Shutterfly
Facts
- Sectors
- Consumer
- Founded
- 1999
- Registered name
- Shutterfly, LLC
- Founders
- Eva Manolis
Allbirds IPO Raises $300M, Valuing Shoe Brand Near $3B as Shares Surge 60% on Nasdaq Debut
Allbirds, backed early by Maveron, debuted on the Nasdaq after raising $300 million in an IPO that valued the company at about $3 billion; shares jumped 60% on the first trading day. Maveron led a $7.25 million Series A in 2016 and its stake was worth roughly $400 million at the opening price, with the company reporting $219.3 million in 2020 revenue and over eight million pairs sold since launch.
Maveron, co-founded by Dan Levitan and Howard Schultz, becomes Certified B Corporation after rigorous assessment
Maveron, the venture capital firm co-founded by Dan Levitan and Howard Schultz, became a Certified B Corporation to formalize its commitment to balancing profit with social and environmental goals. The firm pursued the certification after working with B Corp portfolio companies like Allbirds and completed a rigorous assessment covering governance, demographics, and environmental impact.
Madrona-led $4.5M seed funds Zeitworks, a Seattle ML startup co-founded by Ben Elowitz and CEO Ryan Windham
Seattle startup Zeitworks raised a $4.5 million seed round led by Madrona Venture Group with participation from JAZZ Venture Partners and Zillow co-founder Spencer Rascoff; the company uses machine learning to analyze and recommend improvements to repetitive business processes without back-end integrations. Zeitworks spun out of Madrona Venture Labs, is led by CEO Ryan Windham with co-founder Ben Elowitz, and plans to hire for several roles.
Ben Elowitz launches stealth Seattle startup Zeitworks, spun out of Madrona Venture Labs to optimize people and time
Veteran Seattle entrepreneur Ben Elowitz has launched a stealth startup called Zeitworks, spun out of Madrona Venture Labs, aiming to help organizations maximize people and time using data science and AI. The company is hiring, Elowitz is supporting the team, and further details remain confidential.
