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Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

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.

Startup 310
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Reflections On 2017: Anna Barber, Techstars LA

socalTECH

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.

Press 193
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Clearlake's NetDocuments Gets New Investment

socalTECH

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.

Invest 113
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Core Innovation Capital Plans $100M, Third Fund For Fintech Investments

socalTECH

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.

Invest 133
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OpenX Reports More Than $170 Million in 2017 Revenue

L.A. Business Journal

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.

OpenX 100
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Reflections On 2017: Michael Jones, Science Inc.

socalTECH

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.

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Disney Invests $15M In Kahoot, Maker Of Learning Games

socalTECH

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>>.

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