Vinod Khosla likes to be early. His firm was the first outside investor in OpenAI, back when that was a strange thing to be. Now Khosla Ventures is raising money to do it again, at a scale it has never tried.
The firm is in talks to gather as much as $5.5bn across a new set of funds, Bloomberg reported. People familiar with the private talks described the plans. That would be its largest raise in two decades. Its last set of funds, closed a year ago, came to around $4bn.
Most of the money would go where Khosla likes it: early. The plan floats about $1bn for seed-stage startups and roughly $2bn for slightly older ones. A further $2.5bn would form an “opportunity” fund for more mature companies.
Those are the ones now raising sums that once sounded absurd. A spokesperson declined to comment, and the figures could still move.
The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!The number is big, but the pattern is the story. Firms that got into OpenAI or Anthropic early are now raising the biggest funds of their lives. Paper gains have emboldened them, and they are racing to repeat the trick.
