May 2018 Updates from Teamworthy Ventures

Toast to Power Next Generation Ordering Experience for Jamba Juice - Toast, the fastest-growing restaurant technology platform, announced its partnership with Jamba Juice – the brand known for inspiring and simplifying healthy living in more than 900 locations worldwide – from the floor of the 2018 National Restaurant Association Show. Jamba Juice selected Toast for its cloud-based, mobile, and centralized point-of-sale platform. Toast’s Android architecture will provide a reliable technology infrastructure that supports seamless, frequent upgrades — with the latest functionality — for all Jamba Juice employees and franchisees. Moreover, Jamba Juice will be able to leverage Toast’s flexible, powerful Toast API platform to fit their needs as they integrate third-party applications. “We are moving to Toast because our team members and franchisees require an agile, mobile, cloud-based technology in order to better serve our guests,” said Jyoti Lynch, CIO at Jamba Juice. “We also needed a restaurant technology platform that could keep up with our need for real-time data and analytics. Toast is always secure, updated, and online, so we can deliver top-notch guest experiences and better support our business without ever being interrupted by our point-of-sale.” Request a free demo of Toast

MealPal Takes A Bite Out Of Seattle's Lunch Scene With Affordable, Time Saving Service - MealPal, the subscription service that provides members with affordable daily lunch options from hundreds of restaurants, announced the company's second West Coast market with its launch in Seattle. Already widely used in the Bay Area and around the globe, MealPal customers in Seattle will skip long lines and enjoy lunch for under $6 from popular restaurants like Din Tai Fung, Evergreens Salad, Pike Place Chowder, Pokeworks, 206 Burgers, Pasta Casalinga, Kigo Kitchen, and many more. MealPal is offering Seattle members two different subscriptions for lunch: a 20-meal plan for $5.59 per meal and a 12-meal plan for $5.99 per meal. With a subscription, MealPal members can select lunch from over 150 restaurants offering thousand of meals. Using MealPal, consumers will save more than 40% over the exact same dishes that cost $10 to $15 when ordered off the restaurant's menu. Join MealPal today!

Introducing Toast Go™ and Toast KDS: The Future of Restaurant Technology is Handheld, Integrated, and On-the-Go - Toast, the fastest-growing restaurant technology platform in the U.S., unveiled Toast Go™, a fully integrated point-of-sale handheld custom-built for restaurants. Toast Go™, designed by Toast, combines hardware, software, and payments in a beautiful device built to withstand the rigors of the restaurant industry. “Toast’s mission is to empower the restaurant community to delight their guests, do what they love, and thrive,” said Steve Fredette, president and co-founder of Toast. “With solutions like Toast Go™ and Toast KDS, we deliver affordable, cloud-based technology that restaurants of all sizes can put to work immediately to improve operations, increase revenue, and deliver an amazing guest experience.” “Our turn times decreased dramatically with Toast Go™. On Aloha, we served about 250 guests on a typical Friday night; with Toast Go™, we serve over 400 guests. That equates to an extra half million dollars in annual sales,” said Cory Neel, general manager of Odd Duck in Austin, Texas. “And with more tables come more tips: servers each take home about $7,000 in additional gratuities per year with Toast Go™, which helps us with employee retention. Our staff has peace of mind knowing they can pay their bills.” Request a free demo of Toast Go

Virtru secures $37M Series B  - Virtru has never lost an enterprise customer, and that’s because we solve the hard problem of protecting information without eroding the user experience. Our user experience is a primary driver and why we’ve grown to more than 8,000 customers in the past three years. We’re proud of how we’re helping them transform the way they protect their most sensitive information across industries and around the globe.

  • Three of the five largest media organizations in the US use Virtru to protect sensitive information shared by journalists.
  • We’re helping HBO protect the sensitive intellectual property they exchange with their partners around the world.
  • More than 3,000 healthcare organizations use Virtru to protect patient information and comply with HIPAA.
  • Global banks and financial institutions have adopted our technologies as part of their move to the cloud.   
  • Five of the six states that have moved to the Google Cloud use Virtru to protect constituent information and comply with regulations.
  • At the US Department of Veterans Affairs, Virtru is improving patient outcomes by enabling medical staff to share veteran health information securely with healthcare providers around the country.
  • Hundreds of organizations in the US and around the world are turning to Virtru to protect consumer information and comply with GDPR, the EU’s new data privacy regulation. 

Contact the Virtru team to learn more

(PLAY VIDEO) SeatGeek CEO Jack Groetzinger discusses hot trends in entertainment and the company's new partnerships on CNBC Learn more about SeatGeek Enterprise

WIRED on Boxed - Boxed, a wholesale e-commerce startup, has built autonomous guided vehicles, essentially robot carts, that roam its warehouse aisles while a crew of humans pick items from shelves. When a Boxed cart scoots up to an item it needs and flashes a red light, a worker drops the object onto the cart. These picker carts have led to “extreme savings on capital expenditures,” such as acquiring permits and installing traditional conveyor belts, says CEO Chieh Huang. Legacy retailers have asked to license the technology, but Boxed has demurred. Start a Group Order at Boxed

