Kleiner Perkins Caufield & Byers (KPCB) is a major Sand Hill Road venture capital firm, one of the most widely known in Silicon Valley.
BY MONICA LANGLEY
A venture-capital giant is leading a group of investors buying a stake in Square Inc. that pegs the start-up's value at more than $1 billion, even as it scrambles to fend off larger rivals in the fledgling marketplace for mobile-device payments.
The $100 million investment in Square by a group led by Kleiner Perkins Caufield & Byers, to be announced as early as Wednesday, quadruples the value of an eight-month-old company facing competitive pressure from Google Inc., Intuit Inc. and eBay Inc.'s PayPal.
At stake are billions of dollars in the rapidly evolving payments industry, as well as the credibility
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From Venture Beat: It’s official. Jack Dorsey’s Square has joined the billion dollar valuation club. The mobile payments startup closed a $100 million series C led by Kleiner Perkins, a story we broke a few weeks ago. The new round values Square above $1 billion.
Square
