Khosla Ventures Raises $1.05 Billion in Series D funding
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Khosla Ventures Raises $1.05 Billion in Series D funding
Fremont: California-based venture capital firm has raised $1.05 billion in Series D of funding. The venture capital firm, backed by investor Vinod Khosla, plans to invest a large portion of the fund in clean technology. The raised fund will be used in the clean-technology enterprises, even though the investments in that sector have cooled down. In the past, Khosla Ventures has raised $1 billion, in order to invest in early-, mid-, and later-stage firms, and a seed fund of $300 million to invest in early-stage startups. Khosla did Bachelor's in Electrical Engineering from the Indian Institute of Technolofy, New Delhi and got his Master's in Bio-medical engineering at Carneige-Mellon University. He got his MBA at the Stanford University in 1980. He was the co-founder of Daisy Systems, the first significant computer-aided design system, and also the standards-based Sun Microsystem in 1982. He joined Kleiner Perkins in 1986, and still continues to be a partner through KP X. he is a charter member for TiE. Khosla Ventures, founded in 2004, is a venture capital firm, which namages a main fund supporting early and late-stage investors and seed funding for developing very early-stage experiments. They focus on next-generation energy projests, new materials, mobility, Internet, and silicon technologies. Khosla Ventures' cleantech portfolio covers: agriculture, utility scale generation, distributed generation, electrical efficiency, mechanical efficiency, batteries, cellulosic alcohol, building materials, plastics and chemicals, and others. Their information technology portfolio covers: semiconductors, cloud, devices, services, advertising, social media, systems and services.