- Meeker’s Bond Is a growth-stage firm.
- Bond appears to have used its first fund to invest in roughly 20 companies.
- It also led the newest round for portfolio company Ironclad.
- Bond led a Series D round of at least $100 million for the company.
Bond is a growth-stage firm that spun out of Kleiner Perkins Digital Growth Fund in late 2018. It is closing a second fund with $2 billion, suggests a new SEC filing. It says the amount has not yet been raised. Although investment firms sometimes file their paperwork at the final stages of their fundraising. Axios was the first to flag the paperwork. Earlier today, we reached out to the firm — which closed its debut fund with $1.25 billion in 2019 — and are awaiting more information. But that Bond would be raising almost twice as much capital for its second vehicle is unsurprising for numerous reasons.
For one, thing, the outfit, spearheaded by famed former investment banker Mary Meeker, has been adding to its investing roster. The outfit exclusively featured Kleiner alums at the outset. It includes Mood Rowghani, Noah Knauf, Juliet de Baubigny, Daegwon Chae, and Paul Vronsky. The firm brought aboard Jay Simons to lead its global enterprise practice late last year.
Bond Closes $2 Billion Funding.
Bond is a growth-stage agency that spun out of the Kleiner Perkins Digital Progress Fund in late 2018. It is closing a second fund with $2 billion, which suggests a brand new SEC submitting. It claims the quantity has not but been raised. One in every of Bond’s portfolio firms, for instance, Nextdoor, was finally valued by personal buyers at $2.2 billion again in 2019. The corporate has raised $470 million altogether. It started contemplating choices to go public a number of months in the past at a valuation within the vary of $4 billion to $5 billion.
Altogether, Bond seems to have used its first fund to put money into roughly 20 firms. Amongst its latest bets is Locus Robotics, an almost seven-year-old, Wilmington. Ma.-based firm that makes autonomous cellular robots for warehouses and that introduced $150 million in Collection E funding at a post-money valuation of $1 billion final months co-led by Tiger International Administration and roster
Investment banker Mary Meeker has been adding an investing roster.
For one, thing, the outfit, spearheaded by famed former investment banker Mary Meeker, has been adding to its investing roster. Though the outfit exclusively featured Kleiner alums at the outset, including Mood Rowghani, Noah Knauf, Juliet de Baubigny, Daegwon Chae, and Paul Vronksky, Bond brought aboard Jay Simons to lead its global enterprise practice late last year.
Simons knows a thing or two about scaling a business as the former president of Atlassian, the maker of business development and collaboration software that went public in 2015 at a $4.3 billion valuation and now boasts a market cap of nearly $57 billion.
Bond’s team has also backed the kinds of brands that institutional investors like to see in a portfolio, with growth-stage bets while at Kleiner that include Slack, Uber, Snap, and Waze, and current stakes through Bond in some other big and growing businesses around the world.