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In case you missed it, here’s a roundup of recently announced deal updates. Additionally, be sure to click the “Follow” button on any company’s profile page that you are interested in.
Gatsby featured in Entrepreneur & recommended by InvestorPlace for the second time
This month, Gatsby was featured in Entrepreneur’s recent article called, “Gatsby Is Making Options Trading the Side Hustle of the Moment.” The author notes, “While most people with any investing interest know about Robinhood, you might not have heard of Gatsby — yet.” Additionally, InvestorPlace, one of America’s longest-standing independent financial research firms, recently featured Gatsby for the second time to its investor community.
Carson Life returns with over $2.5M in revenue
After a successful SeedInvest round last year, Carson Life is back for a Bridge round. The company achieved $2.5M in 2020 total revenues to date, already surpassing their achievement of $2.1M total revenues in 2019. Specifically, Carson Life achieved a 410% growth in DTC sales ($1.4M in 2020 compared to $274K in 2019). Additionally, the company achieved a gross profit margin of 79% in 2019, which is up from 73% the prior year.
GROUNDFLOOR announces early sign-up for its upcoming beta program for their new mobile app, YIELD
GROUNDFLOOR, a wealthtech platform that provides everyone with simple and direct access to private real estate debt investments, has announced an early sign-up program to beta test its planned smartphone app, YIELD. The app will enable users to set recurring investments and/or invest their spare change. YIELD will automatically reinvest the interest earned to help build savings and get users one step closer to their financial goals. Users will be able to withdraw their earnings at any time without penalties, making it easy to access funds when they are needed most.
AT&T projected to reduce wireless network inspection costs by over 50% using Optelos
Multinational telecommunications conglomerate AT&T began using Optelos’ proprietary AI-powered platform for digital asset inspection, in late Q3 2020 to provide inspection and analysis of AT&T’s wireless network. Through this collaboration alongside other service providers, AT&T is projected to lower its inspection costs by 53%, and reduce its asset inspection time by over 42%, compared with their previous manual process. Optelos has completed inspections over multiple AT&T sites, providing drone flight services, 3D models of the towers, and data analysis.