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Money transfer startup Remitly reveals financial results in preparation for upcoming IPO

Money transfer startup Remitly reveals financial results in preparation for upcoming IPO
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Lehi based Owlet closes business combination with SPAC to begin trading on the NYSE

PRESS RELEASE: LEHI, Utah–(BUSINESS WIRE)–Owlet, Inc. (NYSE: OWLT) (“Owlet” or the “Company”), a company building a connected and accessible nursery ecosystem that brings technology and vital data to modern parenting, today announced that it has completed its business combination with Sandbridge Acquisition Corporation. (NYSE: SBG) (“Sandbridge”), a special purpose acquisition company. The business combination and concurrent private placement, which were approved by Sandbridge’s stockholders at its special meeting held on July 14, 2021, provide over $135 million to accelerate the Company’s expansive product pipeline, deepen penetration, and expand globally. “Since day one at Owlet, we have been dedicated to helping parents find joy and extra peace of mind in parenting, informed by technology and health data”

Former Amazon Logistics Exec Raises $8 Million to Help the Competition

Courtesy of Shipium Shipium creates decision-making software to help retailers fight back against Amazon s speed. Cofounder Jason Murray spent 19 years building Amazon s e-commerce supply chain. Shipium has raised $8 million to expand its reach among legacy retailers like Macy s. While most traditional retailers know e-commerce is essential  and are working on improving their execution they re still not making much money through online sales. The pressure to deliver fast eats into profits. Package carriers like UPS and FedEx continuously upping what they charge isn t helping.  Nordstrom, Kohl s, Stitch Fix, Macy s … nearly every retailer has bemoaned the hit to margins the shift to e-commerce has delivered in the last few months. What they need, according to the cofounders of Seattle startup Shipium, is a couple of decades experience at Amazon which happens to be just what Shipium is selling. 

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