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Summer International uses social media data to launch new beauty brands

TechCrunch

If you follow #beautytok, #beautytube or any beauty content on social media platforms, you know that popular product trends are hard to keep up with. The company launched in 2018 along with Gushcloud International, an influencer marketing firm. They are also available on Summer.store, the company’s proprietary social commerce network.

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01 Advisors, founded by Dick Costolo and Adam Bain, just closed on $395M more

TechCrunch

You might imagine that if two former Twitter chieftains and a longtime C-suite Facebook exec agreed to build a venture firm together, they would chase after nascent social networks. You’d be wrong. All rights reserved.

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Social commerce startup Elenas secures $20M to help more LatAm women sell online

TechCrunch

Founder and CEO Zach Oschin started the Colombia-based social commerce company in 2018 (and participated in our Latin American Startup Battlefield that year) to move the traditional independent sales process online. Social commerce startup Elenas raises $6M and plans for international expansion.

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Indonesian halal-focused social commerce startup Evermos lands $30M Series B

TechCrunch

Evermos is an Indonesian social commerce startup with two goals: to let people earn extra income by opening online stores without spending capital and to help small brands grow into household names. Evermos was founded in November 2018 by Ghufron Mustaqim, Iqbal Muslimin, Ilham Taufiq and Arip Tirta. Image Credits: Evermos.

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Gen Z social app Yubo rolls out age ‘estimating’ technology to better identify minors using its service

TechCrunch

Yubo , a social livestreaming app popular with a Gen Z audience, announced today it’s becoming one of the first major social platforms to adopt a new age verification technique that uses live image capture technology to identify minors using its app, in order to keep them separated from adult users.

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Super, an Indonesian hyperlocal social commerce startup, raises $28M led by SoftBank Ventures Asia

TechCrunch

Super uses social commerce and a streamlined logistics chain to lower the cost of goods. The funding brings Super’s total raised so far to more than $36 million, which the company says is the most funding an Indonesian social commerce startup has raised so far. Indonesian social commerce app KitaBeli gets $10M led by Go Ventures.

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Brazilian social commerce marketplace Facily quietly raises $366M in less than a year, now valued at $850M

TechCrunch

Facily, a São Paulo-based social commerce marketplace, has quietly raised over $366 million in funding across four different rounds over the last year. It credits an asset-light business model and logistics network as factors behind its success. That investment values the startup at $850 million.

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