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  • Safi Bello

The startup that was supposed to help Best Buy offer gadget rentals has shut down

Recode -------- Lumoid, an e-commerce startup that rented out cameras, drones and fitness trackers, and which recently inked a partnership with Best Buy, has shut down, the company’s founder announced in a Facebook post. The startup graduated from the Y Combinator incubator program in 2013 and went on to raise a few million dollars in venture capital and another $1 million in venture debt. But it appears that the company was recently unable to raise the additional funds it needed to survive, despite the partnership with the big-box retailer. To learn more click on the picture below to read the article.

The startup that was supposed to help Best Buy offer gadget rentals has shut down - Read More from Recode

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