Financial Times FT.com

KPCB boosts clean-tech investments

By Kevin Allison in San Francisco and Fiona Harvey in,London

Published: May 1 2008 03:00 | Last updated: May 1 2008 03:00

One of Silicon Valley's leading venture capital firms has more than tripled the amount of money it has set aside for investment in clean technology companies.

The move by Kleiner Perkins Caufield & Byers, whose successful investments include Google, Genentech and other successful IT and life-sciences companies, comes as venture capitalists are seeking to expand their involvement in an industry that some believe could emerge as a new growth engine for Silicon Valley.

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