Khosla Ventures raises another $1B fund


Khosla Ventures has raised another very tall pile of money to invest in startups.

The company disclosed the new $1 billion fund, named Khosla Ventures V, L.P., in a filing Friday with the U.S. Securities and Exchange Commission.

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

In May the feisty VC released a lengthy prediction of the future of healthcare, you can read it here. You can speculate increased investment into healthcare based on the timing of his statement and the announcement of this new fund.

The new fund nearly matches the $1 billion fund Khosla Ventures raised three years ago. Half of this fund was used for clean-tech investments.

Other firms that dole out money to early-stage startups have raised new funds in recent months, including Andreessen HorowitzIndex 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 AmbriBlue JeansCylanceHackerRankIdibon, and ThoughtSpot.

New hires at the firm include design expert Irene Au.

This article originally appeared on VentureBeat