Khosla Ventures raises $1 billion for renewables, cleantech
September 3, 2009
Written by Editor, in Uncategorized
Vinod Khosla
According to Reuters, “Khosla Ventures said on Tuesday it had raised more than $1 billion for renewable energy and clean technology funds, a sign that skittish investors are hot for climate-change-related projects.
The news marked the largest clean technology-dedicated raise by a single venture capital firm since 2007 and was also the first time Khosla Ventures, founded in 2004 by Sun Microsystems Inc founder Vinod Khosla, has raised funds from outside investors.
Previously the venture capital firm had invested hundreds of millions of dollars on behalf of its partners, including Khosla himself, who was not available for comment.
Menlo Park, California-based Khosla Ventures is among the most active early stage investors in renewables and other alternative energy technologies. Khosla himself was an early backer of biofuels.”
