By Silicon Valley / San Jose Business Journal

Venture capital firm Khosla Ventures said Thursday it has raised a new $1.05 billion fund.

The Menlo Park-based firm's Khosla Ventures IV fund is expected to make early stage investments in the cleantech, IT, mobile, and Internet technology areas.

⿿We have identified the 'Clean Dozen' companies in cleantech that can achieve unsubsidized market competitiveness and the 'Cool Dozen' categories in Internet and mobile in the post-PC world such as big data, emotion, interest graphs and consumer health,⿝ said Khosla Ventures founder Vinod Khosla in a prepared statement.

The company's previous Khosla Ventures III fund has $1 billion in investor commitments focused on traditional early stage and growth stage companies.

The firm also previously raised $300 million for a seed fund that invests in high-risk, high-return opportunities.

Click here to read the press release from Khosla Ventures.

Written by Lisa Sibley. She can be reached at 408.299.1830 or

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