SHARE THIS ARTICLE Share Tweet Post Email Knock, a startup seeking to simplify the house-buying process by making it more like purchasing a car, raised $400 million in equity and debt as it seeks to double the number of U.S. markets it operates in. The company, which currently operates in five cities, uses cash to acquire homes on behalf of regular buyers, who agree to buy the property from Knock once they are able to sell their existing house. The model is similar to how car dealers let buyers trade-in old rides as part of the transaction, Chief Executive Officer Sean Black said in an interview.
Coca-Cola Joins A-Rod With Stake in Text-to-Pay Beverage Brand
Coca-Cola Co., facing shifting shopping habits that have roiled the food and beverage industry, is taking a minority stake in Iris Nova, the company behind a cashierless New York City store where customers pay for drinks via text message. Coke, now the startup’s largest investor, led a $15 million investment round that values Iris Nova at about $60 million. Iris Nova is the maker of Dirty Lemon, a line of upscale drinks, including a recently discontinued one made with CBD, that found traction with customers on Instagram before the company launched its first retail location in Manhattan this year.
Coca-Cola is leading a $15 million funding round in the trendy direct-to-consumer beverage startup behind Dirty Lemon
Coca-Cola's investment in Iris Nova comes at a time when the beverage industry giant is looking towards new categories and strategies for growth. In recent months, Coca-Cola has invested in sports brand BODYARMOR, purchased Australian kombucha maker Organic & Raw Trading Company, bought juice company Tropico, and invested in healthy beverage company Made Group. Coca-Cola also spent $5.1 billion to buy Costa Coffee, a coffee chain with almost 4,000 locations.
Bellhops Raises $31.4 Million To Make Moving Less Miserable
“Moving is an $18 billion industry that people loathe.” It’s a dire pronouncement, but Bellhops CEO Luke Marklin is almost unrelentingly positive. As of today, the moving services startup has expanded to 31 metro areas, maintained near perfect levels of customer feedback, and secured $51 million in venture funding (the latest round, a Series C led by Advance Venture Partners and announced today, brought on $31.4 million). “It’s a big industry with very little technology, and a big opportunity to disrupt,” he says. At its core, Bellhops is a matching service, connecting people looking to move with drivers and loading crews through a single interface. Users give their zip code, property details, and preferred dates to receive estimates and schedule the trip. They're then connected with the truck owner-operators
How Allbirds went from Silicon Valley fashion staple to a $1.4 billion sneaker start-up
Brett Jackson (an early investor and employee at Crocs), Brand Foundry Ventures' Andrew Mitchell, and Great Oaks general partner Henry McNamara were among the influential venture capitalists who spent the summer of 2016 showing off their new Allbirds on social media — and who now count themselves as investors in the shoe start-up.
How Two Young Entrepreneurs Used Relentless Marketing to Build Away Into A $700M Luggage Brand
Jen Rubio was rushing through the Zurich airport when her suitcase broke. She stuffed her clothes back inside and duct-taped the mess. Then she asked her 2,600 Facebook friends for advice on what suitcase to buy. No one had a good answer. Rubio was an early employee of Warby Parker, the company that upended eyeglass retailing by cutting out the middleman. “I started thinking, How do we do what Warby Parker did for glasses?” she says. “How do we take something really simple, and make people care about it?” If a direct-to-consumer business can displace opticians, surely it can displace luggage stores.
Comfy Shoes Helped Allbirds Become a $1.4 Billion Company, but It's Never Been Just About Shoes
If you started a company that was valued at $1.4 billion after just two years, you'd probably be pretty proud--of the valuation, your product, and yourself. Allbirds co-founders and co-CEOs Tim Brown and Joey Zwillinger are most proud of a piece of foam. It's not just any foam, of course. It's made from sugar cane, and as a result, it's carbon-negative--sugar cane actually sucks carbon from the air. It took two years, a partnership with Brazilian plastic manufacturer Braskem, multiple trips to São Paulo, and millions of dollars to create. Brown and Zwillinger call it "sweet foam." It was, in their minds, a huge deal, but they never meant for it to be a trade secret.
This Founder Raised $42M To Start A Digital Health App For Women
Friends told her stories of tragic miscarriages and infertility. Motherhood cast other friends out of the workplace because they couldn’t get the health services and support they needed. The American healthcare system was failing millennial women like her -- and she knew she could fix it. Kate Ryder is the founder of Maven Clinic, a New York telehealth startup that provides healthcare services to women, easily accessed using a mobile app, that has secured $42 million in venture funding. Its mission is to provide millennial women with personalized health information and access to quality healthcare from vetted professionals, without slowing down their busy lives. Maven also offers postpartum services to working moms like coaching, childcare guides and breast milk shipping.
At 24, Two Entrepreneurs Took On Cancer. At 32, They’re Worth Hundreds Of Millions
In 2008, when he was 23, Nat Turner was on a hike in North Carolina with his 6-year-old cousin, Brennan Simkins. Brennan’s legs got weak, and the weakness kept getting worse. He turned out to have a rare and deadly pediatric leukemia that kept coming back after treatment. When Brennan needed a second bone marrow transplant, several hospitals refused to do it and his family was losing hope—until they found a specialist who would help. Exasperated, Brennan’s father asked Turner: Why doesn’t one hospital know what others will do? Is there anyone collecting statistics?
Fetch Rewards Bags $8M After Shaking Up Its Grocery Rewards Model
Mobile app startup Fetch Rewards has scooped up $8 million in new venture funding to try and expand its grocery shopping rewards business. The Madison, WI-based company’s latest equity financing was disclosed in a document filed with the SEC this week. Fetch CEO and co-founder Wes Schroll couldn’t be immediately reached for comment Friday afternoon. Fetch has raised at least $24.1 million in equity funding to date, according to SEC filings. Its earlier backers include Loeb Enterprises and Great Oaks Venture Capital, both based in New York. Fetch last raised capital in September 2017: a $9.6 million funding round that marked one of Wisconsin’s largest startup investments last year.
2018 Totally Unbiased Gift Guide
We, at Great Oaks, are very lucky to partner with ambitious entrepreneurs reimagining products and experiences for consumers across many industries. In keeping with tradition, we put together a list of products & services that are among the most exciting consumer brands we’re lucky enough to work with! Check out the guide below and find a gift for everyone on your list! @allbirds @eaze @rumbleboxingnyc @away @prbutcher @hicolugo @geteero @interiordefine @sugarfina @materialkitchen @hungryroot
Affinity is on the 2019 Breakout List
“If you join a company, my general advice is to join a company on a breakout trajectory.” – Sam Altman, President at Y Combinator Breakout growth creates breakout opportunities. Investors know which companies are doing well. And candidates are making an even bigger bet – 100% of their working time on one company. Candidates deserve to know which companies are growing and which companies are stagnant. Because when you’re a candidate, you’re betting your career. Discover the companies you’ll want to apply to. Further your career. Find the company you deserve. Find your tribe. Efficiently find opportunities that are uniquely suited to you and what you want by reading the key takeaways. It’s bigger than before. Which means more companies that you may want to apply to.