Thu.Feb 16, 2017

Trending Sources

Silicon Beach Report Feb. 16: Tinder Acquires Snapchat-Like App Wheel

L.A. Business Journal

Tinder acquires Snapchat-like app Wheel, Snap Inc. aims to raise as much as $3.2 billion in IPO, and Disney’s Maker Studios is eyeing layoffs

Dermata Secures $10M in Combined Financing for Skin Treatments

Xconomy

Dermata said it. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

Shippabo Snags $1.8M For Global Freight Shipping Software

socalTECH

Los Angeles-based Shippabo , a developer of software used to help importers manage freight and shipping, including comparing quotes from freight forwarders, filing government paperwork, and other related functions, has raised $1.8M in a funding round. Wilson and Wonder Ventures' Dustin Rosen both join the company's board with the funding.

MAKE IT Monthly - Social Media for Emerging Brands: DIY Tips for Big Results

SoCal Tech Calendar

Wednesday, February 22, 2017 -- MAKE IT Monthly - Social Media for Emerging Brands: DIY Tips for Big Results. New digital platforms enable emerging brands and products to gain awareness quickly and drive sales. But navigating the landscape can be daunting. See [link] (more

Maven Teams With The City of LA On EV Sharing Effort

socalTECH

Maven , the car sharing service run by GM, and the City of Los Angeles said this morning at an event downtown, that the firm will be placing 100 of its GM Bolt electric vehicles into the area to help get people out of their cars. Those vehicles will cost $12 an hour to borrow, with free charging provided through EV fast charging provider EVgo.

More Trending

Exactuals Adds $10.6M In Series B, A Week After Series A

socalTECH

Los Angeles-based Exactuals , the developer of a software-as-a-service product used to track complex payments such as residuals and royalties, announced on Wednesday that it has raised $10.6M in a Series B funding, bringing its total raised to $21.5M. The announcement comes only a week after it revealed an earlier, $10M funding round. READ MORE>>.

How Do I Feel About the Snap IPO Given I Didn’t Invest?

Both Sides of the Table

The story is Evan Spiegel and Bobby Murphy and the amazing team that supports them. We did know about Snapchat as early as anybody. Mostly kidding.

Orreco Finds $2M For Sports Science, Opens Office In LA

socalTECH

Orreco , an Irish company developing machine intelligence and data collection tools to improve professional sports performance, has raised $2M, and is opening up an office in Los Angeles, the company said on Wednesday. The Series A funding came from True Ventures. Orreco was founded in 2010 in Ireland. READ MORE>>.

Tinder Acquires Snapchat-Like App Wheel

L.A. Business Journal

Tinder announced on Thursday that it had acquired Wheel, a video-and-picture slide show app developer, for an undisclosed amount

OzoBot Raises $3M For Educational Robots

socalTECH

Redondo Beach-based Ozobot , which develops educational robots used for teaching software coding, has raised $3M in a Series A funding round, the company said late Wednesday. The funding was led by Tribeca Venture Partners. Ozobot said the new funding goes towards product development of its products. Nader Hamda is the founder and CEO of Ozobot.

Control your euphoria!

Berkonomics

One thing a senior manager can count on is that someday, something will go right, very right.  The problem sometimes comes shortly thereafter.  Growth!

Snap Sets Initial Estimated IPO Range, Seeks Up To $3.6 Billion In IPO

socalTECH

Venice, California-based Snap Inc. , the parent company of Snapchat , has set its estimated initial IPO pricing, saying this morning in a filing that it estimates its initial public offering price at betwen $14.00 and $16.00 per share. Snap said it is planning to sell as many as 230,000,000 shares of its stock, which would net it around $3.68

Report: Amazon Launching New Game Studio In San Diego

socalTECH

Amazon.com is launching a new game studio in San Diego, according to reports , in an effort being led by former Sony Online Entertainment chief John Smedley. The new studio apparently is looking to hire on many of the game developers who were at SOE. Smedley had been at Sony Online Entertainment for 20 years, up until July of 2015. READ MORE>>.

Tinder Buys Wheel

socalTECH

Los Angeles-based mobile dating app developer Tinder has acquired another, Los Angeles mobile app firm, Wheel , the companies disclosed this morning. Financial terms of the buy were not announced. Wheel's founders, Paul Boukadakis and Chris Shaheen have both joined Tinder as executives. READ MORE>>.