Verizon Ventures and R/GA are announcing a new program called the Verizon Media Tech Venture Studio. Stephen Plumlee, R/GA’s global COO and managing partner of R/GA Ventures, explained that the interactive agency’s “venture studios” started out similar to other startup accelerator programs, but they’ve expanded to provide access to “financial capital, creative capital and client relationship capital.” In
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Grocery delivery startup Instacart has raised another $400 million in a new round of financing at a valuation of $3.4 billion, according to sources familiar with the deal. Axios broke news that Instacart was in talks to close the deal last week. Instacart executives declined to comment for this story. Over the past year, Instacart has weathered a number
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Cloud content management company Box posted fourth-quarter earnings after the bell on Wednesday with shares quickly plummeting in initial after-hours trading. They mostly recovered, trading down just 1 percent by late afternoon. Box beat investor expectations with an adjusted loss of 10 cents per share versus the negative 14 cents forecast. Revenue for the quarter was also
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