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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. Those three LA programs alone invested in a total of 38 companies this year. What was the big news for your company this year?
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. Starship Technologies is describing this as a “quasi-equity facility”, meaning there is a venture loan involved in the mix. It has now made more than 2.5
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.
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? www.science-inc.com).
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.
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. This morning, we have a contribution from investor and investment banker Peter Cowen of Sutton Capital Partners.
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.
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?
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.
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.
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.
This holiday season, we are again sharing the reflections on 2016 from Southern California's technology ecosystem. 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.
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. “I see two things happen. One people look at the effects of where the market’s going.
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.
Riot Ventures , the Los Angeles-based, early-stage and deep technologyinvestment 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.
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.
To secure the financing, Faraday said it had its intellectual property and technology valued — they are apparently worth $1.25 The company’s financing troubles began in 2017 but a new crisis emerged last year after a fallout with Evergrande. Faraday has since sought alternative investment. billion, it claimed.
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".
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.
Irvine-based medical device manufacturer Axonic Modulation Technologies announced this morning that it has received marketing approval in Canada, from Health Canada. The company said it anticipates treating patients in Canada in the first quarter of 2017. Mann Foundation. READ MORE>>.
The funding was led by PowerPlant Ventures, and also included NRV and Western TechnologyInvestment. 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>>.
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.
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>>.
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>>.
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>>.
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.
In response to VCs’ sudden rush to invest in more Black founders , Black venture capitalists and entrepreneurs have penned a bunch of advice on the best way to tap into talent. Among the strategies? Team up with Black firms already doing the work. Joining the donor circle is the best way to get involved in HBCUvc.
Barber launched the Techstars program in Los Angeles back in 2017, and has been in the Los Angeles area since 2000, where she worked both in technology and entertainment, including founding ScribblePress, which she sold to Fingerprint Digital before joining Techstars. M13's loal investments include LootCrate and ProGuides.
had acquired Placed in 2017, paying $135.2M The acquisition by Foursquare came after it raised a new $150M investment from the Raine Group. Foursquare said the acquisition will deepen its location technology platform. READ MORE>>.
With lead investors like Fika Ventures and Fathom Capital, and co-investors, including Toyota AI Ventures, Ubiquity Ventures, Riot.vc, Osage University Partners and Stage Venture Partners, Elementary Robotics is readying itself for commercial pilots with a few undisclosed customers as it proves out its technology.
All this holiday season, we have been sharing the reflections on 2016 from the Southern California's technology ecosystem. Michael--despite a recent move to Puerto Rico--is a longtime fixture of the LA technology community, having founded Marketwired here, and is an expert on Bitcoin. He's also a very active angel investor.
The new investment follows Scopely’s milestone of achieving more than $1 billion in lifetime revenue. Indeed, part of the reason for the financing is to accelerate the pace of its acquisitions and investments into new game development studios, according to chief executive, Walter Driver.
What you might not realize is that the adorable droid was the brain child of Sphero, a robotics and digital technology company and an alumni to the Disney Accelerator program. Meet the 11 startups for 2017: Ambidio. There’s no denying that BB-8 was the star of the most recent installment in the Star Wars universe, Rogue One.
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)
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>>.
All this holiday season, we have been sharing the reflections on 2016 from the movers and shakers in Southern California's technology ecosystem. Other examples include media tech companies ZEFR and GumGum � both having record years and positioned extremely well for continued growth in 2017. Rob Freelen: Focus. He earned a B.A.
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. Viant is led by technology veteran Tim Vanderhook, who founded Viant with brothers Chris and Russ. and $21.00
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 TechnologyInvestment, Techstars Ventures, Luma Launch and Halogen Ventures.
This holiday season, we are again sharing the reflections on the year from Southern California's technology community. Cody Simms: Techstars tripled down on Los Angeles in 2016 with the launch of three investment and mentorship programs for startups through which we will be investing in more than 30 startups per year in LA.
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>>.
Wednesday, June 28, 2017 -- LAVA's First Look LA. Join us at Cal State Los Angeles for a full day of innovations and technologies presented by the region's finest researchers and inventors! This technology preview is geared for Serial Entrepreneurs, Angel Investors, and Venture Capital Investors. See [link] (more)
Joining Initialized in the round is the serial entrepreneur Moise Emquies, whose previous clothing lines, Ella Moss and Splendid, were acquired by the fashion holding company VFC in 2017. “We partner with the investment groups at the agencies,” said company founder and chief executive, Ari Bloom.
All this holiday season, we have been sharing the reflections on 2016 from the movers and shakers in Southern California's technology ecosystem. Jeb Spencer: We closed our nineteenth and twentieth software focused growth equity investments this year, a significant milestone for our firm. An interesting investment for our firm, the $16.5
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. Sharp had been at BP's venture arm for the last nine years; the company said Sharp helped BP's investment portfolio of over $600 million with investments into more than 50 companies.
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