iFund Supports New iPhone iPod Apps

KPCB's iFund is a $100M investment initiative that will fund market-changing ideas and products that extend the new iPhone and iPod touch platform. The iFund is agnostic to size and stage of investment and will invest in companies building applications, services and components.

Focus areas include location based services, social networking, mCommerce (including advertising and payments), communication, and entertainment. The iFund will back innovators pursuing transformative, high-impact ideas with an eye towards building independent durable companies atop the iPhone / iPod touch platform.

Companies seeking funding from the fund can apply online.

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