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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
FinanceVenture Capital

Exclusive: Kleiner Perkins raises $1.2 billion

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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July 2, 2014, 11:44 AM ET
<h1>Mary Meeker</h1>
<strong>General partner</strong>

<strong>Kleiner Perkins Caufield &amp; Byers</strong>

Few tech pundits command as much attention as Meeker, who Fortune commended in 2006 for her sharp ability to spot big picture trends "before they come into focus." When she presents her annual Internet Trends report, it is a veritable industry event. This year proved no different, as Meeker unleashed a wealth of data, from worldwide video and photo sharing to China's surge in tech adoption and e-commerce sales.
<h1>Mary Meeker</h1> <strong>General partner</strong> <strong>Kleiner Perkins Caufield &amp; Byers</strong> Few tech pundits command as much attention as Meeker, who Fortune commended in 2006 for her sharp ability to spot big picture trends "before they come into focus." When she presents her annual Internet Trends report, it is a veritable industry event. This year proved no different, as Meeker unleashed a wealth of data, from worldwide video and photo sharing to China's surge in tech adoption and e-commerce sales.

Venerable venture capital firm Kleiner Perkins Caufield & Byers has raised $1.2 billion for a pair of new funds, Fortune has learned from LP sources.

The first $450 million is for KPCB’s sixteenth flagship early-stage investment  fund (its last one was $525 million), while the other $750 million is for its second digital growth fund (the first one was $1 billion). Fortune previously reported on the fundraising plans back in April.

KPCB has not yet held a formal close for the vehicles, both of which were oversubscribed. Expect a public announcement once paperwork is wrapped up within the next couple of weeks.

These are KPCB’s first fundraising efforts since reorganizing senior management last fall, particularly when it comes to early-stage investing activities.

A firm spokeswoman declined to comment.

Recent Kleiner Perkins investments include rounds for MCube (MEMS motion sensors), Proterra (electric buses), Puppet Labs (IT automation software) and Uber (on-demand ride service).

Sign up for Dan Primack’s daily email newsletter on deals and deal-makers: GetTermSheet.com

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