May 15, 2018

Good Eggs raises $50 million, led by Benchmark

Dan Primack, author of Pro Rata

Photo by Gary Friedman/Los Angeles Times via Getty Images

Good Eggs, a San Francisco-based online grocery for fresh products, has raised $50 million in new VC funding. Benchmark Capital led, with partner Bill Gurley joining the company's board of directors.

Why it's a big deal: Because this one of few startups that seems to have come out the other side of a massive restructuring, which included a financial recap, layoffs, market closures, top management changes and a realization that Good Eggs is a food biz enabled by tech rather than a tech company involved with food.

"We spent the first eight months of 2016 solely focused on bedrock foundation, so the board didn't have a single conversation about growth," CEO Bentley Hall tells Axios.

He adds that the company plans to open another Bay Area facility and soon expand to the Los Angeles market. Overall, however, Hall doesn't necessarily foresee the company moving beyond the West Coast

  • Other investors: Index Ventures, Obvious Ventures, S2G Ventures, DNS Capital, Uprising and Collaborative Fund.
  • This round means that both Benchmark and Sequoia Capital (via Instacart) have returned to the sector site of their most public failure (Webvan).

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Updates: Cities move to end curfews for George Floyd protests

Text reading "Demilitarize the police" is projected on an army vehicle during a protest over the death of George Floyd in Washington, D.C.. early on Thursday. Photo: Yasin Ozturk/Anadolu Agency via Getty Images

Several cities are ending curfews after the protests over the death of George Floyd and other police-related killings of black people led to fewer arrests and less violence Wednesday night.

The latest: Los Angeles and Washington D.C. are the latest to end nightly curfews. Seattle Mayor Jenny Durkan tweeted Wednesday night that "peaceful protests can continue without a curfew, while San Francisco Mayor London Breed tweeted that the city's curfew would end at 5 a.m. Thursday.

Murkowski calls Mattis' Trump criticism "true and honest and necessary and overdue"

Sen. Lisa Murkowski. Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images

Sen. Lisa Murkowski (R-Alaska) said Thursday that she agreed with former Defense Secretary James Mattis' criticism of President Trump, calling it "true and honest and necessary and overdue."

Why it matters: Murkowski, who has signaled her discomfort with the president in the past, also said that she's "struggling" with her support for him in November — a rare full-on rebuke of Trump from a Senate Republican.

Facebook to block ads from state-controlled media entities in the U.S.

Illustration: Rebecca Zisser/Axios

Facebook said Thursday it will begin blocking state-controlled media outlets from buying advertising in the U.S. this summer. It's also rolling out a new set of labels to provide users with transparency around ads and posts from state-controlled outlets. Outlets that feel wrongly labeled can appeal the process.

Why it matters: Nathaniel Gleicher, Facebook's head of security policy, says the company hasn't seen many examples yet of foreign governments using advertising to promote manipulative content to U.S. users, but that the platform is taking this action out of an abundance of caution ahead of the 2020 election.