Venture Capital: Khosla Ventures On Cusp Of Wrapping Up Massive $3B For Venture Funds

November 15, 2023 | News, Venture Capital

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.

Related Story:  OpenAI Looking For Investors At A Valuation Of $86B

Image by PublicDomainPictures from Pixabay

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…