socalTECH

DECEMBER 23, 2019

We have invested in 13 companies out of our Fund 1 so far and are more bullish than ever on the amazing entrepreneurs we are meeting and the companies we are helping them build. We also had our first exit for Moonshots Capital Fund 1 --Threatcare. At the same time, more capital continues to be raised in LA. Since 2010, $6.3B

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Capital Technical Review Truecar Venture Capital 100

SoCal Tech Calendar

MARCH 22, 2019

Thursday, March 28, 2019 -- Interested in meeting and pitching to early-stage Angel Investors and Venture Capitalists in Southern California? Register for the FundingPost event on Thursday, March 28th, 2019. FundingPost has hosted 400 sold-out venture events in 22 cities over the past 17 years. See [link] (more)

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Los Angeles Venture Capital Angel Conference 100

socalTECH

DECEMBER 27, 2019

The continued growth of startup communities in Los Angeles. I am excited for the big moves being made in Los Angeles. Many jobs have been created and companies have received funding through our efforts of supporting and bringing value to founders. What was the biggest news for you/your company this year?

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socalTECH

JUNE 17, 2020

Los Angeles-based Allset , a startup which allows users to book a table and pre-order food at restaurants, said it has launched a new app and website. Allset also said it recently raised $8.35M in new funding, and has now raised $16.6M Allset also said it recently raised $8.35M in new funding, and has now raised $16.6M

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socalTECH

JUNE 23, 2020

Los Angeles-based Upfront Ventures has just kicked off an effort to raise a new, $280M venture capital fund, Upfront VII, L.P. According to the filing, there have not been any commitments to the fund yet. Upfront--as is expected--has not announced any details on the new fund yet. READ MORE>>.

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GRP Partners Funding Venture Capital Los Angeles 113

TechCrunch LA

OCTOBER 27, 2020

The 29 year-old CEO has, indeed, built a decentralized ghost kitchen — and managed to convince Softbank’s latest Vision Fund to invest in a $120 million round for that the company announced today. “Nextbite is a portfolio of delivery-only restaurant brands that exist only on UberEats, DoorDash, and Postmates.”

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TechCrunch LA

JUNE 15, 2020

Bourgeois bunker jokes aside, this new redistribution of investors could create some interesting — and perhaps more inclusive — changes in the way venture-backed businesses are funded. If the wealthy are no longer a quick drive from San Francisco, are they more open to doing remote investments?

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Invest Funding Los Angeles Venture Capital 161

socalTECH

SEPTEMBER 5, 2018

Westlake Village BioPartners , a brand new venture capital fund focused on the life sciences, said on Wednesday that it has launched a new, $320 investment fund aimed at early stage companies. According to the new venture fund, it was founded by Beth Seidenberg, M.D., executive vice president and head of R&D at Amgen.

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Westlake Village Funding Venture Capital Research 100

socalTECH

OCTOBER 5, 2021

Los Angeles-based Orca Security, a cloud-based security provider, has raised a big, $550M Series C funding round, with a valuation of $1.8 The company--led by CEO Avi Shua--said the new funding was led by Temasek. Orca Security was founded in 2019. billion, the company said this morning.

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Redpoint Los Angeles Capital Funding 113

socalTECH

SEPTEMBER 17, 2021

Los Angeles-based live shopping streaming marketplace operator Whatnot said on Thursday that it has raised $150M in a Series C funding. The funding came from Andreessen Horowitz, YC Continuity, and new investor CapitalG, along with angel investors Andre Iguodala, Logan Paul, Gokul Rajaram, and Nilam Ganenthiran.

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TechCrunch LA

NOVEMBER 11, 2020

billion in VC investment from January to October, already matching 2019 levels. At a national level, the United States received more VC funding for impact tech companies than any other country in the past five years, with investors pumping $35.8 Arrival is now operating in Los Angeles, while Octopus Energy launched in the U.S.

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Venture Capital Press Invest Research 357

socalTECH

SEPTEMBER 28, 2020

Los Angeles-based Lyre's Non-Alcoholic Spirit Co. in a seed funding round. The funding came from VRD Investment, Doehler Ventures, DLF Venture, Maropost Ventures, and HNWI, along with a number of family offices. Lyre's said the funding comes as it prepares to launch a "ready-to-drink" range of products.

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Seed Funding Los Angeles Funding Design 113

socalTECH

FEBRUARY 22, 2021

Los Angeles-based Xos, a relatively unknown, new electric truck startup, has agreed to go public at a $2 billion valuation, via a SPAC offering, according to reports. The deal will raise $220M in funding, with investors reportedly including Janus Henderson Group Plc and a group of truck dealers led by Thompson Truck Centers.

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Report Acquisition Los Angeles Customer 113

socalTECH

JANUARY 15, 2021

Los Angeles-based web hosting and WordPress services provider DreamHost and small business lending service Lendio said on Thursday that the two are partnered to provide Paycheck Protection Program (PPP) application guidance to Dreamhost customers. Financial details of the partnership were not announced.

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Web Los Angeles Customer Custom 113

socalTECH

AUGUST 20, 2021

Los Angeles-based conversational text messaging software developer Emotive--which is backed by CRV and others--said this week that it has named Matt Cooley as the company's President and COO. The company recently raised $50M in its Series B funding round.

