You are here

A venture firm focused on real estate, Navitas Capital, just raised $60 million

A venture firm focused on real estate, Navitas Capital, just raised million Real estate heavyweights clearly don’t want to be left in the dust by tech startups that see opportunities to do things more efficiently, more transparently, and more affordably than has previously been possible in the long clubby, expensive, and opaque world of real estate. Just one indicator is their sudden interest in venture capital. Indeed, a six-year-old, Beverly Hills, Ca.-based early-stage firm called Navitas Capital that focuses largely on real estate tech, including intelligent building design, just sealed…

Read More

Apple GymKit is coming to a treadmill near you

Apple GymKit is coming to a treadmill near you Exercise gadget integration hasn’t exactly been elegant in the past. It’s been half a decade since Apple transitioned to the lighting connector, and still I regularly see the long-retired iPod 30-pin cable flopping off treadmill dashboards at gyms all around the country. It’s impossible to say how any of this will look five years from now, but at the very least, Apple’s new GymKit offering is certainly more refined than most of what’s come before it. Unveiled at WWDC over the…

Read More

Babierge might just be the answer to your baby gear travel nightmares

Babierge might just be the answer to your baby gear travel nightmares Traveling with a baby for the holidays? First you’ve got your own gear to worry about, then a stroller, something for the baby to sleep in like a bassinet or pack n’ play, a baby carrier, toys, snacks a diaper bag, possibly a car seat and whatever else the plane might allow you to shove into the overhead compartment or check at the gate. Then you’ve got to soothe and entertain the little one so everyone on the…

Read More

With markets going crypto-crazy, SEC chairman weighs in

With markets going crypto-crazy, SEC chairman weighs in Given the crazy run cryptocurrencies like bitcoin, ether and litecoin have been on in the last week, it was only a matter of time before the Securities and Exchange Commission weighed in. Well, now it has in the form of an open letter from SEC Chairman Jay Clayton. Clayton addresses his comments to both main street investors and to financial services and market professionals that are selling the new financial products and he has choice words for both. A tl;dr of the…

Read More

Iron Mountain acquires IO Data Centers US operations for $1.3 billion

Iron Mountain acquires IO Data Centers US operations for .3 billion Iron Mountain announced today that it’s acquiring the US data center assets of IO Data Centers for a cool $1.3 billion — and the price tag could potentially go higher With today’s purchase, Iron Mountain gets some serious assets including four state-of-the-art data centers in Phoenix and Scottsdale, Arizona, Edison, New Jersey and Columbus, Ohio. The four buildings in total encompass 728,000 square feet of data center real estate with 68 megawatts of capacity. Iron Mountain also reported there is…

Read More
Technology 

Skin betting: 500,000 children gamble every week, Gambling Commission warns

Skin betting: 500,000 children gamble every week, Gambling Commission warns About half a million children and young people gamble every week, a Gambling Commission report is expected to show. The regulator has warned that children as young as 11 are using so-called skin betting websites, which let players gamble with virtual items as currency. The items won – usually modified guns or knives within a video game known as a skin – can often be sold and turned back in to real money. The Gambling Commission is releasing its annual…

Read More

Max Levchin’s Affirm raised $200 million at nearly $2 billion valuation

Max Levchin’s Affirm raised 0 million at nearly billion valuation Affirm, the platform that helps consumers find financing is getting some financing of its own. The San Francisco-based company confirmed that it’s raising $200 million, led by GIC, a Singaporean sovereign wealth fund. Existing investors Khosla Ventures and Spark Capital are also participating. Affirm’s valuation is estimated to be between $1.5 billion and $2 billion, as first reported by the Wall Street Journal. Investors are betting on Max Levchin, the PayPal co-founder who runs Affirm. “The growth of the company has been…

Read More

Former Gawker employees are crowdfunding an effort to buy Gawker.com

Former Gawker employees are crowdfunding an effort to buy Gawker.com Gawker may soon return from the dead. While Univision acquired most of Gawker Media’s sites last year (and renamed them as the Gizmodo Media Group), the deal didn’t include Gawker itself. In fact, BuzzFeed reported last month that a bankruptcy administrator has not been able to find a buyer for the Gawker site, and that lawyers for Peter Thiel (the billionaire venture capitalist who helped fund the lawsuit that led to Gawker’s bankruptcy) were arguing that he’d been unfairly excluded…

Read More

Netflix users collectively watched 1 billion hours of content per week in 2017

Netflix users collectively watched 1 billion hours of content per week in 2017 Netflix users burned a lot of time watching content in 2017, though metrics seem to point that users have been watching less and less on average over time. In a year-end blog post, the streaming service announced that users watched more than 140 million hours of content per day, or 1 billion hours per week. As of Q3 2017, the company has more than 109 million subscribers, a little less than half of which are in the US….

Read More

N26 partners with Younited Credit to launch credit offering in France

N26 partners with Younited Credit to launch credit offering in France German startup N26 is now live in 17 European countries, but many features first launched in Germany and never made their way to other markets. The startup is slowly expanding core features to other key markets. That’s why the company is partnering with Younited Credit to launch consumer credit in France. It works pretty much like the existing credit feature in Germany. In the app, you swipe to the credit tab and answer a few questions about yourself. You’ll…

Read More