Introducing Quick Lookup: A Faster Way to Request Lab Supplies on Quartzy-  Quartzy, the only free online laboratory supply management and ordering platform, followed the recent launch of the Quartzy Shop with another product improvement. Users can now enjoy the convenience of having direct access to the supplies their lab needs on one platform, but many of them brought to our attention how they were finding themselves jumping between the Shop and their request history to figure out if they wanted to go with a particular offer. Quartzy incorporated this feedback into the design of Quick Lookup so that now, whenever a user goes to add a new request, they’ll also have visibility into relevant matches from the Shop in addition to their request history. Get started with Quartzy

RaiseMe Joins Cohort to Improve the Future of Work with Ed-Tech - As one of 11 ed-tech companies selected for the cohort, RaiseMe will receive grant funding from NewSchools Venture Fund to support its commitment to helping students become better equipped for higher education and beyond through earlier access to college scholarships. “RaiseMe was started with the idea that providing earlier access to institutional scholarships and grants could give students a more transparent and empowering path to college and career success,” said Preston Silverman, CEO and Co-Founder at RaiseMe. “We’re honored to be recognized for how far we’ve come in the pursuit of helping students prepare for the future of work, and look forward to supporting students in even more ways, with backing from NewSchools Venture Fund.” “Today’s students will be part of a workforce unlike any we’ve ever seen. They need tools to navigate this rapidly changing landscape, and ed-tech has the potential to address critical needs and increase students’ opportunities in the future economy” said Tonika Cheek Clayton, Managing Partner at NewSchools Venture Fund. “That’s why NewSchools Ignite is proud to invest in RaiseMe to develop engaging tools to connect students to the future of work.” Learn more about how RaiseMe can help your college or university

Beyond Maps: An Intro to Leveraging Location Data for Products and Business Intelligence - Factual has helped organizations of all sizes make more strategic decisions that have resulted in measurable business results. To highlight location data’s potential, Factual has compiled some of the innovative ways business leaders can use location data. Let’s take a look at some of the key highlights in Factual's e-book, Beyond Maps: An Intro to Leveraging Location Data for Products and Business Intelligence:

  • How Data is a Competitive Advantage
  • Location Use Cases with Real-world Examples
  • How To Choose a Location Data Partner
  • What Makes Factual Global Places Data Unique 

Contact the Factual sales team to learn more

Toast Integrates with Solink to Protect and Monitor Restaurants Anytime, from Anywhere - Toast, the fastest-growing restaurant technology platform in the U.S., announced a partnership with Solink, the industry-leading smart video and data platform— from the floor of the 2018 National Restaurant Association Show. Together, Toast and Solink will provide deep insight into restaurants’ security and operations. Toast transactions will synchronize with users’ existing video camera systems, instantly aligning data with video in real-time through Solink’s user-friendly mobile app. “We benefit from the Solink and Toast integration, not just for security, but for store operations as well. Solink’s daily digest emails are great because they’re delivered to the heads of each department, so everyone has the same consistent intel,” said Pete Stamm, IT manager, &pizza. “We’re very excited to announce this partnership with Toast,” said Pierre Hage, VP of marketing at Solink. “Toast’s ease of use and innovation pair perfectly with Solink’s vision for the ‘smart restaurant ecosystem.’ And our vision becomes a reality through great partnerships like this.” Request a free demo of Toast

AirMap Selected as UAS Service Supplier in Six UAS IPP Awards - The US Department of Transportation and Federal Aviation Administration partnered with state, local, and tribal governments to approve drone operations in 10 locations, and AirMap is included in the majority of the selections. The announcement comes as part of the FAA’s UAS Integration Pilot Program (IPP), designed to accelerate the integration of drones into the national airspace through public-private partnerships. AirMap is a UTM technology partner for: Choctaw Nation of Oklahoma, City of Reno, City of San Diego, Kansas Department of Transportation, North Carolina Department of Transportation, North Dakota Department of Transportation Get started with Automated Airspace Authorization for Developers

What is a 409A valuation? - Unlike public companies where value is set by the market, private companies use independent appraisers to assess their value. A 409A valuation is an independent appraisal of the fair market value (FMV) of a private company’s common stock that determines the “strike price” for equity. If your company is planning to offer options, you’ll need a 409A valuation. Carta can help you understand the basics of 409A, so you can make an informed decision when choosing a valuation provider. Request a demo of Carta

A “Bento Box” of stylish professional wear delivered to your door in Atlanta - Not a food item but certainly craveable, the Bento Box from workwear fashion disrupter MM.LaFleur is like a chef’s tasting menu for professional women, served with four to six stylist-selected items (accessories, knits, separates, and dresses up to size 22W) and a nonsubscription, four-day free trial—a no-pressure sales pitch. The brand is gaining traction for “revolutionizing” career-driven fashion via designer Miyako Nakamura’s functional yet unique designs made to fit and beguile (think subtle, flattering pleats, waistbands, and darts). A bonus: The e-commerce company is opening appointment-only pop-up shops, like the one at the Shops Buckhead Atlanta, to serve over-scheduled fashion-seekers between coffees and client meetings. Have time on your lunch break?  Book an appointment at an MM.LaFleur shop

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Stephen Schmalhofer