Leaf Group raises $23.3 million in secondary offering; online dollar store Hollar contracts with InVia Robotics; and plumbing monitoring company Phyn raises $10 million.
Leaf Group raised $23.3 million in a secondary public offering of its stock on Feb. 12, the Business Journal reports. Funds will be used for working capital and potential acquisitions, the Santa Monica-based company announced earlier this month.
InVia Robotics, the provider of the next generation of robotics warehouse automation solutions for e-commerce fulfillment centers, announced on Feb. 13 that online dollar store Hollar has deployed its inVia Picker robots and cloud-based management system to streamline e-commerce fulfillment in its Los Angeles warehouse, according to a press release. Hollar will initially deploy 100 inVia Picker robots and scale as needed to address seasonal shopping and company growth.
Plumbing monitoring company Phyn raises $10 million from Uponor, a supplier of plumbing for residential and commercial buildings, according to a press release. The investment will be used to accelerate Phyn’s sales and scale the company’s operations as it gears up to ship its debut product the Phyn Plus.
Technology reporter Garrett Reim can be reached at firstname.lastname@example.org. Follow him on Twitter @garrettreim for the latest in L.A. tech news.