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Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. Hyundai Motor Group has committed to invest $87 billion over the next five years.
Techstars has grown tremendously around the world in 2017, establishing a new venture in India and launching vertical accelerators focused on things like smart cities (in Dubai), energy (in Norway), defense (in Boston) and insurtech (North Carolina). Those three LA programs alone invested in a total of 38 companies this year.
Since we started Science six years ago, we've co-founded and invested in more than 70 companies and have exited multiple portfolio companies. What was the biggest personal lesson you learned from 2017? Are there any technology innovations, gadgets, devices, software, that particularly caught your eye in 2017.
The fund--managed by Arjan Schutte and Kathleen Utecht--invests in financial technology companies, and counts such portfolio companise as Fair , Honest Dollar (acquired), CoverHound , Mirador (acquired), Nerdwallet , Ripple , Tio (acquired), and many others. As expected, the company has not detailed any information on the new fund.
The startup has received €50 million (just under $57 million at today’s rates) from the European Investment Bank, the funding arm of the European Union. It is not disclosing its valuation with this investment, but Alastair Westgarth said that this doesn’t rule out raising further funding from investors.
NetDocuments , the developer of a cloud-based platform for managing the documents of law firms and corporate legal and compliance departments which is backed by Santa Monica-based private equity investor Clearlake Capital , has scored a new, strategic funding. Size and terms of that investment was not announced by the companies.
OpenX, a Pasadena-based programmatic advertising technology company, announced $172 million in 2017 revenue in a March 13 report. In addition, OpenX invested $50 million into research and development this past year.
A-Frame , a Los Angeles-based developer of personal care brands supported by celebrities, has raised $2 million in a new round of funding led by Initialized Capital. “We partner with the investment groups at the agencies,” said company founder and chief executive, Ari Bloom. We create an entity that we spin out.
Burbank-based Disney has made a $15M investment in Norwegian educational and learning games developer Kahoot , Kahoot said Friday, in a deal which grows Disney's stake in the company. READ MORE>>.
Today's contribution is from Alon Goren , the co-founder of Crowd Invest Summit and 805 Startups. Alon Goren: This year, my partners, Josef Holm (Krowdster), Darren Marble (CrowdfundX) and I started Crowd Invest Summit. Finally, what do you think will have the biggest impact on the technology industry in 2017?
The Los Angeles ecosystem is $76 million stronger today as Fika Ventures , a seed-stage venture capital firm, announces its sophomore investment fund. Fika invests roughly half of its capital exclusively in startups headquartered in LA, with a particular fondness for B2B, enterprise and fintech companies.
Over their longtime personal and professional relationship, the two Los Angeles-based serial entrepreneurs have invested in each other’s companies and investment firms, but never worked together until now. These opportunities are creating an opening for Watertower Ventures in markets far beyond the Hollywood hills.
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. Marcus has a long background in angel investing and company creation.
Located at the southeastern tip of the San Fernando Valley, the Los Angeles suburb counts its biggest employers as the adhesive manufacturer Avery Dennison; the Los Angeles industrial team for the real estate developer CBRE; the International House of Pancakes; Disney Consumer Products; DreamWorks Studios; Walt Disney Animation and Univision.
Los Angeles-based 3Rodeo , a brand venture capital investment firm led by former Hulu executive Noah Heller, says it is targeting investments in startups in Los Angeles. 2017 has been a banner year for new startup funds in Los Angeles as well as Southern California as a whole. Size of the new fund was not announced.
Sir Richard Branson is out as the Chairman of Los Angeles-based Virgin Hyperloop One , the developer of high speed, "hyperloop" transportation technology, the company said on Monday. Two other, local Branson-linked firms--Virgin Galactic and Virgin Orbit-- also had deals with Saudi Arabia for investments. READ MORE>>.
Perforce Software , a developer of software used by developers to manage their software source control and DevOps--which is backed by Santa Monica-based Clearlake Capital Group--has scored a new round of funding, the company announced this morning. Clearlake first made its investment in Perforce in late 2017.
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? years of software development. Today I’m excited to announce we’ve recently raised $30 million in growth finance led by 8VC , with Kimmy Scotti joining our board.
Los Angeles-based advertising exchange and technology developer OpenX said on Tuesday that its net revenues rose to $172M in 2017, as it saw 20 percent growth in its revenues for the fourth quarter. The company said it invested over $50M in R&D efforts towards its technology an product in 2017. READ MORE>>.
Los Angeles-based TeleSign , which develops customer identification products, including two factor authentication and other related products, has named co-founder Ryan Disraeli as its CEO, the company said on Thursday. TeleSign was acquired by BICS in 2017, and now has more than 300 employees. READ MORE>>.
the parent firm of Snapchat , has sold off Placed , a developer of location intelligence and offline attribution software tools. had acquired Placed in 2017, paying $135.2M The acquisition by Foursquare came after it raised a new $150M investment from the Raine Group. Los Angeles-based Snap Inc. ,
Los Angeles-based Bellco Capital , a new investment firm founded by Drs. Rebecka and Arie Belldegrun, who founded Kite Pharma and Allogene Therapeutics, is in a new effort with real estate developer Tishman Speyer , which combines life sciences support with real estate development.
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 new investment follows Scopely’s milestone of achieving more than $1 billion in lifetime revenue.
