Khosla Ventures debuts first alternative fund – TechCrunch

Immediately, Khosla Ventures mentioned it raised over $550 million for its first Alternative Fund.

Samir Kaul, managing companion, Khosla Ventures. Picture Credit: Khosla Ventures

The brand new oversubscribed fund brings Khosla’s complete set of funds to only beneath $2 billion. Managing companion Samir Kaul advised TechCrunch that the fund provides the agency a chance to retain its professional rata and double down on earlier investments, together with Unimaginable Meals, Faire, Checkr, OpenTrons and Vectra AI, which he says have already benefited from the brand new fund.

“We wish to spend money on the complete lifecycle and this permits us to do this,” he added. “Each our buyers and CEOs have requested us for a strategy to put in extra money and likewise lead later rounds.”

The brand new fund comes a couple of months after Khosla closed its Fund VII, elevating $1.4 billion.

Its Alternative Fund is the most recent in a pattern of early-stage enterprise capital corporations desirous to get in on later rounds of their breakout portfolio corporations as they proceed maturing. We’ve seen corporations like Kaszek, Model One, Heartcore Capital, Chapter One, Costanoa Ventures and Sapphire Ventures, announce related funds over the previous yr.