Wayv launches Payments, the first all-digital payment solution for the cannabis market

Wayv is taking a big step towards mainstreaming the cannabis industry. Wayv Payments, launching today, is said to be the first digital, compliant payment solution for the cannabis supply chain. From growers to distributors to consumers, this solution should reduce the entire industry’s reliance on stacks of cash by providing a credit-card like transaction to…

ProducePay nabs $190 million debt financing to lend to farmers

Los Angeles-based ProducePay has inked a $190 million debt facility from Coventure and TCM Capital, to expand its lending business and marketplace for farmers. ProducePay offers farmers cash advances throughout the growing season to smooth the sometimes lumpy revenues and give farmers a bit more predictability, the company said. It buys produce ahead of delivery…

North ending production of current Focals smart glasses to focus on Focals 2.0

Smart glasses maker North announced today that it will be ending production of its first-generation Focals glasses, which it brought to market for consumers last year. The company says it will instead shift its focus to Focals 2.0, a next-generation version of the product, which it says will ship starting in 2020. Focals are North’s…

Baby food delivery startup Yumi spoon fed another $8 million in strategic funding

Babies have options these days when it comes to what goes in their mouth. No more is it just the standard mush in a jar. Now they’ve got everything from pouches to organic purees delivered right to their parents’ door — and Yumi is one of several startups cashing in. The company has just announced…

Jiji raises $21M for its Africa online classifieds business

Pan-African digital classifieds company Jiji has raised $21 million in Series C and C-1 financing from six investors, led by Knuru Capital. The Nigeria based venture, co-founded by Ukrainian entrepreneur Vladimir Mnogoletniy, has an East to West presence that includes Ghana, Uganda, Tanzania, and Kenya. Buyers and sellers in those markets use Jiji to transact…

Mindstrong Health hires leadership team with all-star tech product experience

Mindstrong Health is tackling one one of the most difficult challenges in healthcare: Severe mental illness, commonly referred to as SMI in the healthcare industry. The startup, founded in 2013 by Paul Dagum, Richard Klausner and Thomas Insel, recently brought on former Uber VP of Product Daniel Graf as CEO, and is now announcing a…

Near Space Labs provides unmatched high-resolution imaging using stratospheric satellites

Imaging is one of the key markets in the emerging space tech industry, and for good reason – there’s a proven and robust demand for imaging and Earth observation data among government, private and other clients. Orbital satellites satisfy some of this demand, and companies like Planet have grown sizeable businesses on building satellites that…

To measure sales efficiency, SaaS startups should use the 4×2

Brian Ascher Contributor Brian Ascher is a partner at Venrock, where he invests broadly across enterprise and fintech and serves on the boards of several companies, including Personal Capital, 6Sense, Socrates AI, Dynamic Signal, Retail Solutions, SmartBiz Loans, and Inrix. More posts by this contributor Running through walls: 6Sense’s Amanda Kahlow on values that stick…

Rocket Lab launches 10th Electron mission with successful rocket booster re-entry

Rocket Lab launched its 10th Electron spacecraft on Friday morning, successfully delivering payloads for clients Spaceflight and Alba Orbital. The launch company also had an important secondary mission for this launch: Testing out the guidance, control and navigation systems of their first stage rocket recovery system. Rocket Lab announced earlier this year that it would…

SpaceX nears milestone on key crew launch system test

SpaceX is keeping relatively close to schedule on one of the bold timelines pronounced by its CEO Elon Musk – an unusual but welcome twist from the company’s track record of sticking to its predicted timelines. Specifically, SpaceX notes that it has now completed seven system tests of the latest, upgraded version of the parachutes…