Only days after revealing its first dedicated photo management and sharing application Carousel, Dropbox is announcing it has acquired cloud photo storage and sync service Loom, a favorite among iOS users. The company, which currently offers apps for iPhone, iPad, and Mac, as well as an online experience, says it will no longer be enrolling new users, and will work to transition existing customers to Dropbox by May 16th, 2014, at which point Loom will be shut down. Also announced is the acquisition of Hackpad, an lightweight document collaboration web and mobile application. Loom raised $1.3 million in seed funding last fall from Google Ventures, Tencent, Great Oaks VC, Overbrook Entertainment (Will Smith), Damon Way (founder, DC Shoes), and a few other angel investors.
As Food Delivery War Heats Up, Sprig Plans To Serve Lunch
SpoonRocket is about to have some competition in the lunch on demand market. Sprig, currently dinner-only, will soon start serving lunch, according to a source who said Sprig now delivers 1000 meals per day. Sprig just raised a $10 million Series A two weeks ago, and is wasting no time in ramping up the fight for our stomachs. With this info, I called Sprig CEO and co-founder Gagan Biyani and he confirms Sprig is working out logistical details to start delivering lunch. He said it could be ready to go as soon as Monday but the company typically makes decisions last-minute and will launch lunch when it’s ready. Before we go any further, these meal delivery services are the most magical-feeling startups I’ve experienced since Uber and Lyft.
‘Airbnb For Retail’ Startup Storefront Raises $7.3M From Spark Capital, Expands To LA
Now more than ever, both big brands and independent merchants are looking for flexibility in the way that they reach consumers. With Storefront, they’re able to find space to set up popup shops or sell items in boutiques without all the hassle that comes with leasing space and building out their own stores. After raising $1.6 million in seed funding last summer, the AngelPad-backed startup is announcing today that it has brought on an addition $7.3 million in funding led by Spark Capital. Along with the funding, Spark general partner Mo Koyfman will be joining the company’s board of directors.
SeedInvest Raises Series A On Its Own Crowdfunding Platform, $2M Committed So Far
SeedInvest, the equity crowdfunding platform based in New York that helps other startups (like Vengo Labs) raise rounds, is today launching a campaign on its own plaform to complete an intended $3 million Series A round. The startup has already had $2 million committed from VCs Scout Ventures, Great Oaks Venture Capital, Avenue A Ventures, Archer Gray and Krillion Ventures.
Storefront Raises $7.3M to Help Online Brands Set Up Shop Offline (Without Signing a Lease)
Spark Capital, an investor in Warby Parker, is leading a $7.3 million investment in another business that unifies online e-commerce with physical retail–Storefront Inc. The 10-employee startup in San Francisco operates a marketplace where merchants, marketers and artisans can find and book a store space for just a few days or a few months. Non-traditional store spaces listed on TheStorefront.com include kiosks or booths at malls, trade shows, flea markets, art fairs and farmer’s markets.
Wine Discovery App Drync Guzzles $2.1 Million, Arrives On iPad
Having a good wine and want to remember it later? A mobile app called Drync has proven handy in helping you do just that, by offering a simple way to “scan” the bottle in front of you in order to identify it, then mark it as a favorite so you can order it again or have it sent to your home. Now, the company has raised and additional $2.1 million in outside funding from Cross Link Ventures, Great Oaks Venture Capital, KEC Ventures and Foundry Group, the latter which led AngelList’s largest
At Google, Bid to Put Its Glasses to Work
At the 500 Club bar in the heart of the Mission district here, patrons are banned from wearing Google Glass. Two miles up the hill at the hospital at the University of California, San Francisco, a lung surgeon wears Glass to assist him as he operates. The contrast illustrates both the challenge and opportunity for Google as it plans to sell its Internet-connected headwear to the public later this year. Consumers have been wary of Glass. Yet it is finding more enthusiastic acceptance in the workplace: in medicine, law enforcement, manufacturing and athletics.
Following GrubHub IPO, Online Food Ordering Platform EatStreet Raises $6 Million
EatStreet, an online and mobile food ordering service which initially gained traction by targeting secondary markets across the U.S., has now raised an additional $6 million in Series B funding. The round included participation from Series A investors Cornerstone Opportunity Partners, Independence Equity, Great Oaks Venture Capital as well as from CSA Partners, Silicon Valley Bank, and other angels.
10 Questions with Pau Sabria, co-founder of Olapic
New York-based Pau Sabria arrived in the United States by way of Barcelona, Spain. As a teenager, he knew he wanted to study something technical. He loved math, physics, and computers but hated chemistry, so he decided to study what he calls "super sexy electrical engineering." He received an undergraduate degree from the School of Telecommunications Engineering of Barcelona, and after briefly working as a consultant at Boston Consulting Group, he earned an MBA from Columbia University. With both technical and business experience, he eventually decided to try his hand at entrepreneurship. Sabria is one of the co-founders of the four-year-old company Olapic, which helps brands like Coach, Men's Wearhouse and Pepsi monetize fan photos on Facebook, Instagram, and Twitter.
Plated on ABC's SharkTank
Season 5 Episode 22 of ABC's critically acclaimed SharkTank. Nick and Josh of Plated pitch their food delivery company to the sharks. After deliberation, Nick and Josh agree to a deal with billionaire Mark Cuban, owner and chairman of AXS TV and outspoken owner of the 2011 NBA championship Dallas Mavericks.
MightyBell Now Tolls For All
The group software space is getting hot. Between Google Groups, Facebook Groups, Yammer, Convo, Asana, newcomer Slack and more, a loose or tight-knit organization has plenty of tools to choose from in order to keep its community organized. Gina Bianchini’s second attempt at social networking for small communities, MightyBell, has fully joined the niche communication fray today, opening its “social for small groups” product up to all after two years of painstaking and iterative development.
Pluto TV Launches With 85 Channels Of Free, TV-Style Internet Video
It was tough to pay attention to Nick Grouf as a video stream of bone-crushing skateboard wipeouts played about two feet from my face. Thankfully he soon switched to a surfing channel, which showed a film that followed a group of female surfers travelling across the South Pacific. It was all sunsets and bikinis and turquoise waves. Again, it was tough to pay attention. In a visit to FORBES earlier this month, Grouf showed off Pluto.TV, a web service that takes the traditional television format—live, linear feeds divvied up into shows and channels—and slaps it onto thousands of hours of Internet video. It’s a concept that sounds dubious on the surface, but works surprisingly well in practice.