Khosla Ventures starts to raise a new heavy-duty $1B fund (updated)

Vinod Khosla, onstage at VentureBeat's DataBeat conference.

Above: Vinod Khosla, onstage at VentureBeat's DataBeat conference.

Image Credit: Michael O'Donnell
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Updated at 4:30 p.m. Pacific to reflect that Khosla started to raise this fund; the firm did not close it.

Khosla Ventures has begun raising a very tall pile of money to invest in startups.

The company disclosed the new $1 billion fund it’s working on, Khosla Ventures V, L.P., in a filing today with the U.S. Securities and Exchange Commission.

The new fund would nearly match the $1 billion fund Khosla Ventures raised three years ago.

We asked multiple Khosla executives for comment and got no-comment responses.

Other firms that dole out money to early-stage startups have raised new funds in recent months, including Andreessen Horowitz, Index Ventures, and True Ventures.

Sun Microsystems co-founder Vinod Khosla started Khosla Ventures in 2004. Earlier, Khosla was an investor at Kleiner Perkins Caufield & Byers. Based in Menlo Park, Calif., Khosla Ventures invests in a wide variety of consumer- and enterprise-focused startups. According to its website, Khosla claims it has $3 billion under management (probably not including the latest fund).

Khosla Ventures’ recent investments include Ambri, Blue Jeans, Cylance, HackerRank, Idibon, and ThoughtSpot.

New hires at the firm include design expert Irene Au.

More information:

Khosla Ventures is a venture capital firm run by people who listen to, analyze, and advise entrepreneurs. We manage a main fund that supports early- and late-stage investments and a seed fund for developing very early-stage experiments... read more »

Vinod Khosla was a co-founder of Daisy Systems and founding Chief Executive Officer of Sun Microsystems, where he pioneered open systems and commercial RISC processors. Sun was funded by longtime friend and board member John Doerr of K... read more »

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