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Khosla ventures raises $1.1 B for cleantech, IT startups

Those of you following Silicon Valley’s Khosla Ventures will have read last week that founder Vinod Khosla has succeeded in raising $1.1 billion for early-stage investments in cleantech and information technology startups. The money has been split into two funds: an $800 million fund for large initial investments ($5-15 million), and a $275 million fund for smaller seed investments ($2 million) in what Khosla describes as “science experiments.”

For more on this fund, read our earlier coverage of Khosla Ventures.