VC firm announced its 16th . The Bay Area-based firm raised $1 billion to invest in both enterprise-focused and consumer-facing businesses. The last time Greylock raised a round of this size was in 2016.
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The firm hopes to bank on returns from portfolio companies expected to IPO soon. These include and . The latter is expected to go public later this week.
The firm plans to remain focused on seed and Series A investments, but will also be making growth-stage investments with the new fund, according to
Other Greylock investments include chat tool and social media business which are both valued at more than $1 billion. Greylock’s limited partners include organizations like Management Leadership for Tomorrow and institutions like Princeton University.
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