Demandware founder Stephen Schambach has moved on to his next startup and investors are betting $50 million. NewStore, an enterprise platform for mobile commerce, has raised a Series B from Activant Capital, General Catalyst and Schambach’s own money. The company previously raised $40 million since 2015, but just launched the business late last year. While Magento, Shopify and others… Read More
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It’s already been a year of multiple high profile ransomware attacks and now cybersecurity startup Corelight has bagged a $9.2 million Series A round, led by Accel Partners. Read More
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After years of research and development, Reach Robotics has closed a $7.5 million Series A, co-led by Korea Investment Partners (KiP) and IGlobe, to bring its augmented reality bots to market in a big way. The Bristol-based startup is looking to expand into the U.S. and the team is exploring opportunities for growth into other European and Asian markets. Reach Robotics first product,… Read More
from TechCrunch
Headset-based VR and AR may be a bit slower out of the gates than many had hoped, but investors are still pouring money into startups looking to change how consumers interact with the digital world. Leap Motion, a hand-tracking company based in San Francisco, has raised $50 million in Series C funding. The startup has raised nearly $95 million to date. Read More
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Since going public last month, things have not gone particularly well for Blue Apron thanks to the specter of Amazon and its $13.7 billion acquisition bid for Whole Foods. The bad news, again, continues to roll in as what may have been a competitor in theory now seems more and more like an existential threat. Blue Apron’s shares are down another 10% today, continuing a streak of mistrust… Read More
from TechCrunch
Party City, the party goods supplier and retail chain, has taken a minority stake in digital invitations platform Punchbowl, the companies announced today. The deal sees Punchbowl’s technology now being used to power an online invitation platform on Party City’s e-commerce site, opening up Punchbowl to an influx of new customers. While the official announcement didn’t… Read More
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WaveOptics, a UK startup that builds waveguide-based optics — technology based on hologram physics and photonic crystals — for augmented reality hardware, has raised $16 million (£12 million) to help build the next phase of its business. The Series B round of funding — which comes from previous investors Octopus Ventures, Touchstone Innovations plc and Robert Bosch… Read More
from TechCrunch
Broadly, the venture capital industry is thriving. But still, too often, women seeking funding are left out of the boom because of hidden biases, sexism and a general unawareness. Because of this — and recent reports of incredibly low-brow behavior among high-profile investors — it is more important than ever to understand where women founders stand when fundraising. Read More
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AdQuick is looking to make billboard advertising easier and more transparent. AdQuick founder Matthew O’Connor said he ran into the billboard ad world repeatedly while working at startups, including Instacart. Each time, he found himself “perplexed at why it’s so hard to find and buy outdoor advertising.” Read More
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theMednet launched out of Y Combinator earlier this year to bring physicians a sophisticated platform for finding the best in treatment research, starting with cancer. It has now raised $1.5 million in seed to help it reach even more of those physicians. The funding comes from Endure Capital, Lumia Capital, The Hope Foundation, the Bonnie J. Adario Lung Cancer Foundation and a bunch of… Read More
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