My Green Lab, a nonprofit that seeks to define and certify sustainability standards, has launched a commercial subsidiary, Impact Laboratories Inc., for which it has closed a financing round of $1.35 million, says Spokane-based CEO James Connelly. Financing for Impact Laboratories came from members of the Spokane Angel Alliance and the Spokane-based Kick-Start Seed Fund. The organization,
German grocery delivery startup Flink is reportedly receiving another 100 million euros ($106.7 million) from investors to extend its runway and try to outlast its competitors. The startup is also in discussions with rival food delivery companies about a potential merger, Bloomberg reported Wednesday (April 17), citing unnamed sources. Flink did not immediately reply to PYMNTS’ request
With younger generations getting more of their day-to-day needs met via direct-to-consumer (D2C) subscriptions, investors are backing eCommerce wine platforms by the millions. Most recently, brand acquisition firm Full Glass Wine Co., which focuses on the D2C wine category, announced that it raised $14 million in its Series A funding round and that it has acquired wine subscription
Bengaluru: Peak XV-backed Foxy, a beauty ecommerce platform, is shifting focus to offer consultative services, including skincare advice to customers, said a person familiar with the matter, requesting anonymity. Lightspeed India, along with existing investors Matrix Partners and Peak XV (formerly Sequoia Capital), is expected to infuse more than $10 million to support the company’s
Latin American eCommerce and payments firm Mercado Libre is reportedly set to invest a record $2.5 billion in Mexico this year, up from the $1.6 billion spent in 2023. The investment will be distributed across various business areas, including warehouse expansion, logistics network enhancement, loan increases, salary payments, and marketing and technology investments, Bloomberg reported