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  • From food delivery to housing: Former Favor founders raise millions for Sunroom Rentals

    10 days ago - By Tech Crunch

    Real estate tech startup Sunroom Rentals , which leases units on behalf of property managers and apartment owners, has raised $11 million in a Series A round of funding led by Gigafund.
    Ben Doherty and Zachary Maurais, former founders of the delivery app Favor, launched Sunroom in May 2018 with the mission of “boosting the profitability” of mid-size property managers and apartment owners by giving them a way to outsource their leasing operations.
    The pair sold Favor to Texas grocer H-E-B in 2018 and soon after shifted their focus on building out Sunroom. The Austin-based company has...
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  • After GameStop Craze, Reddit Raises Even More Money-Uping Series E To $368 Million

    10 days ago - By Forbes

    Reddit has doubled its valuation from two years ago, a sign investors think the 16-year-old social media company has a bright future.
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  • Reddit ups Series E round by another $116 million

    10 days ago - By Tech Crunch

    Reddit, which announced a $250 million Series E earlier this month, has added over $116 million to the financing event, upping the round's most recent total to $367 million, according to a new SEC filing. The document shows that Reddit is aiming to raise up to $500 million in this capital raise.
    A Reddit spokesperson confirmed the news, saying that the new capital is from ”new and existing investors.” They offered no specifics on names. The spokesperson did confirm that the new capital did not come with a new valuation, keeping the platform at its previously-announced valuation of $6...
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