Touch of Modern, an e-commerce service aimed at men, passed the $100 million annual recurring revenue mark (ARR) in October, the company told TechCrunch in an interview at its SOMA offices. It also processed its millionth order in September. The company has an interesting history. It pivoted several times before becoming its current incarnation in May of 2012. At the Time, TechCrunch’s Ingrid Lunden asked in a headline: “Third Pivot’s The Charm?”
TinyRx Gets $5 Million In Seed To Take On PillPack And Other Prescription Delivery Services With Coupons
A number of investors, including Joe Lonsdale’s new fund 8 Partners, Google Ventures and StartX have added $5 million in initial funding to prescription delivery startup TinyRx. Several early employees from well-known startups such as Google and Airbnb also hopped into the round. TinyRx plans to use the money to build out the business and take on bigger chain pharmacies such as Walgreens and CVS. However, it’s not without competition in this endeavor. Other startups such as PillPack and Zipdrug aim to do the same thing. Zipdrug is just in New York City for now. Not much competition for TinyRx, which only covers the Bay Area at the moment. However, PillPack will mail your prescription to you in all 50 states now. TinyRx differentiates itself here by finding the best price on medications and then hand-delivering your meds instead of mailing them to you like PillPack does. It also works with the pharmacy, whereas PillPack is the pharmacy.
Cleanify Raises $1.8M To Connect Customers With Independent Cleaning Services
Cleaning startup Cleanify has raised $1.8 million in seed funding. That might not seem like much money when compared to the $50 million round that Handy just raised, or the nearly $40 million that Homejoy raised before shutting down. However, the Cleanify model is a bit different. Instead of offering its own on-demand cleaning services, Cleanify aggregates the listings of existing cleaners. When we wrote about the startup in January, we described it as Expedia for the cleaning industry — consumers get to browse ratings and compare prices, while cleaners get to reach new customers and also use new tools for managing their relationship with existing clients.
Pluto TV Brings Its Streaming Video App To Apple TV With Improved Look, More Licensed Content
Pluto TV, a video streaming service targeting cord cutters, has differentiated itself from other over-the-top competitors like Netflix by offering a more TV-like experience with over 100 “channels” you flip through in an interface that looks similar to a traditional TV guide. Now the company is bringing its lean-back video-viewing platform to Apple TV, with plans for Roku right around the corner. The new app also features an updated look-and-feel to better highlight its channels, including a number of channels offering newly licensed content Pluto TV has been adding to its service over the past few months.
Schoology Cloud-Based Education Platform Lands $32 Million Series D
Schoology, the learning management system that focuses on cloud collaboration, has today announced the close of a $32 million Series D financing led by JMI Equity, with participation from existing investors including FirstMark Capital, Intel Capital and Great Road Holdings. Schoology was founded back in 2009 and has pressed through the education sector’s slow pace of innovation to bring a product to market that can truly help students and teachers. Here’s how it works:
Rise of the Digital Doctor - Maven Clinic
Eero Delays Its Smart Router Yet Again, Nabs New VC Funding Nonetheless
Eero, whose idea for a smarter Wi-Fi router quickly racked up more than $1 million in pre-orders, is announcing its third delay of the product, saying it now doesn’t expect to ship devices until early next year. At the same time, the company is announcing it has nabbed new funding from three prominent investors: Shasta Ventures, Redpoint Ventures and Andy Rubin’s Playground. With the new cash, Eero has now raised more than $40 million despite having yet to ship its first product.
Verge Genomics, On A Quest To Cure Neurodegenerative Disorders, Picks Up $4M Seed
Verge Genomics, the YC-backed company that looks to use algorithms to help cure neurodegenerative disorders, has announced the close of a $4 million seed round led by IA Ventures, with participation from Two Sigma Ventures, Draper Associates, Great Oaks VC, Slow Ventures, Karlin Venture, Elad Gil and David Lee. Verge Genomics works by creating algorithms that make pharmaceutical creation far more efficient. Through the increase in genomic data, Verge can use its network algorithms to determine which already-FDA-approved drugs (with expired patents) affect various genes in the body. This is meant to replace the process of big pharma starting from scratch by blind testing drugs based on a single gene.
Entrepreneurs Have Many Reasons to Tackle Women’s Health
The level of institutional capital raised by digital health companies focused exclusively on women’s health has steadily increased since 2011, when Rock Health first began tracking digital health funding. In fact, while no companies that were focused on women’s health raised greater than $2 million in 2011, nine have already raised a total of $80 million through the third quarter of 2015—a considerable jump from the $29 million raised by women’s health companies in 2014 . The largest round went to Progyny, which secured $34 million in a Series C from Kleiner Perkins Caufield & Byers, TPG Biotech, SR One and Merck Serono Ventures.
Google Joins $81 Million Funding Round of Health Benefit Startup
Collective Health Inc., a startup that helps employers provide health insurance for their workers, raised $81 million as the firm takes its technology nationwide. Google Ventures invested in Collective Health for the first time, and New Enterprise Associates and Founders Fund also participated in the Series C fundraising round, bringing the total amount the firm has raised to $119 million, Collective Health said in a statement. The company is partnering with Anthem Inc. and other health insurers to use their hospital and doctor networks for customers across the U.S.
Collective Health Closes On $81 Million, Adds Google Ventures To List Of High-Profile Investors
Enterprise health insurance services platform Collective Health has raised a healthy $81 million in Series C funding to help the startup continue to grow its team, as well as cover the U.S. market. Ali Diab co-founded Collective Health with his friend Rajaie Batniji, a physician and political economist at Stanford University, after Diab had a terrible experience going the rounds with his health insurance. Diab’s gut had twisted up on itself and he had to get treated or risk death. Just as Diab was struggling to regain his health, his insurance decided it didn’t need to pay.
Kinnek, A Small Biz Marketplace, Raises $20 Million Led by Thrive Capital
Kinnek, a 3.5-year-old, New York-based marketplace for small businesses to find suppliers and manage purchasing, has just raised $20 million in Series B funding led by Thrive Capital. It already looks like a smart bet. The company currently has 20,000 businesses and 2,000 suppliers using its marketplace, and they’re striking millions of dollars worth of deals every week, says cofounder Karthik Sridharan. Considering the company’s age and the fragmented landscape in which it’s operating – think restaurants to distilleries to manufacturers – that kind of traction is meaningful.