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ShipMonk Pulls In $290 Million For eCommerce Growth Effort

PYMNTS

ShipMonk has pulled in $290 million in a funding round led by Boston-based Summit Partners as part of an expansion effort. Florida’s ShipMonk, started in 2014, offers eCommerce fulfillment services and technology solutions. Summit Partners Managing Director Christopher Dean and Vice President Chelsea Jurman will join ShipMonk’s board.

Boston 167
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Today In Retail: Wayfair Exceeds Estimates; Carvana Sales Surge; SA Company Pivots With Pandemic

PYMNTS

Bloomberg reported this week that Boston-based home décor eCommerce giant Wayfair turned in strong third quarter financials, noting that the firm’s quarterly results “exceeded analysts’ estimates, suggesting the wave of home improvement inspired by the COVID-19 pandemic is lingering.”. These are the top stories in retail for Tuesday (Nov.

Company 131
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PYMNTS 11

PYMNTS

51 million : That’s the amount of new funding that Druva, an India-based enterprise security company, has secured from Sequoia Capital India and a new backer, Economic Development Board Investments, based in Singapore. Luckily, the PYMNTS 11 is here to break it all down. Luckily, the PYMNTS 11 is here to break it all down.

ATM 100
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CFPB announces new appointments to advisory groups

CFPB Monitor

Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Chi Chi Wu, Staff Attorney, National Consumer Law Center, Boston, MA. Dion Kidd Johnson, President, Chief Operating Officer and Chief Risk Officer, Western Bank, Alamogordo, NM. Raul Vazquez, Chief Executive Officer, Oportun, Redwood City, CA.

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Mega-Rounds Boost Funding In Restaurant Tech

CB Insights

July 2017 saw the two largest-ever restaurant tech deals: a $151M private equity investment by Vista Equity Partners to Providence-based Upserve , and a $101M Series C (with participation from Bessemer Venture Partners, Generation Investment Management, and Lead Edge Capital) to Boston-based Toast. Track restaurant tech startups.

Trends 28
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Quantopian Adds Chief Investment, Compliance Officers Ahead of Opening Fund to Public

Fintech Labs Insights

Quantopian announced on Friday that Derek Meisner (pictured) had joined the company as General Counsel and Chief Compliance Officer, to help build what Quantopian CEO John Fawcett called a “compliance and operational infrastructure” as the company prepares to take its hedge fund to the public. The company has raised $23.8

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20 Alums Make the First Forbes Fintech 50

Fintech Labs Insights

To make the cut, companies were required to have operations in the U.S. FinovateFall 2014 demo. Founded: 2014. Exit: Purchased by Morningstar in 2014 for $52.5 FinovateEurope 2014 demo. FinovateSpring 2014 demo. Personal Capital. FinovateSpring 2014 demo. HQ: Boston. Betterment.