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Cleantech's Daddy Warbucks: Khosla raises new $1.05B fund

Cleantech's Daddy Warbucks: Khosla raises new $1.05B fund

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Silicon Valley VC Khosla Ventures has raised a new $1.05 fund -- and half of it will go towards cleantech.

Venture capitalist Vinod Khosla may have just clinched the cleantech Daddy Warbucks title. Silicon Valley VC firm Khosla Ventures announced Thursday that it's raised a new $1.05 billion fund. And half of it will go to cleantech startups.

The Khosla Ventures IV fund follows the Khosla III, which raised $1 billion for traditional early stage and growth stage companies. The VC firm raised $300 million for its seed fund which invests in high-risk, high-return companies with a bent towards groundbreaking science or Internet developments.

This latest fund will go towards early stage investments in cleantech, IT, mobile and Internet technology. The company has identified a dozen cleantech companies that can achieve unsubsidized market competitiveness, Khosla said in a release. The fund also will invest in a "cool dozen" categories in Internet and mobile in the post-PC worlds such as big data, emotion, interest graphs and consumer health, he said.

No word on the stealth hamburger company that he talked about last month.


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Kirsten Korosec

Contributing Editor

Kirsten Korosec has written for Technology Review, Marketing News, The Hill, BNET and Bloomberg News. She holds a degree from Northwestern University's Medill School of Journalism. She is based in Tucson, Arizona. Follow her on Twitter. Disclosure