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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.
Total venture capital investment dollars in 2017 are on their way to a decade high, according to a new report issued today, with $21.5 billion invested in the third quarter in more than 1,699 companies. The 3Q 2017 PitchBook-NVCA Venture Monitor report said the latest quarter worths of investment brings 2017's total to $61.4
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.
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.
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.
This morning, we have a contribution from investor and investment banker Peter Cowen of Sutton Capital Partners. Sutton Capital Partners is a technology investment banking firm and we are, investors in local SaaS/subscription companies and is well known as the host of the annual Recurring Revenue Conference.
Our third fund made some intriguing investments during the year (Postie, Nordsense, LiftIgniter and Qordoba) and we're now out of our investment phase. 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.
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. The funding came as part of Opendoor's Series D funding round.
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.
According to NetDocuments, it has received a "significant" new equity investment from another private equity investor, Cove Hill Partners. Size and terms of that investment was not announced by the companies. Clearlake acquired NetDocuments in 2017. READ MORE>>.
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.
The former CEO and founder of Los Angeles-based advertising exchange Rubicon Project, Frank Addante, has launched a new, startup investment fund, he announced on Wednesday, saying that after a brief foray into retirement he decided to launch TinkerBarn Ventures, a new startup studio and early stage investment fund.
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 Technology Fund. Pontifax AgTech was co-founded and is led by Ben Belldegrun and Phil Erlanger.
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. Kahoot--which was part of the Disney Accelerator in Burbank back in 2017--revolves around user-created quizzes, which people set up and share with other users.
billion in venture capital dollars were invested in the Southern California region in Q1, according to the latest MoneyTree Report , issued by PricewaterhouseCoopers LLP and CB Insights. invested across 71 deals in Q2 of 2017 in LA and Orange County, and $202.37M invested in San Diego for the quarter across 32 deals.
Thursday, November 30, 2017 -- Global LAVA: Blockchain and Cryptocurrency Investing. Speakers: Sheri Kaiserman, Head of Advanced Securities at Wedbush; Brad Bulent Yarar, Co-Founder Blockchain Investors Consortium (BIC); Adam Ettinger, Shephard Mullin; Heidi Pease, Co-Founder of UCLA and Los Angeles Blockchain Labs. See [link] (more)
This morning's interview is with Kevin O'Connor , a longtime investor and serial entrepreneur, who is now running venture capital investment firm ScOp Venture Capital. Kevin sold his last company, Santa Barbara-based Graphiq, in July of 2017 to Amazon, but has a long history of successful companies, including founding DoubleClick.
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?
Securities and Exchange Commission to raise its third growth-stage investment fund. Though the firm typically invests at the seed and Series A, capital from Upfront Growth III will be used for follow-on or late-stage deals. Upfront Ventures , a Los Angeles-based venture capital firm, has filed paperwork with the U.S.
The Los Angeles-based company’s public offering should be a nice windfall for the Chicago-based investors DNS Capital, an investment firm managing the private wealth of the Pritzker family, and Cleveland Avenue, founded by former McDonald’s executive Don Thompson; as well as the venture capital firms Kleiner Perkins and Obvious Ventures.
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.
The company’s financing troubles began in 2017 but a new crisis emerged last year after a fallout with Evergrande. The Chinese real estate giant backed out of a proposed $2 billion investment deal with Faraday at the end of 2018 following an extended dispute over terms. Faraday has since sought alternative investment.
Upfront VI is our latest core fund and is $400 million to invest in early stage entrepreneurs. If you watch the short video below you’ll have a great sense on what is uniquely LA in 2017 — hearing from Mayor Garcetti, Kobe Bryant, Tyra Banks, Baron Davis and so many great advocates for the uniqueness of our city and some of our key stats.
He started Dutchie in 2017 (and yes, it is named after the song ) in 2017 from Bend and has been slowly and steadily growing the business. ” That mantra of scalability was apparently what attracted Casa Verde, which took only two months to decide to lead the investment round into Lipson’s new venture. ”
Seed stage investments in Los Angeles area startups was up, year-to-year, according to the Q1 2018 LA Seed Deal Report from investor Amplify LA. percent from Q1 of 2017. According to the report from Amplify, 23 LA startups raised a total of $52.9M in seed funding in Q1, which was up 2.5 READ MORE>>.
Thanks to data from Crunchbase , we can bask in the glory of the five highest funding rounds in 2017 so far. Didi Chixing, the Chinese ride-sharing giant, has had the largest funding round of 2017, with a $5.5 “[The funds] will probably have invested in at least 1,000 companies within 10 years.”
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".
Irvine-based angel investment group Tech Coast Angels said this morning that it has had it's best Q1 ever, both in terms of dollars and total deals. According to the TCA, it invested $3.8M in total across 17 deals, for the quarter ending March 31st, 2017. InvestED, Mobilize Solutions, OnRamp, and Tot Squad.
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.
The funding was led by PowerPlant Ventures, and also included NRV and Western Technology Investment. PowerPlant Ventures acquired the majority ownership of Beanfields back in 2017. Size of the funding was not announced. Beanfields' CEO is Arnulfo Ventura. READ MORE>>.
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? We’ve invested heavily in inventory management software so we can track every bin and every item of your stuff and know where it is at all times.
However, the abrupt departure comes after Virgin Hyperloop One reportedly had lost a major investment deal with Saudi Arabia, after Branson publicly critized the country for the high profile disappearance (and likely murder) of journalist Jamal Ahman Kashoggi at the Saudi Arabian consulate. READ MORE>>.
The company said it anticipates treating patients in Canada in the first quarter of 2017. Axonics is venture backed by Advent Life Sciences, Cormorant Asset Management, Edmond de Rothschild Investment Partners, NeoMed Management, Legend Capital, The Alfred E.
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>>.
San Diego-based Section 32 , the venture capital investment fund of former Google Ventures CEO and founder Bill Maris, is looking to raised $250M for its second fund, Section 32 Fund 2. Section 32 is just one of a large number of new venture capital investment firms to set up shop in Southern California in 2017. READ MORE>>.
The fund is a boost from the firm's last fund, which closed in January of 2017 at $63M. Bonfire says it plans to invest in 25 to 30 companies over a three year investment period, focused on the seed stage of investing. READ MORE>>.
TeleSign was acquired by BICS in 2017, and now has more than 300 employees. According to TeleSign, Disraeli will help continue the firm's focus on its core business areas, plus investment in new solutions for its customers. Disraeli co-founded TeleSign with Stacy Stubblefield and Darren Berkovitz in 2005. READ MORE>>.
.” For startups entering program they receive investment capital, access to coworking space at Disney’s creative campus and mentor support and guidance from top Disney executives, entrepreneurs, investors and other notable business leaders from the entertainment and technology communities, and have a Demo Day at the campus.
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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