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.
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).
New hires at the firm include design expert Irene Au.
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 fun... All Khosla Ventures news »
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 lon... All Vinod Khosla news »