BOND

About

BOND is a global technology investment firm founded in late 2018 as a spinout of the Kleiner Perkins Digital Growth Fund ¹². The firm was launched by Mary Meeker, who had previously managed Morgan Stanley’s global technology research practice and co-led Kleiner Perkins’ Digital Growth Fund ³. BOND is headquartered in San Francisco, California ⁴.

The firm raised $1.25 billion for its debut fund (Fund I) in April 2019 ¹, $2 billion for Fund II in March 2021 ², and $2.5 billion for Fund III in April 2022 ⁵, bringing total committed capital to approximately $5.75 billion across three funds. Meeker also continues to co-lead three Kleiner Perkins Digital Growth Funds totaling $2.8 billion in committed capital ³.

BOND operates with a small, senior-heavy partnership of seven general partners: Mary Meeker, Mood Rowghani, Noah Knauf, Juliet de Baubigny, Daegwon Chae, Jay Simons, and Paul Vronsky ⁶. Jay Simons, former president of Atlassian, was brought aboard to lead the firm’s global enterprise practice ⁶. Daegwon Chae leads investments in companies that use technology to modernize large, operationally complex industries like logistics, home improvement, and agriculture ⁷.

As of early 2026, BOND has invested in approximately 130 companies over seven years, with 51 unicorns in its portfolio ⁸. BOND describes itself as supporting “visionary founders throughout their entire life cycle of innovation & growth” ⁴.

BOND’s first investment was a participation in Canva’s $70 million funding round in May 2019, which valued the Australian design platform at $2.5 billion ⁹.

Stated Thesis

(Self-reported: These represent what BOND says publicly about its approach. See Inferred Thesis for analysis of actual investment behavior.)

BOND publicly positions itself as a research-driven growth investor. The firm combines Mary Meeker’s famous multi-hundred-page macro research reports (the “Internet Trends” reports, first published in 1995, and more recently AI/tech trends reports) with late-stage investing ³⁶.

The firm describes its approach as focusing on companies that have already proven product-market fit and helping them “architect global expansion and IPO readiness” ⁶. BOND positions itself as both a macro research house and a capital provider for category-defining internet and software businesses ⁶.

BOND’s stated check size ranges from $100K to $25M ⁶. The firm describes its focus sectors as SaaS, fintech, AI, consumer, and enterprise ⁶.

Mary Meeker has stated regarding Canva: “The Canva team are building their platform around three trends — content, community and commerce” ⁹.

Inferred Thesis

Based on 16 verified current portfolio companies from BOND’s website ³ and additional sources. Sample size is modest relative to the firm’s 130 total investments.

Stage distribution: BOND is primarily a late-stage investor, majoring in Series C and Series D rounds ⁸. The firm’s check size range of $100K-$25M ⁶ suggests flexibility but with a growth-stage center of gravity.

Sector breakdown (based on 16 verified portfolio companies): The portfolio spans enterprise software (Applied Intuition, Intercom, Ironclad, Sentry — 4 of 16, 25%), consumer platforms (Canva, Hipcamp, Nextdoor, Outschool — 4 of 16, 25%), fintech (Plaid, Block/Square — 2 of 16, 13%), AI/deep tech (OpenEvidence, ElevenLabs — 2 of 16, 13%), workforce/HR (Multiverse, Seso, Checkr — 3 of 16, 19%), and marketplace/commerce (Material Bank — 1 of 16, 6%) ³.

Geographic patterns: Portfolio companies are predominantly US-based, with notable exceptions including Canva (Australia) and Multiverse (UK) ³.

Prior investments (via Kleiner Perkins Digital Growth Fund): Meeker’s track record from Kleiner Perkins includes Airbnb, DocuSign, Instacart, Meta, Pinterest, Ring, Snap, Spotify, and Waze ³, demonstrating a strong orientation toward consumer-facing technology platforms that benefit from network effects.

Founder profile patterns: The portfolio skews toward companies with strong product-market fit in large addressable markets, consistent with BOND’s stated growth-stage focus.

Notable gap: Despite describing itself as focused on “SaaS, Fintech, AI, Consumer, Enterprise” ⁶, the current portfolio shows more consumer and workforce/HR companies than a pure enterprise SaaS thesis would suggest.

Portfolio

This table represents approximately 14% of BOND’s 130 total investments ⁸. Many investments lack publicly confirmed investment years. Prior investments made through Kleiner Perkins Digital Growth Fund (including Airbnb, DocuSign, Instacart, Meta, Pinterest, Snap, Spotify) are not included as they predate BOND’s formation.

In Their Own Words

Mary Meeker on Canva: “The Canva team are building their platform around three trends — content, community and commerce” ⁹.

BOND describes its mission as supporting “visionary founders throughout their entire life cycle of innovation & growth” ⁴.

The firm positions its approach as combining “multi-hundred-page macro research” with “senior operator partnerships” to “scale proven product-market-fit companies for global expansion and IPO readiness” ⁶.

What Founders Say

No independently sourced founder testimonials found. BOND’s website does not feature public founder testimonials, and dedicated searches for portfolio founder quotes about their experience with BOND did not yield results.

Sources