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Khosla Ventures raising $1.1B fund

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

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 , which recently filed confidential paperwork for an IPO, grocery delivery service , and payments company .

Funding rounds

• DISCO brings in $60M for cloud computing: Legal technology company , based in Austin, raised $60 million in equity financing to give the company a $785 million valuation. The financing was led by , with participation from , and , as well as new investor .
• Cribl inks $35M for pipeline tools: , an observability pipeline company, closed on $35 million in Series B funding led by , with participation from . 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 announced a $23.2 million Series B round of funding from , and , 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: , a San Francisco-based company providing access to employment records, announced a $20 million Series A round of funding led by , with support from Bedrock, and existing investors.
• The Craftory leads $20M round for diaper service: , a Scottsdale, Arizona-based subscription diaper service, received a $20 million investment from , along with existing investor .
• Podium raises $12M: , 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 and .
• River raises $10.4M for content platform: , a New York-based content discovery platform, raised $10.4 million in seed and Series A funding from a group of investors including , , , , and .
• Acceldata closes on $8.5M for data analysis and AI: Data observability platform , based in Palo Alto, raised $8.5 million in Series A funding led by with participation from and .
• Twentyeight Health inks $5.1M for women’s health: Health technology company , based in New York, closed $5.1 million in seed funding to provide women’s sexual and reproductive health care. led the round.
• NeuraLegion raises $4.7M to automate application security: , 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 and included , and .
• Aumni investors extend Series A to $13M: A group of investors for , including , and , increased the Salt Lake City-based company’s Series A round to $13 million from the original $10 million round led by . Aumni is developing an automated analytics platform for the venture capital market.

M&A

• Stripe acquires Nigeria’s Paystack: Payment technology provider is acquiring , a Lagos, Nigeria-based startup that offers an API for merchants to integrate payments services into transactions, in a deal at around $200 million.
• OJO Labs acquires Digs: , an Austin-based platform for buying and selling homes, entered the fintech space with the acquisition of , 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 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.

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