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Scoop: Quiet juggernaut Ashley Furniture makes $1B acquisition Ashley Home Furnishings last week announced an acquisition of Resident Home, an Indiana mattress maker that primarily sells via direct digital marketing. The big picture: Few media outlets picked up on it, likely because Ashley neglected to mention that it...

Funding to accelerate investment in the Company’s customer-centered retail AI platform MOUNTAIN VIEW, Calif., March 14, 2024 (GLOBE NEWSWIRE) -- MOUNTAIN VIEW, California — March 11, 2024 — Lily AI, ("Lily” or the "Company”), a retail technology platform specializing in AI solutions for retailers and brands, today...

Pet-grooming software company Moego raises $24M Moego, a payments and scheduling software company for pet groomers,raised $24 million in Series A funding led by Base10 Partners, the companytells Axios exclusively.Why it matters: Investors have been betting on the growing number of petsin the country — and...

By Carey Lai, Robin Chan and Veda Patel Getting into one’s dream college can often be a life-changing event. But the college admissions process has become increasingly competitive and stress-inducing, leaving many students and their parents feeling helpless. College admissions counseling has long existed to help...

DraftKings Reaches Agreement to Acquire Jackpocket for $750 Million Transaction Expected to Drive $60 Million to $100 Million of Adjusted EBITDA in Fiscal Year 2026 February 15, 2024 16:24 ET| Source: DK Crown Holdings Inc.   BOSTON & NEW YORK, Feb. 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG)...

By Carey Lai   With the Federal Funds rate having gone from 0% in February 2022 to 5.25% today, gone are the days when capital no longer has a cost. In an elevated interest rate environment, VCs and CEOs alike have now shifted from a “growth at...

After a CEO finds product-market fit, the inevitable question he or she asks is, “How fast do I grow to raise my next round?” It isn’t a simple question. Unfortunately, the venture community creates oversimplified benchmarks around minimum revenue growth rates of 2x, 3x or,...