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.
eero inks $50 million funding deal with Menlo’s Opportunity Fund, plans to sell products at Best Buy
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.
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.
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.
UrbanStems Raises $6.8 Million
UrbanStems, the on-demand flower delivery service, announced today the close of a $6.8m Series A funding round led by SWaN & Legend Venture Partners with investments from Middleland Capital, NextGen Venture Partners, Interplay Ventures, and Sagamore Ventures. The new funding will allow UrbanStems to accelerate growth in New York City and Washington, D.C. and to expand to other major cities in the US, starting with Philadelphia and Baltimore.
Drync will power eBay’s wine marketplace
EBay has chosen Drync of Somerville to power eBay Wine, an entirely new marketplace. This week, the e-commerce giant launched a Web page dedicated to selling all things wine. From Cru Beaujolais to vintage Bordeux to space-age decanters, eBay is using Drync to help it source over 10,000 varieties of wine that can be delivered to 45 states. (Better luck next time New Hampshire
Augmedix nabs $17M to ‘rehumanize’ doctor/patient relations using Google Glass
Google Glass is no longer being marketed to consumers, but its enterprise business continues to pick up pace, and today one of the more promising companies developing medical services using Google’s connected eyewear is announcing a significant investment in its technology, which aims to “rehumanise the interaction” between doctors and patients by pulling physicians’ faces away from their computer screens, according to its CEO.
For This Fintech Upstart, Small Is Beautiful