No Picture

Lightfoot gets $4M to nudge more drivers to go smooth with a ‘Fitbit for cars’

November 19, 2018 Alex 0

UK car tech startup lightfoot, which sells a telematics system that gives real-time feedback to drivers combined with a rewards platform to further incentivize good driving, has picked up £3.2 million (~$4M) from London-based early-stage venture fund BGF.

Former Dyson CEO, Martin McCourt, also contributed to the investment, and will join lightfoot’s board as a non-executive chairman.

The startup has previously received grant funding from government-backed Innovate UK and later an innovate loan. But this looks to be their first tranche of VC.

Lightfoot’s telematics device, which it bills as a sort of ‘Fitbit for cars’, plugs into a vehicle’s onboard computer and rests on the dashboard — where the driver can easily see the visual cues it provides as they drive (using a traffic light color-coded feedback system).

The idea is to offer a more reciprocal alternative to traditional ‘blackbox’ telematics systems which just record driving data and don’t give the driver an opportunity to imp..

No Picture

Amazon Prime members can see Aquaman a week early at participating cinemas

November 19, 2018 Alex 0

Amazon Prime members will be able to watch Aquaman in cinemas up to six days before its official release in the US. Each subscriber will be able to purchase up to 10 tickets for a 7pm showing on December 15th, just under a week before the film officially opens on December 21st.

The promotion continues Amazon’s historically amicable relationship with cinemas, which sits in contrast to its rival Netflix. As well as previous partnerships that have seen early screenings of 2017’s Jumanji: Welcome to the Jungle and Hotel Transylvania 3, Amazon has also tended to release its original movies in cinemas before bringing them to its streaming service. Meanwhile, Netflix has tended to cut cinemas out of its major releases, a move that’s caused it…

Continue reading…

No Picture

Facebook to pay to train local newspaper reporters in UK

November 19, 2018 Alex 0

Facebook is donating 4.5 million pounds ($5.8 million) to train journalists in Britain to support communities that have lost local newspapers and reporters, in no little part due to ad revenue and readers switching online to the social media giant.

No Picture

China’s JD.com misses revenue estimates

November 19, 2018 Alex 0

China's JD.com Inc reported third-quarter revenue on Monday that fell short of analysts' estimates on sluggish sales in its core e-commerce business. Revenue was 104.8 billion yuan ($15.09 billion) for the quarter ended Sept. 30, compared with an average estimate of 106.2 billion yuan from 22 analysts, according to IBES data from Refinitiv.

No Picture

Plastiq raises $27M at 2X+ value to let you pay for anything on credit

November 19, 2018 Alex 0

“I wasn’t asking to pay in Bitcoin!” Plastiq CEO and co-founder Eliot Buchanan recalls with a laugh. “I went to pay part of my tuition at Harvard and I was told that they didn’t (and never would) accept credit card. It was inconvenient and seemed odd. Credit cards had been around for 50 years.” That set off the a light bulb in his head. “Why couldn’t I use a credit card to pay for this important bill? So, I set out to solve my own problem.”

Whether you’re trying to pay your rent or tuition on credit, or your have a business and want to invest in a new opportunity or get a better rate by paying vendors up front, Plastiq can help. For a flat 2.5 percent fee, you pay Plastiq through their credit card, and it issues the proper wire transfer, check, or deposit for up to $500,000 on your behalf to whoever you owe.

Now with over 1 million clients, growth stage VCs are taking notice. Kleiner Perkins has just led a $27 million Series C for Plastiq with partner Ilya Fushman joining the board…