And over the past three years, Imperson has developed conversational chatbots powered by their artificial intelligence for several Disney projects, including most recently for Walt Disney World’s Pandora – The World of Avatar , according to a press release. .” Meet the 11 startups for 2017: Ambidio. Epic Games.
NantCell is developing immunotherapy products, and is working on a portfolio of biological molecules that it says will enable it to develop a cancer vaccine to combat multiple tumor types without the use of high-dose chemotherapy. The new investment was made on December 19th. According to NantCell, Celgene now has 2.8
Real estate developer World Class and automotive AI and data company Vast launched a new venue, LZR , in downtown Austin today, saying that the new venue will offer up 10,000 square feet of rentable event space, complete with a stage, warehouse, lounge, bar, and landscaped outdoor patio.
Vividion Therapeutics, a biotechnology company that launched in 2017 around discoveries made in Scripps Research Institute labs, has raised $82 million in financing. Nextech Invest, a Swiss investment firm that funds companies developing cancer therapeutics, led the Series B round of funding.
Costa Mesa-based venture capital investor CerraCap Ventures says it has seen an exit out of its investment portfolio, saying that the sale of digital gifting and exchange company Swych resulted in a 4.3X Swytch was a developer of digital gift card and mobile gifting apps, and was acquired about four weeks ago by a company called Finablr.
Michael Terpin: My personal biggest news in 2017 was moving to Puerto Rico. Whether it was sticking with bitcoin and blockchain as a sector when naysayers abounded, working to develop talent on my team, or investing in travel and education as a vehicle for personal and professional growth, I find one generally reaps what they sow.
That was around 2017, when the two first began brainstorming how they would build their company. After about a year of research, the company launched with an initial investment of $1.2 ” As a result of the investment, Fika Ventures co-founder and managing partner Eva Ho will take a seat on the company’s board of directors.
Glendale-based Beyond Limits , a venture-backed developer of artificial intelligence software, has named Meghan Sharp, Ph.D., Sharp most recently led BP Ventures/Americas investment in Beyond Limits in 2017, leading the company's $25M Series B funding round and joining its board.
Playa Vista-based Appetize , which develops tablet-based, modern point-of-sale (POS) technology for the food service and retail markets, says it has doubled its employee count in the last year to 200, as it sees what it calls "exponential" growth in its business. READ MORE>>.
Corona, California-based Clubspeed , which develops software used to manage go karting tracks, race tracks, trampoline parks, and family entertainment centers, has been acquired by private equity investor Nadavon Capital Partners , the two said over the weekend. Financial terms of the deal were not announced.
San Diego-based Qualcomm has negotiated a settlement in Taiwan, which will reverse most of a giant $774M fine levied against the company in 2017, reducing that fine to just $93M. Qualcomm paid $93M to Taiwan in July after an antitrust dispute with the country. Qualcomm paid $93M to Taiwan in July after an antitrust dispute with the country.
Streaming game engine developer Genvid Technologies --which is backed by Santa Monica's March Capital Partners--has raised $6M in new funding, in a Series A investment, the company said today. Genvid is based in New York. Genvid has now raised $10M in total. READ MORE>>.
Our learnings and developments from Maven will go on to benefit and accelerate the growth of other areas of GM business.”. Maven developed and launched a smartphone app, which was used by customers to search for and reserve a vehicle, unlock the door and remotely start, cool or heat the car. . Image Credits: Screenshot/Maven email.
Thursday, July 13, 2017 -- Intellectual Property: What, When, Where, Why, and How. A well-developed patent portfolio (along with an intellectual property portfolio, generally) conveys a high degree of technical and commercial sophistication to potential investors, customers, competitors, and licensees. and abroad.
Empirico, a biotech that has developed tools to analyze genomics data and use those insights to identify potential therapeutic targets, has signed a collaboration deal with antisense drug developer Ionis Pharmaceuticals that includes a $10 million equity investment.
Irvine-based a href="[link] Technology, a developer of advertising software, says it has launched an IPO, intending to sell 7,500,000 shares of its Class A common stock in an offering on the Nasdaq Global Market as DSP. in 2018, and the acquisition of Adelphic in 2017. The IPO will raise as much as $181M for Viant. and $21.00
Other examples include media tech companies ZEFR and GumGum � both having record years and positioned extremely well for continued growth in 2017. Finally, what do you think will have the biggest impact on the technology industry in 2017? This is a trend from 2016 that should gain momentum in 2017. Rob Freelen: Focus.
Friday, January 20, 2017 -- Hub 101 Talks. Dr. Beth Seidenberg focuses on life science investing in digital health and biotech and works with entrepreneurs to develop companies with breakthrough technology for treating patients and improving the delivery of healthcare. Dr. Beth Seidenberg, Kleiner Perkins Caufield and Byers.
The company saw revenues grow tenfold in the last two years and its total number of properties balloon to over 1,000, and now it will use the new funding for expansion, specifically adding more properties to its platform; and to continue developing its technology as it expands into more aspects of the property rentals business.
” There are other tools out there, IBM has OpenPages and ThomsonReuters developed a tool for audit and risk and compliance , but these software services pre-dated Sarbanes-Oxley, and were not made with a modern organization in mind, according to Lee and Kim. “Companies still manage Sarbanes-Oxley in Excel.”
Jeb Spencer: We closed our nineteenth and twentieth software focused growth equity investments this year, a significant milestone for our firm. Every now and then we feel like we are finally starting to get a hang of this investing thing -- though the feeling doesn't always last very long. READ MORE>>.
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