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Squarespace has raised $300 million in a round of funding that values the company at a staggering $10 billion valuation. New backers include Dragoneer, Tiger Global, D1 Capital Partners, Fidelity Management & Research Company, funds and accounts advised by T. Rowe Price Associates, Inc. and Spruce House.
Los Angeles-based StartEngine , the equity crowdfunding service run by serial entrepeneur Howard Marks, has chalked up 25 companies raising money on its platform since the start of 2017, according to the company.
Now it’s picking up some funding along with an endorsement Europe to further its growth. 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. The funding from the EIB ticks a couple of different boxes for the EU.
Milken is taking the plunge into institutional investing, joining Norton as a partner in Watertower Ventures just as the firm prepares to close on a $50 million new fund. With that in mind, the Watertower Ventures group, which launched in 2017 with a small, $5 million fund, is a return to those roots.
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.
Santa Barbara-based SerImmune , a company developing immune mapping technology, has raised $1.4M in new funding, as part of what appears to be an ongoing $7.0M funding effort. in funding back in 2017, from such investors as Illumina Ventures, Merck and others. SerImmune previously raised $8.0M READ MORE>>.
During the holiday season, our tradition over the last few years has been to post reflections on the past year and some predictions from Southern California's "movers and shakers" in the technology industry. What was the biggest personal lesson you learned from 2017? What was the big news for your company this year?
During the holiday season, our tradition over the last few years has been to post reflections on the past year and some predictions from Southern California's "movers and shakers" in the technology industry. What was the biggest personal lesson you learned from 2017? To start the day earlier and value routine in the morning.
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. REEF Technology raises $700M from SoftBank and others to remake parking lots.
in seed funding in Q1, which was up 2.5 percent from Q1 of 2017. The most active area for LA area seed investments was in media, entertainment, and gaming, with software-as-a-service businesses also bringing in significant seed funding. According to the report from Amplify, 23 LA startups raised a total of $52.9M
Los Angeles-based fintech venture capital investor Core Innovation Capital is out looking for new investors in its third fund, with a target of $100M, according to regulatory filing by the firm on Friday. As expected, the company has not detailed any information on the new fund. READ MORE>>.
In the latest fund in an unprecedented boom in local investment funds, Los Angeles-based Pontifax AgTech Management announced this morning that it has closed on its first fund, a $105M fund calld the Pontifax Global Food and Agriculture TechnologyFund. READ MORE>>.
Santa Monica-based Upfront Ventures has launched an effort to raise a new fund, worth $250M, according to a regulatory filing by the firm. According to that filing, Upfront's new fund, Upfront Growth III, L.P. Upfront has not detailed any information about the fund, as is usual for venture investors in the midst of fundraising.
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. These kinds of technologies, unlike AI, don’t automate away workers.
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.
Los Angeles-based Hyperloop Technologies , one of the companies looking to bring Elon Musk's concept of the Hyperloop, high speed transportation technology to life, has named Rob Lloyd as its new CEO. Lloyd was most recently President of Cisco Systems, and is also an investor in the company. Sacks, and others. ft location in downtown.
Los Angeles-based point-of-sale technology developer Appetize said Tuesday that it has raised $20M in a new funding round, led by private equity investor Shamrock Capital Advisors. Oak View Group, led by Tim Leiweke and Irving Azoff, also participated, along other investors. READ MORE>>.
This holiday season, we are again sharing the reflections on 2016 from Southern California's technology ecosystem. Today's contribution is from Lawrence Ng , serial entrepreneur who, last year, founded OnRamp Fund , a $10 million incubator that invests in early stage startups. You can see all of our holiday reflections here.
Venice, California-based early stage, pre-seed investment fund and accelerator Amplify.LA has released its latest report on the state of the Los Angeles technology scene, saying that the city had a "landmark year".
Los Angeles-based food brand Beanfields , a manufacturer of vegan, gluten-free, non-GMO, kosher chips, said this week that it has raised a Series B funding round. The funding was led by PowerPlant Ventures, and also included NRV and Western Technology Investment. Size of the funding was not announced. READ MORE>>.
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. Oculus, Snap, Tinder and others.
Jason Rowley is a venture capital and technology reporter for Crunchbase News. We’ve called these nine and 10-figure deals, which shine brightly in the media and are hefty enough to bend the curve of VC fund sizes upwards, “ supergiants ” after their stellar counterparts. 2018 is already a record year for venture funding worldwide.
Carlsbad-based Medsphere Systems Corporation , a provider of healthcare information technology solutions and services, annoucned this morning that it has raised $32M in a funding round. The funding came from Morgan Stanley Expansion Capital and East West Bank. READ MORE>>.
“We’ve created the HBCUvc Donor Circle as an opportunity for supporters and individuals to engage in our work and join a long-term strategy toward racial equity in venture capital and technology,” she wrote in the post. Mujhid had to communicate that the “community they’ve built may formally cease without emergency funding.”
