Khosla Ventures in Talks to Raise $5.5 Billion in New Funds

Khosla Ventures in Talks to Raise $5.5 Billion in New Funds Early OpenAI backer Khosla Ventures is discussing raising as much as $5.5 billion for its latest set of venture investment funds, a haul that would amount to its largest fundraising event in its two-decade history, according to people familiar with the matter. In its newest funds, Khosla Ventures would dedicate a majority of the capital to its core investment area: very young startups. The firm is considering raising around $1 billion for seed-stage startups and approximately $2 billion to venture — or early-stage — startups. The firm has discussed raising around $2.5 billion for its opportunity fund, which will back more mature startups, according to two people familiar with the matter. The size of each fund could still change as fundraising discussions continue, according to the people, who asked to be anonymous because the talks are private. The firm’s last set of funds was around a $4 billion fundraise last year, according to one of those people. A spokesperson for Khosla Ventures declined to comment.