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Some details of new fund have emerged.

Meeker in September she was leaving, a firm she helped lead. All we knew at that time was that the new firm would likely be a later-stage investment practice, the most lucrative segment of the venture market right now.

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Yesterday, Axios鈥檚 Dan Primack that Meeker and her growth equity team are calling the new firm Bond with a target of raising $1.25 billion with a $1.5 billion hard cap.

The news is particularly exciting because as TechCrunch鈥檚 Kate Clark notes, Meeker is 鈥渢o be the first woman to raise a $1 billion-plus VC fund.鈥�

Meeker, who also became well-known for her internet trend reports, hasn鈥檛 been laying low since the September announcement. Just last month, we wrote about how she led a $250 million Series C round in payments infrastructure provider on behalf of Kleiner Perkins. The deal valued Plaid at $2.65 billion, post-money, according to 聽and was聽reportedly her last as a partner with the firm before she begins raising funds for Bond.

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