Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Nextdoor, a social networking company designed for neighborhoods, announced a $110 million funding round last night. The new money, which comes from Redpoint Ventures and Insight Venture Partners, gives the company a reported $1.1 billion valuation.
Farfetch picks up $86M at a $1B valuation
Farfetch, an e-commerce site specializing in boutique fashion clothing, has raised an $86 million Series E round that values the company at more than $1 billion. The round was led by Yuri Milner’s investment fund, DST Global, with participation from Conde Nast International and Vitruvian Partners. This puts the company’s total money raised at $195 million. Farfetch is based in London.
SpeedInvest raises a $65M fund — the largest in Austria
SpeedInvest, an early-stage VC firm based in Austria, has raised its second fund. Totaling $65M, it is the largest ever fund for an Austrian VC, the firm says. One of the ways SpeedInvest seeks to stand out: It places members of the fund in full-time operational roles in its portfolio companies, giving them the ability to contribute “sweat equity” as well as cash. Also, notably, the fund doesn’t charge carried interest (a percentage of the profits on any returns normally charged by VC investors), so it makes money only on the profitability of its investments. Previously focused on Central Europe, SpeedInvest is expanding its ambitions to extend to all Europe.
These days, big companies have data stuck in lots of places, making it hard to come up with insights that can bring meaningful results. A startup called Alation wants to make all that corporate data more accessible, and today the startup is announcing a new $9 million funding round.
Costanoa Venture Capital and Data Collective led the new round. Andreessen Horowitz, Bloomberg Beta, and General Catalyst Partners also participated.
This list will be updated with breaking funding news all day. Check back for more.