Former Uber exec Ryan Graves just invested $50 million in Metromile
Uber
Ryan Graves, the billionaire former Uber exec who was the ride-hailing app’s first hire, just announced his largest private investment since he left the company in 2019, and it’s a bet on the future of auto insurance.
Graves is committing $50 million into Metromile, a pay-per-mile auto-insurance provider. He’s joining the likes of Mark Cuban and Chamath Palihapitiya, who have together poured $160 million in private investments into the company as it prepares to go public in a $1.3 billion SPAC deal with NSU Acquisition Corp. II.
Former flexspace unicorn Knotel is filing for Chapter 11 bankruptcy ahead of a proposed sale to an investor. Leaked numbers show how its financials worsened in 2020.
Knotel, once one of the brightest names in the flex-space industry and a self-proclaimed WeWork rival, has filed for bankruptcy and plans to sell its business to the publicly-traded real-estate services company Newmark.
You can see Knotel’s leaked financials here.
Check out the pitch deck startup Raydiant, which aspires to be the Square of in-store tech, used to raise $13 million from investors including Mark Wahlberg
Chris Pizzello/AP
Mark Wahlberg, the movie star and owner of burger chain Wahlburgers, wanted to be able to talk to all the employees and customers at his restaurants at once — to “go live” from one of the chain’s locations and communicate with everyone in the store at once.
Now he’s an investor in an internet-of-things startup’s latest fundraising round. See Raydiant’s full pitch deck here.
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