Kpcb China
Institutional venture firm, based in Shanghai, reporting $359M of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
26 additional team members, 37 additional co-investors and affiliates, 8 events, 45 verified contacts (44 professional url, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 7 dealswith Andreessen Horowitz
Invests most often alongside Andreessen Horowitz (7 shared deals) and Sequoia Capital (7 shared deals).
pair last observed on record 1 Oct 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
People to know
View all people- Managing MemberWhy: Named with investment responsibilityProfile
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
52 connected entities13 observed rounds7 repeat counterpartiesrounds 2009 to 2020
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Kpcb China: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Kpcb China
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
49 companies on record, 10 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Ionic Security | Form D equity offering | unknown · board | Ted Schlein (strongly supported) | $441,031 form d sold | unknown | Jul 1, 2020 | Inference Form D |
| Chegg | Form D equity offering | unknown · board | Ted Schlein (strongly supported) | $2.4M form d sold | unknown | May 21, 2012 | Inference Form D |
| Reputation.com, Inc | Form D equity offering | unknown · board | Ted Schlein (strongly supported) | $41.0M form d sold | unknown | Aug 9, 2011 | Inference Form D |
Stated thesis versus observed behaviour
- Sectors
- ai, enterprise software, fintech, healthcare, biotech, consumer, energy, hardware, space, devtools, logistics, industrial
- Stages
- seed, series a, series b, early
- Geography
- global, globally, michigan, seattle, silicon valley, united states, worldwide
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Team
30 current, 11 departed
Decision makers
- Ilya Fushman · Managing MemberWhy this person: Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01LinkedIn or profile link on file (firm website, their bio on the firm's website), confirmed 2026-10-01, confidence 90%
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Member
- Managing Member
- Managing Member
6 departed (kept with end dates)
- Raymond J. Lane · Managing Member · Feb 1, 2004 to Apr 1, 2013 Inference
- WEN Hsuan Hsieh · Managing Member · Mar 1, 2020 to Mar 31, 2023 Inference
- William B. Gordon · Managing Member · Nov 1, 2010 to Apr 1, 2013 Inference
Contacts
1 firm phone, 44 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
2 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Kpcb China Fund, L.P. | Fund | unknown | Unknown | $334M Mar 31, 2026 | 73 | unknown | unknown |
| Kpcb China Founders Fund, L.P. | Fund | unknown | Unknown | $24.5M Mar 31, 2026 | 11 | unknown | unknown |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| John D & Catherine T Macarthur Foundation | FOUNDATION | KPCB CHINA FUND, L.P. at Kpcb China | $1.9M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
100 co-investors · on 2 other DFX graphs
Co-investors
- 2026-10-017 shared deals · strong · they led 1 · this firm led 1
- 2026-10-017 shared deals · strong · they led 1 · this firm led 1
- 2020-07-017 shared deals · strong
Compare portfolios with Andreessen Horowitz, Sequoia Capital, Techoperators, LLC or any firm. Co-investors across the market
Across DFX and the capital chainon 2 other DFX graphs · 1 capital path ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Kpcb China is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Kpcb China sits on 1 traced path of capital across the graphs.
DFX traced 1 path of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
13 dated events, 58 observations from 3 sources
Timeline
- Mar 31, 2023WEN Hsuan Hsieh (Managing Member) no longer on Schedule A of Kpcb China
- Mar 31, 2023
- Mar 31, 2023
- Mar 1, 2020Ilya Fushman joined Schedule A of Kpcb China as Managing Member
- Mar 1, 2020WEN Hsuan Hsieh joined Schedule A of Kpcb China as Managing Member
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 2 private fundsShowHide
Website description: Kleiner Perkins is an American venture capital firm headquartered on Sand Hill Road in Menlo Park in Silicon Valley.
- Headquarters
- Shanghai, Chinaadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- KPCB.COM/CHINA
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $359Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Howardstong Group Limited (Shareholder), owns 50% to 75%; Kleiner Perkins Caufield & Byers (Shareholder), owns under 5%
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $359M across 2 vehicles
- Sep 15, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $447M across 2 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 70%)Venture manager with no reported fund assets yet (scale unknown)
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| SEC exemption claimed | Venture capital fund adviser | Mar 29, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 29, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Mar 31, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Mar 29, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-29 | Mar 29, 2024 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 29, 2024 | Fact | Form ADV |
| Business phone | Mar 29, 2024 | Fact | Form ADV | |
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 13, 2026 | Fact | ||
| Headquarters | Mar 29, 2024 | Fact | Form ADV | |
| Office address | Mar 29, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 30, 2026 | Fact | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 13, 2026 | Fact | |
| Legal form | Corporation | Mar 29, 2024 | Fact | Form ADV |
| Private funds reported | 2 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 2 | Mar 29, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $359M | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $447M | Mar 29, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 25, 2026 | Fact | Form ADV |
| Stated geography | Global, globally, michigan, seattle, silicon valley, united states, worldwide “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | Global, globally, michigan, seattle, silicon valley, united states, worldwide “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Global, globally, michigan, seattle, silicon valley, united states, worldwide “geography words on the home page” | Sep 13, 2026 | Fact | |
| Stated sectors | AI, enterprise software, fintech, healthcare, biotech, consumer, energy, hardware, space, devtools, logistics, industrial “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | AI, enterprise software, fintech, healthcare, biotech, consumer, energy, hardware, space, devtools, logistics, industrial “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, enterprise software, fintech, healthcare, biotech, consumer, energy, hardware, space, devtools, logistics, industrial “sector words on the home page” | Sep 13, 2026 | Fact | |
| Stated stages | Seed, series a, series b, early “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Seed, series a, series b, early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Seed, series a, series b, early “stage words on the home page” | Sep 13, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 13, 2026 | Fact | ||
| Venture funds reported | 2 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 2 | Mar 29, 2024 | Fact | Form ADV |
| Website | Mar 29, 2024 | Fact | Form ADV | |
| Website resolved domain | kleinerperkins.com | Sep 30, 2026 | Fact | |
| Website resolved domain | kleinerperkins.com | Sep 16, 2026 | Fact | |
| Website resolved domain | kleinerperkins.com | Sep 14, 2026 | Fact | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 13, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmed · 2 filing advisers share this firmShowHide
Venture manager, reported GAV $359M across 2 vehicles
One of 2 advisers that share kpcb.com; the firm is Kleiner Perkins. Kleiner Perkins. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
- importance
- gav: 0.47 · funds: 0.17 · people: 0.64 · investments: 0.41 · co investors: 0
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
- emerging manager
- fund count: 2 · reported gav: $359M · first adv filing: 2012-03-29 · years since first filing: 14.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Grouped with firm2026-09-14
- Adviser's first ADV filing2012-03-29source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
Not yet on record: latest vintage.