Omni storage & rentals fails, shutters, sells engineers to Coinbase35 million-funded Omni is packing up and shutting down after struggling to make the economics of equipment rentals and physical on-demand storage work out. The startup fought for a second wind after selling off its physical storage operations to competitor Clutter in May. Then sources tell me it t...
$35M-funded Omni pivots from storage to rentals via retailersOmni simply couldn't scale storing stuff in giant warehouses while dropping it and off picking it up from people on demand. Storage was designed to bootstrap Omni into peer-to-peer rentals of the goods in its care. But now it's found a better way by partnering with retailers which will ...
Omni Raises Funding From Ripple Execs and Highland CapitalIn a non-traditional deal, the storage startup raised a round in XRP and dollars that totaled $25 million at close in December
Ripple turns investor as execs lead $25M round for storage and rental startup OmniEarlier this month, I wrote that crypto companies are going to become investors in 2018. I didn't quite imagine that happening as quickly as mid-January, but here we are. Ripple, the fintech startup behind the controversial XRP token, has its first investment after it backed U.S.-based storage startup Omni through a $25 million round.
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