iFund Gets $200 Million VC Funding For iPhone App Developers

According to Reuters, Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers is going to double the size of its fund for iPhone application developers. The firm is seeing a great potential in Apple’s iPad and so trying to make most of it!

The iFund is now $200 million, and was originally launched in 2008 with a total of $100 million, which is now committed to 14 app development companies. Those companies have also raked in an additional $330 million from other investors, Kleiner Perkins reported.