Trouva, an online marketplace for independent boutiques, raises $22M

Amazon helped pioneer and now dominates the online marketplace business model, where a variety of merchants post items for sale on its platform for billions of consumers to discover and buy them. Today, a London startup that’s taken that idea but is applying it to a far more curated set of retailers and goods has […]

Combining StitchFix and Instagram, FlipFit ushers in the next phase of social retail

Nooruldeen Agha has been thinking about what’s next for fashion retail for years. The serial entrepreneur behind the Dubai-based online fashion retailer Elabelz and marketing studio Elephant Nation had always wanted to redesign the shopping experience for how customers actually shopped in stores and online. “If it was 1994 and we knew what technology is […]

Lookiero closes $19M led by MMC Ventures to be the Stitch Fix for Europe

Lookiero, the online personal shopping service for clothes and accessories, has closed a $19 million funding round led by London-based VC MMC Ventures with support from existing investor All Iron Ventures, and new investors Bonsai Partners, 10x and Santander Smart. The company will use the backing to expand in its main markets of Spain, France […]

Standard Cognition lands $35M at $535M valuation to battle Amazon Go

EQT Ventures, Initialized Capital, CRV and Y Combinator have fueled Standard Cognition with another $35 million to help retailers battle Amazon. The deal values the San Francisco-based autonomous checkout startup, founded in 2017, at $535 million. Standard Cognition implants its AI-powered computer vision platform, which enables the autonomous checkout process, in brick-and-mortar stores. To date, […]

The future of car ownership: Cars-as-a-service

Car shoppers now have several new options to avoid long-term debt and commitments. Automakers and startups alike are increasingly offering services that give buyers new opportunities and greater flexibility around owning and using vehicles. Cars-as-a-Service In the first part of this feature, we explored the different startups attempting to change car buying. But not everyone […]

Dear Hollywood, here are 5 female founders to showcase instead of Elizabeth Holmes

Joseph Flaherty Contributor More posts by this contributor Why the ‘end of the startup era’ could be great for entrepreneurs Invisible unicorns: 35 big companies that started with little or no money There’s a seemingly insatiable demand for Theranos content. John Carreyrou’s best-selling book, “Bad Blood,” has already inspired an HBO documentary, The Inventor; an ABC podcast called […]

Vue.ai raises $17M to equip online retailers with AI smarts

Vue.ai, a U.S./India startup that develops an AI platform to help online retailers work more efficiently and sell more, has announced a $17 million Series B round. The investment is led by Falcon Edge Capital with participation from Japan’s Global Brain and existing backer Sequoia Capital India. Parent company Mad Street Den was founded in […]

Changing consumer behavior is the key to unlocking billion-dollar businesses

Jonathan Golden Contributor Jonathan Golden is a partner at NEA and a former director of product at Airbnb. In the summer of 2012, I had just learned of a new service where a driver would pick you up in their own car, not a taxi or licensed town car. You’d be able to recognize the […]

Shopify opens its first brick-and-mortar space in Los Angeles

Shopify, the provider of payment and logistics management software and services for retailers, has opened its first physical storefront in Los Angeles. The first brick-and-mortar location for the Toronto-based company is nestled in a warren of downtown Los Angeles boutique shops in a complex known as the Row DTLA. For Shopify, Los Angeles is the […]

Deep-linking startup Branch is raising more than $100M at a unicorn valuation

Branch, the deep-linking startup backed by Andy Rubin’s Playground Ventures, will enter the unicorn club with an upcoming funding round. The four-year-old company, which helps brands create links between websites and mobile apps, has authorized the sale of $129 million in Series D shares, according to sources and confirmed by PitchBook, which tracks venture capital […]