Kleiner Perkins Caufield & Byers, a preeminent name in Silicon Valley, has faced some struggles over the past few years. However, the firm has weathered the storm and is now raising $1.3 billion across two funds. Read more here.
It's clear that ridesharing is here to stay, and huge corporations are beginning to invest in the booming market. General Motors recently partnered with Lyft, and Apple has invested $1 billion in China-based Didi Chuxing. Here are two more big names that just joined the party.
New England has seen a steep decline in both deal count and deal value over the past few quarters, and 2Q hasn't been any better. But amidst the downturn there are signs of hope. Check out the state of New England's VC industry.