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Kleiner Perkins green tech vets close $350 million fund

G2VP's partners. Photo: G2VP

G2VP, a venture capital firm spun out of Kleiner Perkins and focused on green and sustainability-related tech, has closed $350 million in capital.

Why it matters: Kleiner Perkins’ investments in green tech were famously a bust, but according to partner Dave Mount, G2VP will focus on the areas that did deliver financial returns — applications of digital tech to sustainability and heavy industry. He cites agricultural data management company Farmers Edge and fleet management software provider Telogis as examples.