Startups

A mapping startup based in Missoula, Mont., which allows users to download sophisticated offline topographic maps outlining public and private lands and a number of other features geared towards hunting, fishing and camping, has pulled in its first major outside funding. onXmaps has closed a $20.3 million Series A round led by Summit Partners. Bessemer Venture Partners,
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H-E-B has acquired Favor, the on-demand delivery service out of Texas. Favor will continue to operate as an independent wholly owned subsidiary of the grocery chain. The company first launched in 2013, bringing a Texas-tailored approach to on-demand delivery. While many on-demand services, such as Postmates, focus on high-density areas like NYC and San Francisco,
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There are many reasons startups fail. Unfortunately, we just didn’t have enough time and ran out of money. Unfortunately, the customers just didn’t care enough about our offering. Unfortunately, the channel just wasn’t economically efficient. Unfortunately, I had the wrong person running engineering (or marketing, sales, finance etc.). Unfortunately, we were screwed anyway so we
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MVPindex and Umbel, two companies delivering social media data to the sports and entertainment industries, are teaming up. The combined company will be led by MVPindex’s co-founders, with Stan Woodward serving as CEO, Shawn Spieth as president and chairman and Kyle Nelson as chief marketing officer. Umbel will be represented on the executive team as
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Uber lost $4.5 billion last year, but CEO Dara Khosrowshahi said he’s not worried. Speaking at the Goldman Sachs Technology and Internet Conference in San Francisco on Wednesday, the newly appointed chief defended the company’s financials, saying that “we can turn the knobs to get this business even on a full basis profitable, but you would sacrifice
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Varsity Tutors, the learning platform founded in 2011, today announced the close of a $50 million Series C funding round led by Learn Capital. The Chan Zuckerberg Initiative and existing investor TCV also participated in the round. Varsity Tutors started as an offline service, connecting the best tutors on campus with those who needed help
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Homebrew is announcing the close of its third fund. This time they’ve raised $90 million, an increase from $50 million in 2015 and $35 million for its debut fund in 2013. Led by Hunter Walk and Satya Patel, the seed-stage venture firm has spent the past five years investing in U.S.-based startups at the onset. Several of
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nOCD, an app created to help people treat obsessive-compulsive disorder, will launch an Android version and add more features after raising a $1 million seed round from early-stage healthcare investment firm 7wire Ventures. The free app guides patients through exposure and response prevention (ERP) exercises, a type of cognitive behavioral therapy that is especially effective
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You probably know Chamillionaire from the song “Ridin,’” but did you know the Grammy Award winner is also a successful startup investor? He has had several favorable outcomes, including Cruise, which sold to General Motors and Maker Studios, which was bought by Disney. Now he’s trying his hand at a startup of his own. If you’re
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Polymath announces rollout of security token issuance platform and distributes POLY tokens Polymath, the company bringing the multi-trillion dollar securities market to the blockchain, has announced its security token launch pad is now live. The platform, the world’s first, will be a tool that allows financial companies to create and issue their own tokenized securities.
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If the latest seed-funded startups have their way, this is what your future will look like. You’ll find your mortgage through a company named Morty, refill your contact lenses with Waldo and get your cannabis news from Herb. (Which is not to be confused with Bud, the startup that handles your banking.) Later, you can use Cake Technologies to pay the
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