Thrive Market Raises $111 Million

Online health-food store Thrive Market of Marina del Rey has raised a $111 million round, reports the New York Times. The company sells about 3,000 different health foods, supplements, house hold, personal care and beauty products at near wholesale prices online.

Green Dot Names New Chairman

Pre-paid card company Green Dot Corp. has named William I Jacobs as its chairman, according to a press release. The move fulfills the company’s recent commitment to separate the chairman and chief executive roles.

Snapchat Explores Paying Users

Snapchat Inc. has filed patents that indicate it is considering paying users to post photos and videos, reports the L.A. Times. The filings reveal that Snapchat automatically could analyze annotations on an image, including text and digital stickers, to prompt users to place their images in a public gallery.

Aerojet Rocketdyne Consolidates Space and Defense Businesses

Aerojet Rocketdyne, which is moving its headquarters to El Segundo in July, has consolidated its space and defense businesses units. By eliminating about 10 senior-level employees, the company hopes to save about $8 million a year.