News

TRAXyL, Inc., an industry disrupter in the optical fiber installation industry, today announced the closing of an oversubscribed $5 million series seed funding round led by Draper Associates, a global venture capital firm investing in industry-transforming companies. TRAXyL

Even before the baby formula shortage, Bobbie co-founders Sarah Hardy and Laura Modi were working on a plan to fix the broken industry. Inc.

“When it’s your own business, it’s hard to disconnect from work and not attach the company and how well it’s doing to your own worth and identity,” says Carley Lake, co-founder of slow fashion app Lucky Sweater. Fortunately, they’re on an upward trajectory… The Robora

When Partake Foods founder and CEO Denise Woodard’s daughter was a year old, she began having food allergies, and while seeking out options, she was not excited by what she saw. TechCrunch

As a mother of two, Susie Jaramillo was looking to introduce her kids to music and stories that incorporated Hispanic culture. When she couldn’t find it, she decided to create it. Along with a co-founder, Encantos, was born. NY1

Mario Amaro, founder/CEO of Ease, was featured as a panelist in Out-Of-Pocket’s discussion about how we can get to physician independence. Out-Of-Pocket

Pair Eyewear’s co-founder Sophia Edelstein and Partake Foods’ founder Denise Woodard made Inc.’s 2022 Female Founders 100 List. Inc.

Each year, millions of civilians—non-lawyers, that is—represent themselves in civil court, because they’re not poor enough to merit free legal aid and not sufficiently affluent to afford attorney fees. Of course, the other side typically has legal representation. And that puts those civilians struggling to navigate the system at a severe disadvantage. “It means that middle-class people end up being shut out of the process,” says Sonja Ebron. That’s why, in 2019, she and co-founder—and wife—Debra Slone launched Courtroom5. Forbes

For those who have to go to court without a lawyer, navigating the justice system can be daunting. Courtroom5 is a unique justice tech company that addresses that problem by providing pro se litigants with the training, tools, documents and support they need to represent themselves. For litigants who need extra help, it also offers access to à la carte lawyer services. LawNext Podcast

In a 2018 McKinsey/LeanIn.org study of 64,000 employees at 279 companies in North America, 45% of women of color said they were often the only one in the room at work. Such isolation was proving to be costly to their careers and the companies that employed them. Those findings were hardly a surprise to Tiffany Dufu. In 2018, the leadership advocate and consultant launched The Cru to give women the support they often lack at work — especially Black women like herself. Forbes

The origin stories of some of the world’s biggest tech companies begin in and around college campuses. Mark Zuckerberg started Facebook from his Harvard dorm. Dylan Field was at Brown when he decided to pursue a Peter Thiel Fellowship that would ultimately birth Figma, the software company we reported last week was getting bought by Adobe for $20 billion. Others are now adding their own chapters because even tough markets and looming recessions can’t deter a 20-something with an entrepreneurial dream. Take Liam McGregor, 25. He’s the CEO and founder of Marriage Pact—a dating startup popular on dozens of campuses. Bloomberg

Brightflow AI is injecting technology into this problem with its forecast and analysis tools so that small businesses can assess their cash flow and make data-driven decisions in real time. Brightflow also has a capital lending program to help during times of volatility or periods of high interest rate for traditional capital. TechCrunch

If you’ve experienced any form of harassment on Twitter in the last couple of years, then you’ve probably heard of Block Party. And if you haven’t, lucky you! TechCrunch

Christine Tao, CEO and Cofounder of SoundingBoard joins the aSaaSins Podcast to talk about the process she went through raising her seed round and Series A, as well as the future of executive coaching. aSaaSins

Even before the pandemic, employers were concerned about attrition due to childcare responsibilities, especially among female talent. Providing childcare benefits is a critical way to combat this attrition. Shadiah Sigala knew this firsthand. She is a cofounder of a fast-growing startup, HoneyBook, and was the first female employee to become pregnant. As head of HR, it was her responsibility to write the startup’s policy, not just for her but all employees. She searched for firms that helped employers provide childcare to their employees. “The two biggest players in the industry were dinosaurs,” exclaimed Sigala. “They were considered the gold standard for the industry.” Inspired by her need for daycare and her difficulty finding suitable solutions for the startup she worked for, Sigala left HoneyBook four years ago to address this gap as cofounder and CEO of Kinside. Forbes

This week The Founder Spotlight is on Kevin Delaney, co-founder and CEO of Charter, a media and insights company on a mission to transform every workplace and catalyze a new era of dynamic organizations where all workers thrive. The Fund

Carbon Collective, an online investment adviser that creates climate-focused 401ks, is the latest entrant to throw its hat into the ring of ESG exchange-traded funds. Bloomberg

Encantos’ bilingual preschool brand, Canticos, was featured as Apple’s “App of the Day” on September 15, 2022! Apple

When a cable installer told Dan Turner’s father that it would be “impossible” to bring fiber optic internet cable to his home, Turner decided to prove them wrong. If the installer could drive on the road, then they could use that same road to bring the internet home. Prince William County Econ Dev

Bloom Community, a startup that helps queer and ethically non-monogamous people build communities, has raised a $2.5 million seed round led by Tuesday Capital. Business Insider