Right this moment, Khosla Ventures mentioned it raised over $550 million for its first Alternative Fund.
The brand new oversubscribed fund brings Khosla’s complete set of funds to simply beneath $2 billion. Managing accomplice Samir Kaul advised FiratNews that the fund offers the agency a chance to retain its professional rata and double down on earlier investments, together with Inconceivable Meals, Faire, Checkr, OpenTrons and Vectra AI, which he says have already benefited from the brand new fund.
“We wish to spend money on your entire lifecycle and this permits us to do this,” he added. “Each our buyers and CEOs have requested us for a option to put in extra money and in addition lead later rounds.”
The brand new fund comes just a few months after Khosla closed its Fund VII, elevating $1.4 billion.
Its Alternative Fund is the newest in a development of early-stage enterprise capital companies desirous to get in on later rounds of their breakout portfolio firms as they proceed maturing. We’ve seen companies like Kaszek, Model One, Heartcore Capital, Chapter One, Costanoa Ventures, Sapphire Ventures, announce related funds over the previous 12 months.