The Crunchbase News Briefing: Thu., Oct. 15

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Khosla Ventures raising $1.1B fund

Venture capital firm Khosla Ventures is seeking to raise $1.1 billion for a seventh flagship fund, according to a securities filing.

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.

Funding rounds

  • 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.

New funds

  • 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

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