Expedia Group
Facts
- HQ
- Seattle
- Sectors
- Travel, Online travel booking, Consumer travel
- Stage
- Public
Uber Freight raises $500M led by Greenbriar, valuing the unit at $3.3B
Uber Freight raised $500 million in a funding round led by Greenbriar that values the trucking logistics unit at $3.3 billion, and the business reported $211 million in adjusted net revenue for Uber’s most recent quarter with a $49 million quarterly loss. The unit operates a digital freight marketplace with about 65,000 carriers and competes with startups like Convoy, which recently raised $400 million at a $2.7 billion valuation.
Porch names five new board directors ahead of $523M SPAC merger, will trade as PRCH with Ehrlichman as CEO
Seattle-based Porch named five new directors who will join its board when the company goes public later this year via a SPAC merger valuing Porch at $523 million; the combined company will trade as PRCH with Matt Ehrlichman remaining CEO and chairman.
Amazon's ambitious health band; 4-day work week; Convoy hires ex-Expedia CEO
Here’s what we’re talking about on the GeekWire Podcast this week. Amazon surprised everyone by unveiling a new health band, the Halo, this week. The device will not only track your steps but also measure your body fat and even analyze your voice to assess your degree of “energy and positivity." But will it protect your private health info from prying eyes? Seattle startup Volt has taken the pandemic-inspired work-from-home plan to a new level by going to a four-day work week. Are Volt employees as productive as they were when they worked five days a week? And what do…
Former Expedia CEO Mark Okerstrom named president and COO of Convoy as startup tops 1,000 employees
Former Expedia CEO Mark Okerstrom joins Seattle digital freight startup Convoy as president and COO to oversee finance, operations, marketing and marketplace growth as the company surpasses 1,000 employees and a $2.7B valuation.
GeekWire Awards 2020 Goes Virtual; Ally Wins Startup of the Year as Bill Gates and Celebrities Celebrate
GeekWire held a virtual GeekWire Awards livestream honoring top Pacific Northwest tech companies and leaders across 12 categories, with winners accepting via Zoom and special video messages from figures like Bill Gates. Seattle startup Ally won Startup of the Year, and the event included entertainment such as The Drunken Tenorperforming an "Opera di Zoom."
Pioneer Square Labs and Fortive launch TeamSense, a COVID-19 symptom‑tracking SaaS that reached paying customers in six weeks
Pioneer Square Labs and Fortive launched their first spinout, TeamSense, a SaaS platform that lets employers screen and communicate with hourly workers about COVID-19 symptoms via quick daily texts or emails. TeamSense moved from initial funding to paying customers in six weeks and provides dashboards, rosters, and 1-on-1 chat to support workplace health, planning and compliance.
Seattle rises three spots to crack Startup Genome’s global top 10, backed by $3.59B in 2019 VC funding
Seattle climbed three places into Startup Genome’s global top 10 startup ecosystems, driven by strengths in AI, big data, analytics, life sciences and a strong startup genealogy from Microsoft, Amazon and the University of Washington. Venture funding reached a Seattle-area record of $3.59 billion in 2019, and the city ranks highly on performance, funding, market reach, talent, connectedness, knowledge and infrastructure.
Seattle technologists and restaurateur launch Off Their Plate and FoodPair to route meals from struggling restaurants to healthcare workers and vulnerable residents
During the COVID-19 pandemic Seattle technologists and restaurant owners launched donation-driven projects to connect struggling restaurants with people in need, including healthcare workers, low-income children, seniors and people experiencing homelessness. Initiatives include Off Their Plate, which provided over 8,600 meals to local healthcare workers, and FoodPair, a new startup from Expedia Group's Katherine Cheng and co-founder Marie Gill to match donors, restaurants and recipients.
Microsoft’s M12 Leads $700,000 Round for Venture Out, Seattle 12-Week Program Helping Corporate Tech Workers Launch Startups
Venture Out is a Seattle-based 12-week program that helps corporate tech workers launch startups by providing mentorship, requiring 10–20 hours/week commitment, and taking 4% equity. The organization raised $700,000 in a round led by Microsoft’s M12 and is accepting applications for a second cohort starting July 13.
Uber, Grubhub and Seattle; Amazon's virus-killing robot; Surface Earbuds first take
Here’s what we’re talking about this week on the GeekWire Podcast. Word leaked out this week that Uber is considering buying food-delivery service Grubhub, and it turns out there are many Seattle connections behind the possible deal, including links to Expedia and several other companies. Food delivery is a tough market to make a buck in, for companies and their drivers, so what's in the deal for Uber? Uber Eats is #2 and Grubhub is #3 in food delivery services, behind leader DoorDash. DoorDash grew its market share 42% in March while Grubhub stayed flat. Uber Eats grew 20% (it…
Pioneer Square Labs and Fortive launch joint innovation studio to build spinout companies, starting with a COVID-19 workplace-safety concept
Seattle startup studio Pioneer Square Labs (PSL) has partnered with publicly traded industrial company Fortive to form a joint innovation studio that will build and spin out new companies and products, starting with a confidential workplace-safety concept prompted by COVID-19. PSL will apply its in-house startup studio model to create standalone venture-backed businesses or concepts Fortive may acquire, while Fortive aims to accelerate innovation and cultural change.
Imperative raises $3M led by Voyager Capital to expand virtual peer-coaching; Nikhil Singhal joins as CTO
Seattle startup Imperative raised $3 million led by Voyager Capital to accelerate its virtual peer-coaching platform that connects managers for structured one-on-one video coaching; the company has 120,000 users and 40 corporate clients and added former Microsoft/Expedia/AT&T engineer Nikhil Singhal as CTO.
Expedia's lifeline; Bill Gates on life after lockdown; Redfin and Tokki CEOs on pivoting in a pandemic
Here's what we're talking about this week on the GeekWire Podcast. “Picture restaurants that only seat people at every other table, and airplanes where every middle seat is empty.” That is what the “semi-normal” next phase of the pandemic will look like, Bill Gates says, offering a starkly pragmatic take that contrasts with predictions from President Trump that the economy will come “roaring back.” But Gates also points to the potential for a new wave of innovation the likes of which hasn’t been seen since World War II. “If there’s life, there’s travel,” says Expedia chairman Barry Diller, expressing optimism…
Foursquare and Factual merge under Foursquare brand with David Shim named CEO; Sue Desmond-Hellmann joins Pfizer board
Foursquare and Factual are merging under the Foursquare brand with Placed founder David Shim as CEO; Sue Desmond-Hellmann joined Pfizer’s board after leaving the Gates Foundation, and other executive moves include Microsoft hiring Rubén Caballero and leadership change at Egencia.
Tom Seery
The CEO of RealSelf, Tom Seery, shares details about his upbringing in Upstate New York, packing up his car and moving west to Seattle in search of more innovation and startups, and how he started working with Expedia after getting his MBA. You’ll also learn about where the idea for RealSelf came from, how he chose the name, what their business model is and how the industry has shifted over the years. Tom is a visionary and incredible at giving back - supporting surgeons who donate their time and go on humanitarian trips abroad. He believes “the difference between a…
