TULA, a leading innovative skincare brand, today announced that it has received a significant growth capital investment from L Catterton, the largest consumer-focused private equity firm in the world. The investment will be used to drive TULA’s rapid growth by funding marketing, working capital and product development. Terms of the transaction were not disclosed. Co-founded in 2014 by Dr. Roshini Raj, a board-certified gastroenterologist and internist with a medical degree from New York University’s School of Medicine; Ken Landis, a Co-Founder of Bobbi Brown Cosmetics; and Dan Reich, a tech entrepreneur, TULA’s groundbreaking approach to skincare leverages the power of probiotics to improve the overall health and appearance of the skin. TULA delivers effective, high-impact, prestige products that help restore and maintain balance and wellbeing on the inside and out through its patented Probiotic Technology. Since its founding, TULA has experienced enormous growth by building off of a unique and successful launch strategy. TULA launched first exclusively with QVC, where it received rave reviews from women across the country, leading to the brand being named the winner of QVC’s “Rising Star Award.” From there, the Company has built a strong online presence through partnerships with digital influencers and selectively launched in brick and mortar stores across the U.S. with SpaceNK.
Wal-Mart continues its e-commerce shopping spree, snapping up ModCloth
It's official. Wal-Mart on Friday confirmed that it has acquired ModCloth, a specialty online apparel retailer that caters to curvy women. The announcement comes two days after a report by fashion blog Jezebel said a deal between the two was imminent. It also marks Wal-Mart's fourth digital acquisition since September, when it closed its $3.3 billion purchase of Jet.com.
Bra startup True&Co sold to Calvin Klein owner PVH
True&Co., an e-commerce company founded with the mission of disrupting the lingerie industry by creating a new business model for selling bras and other undergarments, has been sold. Phillips Van Heusen (PVH), owner of Calvin Klein, Tommy Hilfiger and Izod, among other iconic brands, has acquired the startup and plans to use it to move deeper into online sales and big data analytics connected to that.
Zipongo Incorporates 23andMe Reports Into Personalized Nutrition Plans
Zipongo, "Eating Well Made Simple," and 23andMe, the leading personal genetics company, are using genetics to help guide better food choices. Zipongo can now provide customers with personalized nutrition plans that consider not only their food preferences, health goals and biometrics, but also genetic markers impacting how their body may respond to certain food choices.
Can Silicon Valley Cure Diabetes With Low Carbs And High Tech?
Imagine a treatment for Type 2 diabetes that requires neither surgery, medication nor calorie restriction, but rather relies on adherence to a low-carbohydrate, high-fat diet, tracked by regular finger-stick checks of blood chemistry and guided remotely by a team of physicians, coaches and algorithms. That’s the premise of Virta Health, a San Francisco-based digital health company formed in 2014 and launched officially today, with $37M in the bank from investors including Dr. Robert Kocher of Venrock. The kickoff follows Tuesday’s publication of the results of an uncontrolled clinical study of several hundred patients in Indiana, who will be treated and followed for two years; the just-published data--an interim report of sorts--represent the first 10 weeks of study, sponsored by Virta.
With $37 million in funding, health startup Virta aims to cure type 2 diabetes by watching what you eat
Type 2 diabetes is a disease affecting 415 million people globally and Virta, a Silicon Valley-based health startup, believes it has something unique to reverse it – remote monitoring of everything you eat. Most people with the disease end up having to constantly monitor their blood sugar with the prick of a needle and diabetic pills or can “cure” it with bariatric surgery. However, type 2 diabetes (also know as adult onset diabetes) only affects those afflicted with it if their sugar levels go too high or too low. Thus, monitoring every carb you swallow is another measure in keeping the disease at bay.
Away takes fashion-forward luggage to another level
Boxing Fitness Craze Gets Women Ready to Rumble
HowGood raises $4.2 million to guide shoppers to products that match their values
Millennial consumers care about the sustainability of what they buy more than any other generation that came before them. This point is illustrated in studies from Pew Research, Clemson University and Nielsen to name a few. Now, a New York-based consumer data company called HowGood has raised $4.2 million in a Series A round of venture funding to help retailers answer every question these discerning customers may have. HowGood provides ratings on food, personal care and other household products. The company assesses products for environmental, health and trade impacts. Its ratings appear on signage in stores, and on HowGood’s website and mobile apps, today. The mobile app allows shoppers to scan in the barcode of a given item to obtain its rating.
How Eero Plans To Fend Off Wi-Fi Rivals: Lower Prices And No Distractions
After jump-starting the whole-home Wi-Fi market last February, Eero is celebrating its first birthday with price cuts. While conventional routers try to cover an entire home through a single connection point, Eero uses multiple units to create a larger mesh network, employing algorithms to determine the best path to the user's internet modem. Starting at 8 a.m. Pacific today, a three-pack of those units will cost $399, down from $499, and a two-pack will be reduced by $50 to $299. (Individual units will still cost $199.)
The Acorns Investing App Actually Encourages You to Splurge On That Starbucks Latte
The fintech app Acorns may be backed by high-net-worth investors including billionaire trader Steve Cohen, but its customers are far more average: Regular investors who make as little as $25,000 per year. Acorns is part of a trendy and growing industry of so-called robo-advisors, online-only financial advisors that steer clients' money into low-cost investments. Yet while many financial advisors recommend skipping your morning latte and other inessential indulgences in order to save more for retirement, Acorns actually encourages you to keep swiping your credit card in pursuit of that same goal.
Former Trulia Execs Launch Knock to Help Homeowners Sell Fast
Selling a house is often a long, complicated process. Startups like Opendoor Labs, OfferPad and now Knock—which will announce Tuesday $32.5 million in early-stage funding—are gaining traction in solving the problem for some homeowners by speeding up transactions and even buying homes outright. Knock promises to get a home into a binding contract with a buyer within six weeks. If it doesn’t, it will buy the home at listing price.