In mid-November, Quirky, a beleaguered smart home hardware developer, sold one of its divisions to Flextronics. According to publicly available sources, Flex (formerly Flextronics) paid $15 million for Wink, Quirky’s platform and smart home hub division. This asset liquidation has been a long tim...
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News Commentary | February 03, 2021
Terms of the acquisition, which already closed in December 2020, were not disclosed. This comes about a year and a half after Nature's Way led Baze's $6 million Series A round in August 2019. Given that Nature's Way is a supplement manufacturer and Baze focuses on personalized supplements, there is ... Not part of subscription
News Commentary | June 03, 2021
Resale is proving to be an upward trend, as consumers are looking at secondhand or pre‑loved clothes as a means of being sustainable. Here, Etsy is entering the resale space and capturing a Gen‑Z consumer base by acquiring Depop, a consumer‑to‑consumer apparel marketplace. This news further adds to ... Not part of subscription
News Commentary | October 26, 2021
Famed venture firm Sequoia Capital is reorganizing to have one open‑ended parent "Sequoia Fund" over a variety of subfunds, some of which will remain typical closed‑ended venture funds while others invest in public markets or assets like crypto or pursue new models like registered investment ... To read more, click here.