# KPCB China

KPCB China is an Asset Manager based in Shanghai, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **LinkedIn:** https://www.linkedin.com/company/kleiner-perkins

## Regulatory record

- **CRD number:** 161470
- **SEC file number:** 802-75570
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/161470

## About

KPCB China is an exempt reporting adviser in Shanghai, established in 2012.

## Sectors

- Venture Capital
- Technology
- Enterprise Software
- Consumer Internet
- Mobile

## Questions

### Did KPCB China operate with a separate fund from the parent?

Yes. KPCB China raised its own fund in 2008, with commitments from Kleiner Perkins and external LPs. The fund structure was ring-fenced, meaning losses or gains were contained within the China vehicle and did not directly affect KPCB's US funds (per The Wall Street Journal, 2011).

### What happened to KPCB China?

By 2018, KPCB China had largely wound down its operations. The firm did not raise a successor fund after its 2008 vehicle expired. Several partners left to form new firms or join other Chinese venture funds. The parent Kleiner Perkins refocused on US and later European investments (per Bloomberg, 2018).

### Did KPCB China lead rounds or follow alongside other investors?

In its early portfolio companies, KPCB China often led Series A and B rounds, taking board seats. For example, it led a $15M investment in Dianping in 2011 (per TechCrunch, 2011). Later, as the fund matured, it participated in co-investments with Sequoia China and Qiming Venture Partners.

### How large was KPCB China's fund?

The exact fund size was not publicly disclosed, but reports indicate it was approximately $360 million (per The Wall Street Journal, 2011). This was raised in 2008 and invested over a roughly six-year period.

## Related profiles

- [FCP](https://altss.com/profile/fcp)
- [Pabrai Investment Funds](https://altss.com/profile/pabrai-investment-funds)

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Last updated: 2026-08-14T12:30:00.000Z

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