IFund
IFund is a venture capital fund that was established to finance the development of applications, services, and components for the Apple iPhone, iPod Touch, and iPad. The fund was announced on March 6, 2008, and is managed by Kleiner Perkins Caufield & Byers (KPCB), a leading venture capital firm. The initial size of the fund was $100 million, but it was increased to $200 million in 2011 due to the success of the iPhone and iPad and the resulting demand for innovative applications.
History[edit | edit source]
The IFund was announced by KPCB partner John Doerr during an Apple event in March 2008. The fund was established to support the development of applications for the then newly launched App Store. The fund was initially sized at $100 million, but was doubled to $200 million in 2011 due to the success of the App Store and the increasing demand for innovative applications.
Investments[edit | edit source]
The IFund has invested in a number of successful companies and applications. Some of the notable investments include Zynga, the creator of popular games such as FarmVille and Words With Friends; Ngmoco, a mobile game developer that was later acquired by DeNA; and InMobi, a global mobile advertising platform.
Impact[edit | edit source]
The IFund has played a significant role in the development of the App Store ecosystem. The fund's investments have helped to foster innovation and have contributed to the success of the App Store. The IFund has also helped to establish the iPhone and iPad as leading platforms for mobile application development.
See also[edit | edit source]
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