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

TechCrunch LA

Just over three months after its last funding round, European fintech giant Klarna is announcing today that it has raised another $639 million at a staggering post-money valuation of $45.6 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 in a seed funding round, the company said Friday. The company said it will use the funds to bolster its product team and expand into new verticals. READ MORE>>.

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Bringing The Benefit Of Managed Cloud To Enterprises, With Metacloud

socalTECH

The company announced a funding round from Canaan Partners, Storm Ventures, and AME Cloud a couple of weeks ago. CIOs are wondering if they should jump in, wait for production, or wait for things to mature. That allow enterprise CIOs to jump into OpenStack head first. What is pushing those CIOs to consider private clouds?

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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. They not only have gotten bigger but they have an amazing track record of funding the biggest names in the sector: Cisco, Apple, Google, Facebook. As a result many funds are OK with big bets.

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

Both Sides of the Table

I’ve heard it many founders of VC backed companies in LA who tell me that in their NorCal VC meetings they are told, “we might be interested but we’d want you to relocate to the Bay Area if we funded you.&#. Los Angeles. Funding is different outside of Silicon Valley. Let me use LA as an example.