US venture capital major Khosla Ventures is reportedly ready to hit the fundraising trail for a new fund targeting about $1bn.
Khosla is yet to officially launch Fund V according to peHub, which cited three LPs with knowledge of the fundraise.
The firm closed its last vehicle, Khosla Venture IV, on $1.05bn in 2011, with 50 per cent of it allocated to clean technology.
That followed its first institutional investor fund, pulled in $1bn of commitments in 2009. The firm’s first two vehicles were not open to outside investors, instead relying on the personal wealth of founder Vinod Khosla, pictured.
Vinod Khosla previously founded Sun Microsystems and was a general partner at fellow venture capital firm Kleiner Perkins Caufield & Byers.
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