Indigo Fair, the AI-based supplier and marketplace for small retail outlets, has successfully closed a US$12-million Series A financing round led by Forerunner Ventures’ Kirsten Green and Khosla Ventures, with participation from Sequoia Capital.
Indigo Fair, which has offices in San Francisco and Waterloo Region, made the announcement Thursday, adding that Green would join the firm’s board of directors.
“I couldn’t be more thrilled to add [Green’s] expertise to our ranks as we continue to grow our platform,” said CEO and co-founder Max Rhodes.
Green’s VC firm is a rarity in that it’s female led. Her acquisitions are beginning to create a stir, and she was profiled in Forbes last November.
Left to right, Indigo Fair co-founders Marcelo Cortes, Daniele Perito, and CEO Max Rhodes. (Photo courtesy Indigo Fair)
“She’s no stranger to the retail market,” said Rhodes. “Forerunner Ventures is the only VC firm to invest in both Dollar Shave Club and Jet.com, two of the biggest and highest-profile e-commerce exits in recent years, and counts Away, Birchbox, Bonobos, Glossier, Warby Parker and Zola among its portfolio companies.”
Indigo Fair simultaneously announced integrations with Square and Shopify, moves that it says will “equip our retailers with the power of data in their decision making, taking
Joseph Fung, CEO and co-founder of Kiite, says the tech community has lost its way – that the train has come off the rails.
Tech, he says, is broken. “Really, terribly broken. And if we aren’t willing to admit that, we’re never going to be able to fix things.”
In recent months, a deluge of stories has emerged with themes that would suggest that tech is indeed broken – that it is changing the world, but not necessarily for the better: Social media platforms rife with fake news and bots; gender and racial discrimination at tech firms; sexual misconduct in Silicon Valley; governments threatening to rein in tech giants; fears of AI killing jobs or even taking over humanity.
Those developments are why Fung and his sister, Donna Litt – Kiite’s co-founder and Vice-President of Operations and Marketing – have lined up behind True North Waterloo, a conference slated for May 29-31 that’s designed to tackle tech’s ills head on.
“I love the fact the conference is happening right now,” says Fung. “This [conference] is not only an admission [that there’s a problem], but a collaborative effort to help set things right.”
Fung and Litt have watched tech’s fall from grace with growing alarm and confusion.
“The stories of
A big part of my job as Communitech’s Community Relations Manager is working with community groups and charities to create relationships with the tech ecosystem. Some people call this corporate social responsibility; others call it community building, but with so many groups eager to make these connections, I call it a match made in heaven.
For local charities, the value in engaging tech groups is pretty obvious: they get access to an engaged and growing community in their region, and from there, hopefully more support via volunteers, fundraising or general awareness.
The value for tech companies and startups to maintain productive relationships with community groups is equally plain to see. At an organizational level, participation in charitable campaigns is a sign of a healthy and connected workplace culture that helps retain talent and tightens bonds among teams. Volunteerism is a great way for young people who are new to the region to form relationships outside of work, get involved with worthy causes and grow stronger ties to their community. And for people with families or headed towards retirement, it’s an even greater way to shape the legacy you leave for your community.
It can be hard to know where to begin when
Gord Edall, The Globe and Mail’s Director of Globe Labs and Corporate Security Officer, talks to the Nimble Hippo about the future of the newspaper industry and the important role it will play in filtering content for its readers.
Gord has led Globe Labs from its inception and shares many of the insights he’s gained during his time at the Globe. He talks about the importance of measurement, sequestering the teams, and allowing the freedom to explore.
Nimble Hippo Radio recently caught up with Gord during a visit to Communitech. For other Nimble Hippo stories, as well as other Communitech podcasts, subscribe at news.communitech.ca/category/podcast/