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Archivo del Autor: Belen De Leon

‘Brotopia’ inspired OODA Health to raise its $40.5M round only from firm’s with female partners

It’s never particularly easy to raise a round of venture capital — but I think most experienced founders will tell you its not quite as bad the second or third time around, when you’ve got some experience under your belt and a track record to present to VCs.

It helps if you’re male too, at least according to all the data out there on the gender funding gap in VC.

The leadership team at OODA Health, a startup developing technology to make the U.S. healthcare payment system more efficient, is both male and experienced. But unlike most companies of that nature, OODA decided to raise money for the business only from VC firms that have at least one female leader, a solution to one of tech’s greatest problems that is oft suggested and rarely executed.

“‘Brotopia’ really hit me hard,” OODA Health co-founder and CEO Giovanni Colella told TechCrunch.

Colella is the founder and former CEO of Castlight Health, which raised nearly $200 million in VC funding before going public on the NYSE in 2014. Co-founder and COO Seth Cohen is Castlight’s former VP of sales and alliances and co-founder and CTO Usama Fayyad is the former global chief data officer at Barclays and Yahoo .

The trio ultimately landed on lead investors Annie Lamont of Oak HC/FT and Emily Melton of DFJ, both of which have joined the company’s board of directors.

We have a responsibility of setting an example,” Colella said. “There is no machismo in what we’ve done. We are not better than you because we did it. We were blessed. We had more investors that wanted to invest than we could accommodate.”

Though the company’s c-suite is occupied by men, Cohen and Colella were quick to clarify that the rest of their founding team, head of operations Julie Skaff, head of product Sophie Pinkard and director of product strategy Midori Uehara, are women.

The team began working on OODA Health last year after Colella and Cohen agreed to build something that would upend the healthcare industry. Healthcare, they realized, is at least 20 years behind the advances in financial tech.

The pair said their real aha moment was when they learned even insurance companies — the real laggards — are ready to be rid of the slow, futile billing and payment methods that accompany any and every doctor and hospital visit.

“The idea of submitting a claim and not knowing when you are going to get reimbursed or get a bill, that has been the same for decades,” Cohen told TechCrunch. “Imagine, today, if you took a Visa card and you went to a restaurant … and then a month later received a bill, that’s how healthcare works.”

If OODA has their way, paying for a doctor’s visit will be more like paying for a hotel. You’re told upfront what you owe and you work exclusively with the insurance company to make that payment. And in this idyllic future, you won’t receive an “explanation of benefits” notice in the mail as well as a bill and subsequently fall into a downward spiral of confusion, stress and frustration.

Headquartered in San Francisco, OODA has teamed with several big-name insurance providers, including Anthem, Blue Cross Blue Shield of Arizona, Blue Shield of California, Zaffre Investments, Dignity Health and Hill Physicians to make this happen.

As far as lifting up women in VC, that’s purely been a side benefit of the overall operation.

“At the end of the day, we found two of the best investors to back us,” Cohen said.


Source: TechCrunch

Vegan meal delivery startup Allplants is served £7.5M Series A funding

Allplants, a London-based startup that delivers ready-made “plant-based” meals (that’s vegan, to you and me), has raised £7.5 million in Series A funding. The round is led by VC firm Octopus Ventures, which was an early backer in healthy snack delivery company Graze.

Additional investors in the round include existing backer Felix Capital (which I’m told has doubled its seed investment), Swedish VC firm Otiva, unnamed partners at VerlInvest (who are participating in a personal capacity), David Milner (ex-CEO Tyrells), Simon Nixon (founder of MoneySupermarket), and video blogger Jack Harries. Allplants reckons it is the U.K.’s largest Series A round for a vegan company.

Based on the premise that switching to a plant-based diet is the most impactful way to reduce our environmental footprint (and improve health), Allplants has developed a delivery service that wants to make it “effortlessly easy to eat more plants”. Specifically, either as a one-off or on a subscription basis, it delivers healthy, chef-made, vegan meals, for you to reheat at home.

They are “quick frozen” to lock in freshness and the idea is that you receive six meals at a time, to serve one or two people each, making the model more scalable and delivery more cost-effective. When your food is delivered you store it in your own freezer and cook/eat as needed, before your next order.

Since being founded in 2017 by brothers Jonathan and Alex Petrides, Allplants says it has served over 250,000 meals nationwide to plant-inspired foodies and built a “movement” with over 70,000 online fans. Notably, the company is a B-Corp, promising to do good by people and the planet.

Meanwhile, Allplants says it will use the investment to develop a broader range of ready-to-eat food, accelerate the growth of its community, further grow its North London-based 40-plus team, and expand the capacity of its production kitchen, which will operate on renewable and waste-created energy.

Adds Allplants’ Jonathan Petrides: “Most allplants customers aren’t veggie or vegan, they’re curious and hunting for convenient, healthy ways to boost their busy lives. This investment well help us fuel the plant-based movement forward”.


