The story
Founded by Vinod Khosla in 2004.1
The firm was founded in 2004 by Vinod Khosla, a former general partner of Kleiner Perkins. Khosla Ventures's first two investment vehicles were funded with his own personal capital and were not open to institutional investors.
Khosla Ventures Fund III secured $1 billion to invest in traditional early stage and growth stage companies. Khosla also raised $300 million for Khosla Seed, which would invest in higher-risk opportunities and science experiments. By 2013, the company was considered one of the top investors in clean technology and had invested in more than 70 companies in the sector. As of October 2015, Khosla Ventures was one of the five largest and most active investors in the space sector.
In September 2017, Khosla Ventures had about $5 billion in assets under management.
In October 2021, Khosla Ventures announced that it had raised $1.4 billion in funding to invest in early-to-late stage startups, breaking down to $400 million for seed deals and $1 billion for later-stage companies.
In January 2022, Khosla Ventures raised $557 million in its first opportunity fund.
The firm ranked first in the "Founder's Choice VC" list of more than 200 venture capital firms in 2023.
The firm closed $3.1 billion in new capital across three funds as of November 2023 including $1 billion for later-stage companies, $500 million for seed-stage companies and $1.6 billion for its eighth flagship fund. It was the largest fundraiser by a venture capital firm that year. Khosla Ventures stated that the funding would be used for nuclear fusion, humanoid robots and artificial intelligence to support industries such as healthcare and transportation.
In February 2024, Keith Rabois returned to the firm as a managing director. In October 2024, the firm raised a special purpose vehicle of $405 million to invest in OpenAI.
From Wikipedia’s article on Khosla Ventures, shared under CC BY-SA 4.0.5