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GenNx360 Acquires B2B Industrial, AMW Packaging

PYMNTS

New York private equity firm GenNx360 Capital Partners has acquired B2B Industrial and the assets of AMW Packaging Supply , which will give the company a boost in the industrial packaging space, according to a press release. B2B Industrial is based in Illinois, while AMW is based in Arizona.

Industry 181
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Food Delivery Shows No Sign Of Abating In Summer

PYMNTS

DoorDash, the country’s largest deliverer of restaurant meals, could be valued as high as $15 billion following a likely infusion of capital from existing investors. The interest among established buyers in growing food delivery operations is far more than a U.S. Uber Technology is reportedly offering $2.6 phenomenon.

Arizona 162
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UPS Invests In Autonomous Driving Firm TuSimple

PYMNTS

The delivery company also said that it’s been testing self-driving trucks on a freight route in Arizona since May. From the regulatory perspective there is a long way to go,” said Todd Lewis, managing partner at UPS Ventures. Right now, autonomous UPS trucks are operating an a stretch of highway between Phoenix and Tucson, Arizona.

Tucson 100
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Stuck in the middle: Addressing the gap in senior housing with financial solutions.

PopularBank

The so-called “forgotten middle” has been a hot topic for many owners and operators as they look to enhance the options with independent housing and assisted living, hoping to help those trapped in the middle gap. As part of that plan, owners and operators should work with their lender on the following considerations.

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Einride Presses The Pedal On Autonomous Delivery

PYMNTS

Sweden-based Einride , which makes autonomous delivery vehicles, has raised $25 million in fresh capital. The company works in partnership with fleet managers to deploy those vehicles, or sells them outright, and has clients such as supermarket chain Lidl. Currently, the company is working with two unnamed tractor-trailer makers. “By

Houston 116
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Nuro Raises $940M From SoftBank For Robotic Delivery

PYMNTS

Nuro, the robotics company operating in the commerce market, announced on Monday (Feb. In a press release , the company said that to date, it has raised more than $1 billion from SoftBank, Greylock Partners and Gaorong Capital. 11) that it has raised $940 million in financing from the SoftBank Vision Fund.

Arizona 100
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Utah’s new regulatory sandbox

CFPB Monitor

This bill created the nation’s third regulatory sandbox program for fintechs, after Arizona , which enacted sandbox legislation in March 2018, and Wyoming , which enacted sandbox legislation in February of this year. Arizona’s program, in contrast, is administered by the Arizona Attorney General.

Utah 60