Forbes reports that ace Silicon Valley venture capitalist Vinod Khosla is raising two new funds worth an aggregate $1 billion. One is a $250 million seed fund and the other, $750 million, is for later stage investments — read the report here. The report doesn’t say much about what exactly the two funds will invest in but, clean technology, which has been Khosla’s passion for most of this decade, is likely to be a big focus.
Khosla has been investing in startups from his own capital pool through Khosla Ventures for the last few years. In India, one of his early bets was SKS Microfinance, in which he led Small Industries Development Bank of India and others to invest Rs 11 crore ($2.5 million) in 2006. Khosla Ventures has a wide range in terms of investment ticket sizes (investment per company) from $100,000 to $20 million (or more) and particularly likes companies in the mobile, alternative energy and bio-refineries spaces. That should be a pretty good indicator of what Khosla’s new funds are going to invest in. No doubt that India will be on his radar. Read the full story
