Mobile shopping app Ibotta, which got its start as an alternative means of saving money while grocery shopping without having to clip coupons, has now closed on $40 million in Series C funding to continue to scale its business. A testament to building something practical and useful for the everyday consumer, Ibotta has seen over 10 million downloads to date and a user base that has saved a combined $40 million in awards. The funding round was led by Jim Clark, founder of Silicon Graphics and Netscape, and an Ibotta board member. The additional funding brings Ibotta’s total raise to date to $73 million.
Interviewed Raises A $2M Seed Round, Expands Beyond Basic Job Simulations
Interviewed, a company that provides simulations for job candidates, has closed a $2 million seed round with participation from YC, SV Angel, Red Swan Ventures, and Jason Calacanis, among others. The company also announced that after six months, it’s given almost 100,000 job assessments, with that number growing from 240 assessments the first month to 43,500 assessments last month.
Secondhand Help: MoveLoot, Shift Cars & ThredUp
The Icon A5 Is the Closest Thing to a Flying Car You Can Buy Today
It’s a $250,000 amphibious plane you can fold up and store in your garage. It’s built for two—and built for adventure. “We want to get airplanes out of airports and into the home,” said Hawkins. You can fold the wings up and store it in your garage or put it on a trailer and tow it to a lake or flat, grassy field. It can run on premium unleaded gasoline you’d find at any pump. “It's transportable, not just a transport device. This plane is designed for recreation.”
15 Questions with Mona Bijoor
With gigs at companies like Chanel, Ann Taylor and Elie Tahari, Mona Bijoor saw first-hand the many inefficiencies in the fashion industry. So the Wharton grad set out to solve them. In 2010, Bijoor, 38, launched JOOR, an online wholesale marketplace that connects brands and buyers -- and eliminates the pen and paper transactions that many firms still relied on. JOOR has raised over $20 million in funding and counts major fashion brands like Kate Spade, Diane von Furstenberg and Vera Wang among its users. Constantly on the road, Bijoor is likely hopping from one of JOOR’s five offices – in Paris, Australia, Milan, NYC and Los Angeles -- to the next.
Startup Shift Labs Wants to Change How Medical Devices are Made
In 2011, Beth Kolko had an epiphany. At the time, she’d been working with a team of researchers on a project that delivered basic ultrasound technology to midwives in Uganda and Kenya. The idea, one of many she worked on as a professor at the Department of Human-Centered Design and Engineering at the University of Washington, was simple: create an easier way to monitor an individual’s health. Midwives and nurses could be trained on the system in minutes. This low-cost, easy-to-use device, Kolko thought, was a product worth commercializing.
Shift Raises $50M to Make Selling your Old Car a Less Terrible Experience
Shift Technologies, an online marketplace for used cars in San Francisco and Los Angeles, said on Tuesday it has raised $50 million in new funding. The San Francisco-based company is operating in an increasingly crowded market, with competitors like Beepi, Carvana, Vroom, and Carlypso, among others, vying for the same business.
Trusted Launches to Make Finding a Babysitter as Easy as Hailing an Uber
Childcare is a tough topic for many families because there’s a great deal of trust involved — this person is watching your kid — so it would be great if there was an easy way to find reliable, trustworthy, and vetted providers. Trusted hopes to be that solution and is launching today in San Francisco. This service lets busy, on-the-go parents request a verified caretaker for those occasions when they need someone to watch their children for a few hours. But here’s the thing: These aren’t people that you’d find on Craigslist or in the Help Wanted section of a newspaper. Trusted does the necessary background checks to make sure these people can do the job so you have some peace of mind.
Trusted Lets Parents Book Vetted Babysitters At The Last Minute
Trusted is launching a new service for parents in search of high-quality babysitters — particularly parents who need to find someone ASAP. CEO Anand Iyer compared the startup’s approach to the recently launched senior care service Honor. When you’re looking for a babysitters, Trusted lets you browse the available providers and book them from within the mobile app — you can schedule a session for the next week, the next day or even the same day. The company performs background checks on all of its babysitters and makes sure they’re CPR certified. In contrast to many of on-demand services, Trusted makes its child care providers actual employees, rather than contractors. “We didn’t want there to be any ambiguity” about the provider’s status, Iyer said — plus, this allows Trusted to provide a higher level of training and support.
Shift Technologies Revs Up Online Car Marketplace with $50M from Goldman Sachs
In recent years, companies have emerged to let you rent your apartment, find a taxi or order dinner with the click of a button. As the on-demand economy evolves, Shift Technologies is hoping that consumers will be comfortable with buying and selling cars over the web with similar ease. On Tuesday, San Francisco-based Shift, one of a handful of startups hoping to make the process of buying and selling used cars easier by using online technology, announced it had raised $50 million in a round led by Goldman Sachs Investment Partners. The company declined to disclose a valuation for the investment, but noted that it had raised nearly $75 million since its launch less than two years ago.
BlackRock Acquires Sequoia-Backed FutureAdvisor
BlackRock, the world’s largest asset manager, is acquiring FutureAdvisor, a five-year-old, San Francisco-based online financial advisory firm that aims to help people manage their existing IRAs, 401(s) and other investment accounts. According to the Financial Times, FutureAdvisor was picked up for between $150 million and $200 million. The company had raised $21.5 million from investors, shows Crunchbase.
BlackRock Embraces Robo Finance Advice with Acquisition of FutureAdvisor