DTC’s Daily Digest brings you the latest news about the world's fastest growing brands. In today's edition: FLEX and CVS join forces; Nextdoor raises $ 47 million; and Airbnb supports Atlas Upscura.
FLEX and CVS join forces
In a joint effort to innovate for health in time period, CVS retail giant and direct consumer brand, drape, Engaged in offering period products convenient, high performance and environmentally friendly to shoppers In over 5000 CVS stores nationwide.
According to the joint retail sales data released in June 2019, sales of conventional stoppers fell 4.3% year-on-year across various pharmaceutical companies. The growth of the category is driven by alternative period products, including FLEX-led innovation in cups and tablets.
As consumers' attitudes and behaviors towards alternative-period products change, retailers such as CVS are beginning to recognize the gap in physical distribution and take swift action to meet growing consumer demand.
Flex Company launched its first product, FLEX Disc, in late 2016. It quickly developed a dedicated and dedicated customer and grew into a direct brand in terms of the best consumer performance.
FLEX has quadrupled its business over the past two years and continues to see tremendous growth as DTC continues to generate more than half of the company's revenue. With this partnership, CVS has the opportunity to bring a passionate population of consumers to their stores every month.
Nextdoor raises $ 47 million
Next door, Popular social network of neighbors, announced that it has Raised $ 47 million (£ 38 million) in funding From Mary Meeker’s Bond, ending a previously announced growth of $ 170 million (£ 138 million)
Funding Today Nextdoor has raised a total of US $ 455.2 million (£ 368.6 million) since its inception, according to its Crunchbase profile.
In a world where many people are glued to their devices, Nextdoor is a startup that has found a way to use technology to try to help people feel the community. The San Francisco-based company aims to connect people living in or near the same neighborhoods by creating a digital communication forum. Its presence has grown over time and currently, people in more than 247,000 neighborhoods in ten countries are using the platform.
The company makes money from a range of sponsored jobs as well as a real estate header that allows agents to brand themselves as local experts in the neighborhood.
Airbnb supports Atlas Shadow
Airbnb Mysterious Atlas she Join forces To make a list of new off-track travel options. The Brooklyn-based company today announced a $ 20 million Class B round of financing led by Airbnb. A + E and New Atlantic Ventures networks from other big investors.
Some of the new shows include the Kingdoms of Andalusia (eight days in Seville, Spain), delicious Vietnamese dishes (nine days in Hanoi, Vietnam), Chicago Underground Sasvinger Hunt, and a two-hour tomb of spirits and stories: Brave Women in Washington, DC
According to Atlas Obscura, the number of trips is usually more than ten participants or less, usually starting at about $ 1,300. Experiments tend to max in 10 people and go for about $ 20 to $ 60.
Joe Zade, Vice President of Airbnb, Head of Experience and President of Airbnb, said: “Atlas Obscura has excelled in delivering the kind of unique and unforgettable experiences travelers are looking for and this partnership will make our companies and community stronger.”
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