Loftsmart and Fabric Raise Series A, J.Crew Launches Plus-Size with Universal Standard, Buster Acquired & more...
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LoftSmart is an online marketplace for the 18 million students in the US spending $155B on private rentals. They provide landlords with workflow tools and renters with a digital platform to streamline an end-to-end rental process from search-to-signing-to-payments.
LoftSmart was founded in 2015 when CEO Sam Bernstein, recipient of the Thiel Fellowship and Forbes 30 Under 30, dropped out of the University of Virginia and moved to Austin, TX, where he met co-founder Sundeep Kumar, an engineer at Dell. LoftSmart has already become the leading student housing rental platform at several campuses. This Series A funding will allow LoftSmart to both go deeper at existing campuses as well as expand to other major campuses nationwide.
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J.Crew has announced a partnership with cult-favorite plus-sized brand Universal Standard to bring modern, elevated essentials to women from size zero to 32! The Universal Standard x J.Crew collection is now available online and in 12 select J.Crew stores.
Universal Standard helped the J.Crew team grade for larger sizes, determine the best way to manufacture a broader spectrum, and address challenges that could arise due to the expansion of sizing. "This is the beginning of an authentic change in the apparel industry and the start of true inclusivity," says US Founder Alex Waldman. "Through this partnership, we are able to reach a larger audience, typically marginalized by the traditional retailer, and make clothing available to all women."
Read more from Universal Standard
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Fabric, a New York-based life insurance startup, raised $10 million in Series A funding led by Bessemer Venture Partners. The funding will go to further support their mission: to help families achieve financial security through ease of use by combining world-class engineering and design.
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Financial services company SolidX has partnered with investment firm VanEck to launch the first physically-backed bitcoin exchange-traded fund that would reflect the performance of the price of Bitcoin. The SolidX team has been involved with the bitcoin ecosystem since 2011 and was one of the first sponsors to file a registration statement for a bitcoin-based ETF.
Read more from BusinessWire |
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BusBank, the group transportation booking platform of choice for professional sports teams, music festivals, Fortune 500 companies, and event planners, has acquired Buster, the tech-savvy startup that makes it easy to book group transportation online.
Read more from BusinessWire |
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Entrepreneur sat down with Jonathan Neman as part of their 20 Questions series. Read the full interview here. |
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