Media / Startups

Etsy used ‘cash on hand’ to complete Grand Street buy [Startup Roundup]

Equity filing at Etsy // Well funded gaming student in Dumbo // Tech competitions

Updated: An earlier version of this story stated that Etsy had raised an equity round related to an acquisition. This has been clarified.

Who’s getting money?

Etsy listed raising $5.6 million, according to an SEC filing. In an email from the company, Technically Brooklyn learned that the filing relates to the acquisition of Grand Street. Updated: Company spokeswoman Nikki Summer clarified that the listing actual relates to Etsy using ‘cash on hand’ to complete the deal.

Turbo Studios of Dumbo came out of stealth mode with an article on Venture Beat about its backing from Korea’s SoftBank. Amounts weren’t disclosed. The company’s CEO, Yohei Ishii, was formerly a VP for Business Development for CCP, the company behind Eve Online and other massively multiplayer games.

Who’s making moves?

Two of the top teams at ScriptEd’s hackathon this past weekend were all or partly Brooklyn. In an email, Maurya Couvares wrote, “We had two students from the Academy of Innovative Technology on the winning team for their project SoundMood.  We had an all-ladies, all-Brooklyn team come in third place for their wordsearch app.” We wrote about the organization’s expansion to Cypress Hills earlier this week.

Pensa is collaborating with Horse Cycles as the New York City team in The Bike Design Project, a competition between here, Chicago, Portland, Seattle and San Francisco to come up with the ideal urban bike. The contest is a project of The Oregon Manifest and sponsored by Levi’s.

Who’s getting buzz?

Time, Inc. is honoring Makers’ Row, Placemeter and Strolby as three of its ten startups to watch during Internet Week, today.

Alexis Ohanian invested in a now defunct ride-sharing service called Ridejoy. It’s profiled in a piece on how hard it can be to make a startup pay when it is “like Uber for whatever.” Apparently, especially when it’s really like Uber.

Ohanian also announced at the end of his talk at TWO5SIX that he was working on what sounds like a sort of maker space in Brooklyn. Details are still being worked out. No neighborhood was named, but it’s clearly here.

The company Tech Crunch Disrupt hackathon winner Angel Say works for, Red Hook’s Nanotronics Imaging, is in a video by Imagine Science Films.

Companies: Turbo Studios / Placemeter / Pensa / ScriptEd / Maker’s Row / Etsy
Series: Brooklyn

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