E-cigarette unicorn JUUL is reportedly cutting 650 jobs, roughly a sixth of its workforce. The layoffs follow a string of negative developments for the San Francisco company, including a rise in vaping-related illnesses, the specter of tougher regulation, and growing concern over youth e-cigarette use.
LawnStarter, an on-demand lawn care and maintenance service, just raised $10.5 million in a growth round led by Edison Partners. The Austin-based company, which says it is profitable, operates an app and online platform that matches customers and lawn care providers.
WeWork’s turnaround plan revolves around a back-to-basics strategy that includes divesting non-core businesses it acquired or backed in recent quarters. Broadly, the blueprint has four key planks: cutting extraneous operations, layoffs, boosting its real estate footprint, and improving management.
Seed and early stage investor Angular Ventures just closed a debut $41 million fund to invest in deep tech and enterprise companies. The firm, which is based in London, Tel Aviv, and New York, plans to cut checks between $250,000 and $1.5 million.
Chicago-based Starting Line announced that it closed $17 million in capital commitments for its inaugural fund, which will invest in seed and early-stage B2C startups. The firm is led by Ezra Galston, a former professional poker player and founder turned venture capitalist.
Shares of 36Kr, a China-based publishing and data company focused on the startup and tech economy, fell in first-day trading. Previously, the company had cut the size of its offering and shares at the bottom of the proposed range.
We recently closed our Series C funding round for $30 million, and while it’s a very exciting time for us, we recognize that many of our users are in similar stages at their own companies. In the spirit of our mission to help innovators find new opportunities, we wanted to share a version of our own Series C pitch deck, and three lessons we learned through this process.