV

Kleiner Perkins KP Select IV is a $2.5B growth-stage fund focused on scaling AI companies. Part of a $3.5B combined raise with KP 22, the firm's largest fundraise in over a decade.

Investment Focus

Location / RegionUnited States
Funding StageGrowth
Industry Focus
Ai Ml
Enterprise Software

Investor Signals Profile

active

Sweet Spot

AI-native founders in healthcare, legal, or enterprise targeting large regulated markets

AI-first
regulated-industries
enterprise-software
healthcare-AI
seed-to-IPO

Bullish Signals

Fund size up 75% to $3.5B signals strong LP conviction in AI thesisblog
Live positions in Anthropic, Harvey, Together AI generating real markupsblog
Two-fund structure enables KP to stay on cap table from seed to IPOblog
Portfolio spans seed (Glean) to growth (Waymo, Anthropic) — full lifecycle activeexternal
10+ GPs active across AI, deep-tech, consumer, enterprise verticalsexternal
Incubated Glean in KP offices — hands-on operator model confirmedexternal
Rippling Series A: largest early-stage KP check at timewebsite
Applied Intuition now valued at $15B — multi-stage conviction pays offwebsite
Nest: 20x return, 60%+ of fund from single betwebsite
Backed Stripe, Instacart, Handshake — consumer infra depth provenwebsite
New bets: Rogo, Saronic, Granola, Armadin, Parallel — active deploymentwebsite

Contrarian Signals

Mega-fund scale risks diluting selectivity that drove recent vintage performanceblog
US-centric deployment; international founders face structural disadvantageblog
Legacy brand-heavy; newer GPs less publicly profiledexternal
Waymo/Anthropic partnered 2025–2026 — late entry to marquee nameswebsite

Founder Do's

Apply AI natively to large regulated industries like healthcare, legal, or financial services
Target KP22 if pre-seed to Series A stage
Approach KP Select IV for Series B+ with proven AI-native growth
Leverage KP's LP network for enterprise distribution
Seek board-level engagement, not just a check

Founder Don'ts

Don't pitch if your AI angle is superficial or bolted-on
Don't approach KP Select IV without meaningful revenue and scale metrics
Don't expect a purely passive investor relationship

Key GPs & Partners

MH
Mamoon Hamid
Partner
ex-founderthesis-drivencommunity-builder
IF
Ilya Fushman
Partner
thesis-drivenmetrics-drivenopinionated
BM
Bucky Moore
Partner
thesis-driven
JC
Josh Coyne
Partner
consumer-fintechenterprise-software
LO
Lucas Oliveira
Partner
AI-focusedgrowth-stage
NC
Nadia Cochinwala
Partner
deep-techautonomy
AN
Aditya Naganath
Partner
enterprise-AI
JD
John Doerr
Partner
legendaryOKR-evangelistboard-active
BG
Bing Gordon
Partner
consumergamingcreative
BB
Brook Byers
Partner
biotech-pioneerlegacy

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Fund Overview

Fund Size$2.5B
Saves0

Key People

Kleiner Perkins

Mamoon HamidPartner
Ilya FushmanPartner
Bucky MoorePartner
Josh CoynePartner
Lucas OliveiraPartner
Nadia CochinwalaPartner
Aditya NaganathPartner
John DoerrPartner
Bing GordonPartner
Brook ByersPartner

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