Khosla Ventures related stories
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General Catalyst leads Series B round for FundboxSan Francisco-based Fundbox, a cash flow optimization tool for small businesses, has received $40 million in Series B funding. General Catalyst Partners led the round with participation from other investors that included Khosla Ventures, Shlomo Kramer, Blumberg Capital and NyCa Investment Partners. Also, Hemant Taneja of General Catalyst has been added to Fundbox's board of directors. In addition to the Series B financing, Fundbox has also received a new credit facility from Silicon Valley Bank and other unidentified institutions. No financial terms were disclosed.
- Digital cobbler Feetz snags $1.25 mln seed
Chattanooga, Tennessee-based digital cobbler Feetz has secured $1.25 million in seed funding. Khosla Ventures led the round with participation from other investors that included JumpFund and former Reebok CEO Uli Becker. In conjunction with the funding, Becker has been added to the Feetz board of directors.
- Andreessen Horowitz GP Srinivasan to work full-time at bitcoin startup
Balaji Srinivasan, a general partner at Andreessen Horowitz, will be working full-time at bitcoin startup 21 Inc, which he co-founded. Srinivasan made the announcement in a blog post on the venture firm's site. However, Srinivasan will remain part-time as a board partner at Andreessen Horowitz where he says he will continue to lead new investments, build the firm's software team and help entrepreneurs. According to Crunchbase, 21 has just raised https://www.crunchbase.com/organization/21e6 $116 million in funding. Investors in that round included Andreessen Horowitz, Peter Thiel, Qualcomm Ventures, Data Collective and Khosla Ventures. In December 2013, Marc Andressen announced on the http://blog.pmarca.com/2013/12/09/balaji-srinivasan/ firm's site that Srinivasan was joining the firm. To read the post about Srinivasan working full-time at 21, visit here http://a16z.com/2015/03/11/21/
VC-backed Square acquires Kili TechnologyU.S. mobile payments company Square has acquired Kili Technology, a Canadian provider of payment processing, security access control and authentication solutions. The transaction's value was not disclosed. Square, which opened an office in Kitchener-Waterloo, Ontario in 2014, said Kili will continue to operate from its office in Toronto. Based in San Francisco, Square is led by CEO Jack Dorsey, co-founder of Twitter. The company has raised a significant amount of venture capital since its founding in 2009. Its backers include Citi Ventures, GGV Capital, Khosla Ventures, Kleiner Perkins Caufield & Byers, Sapphire Ventures and Sequoia Capital.
Michigan re-launches co-investment program to battle feesAfter a six-year hiatus, the State of Michigan Retirement Systems is evaluating direct co-investments and secondary market opportunities to boost returns and bring down management fee costs, according to a March 5 investment report.
- HoneyBook raises $22 mln led by Norwest
HoneyBook, which provides event planning services for vendors, has raised $22 million in a Series B round of funding led by Norwest Venture Partners. Existing investors Aleph and Hillsven also participated. The San Francisco-based company has now raised $32 million in funding to date.
- GGV Capital and Khosla Ventures fund Opendoor
San Francisco-based Opendoor, an online home-selling service, has secured $20 million in funding. GGV Capital led the round with participation from Khosla Ventures. In conjunction with the funding, Glenn Solomon, a managing partner at GGV Capital, has been added to Opendoor's board of directors.
- Data Collective leads $15 mln round for Metamarkets
Metamarkets, a real-time analytics platform for the digital advertising space, has secured $15 million in funding. Data Collective led the round with participation from other investors that included Khosla Ventures, IA Ventures, True Ventures and Village Ventures.
- VC-backed semiconductor company Easic files for IPO
Santa Clara, California-based semiconductor company Easic Corp has filed for an IPO. The number of shares that will be sold as well as the stock's pricing terms have yet to be set. The company plans on listing the IPO on the NASDAQ under the ticker symbol "EASI." Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc will serve as the lead underwriters. Easic's backers include Khosla Ventures, Kleiner Perkins Caufield and Byers, Crescendo Ventures, Seagate Technology and Evergreen Partners.