January Update from Teamworthy Ventures

New Investment

We are proud to support CEO Jordan Boesch and the entire talented team at 7Shifts in their mission to help restaurant managers schedule, evaluate, and communicate with their workforce while saving time and reducing costs. 

Join the 7Shifts team in Saskatoon and Toronto!

January 2019 / December 2018 Updates from Our Entrepreneurs

7shifts Secures $10 Million in Funding to Accelerate Growth of Its Restaurant Labor Management Solution - 7shifts has scheduled nearly 100 million shifts for the 16 million restaurant workers in the US, and collectively saved restaurateurs over $200 million in labor costs. The rapidly growing platform is used by more than 250,000 restaurant professionals and 10,000 restaurants, including large, growing franchises such as Bareburger, Panera, Honeygrow, &pizza, and Smoke’s Poutinerie. 7shifts is set to accelerate its growth further with the announcement that it has received a $10 million Series A funding round. The financing was led by Napier Park Financial Partners with participation from Teamworthy Ventures, existing investor, Relay Ventures. Join the 7Shifts team

G2 Crowd Acquires Siftery Following $100 Million in Funding - Siftery can uncover when a business has a case of “shadow IT,” such as when three separate teams each buy 50-seats for a software solution rather than a single 150-seat subscription at half the price. Similarly, it can spot when a company is paying for more seats than it has employees, and help make recommendations to reduce spend. Siftery also monitors the technology that a million companies use which enable buyers to discover what technology their industry peers and competitors use. By combining the Siftery data on technology spend and stack with G2 Crowd’s product reviews, G2 Crowd will be able to uniquely recommend best-fit software to all businesses and seamlessly connect them to the best-fit vendors to make purchases. “We believe that everyone in business deserves the right to reach their potential — and the only way they can do that is through a trusted marketplace that’s free to access, and is not pay-to-play,” said Godard Abel, co-founder and CEO of G2 Crowd. “Every day, new and potentially disruptive technologies and services are released into the world. Anyone who wants great software to perform at their best, from intern to CEO, should be able to quickly discover, buy, and manage the best technology for their business. G2 Crowd has become known as a place where you can discover and buy great software. With the acquisition of Siftery, we’re now able to help businesses manage their investment and use of software,” Abel said. Join the G2 Crowd team

As pharmacy startup Capsule makes plans to expand, staff size to double - “Do you want to get health care in a drugstore? What has changed in the world to suggest that is true? MinuteClinic has existed for 15 years,” CEO Eric Kinariwala said. “When I think about where the puck is going, where consumer behavior is going, I just don’t see any evidence that is how people want to consume health care. They want to consume health care the way they consume everything else in their lives, which is on their phone.” Since Capsule received a $50 million funding round in August, the company has kicked off a senior talent hiring spree, bringing on Dorothy Gemmell, former chief commercial officer at online therapy startup AbleTo; Ben Pfeifer, former GM of editorial at Shutterstock; Douglas De Angelo, a former VP at Walmart’s Jet; and Julie Sommerville, a former director of engineering at Blue Apron. The growth plans include tripling the size of the product engineering team and doubling the number of sales employees in New York City, Kinariwala said. Join the Capsule team

New RaiseMe Educator Portal: More Insights, More Tools - Promoting a strong college-going culture in your school or district is a team effort — and peer-to-peer encouragement and counselor support are critical parts of that effort. That’s why we’ve updated our educator portal to provide a personalized overview detailing the share of students at your school or district on RaiseMe, their micro-scholarship earnings, and the number of colleagues at your school or district using RaiseMe. Along with a slew of helpful recommendations on how best to utilize RaiseMe to support your campus’ college-going culture, you can check-in to measure your school’s progress against the recommended benchmarks. We know that it’s important for you to keep a pulse on what your students are doing to build college readiness as well as how they compare with other students all across the country. With our new student insights center, we’ve provided educators with a list of students that have been recently active on RaiseMe, so you can monitor your students’ progress in earning micro-scholarships and send kudos to those who are on-track and reminders to those who could use an extra nudge. We’ve also built a bird’s eye view of the top activities among all RaiseMe students, so you can explore what activities and micro-scholarship achievements are trending among students across the country. Join the RaiseMe team

SeatGeek and Cargo Bring Tickets to the Backseat - Next time you hop into an Uber or another ridesharing service, you might have the opportunity to load up on snacks, drinks, and even tickets to the biggest sporting event in town. Thanks to a new partnership between SeatGeek and Cargo, passengers who find themselves in Cargo-equipped vehicles will have the chance to get exclusive pricing on tickets for concerts, sporting events, shows and other live events in the area in which they are traveling.  Join the SeatGeek team

