Quadrant has agreed not to sell more shares until the company releases its FY 2021 results.
Adore’s founders Kate Morris and James Height will earn $45.9 million each by selling 40 per cent of their holdings. Their individual stakes will fall from 19.3 per cent to 10.8 per cent each.
The founders’ remaining shareholdings will also be escrowed to prevent further sales, but for unspecified time periods.
Quadrant bought its 60 per cent stake in September 2019, leading some professional investors to ask why it has only waited just over a year to sell its ownership interest. The likely answer being that Quadrant believes now is a good time, given soaring e-commerce valuations.
On the plus side, Adore will still be led by its founders over the long term, with most great growth businesses on the sharemarket led by founders.
On face value, Adore looks a retail star
(Bloomberg) — Trading in Pandora A/S shares gave the jewelry maker its highest valuation since May 2018, after it raised its guidance for the year citing a spike in online demand.
Copenhagen-based Pandora rose more than 10% after the market opened on Friday. Denmark’s index of benchmark shares was up about 0.9%.
Management opted to publish preliminary third-quarter results late on Thursday, after a “strong” performance improved its prospects for the year. It now expects 2020 Ebit margin to reach at least 17.5%, compared with 16% previously. That’s after online organic growth of 89% in the quarter.
Click here for
Exer Labs has raised $2 million in funding and unveiled its AI and computer vision Exer Studio app for the Mac. Exer Studio captures your movements for coaching advice and offers Peloton-style leaderboards for workouts.
The Denver-based fitness startup captures your movements with your laptop’s camera and evaluates your form. It can share your results with friends, fitness coaches, or others to see where you rank on the leaderboards, motivating you to work harder or faster.
CEO Zaw Thet said in an interview with VentureBeat that Exer relies on edge-based AI (meaning it uses your smartphone’s computing power) and computer vision to power its motion coaching platform. It offers real-time audio and visual feedback on almost any type of human motion via a Mac (and its camera), without having a human in the loop. The mission is to help people move, train, and play better. Coaches can use the app
Golden is announcing that it has raised $14.5 million in Series A funding. The round was led by previous investor Andreessen Horowitz, with the firm’s co-founder Marc Andreessen joining the startup’s board of directors.
When Golden launched last year, founder and CEO Jude Gomila told me that his goal was to create a knowledge base focused on areas where Wikipedia’s coverage is often spotty, particularly emerging technology and startups.
Gomila told me this week that “companies, technologies and the people involved in them” remain Golden’s strength. In that sense, you could see it as a competitor to Crunchbase, but with a much bigger emphasis on explaining and “clustering” information on big topics like quantum computing and COVID-19, rather than just aggregating key data about companies and people. (By the way, both TechCrunch and the author of this post have their own profile pages, though the latter is woefully empty.)
SAN FRANCISCO, Sept. 30, 2020 /PRNewswire/ — Coralogix today announced it has raised a $25 million Series B funding round, bringing the company’s total amount raised to $41.2 million. New investors Red Dot Capital Partners and O.G. Tech Ventures (backed by Eyal Ofer) co-led the round with participation from existing investors Aleph VC, StageOne Ventures, Janvest Capital Partners, and 2B Angels. Barak Salomon of Red Dot Capital partners and Roy Oron of O.G. Tech Partners will join the board of directors.
Coralogix also announced today the launch of ‘Streama’, its real-time analytics solution. The new release challenges the cost model of observability by allowing customers to pay according to data priority instead of solely on volume. By re-engineering the Elasticsearch engine, Coralogix is able to offer queries, alerts, and its ML capabilities without the use of storage.
“Over the last few years, companies have had to forgo
- Sisu, a new chain of beauty clinics founded out of Ireland, has raised $5.5 million in Series A VC funding from Greycroft and Bullpen Capital.
- Sisu’s clinics offer Botox, anti-wrinkle injections, and teeth whitening, and other aesthetic procedures.
- “People are increasingly getting procedures done not for vanity but because they want to change subtle features,” Sisu cofounder Dr Brian Cotter told Business Insider in an interview.
- Visit Business Insider’s homepage for more stories.
Beauty disruptor Sisu has raised $5.5 million in Series A funding from Greycroft and Bullpen Capital.
Sisu, founded out of Ireland, is a chain of beauty clinics that offers aesthetic procedures such as Botox, anti-wrinkle injections, and teeth whitening.
Despite its clinics closing during the main months of the coronavirus pandemic, Sisu is confident that it can succeed in a market which is set to be worth $15.9 billion by 2025, per Markets and Markets.