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Cargomatic Collects $35M

socalTECH

Long Beach-based Cargomatic , which develops technology to connect shippers and carriers, said this week that it has raised $35M in a Series B funding round. The funding was led by Warburg Pincus, and also included Canaan, Genesee & Wyoming, Xplorer Capital and Muse Family Enterprises. READ MORE>>.

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Flywheel Expands Into Los Angeles, Ramps Up Taxi vs. Rideshare Battle

socalTECH

The fight between Los Angeles taxicab drivers and services like Lyft and Uber haas just gotten even more interesting, as mobile app developer Flywheel said it has launched in Los Angeles. angeles losangeles launch mobile rideshare ride taxi smartphone sidecar lyft uber flywheel' READ MORE>>.

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MoneyTree Report: Southern California Q3 Venture Totals Drop To $663.27M

socalTECH

in funding, according to the latest numbers from the PricewaterhouseCoopers MoneyTree report, based on data from Thomson Reuters. in funding in Q3, down from the much larger, $2.5 billion in funding received in the region in Q2. Q2 fundings in Southern California were much higher, due to a giant $1.27 READ MORE>>.

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With a $3.5 million haul, Dray Alliance joins a booming logistics startup scene in LA

TechCrunch LA

With an angle on a long-neglected part of the shipping industry — the short-haul movement of cargo from docks to logistics centers — Dray Alliance is joining a growing startup scene for logistics businesses based in Los Angeles. Trucking logistics company NEXT Trucking takes in a $21 million haul. The company has raised $3.5

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