Toast Named a G2 Crowd Leader Winter 2019 - Toast has been identified as one of the best restaurant POS/restaurant management software and services companies via G2 Crowd, a peer-to-peer, business solutions review platform. The rating is based on Toast’s high levels of customer satisfaction and the likelihood that real G2 Crowd users will recommend the software and services to others. Join the Toast team

Ibotta Hits $500 Million Milestone - To CEO Bryan Leach, it’s more than just a big number. This week, his Denver-based shopping app Ibotta announced it had given back $500 million to users. The half-billion-dollar milestone took six years to hit, accelerating each year as the tech startup continues its rapid growth. More than $190 million in rewards were redeemed in 2018, a record year for that specific metric. “Any company has some kind of service that helps someone, but we’re giving someone money,” Leach said in an interview with Denver Business Journal. “And that money turns into food, health care, shelter, education..." Join the Ibotta team

Virtru Appoints Neville Letzerich as Chief Marketing Officer - Letzerich brings more than 20 years of enterprise software marketing, sales and product experience to the role. He will support Virtru’s next phase of global expansion in the enterprise data privacy sector, scaling the reach and impact of the company’s brand and delivering world-class go-to-market execution. Over the last two decades, Letzerich has held a wide variety of market-facing and product development roles in companies of all sizes, from startups to multibillion dollar organizations. He is well-versed in data-centric, zero-trust security concepts and creating compelling narratives to communicate key benefits to global audiences. Letzerich most recently served as the CMO at Duo Security through their acquisition by Cisco. Previously, as CMO of cybersecurity provider Forcepoint LLC (formerly Websense), Letzerich oversaw global marketing efforts across 150 countries. He also served in executive leadership positions in global marketing, sales, product, and engineering teams at EMC Corporation where he worked extensively on document and data privacy initiatives. Join the Virtru team

Mendocino County Offers Budget Information on OpenGov - The County of Mendocino is announcing an update to our financial transparency platform powered by OpenGov. The platform provides the public, elected officials, and staff unprecedented access to the County’s budgets and financial performance information by transforming complex financial data into interactive, intuitive visual formats. The OpenGov tool will be regularly updated with new financial data and performance metrics. Join the OpenGov team

AirMap, Kittyhawk and Wing Demonstrate InterUSS Remote ID Solution- “Before such wide-scale drone operations as autonomous deliveries can take place, we need to ensure that regulators – and the public – can easily assess whether or not a particular drone belongs to a good actor or requires intervention,” said Ben Marcus, Co-Founder and Chairman of AirMap. “Network-based remote identification applications like AirMap’s Drone Aware, augmented by local broadcast solutions when available, help airspace managers enforce aviation regulations while cultivating public trust in drone and also protecting the privacy of drone operators.” Join the AirMap team

MealPal opens for lunch in downtown L.A., Century City - MealPal is open for business in Los Angeles. The subscription lunch service, headquartered in New York, has expanded to downtown L.A. and Century City with daily lunch options from such restaurants as Tender Greens, Lemonade, Everytable, Piknic, Sweetfin Poke and Pez Cantina for less than six bucks per meal. “With many of the healthiest fast casual restaurants in the world calling Los Angeles home, it is a perfect market for MealPal,” said co-founder and CEO Mary Biggins in a statement. “We are excited to connect people working in DTLA and Century City with their favorite restaurants in an affordable and fun way.” Join the MealPal team

Remind, Verizon Settle Dispute, Allowing Customers to Continue Receiving SMS Messages - After a dispute over a newly imposed fee, Verizon and Remind, a popular app for schools and students to communicate, have worked out a deal that will allow Verizon customers to continue to send and receive text messages through the platform. "We have heard from Verizon that they don’t have plans to change the fee structure applicable to Remind for SMS messaging," Grey said in a statement on Thursday. "This means we will no longer be forced to shut off text notifications for Verizon Wireless customers using Remind. There will be no service disruptions for Verizon Wireless customers." Remind, founded in 2011, is a private messaging platform with about 31 million monthly users in schools nationwide that allows students, teachers, administrations and parents to communicate with one another about assignments and announcements. Join the Remind team

Boxed Scores 3-month Exclusive on New Smartwater Line - Coca-Cola has introduced two new Smartwater products with Boxed, the manufacturer announced this week. The online bulk retailer will be the exclusive national retailer of Smartwater’s alkaline and antioxidant-enhanced waters through March 2019, supporting sales insights and a launch party before the products hit store shelves later this year, according to the company. "During the early launch period, Boxed will partner with Coca-Cola on creative marketing tactics and provide early insights and data on how consumers are reacting to these two new items," Ankit Patel, Boxed's director of merchandising told Grocery Dive. Join the Boxed team

