Khosla Ventures Acquisition Co. II announced private placement of 1,100,000 shares of Class A common stock at a price of $10 per share for gross proceeds of $11,000,000 and forward purchase for a private placement up to 1,000,000 forward purchase shares at $10.00 per share for gross proceeds of $10,000,000 for total gross proceeds of up to $21,000,000 on February 12, 2021. The transaction will include participation from returning investor Khosla Ventures SPAC Sponsor II LLC. The company will issue 1,220,000 shares if the underwriters’ option to purchase additional units is exercised in full. The shares are subject to a hold period until 30 days after the completion of initial business combination.