Mega VC firm Khosla Ventures is raising a new $400 million seed fund as it looks to enter the new year with gusto.
That’s according to an SEC filing showing that the organization, founded by Sun Microsystems co-founder Vinod Khosla in 2004, is offering but yet to sell the allocation for its new ‘Seed C’ fund.
Aside from its high-profile founder, the U.S. organization is known for being one of the most prominent investors in clean tech. Back in September Khosla told TechCrunch that he doesn’t like eggs (hence an invest in a company pioneering plant-based egg substitutes), but he is a big fan of machine learning and robotics.
Khosla Ventures has made over 300 investments in a range of companies that includes wearable camera startup Narrative, MemSQL, Instacart, Toytalk and others. The firm’s exits have included Storify (undisclosed to Livefyre), Rockmelt (undisclosed to Yahoo), Yammer ($1.2 billion to Microsoft) and GroupMe ($68 million to Skype).
Earlier this month, Tiger Global announced a whopping $2.5 billion in capital for investments, much of which is likely to filter through to India’s fast-growing startup ecosystem. We contacted Khosla Ventures to ask for more details of this fund (don’t hold your breath… “SEC regulations”) — it isn’t clear at this point how (and where) the firm intends to spend its loot once the round is filled.
Update: Khosla Ventures tells TechCrunch that it isn’t commenting on the filing.