International fitness and wellness marketplace ClassPass has notched $285 million in a Series E funding round led by L Catterton and Apax Digital, with support by existing investor Temasek, the company announced on Wednesday (Jan. 8).
The funds come on the heels of the startup's global expansion into 28 countries and partnerships with over 1,000 employers for its corporate wellness solution.
Launched in 2012 by Payal Kadakia under the name Classtivity, ClassPass closed $2 million in seed funding in March 2014 after rebranding. Six months later, the startup raised $12 million in a Series A round by entrepreneur Fritz Lanman, who now serves as CEO. The company had a $470 million valuation in 2017.
In case you are keeping track:
Phillips Edison Acquires Del Paso Marketplace in Sacramento | Business Wire
"Sacramento is an attractive market that has seen tremendous job and population growth, creating a compelling opportunity for us to continue to strengthen our portfolio metrics and deliver strong returns to our shareholders," said David Wik, Senior Vice President of Acquisitions at PECO. "This acquisition caps off a successful execution of our acquisitions strategy in 2019.
PECO has a robust acquisitions pipeline managed by a national, in-house acquisitions team from which it continues to source opportunities to acquire high quality grocery-anchored shopping centers diversified by grocer, geography and tenancy.
Marketplace for Kids takes over MSU
MINOT, N.D.- Hundreds of enthusiastic young students have turned out here at Minot State University for the 20th Annual Minot Marketplace event.
The program provides students in third through eighth grade their first chance to explore career options, enhance personal development and develop innovation. Career classes take place throughout the day to let kids experience fields they want to explore.
The main event takes place inside of the MSU Dome at an invention convention where ideas the kids come up with throughout the year are displayed. A group of 4th graders from Perkett Elementary School showcased their inventions. Students Addision Rallow and Hatti Reinke shared their experience and how they came up with their ideas.
Home improvement marketplace Porch raises $21M as it pushes toward profitability – GeekWire
Porch is raising a pile of cash as the Seattle-based home improvement marketplace aims to reach profitability.
Porch raised $20.6 million as part of a Series C round, according a filing with the U.S. Securities and Exchange Commission. The regulatory filing indicates the round could ultimately grow to as much as $37 million.
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CEO Matt Ehrlichman told GeekWire the round will help the company's push toward profitability and fund operations. Investors include early stage venture fund Moderne Ventures, HVAC distributor Watsco, among others, and existing investors.
In case you are keeping track:
How US businesses can prepare for an Iranian cyberattack - Marketplace
It might be a big, bold attack on symbolic targets, like government websites or the power grid, for which Iran openly claims responsibility. Or attacks could be much more subtle — damaging, but not immediately apparent.
Mark Rasch: The most important thing right now for the U.S. government is to share whatever threat intelligence it has with the private sector.
Jack Stewart: How well protected are entities, businesses in the U.S. against this type of attack?
Most U.S. auto makers in China are having a tough time - Marketplace
If you're a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that's radio, podcasts or online.
Fewer NYC evictions after tenant rights are beefed up - Marketplace
New York State enacted a series of laws in June 2019 shielding tenants from big rent hikes in both rent-regulated and market-rate apartments, and providing more tenants with additional legal protections against eviction by landlords. According to city data analyzed by the Legal Aid Society , since the changes, evictions in New York City have fallen by 18.3%.
If you're a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
The top 7 issues for Amazon marketplace merchants in 2020 - Business Insider
With an estimated 8 million third-party sellers, Amazon is one of the largest online marketplaces in the world.
Those sellers account for almost 60% of Amazon's sales volume, the company said last year , with the rest coming from its first-party wholesale side. It is why Amazon's CEO Jeff Bezos said third-party sellers are "kicking butt" last year, as the marketplace continues to grow in size and influence.
But that scale makes Amazon's marketplace an increasingly difficult place to sell for some of the merchants. They have to navigate through the constantly changing policies and stay on top of new services — all the while figuring out how to fend off bad actors that sell counterfeits or create fake reviews.
Happening on Twitter
That fitness of #NadippinNayagan @Suriya_offl !! #SooraraiPottru https://t.co/QUSRAt9lr3 SSMusicTweet (from Chennai) Wed Jan 08 08:24:10 +0000 2020
Check out @MensHealthMag raiding my fridge and hitting the gym with me https://t.co/cycFN4KG8f AustinMahone (from Miami, FL) Tue Jan 07 23:21:40 +0000 2020
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