R|T: The Retail Times – Shopify collaborates with creators and Gorgias

Plus: Wayfair and Apple make more layoffs, Zellers is resurrected.

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Brüush Oral Care closes Nasdaq IPO with $15.5 million (BETAKIT)

Brüush began trading on the Nasdaq Capital Market under the symbol “BRSH” on August 3. The company filed for IPO with a $17.25 million IPO in early July. At the IPO’s close, Brüush missed its original IPO target of $1.75 million.

Gorgias valuation stands at $710m with $30m Series C for e-commerce customer support (TECHCRUNCH)

Transpose Platform and Shopify led the round and were joined by previous investors Jason Lemkin of SaaStr, Rajeev Dham of Sapphire Ventures, CRV and Alven.

Shopify launches “Collabs” to connect creators directly to merchants (BETAKIT)

Shopify says the creator economy can present a new sales channel for its merchants to reach new consumers and tap into the $104.2 billion market that continues to grow steadily.

Apple is laying off recruiters as part of its hiring slowdown (BNN BLOOMBERG)

About 100 contract workers have been laid off in a rare move for the world’s most valuable company, said the people, who asked not to be identified as the situation is private. Recruiters were tasked with hiring new employees for Apple, and the cuts underscore that a downturn is underway at the company.

Venture capital investment returns to pre-pandemic levels, according to the CVCA report for the second quarter of 2022 (BETAKIT)

The economic downturn is leading to investing themes that resemble early 2020, when investors were cautiously deploying capital and focusing on their existing portfolio companies.

Wayfair is laying off 5% of its employees. Analysts explain why the furniture retailer has been hit harder than most as the pandemic recedes (INSIDER)

On Friday, Wayfair said it would lay off about 870 employees, or about 5% of its global workforce, in a bid to cut expenses. The announcement came three months after Wayfair froze hiring.

How startups can survive a market downturn (BETAKIT)

Katy Yam, Partner at Real Ventures and Managing Director of Founder Fuel, Peter Fishman, Co-Founder and CEO of Mozart Data, and Ethan Ruby, Analytics Partner at Craft Ventures, all discussed how the right data can help leaders in startups to make survival decisions in a downturn.

Guesty sets aside $170 million to double down on property management tools for Airbnb and other rental platforms (TECHCRUNCH)

“With the way people live, work, socialize and travel, the lines between traditional hotels and rental accommodations continue to blur,” co-founder and CEO Amiad Soto said in an interview.

“Hotel operators – everyone from hosts to property managers to hotel brands – continue to adapt to this new reality. The past few years have brought new guest personas to the short-term rental market. , including traditional hotel guests who have higher expectations for experiences and services.

Adam Neumann gets new backing (THE NEW YORK TIMES)

Adam Neumann, the founder of WeWork, whose spectacular rise and fall has been chronicled in books, documentaries and a scripted TV series, has a new business — and surprising support.

Andreessen Horowitz is investing about $350 million in Flow, according to three people briefed on the deal. The investment, the largest individual check Andreessen Horowitz has ever written in a corporate funding round, values ​​Flow at more than $1 billion before it even officially opened for business.

DoorDash is ending its partnership with Walmart next month after more than 4 years of delivering products to the retail giant’s customers (INSIDER)

A person close to the situation who requested anonymity because the matter is confidential said DoorDash had decided to stop working with the retail giant “because it was no longer mutually beneficial” and to “focus on long-term customer relationships”. Their identity is known to Insider.

Interaxon secures $9.5 million to roll out subscription model for brain-sensing headband, Muse (BETAKIT)

According to Interaxon, it has seen strong market interest in the round and has opened an allocation for additional investments with a second close expected by the end of the third quarter.

She bought a house on a fledgling auction site. Now she faces more than $100,000 in repairs (CBC)

Jennifer Mealing said she was trying to get Unreserved — an Ottawa-based tech startup that markets itself as a disruptor in Ontario’s real estate sector — to take some of the blame for not disclosing a litany of major flaws in his new home and to pay for unexpected repairs. until recently fell on deaf ears.

YouSet Home and Auto Insurance Marketplace Raises $2.1M, Launches in Ontario (BETAKIT)

“We believe this investment from people with such considerable industry experience is recognition that our vision is the right one.” Said Xavier Freeman, CEO co-founder of YouSet.

Hudson’s Bay to resurrect discount chain Zellers (CBC)

Hudson’s Bay Company announces that Zellers will launch a new e-commerce website and expand its physical presence in select Hudson’s Bay department stores across the country in early 2023. a journey that taps into the nostalgia of the brand.

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