“We are a very successful niche player, and I recalled being asked: why we were planning to be profitable so soon in the model. My response was: because we can. In one of the other 50+ rejections, I heard that the respective fund was not keen to proceed because they had serious doubts I could raise subsequent rounds, my answer to that was that I was building a sustainable company and not a fundraising machine.” Learn more about how Valeria Morozovsky Girimonte was able to break through and raise the first institutional round for REDD Intelligence, the leading intelligence platform for emerging markets.
Techs and the City
Professional networking sites like LinkedIn help millions of people connect and build their professional network, but if you’re an actor or performer, LinkedIn probably isn’t the best destination if you want to get discovered for your next on-camera role. Casting Depot is the network for on-camera talent connecting casting directors and actors/performers. AlleyWatch caught up with Cofounder Lacey Kaelani to learn more about the company’s public launch and the company’s mission to bring much-needed change to the casting industry.
The average time to get a drug to market, crossing FDA hurdles, is 12 years and costs in excess of $1B. And in those twelve years, there is animal testing, human trials, and dozens of other steps that a company needs to go through. TARA Biosystems has found a way to generate human tissue OUTSIDE of the body that can be used in the drug development process to test safety and effectiveness without harming animals or risking human life. CEO Misti Ushio shares some insight on the potential of in vitro biology for drug development, TARA Biosystem’s different lines of business, and recent funding round from investors that include OMX Ventures, Merieux Equity Partners, Partnership Fund for New York City, Trancos Ventures, DEFTA Partners, and Tachyon Ventures.
Lululemon, the Vancouver-based athleisure company, has agreed to acquire NYC-based Mirror, the connect fitness system for $500M in an all-cash transaction.
For the majority, traditional weight loss programs don’t work long-term. The weight loss industry has been focusing on the number on the scale, but the science tells us it’s more complicated. Calibrate, backed by $5.1M Seed round led by Forerunner Ventures, addresses metabolic change to bring sustainable results for the 175M Americans that are overweight. Isabelle Kenyon shares more about the science behind weight loss and the company’s future plans.
Software is changing the way venture capitalists manage the business ranging from solutions that address recruiting, platform, ops, fund accounting, pipeline management, follow-ons, and cap table management. TABS Score is the solution that addresses the process of due diligence. Lexie Anderson shares more about the “Diligence-as-a-Service” platform.
With more than 60 million freelancers in the US and the belief that an increasing number of businesses will rely on freelance workers in the post-pandemic era, shares of Upwork rose a staggering 49.3% in May. Lili is the banking and financial services app that helps freelancers better manage their work and personal finances. work and personal accounts in one centralized platform, AlleyWatch caught up with serial entrepreneur Lilac Bar David to learn more about how Lili is playing a role in shaping the future of work, the company’s recent funding round, and how the app saves freelancers up to 60 hours and $1.7K per annum.
Carolyn Childers and Lindsay Kaplan identified a lack of resources and community for the 5 million women in America who identify as senior leaders. The duo launched Chief to help women build lines of succession into these leadership positions. AlleyWatch caught up with Carolyn to learn more about the flourishing business (8000+ waitlist) and the company’s transition to offer virtual services in the wake of the pandemic.
Cadence is a cross-market brand that touches the lifestyle, beauty, wellness, fitness, and travel spheres. The mass-market potential comes from the fact that we aren’t asking consumers to change their existing habits: we’re providing a solution that fits into their daily lives. CEO and Cofounder Steph Hon shares how Cadence is taking plastic from beaches and turning into one of the most pragmatic purchases you’ll buy.
Studies reveal that 46% of women say they are not comfortable talking about their period as a reason for needing time off work yet 23% have been forced to take time off for severe menstrual symptoms. Elix Founder and CEO Lulu Ge chats with us about the new menstrual brand developing personalized herbal formulas to alleviate menstrual symptoms.
Lesley Eccles cofounded a unicorn with her husband. The toll on a relationship that building a flourishing business brings led her to launch an interactive relationship training app so that what we can all be our best selves for our partners. Meet Relish…