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Startups Weekly: YC grad Revels plan to connect women over 50

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the weeks noteworthy news pertaining to startups and venture capital. Before I jump into todays topic, lets catch up a bit. Ive been on a bit of a startup profile kick as of late. Last week, I was tired from Disrupt. Before that, I wrote about up and coming telemedicine company Alpha Medical.
Remember, you can send me tips, suggestions and feedback to kate.clark@techcrunch.com or on Twitter@KateClarkTweets. If you dont subscribe to Startups Weekly yet, you can do thathere.

Startup Spotlight


Y Combinators latest batch concluded two months ago, which means my inbox is beginning to fill with pitches from companies ready to talk about the first rounds of fundraising. Weve profiled many of the companies already, like Tandem, Narrator, SannTek Labs and more to come.
This week, I have some notes on Revel, a recent grad from the hot accelerator network that plans to create a nationwide subscription-based network tailored to women over the age of 50. The startups founders, Harvard Business School graduates Lisa Marron and Alexa Wahl, say there are no good existing options in the market to help women in this demographic foster new relationships.
Startups Weekly: YC grad Revels plan to connect women over 50

I think a lot of the things that exist are nonprofits that are a little antiquated now, Marron tells TechCrunch. I think we saw that those are really serving the need of our members parents generation, but they havent really adapted as much to the modern age.
Women 50 years and older can become a member of Revel. For now, the service is free, though the company plans to charge a $100 annual fee in the coming months. Currently, Revels community includes 500 women. With a $2.5 million funding led by Forerunner Ventures Kirsten Green, the small team plans to expand within the Bay Area. They said they wont begin establishing Revel outside the region until they raise a Series A.
Its hard to imagine women will stay committed to paying an annual Revel membership, considering the real value comes from the companys ability to facilitate introductions to like-minded women. Once those introductions have been made, women can discontinue their membership and develop relationships outside the service. Forerunner Ventures, however, is known for backing successful and prominent brands, like Glossier, Warby Parker and Outdoor Voices. My guess is Revel has ambitions to become the brand representing women over 50 seeking meaningful connections.
We want to take this wide in a short number of years because we feel there is a need and opportunity to build this strong community for women of this age; venture capital in that sense was rocket fuel, adds Marron.

VC rounds





Lilium seeks $500M, says sources




Indian e-commerce company Club Factory nabs $100M




Grammarly gets $90M at more than $1B valuation




Clari snags $60M on $500M valuation




Electric moped business Revel gets $27.6M




Parsley Health secures $26M Series B




Lattice valued at $200M with new funds from Tiger Global




Polte raises $12.5M to track devices using LTE signal




M&A





Uber plans to buy a majority stake in a Latin American grocery delivery business called Cornershop. The Chilean startup was founded in 2015 by Oskar Hjertonsson, Daniel Undurraga and Juan Pablo Cuevas. It will continue to operate under that leadership in its current form for now, says Uber.




To beat Amazon Go, Standard Cognition is buying DeepMagic, a pioneer in autonomous retail kiosks. The $86 million-fundedStandard Cognition is racing to equip storefronts with an independent alternative using cameras to track what customers grab and charge them. But Amazons early start in the space poses a risk that it could patent troll the startup, writes TechCrunchs Josh Constine.




Extra Crunch


Extra Crunch subscribers have a lot to chew on this week. Reminder, if you havent yet signed up for our premium content service, you still can here.
This week, I wrote about the importance of having a culture expert on staff at a venture capital firm. Increasingly, startups are being judged for their cultures, diversity of staff and more. VCs, for the most part, are unprepared to help their companies foster more inclusive environments, and thats a problem. One firm, True Ventures, has taken a big step toward holding their companies accountable for culture and giving them real resources to help them improve things early. I talked to True Ventures Madeline Kolbe Saltzman about her new title, VP of Culture.

Equity


I took a break from Equity this week, but my co-host Alex Wilhelm was in studio with IPO expert James Clark. Listen to the excellent conversation here.
Equity drops every Friday at 6:00 am PT, so subscribe to us onApple Podcasts, Overcast, Spotifyand all the casts.
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