KPCB’s Digital Growth Fund (DGF) was established in 2010 as a US$1 billion initiative intended for later-stage digital investments. The fund provides growth capital for hard-charging companies with proven market momentum and helps Internet entrepreneurs build businesses that continue to evolve and scale.
Recent DGF investments include Square and Twitter. The fund has also backed a growing set of companies outside the United States, including China-based online retailer 360Buy.com; digital music service Spotify, headquartered in the United Kingdom; and Turkish fashion e-commerce startup Trendyol.com.
KPCB’s Mary Meeker manages the DGF in collaboration with other KPCB partners on the Digital team. An accomplished and prominent technology analyst, Mary took many high-profile web companies public during her tenure at Morgan Stanley.