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PORTFOLIO COMPANIES IN THE NEWS

Lily AI lands $20M Series B extension to fuel AI expansion

Lily AI lands $20M Series B extension to fuel AI expansion

Lily AI, an e-commerce product discovery platform, raised a $20M Series B extension to expand into new geographies and use-cases.

Leveraging new consumer trends and vernacular, Lily AI wants to translate data into language customers actually use.

Axios

March 14, 2024

DraftKings to Buy Jackpocket for $750 Million

DraftKings to Buy Jackpocket for $750 Million

DraftKings (DKNG) plans to acquire lottery app Jackpocket for about $750 million in cash and stock in a deal that will allow the sports-betting giant to expand into lottery games.

The company said it would pay about 55% of the consideration in cash from its balance sheet. The remainder will be payable in common stock.

Wall Street Journal

February 15, 2024

HopSkipDrive beats new California ride-sharing emissions targets

HopSkipDrive beats new California ride-sharing emissions targets

Youth ride-share startup HopSkipDrive beat two key new California emissions standards in 2023, an accomplishment the company believes will bolster its case for relying more on shared passenger vehicles to get kids and teens to and from school.

TechCrunch

February 14, 2024

Connected car consolidation, as Urgently acquires Otonomo in reverse merger

Connected car consolidation, as Urgently acquires Otonomo in reverse merger

Otonomo, a connected automotive company that has seen its stock price plummet since going public in 2021, has announced that it is coming together with Urgently, a roadside assistance tech provider, in a reverse merger. The two are combining in an all-share deal that will see Urgently shareholders take 67% of the company and Otonomo shareholders take 33%. The stock, which had traded under OTMO on Nasdaq, will now trade under the ULY ticker.

TechCrunch

February 10, 2023

Colorado Springs School District 11 hires rideshare company, HopSkipDrive to combat bus driver shortage

Colorado Springs School District 11 hires rideshare company, HopSkipDrive to combat bus driver shortage

School has been back in session for a couple of months, but hiring bus drivers is still a problem in Colorado and locally.

District 11 in Colorado Springs is trying to combat the issue by hiring a third-party rideshare service to bring kids to and from school. The company is called HopSkipDrive and specializes in transporting children.

Koaa News5

October 10, 2022

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