Tuesday, 13 Nov 2018
Category: Seattle

KZen raises $4 million to bring sanity to crypto wallets

KZen, a company run by former TC editor Ouriel Ohayon, has raised $4 million in seed to build a “better wallet,” obviously the elusive Holy Grail in the crypto world. Benson Oak Ventures, Samsung Next, Elron Ventures invested. Ohayon, who has worked at Internet Lab and founded TechCrunch France and Appsfire, wanted to create an […]

On-demand trucking app Convoy raises $185M at $1B valuation

CapitalG, the growth equity arm of Alphabet, has led the $185 million round in Convoy, its first investment in the Seattle-based, tech-enabled trucking network. The round brings Convoy’s total raised to $265 million and values the company at $1 billion. New investors T. Rowe Price and Lone Pine Capital participated in the financing alongside existing […]

Amazon opens its largest Amazon Go convenience store yet

Amazon is picking up the pace when it comes to unveiling its line of “stores of the future,” today opening its second cashier-less Amazon Go convenience store in the last week. More Amazon Go locations are expected to land in other cities soon, though the company has yet to confirm any plans. The latest location is its third overall […]

Seattle gets its first staffed Amazon pickup delivery hub

You’d think Seattle would be first in line for all things Amazon, but apparently the online retailer’s home city didn’t yet have a dedicated brick and mortar Amazon pickup location. The locations function as little centralized Amazon shipping hubs for normal pickups and returns, but they also enable one-day pickup for a large selection of […]

Washington sues Facebook and Google over failure to disclose political ad spending

Facebook and Google were paid millions for political advertising purposes in Washington but failed for years to publish related information — such as the advertiser’s address — as required by state law, alleges a lawsuit by the state’s attorney general. Washington law requires that “political campaign and lobbying contributions and expenditures be fully disclosed to […]

Shared housing startups are taking off

When young adults leave the parental nest, they often follow a predictable pattern. First, move in with roommates. Then graduate to a single or couple’s pad. After that comes the big purchase of a single-family home. A lawnmower might be next. Looking at the new home construction industry, one would have good reason to presume […]

Seattle passes new tax on large companies despite Amazon’s howls of protest

Seattle’s city council voted unanimously to approve a new tax on the largest employers in the city, despite strong opposition by Amazon and other affected companies. The tax, on companies with more than $20 million in receipts, will amount to about $275 per employee and is intended for use in improving conditions for the city’s […]

The formula behind San Francisco’s startup success

Why has San Francisco’s startup scene generated so many hugely valuable companies over the past decade? That’s the question we asked over the past few weeks while analyzing San Francisco startup funding, exit, and unicorn creation data. After all, it’s not as if founders of Uber, Airbnb, Lyft, Dropbox and Twitter had to get office […]