Mayor Eric Garcetti at Upfront Summit, February 2017 I first sat down with then councilman Eric Garcetti on the Ides of March 2012 — almost 5 years ago exactly. He was running to be the 42nd mayor of Los Angeles and he outlined his vision to “open up the city government to technology and innovation” if he were elected.
Size of the new fund was not announced. Heller was previously VP Partnerships and Emerging Technology at Hulu, and was also CEO of Vhoto; Heller also previously served at Atlas Venture, Activision, Surreal Software, Microsoft, and founded DNAi, a developer of a graphical 3D engine. READ MORE>>.
Tuesday, September 26, 2017 -- How To Get Your Startup Funded - Tips From Entrepreneur and Renowed Angel Investor Jason Calacanis. Calacanis' new book is called, "Angel: How to invest in technology startups Timeless advice from an Angel Investor who turned $100,000 into $100,000,000." See [link].
Xconomy asked technology and innovation leaders around our network to reflect on the most important developments in their industries during 2017, and the answers were appropriately wide-ranging. Here now are responses, edited for clarity, from Mark Bowles, co-founder of medical diagnostics. Read more » Reprints | Share:
Venice, California-based venture capital investor Fifth Wall says it has made a $135M investment in San Francisco-based real estate sales startup Opendoor , as part of a combined equity and debt funding. The funding came as part of Opendoor's Series D funding round. READ MORE>>.
A serial entrepreneur with a background in retail, whose first company TryTheWorld was acquired by EarthBox in 2017, Dey was looking for her next project. Upon arrival, Yu realized she’d need a strong co-founder with experience in branding to help her navigate the massive market in the U.S. ”
in total funding, and came out of YCombinator in 2017. According to RepairSmith, it will incorporate CarDash's technology to enhance its product offering, and will services all of CarDash's customers from RepairSmith.com. CarDash had raised $5.3M RepairSmith is led by CEO Joel Milne, and is backed by Daimler AG.
Saturday, July 22, 2017 -- State of Digital Money. The State of Digital Money is Los Angeles premier professional event and conference focused on the conversation of the evolving trends and emerging technologies disrupting the global financial system and worldwide transactions. See [link] (more)
The company was founded in 2017, but only raised its Series A in December of 2019, when it raised $6M in funding. Trust & Will is backed by Link Ventures, Rise of the Rest Seed Fund, Western Technology Investment, Techstars Ventures, Luma Launch and Halogen Ventures. READ MORE>>.
It is an heroic accomplishment in a brutal fund-raising market in which only market leaders can bring in that sort of money. We started planning our fund raising as much as 14 months ago. Below is a graph of the NASDAQ the US public barometer of technology companies. But the story started more than 6 months ago.
All this holiday season, we have been sharing the reflections on 2016 from the movers and shakers in Southern California's technology ecosystem. Rob Freelen: The best lesson I learned in 2016 is that a well-managed company can succeed in any funding environment. This is a trend from 2016 that should gain momentum in 2017.
Section 32, a venture capital firm headquartered near San Diego that launched in 2017 with a $151 million fund, has had a big month. In an interview with Xconomy last year , the former Googler said his firm planned to focus most of its attention on investments at the juncture of life sciences and information technology.
The move is part of Haptik’s broader strategy to both expand its technology expertise and team and business overseas, Aakrit Vaish, cofounder and CEO of Haptik, told TechCrunch in an interview. Founded in 2017, Convrg has made a name for itself by developing several popular chatbots and voice products.
This holiday season, we are again sharing the reflections on 2016 from Southern California's technology ecosystem. of seed funding and launching our popular subscription service for kids ages 4-10. What's your favorite technology gadget, device, or innovation you ran across this year?
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>>.
Irvine-based Greenwave Systems , the developer of Internet-of-Things (IoT) software led by Martin Manniche, says today that it is on track to reach a $100M run rate in 2017, and now has 280 employees. The company is backed by EDBI, Singapore Technologies Telemedia, The Westly Group and E.ON. and recently raised $60M in funding.
Monday, April 24, 2017 -- SBIR/STTR Workshop. TriTech SBDC and UCI's "The Cove" are working together to bring you a complimentary workshop that provides a detailed overview of the Small Business Innovative Research (SBIR) and Small Business Technology Transfer (STTR) programs.
Friday, March 10, 2017 -- SBIR/STTR Workshop. TriTech SBDC and UCI's "The Cove" are working together to bring you a complimentary workshop that provides a detailed overview of the Small Business Innovative Research (SBIR) and Small Business Technology Transfer (STTR) programs.
million in seed funding to begin building a manufacturing facility and expand its presence in Los Angeles as the city continues to grow as a hub for robotics and automation. . That was around 2017, when the two first began brainstorming how they would build their company. Elementary Robotics has raised $3.6
Tuesday, September 26, 2017 -- TS2 Presents: Unlocking the Secrets of Scaling and Monetization Some of the biggest challenges faced by founders and CEOs of growing technology companies involve how to effectively monetize their IP and create sound strategies for growth. See [link] (more)
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