intelligence360
  • About us
  • Video News Daily
  • Contact Us
  • Search Icon

intelligence360

The Intelligent News Source

District Raises $14.7M in Seed Funding to Unlock the Next Generation of Online Commerce

District Raises $14.7M in Seed Funding to Unlock the Next Generation of Online Commerce

May 13, 2026 Craig Etkin

The company launches AI Commerce Platform in GA

LOS ANGELES–(BUSINESS WIRE)–District, an AI commerce platform, today announced $14.7M in seed funding led by Andreessen Horowitz and Kindred Ventures, with participation from Greylock Partners, Jaren Glover, former Depop CEO Maria Raga, Gokul Rajaram, Soleio, Deborah Liu, Imran Khan, Jacob Andreou, Peter Sellis, Josh Siegel, SV Angel, 20VC, and others.

Founded by Snap alumni Eddie Koai, Patrick Mandia, and Khoi Tran, District is an AI-powered commerce platform designed to help anyone build and grow a world-class commerce business. Creators, entrepreneurs, and brands use District to launch custom, interactive experiences for their customers, inspired by how they sell on social, and without writing code or hiring engineers. After quietly building for the past three years and onboarding more than 1,000 businesses, District is now launching in General Availability. Starting today, anyone can build, own, and scale their business on District.

“Whenever a group of people forms around a shared interest, commerce naturally follows,” said Eddie Koai, CEO and co-founder of District. “We saw it everywhere, in fandoms, resale communities, and employee groups. People were already buying and selling with each other, but they were doing it with makeshift tools. District exists to turn those informal, high-trust marketplaces into real, scalable businesses. We’re building infrastructure so anyone with a product, audience, or idea can create their own commerce platform.”

The shift in commerce

While buying has shifted from static websites to live, social, and community-driven formats found on large marketplaces, commerce tools for independent businesses have not kept pace with the way people buy and sell today. Most platforms still force brands into rigid formats that control the customer relationship, data, and experience. As a result, creators, entrepreneurs, and brands are often forced to sacrifice ownership, economics, customization, and the ability to experiment with new selling methods.

At the same time, AI has dramatically lowered the complexity and cost of entry when it comes to building a platform. What once required engineers and months of coding can now be built in hours with AI.

“As the cost of software development approaches zero, the winners will be platforms that combine speed, adaptability, and real infrastructure,” said Bryan Kim, Partner at Andreessen Horowitz. “District enables businesses to run complex commerce operations without the traditional overhead, handling infrastructure and operational layers behind the scenes so brands can easily invest in new and changing selling formats. District is well positioned to power a meaningful share of new commerce businesses created in the years ahead.”

How District works

By removing the technical barriers, brands can finally build the way they want to sell on the internet, making it possible for anyone to turn their ideas into thriving businesses with the ability to host live streams, manage auctions, gate subscriptions, and more. On District, key capabilities include:

  • AI Builder: Generates fully customized storefronts, community features, and selling formats like live shopping from a simple prompt. Users describe their vision, products, audience, and how they want to sell and the AI Builder brings it to life.
  • Commerce Manager: Serves as the operational command center, giving businesses everything they need to run day-to-day operations. This includes listings, inventory, subscriptions, payments, order fulfillment, and moderation, all in one dashboard.
  • Backend Services: Provides enterprise-grade support typically unavailable to small and mid-sized businesses, including fraud prevention, human customer support, dispute resolution, and seller and buyer protection.

Customers

Early customers are already seeing meaningful traction. NikNax generated more than $5M in 2025 with more than 5,000 sellers on its platform. Stacked Golf generates $150,000 in weekly sales with more than 1,000 active sellers. Additional customers include Quentin Tarantino’s New Beverly Cinema, live shopping marketplace Dibdit, and Midwest Box Breaks.

The demand for flexible, owned infrastructure is accelerating. District also powers enterprise brands that need more than off-the-shelf solutions, providing the ability to experiment with new selling formats and operate at scale without being locked into platform rules. With today’s funding, District will continue investing in AI-driven tools, expanding operational services, and scaling the platform to support businesses of all sizes. To build your own commerce business or learn more, visit district.net.

About District

District is an AI commerce platform that enables anyone to build and grow their online business, founded by former Snap product and tech leads Eddie Koai, Patrick Mandia, and Khoi Tran. With District, anyone can create custom shopping experiences, from live selling and auctions to marketplaces and paid communities, without requiring technical skills. District is based in Los Angeles, and has raised $14.7M in funding from Andreessen Horowitz, Kindred Ventures, and others. For more information, visit: https://district.net/

Contacts

district@thehatchagency.com

(c)2026 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, California, District, Los Angeles, Venture Capital

Post navigation

NEXT
Executive Change: Frontier Scientific Solutions Appoints Michelle DAngelo as Chief Commercial Officer
PREVIOUS
Steady Growth Is the New Playbook: 92% of CPG Manufacturers Are Focused on Building, Not Buying
Comments are closed.

Source: http://go.intelligence360.io/ and https://intelligence360.news/

Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
Subscribe

Categories

Recent Posts

  • Interchecks has raised $50 Million in new Series C funding July 9, 2026
  • Intellectible has raised $3 Million in new Seed funding July 9, 2026
  • Homeland Vinyl Products plans $5.5 Million expansion in Tennessee creating 50 new jobs. July 9, 2026
  • Urban Outfitters plans $150 Million expansion in Pennsylvania creating 1,050 new jobs. July 9, 2026

Archives

© 2026   Copyright SI360 Inc. All Rights Reserved.