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Core Innovation Capital Backs On-Demand, Life Insurance Startup Bestow

socalTECH

Los Angeles-based fintech investor Core Innovation Capital has backed a new startup, Bestow , which is developing an algorithm-driven, on-demand, life insurance platform. yesterday, in a round led by New Enterprise Associates, and also included Core Innovation Capital, Morpheus Ventures, and 8VC. READ MORE>>.

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Massage-on-demand company, Soothe, raises $31 million

TechCrunch LA

The massage-on-demand service Soothe seems to be rubbing investors the right way with the close of a new $31 million round of funding. The Series C round from late stage and growth capital investment firm, The Riverside Company , caps a busy first quarter for the massage service.

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Human Capital: Moving away from ‘master/slave’ terminology

TechCrunch LA

Welcome back to Human Capital, where we explore some of the latest news in labor, diversity and inclusion in tech. Human Capital will soon be available as a weekly newsletter. Meanwhile, we’re seeing ads for Yes on 22 inside on-demand apps. TGIF, am I right? Image Credits: Screenshot of DoorDash app via TechCrunch.

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Demand Media's Rosenblatt Resigns

socalTECH

In a surprise move, Santa Monica-based Demand Media said late Monday that founder, Chairman, and CEO Richard Rosenblatt has resigned from the company. Demand Media said that it has appointed Shawn Colo as interim President and interim CEO, effective immediately, with James Quandt taking the Chairman position. READ MORE>>.

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Demand Media Gets $225M Credit Facility

socalTECH

Santa Monica-based online publisher Demand Media said Tuesday afternoon that it has entered into a new, $225M credit facility, split between a $125M revolving credit facility and a $100M term loan. According to Demand Media, the new facility replaces an existing, $105M revolving credit facility. READ MORE>>.

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Wrench’s on-demand vehicle repair and maintenance service picks up $20 million

TechCrunch LA

Wrench , the Seattle-based on demand vehicle maintenance and repair service for consumers and fleets, has raised $20 million in its latest round of financing. The company’s round was led by Vulcan Capital with additional participation from Madrona Venture Group, Tenaya Capital and Marubeni Corp.

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8 Strategies To Capitalize On Untapped Global Markets

Startup Professionals Musings

He comes from a background in venture capital from inside and outside the Valley, as well as entrepreneurship work with startup efforts around the world. I second his list of top innovation challenges and strategies to capitalize on untapped global startup opportunities: Create new markets rather than disrupt existing ones.

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