Kleiner Perkins Caufield & Byers (KPCB), a U.S.-based top venture capital company, will invest RMB 600-750 million in China's green technology, announced the company yesterday. The investment accounts for 20% to 25% of the venture capital injected in KPCB China, which was established in April this year.

The move followed its tie-up with Generation Investment Management, a London-headquartered investment management firm, to fund green business, technology and policy solutions. KPCB China has already invested RMB 400 million in five environmental-friendly projects, covering wind power, environmental treatment, refuse treatment and degradable plastic.

KPCB, which has 35-year expertise in life sciences and information technology, involved in green technology initiatives since 1999. Its expenditure on green technology products and services has exceeded US$200 million (about RMB1.5 billion).

Under the agreement between KPCB and Generation, they will offer a multi-stage investment platform on a global scale by integrating both partners' presence through the world. The early stage consists of private investment with KCPB and public investment with Generation, while the later stage will entail private investment between the two partners.