iFund

iFund is a US$200 million venture capital fund based in the United States, managed by Kleiner, Perkins, Caufield & Byers (KPCB), primarily investing in applications, services, and components for Apple's iPhone, iPod Touch, and iPad platforms. This dedicated fund seeks to identify and support promising startups that enhance the functionality and user experience across Apple's mobile devices globally. Its strategic investments have included well-known mobile innovators such as Shazam, a pioneer in audio recognition technology, the mobile game developer Ngmoco, and the social networking application Path. The fund's objective is to foster innovation and expand the utility of the iOS ecosystem by backing companies with strong growth potential. iFund was officially launched on March 6, 2008, with its announcement made by KPCB partner John Doerr during Apple's iPhone Roadmap event.