JOOR, an online wholesale fashion marketplace, has raised $15 million in Series B funding, according to an SEC filing from today. The round was led by Canaan Partners and joined by Advance Publications and previous investors, including Battery Ventures, Lerer Ventures, Great Oaks Venture Capital, Landis Capital and Forerunner Ventures. This brings JOOR’s total funding to $20.5 million.
Launched in 2010, JOOR provides a digital platform for B2B transactions between retailers and designers. CEO Mona Bijoor tells me the funding will be used to scale the company’s tech and sales teams. With offices in New York, Los Angeles and Milan, Bijoor says the funding will also go to opening new offices across Europe and Asia.
“We’re rapidly expanding our global footprint, and we want to keep up our pace,” Bijoor tells me. “It’s not just about the number of brands you have, but the number of retailers, because they are using it. We’re a B2B platform, it’s all about adoption.”
The company has more than 40,000 retailers and 600 brands using the site, including Diane von Furstenberg, Rag & Bone and Zappos. Bijoor tells me JOOR added 10,000 retailers in the last three months alone. That’s a big jump from when we last reported on the company in 2011. Back then, JOOR was working with 250 brands and about 7,500 boutiques.
Note: A previous version of this post said the company has over 30,000 retailers and 500 brands. That has been changed after clarifying user numbers with Bijoor.
While present-focused social networks like Facebook and Instagram make plenty of room for the narcissists in us, there’s not really a dedicated and focused place to reflect on the past.
Timehop, which started out as 4SquareAnd7YearsAgo, has evolved into a mobile-first startup that surfaces old memories from your social networks. The app will pull up status updates from a year or more ago, reminding you of friends you’ve lost contact with or thoughts you had a year ago on this day.
The New York-based startup says it just rounded up another $3 million in funding led by existing investor Spark Capital. O’Reilly Alphatech Ventures, which had also previously backed the company, participated as well. Andrew Parker, a principal at Spark, joins Timehop’s board.
Timehop’s CEO Jonathan Wegener says that the company will use the round to build out the team beyond seven people and focus on mobile apps. Timehop just shut down its e-mail service last week.
“The big, long-term vision is to be a place to reminisce online,” Wegener said. “Basically in this world, all social networks are real-time. They’re about what’s happening right now, but there’s no place online to discuss the past.”
While the Series A crunch has made fundraising tough for all kinds of consumer-facing mobile and web products, Wegener said it was Timehop’s stickiness that made a compelling case. He said one-third of Timehop’s user base opens the product on any given day, which is a very respectable retention figure.
“Users who try to the product fall in love with it. This helped us make the argument that people are working Timehop into their everday lives,” Wegener said. “At first, people don’t understand why they would want this. But they get really addicted to it. They see it as a mirror of their own life, and a reflection of their past self.”
He said he’s used the app to remember which friends he’s lost touch with over the years. The app will pull up old group photos, reminding Wegener to reach out and reconnect.
Timehop’s earlier investors also included angels like Foursquare’s Dennis Crowley, Naveen Selvadurai and Alex Rainert, Groupme’s Steve Martocci and Jared Hecht, Rick Webb and Kevin Slavin.
LearnVest, a personalized financial planning program, has raised $16.5 million in strategic funding from existing investor Accel Partners, and new investors: American Express Ventures; Claritas Capital; Ed Mathias, founding member of The Carlyle Group; and Todd Ruppert, Former CEO & President of T. Rowe Price Global Investment Services. This brings the startup’s total funding to $41 million.
Founded by Alexa von Tobel, LearnVest originally debuted back in 2009 at TechCrunch50 as an online guide aimed at teaching women to become more financially savvy. As we wrote a few years back, the startup was Suze Orman blended with personal finance site Mint.com. Last year, LearnVest pivoted slightly to aim for both men and women, and became a full-fledged investment advisor.
As von Tobel explains, LearnVest is now more like Weight Watchers for your finances. The company offers the LearnVest Action Program, which is a seven, step by step program that takes you from cutting expenses to budgeting for goals to investing your money. All users get a certified financial planner who gives them specialized attention based on their financial needs and goals. Von Tobel adds that each of these advisors has gone through training and is empathetic to all financial situations. Financial plans starting at $89 for the budget version. The five-year plan is $299 and the portfolio builder is $399.
From the sounds of it, it looks like LearnVest may get a huge marketing boost from AmEx to push its financial planning product. “We believe strongly in the mission of LearnVest Planning to provide accessible financial advice,” said Harshul Sanghi, Managing Partner, American Express Ventures, in a release. “As we seek to expand our portfolio of products across American Express, we believe LearnVest Planning can be an important partner in helping us to bring customers more convenient, affordable and transparent ways to manage their money.”
With headquarters in New York City, the company has now opened a west coast office in Phoenix, Ariz., to serve as a hiring and training hub for the company’s team of financial planners. In addition to the investment, LearnVest Planning is debuting Workplace Solutions, a financial wellness platform that companies can offer as an employee benefit.
Mathias and Ruppert are advisors, as is Susan Lyne, AOL’s Brand Group CEO and Vice Chairman of Gilt Groupe (and our boss’s boss’s boss); and Ann Sardini, former CFO of Weight Watchers.
There are plenty of startups that want to disrupt wealth management, including Wealthfront, Betterment and of course, Mint. But von Tobel says that LearnVest Planning is really focused on a broader demographic because the program triages individuals for financial health and then gives them an action plan. She believes that LearnVest is the most hands-on financial planning program you’ll find.
This has to be one of the most uniquely disruptive uses of 3D printing I’ve seen: an ink refill company has successfully 3D-printed a Kodak ink cartridge, refilled it, and printed with it. Using a Makerbot Replicator 2 and some PLA, the company created an exact replica of the Kodak cartridge casing and stuck in an ink bladder of their own devising, thereby creating a sort of Frankenstein’s monster of ink delivery.
To be clear the company, InkFactory, is fooling no one here. The ability to print an outer casing for an inkjet printer cartridge is fairly limited and is useful only if you have a nice supply of bladders or you break your cartridge. This holds doubly true for cartridges with chips and delivery systems built-in. Until we can make high-resolution, soft prints using a 3D printer, there is no real way to make an entire cartridge on a home printer and there is almost no way to replace the cartridges that have proprietary circuitry built in.
That said, the ease with which they replicated the casing and placed their own ink in is heartening. The fact that you can now measure, design, and build a proprietary object should strike fear in the hearts of ink merchants everywhere and there are plenty of people out there who would, in a fairly unscrupulous manner, supply the proper ink bladders to home makers who simply want the nozzle and ink container and will make their own PLA or ABS cartridges.
As a proof of concept it’s great. It’s a perfect storm of righteous indignation – ink refillers stick it to public enemy #1, ink salesmen, by using the tools of mass production. If Marx had a tech blog, he’d be all over this. It’s a cute, if sensational, way to get the word out about ink replacement and I’m sure it will send someone at what’s left of Kodak scrambling to type up a cease and desist letter.