Acorns Grow Inc. is banking on the idea that tiny investments are the future of Wall Street. To prove that point, the latest financial-technology upstart installed as its chief executive an ex-disc jockey turned marketing guru who has never worked in wealth management
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.
MemSQL raises $36M Series C round for its in-memory database platform
PayPal leads $30 Million Round in Acorns Investing App
Acorns, the investing app, is announcing a $30 million strategic investment from PayPal, with participation from the Rakuten FinTech Fund. This brings the team’s total funding to $62 million. With 850,000 investment accounts, Acorns works by rounding up purchases and investing the remainder. In other words, if you buy a latte for $3.99, that penny will go into an ETF.
PayPal Just Backed An Investment App For Millennials
The startup raised $30 million from the payments giant and Japanese e-commerce company, Rakuten. Jeff Cruttenden had been investing since he was 11. As the son of an investment banker, he was taught as a teenager the value of growing money by investing in mutual funds and stocks. But when he arrived at college, he realized he was one of the few of his classmates who knew anything about
Plastiq lets you pay any bill with your credit or debit card just by snapping a photo
A new iPhone application launching today called Plastiq lets you pay any bill with your credit or debit card just by snapping a photo. The goal with the app is to offer something designed for mobile, that’s also more convenient than using a bank’s online bill pay feature. And more importantly, it allows bills to be paid with plastic – hence the name – as opposed to being drafted from your bank account.
Rinse raises $6 million to expand its laundry pick-up and delivery service
Rinse Inc. has raised a $6 million Series A round of venture funding to pick up and clean anything in its customers’ closets. According to Chief Executive Ajay Prakash, who cofounded Rinse in 2013 with Chief Operating Officer James Joun, “We never wanted to b Uber for laundry, and don’t consider ourselves an on-demand business.”
The first comprehensive study on women in venture capital and their impact on female founders
RigUp’s Oil-Well Service Gets $15 Million Despite Oil Price Dip
During the short existence of startup RigUp Inc., the oil and gas industry it serves turned on its head. When the startup started testing its online marketplace for oil-rig projects in 2014 the price for a barrel of crude hovered around $100, oil rigs were multiplying around the country and exploration companies were making profits. Since then, the price per barrel sank to around $40 and the number of oil rigs dropped some 75%, to the lowest level since at least 1949, according to data from WTRG Economics.
Flatiron Health Announces Strategic Relationships with Celgene and Amgen
Flatiron Health today announced an expansion of its relationships with Celgene Corporation and Amgen Inc. Through individual agreements, Celgene and Amgen will collaborate with Flatiron Health with the goals of accelerating clinical research, advancing personalized medicine and enhancing treatment options for cancer patients. In addition, Celgene Switzerland LLC and Amgen Ventures have invested in Flatiron Health’s recently announced fundraising round.
OpenTable Challenger Reserve Acquires Restaurant Payment App Dash
Reserve has announced its latest acquisition — Dash — which brings with it the technology for direct integration with Point-of-Sale (POS) systems. This marks the fifth acquisition by the OpenTable rival. Financial terms of the deal were not disclosed. This news comes on the heels of Reserve’s announcement that it has received a strategic investment from Diageo, the beverage company behind Johnnie Walker, Crown Royal, Guinness, and other beverages and spirits.
The Cities on the Sunny Side of the American Economy
Technology start-ups, including Ibotta, Craftsy, Home Advisor and Gnip (bought by Twitter in 2014), found a footing in Colorado. Financial services firms like Charles Schwab, TIAA and Fidelity Investments expanded their operations. A raft of smaller aerospace and commercial satellite companies like Sierra Nevada, which just won a NASA contract to build the mini-space shuttle Dream Chaser, have elbowed in beside giants like Boeing and Lockheed Martin. Colorado led the country last year in new health care jobs.