Allbirds co-founder Tim Brown came up with the idea for his shoe company after hanging up his soccer cleats. Everything Brown had worn as a pro athlete in New Zealand, where he played for the All Whites, featured logos. He wanted something simpler, made out of natural materials. So he decided to make his own shoes out of wool. "I got lots of pats on the head," Brown said, describing the initial response. "I got told to leave that to people that know what they're doing."
SmithRx Raises $9M for Bespoke Drug Benefits Platform
SmithRx, a San Francisco based technology company and Pharmacy Benefit Manager (PBM), today announced that it has secured $9 million in Series A funding. Founders Fund led the investment round with participation from Blumberg Capital, NextGen Venture Partners, Box Group, and others. The financing will support SmithRx as it scales and delivers a broad technology solution to change the way pharmacy benefits are managed.
Away Co-Founder on using Instagram to fuel Travel Brand Engagement
Announcing Vogue’s Editor-Designed Floral Arrangements With UrbanStems
VOGUE - Fashion’s floral fixation is age-old. Gabrielle Chanel was besotted by the pure white camellia; designer Paul Poiret carried out a long-term love affair with the rose. So, when the online flower delivery service UrbanStems teamed up with Vogue, it was an organic fit. The collaboration, which launches today, will rotate with eight seasonal collections offering arrangements as unique as their creators: Vogue editors.
Petal Raises $13 Million To Give Starter Credit Cards To Millennials
Petal, a financial technology upstart that aims to provide credit cards to young people and others who lack a credit history, has raised $13 million, it said on Wednesday. The Series A round was led by billionaire Peter Thiel's Valar Ventures. The funds will be used to roll out the credit card nationwide; it is currently only available via waitlist, where it has attracted some 40,000 people. Petal is among a new crop of companies that are roping in non-traditional data in their underwriting to approve millennials, immigrants and other consumers who are typically turned away from banks and lenders because of their limited credit histories.
Petal nabs $13M from Peter Thiel’s Valar Ventures to get credit cards to people without credit scores
Fledgling fintech startup Petal has raised $13 million in a series A round of funding led by Peter Thiel’s Valar Ventures. Other participatory investors include Third Prime Capital, RiverPark Ventures, The Social Entrepreneurs’ Fund, Brooklyn Bridge Ventures, Afore Capital, Rosecliff Ventures, Great Oaks Venture Capital, New Ground Ventures, Abstract Ventures, Ride Ventures, Story Ventures, and The Gramercy Fund.
Equinox bets on Rumble’s boxing theme
Equinox, believing boxing-inspired group fitness will become the next big thing, just picked up a “significant minority” stake in Rumble, a 12-month-old fitness company with a boxing mentality. Backed by Sylvester Stallone and Justin Bieber — and with a cult following that incudes Selena Gomez, Kendall Jenner, Hailey Baldwin, Jason Derulo, David Beckham and Kevin Hart, Rumble has two Manhattan locations with plans to quickly expand. With such a pedigree, the company was recently valued at about $80 million, according to a recent letter to investors.
Course Hero named "Best Educational App" for 2017
Course Hero, an online learning platform that empowers millions of students and educators to succeed, today announced that it has been recognized as "Best of 2017" in the 16th annual Mobile Star Awards™ program, hosted by the mobile events and news site MobileVillage.com. Course Hero is being honored as "Best of 2017" in the "Best Educational App" category. Winners in other "Best of 2017" app categories include AirBnB, EventBrite, Adobe Scan, and Overstock.
Wonderschool gets $2.1M to bring its early childhood programs to New York City
Wonderschool, a network of in-home daycare and preschools, plans to open 150 programs in New York City after raising $2.1 million in new funding. The capital comes from non-profit investment firm Omidyar Network, Be Curious Partners, Rethink Education, Edelweiss Partners and Learn Capital and brings the startup’s total raised so far to more than $4 million, including a seed round announced last summer. Headquartered in San Francisco, most of Wonderschool’s programs, or about 140, are in the Bay Area and Los Angeles. The startup already has 16 programs in New York City, which
Equinox, Owner of SoulCycle, Invests in Rumble
Equinox, the high-performance lifestyle leader and operator of Equinox Fitness Clubs, Blink Fitness, Pure Yoga, and SoulCycle, announced today a significant minority stake in Rumble, a boxing-inspired group fitness company based in NYC. Rumble opened its first location in January 2017 in New York City's Flatiron/Chelsea area, and its second location in NoHo followed this past summer. Rumble's 45 minute, 10 round, strength and conditioning class based on the sweet science of boxing has quickly become one of the most popular group fitness workouts in the city. Like Equinox and SoulCycle, Rumble has become a must-go destination for top names including Justin Bieber, Selena Gomez, Kendall Jenner, Hailey Baldwin, Jason Derulo, David Beckham, and Kevin Hart. "We believe that Rumble is the 'next big thing' and that we are uniquely positioned to help shepherd and expedite its growth," says Harvey Spevak, Executive Chairman and Managing Partner, Equinox.
CEO Steph Korey Wants To Make Away The World's Leading Travel Brand
Forbes 30Under30 Alumni - Stephanie Korey ran the supply chain at Warby Parker and Casper before launching high-end luggage startup Away with list alum Jen Rubio. They launched Away together in 2015 after identifying the opportunity to build a beloved, trusted brand and product for modern travelers.
High Tech, High Finance and High Times for U.S. Pot Industry
Prominent VC firms that have warmed to cannabis include Founders Fund, started by PayPal co-founder Peter Thiel, which has invested in Privateer Holdings. Prominent Silicon Valley VCs 500 Startups, DCM Ventures, along with New York-based Great Oaks Venture Capital, have all backed Eaze, a medical marijuana delivery app that allows patients to order cannabis on demand.