- General
- October 15, 2020
- 4 minutes read
Khosla Ventures Seeks $1.1B Fund
Vinod Khosla, Founder, Khosla Ventures. Photo credit: Steve Jennings/Getty Images for TechCrunch, licensed for Creative Commons Khosla Ventures, the well-known…
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| Vinod Khosla, Founder, Khosla Ventures.
Photo credit: Steve Jennings/Getty Images for TechCrunch, licensed for Creative Commons
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Khosla Ventures, the well-known venture capital firm led by entrepreneur Vinod Khosla, has embarked on a fundraise of $1.1 billion for its latest fund, as indicated by documents filed with the US Securities and Exchanges Commission (SEC). Khosla Ventures is seeking to raise a new fund of $1.1 billion to invest in companies but doesn’t seem to have yet secured any commitments for the fund. Before now, Khosla Ventures is known to have raised over $5 billion in capital throughout its 16-years of existence.
Throughout his history, Khosla Ventures has backed numerous startups and scored big exits on a significant number of its investments, among them Cylance ($1.4 billion exit to BlackBerry), payments company Square, cancer screening company Guardant Health, and cloud computing company Nutanix. The Menlo Park-based venture capital firm is in line to score big wins this year as its portfolio companies Affirm, QuantumScape, and Opendoor are set for soon public listings. Also, Khosla Ventures currently holds lucrative stakes in a handful of highly-valued but still-private companies such as Instacart, DoorDash, Rubrik, Stripe, and Vox Media.
Khosla Ventures, named after its founder Vinod Khosla, was founded in 2004. Khosla co-founded the famed technology company Sun Microsystems before founding his eponymous venture capital company. Although he co-founded Sun Microsystems, he’s best-known as an investor given he left the company he helped found just two years into its inception, having initially left Sun to work for venture capital firm Kleiner Perkins, then known as Kleiner Perkins Caufield & Byers (KPCB), before branching out to launch his own venture capital firm.
As a prominent venture capital firm, Khosla Ventures has backed dozens of companies in the technology industry and made a good name for itself. The firm is apparently now seeking an additional $1.1 billion worth of funds to continue its streak.
