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VC Firm Greycroft Raises $680M In Search Of Next Venmo, Subscription Startups

PYMNTS

Venture capital firm Greycroft , based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg , looking for "the next Bumble or Venmo.". The firm plans to invest $310 million in early-stage startups and $370 million in growth-stage startups, the report stated.

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How Digital Innovators Capitalize On Subscription Businesses

PYMNTS

Some providers are capitalizing on the concept by launching new services that offer access to premium content such as newspapers and magazines in exchange for a monthly fee. subscription box market by 2022 is £1b. Each box contains eight to 12 products. Customers are said to receive roughly $200 worth of products for $49.99

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Wardrobe: Recommerce Meets The Sharing Economy In Bid To Become The ‘Airbnb of Fashion’

PYMNTS

From what they call the “lender’s” point of view, suppose a 40-something woman in Los Angeles looks in her closet and notices that there are three great blazers, three great skirts and two pairs of Louboutins that don’t get much usage. There are three ways to look at Wardrobe.

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Logistics Startup Serving HelloFresh Lands $4.3M

PYMNTS

million in new venture capital (VC) funding. The company currently operates in Los Angeles and San Francisco, California, with expansion plans to enter other new markets in the first quarter of 2018. The company has deployed innovative robotic technology in its operations as well, improving its operations and overall speed. “We

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Postmates Raises $300M In Venture Funding; Gives Tiger Global Management Seat On Board

PYMNTS

“Postmates is proud to be the first and largest on-demand network that is enabling the growth of retail across the country, and today’s investment accelerates our ability to pair technology with the vitality of our neighborhoods.” The company also said it expanded its reach in the U.S.

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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world. As PYMNTS has reported , Verizon plans to bring its 5G technology to 30 U.S. 5G Potential. 5G Potential. Verizon’s 5G Play.

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Costco Sees Shares Fall, Announces Two-Day Delivery

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Bulk goods retailer Costco saw its shares fall 6 percent on Friday (Oct. Orders totaling less than $35 will be subject to prices approximately 15 to 17 percent higher than those found in-store, according to the Los Angeles Times. Costco cited competition from new grocery delivery services as the catalyst for the revenue dip.