Spotify made a few moves this week that could put them in a better position to join the stock market. On Thursday, it was revealed that the company added four people to its board of directors. The music streaming startup has brought on former Disney COO Tom Staggs; Padmasree Warrior, a Cisco vet who runs an electric car business; Shishir Mehrotra, YouTube’s former head of product… Read More
After decades spent funding technologies tailored to deprive us of sleep (see: streaming video, gaming, social networks and 24/7 online shopping), the venture capital industry has decided to direct its considerable capital reserves at helping us get more shut-eye. Read More
LinkedIn co-founder Reid Hoffman announced today that he’s making a big bet on Change.org, the site for social justice petitions. Hoffman is leading a $30 million round, with other investors including big names like Bill Gates and Y Combinator president Sam Altman.
“Change.org, the global hub for collective action, is a crucial democratizing force in this era of growing civic… Read More
KidPass, a monthly membership program that gives parents access to a variety of kid-friendly activities across their city, has raised $5.1 million in Series A funding, the startup reported this week. Currently live in New York, the new funds will allow the service to expand to new markets including L.A., San Francisco, Seattle, Boston, Philadelphia, Washington D.C., and Chicago. The round was… Read More
After a painful first quarter miss, Snap is looking to avoid the same fate in the current quarter. According to Digiday, Snap, the parent company of the popular social app Snapchat, is working to drive new and increased business ahead of the end of its second quarter. To do so, the company is said to be cutting deals. Read More
When Solar Impulse pilot Bertrand Piccard set out to fly around the world in a plane that uses no fuel, he knew he wasn’t going to get much rest. During the journey, he would be able to sleep, at a maximum, three hours per day with rest meted out in twenty-minute intervals. The plane, which could only accommodate one aviator, required a human systems check every twenty minutes. For part… Read More
Soft Space, a payment provider in Southeast Asia, has close its $5 million Series A as it looks to expand across the region, and potentially into Japan.
Kuala Lumpur, Malaysia-based Soft Space works with large enterprise customers, typically banks, to offer customized solutions for mobile payment, both at point-of-sale and other parts of the process. Typically these solutions are white-labeled. Read More
Spruce, a new startup looking to speed up the mortgage, has raised $4.5 million in its series A financing from Bessemer Venture Partners, Omidyar Network, and Third Prime Capital along with a slew of private angel investors. Founded by two former employees of the robo-advisory wealth management company Betterment, the new startup is notable for a few reasons. First, it’s yet another… Read More
Binded aims to make it easier for photographers to protect their intellectual property by creating a permanent record of their copyright in a public database, namely the blockchain. The startup was previously known as Blockai, but it’s rebranding today — the new name is meant to focus less on technology and instead emphasize the idea of creating a legally binding record. Read More
It was off to the races for Appian which debuted on the Nasdaq on Thursday, soaring 25% on its first day on the stock market.
After pricing shares at $12, the company closed the day above $15, valuing the company at about $900 million.
The company helps its enterprise and government customers with app development. “Appian is the easiest way for companies to build their own… Read More