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Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup

socalTECH

Fouad ElNaggar , a former venture capitalist who had been responsible for the Los Angeles office of Redpoint Ventures, has scored funding for a new startup, Sapho. According to Sapho, it has raised $9.5M in a Series A funding, which was led by Alsop Louie Partners. Sapho is in Silicon Valley. READ MORE>>.

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Cedars-Sinai Backs Censinet In $7.8M For Risk Management

socalTECH

Los Angeles-based Cedars Sinai is one of the major backers of a new startup, Censinet , in the company's Series A funding. in a Series A, co-led by HLM Venture Partners and Cedars-Sinal Health System, to provide third party risk management for healthcare providers. According to Censinet, it raised $7.8M READ MORE>>.

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

TechCrunch LA

in markets such as New York and Los Angeles. Eric Munson, founder and CIO of Adit Ventures, said his firm believes the “best is yet to come as Klarna multiplies their addressable market through global expansion.” . It is planning to expand into a number of new markets this year. Making sense of Klarna.

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Ryan Blair, HashtagOne: From Gang Member, To Entrepreneur, To Anti-VC

socalTECH

He eventually founded and sold consumer health firm ViSalus to a public company and is now back making investments, in technology companies, as a venture capitalist here at Los Angeles-based HashtagOne (www.hashtagone.com). I'm a bit of an anti-VC, as you know. It was really the same business, but with less capital.

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ZestFinance Gets $150M In Debt Financing

socalTECH

Los Angeles-baesd online lender ZestFinance said today that it has raised $150M in debt financing, from Fortress Investment Group. ZestFinance was founded by Douglas Merrill, former CIO of Google; the company is venture backed by Peter Thiel, Matrix Partners, Kensington Capital Holdings, and Eastward Capital Partners.

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Local Angels Back Scripted.com

socalTECH

A number of Southern California angel investors, including Jody Mulkey , the CIO of Shopzilla, have backed Scripted.com , a new online marketplace for freelance writers. Scripted.com, which is led by Sunil Rajaraman, also counts Break Media's Keith Richman as an advisor, along with actor/writer/director Edward Burns. READ MORE>>.

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Some Thoughts on Branding Startups and Communities

Both Sides of the Table

Brad Feld visited Los Angeles this past week. ” Many people on the Westside of Los Angeles are using the term Silicon Beach these days to describe the amazing renaissance that is truly happening here. Let my try those for Los Angeles as an example: Second largest city in America with 13 million people.

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