Good morning! Below are some of the top tech startup news for today, Wednesday, August 14, 2019.
All co-founders of Facebook’s big acquisitions are now gone. Social giant Facebook just lost the last remaining co-founder from one of its biggest and most important acquisitions. Oculus co-founder Nate Mitchell announced Tuesday that he’s departing the Facebook-owned virtual reality company after seven years. Facebook bought Oculus for $2 billion in 2014. His departure marks the latest example of an executive departing the company after Facebook acquired it. Nate said in a tweet on Twitter, “Some bittersweet news to share. After 7 incredible years at Oculus / Facebook, I’m moving on. It’s been a privilege to be a part of the VR community, and I can’t wait to see what comes next: reddit.com/r/oculus/comme…”
Schedulicity Secures $22 million funding round to drive growth and announces launch of payment processing technology. Schedulicity, a tech startup that provides online platform for consumers to schedule appointments, classes and workshops in more than 50 industries, has $22 million funding round to support the launch of a disruptive payment processing platform, an upcoming consumer-facing brand campaign, as well as growth at the company’s Bozeman, Montana headquarters. The fund was led by private investors. Since launching in 2010, the Bozeman, Montana-based company has helped generate more than $8 billion in commerce for its partner businesses.
Finch receives funding from PE Firm to advance paid media insights platform. Finch, a paid media automation platform designed to provide insights into the complicated world of digital marketing, has raised undisclosed amount of capital investment to grow their software development, marketing, and sales initiatives. Founded in 2009, Finch harnesses the power of AI to provide clarity into the complicated landscape of paid media. The Finch platform reduces marketing data complexity and provides unique, data-driven insights into paid media campaigns. Finch has spent a decade improving and inventing digital marketing automation software and accruing an impressive portfolio of over 750 customers.
Chan Zuckerberg Initiative Announces Funding Opportunity for Bay Area Organizations. The Chan Zuckerberg Initiative (CZI) today announced the opening of the 2020 CZI Community Fund, a funding opportunity for Bay Area organizations* addressing the most critical needs in their communities. Organizations and groups supporting the communities of Belle Haven, East Palo Alto, North Fair Oaks, and Redwood City are encouraged to submit applications for grant funding. Applications can be submitted online or through paper application from August 13, 2019, through September 12, 2019. Launched in 2017, the CZI Community Fund supports organizations in Belle Haven, East Palo Alto, North Fair Oaks, and Redwood City to address basic and most urgent needs identified by local communities. We proudly support and partner with local organizations working to solve these challenges.