Startups

In the last two years, Unilever acquired Carver Korea for $2.7 billion. Estee Lauder purchased Too Faced Cosmetics for $1.45 billion. CVC Capital Brands bought PDC Brands for $1.43 billion. L’Oreal purchased a trio of skincare brands for $1.3 billion, and also  IT Cosmetics for $1.2 billion. E.l.f. Beauty did an IPO. Venture capitalists didn’t invest in any of
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Moneyfarm, the U.K.-headquartered “digital wealth manager” has acquired the technology behind personal finance chatbot Ernest. Terms of the deal aren’t being disclosed, though I understand that, along with the tech, this is an acqui-hire of sorts, seeing London-based Ernest’s CTO Lorenzo Sicilia join Moneyfarm to oversee technology integration. Founded in 2015 by Niall Bellabarba, Cristoforo
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Issuu is giving publishers another way to make money from the digital magazines published on its platform. Previously, they could monetize their magazines through advertising or by using the content to drive purchases elsewhere. Now, Issuu is enabling digital sales, which means publishers can charge their readers for subscriptions and single issues. CEO Joe Hyrkin
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Traaqr, a St. Louis-based company, has just announced the launch of their interesting and clever new service. Essentially the system connects online interactions with real world customer service representatives, ensuring accurate attribution when someone goes from your website to your phone bank. Created by entrepreneurs Brian Handrigan, Jeff Linihan, and RJ Jones, the company has
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21Buttons, a social-commerce app that lets fashion influencers share their wardrobe, has closed $10 million in Series A funding. The round is led by Kibo Ventures, and JME VC. Existing investors also participated, including Samaipata Ventures, Breega Capital, 360 Capital Partners, Banc Sabadell Venture Capital, Sputnik, and Mediaset. The Barcelona-based startup says the new capital
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The recent Equifax hack is yet another reminder that major corporations are still leaving themselves susceptible to attacks. There are countless cybersecurity startups looking to fix this problem, but HYPR believes its decentralization approach is key. Its authentication technology secures traditional passwords and also biometrics like fingerprints, faces and voices. The New York-based startup is announcing
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Aeronautics industry giant Airbus is teaming up with hardware early-stage investment firm HAX to create a four-month accelerator program based in Shenzhen focused on a high-flying goal – “urban air mobility.” The program will seek to guide startups working on various aspects of flying cars and aerial city transportation, including air traffic management, perception systems,
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Eden, the office management and tech support platform, has today closed $10 million in Series A funding led by Spectrum 28, with participation from Fifth Wall Ventures, Bessemer Venture Partners, Y Combinator Continuity Fund, Canvas Ventures, Comcast Ventures, Eniac Ventures and other existing investors. Eden started out as a tech support service for both businesses
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