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KnowBe4 raises $8 mln in Series A deal

KnowBe4 Inc. said it closed an $8 million Series A funding led by Elephant, a venture capital fund founded by Jeremiah Daly and Warby Parker co-founder Andy Hunt. The financing comes after KnowBe4 saw annual growth of more than 350% last year, the company said.

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ScaleArc raises $20 mln from Bain, Accel, Trinity, Nexus

ScaleArc said it raised $20 million in a Series C-1 round led by Bain Capital Ventures and joined by existing investors Accel Partners, Trinity Ventures, and Nexus Ventures. The new money will be used to fund company growth, which includes expanding staff and undertaking sales and marketing initiatives.