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Mobile LAVA: Silicon Beach Ecosystem

SoCal Tech Calendar

Saturday, March 10, 2018 -- Mobile LAVA: Silicon Beach Ecosystem. Come learn from VCs and Angel Investors about funding for your Mobile company, moderated by Peter Cowen. See [link] (more)

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Quibi Finds $400M, Details Short Form Mobile Video Plans

socalTECH

Los Angeles-based Quibi , the previously stealth-mode mobile video startup founded by Jeffrey Katzenberg and Meg Whitman, said at CES that it has raised $400M in a funding round. Quibi renamed itself in October of 2018, but has been mum about its plans in the content world.

Mobile 100
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Jam City Adds Quidditch To Harry Potter Mobile Game

socalTECH

Los Angeles-based mobile games developer Jam City , the developer of the popular Harry Potter: Hogwarts Mystery mobile game, says it is adding a new feature to the game focused on the fictional sport of "Quidditch". Quidditch is from the popular series of Harry Potter books and movies, and involves flying around on broomsticks.

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Platinum Equity Sells Verra Mobility To Gores For $2.4 Billion

socalTECH

Los Angeles-based private equity investor Platinum Equity says it is selling one of its portfolio companies, Verra Mobility , to The Gores Group , in a deal worth approximately $2.4 The deal values Verra Mobility at 11.0x the company's 2018 pro forma Adjusted EBITDA of approximately $219 million.

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Snap accelerator names its latest cohort

TechCrunch LA

Yellow , the accelerator program launched by Snap in 2018, has selected ten companies to join its latest cohort. Nuggetverse — Los Angeles-based Nuggetverse is creating a children’s media business based on its marquee character, Tubby Nugget. The new batch of startups coming from across the U.S. Wabisabi Design, Inc.

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Verizon names Los Angeles as the second of four cities to receive 5G rollout before 2019

TechCrunch LA

My boss’ boss’ boss was on CNBC this morning touting Verizon ‘s new 5G services and naming Los Angeles as the second city in America to be treated to a commercial rollout of the new networking technology. McAdam also named Los Angeles as the second of four cities that will receive 5G rollout from Verizon.

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LA's Q3 2018 Seed Deals Steady, Says Report

socalTECH

A new report, from Los Angeles startup investor Amplify LA , says that Los Angeles seed investment deals in Q3 were for the most part steady, with a total of $59.4M raised across 27 Los Angeles startups. The group says its tracking found that the average seed round size was $2.2M for the quarter.

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