Crunchbase Daily: LegalZoom, Brandless, Gusto, Dreambox Learning, and Naked Labs

Brandless raises $240M for $3 groceries

Brandless, an online retailer of foods, beauty supplies and household goods that cost $3 each, has just just raised $240 million in a fresh funding round led by SoftBank and joined by existing investors. The jumbo round comes just a year after the San Francisco-based company launched its initial product lineup.

Naked Labs launches body scanner

Fitness tracking startup Naked Labs raised $14 million in a Series A round led by Founders Fund. The Silicon Valley company is also officially launching its 3D body scanner.

DocuSign buys SpringCM

DocuSign has digitally inked a deal to acquire SpringCM, a provider of document generation and contract lifecycle management software, for around $220 million in cash. Chicago-based SpringCM previously raised about $128M in venture funding.

Felicis closes $270M fund

Early stage tech VC Felicis Ventures has closed on $270 million for its sixth fund, its largest to date. The fundraise follows a big exit earlier this summer with the IPO of Dutch payments provider Adyen.

Tech IPOs fueled by rising ARR value

Tech IPOs are having a strong year after a multi-year period of slack volume. Data indicates that may be due largely to markets attaching higher value to annual recurring revenue.