Font foundry Monotype, a company specializing in digital typesetting and typeface design, has acquired Olapic, a startup that helps brands garner relevant photos and videos from social media users for marketing campaigns. Founded in the 1880s, Massachusetts-based Monotype, in all its various guises, has been a key player in the evolution of printing technology. It played a crucial part in the development of the first mechanical typesetter and also helped produce some of the most familiar fonts you see today, including Times New Roman and Arial. Olapic has a less illustrious history, but since its inception in 2010, the New York-based startup has nabbed more than $20 million in funding and has played a notable part in bringing user-generated content to marketers. So why would a font foundry acquire a company such as Olapic? According to a press release, it’s all part of Monotype’s mission to serve brands across two key areas — marketing and design.
I tried an app that lets you video chat with a doctor, and it was the best healthcare experience I've ever had
If you've ever suddenly come down with a deeply uncomfortable ailment like strep throat or a urinary-tract infection, you likely have two immediate thoughts: "I know exactly what this is and how I need to treat it," and, "How am I going to get in to see a doctor right away?" Enter Maven, a women's health app that connects you with doctors via video chat, allowing you to ask questions, get advice, and receive prescriptions.
The Muse raises $16 million to grow its recruitment service for millennials
The Muse, a job search website aimed at millennials, has raised a further $16 million as it looks to push out into more markets. Before today, the company had raised almost $13 million, so the latest funding takes its total investment to around the $29 million mark. The latest Series B round was led by Icon Ventures, with participation from current investors, including Aspect Ventures, DBL Partners, and QED Investors. Founded out of New York in 2011, The Muse serves up advice, resources to improve skills, and coaching services — in addition to helping match candidates with employers. The career-focused platform isn’t just about potential employees selling their services though — firms can also use the website to sell themselves by showcasing their company culture.
No PhD, "No Fear" - Alice Zhang, 27, Aims Software At Neuro Diseases
It’s impossible to sum up a person with a word, a sentence, or even a paragraph. We all contain multitudes. But if a picture of 27-year-old biotech CEO Alice Zhang could emerge from a single line, it might be her response when asked to describe her first time through the whirlwind of the annual J.P. Morgan healthcare conference in San Francisco. “I wasn’t super frazzled by the whole thing,” she said with a slight shrug.
eero inks $50 million funding deal with Menlo’s Opportunity Fund, plans to sell products at Best Buy
Just months after finally shipping its product to consumers, smart wireless routing system eero has pulled in a new $50 million in growth funding from Menlo Ventures, as the first investment from the Menlo Opportunity Fund. Existing investors First Round Capital, Shasta Ventures, Red Point Ventures, and Playground Global also added to this round.
EquipmentShare raises $5.5 million for peer-to-peer marketplace for heavy equipment
To grow its peer-to-peer marketplace for construction equipment, Columbia, Missouri-based EquipmentShare has raised $5.5 million in a venture funding round led by Romulus Capital. Earlier, the “Airbnb for construction” raised $2.1 million in seed funding and participated in the Y Combinator accelerator. EquipmentShare’s co-founders, brothers William and Jabbok Schlacks, drew inspiration for their business from the socialist commune where they grew up in rural Missouri. The commune’s leaders had them building and fixing things from a young age, and living there taught them incredible work ethics, they say.
Home WiFi Startup Eero Raises $50 Million, Heads to Best Buy
Eero, the maker of home Wi-Fi devices that use multiple access points to improve coverage, on Tuesday will announce that it has raised $50 million in new venture capital funding. It also will unveil a non-exclusive retail agreement with Best Buy BBY 5.11% , whereby Eero devices will be available at BestBuy.com next week and in more than 500 Best Buy bricks and mortar stores sometime this summer.
Zesty hires Nate Keller, Will Douillet to ramp up healthy corporate catering
Food delivery startup Zesty is rolling out its office catering service beyond San Francisco to locations throughout the Silicon Valley peninsula, and has brought on two food and hospitality executives to support its expansion. Joining Zesty as Director of Food is Nate Keller, formerly Executive Chef at Google who oversaw its growth from 400 to 400,000 meals served daily, and was the founding executive chef at Sprig. Also joining the startup as Director of Service and Hospitality is Will Douillet, the former Senior Director of Operations of Michael Mina’s restaurant group.
FlightCar Revamps Airport Car-Sharing Service after Major Shake Up
When FlightCar launched in 2013, the goal was simple: provide a way for people at airports to rent their vehicles to incoming travelers and make some money. In the next couple of years, the company appeared to progress, even overcoming regulatory issues. It expanded operations so that it was available in 12 airports around the U.S. and saw cars listed on its platform for more than 1.3 million days collectively.
The Era of Silicon Valley Giving Away Free Stuff Is Coming to an End
VANITY FAIR - Recently, a friend showed me his inbox. It was littered with e-mails from Lyft, one of the big players in the ride-hailing game, valued at $5.5 billion. “Your $50 credit expires soon,” read one email from January. A few weeks later, he got another notice from Lyft: “It’s time to activate your $50 ride credit.” Followed a month later with: “20 days left to use your $50.” The e-mail barrage continues to this day. “It’s insane how many times they’ve offered me $50 in credit,” my friend, a 22-year-old photographer, told me. He guesses that over the last few months he’s probably racked up $200 in free Lyft ride credits. “I used Lyft in Boston because Uber coverage was spotty and expensive in Boston, and even when I moved here I still got credit for my Boston account, plus credit for NYC.”
Test Flying The Icon A5, A Revolutionary New Plane For Amateur Pilots
Having been to numerous airplane launches, I can tell you with extreme confidence that it’s unusual for the CEO of an aviation company to show up to a press event in flip-flops. But for Kirk Hawkins, the 48-year-old CEO and founder of Icon Aircraft—who’s also a Stanford Business School-educated former Air Force F-16 pilot—flip-flops actually work. Especially when he’s flying the A5, Icon’s new $250,000 two-seater plane that also just happens to be one of the best maneuvering boats you’ve ever seen.
Troops Raises $2.6M for their Slackbot that Makes Sales Jobs Easier
Dan Reich and Scott Britton saw the work potential of bots a year ago, when they began building Troops, a startup they envision as eventually becoming your artificial intelligence assistant for work. Troops’ first product is a Slack bot that pulls CRM data from Salesforce when you give it commands. Salespeople, accounts people, and customer success people can get the information they need without logging into the Salesforce database and filling out fields. All they have to do is type commands into Slack, which many organizations are already using all day every day to communicate. Reich, Britton, and third co-founder Greg Ratner, are veterans of the New York tech industry with multiple $100+ million exits between them. Reich formerly co-founded Spinback, which was acquired by Buddy Media, where he stayed until Buddy Media was acquired for about $800 million by Salesforce. Britton was formerly part of SinglePlatform, a startup that was acquired by Constant Contact for $100 million. Ratner was previously Director of Technology at Deep Focus. Despite their varying backgrounds, all of them are true believers in the ability of chat bots to change the industry.