Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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Khosla Ventures raising $1.1B fund
Founded in 2004, the Silicon Valley-based firm is known for investing across a mix of sectors, including enterprise software, health, cleantech and AI.
The firm has invested in a number of companies currently in the unicorn club, including installment loan provider Affirm, which recently filed confidential paperwork for an IPO, grocery delivery service Instacart, and payments company Stripe.
- DISCO brings in $60M for cloud computing: Legal technology company DISCO, based in Austin, raised $60 million in equity financing to give the company a $785 million valuation. The financing was led by Georgian Partners, with participation from Bessemer Venture Partners, LiveOak Venture Partners and The Stephens Group, as well as new investor Breyer Capital.
- Cribl inks $35M for pipeline tools: Cribl, an observability pipeline company, closed on $35 million in Series B funding led by Sequoia Capital, with participation from Charles River Ventures. It also unveiled Cribl LogStream, a tool addressing the influx of machine data and proliferation of new data stores for machine data. Including the new capital, San Francisco-based Cribl has raised $46 million in total.
- FOSSA secures $23.2M for open-source security management: San Francisco-based FOSSA announced a $23.2 million Series B round of funding from Bain Capital Ventures, Canvas Ventures and Costanoa Ventures, bringing its total amount of funding to $35 million. The company also expanded farther into the European region and launched a new security management tool to identify, control and remediate open-source vulnerabilities without slowing down software delivery.
- Argyle secures $20M to make employment data accessible: Argyle, a San Francisco-based company providing access to employment records, announced a $20 million Series A round of funding led by Bain Capital, with support from Bedrock, F-Prime and existing investors.
- The Craftory leads $20M round for diaper service: DYPER, a Scottsdale, Arizona-based subscription diaper service, received a $20 million investment from The Craftory, along with existing investor HCAP.
- Podium raises $12M: Podium Education, an Austin-based company helping colleges and universities add in-demand tech skills to undergraduate majors, announced a $12 million Series A funding round led by Sid Krommenhoek and Zander Rafael.
- River raises $10.4M for content platform: River, a New York-based content discovery platform, raised $10.4 million in seed and Series A funding from a group of investors including Founders Fund, .406 Ventures, Box Group, Scooter Braun, Josh Kushner and Raised in Space.
- Acceldata closes on $8.5M for data analysis and AI: Data observability platform Acceldata, based in Palo Alto, raised $8.5 million in Series A funding led by Sorenson Ventures with participation from Lightspeed and Emergent Ventures.
- Twentyeight Health inks $5.1M for women’s health: Health technology company Twentyeight Health, based in New York, closed $5.1 million in seed funding to provide women’s sexual and reproductive health care. Third Prime led the round.
- NeuraLegion raises $4.7M to automate application security: NeuraLegion, a San Francisco-based application security platform, announced $4.7 million in seed funding to launch a free developer-focused application security testing tool. The round was led by DNX Ventures and included Fusion Fund, J-Ventures and Incubate Fund.
- Aumni investors extend Series A to $13M: A group of investors for Aumni, including Orrick, Donnelley Financial Solutions and DLA Piper, increased the Salt Lake City-based company’s Series A round to $13 million from the original $10 million round led by SVB Capital. Aumni is developing an automated analytics platform for the venture capital market.
- Stripe acquires Nigeria’s Paystack: Payment technology provider Stripe is acquiring Paystack, a Lagos, Nigeria-based startup that offers an API for merchants to integrate payments services into transactions, in a deal reportedly valued at around $200 million.
- OJO Labs acquires Digs: OJO Labs, an Austin-based platform for buying and selling homes, entered the fintech space with the acquisition of Digs, a Chicago-based personal finance platform, for an undisclosed amount. The move provides OJO Labs’ customers with financial guidance and resources depending on what stage they are at in the homebuying process.
- Menlo Ventures raises $500M fund: Startup investor Menlo Ventures has raised $500 million for its fifteenth early-stage fund. The Silicon Valley firm invests across sectors, and the new fund will span consumer, enterprise, frontier tech and health care.
Illustration: Dom Guzman