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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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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)

LAVA 100
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GameMine Announces $20M Funding (Again), Claims Profit

socalTECH

Los Angeles-based mobile game publisher GameMine said on Tuesday it has raised $20M in a Series A funding round, and has reached "sustainable profitability", claiming it "is on track to do more than $20 million in profits before the end of 2018." The investor in that funding round was CEO Daniel Starr. READ MORE>>.

Funding 147
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Reflections on 2018: Clinton Foy, CrossCut Ventures

socalTECH

Editor's note: All this week, and into the start of next year, we'll be featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. What was the biggest news for your company in 2018? You'll be able to browse all of those contributions here.

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Down To Shop Snags Funding For Funny Shopping App

socalTECH

Los Angeles-based Down To Shop , a startup which combines humorous videos, a mobile app, and shopping, has scored funding from Greycroft Ventures, Lerer Hippeau, and Firstmark, the company said this week. Financial details of the funding have not been announced, but the company previously raised around $5.9M READ MORE>>.

Funding 113
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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. SketchAR — this Lithuanian company is developing an AI-based mobile app for teaching drawing using augmented reality. The new batch of startups coming from across the U.S.

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LA's Q3 2018 Seed Deals Steady, Says Report

socalTECH

Amplify LA said it found that software-as-a-service (SaaS) was the most funded sector, with a decline in investments in such areas as e-commerce and mobile technology. The group says its tracking found that the average seed round size was $2.2M for the quarter.

Report 133