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The Station: Rivian adds to its EV war chest, Sec. Buttigieg is coming to Disrupt and Argo preps to launch with Lyft – TechCrunch

The Station: Rivian adds to its EV war chest, Sec. Buttigieg is coming to Disrupt and Argo preps to launch with Lyft – TechCrunch
techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.

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OSF HealthCare Foundation Receives Million Dollar Gift


A $1 million donation to the OSF HealthCare Foundation will support neuroscience innovation.
The gift is from former Caterpillar Group President Ed Rapp and his wife Ann. Ed Rapp was diagnosed with ALS - or Lou Gehrig s disease - and has focused his retirement efforts on finding a cure.
The gift comes after the Rapps created an OSF HealthCare endowment last year. It funds innovation efforts aimed at earlier disease diagnoses and improving assistive technologies.
The newest donation will support collaborative research efforts between OSF HealthCare Illinois Neurological Institute, Jump Simulation and University of Illinois engineers.
OSF says more than 12 million Americans are projected to suffer from degenerative or autoimmune disorders including ALS, dementia, Parkinson’s disease and Multiple Sclerosis within the next 30 years. ....

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Cary VC firm Cofounders makes biggest deal to date, picking digital marketing firm marGo


CARY –Cofounders Capital, a venture firm focusing on early stage startups launched in 2015, recently made its biggest investment to date:
$1.3 million.
The funds went to digital marketing startup marGo, also based in Cary. And the deal is much larger than the typical 6-figure investment made by the firm, which has raised $43 million in two funds since its launch by serial VC David Gardner.
“This is our largest initial investment we’ve ever made,” declared Cofounders partner Tim McLoughlin, who joins the marGo board as part of the deal.
So why such a big investment?
“The Direct Sales industry saw rapid growth in 2020. When you combine that with the overall trend of the growing gig economy and eCommerce, this is an exciting time to be investing in this space,” McLoughlin explained. ....

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