Top tech startup news stories you need to know this Thursday, September 13
Good morning! Here are some of the top tech startup news stories for today, Thursday, September 13.
Mental health tech startup NeuroFlow raises $1.2 million for enterprise mental health platform. NeuroFlow, the Philadelphia-based mental health technology startup trying to foster more engagement between therapists and their patients through technology, has raised another $1.2 million for its enterprise mental health platform. The latest investment came from a group of investors led by Jumpstart NJ Angel Network that also includes Independence Blue Cross, Chestnut Street Ventures and Ben Franklin Technology Partner. NeuroFlow said that it is targeting major health systems with its product, and anticipates a total subscription of $1.5 million by the end of its fundraising.
Eco-friendly startup BetterPlanetPaper raises $1 million to save the environment and become “Dollar Shave Club” for toilet paper. BetterPlanetPaper, a new eco-friendly startup has just raised nearly $1 million in seed capital to save the planet and reverse the damage. Similar to other businesses like Dollar Shave Club and BirchBox, BetterPlanetPaper offers toilet paper on a recurring subscription-based model. In the United States alone, more than 68 million trees are killed annually to manufacture paper products. Its mission is to plant a tree for every purchase of it product can help save the planet. The startup is experiencing a 250 percent growth. Every time a Better Planet Paper customer places an order, a new tree is planted to reduce deforestation and support the environment in the long run. BetterPlanetPaper was founded in 2017 by CEO Scott Kufus to “revolutionize the paper consumption to make sustainability more practical.”
Apple plans to release iOS 12 and WatchOS 5 on September 17. Apple announced it will release the public version of iOS 12 and WatchOS 5 on September 17, with the Golden Master developer beta versions available to download now. The tech giant made the announcement during its iPhone XS and Apple Watch 4 launch event. iOS 12 is designed to make your iPhone and iPad experience even faster, more responsive, and more delightful. Here are the latest features and improvements in the world’s most advanced mobile operating system.
Procore Technologies is the first billion-dollar startup in the construction industry. Procore is taking on the tech giants like Oracle and IBM to become the first startup to reach unicorn status. The company is now valued at more than $1 billion. Procore is the developer of an app, called Procore. The app is the most popular piece of software in the $1 trillion U.S. construction industry. Procore’s universal platform connects construction team, applications, and devices in one centralized hub. From bidding to closeout, collaborate in real time with all your teams, on any device. Its app is used on hundreds of thousands of construction projects from sports stadiums to high-rises. Sales are approaching $200 million. Procore is in the fifth place on the 2018 Forbes Cloud 100 list.
Indonesia’s mobile POS startup Moka raises $24 million Series B led by Sequoia India. Indonesia-based point-of-sale app operator Moka has announced the closing of a $24-million Series B funding round to accelerate product development as it expands its services beyond SMEs to enterprise clients. The latest round is led by Sequoia India and joined by new investors SoftBank Ventures Korea, EDBI, EV Growth with participation from existing investors Mandiri Capital, Convergence, and Fenox. Moka helps SMEs and retailers manage payment and other business operations.
Walmart to acquire on-demand grocery delivery startup Cornershop for $225 million. As part of its retail strategy to focus on digital commerce and extend its international footprint, Walmart Inc. has agreed to buy Cornershop, an on-demand grocery delivery service in the Latin American market, for $225 million, the company said Thursday. The acquisition follows Walmart’s previous investment in Chinese online grocer Dada-JD Daojia and a working agreement the company struck this year with Japanese grocery delivery service Rakuten Kobo Inc.