DogVacay, a service that matches pet-sitters with dog owners, said Monday that it has raised $25 million in a round led by Canadian pension fund OMERS. New investor GSV Capital and existing investors Science, First Round Capital, Benchmark, Foundation Capital and DAG Ventures also participated. The Los Angeles startup has now raised a total of $47 million, and the company said it would use the infusion to expand both in North America and internationally. DogVacay today has 20,000 boarders registered, and it’s booked a total of one million overnight stays for pets.
Ten months after announcing acquisition, PayPal has merged it and Braintree’s payments platform and developer operations. Startups and big companies alike now can offer PayPal services and Braintree’s card processing through as single API.
Airbnb is exploring a way to match its hosts with users based on more sophisticated metrics, which the company calls “matchmaking.” Here’s how this concept can improve the sharing economy as a whole.
Stripe, a payments provider for emerging startups, is exploring new types of currency transactions starting with bitcoin. It’s launched a bitcoin pilot among its customers, which it plans to expand into a beta trial.
Though they aren’t raising the huge nine-figure funding rounds of fellow sharing economy companies Airbnb and Uber, pet sitting startups Rover and DogVacay are getting more VC attention.
Braintree may be part of the eBay/PayPal(s ebay) empire now, but it’s not abandoning its focus on becoming the payments provider for emerging startups. Braintree, in fact, is trying to add virgin e-commerce, m-commerce and collaborative consumption companies to its roster by offering to process the first $50,000 of their transactions for free. Braintree started the program, called Ignition, in 2012 with the aim of getting 1,000 startups set up for payments, and companies like Everpurse and Tastemaker signed up. Those companies may not have made it quite as big as its more famous clients like Uber and Airbnb, but with Ignition now open to any U.S. startup, Braintree is hoping it can help get the next Uber off the ground.
After buying up several of its competitors, GrubHub has announced its intentions to take its online digital food delivery and takeout operation public.
The payments startup has become a hot item since PayPal/eBay’s $800 million acquisition of competitor Braintree. As e-commerce increasingly shifts to mobile payments and collaborative consumption, Stripe’s developer-friendly payments platform holds a key advantage.
Payments processor Braintree is seeing a huge year-over-year jump in mobile payments this holiday season. According to CEO Bill Ready we’re witnessing the pent-up demand from consumers to use their phones as shopping tools.
Though eBay is buying Braintree to make PayPal more relevant in mobile, PayPal is showing it has plenty of game in the new smartphone-driven economy. The deal makes PayPal an Uber payment option on two continents.