Snap Inc. signs data subscription deal with Factual, storage startup Clutter raises $64 million, and baby food subscription service Yumi raises $4.1 million.
Factual Inc. announced on Tuesday that it signed a deal to sell its location data to Snap Inc. for use in Snapchat, reports the Business Journal. Gil Elbaz, chief executive of Century City-based Factual, declined to disclose the value of the deal, but said Snap purchased the data as part of a subscription agreement representing one of the largest deals the company had ever signed.
Storage startup Clutter raised a $64 million round to expand its on-demand pick-up storage service around the country and globe, reports Forbes. The company plans to use its new money to fund expansion into about 50 markets in five years, including every big city in the United States and several abroad.
Yumi, a baby food subscription service, raised a $4.1 million seed round from investors including Brand Foundry, August Capital and NEA, reports TechCrunch. The meals arrive in an insulated container, along with ice packs to keep it fresh, and prices start at $50 per week for six meals.
Technology reporter Garrett Reim can be reached at email@example.com. Follow him on Twitter @garrettreim for the latest in L.A. tech news.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Baby Food Company Gobbles Up $4.1 Million in Venture Funding
- Snap Inc. Signs Data Subscription Deal With Factual
- Silicon Beach Report Jan. 20: Former Snap Executive Launches New Venture
- Clutter Acquires Storage Fox for $152 Million
- Silicon Beach Report Jan. 31: Clutter Considers $200 Million Raise
- Silicon Beach Report May 4: Soylent Raises $50 Million, Plans In-Store Sales
- Silicon Beach Report Aug. 1: Snap Inc. Excluded from S&P 500 Due to Non-Voting Shares
- Silicon Beach Report Jan. 12: Venture Capital Investment in Los Angeles Drops