The new funds will target investments in “research-intensive” sectors.

Khosla Ventures is on track to raise $3 billion for its latest venture funds, demonstrating its confidence in the market despite challenges faced by startups. The firm, founded 19 years ago, plans to focus on research-intensive sectors such as nuclear fusion, humanoid robots, and artificial intelligence. Notably, it sees potential in less competitive markets to support startups revolutionizing industries like healthcare and transportation.

Khosla Ventures, known for backing OpenAI with a $50 million investment in 2019, aims to conclude its fundraise by year-end.

The new funds include a $500 million seed fund for early-stage startups, a $1.6 billion venture fund for those beyond the seed stage but still emerging, and a $900 million growth fund for larger startups. This strategy diverges from the trend of shrinking fund sizes seen in the market.

Vinod Khosla, the firm’s founder, believes in investing for the long term, stating that today’s investments may see liquidity in 2030. While some of Khosla’s riskier bets have faced market challenges, the firm remains optimistic due to its early entry into these ventures.

This move aligns with Khosla Ventures’ commitment to transformative and socially impactful investments, with a track record that Larry Cohen of Gates Ventures describes as “among the strongest” in venture capital funds. Despite recent market contractions, Khosla Ventures appears resilient, positioning itself to capitalize on substantial market opportunities.

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