Silicon Valley venture capital company Khosla Ventures has raised $1.05 billion for its new fund. The Khosla Ventures IV fund will support early-stage clean-tech, IT, mobile and Internet technology firms. The company had previously floated the Khosla Ventures III and Khosla Ventures seed funds. The new fund follows successful initial public offerings by three biofuels and biochemical portfolio companies. The $300 million seed fund allocates to high-risk, high-return opportunities, particularly groundbreaking science or Internet developments, besides traditional venture investments. The company was founded by Vinod Khosla in 2004.
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