Full Glass Wine, a brand acquisition management startup that specializes in acquiring wine marketplaces, has raised $14 million in a Series A round to continue acquiring DTC (direct-to-consumer) wine marketplaces, aiming to lead the DTC wine market.
The deal is Full Glass Wine’s third acquisition in a year and will enable the startup to expand its subscription-based model.
DTC wine brands sell wine directly to wine lovers, bypassing traditional distribution channels“By uniting Winc, Wine Insiders, and Bright Cellars, we offer a one-stop shop for all things wine, catering to a wider range of wine drinkers than most traditional retailers, grocers, or single-brand DTC companies,” Neha Kumar, co-founder and COO of Full Glass Wine, told TechCrunch.
“However, there are also some misconceptions consumers might have about DTC wine.
“We’re looking at a total of at least a few dozen employees now at Full Glass Wine,” Kumar said.
Today, large swaths of the globe haven’t adopted air-source heat pumps because they don’t work as well when the mercury drops.
What’s more, the refrigerants most heat pumps use are either potent greenhouse gases or can break down into forever chemicals, researchers have found.
Heat pumps are used not just to heat and cool homes and vehicles, but also to generate heat for industrial processes, dehumidify buildings, keep food cold in grocery stores, and more.
The Biden administration announced in February that it was devoting $63 million from the Defense Production Act to boost heat pump manufacturing specifically.
Now it just has to get its super-fast compressors into production in time to catch the wave of heat pump adoption.
Sila, Group14, Envoix, and Amprius are all trying to commercialize their silicon anode technology, hoping to cash in on consumers’ desire for ever more EV range.
Ionobell, a seed stage startup, is hoping to be at the top of that list, claiming its silicon material will be cheaper than the established competition.
Both established companies impregnate porous graphite structures with silicon; Sila also adds a coating to the particles.
Ionobell’s silicon supply comes from a waste material, Neivert said, which helps keep costs down.
Like other battery materials companies, Ionobell faces a challenging road ahead.
Reddit prices IPO at $34 per share, the top of the rangeReddit priced its stock on Wednesday at $34 a share, the top of the anticipated range, a signal that investors are excited about the company’s IPO on Thursday.
The social media giant raised nearly $500 million in the offering.
Despite being profitable on EBITDA basis, Instacart and Klaviyo, two main IPOs of 2023, had lukewarm receptions on Wall Street last year.
But Reddit is still generating net losses of more than $90 million, which may bode poorly for the company’s stock amid push for profitability for newly traded companies.
The firm sold $203 million worth of contracts to AI companies for access to its data in January, according to a recent filing.
LACERA decreases venture capital allocation range, but experts say it doesn’t signal a trend Analysts say this is likely more of a one-off than a sign that LP interest in venture is waning.
The Los Angeles County Employees Retirement Association (LACERA) voted to decrease its allocation range to venture capital at a March 13 meeting.
The board of investments voted to decrease its allocation range to venture capital and growth equity from between 15% and 30% of the pension system’s private equity portfolio, to between 5% and 25%.
LACERA’s venture portfolio is currently 10.8% of the PE portfolio.
“They aren’t going to cut their venture allocation.
Coreshell, a battery materials startup, revealed a breakthrough this week that could lower the cost of lithium-ion batteries.
Forecasts for cheaper EVs are counting on a steady stream of technological improvements, including better battery materials.
Coreshell’s first product will be a silicon anode paired with a lithium-iron-phosphate (LFP) cathode.
Coreshell predicts that its silicon anodes might even give LFP an edge over traditional NMC cells with graphite anodes.
Granted, their silicon anode materials will cost more, but they’ll have the benefit of scale and experience to help bring costs down.
At the low end of this range, $31 billion, though Reddit would be worth $4.93 billion based on an expected 158.98 million shares outstanding.
With $804.0 million in 2023 revenue, Reddit is on track to trade for a multiple of 6.9x to 8.0x its revenue, depending on the valuation estimate you want to use.
Reddit’s game plan for AI is one good reason why it’s pricing its shares closer to Meta than Snap.
Reddit data constantly grows and regenerates as users come and interact with their communities and each other.
Investors might consider Reddit a side-bet on AI itself, even if the company’s core business isn’t creating AI models.
The London-based phone company’s media push largely relies on trickling out information about devices bit by bit.
Nothing Phone (2a) certainly fits the bill.
While it’s actually the company’s third handset, it’s the aimed squarely at a different demographic than the flagship Phone (1) and Phone (2).
After various teases and a handful of official image releases, the Phone (2a) finally saw the light of day (well, the warm glow of a Barcelona night) at MWC 2024.
Phone (2a) keeps the Phone (2)’s dual-camera set up, though it’s been moved to the center.
Biotech startup SynFlora brought an enticing pitch for a new type of skin treatment technology to 4YFN at the MWC tradeshow in Barcelona this week.
The Spanish startup, whose three co-founders all have PhDs, is working to improve understanding of the skin’s microbiome and engineer skin microbes with the goal of enabling more targeted and novel therapeutics.
Including things that range well beyond what we might consider skincare.
), per Knōdlseder, or even vaccines and anti-inflammatory treatments.
But the co-founders suggest they could be between one to three years away from their novel system powering a new generation of skin-delivered therapeutics.
Uber has signed a memorandum of understanding with an Indian government-backed program that aims to make mobility and commerce more accessible across the South Asian nation.
The ride-hailing giant said Thursday that it will explore an integration with Open Network for Digital Commerce (ONDC) to explore integrations with the network and expand range of its mobility offerings on the Uber app.
The ONDC is an ambitious initiative seeking to disrupt the country’s fast-growing e-commerce and mobility sectors.
Though firms like Amazon and Flipkart have expressed intentions to participate in the open network, their engagement remains limited.
“As the Open Network is continuously evolving, MTT (mobility, transport and travel) is certainly a critical sector for us.
