Vinod Khosla, the Indian-born American venture capitalist and an influential personality in Silicon Valley, is looking to raise $1.05 billion USD for his firm Khosla Ventures according to a filing submitted today. Started in 2004, Mr. Khosla’s Menlo Park, CA-based firm focuses on venture investments in various technology sectors, particularly in clean technology. The funds Khosla Ventures already manages, Khosla Ventures III and Khosla Seed, have well over a $1 billion USD of investor capital as well as investments funded by Mr. Khosla himself.
Khosla Ventures III, which has secured $1 billion USD of investor commitments, focuses specifically on [green] technology risks that are scalable to very large markets; more specifically, the fund invests in bio-refineries for energy and bio-plastics, solar, wind, battery, engines, LED, HVAC efficiency and other environmentally clean technology. The other fund, Khosla Seed, invests in higher-risk opportunities and science experiments and has raised $300 million. In May of last year, Khosla Ventures announced that former British Prime Minister Tony Blair would be joining the firm to provide strategic advice regarding investments in green technology focused on the environment.
Khosla Ventures Clean Technology Portfolio Includes Eco-Motors and TerraPower
In the past couple years, the co-founder and former chief executive of Sun Microsystems which was acquired by Oracle for $7.4 billion, has aggressively financed a number of clean technology companies including Soraa, which designs technology for energy efficient products, and Eco-Motors, a green technology manufacturer of automotive engines. Last year, Mr. Khosla joined Bill Gates, the founder of Microsoft, by investing in clean technology companies Eco-Motors and TerraPower which design nuclear reactors.
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