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As it adds Jeremy Milken to the partnership, Watertower Ventures nears $50 million close for its new fund

Derek Norton and Jeremy Milken have known each other for twenty years. Over their longtime personal and professional relationship, the two Los Angeles-based serial entrepreneurs have invested in each other’s companies and investment firms, but never worked together until now. Milken is taking the plunge into institutional investing, joining Norton […]

Shelf Engine has a plan to reduce food waste at grocery stores, and $12 million in new cash to do it

For the first few months it was operating, Shelf Engine, the Seattle-based company that optimizes the process of stocking store shelves for supermarkets and groceries, didn’t have a name. Co-founders Stefan Kalb and Bede Jordan were on a ski trip outside of Salt Lake City about four years ago when […]

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In a potential big win for renewable energy, Form Energy gets its first grid-scale battery installation

Form Energy, which is developing what it calls ultra-low-cost, long-duration energy storage for the grid, has signed a contract with the Minnesota-based Great River Energy to develop a 1 megawatt, 150 megawatt hour pilot project. The second-largest electric utility in the U.S., Great River Energy’s installation in Cambridge, Minn. will […]

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LetsGetChecked raises $71 million as COVID-19 epidemic makes home-testing increasingly vital

As the country wrestles with the COVID-19 epidemic, home health testing, checkups and diagnostics have never been more important and companies like LetsGetChecked are filling a void left in a U.S. healthcare system consumed by the outbreak. The surge in demand for the company’s services has led to an equal […]