Menlo Park, Calif. – Venture capital firm Kleiner Perkins
Caufield & Byers is securing a small stake in Facebook by investing $38
million at a $52 billion valuation of the company, Dow Jones’ VentureWire
reported, citing prospective investors in the deal.
The firm has reportedly
closed on "at least half" of the deal sum, which once completed would
give Kleiner Perkins less than a 1% stake in Facebook.
The funds will come from
Kleiner Perkins’ $750 million digital growth fund, which has also invested in
Twitter, Zynga and Groupon.