Way back in March 2006 long before Microfinance was the hot sector for PE funds, Vinod Khosla had led a group of investors in committing US$2.5 million to SKS Microfinance of India. Now Khosla seems to have turned his attention onto new energy and technology companies.
Vinod Khosla raises USD 1 Billion for New Energy and Clean Technology Fund
Famed West Coast venture capitalist Vinod Khosla has raised more than $1 billion in two new energy and clean-tech funds.His Khosla Ventures III Fund has reached its $750 million target and will focus on early and mid-stage venture investments in cleantech and IT. The VC outfit is also aiming to raise $250 million for its first seed-stage fund, PEHub reports.
“Our goal is to assist entrepreneurs and we are honored to have been able to do so with a number of companies over the past five years,” Khosla said. “Over time, we hope to help companies scale to become large sustainable business.”