Bond Capital was founded in September 2018 when Mary Meeker, the analyst famous for her annual Internet Trends reports, left Kleiner Perkins amid an internal leadership dispute, taking fellow growth-practice partners Mood Rowghani, Noah Knauf, and Juliet de Baubigny with her. The firm applies Meeker's research-driven, data-first investment discipline exclusively to late-stage growth equity, leading large rounds for mature, category-defining technology companies rather than early-stage bets. That approach made Canva Bond's very first investment in May 2019 and remains its signature holding, a $70 million check that helped fuel the design platform's growth to a $42 billion valuation, alongside more recent bets on Applied Intuition, Checkr, and AI voice company ElevenLabs. Bond has raised three funds since founding - $1.25 billion, $2 billion, and $2.5 billion - reaching $5.9 billion in AUM across 176 investments and 51 unicorns.
No confirmed public exit yet for Bond's own portfolio - the firm's clearest proof point remains Canva, backed since 2019 at a $70 million investment and now valued at $42 billion while still privately held