Source: TechCrunch

Sony announces the PlayStation Classic, its own mini retro console

If you’re the kind of person who has two beers and regularly launches into the same 20 minute-long ode to the original PlayStation for playing a seminal role in the maturation of gaming as an art form, well, do we have some news for you. Sony just announced its intentions to give the PlayStation the (winning) Nintendo Classic treatment with a tiny to-scale version of the PS1 called the PlayStation Classic. The teeniest new console is scheduled to hit shelves on December 3, retailing for $99.99.

Like Nintendo’s wildly popular SNES and NES Classics that paved the way, Sony’s PlayStation Classic will come pre-loaded with a cache of well-loved games. The PlayStation Classic’s lineup will feature 20 classic games, including Final Fantasy VII [editor’s note: hell yeah], Jumping Flash, Ridge Racer Type 4, Tekken 3, and Wild Arms. 

“Almost 25 years ago, the original PlayStation was introduced to the world. Developed by Sony Computer Entertainment, it was the first home console in video game history to ship 100 million units worldwide, offering consumers a chance to play games with real-time 3D rendered graphics in their homes for the first time,” Sony said, waxing nostalgic in a blog post announcing the console. We’re here for it.

“Long-time fans will appreciate the nostalgia that comes with rediscovering the games they know and love, while gamers who might be new to the platform can enjoy the groundbreaking PlayStation console experience that started it all.”

According to Sony, the new mini PlayStation will be 45% smaller than a real PlayStation, complete with smaller controllers that also mimic their forebears. Each unit will ship with an HDMI and USB cable and two controllers for couch multiplayer. The consoles will be available to pre-order at some retailers in Canada and the U.S and more details (including the 15 other games) so keep an eye out — Sony will be sharing more details in the next month or two. All games “will be playable in their original format” so expect them to look and feel just like they did in the dark ages, when things were simple and good.

Most of us can agree that this particular nostalgia baiting tactic is awesome, take our money, but have you seen this thing? It’s extra cute. Maybe it’s because the PS1 had those iconic circular buttons that echoed its game discs and round things are cute like Kirby is cute (Toad, on the other hand, is over).

If you spent significant time marveling over the PS1 when it made waves in 1995, you too likely retain a proprioceptive kind of intimacy with its then cutting-edge form. Do you remember precisely how much give the buttons had when you depressed them, how the disc hood yawned open gracefully, almost suspensefully? Of course you do.

Sure we gave five years of our actual lives to this thing — what’s a few months more?


Source: TechCrunch

iPhone queues are so long Deliveroo brings you food while you wait – CNET

No one’s starving tonight!
Source: CNET

Toyota's Supra engineers haven't talked to BMW since 2014 – Roadshow

The rebirth of Toyota’s iconic supercar is very definitely happening, thanks to the help of BMW, but once the initial engineering was done Toyota’s team chose to do it their own way.
Source: CNET

Toyota Supra first drive review: More reset than reboot – Roadshow

Toyota’s new Supra is getting closer to reality, and it’s coming via an interesting route: Germany. There’s more than a little BMW in Toyota’s new sports car, but that isn’t necessarily a bad thing.
Source: CNET

Google will match up to $1M in donations for Hurricane Florence relief

As cities in Hurricane Florence’s path deal with its aftermath, Google will match up to $1 million in donations to help with relief efforts.

The disaster’s death toll is currently 35 people and about 343,000 people in North Carolina are without electricity. The hurricane caused widespread flooding and property damage throughout North Carolina, South Carolina and Virginia.

 

Google drew attention to its Hurricane Florence donation campaign with a banner that appeared on top of Gmail for some users. Google has matched donations for other disasters before, including Hurricane Irma and Hurricane Harvey last year. It’s also raised money for humanitarian efforts crises, like a 2015 matching program for up to $5.5 million in donations to provide aid to refugees in Europe. For that campaign, it temporarily added a “Donate” button to its search homepage.

The company is partnering with non-profit Network for God to collect and distribute funds. All donations will be directed to the American Red Cross, which Google said it chose to work with “because of their strong track record and existing response in the region.”

Other tech companies helping with Hurricane Florence relief include Amazon, which enabled Alexa users to make donations by saying “Alexa, donate to Hurricane Florence disaster relief” and sent trucks with food and donated items to affected areas, and Apple, which donated $1 million to the American Red Cross. Airbnb also offered free rooms to people fleeing the hurricane.

 


Source: TechCrunch

Bert and Ernie, gay or not? Either way, you're right – CNET

Commentary: A Sesame Street writer says the inseparable Muppets were a loving couple, while the show says they were just best buddies. Ultimately, it’s up to you.
Source: CNET

Mastercard signs on as global partner for League of Legends – CNET

The multi-year deal will see Mastercard become the game’s exclusive payment service partner.
Source: CNET

Disney could add TV shows starring Loki and Scarlet Witch to its new streaming service – CNET

It just gets better and better.
Source: CNET

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