10 things in tech startups you need to know today Monday, November 27
Good morning! Here’s what you need to know in tech startup news.
DoneGood, a Boston-based startup wants to make it easier to help others with your holiday spending. DoneGood co-founders Cullen Schwarz and Scott Jacobsen want to transform consumer spending into a force for social change. Their mission is to direct consumers toward buying from companies committed to making positive social impact, like paying living wages, protecting the environment and alleviating poverty.
ClimaCell, a Boston-based startup wants to be “The Bloomberg Of Weather.” ClimaCell is a weather forecasting company that re-purposes wireless communication networks as weather sensor. The startup promises a weather report for a small area and even down to your block.
New York-based startup Arthena wants to democratize a traditionally opaque market in an era of record art auctions. The startup leverages big data on art investing by analyzing hundreds of thousands of data points on works of art—artist, style, medium and size. Then the startup augment the result with human insight and then generate handsome returns for investors.
Cryptocurrency Tax Software Startup Libra Raises $7.8 Million. Blockchain startup Libra announced today it has raised $7.8 million in a new Series A funding round. The funding came from a group of investors which included an unnamed family office based in Europe.
YouNow, a video startup, has created a new currency to pay creators. YouNow can’t outspend YouTube, so it created a new currency to pay creators. The tokens are called Props. Adi Sideman is the chief executive officer of the live-streaming startup. The first place the Props economy will exist is within Rize, a new live-streaming app that YouNow is releasing in January.
Global fintech startup TreasuryXpress closes $5 million funding. TreasuryXpress, an on-demand treasury management solutions provider, has closed a Series B investment of US$5 million from an investor consortium that includes Middle East Venture Partners (MEVP), iSME Capital, The Luxury Fund, and other investors.
The Moms Co, a mom and baby care consumer goods startup, aims global standards for toxin-free baby products made in India. Founded in March by Malika Datt Sadani and Mohit Sadani, the startup has raised two rounds of funding for global expansion. The startup claims to be India’s first Australian certified toxin-free and made safe brand, certified by the Safe Cosmetics Australia Toxin-Free Campaign.
Facebook unveils two new programs for startups and engineering students in India. The social media giant is expanding its accelerator program in India. With a view to build an ecosystem for start-ups working in emerging technologies, it has announced an exclusive six-month Accelerator program and a School of Innovation for engineering students.
John Lewis Partnership (JLAB) invests in tech startups. The John Lewis Partnership announced a £100,000 investment in two tech startups, WeFiFo and Exaactly. JLAB is the largest retail tech accelerator program in the UK. Innovation partner L Marks will match the £100,000 investment from John Lewis and Waitrose, bringing the total startup funding to £200,000.
Bangalore India-based startup Vogo launches dockless scooter rentals. The company launched an automated dockless scooter rental platform which offers one-way travel in selected locations in Bangalore. “We have built a localized solution for India with scooter sharing as a product since more people are comfortable riding scooters vs rented cycles or cars,” said Anand Ayyadurai, CEO of VOGO. Below is a picture of Vogo scooter.