Khosla Ventures related stories
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PE HUB First ReadTo start your morning, American Apparel is laying off hundreds of workers, billionaire Sean Parker is backing an unconventional $250 million consortium of more than 300 scientists to fight cancer and Ben Affleck is confirmed for a standalone Batman movie.
Affirm, Max Levchin's consumer lending startup, raises $100 million: ReutersSerial Silicon Valley entrepreneur Max Levchin has raised $100 million for his consumer lending startup Affirm, bucking the trend of falling valuations and slowing growth confronting other financial technology companies, Reuters News reported.
Fund performance: Asia Alternatives, Aisling, Insight lead late-decade venture portfolioSeveral funds already are posting good, early returns in a Calpers portfolio that is heavy with multi-stage, late-decade funds
- Datera emerges from stealth, announces $40 mln in funding
Mountain View, California-based Datera, which provides enterprise storage solutions, emerged from stealth and announced it has raised $40 million in funding from Khosla Ventures, Samsung Ventures and individual investors Andy Bechtolsheim and Pradeep Sindhu. The trio of Marc Fleischmann, Nicholas Bellinger and Claudio Fleiner, who previously created the Linux I/O storage stack, co-founded the company in 2013.
- CrossChx raises $15 mln
CrossChx said April 6 that it raised a $15 million Series C financing round. Participants include Silicon Valley Bank, Khosla Ventures, Drive Capital, NCT Ventures and Moonshots Capital. Columbus, Ohio-based CrossChx provides a patient sign-in system called Queue.
VC investment slowdown: an important test for equity crowdfundingThe ongoing success of equity crowdfunding sites must rely on syndicates as the 'killer app' to survive
- Hewlett Packard leads $73.5 mln Series C funding in Mesosphere
Hewlett Packard Enterprise led a $73.5 million Series C funding in Mesosphere, which provides a datacenter operating system. Other investors in the funding round include Microsoft, which joined as a strategic investor. Previous Mesosphere investors Andreessen Horowitz, Khosla Ventures, and Fuel Capital, as well as new investors A Capital and Triangle Peak Partners, participated in the funding. Mesosphere has raised almost $126 million to date.
Fund performance: Late vintage venture portfolio generating mixed results for California investorFunds from Column Group and OrbiMed are off to good starts, while those from Khosla and Cannann aren’t distinguishing themselves from the pack
- Avametric racks up $10.5 mln for virtual fitting room
Avametric, which is developing a software platform to recreate the fitting room experience virtually, raised $10.5 million, which includes a recent Series A funding round led by Khosla Ventures. Keith Rabois, partner at Khosla, and Ivy Ross, vice president and head of project Aura at Google, joined the company's board. Khosla led Avametric's seed funding round, which included participation from Y-Combinator, among others.
- VC-backed Zenefits announces layoffs, other changes
Venture capital-backed Zenefits, a human resources startup based in San Francisco, announced layoffs and other changes in a letter https://www.zenefits.com/blog/a-letter-to-zenefits-customers/ posted on its website. Written by Chief Executive David Sacks, the letter said Zenefits has implemented new licensing controls, expanded its compliance team, and reduced the size of its sales team. Zenefits has raised money from Andreessen Horowitz, TPG Growth, Founders Fund, Khosla Ventures, Insight Venture Partner and others.