University of Utah Announces Income Share Agreement Program - The University of Utah today announced the launch of Invest in U, a pilot program designed to help students pay education-related costs so they can complete their degrees faster and launch their professional careers. The U is the first major university in the Western region to offer its students this type of financial assistance. "Through Invest in U, the University of Utah is investing in our students to help them succeed, recognizing that many students start and stop their educations based on finances,” said U President Ruth Watkins. “The University of Utah has a well-earned reputation for innovation in a state known for its efforts to ensure access to affordable higher education,” said Tonio DeSorrento, founder and CEO of Vemo Education. “This new program is the next step in the university’s pioneering efforts to create pathways to opportunity that support a new generation of students.” Join the Vemo team

MM LaFleur’s mission to “take the work out of dressing for work” resonated with enough Houston women to warrant a showroom - CEO Sarah LaFleur: "I didn’t actually have much of a network in Houston, but we saw all these orders coming in from the Houston area and we were like, what is going on here? It was kind of to our delight and surprise. A lot of them said they heard about us from friend that they had in the D.C. area—that was kind of a lightbulb moment for us, the style similarities between Houston and D.C. This was truly a city of happy coincidences where we found a pocket of customers who were very much looking for something like MM.LaFleur. Houston really grew organically. We really want to get to know our customers better, so we’re launching a variety of events and workshops at our showroom. Up until recently it’s been really focused on the shopping experience, but we’re hoping to do more community-oriented events, book tours—we’ve got some great authors coming through, and they’ll be stopping by our showroom." Join the MM.Lafleur team

Lively Drops Investment Fees, Offers No-Fee Health Savings Account - Lively, Inc., creators of the modern Health Savings Account (HSA), today announced the elimination of all fees to enable investments in their HSA starting on January 1, 2019. This makes Lively a truly no-fee HSA for individuals and families. Unlike Lively, most HSAs come with a laundry list of fees that often include monthly maintenance, account opening, funds transfer, debit cards, excess contributions, point of sale, minimum balance, reimbursement, and account closure fees. HSA fees directly inhibit a consumer’s ability to reduce out-of-pocket costs and maximize their health savings.
“Traditional HSA providers charge their customers hidden fees that can exceed thousands of dollars in lost savings,” said Alex Cyriac, CEO and Co-Founder of Lively. “Combined with rising yearly healthcare costs, this means consumers are losing money on both sides making it difficult to not only afford healthcare costs today, but also the $280,000 of expected healthcare expenses in retirement.” Join the Lively team

Read newly published journal articles on Academia.edu in Computer ScienceHealth SciencesComputational Biology, and more.  Join the Academia team

Apply to join an upcoming Galvanize software engineering immersive course

Job Opportunities in Our Network

Interns & Recent Grads

Apply to the Teamworthy Fellowship

Engineering

Senior Software Engineer at RaiseMe

Android Engineer at Ibotta

Software Engineer at Worksmith

Senior Front End Engineer at Capsule

Senior Software Engineer at Ibotta

Software Engineer (SG Open) at SeatGeek

Software Engineer at Imagen

Senior Mobile Engineer at Academia.edu

Platform Engineer at Ibotta

Full Stack Developer at Renoviso

Senior Engineering Manager at OpenGov

Engineering Manager at 7shifts

Marketing

Director of Marketing Analytics at SeatGeek

Growth Marketing Manager at G2 Crowd

Growth Marketing Director, SEM at SeatGeek

City Launcher at MealPal

District Partner Associate at RaiseMe

Sales

Head of Sales Operations at SeatGeek

Director of Business Development at Ibotta

Sales Manager at Capsule

National Partnerships Executive at MealPal

Account Manager at Worksmith

Business Development Manager at Raise.me

National Partnerships Executive at MealPal

Director of Relationship Managers at G2 Crowd

Account Executive at OpenGov

Sales Manager at Renoviso

Account Executive, South at Remind

Outside Sales Executive, Seattle at MealPal

Partner Success Associate at RaiseMe

Account Executive at BridgeAthletic

Account Executive at 7shifts

Product

Director of Product at MealPal

Director of Product Management, Shopper Experience at Ibotta

Product Manager - Primary Ticketing at SeatGeek

Senior Product Designer at OpenGov

Product Manager at G2 Crowd

Senior Product Manager at Academia.edu

Business Systems Lead at Remind

Product Manager at 7shifts

Talent

Director of Talent Acquisition at Ibotta

Recruiter at Remind


View more opportunities at teamworthy.com

Stephen Schmalhofer