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GM-Backed Electric Boat Startup Pure Watercraft Enters Receivership, Selling Assets in 2023
Pure Watercraft, a Seattle-based electric boating startup backed by General Motors, entered receivership in July 2023 and is selling its assets amid financial struggles. The company raised $37 million, including a $150 million investment from GM, which held a 25% stake and valued Pure Watercraft at $600 million in 2021.
OfferUp names Niti Bashambu CPO after $120M raise and $1.4B valuation; Flyhomes appoints Amy Sellers VP of Marketing
OfferUp hired Niti Bashambu as chief product officer after raising $120 million and reaching a $1.4B valuation; Flyhomes named Amy Sellers VP of marketing as it expands across five markets. Promethean also hired Chris Hand as chief revenue officer.
IAC-owned Dotdash buys Serious Eats and Simply Recipes from Seattle startup Fexy Media in all-cash deal
Seattle-area startup Fexy Media sold food sites Serious Eats and Simply Recipes to IAC-owned Dotdash in an all-cash deal; the sites reach a combined 16 million monthly users. The transaction moves 27 Fexy employees to Dotdash, lets Fexy focus on its Relish product, and pairs the companies to grow Relish while Dotdash expands its food publishing reach.
