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How MakeSpace Recently Closed $30 million in New Funding

Both Sides of the Table

So how did a company that provides storage grow so fast (we’ll exit 2017 with 10’s of millions in recurring revenue), why is it so defensible and is it really a tech startup? Today I’m excited to announce we’ve recently raised $30 million in growth finance led by 8VC , with Kimmy Scotti joining our board.

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LA-based Metropolis raises $41 million to upgrade parking infrastructure

TechCrunch LA

Upgrading ParkMobile’s license plate-based service with a computer vision based system that recognizes cars as they enter and leave garages has been Metropolis’ mission since founder and chief executive Alex Israel first formed the business back in 2017. In all, Metropolis has raised $60 million since it was formed back in 2017.

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Los Angeles-based ‘deep tech’ investment firm Riot Ventures is raising a $75M fund

TechCrunch LA

Riot Ventures , the Los Angeles-based, early-stage and deep technology investment firm is going out to market to raise a $75 million second fund to finance the development of startups in LA and beyond, according to fundraising documents viewed by TechCrunch.

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ServiceTitan is LA’s least likely contender to be the next billion-dollar startup

TechCrunch LA

Now following a $62 million round of funding led by Battery Ventures last month, the company is worth roughly $800 million, according to people with knowledge of the investment, and is on its way to becoming Los Angeles’ next billion-dollar business.

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Interview With Jamie Montgomery, March Capital Partners On The Firm's New Fund

socalTECH

Santa Monica-based venture investor March Capital Partners (www.marchcp.com) announced last week that it has raised a second fund, worth $300M. To learn about the new fund, we sat down with Jamie Montgomery , one of the fund's co-founders, to hear about March Capital's strategy and the new fund.

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QLess Gets Wins For Line Management

socalTECH

Pasadena-based QLess , a developer of artificial intelligence software for managing lines, says it has scored a number of wins with local governments, as a result of the COVID-19 pandemic. The company says it uses artificial intelligence to help drive its mobile tool. Financial impact of those wins were not announced.

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Techstars Music Names New Class Of Startups In LA

socalTECH

The accelerator said its 2017 and 2018 classes have so far raised more than $40M in follow on investment, with a combined valuation of more than $300M. READ MORE>>.

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