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ChowNow Names CTO

socalTECH

Los Angeles-based restaurant ordering systems developer Chownow says it has named a new Chief Technology Officer. The company is backed by Daher Capital, Double M Partners, Karlin Ventures, Steadfast Venture Capital, Upfront Ventures, and Velos Partners.

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Papaya Picks Up $50M For Mobile Payments

socalTECH

Los Angeles-based Papaya, a fintech startup developing a mobile bill payment application, says it has raised $50M in a Series B funding. The funding was led by Bessemer Venture Partners, and also included Sequoia Capital, Acrew Capital, 01 Advisors, Mucker Capital, Fika Ventures, F-Prime, and Sound Ventures.

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Stemson Therapeutics Finds $7.5M For Hair Loss Cure

socalTECH

According to the company, the new funding will go to advance development of its therapeutic solution to cure hair loss. The funding from Fortunis Capital came out of its Impact Fund. as Vice President of R&D and Preclinical Development, and Cenk Sumen, Ph.D. as Chief Technology Officer. READ MORE>>.

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Relativity, a new star in the space race, raises $140 million for its 3-D printed rockets

TechCrunch LA

Using its proprietary printing technology, Relativity says it can slash the time it takes to develop a rocket from design to launch by up to two years. Relativity Space chief technology officer Jordan Noone next to one of the company’s 3-D printers. space industry. ” .

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Venture investors and startup execs say they don’t need Elizabeth Warren to defend them from big tech

TechCrunch LA

Responding to Elizabeth Warren’s call to regulate and break up some of the nation’s largest technology companies, the venture capitalists that invest in technology companies are advising the presidential hopeful to move slowly and not break anything. This too shall pass.” ” . ”

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Campus Steps Gets $3M

socalTECH

The funding included $2M in a strategic investment and $1M in a venture commitment, according to the company. The company''s Chief Technology Officer is Dave Meyer (Free Credit Report, eNeighborhoods), and its Chief Product Officer is Jeanne Anderson (DogVacay). Names of those investors were not announced.

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MySpace Founders Head North In Casual Gaming Deal

socalTECH

MySpace founders Chris DeWolfe, Colin Digiaro, and Aber Whitcomb are taking the reins at a casual and social gaming venture called MindJolt, which announced its funding Wednesday. The new firm, based out of San Francisco, is being funded by Austin Ventures. The new firm will be headed by former MySpace CEO Chris DeWolfe.