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Jan 9, 2023 - Economy

Khosla Ventures raising nearly $3 billion for new funds

headshot
Vinod Khosla

Photographer: David Paul Morris/Bloomberg via Getty Images.

Khosla Ventures is raising nearly $3 billion for new funds, according to regulatory filings.

The big picture: U.S. venture capital firms continue to raise huge amounts of cash, even as the broader tech sector has shrunk.

  • U.S. venture capital firms raised $162.2 billion for new funds last year, which was an all-time record. The actual number of new funds was down from 2021, however, reflecting how dollars are being consolidated by larger firms.
  • Venture investment levels fell in 2022, suggesting the firms plan to slow their fund cycles.

Details: Khosla Ventures plans to raise $1.5 billion for its eighth flagship fund, $1 billion for its second opportunities fund and $400 million for its latest seed fund.

  • The firm was founded in 2004 by Vinoid Khosla, the co-founder of Sun Microsystems who subsequently served as a partner with VC firm Kleiner Perkins.
  • Portfolio companies have included Affirm, DoorDash, Instacart and Okta.
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