Category: articles

June 11, 2019 Off

Providing supplemental educational videos online nets Osmosis $4 million

By Jill T Frey

With over one million YouTube subscribers and 500,000 registered users for its supplemental educational videos, Osmosis, which bills itself as the Khan Academy of healthcare, has raised $4 million in new funding.

The round was led by Felicis Ventures, with participation from previous Osmosis investors including GreycroftCoverysFundRxFigure 8Social Starts, and LearnStart,

“By reimagining medical education, Osmosis is addressing a critical impending global crisis: the need to develop and retrain tens of millions of healthcare professionals over the next decade to meet growing demand,” said Aydin Senkut, founder and managing partner at Felicis Ventures.

Felicis is betting on Osmosis in part because of the increasing demand for healthcare professionals around the world. The company cites statistics claiming that roughly 35 million more healthcare professionals will need to be trained by 2030.

Co-founders Shiv Gaglani and Ryan Haynes met at … Read the rest

June 5, 2019 Off

The Stanford connections behind Latin America’s multibillion-dollar startup renaissance

By Jill T Frey

The houses along the tree-lined blocks of Josina Avenue in Palo Alto, with their big back yards, swimming pools and driveways are about as far removed from the snarls of traffic, sputtering diesel engines, and smoggy air of South America’s major metropolises as one can get.

But it was in one of those houses, about a twelve-minute bicycle ride from Stanford University, that the seed was planted for what has become a renaissance in technology entrepreneurship in Latin America.

Back in 2010, when Adeyemi Ajao, Carlo Dapuzzo, and Juan de Antonio were students at Stanford’s Graduate School of Business they could not predict that they would be counted among the vanguard of investors and entrepreneurs transforming Latin America’s startup economy.

At the time, Ajao was negotiating the sale of his first business, the Spanish social networking company, Tuenti, to Telefonica (in what would be a $100 million exit). Carlo Dapuzzo … Read the rest

June 3, 2019 Off

Fitness startup Mirror nears $300M valuation with fresh funding

By Jill T Frey

Today, Peloton is a bonafide success. The company, which sells $2,245 internet-connected exercise bikes, boasts a $4 billion valuation and a cult following.

That hasn’t always been the case. For years, Peloton battled for venture capital investment and struggled to attract buyers. Now that it’s proven the market for tech-enabled home exercise equipment and affiliated subscription products, a whole bunch of startups are chasing down the same customer segment.

Mirror, a New York-based company that sells $1,495 full-length mirrors that double as interactive home gyms, is closing in a round of funding expected to reach $36 million, sources and Delaware stock filings confirm, at a valuation just under $300 million. It’s unclear who has signed on to lead the round; we’ve heard a number of high-profile firms looked at Mirror’s books and passed. The company has previously raised a total of $38 million from Spark Capital, First Round Capital, Lerer … Read the rest

June 2, 2019 Off

YouTuber gets 15 month prison sentence, $22,000 fine for toothpaste-filled Oreos

By Jill T Frey

YouTube star Kanghua Ren was just handed a 15 month prison sentence and 20,000 euro ($22,300) fine for a January 2017 video.

The video, which generated widespread outrage online, found Ren giving a homeless man in Barcelona repackaged Oreo cookies filled with toothpaste.

“Maybe I’ve gone a bit far, but look at the positive side: This will help him clean his teeth,” the China-born YouTuber (then 19) known as ReSet said in the video. “I think he hasn’t cleaned them since he became poor.”

The 52-year-old man vomited after ingesting the cookies, later telling a paper that he had, “never been treated so poorly while living on the street.”

Ren was given the sentence on Friday, though The New York Times notes that he’ll likely not actually serve any time, given how nonviolent crimes are generally treated in Spanish court. In addition, his YouTube channel and various social media … Read the rest

May 25, 2019 Off

Startups Weekly: VCs are drunk on beverage startups

By Jill T Frey

Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s most noteworthy venture deals, fundraises, M&A transactions and trends. Let’s take a quick moment to catch up. Last week, I wrote about an alternative to venture capital called revenue-based financing and before that, I jotted down some notes on one of VCs’ favorite spaces: cannabis tech. Remember, you can send me tips, suggestions and feedback to [email protected] or on Twitter @KateClarkTweets.

