Coinbase, one of the most popular Bitcoin wallet providers, announced on Tuesday that it had closed a $75 million financing round, the biggest yet for a virtual currency start-up.
More and more retailers are learning the importance of big data and how it can be applied to improve sales, but few have the core expertise to understand how to gather, organize, and to analyze it. To help them do so, Toronto-based startup Rubikloud has raised $7 million in Series A
By: Ryan Lawler. Source: TechCrunch
Pablo Slough, Head of Mobile Ad Solutions for the Americas at Google, spoke at the PSFK Future of Retail Event in San Francisco about mobile strategies for retailers.
When I ran into New York City tech kingpin Kevin Ryan last month, the serial entrepreneur had a new company on the tip of his tongue: Zola, a wedding registry startup.
By: Jason Del Rey. Source: Re/Code
Storefront founders present their retail marketplace and dissect the value of unique and adaptable experiences.
The company, best known for statement necklaces sold through direct sales “stylists,” plans to widen its scope with the introduction of a skin-care regimen called Ever.
By: Molly Prior. Source: WWD
CircleUp isn’t a household name. But the three-year-old, San Francisco-based crowdfunding site has become well-known to consumer and retail companies that are too small to interest private equity firms yet growing too fast for a bank loan.
PSFK was privileged to have Courtney Lapin speak at our Future of Retail Event in San Francisco. As the Head of Retail Partnerships for Westfield Labs, Lapin shared how new technologies in malls are helping online brands engage with customers in real world settings.
Boxed, a mobile application for wholesale shopping, has raised $25 million in a Series B round of funding. GGV Capital and Digital Sky Technologies led the round with participation from Founders Fund, AME Cloud Ventures, Vaizra Investments, and all prior investors, the company told Fortune.
By: Erin Griffith. Source: Fortune
Innovation is one of those words that gets mentioned so often in business that it has nearly lost its meaning. Being innovative (and being perceived as innovative) is a sought-after status for most retail companies today, especially as consumers’ behavior continues to evolve.
By: Jennifer Overstreet. Source: NRF
Everyone’s favorite food-disrupting nutritional slurry, Soylent, has just closed a $20 million funding round, led by existing investor Andreessen Horowitz. Another prior investor in its 2013 $1.5 million seed round, Lerer Ventures, also participated in the new financing, along with Index Ventures.
By: Natasha Lomas. Source: TechCrunch
Advancements by mobile payment systems like Apple Pay are helping digital wallets compete with traditional ones. Since Google Wallet’s 2011 surfacing, PSFK has tracked the progress of the new mobile payment industry as it’s taken shape.
By: Janet Burns. Source: PSFK
Etsy Inc. is about to show Silicon Valley that Brooklyn’s hipsters can also do initial public offerings. The website where people sell handmade crafts and vintage goods may be the biggest technology IPO to come out of New York since 1999.
By: Leslie Picker and Alex Sherman. Source: Globe and Mail
By: Ron Miller. Source: TechCrunch
Demandware announced today that it bought Tomax, a cloud-based point of sale company for approximately $75M in cash and incentives.
EBay is determined to make “omnichannel” more than a buzzword. After a year of testing, the e-commerce and technology giant has begun the rollout of its Retail Associate Platform
By: Rachel Strugatz. Source: WWD
True Fit, a Massachusetts-based startup that helps apparel shoppers online by comparing fit data from brands with the items in the closet, has passed 5 million users with profiles on their service and raised $15 million for further expansion.
By: Kyle Russell. Source: TechCrunch
Apparel brands backed by big tech dollars are doing the last thing Silicon Valley VCs ever thought they’d want to do: lay down some good ol’ bricks and mortar.
By: Jack Smoth IV. Source: New York Observer
Sophia Amoruso will always be the #GirlBoss. But she’s giving up the official boss title at Nasty Gal.
By: Jason Del Rey. Source: ReCode
E-commerce fashion site ModCloth’s co-founder Eric Koger is exiting his role as CEO, the company announced this morning. On January 19th, Mr. Koger, who has served as CEO since the startup’s founding in 2002.
By: Sarah Perez. Source: TechCrunch
Bradford Shellhammer, the entrepreneur who in 2010 cofounded Fab.com, an e-commerce site for well-designed home, bed and bath products, personal accessories and furniture, has another business up his tailored sleeve: Bezar.com.
By: Sharon Edelson. Source: WWD
VIDEO: Lingerie company Dear Kate has a new approach to what type of support women need when it comes to intimate apparel.