Vinod Khosla Raises $1.05 Billion for New Fund

Vinod Khosla has closed a new $1.05 billion fund for Khosla Ventures. Khosla plans on using the money to invest in mobile and clean tech.

It is a tough time to be raising money, but Vinod Khosla has had no such trouble. Khosla is an experienced veteran. He founded Sun Microsystems and was a partner at Kleiner Perkins before going off to fund his own VC shop, Khosla Ventures. 

This is Khosla Venture’s fourth fund — Khosla Fund IV. Khosla says he plans on using the money to invest in mobile and clean atech. This is the same strategy that he has used in the past, and so far it has worked out exceptionally well. Khosla Ventures has produced over $1 billion in profits to date.  So why fix what’s not broken?

Vinod Khosla, who is an investor in the CrunchFund, declined to comment.