Kleiner Perkins says its 25 iFund companies will make $250m in 2011 | Mobile Entertainment

Kleiner Perkins says its 25 iFund companies will make $250m in 2011

Kleiner Perkins says its 25 iFund companies will make $250m in 2011
Stuart Dredge

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General / June 24th 2011 at 11:43AM

VC firm also claims the startups will generate 300m downloads and attract 150m monthly active users.

US venture capital firm Kleiner Perkins Caufield & Byers has published some stats on its portfolio of iFund companies - mobile startups who have taken investment from the company's iOS-focused iFund, which ws launched three years ago.

Overall, 25 startups have taken iFund investment, of which seven are still in stealth mode. The other 18 include familiar names like Shazam, ngmoco, Booyah, InMobi, CoolIris, Shopkick, Flipboard and Path.

KPCB says that its startups generated 100 million mobile downloads in 2010, and anticipates this rising to 300 million this year. They have more than 150 million monthly active users, and are expected to generate $250 million of mobile revenues in 2011.

The company has filtered 5,000 business plans to identify the 25 startups that have received investment so far, and has launched a separate sFund for social games and applications startups.

The stats - published to celebrate the iFund's third anniversary - came as KPCB announced the latest startup to take funding. Worksmart Labs makes Android fitness apps, and has already notched up six million downloads according to TechCrunch.