Academy Award-winning actress Reese Witherspoon’s clothing and accessories line Draper James is only five months old, but the company has raised a red carpet-worthy round of venture capital funding.
Draper James announced Monday it had raised a $10 million Series B funding led by San Francisco-based venture capital firm Forerunner Ventures, which has a history of investing in fast-growing e-retail startups. Forerunner’s previous investments include Birchbox Inc. (No. 254 in the Internet Retailer 2015 Top 500 Guide), Bonobos (No. 270) and Dollar Shave Club (No. 319), among others.
In less than a minute, a robot resembling a printing press made a peanut butter and jelly sandwich and then neatly dropped it into a cardboard take out box. Nearby, a smartphone laying next to a white gadget the size of a dictionary charged up without being plugged into a wall socket.
No, this isn’t Maker Faire for do-it-yourselfers, or an unusual section of a Bed Bath & Beyond store. It’s a sampling of the computer hardware shown off at Demo Day, the semi-annual coming out party for startups coached by Silicon Valley accelerator Y Combinator.
You can read the whole article here via : Fortune.com
Die Firmenschmiede Rocket Internet ist im ersten Halbjahr kaum noch gewachsen. Der Umsatz lag nach IFRS-Rechnungslegung bei 71,3 Millionen Euro und damit nur leicht über dem Vorjahresergebnis, wie das seit vergangenen Oktober börsennotierte Unternehmen am Mittwoch mitteilte. Der Wert des Firmenportfolios sei jedoch seit dem Börsengang um 3,4 Milliarden auf nunmehr 6,0 Milliarden Euro gestiegen.
Die größten Startups, zu denen der Essenslieferdienst Delivery Hero, der Kochbox-Anbieter HelloFresh sowie die Möbelhändler Westwing und Home24 gehören, schreiben weiterhin Verluste. Unter dem Strich kam Rocket auf ein Minus von 45,9 Millionen Euro nach einem Gewinn im Vorjahreszeitraum. An den meisten Startups, die mit Hilfe von Rocket nach dem Fließband-Prinzip gegründet werden, halten die Berliner keine Mehrheit.
Zum Artikel geht es hier via: wirtschaftswoche.de
The European Union’s top executives in Brussels are trying to rectify that with a long-term plan of reforms and incentives but face an uphill battle. The 28-nation bloc is, above all, lacking in the risk-taking culture and financial networks needed to grow Internet startups into globally dominant companies.
“In the U.S., especially in Silicon Valley, they are up for any crazy idea,” said Benoliel, 43. “Successful businesses often come from crazy ideas.”
Europe’s relatively cautious attitude to investment stands out as one of the biggest hurdles – and among the most difficult to change.
You find the whole article here via: The Augusta Chronicle
Bangalore-based Immersion Online Services Pvt Ltd that runs interior design startup Furdo has raised $400,000 (Rs 2.64 crore) in an angel round from Bhavdeep Reddy, CEO of Indus Homes Private Ltd, a real estate developer.
Founded in January this year by Kiran Singh, Ishwar Sundararaman and Arvind Singh, Furdo offers customers 3D visualisation of interior design of their homes.
You can read the whole article here via: Techcircle.in – India startups,
Two Seattle entrepreneurs that pioneered “Internet-in-a-Box” technology back in the 90s are raising cash for a new startup called Switch Inc.
David Pool and Chris Hopen are co-founders of Switch, a two-year-old company that just raised $200,000 of a larger $1.5 million round according to a new SEC filing.Hopen wouldn’t comment on the financing when contacted by GeekWire, only noting that the company plans to reveal more details later this year.
You can read the whole article here via: GeekWire
After enduring a two-year pay freeze at Bank of Communications Co. and seeing his eight-year career as a credit-card risk manager in Shanghai stall, Zhu Jun headed for the exit. Like thousands of young Chinese, he quit his banking job to join a hot, new industry: Internet finance.
“I enjoy the fast pace here,” said Zhu, 31, who has done so much better at Omni Prime, a web startup that offers consumer credit to low-income workers, that his previously disapproving wife was able to quit her banking job and become a stay-at-home mom. “It was a very risky move, but I’m glad I made it.”
You can read the whole article here via: Bloomberg Business