Connect with us

Tech News

With $15M, The Riveter plans to open 100 new female-focused co-working spaces – TechCrunch

Published

on

In a disappointing year for female-founded startups — at least those looking to raise venture capital — The Riveter not only closed its first institutional funding round, but it’s today announcing a $15 million Series A funding, bringing its total backing to $20.5 million.

The Seattle-based co-working startup, led by co-founder and chief executive Amy Nelson (pictured), has raised the capital from lead investor Alpha Edison, with support from Madrona Venture Group, New America president and CEO Anne-Marie Slaughter, fashion designer Liz Lange and TOMS founder Blake Mycoskie .

As of November, startups founded by all-female teams had closed 391 deals worth $2.3 billion, an increase from the $2 billion invested in 2017, though still just 2.2 percent of all VC invested this year.

Nelson, an advocate for female entrepreneurs who’s spoken publicly about women’s struggles in the workplace, the difficulties of launching a business in a man’s world and raising venture dollars as a solo female founder, started The Riveter in 2016 after a decade-long career as a lawyer. Today, the startup operates five locations in the U.S., with ambitious plans to open another 100 female-focused co-working spaces by 2022.

“I want The Riveter to be the place people think of when they think of women and work,” Nelson told TechCrunch.

The Riveter has 2,000 members throughout its locations in Seattle, Bellevue, Wash. and Los Angeles. Its expansion plans include new spots in Texas, Colorado and Portland.

The spaces are built with women in mind but are not exclusive to one gender. Nelson tells us The Riveter’s membership is 25 percent male, setting it apart from spaces like The Wing, which is only available to female-identifying people.

A look inside one of The Riveter’s Seattle co-working spaces

“I don’t think the future is female, I think the future is fluid,” she said. “Gender is becoming an outdated idea but at the same time, it’s important to think of women when we build these spaces … There is a lot of value to women’s only spaces but our take on it is we want to redefine the future of work for women and we want everyone to be part of it.”

The Riveter provides space to work and collaborate; a digital network, currently in beta, for its members to connect; and programming ranging from office hours with venture capitalists to “self-care Saturday.”

Other investors in the startup include Brilliant Ventures, The Helm and X Factor Ventures.

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech News

2024 Kia EV9 Three-Row Electric SUV Reveals Range, Power And Tech

Published

on

The EV9 will be available with two different battery sizes and three different configurations of electric motors. The Standard RWD option receives a 76.1 kWh battery pack, while a larger 99.8 kWh battery powers both the Long Range RWD and AWD configurations. The Long Range RWD is the least powerful, with a 201 horsepower motor at the rear axle that pushes it from zero to 60 mph in an extremely lethargic 9.4 seconds. The estimated range for this model is 336 miles on a full charge. 

Do note that the estimated range was calculated using the more lenient WLTP method. When the range estimate is recalculated using the stricter EPA method in the U.S., expect that 336-mile figure to drop below 300 miles. Next up is the Standard RWD model with its 214 horsepower motor. With more horsepower than the long-range version and a smaller, lighter battery pack, this model achieves zero to 60 mph in 8.2 seconds. Better, but still pretty pokey. Unfortunately, Kia did not provide a range estimate for this model.

Lastly, we have the AWD variant, which packs a 371-horsepower punch from dual motors that scoot it from zero to 60 mph in a respectable 6.0 seconds flat. Interestingly, the automaker has indicated that an optional Boost feature will be available for purchase at the Kia Connect Store, which increases torque and facilitates a faster zero to 60 mph time of just 5.3 seconds. Once again, no range estimate was provided for the AWD model.

Continue Reading

Tech News

EV Maker Lucid Plans Widespread Layoffs In Effort To Cut Costs

Published

on

Beyond the letter sent to staff, Lucid shared some details about the upcoming layoffs in a regulatory filing, the most notable of which is that it will eat $24 million to $30 million as a result of its restructuring due to expenses like severance pay for laid-off workers. Executives aren’t immune from these cutoffs nor are contractors. Assuming everything goes according to plan, the entire debacle will be wrapped up by the end of the company’s second quarter. 

The move isn’t surprising in light of Lucid’s February 2023 announcement that it needs to reduce its spending. The company was hit by a sharp drop in demand for its luxury EV in recent months, and it entered the new year in a weak position amid the wider economic uncertainty many face in our largely post-pandemic days. 

The news came only a few weeks after the company’s biggest competitor, Tesla, announced sharp price cuts that made its already popular EVs even more attractive to consumers. The automotive market was hit particularly hard by the supply chain disruption that occurred during the height of the pandemic, leaving some new cars benched while used car prices climbed and manufacturers made hard compromises in the name of getting units out the door. 

Continue Reading

Tech News

Traditional Custom Keyboard With Future In Sight

Published

on

If the form factor of the Compact Touch appeals but the price is too high, there are some alternatives to consider. The first would be the HHKB, the very first keyboard line with this particular key arrangement. The latest HHKB Hybrid costs $266.62, uses its signature Topre electrostatic rubber domes instead of mechanical key switches, and adds USB-C and Bluetooth connectivity. It doesn’t have an internal rechargeable battery but uses two AA batteries for power. It can pair up to four devices, and switch between them with keyboard shortcuts.

If wireless isn’t necessary, Mode Designs’ Envoy is a 65% form factor in aluminum or polycarbonate chassis, with customizable options for accent pieces, case color, weight, plate, and PCB. It starts from $189 without keycaps, switches, or stabilizers. This keyboard also has a futuristic design, a rubber mounting system that can be adjusted to be firmer or more flexy, and is programmable using QMK or VIA, the two most widely used firmware sets for custom mechanical keyboards.

The Keychron Q2 costs $209.99 with keycaps, switches, and stabilizers and has a 65% layout with an island-style arrow cluster, multiple color options, and the option for a rotary encoder. It uses a double gasket design for a softer typing feel with a little flex, and also uses QMK or VIA to reprogram its keys. It’s also available as a barebones keyboard for $179.99, but it’s worth getting the fully-built version even if you plan on changing the switches or keycaps. 

Continue Reading

Trending