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Papaya raises $50M to give you a way to pay bills via its mobile app

TechCrunch LA

The company’s mobile application lets users take a photo of any bill and then its artificial intelligence-powered “bill-understanding technology” makes sure it gets paid (after a user has provided payment details, of course). has been an anomaly, with only 3% of bills being paid by a mobile device. In this respect, the U.S.

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Clearlake Capital Sells NetMotion Wireless

socalTECH

Santa Monica-based private equity investor Clearlake Capital Group announced this morning that it has sold Netmotion Wireless , a developer of mobile security software, to The Carlyle Group. Clearlake Capital acquired NetMotion Wireless back in 2012. Financial terms of the sale was not announced. READ MORE>>.

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March Capital Partners Backs Activehours

socalTECH

Los Angeles-based venture investor March Capital Partners , the investment firm run by Jim Armstrong, Sumant Mandal, Gregory Milken, and Jamie Montgomery, has made an investment in Activehours , a new startup offering up early access to paychecks. March Capital Partners launched its new $240M venture fund back in May of 2016.

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Reflections on 2016: Rob Freelen, Silicon Valley Bank

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All this holiday season, we have been sharing the reflections on 2016 from the movers and shakers in Southern California's technology ecosystem. In 2016, our Santa Monica office more than doubled market share of early-stage companies. This is a trend from 2016 that should gain momentum in 2017. Rob Freelen: Focus.

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Reflections on 2016: Brad Brooks, TigerText

socalTECH

This holiday season, we are again sharing the reflections on 2016 from Southern California's technology ecosystem. In healthcare, I think the impact of mobility is still in its infancy as far as the enterprise is concerned. You can see all of our holiday reflections here.

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LA-based gaming studio Scopely raises $200 million at a $1.4 billion valuation

TechCrunch LA

The Los Angeles-based mobile game development studio Scopely has become America’s newest unicorn thanks to a $200 million financing which values the company at a whopping $1.4 The company raised a $55 million round of financing in 2016, $60 million in 2017 and $100 million in 2018.

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Fitplan Finds $4.5M For Personal Training App

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Los Angeles-based Fitplan , which develops a mobile app focused on personal training, wellness, and fitness, has raised $4.5M Alex Rodriguez retired from the MLB in 2016, and is the founder of an investment irm, A-Rod Corp. in a funding round, according to the company.

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