What is the iFund™?
The iFund™ is a $200 million venture capital investment initiative that is funding innovators developing applications, services, and components for Apple’s iPhone and iPod touch platform. Originally launched in March 2008 as a $100 million initiative, Kleiner Perkins Caufield & Byers (KPCB) announced in March 2010 that it has earmarked an additional $100 million for this initiative. It is managed by KPCB’s partners. Apple provides KPCB and iFund companies with market insight and support.