Modular sofa startup Burrow raises $14M

We’ve described Burrow as a startup that brings a Casper-style approach to sofas, so perhaps it’s no surprise that the company has raised funding from one of Casper’s investors. Burrow is announcing a $14 million Series A led by New Enterprise Associates. Correlation Ventures also participated in the round, as did previous investors Red & Blue […]

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Target tests a new loyalty program with 1% back, Shipt discounts and free next-day delivery

Target has begun to test a new loyalty program, “Target Red,” that combines discounts on delivery with cash back on later purchases. The program will serve as an alternative to the existing REDcard program which requires customers to sign up for a Target credit or debit card. With Target Red, customers instead earn 1 percent […]

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Alibaba doubles down on Lazada with fresh $2B investment and new CEO

Alibaba is increasing its control of Lazada, its e-commerce marketplace in Southeast Asia it acquired control of in 2016, after it injected another $2 billion into the business and replaced its CEO with a long-standing Alibaba executive. Alibaba’s first investment came in April 2016 when it bought 51 percent of Lazada for $1 billion, and […]

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Phlur, a fragrance startup launched by a former Ralph Lauren exec, is raising fresh funding

There’s no shortage of ideas being backed when it comes to direct-to-consumer e-commerce companies that are cultivating their own brands. We’ve seen everything from slippers to toothbrushes to, perhaps most famously, razor blades. Among the newer frontiers being funded right now: ingredient-conscious perfumes. For example, the  New York-based, venture-backed cosmetics company Glossier began marketing a proprietary […]

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GrokStyle’s visual search tech makes it into IKEA’s Place AR app

GrokStyle’s simple concept of “point your camera at a chair (or lamp, or table…) and find others like it for sale” attracted $2 million in funding last year, and the company has been putting that cash to work. And remarkably for a company trying to break into the home furnishing market, it landed furniture goliath IKEA as its first real customer; GrokStyle’s point-and-search functionality is being added to the IKEA Place AR app.

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Experian acquires UK’s ClearScore and its financial product matching engine for $385M

While credit-scoring behemoth Equifax continues to work through the fallout from its massive security breach, one of its big competitors is snapping up a startup in the UK to diversify its business. Experian today announced that it is acquiring ClearScore, which has built a platform that — like Experian — offers you a credit score, […]

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CFO Naeem Ishaq is leaving Boxed

Naeem Ishaq is leaving his role as chief financial officer of bulk e-commerce company Boxed. Ishaq joined Boxed in 2016, following a stint as head of finance, strategy and risk at Square. A Boxed spokesperson confirmed Ishaq’s departure, and sent the following statement from CEO Chieh Huang: Naeem is a world-class financial talent. Over the […]

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Robinhood hires Josh Elman as VP of product, who’ll stay at Greylock

Zero-fee stock trading app Robinhood is getting some product firepower as it dives into cryptocurrency and weighs platform aspirations. Investor Josh Elman will join Robinhood as its VP of product while remaining at Greylock, though in a reduced capacity as a venture partner instead of as a general partner like before. With 4 million registered […]

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