Category: Startup News

Oolu Is Bringing Solar Energy To West Africa’s Off-Grid Population

In rural West Africa, 150 million people are currently living without electricity. Oolu, a Y Combinator company launching today, aims to reduce this number by delivering affordable solar energy to West Africa’s off-grid population, beginning in Senegal. Despite the surge of innovation in solar storage and panel technology, Oolu founder Daniel Rosa says that many people living in rural areas of West…

PicMonkey Grabs $41 Million Investment

PicMonkey, a Seattle-based photo editing web app just secured a $41 million growth equity investment from Spectrum Equity. This is the three-year-old company’s first ever round of outside funding, the site has bootstrapped its way into profitability. “PicMonkey has grown from the ground up into a profitable business without a single round of outside funding,” Jonathan Sposato, co-founder and…

Chauffeur-Privé Acquires Djump Following UberPOP Turmoils

UberPOP wasn’t the only victim of the recent taxi protests in France. Other ride-sharing companies Djump and Heetch were affected, as well. While it’s still unclear what’s going to happen with Heetch, Djump will be joining French transportation company Chauffeur-Privé. As a reminder, in June, taxi drivers violently protested against UberPOP, the confusingly named equivalent…

NewSchools Venture Fund Launches An Ed Tech Accelerator With A Focus on Science Learning

NewSchools Venture Fund, a venture philanthropy organization that has backed more than 400 charter schools and educational technology for more than 15 years, has just opened a new startup accelerator with an initial focus on science. They’re offering $1.5 million in grants, and their first project is a Science Learning Challenge. That’s for companies and…