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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