This week, I want to share some thoughts — questions, rather — on beverages. Just as my inbox has been full of cannabis-related pitches, it’s also been packed with descriptions of new…drinks. Perhaps the most noted so far is Liquid Death, canned water for the punk rock crowd, because why not? Liquid Death has attracted nearly $2 million in funding from angel investors like Away co-founder Jen Rubio and … Read the rest

May 22, 2019 Off

Getting a seat at the VC table

By Jill T Frey

We are witnessing the greatest paradigm shift in power since the advent of the venture capital industry. Since taking my first VC role in 2012, I’ve seen more change in the past year than all other years combined.

Six years after Ellen Pao’s landmark gender discrimination case against Kleiner Perkins Caufield & Byers, Mary Meeker announced her departure to start a new fund with three other KPCB investors. Arlan Hamilton from Backstage Capital graced the cover of Fast Company with the caption “Venture Catalyst.” AllRaise’s circulation of a growing list of job postings is regularly hitting … Read the rest

May 13, 2019 Off

Market map: the 200+ innovative startups transforming affordable housing

By Jill T Frey

In this section of my exploration into innovation in inclusive housing, I am digging into the 200+ companies impacting the key phases of developing and managing housing.

Innovations have reduced costs in the most expensive phases of the housing development and management process. I explore innovations in each of these phases, including construction, land, regulatory, financing, and operational costs.

Reducing Construction Costs

This is one of the top three challenges developers face, exacerbated by rising building material costs and labor … Read the rest

May 5, 2019 Off

We are leaving older adults out of the digital world

By Jill T Frey

May is national Older Americans Month, and this year’s theme is Connect, Create, Contribute. One area in particular threatens to prevent older adults from making those connections: the digital divide.

Nationally, one-third of adults ages 65 and older say they’ve never used the internet, and half don’t have internet access at home. Of those who do use the internet, nearly half say they need someone else’s help to set up or use a new digital device. Even in San Francisco – the home of technology giants like Twitter, Facebook, and Google – 40% of older adults do not have basic digital literacy skills, and of those, more than half do not use the … Read the rest

May 2, 2019 Off

Microsoft launches a drag-and-drop machine learning tool

By Jill T Frey

Microsoft today announced three new services that all aim to simplify the process of machine learning. These range from a new interface for a tool that completely automates the process of creating models, to a new no-code visual interface for building, training and deploying models, all the way to hosted Jupyter-style notebooks for advanced users.

Getting started with machine learning is hard. Even to run the most basic of experiments takes a good amount of expertise. All of these new tools greatly simplify this process by hiding away the code or giving those who want to write their own code a pre-configured platform for doing so.

The new interface for Azure’s automated machine learning tool makes creating a model as easy as importing a data set and then telling the service which value to predict. Users don’t need to write a single line of code, while in the backend, this … Read the rest

May 2, 2019 Off

Africa Roundup: Jumia’s IPO, DHL launches Africa e-Shop, Cathay’s $168M VC fund, ConnectMed acquired

By Jill T Frey

The biggest news in a month of weighty African headlines was Jumia listing on the New York Stock Exchange.

After filing SEC IPO docs in March, the Pan-African e-commerce company’s shares began trading on the NYSE April 12, opening at $14.50 under ticker symbol JMIA. Jumia stock rose north of 70 percent on its first day of trading and started this week at $46.

With the public listing, Jumia became the first startup from Africa to list on a major global exchange. The IPO raised over $200 million for the internet venture.

The listing created another milestone for Jumia.  In 2016 the company became the first African startup unicorn, achieving a $1 billion valuation after a funding round that included Goldman Sachs and MTN.

Founded in Lagos in 2012 with Rocket Internet backing, Jumia now operates multiple online verticals in 14 African countries—from consumer retail to travel bookings.… Read the rest