Khosla Venture raises $1 Billion in fourth round of funding
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Santa Clara: Khosla Venture, a U.S.-based venture capital firm of Vinod Khosla, raises $1 billion in its fourth round of funding. This is the first time since its foundation in 2004, that Khosla Venture raised fund from outside investors. The fund will be utilized for cleantech startups including biofuel, energy storage and clean power companies. The firm is among the most active early stage investors in renewable and other alternative energy technologies. The investors include the California Public Employees' Retirement System (Calpers), which is a U.S. public pension fund. The new funds include $250 million Khosla Ventures Seed Fund, which focuses on high-risk projects that often have difficulty securing capital and Khosla Ventures III which targets at early and mid-stage firms and aims to raise $750 million. Some of the clean technology firms in which Khosla Ventures' made investment includes solar thermal company Ausra, geothermal company AltaRock and biofuels makers Mascoma, Coskata, Range Fuels and Verenium.

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