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NXCR, Led By Scott Painter, Scores $30M In Seed Funding

socalTECH

Los Angeles-based NXCR, a new, subscription car startup led by automotive startup veteran Scott Painter, has raised $30M in a seed funding, based on an internal employee email obtained by socaltech. According to the email from Painter, the funding is the company's first external equity financing.

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Pipe Picks Up $60M For SaaS Financing

socalTECH

Los Angeles-based Pipe Technologies , which is developing a subscription financing platform to help software companies finance their businesses without debt or dilution, has raised $60M in a funding round, the company said on Wednesday.

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10 Ways To Get The Capital You Need For Your Startup

Startup Professionals Musings

For example, professional investors put great priority on your previous experience in building a business, and they expect to own a portion of the business equity and control for the funds they do provide. Trade equity or services for startup help. Another common example is exchanging equity for legal and accounting support.

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Privlo Raises $2.1M For Private Mortgage Marketplace

socalTECH

In some what-did-our-spam filter eat-recently funding news, Santa Monica-based Privlo recently raised $2.1M in a seed funding round, for its online marketplace for private mortgage loans. Privlo, which was founded by Michael Slavin, said the new funding came from QED Ventures.

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8 Expectations Of Investors Who Risk Their Own Money

Startup Professionals Musings

Here are eight key insights that will help you find a productive match: Angels want equity ownership, not causes. That means you need to lead with your credentials, rather than your disruptive technology. Every angel looks to scale the business after you have funded product design, perhaps with friends and family.

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10 Alternative Funding Sources For Your New Venture

Startup Professionals Musings

For example, professional investors put great priority on your previous experience in building a business, and they expect to own a portion of the business equity and control for the funds they do provide. Trade equity or services for startup help. Another common example is exchanging equity for legal and accounting support.

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How To Identify New Venture Assistance Organizations

Startup Professionals Musings

Most of these are non-profits, set up by a university to commercialize new technologies, or a municipality to foster business development for the local economy. Direct seed funding, for a share of the equity, and introductions to investors. Mentoring and technical assistance from volunteer or paid experts.