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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

Previous backers include Sequoia Capital, SilverLake, Dragoneer and Ant Group, among others. and plans to use its new capital in part to continue to grow there and globally. Overall, Klarna is live in 20 markets, has more than 90 million global active users and more than 2 million transactions a day conducted on its platform.

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Fliptu Gets $1.2M For Social Aggregation Tools

socalTECH

Los Angeles-based Fliptu , the developer of social aggregation tools for music and entertainment brands, has raised $1.2M The startup--led by Jeremy Gocke--said the funding came from Scout Ventures, Rick Dalzell (former Amazon CIO), Rich Heise (early Groupon investor), Hivers & Strivers, Kelly Perdew, and other angels.

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Bringing The Benefit Of Managed Cloud To Enterprises, With Metacloud

socalTECH

That allows companies to reuse their existing capital, get full control over where their data resides, and where their performance is very deterministic, day in and day you, because you''re not sharing it with any other tenant on the public cloud. CIOs are wondering if they should jump in, wait for production, or wait for things to mature.

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Want to Start a Technology Company in LA?

Both Sides of the Table

Los Angeles. Funding is different – In Silicon Valley you have mega venture capital funds and many of them. It’s not uncommon for incredibly smart and talented Phd’s or CS majors from Stanford to raise $10 million on an early-stage “platform&# that if it succeeds it will be huge.

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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

Last year I was on Sand Hill Road in Silicon Valley meeting with one of the most prominent venture capital firms in the country. Los Angeles. If you are talented, of course, you can get funded in any region with enough venture capital and obviously in markets outside of the Valley it is easier to get noticed and get access.