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Khosla Ventures seeks $1.1 billion for its latest fund – TechCrunch

Khosla Ventures, the eponymous enterprise agency helmed by longtime Silicon Valley rainmaker, Vinod Khosla, is elevating  $1.1 billion for its newest enterprise fund, according to documents from the Securities and Exchange Commission.

The submitting was first spotted by Ari Levy over at CNBC.

Khosla, whose investing profession started at Kleiner Perkins Caufield & Byers (again when it was nonetheless referred to as Kleiner Perkins Caufield & Byers) is rightly well-known for a lot of bets on enterprise software program corporations and was a richly rewarded co-founder of Sun Microsystems earlier than venturing into the world of enterprise capital.

Like his former accomplice, John Doerr, Khosla additionally went all-in on renewable power and sustainability each at Kleiner Perkins after which later at his personal fund, which he reportedly launched with a number of a whole bunch of hundreds of thousands of {dollars} from his private fortune.

Over time Khosla Ventures has positioned bets and scored huge wins throughout a variety of industries together with cybersecurity (with the over $1 billion acquisition of portfolio firm Cylance), sustainability (with the Local weather Corp. acquisition), and healthcare (via the general public providing of Editas).

And the present portfolio must also have some huge exits with a roster that features: the unicorn lending firm, Affirm; the nuclear fusion expertise developer, Commonwealth Fusion Methods (possibly not a winner, however so so so cool); supply firm, DoorDash; the meat substitute maker, Unimaginable Meals; grocery supply service, Instacart; safety expertise developer, Okta; the medical insurance supplier, Oscar; and the cost corporations Sq. and Stripe .

That’s fairly a string of unicorn (and would-be unicorn) investments. And it speaks to the breadth of the agency’s pursuits that run the gamut from healthcare to fintech to sustainability and the way forward for meals.

Khosla will probably profit from the surge of curiosity in investments that adhere to new environmental, social duty and company governance requirements.

There are billions of dollars that are looking for a home that can invest along those criteria, and for the final 16 years or so, that’s precisely what Khosla Ventures has been doing.

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Jonathan Shieber