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Software Development Los Angeles Software Funding 113

socalTECH

JUNE 24, 2020

Los Angeles-based Pipe Technologies , which is developing a subscription financing platform to help software companies finance their businesses without debt or dilution, has raised $60M in a funding round, the company said on Wednesday. Pipe was founded in September 2019 by Harry Hurst, Josh Mangel, and Zain Allarakhia.

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SaaS Seed Funding Venture Capital Equity 113

socalTECH

SEPTEMBER 9, 2021

Los Angeles-based mobile games developer JamCity is continuing its growth, saying on Wednesday that it has raise $350M in new funding, and acquired mobile game studio Ludia. Jam City said the new funding will help it continue its global expansion, and also help further its strategy to build out its portfolio of studios.

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Burbank Equity Mobile Los Angeles 113

TechCrunch LA

JANUARY 25, 2022

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.

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Invest Technology Startup Los Angeles 233

socalTECH

DECEMBER 9, 2020

Los Angeles-based Aglet , which is developing a mobile game centered around "Sneakerhead" culture--the buying and trading of popular sneaker models--has raised $4.5M in a seed funding round. According to the company, it has now raised $7M since it was founded in late 2019.

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FAQ Seed Funding Los Angeles Mobile 113

TechCrunch LA

MAY 14, 2020

” After graduating from Y Combinator in the summer of 2019, the company tested its services in the Southern California region. . “They act as a wholesaler doing all the sales, but they’re also acting as a logistics company as well,” said Lafferty. “ We provide a solution for them to flex up or down and save money.”

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Services Southern California Seed Funding Demand 217

TechCrunch LA

JANUARY 16, 2019

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio, Jam City and giving the company $145 million in new funding to carry that out. The data and analytics firm suggests that mobile gaming will capture some 60% of the overall gaming market in 2019 as well.

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Mobile Capital Los Angeles Acquisition 251

TechCrunch LA

NOVEMBER 5, 2021

The total funds include backing from a Republic campaign, pre-seed investors and capital from the co-founders. In 2019, the company came out with its first product, Kelp Jerky, which comes in four flavors, and was a product Boyd Myers thought would be a good trial run to help people see ocean-farmed kelp in a new way.

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Startup Los Angeles Sample Funding 191

TechCrunch LA

MAY 25, 2019

Liquid Death has attracted nearly $2 million in funding from angel investors like Away co-founder Jen Rubio and Twitter co-founder Biz Stone. Haus, like any good consumer startup in 2019, is shipped directly to your door. — Kate Clark (@KateClarkTweets) May 21, 2019. pic.twitter.com/DMEg88t4iO. On to other news.

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Startup Venture Capital Newsletter Tips 223

socalTECH

AUGUST 27, 2020

Los Angeles-based Signal Sciences , a developer of web application security software, has been acquired for $775M by San Francisco-based Fastly , Fastly annoucned this morning. According to Fastly, the cash and stock deal will expand its security portfolio, and form the basis of a new, upcoming security offering called Secure@Edge.

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Web Los Angeles Software Capital 100

TechCrunch LA

MARCH 23, 2019

The goal is to shorten trips made excruciatingly long due to bad traffic in major cities like New York, Los Angeles and San Francisco. — Tyler Babin (@Tyler_Babin) March 11, 2019. Uber too has lofty plans to develop a consumer aerial ridesharing business , as do several other privately-funded startups.

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Van Nuys Help Startup Google 279

TechCrunch LA

APRIL 21, 2020

Cruise, the subsidiary of GM that also has backing from SoftBank Vision Fund, automaker Honda and T. Bleich was a partner during two stints for a collective 19 years at Los Angeles-based law firm Munger, Tolles & Olson. Bleich left Dentons in March 2019 and was named board chair of PG&E a month later.

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Startup Los Angeles Pricing Funding 150

TechCrunch LA

SEPTEMBER 25, 2020

While Los Angeles city officials way back in 2003 asked its manufacturers and suppliers to stop using the terminology, they did not require it. Bezos Academy, funded by Jeff Bezos’ $2B ‘Day One Fund,’ launches first free school in Seattle area – GeekWire. Image Credits: Screenshot of DoorDash app via TechCrunch.

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Capital Los Angeles News San Diego 316

TechCrunch LA

SEPTEMBER 21, 2021

Just Insure , a pay-per-mile insurance technology company, has raised $8 million in a funding round. . million since its January 2019 inception. As Metromile looks to go public, insurtech funding is on the rise. So as customers drive, their balance declines.

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Startup Customer Custom Los Angeles 203

socalTECH

MARCH 16, 2018

According to the three, they have funded the Alliance for Good with $12.7M in their own funds, and is also hoping to add other individuals who are willing to put in a minimum of $1M each to assist in the effort. READ MORE>>.

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Marketing Organization Los Angeles Networking 138

TechCrunch LA

NOVEMBER 2, 2021

first spotted the vote news ; Bird is based in the Los Angeles metropolitan agglomeration. For example, Bird had gross margins that were negative in 2018, 2019 and 2020. Shares of the SPAC were off as far as 20% before recovering. News broke in May that Bird was looking at a SPAC-led debut on the public markets.

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News Los Angeles Examples Pricing 148

TechCrunch LA

JULY 21, 2020

Now the two women are co-founders of Angel City, leading a gaggle of venture capital, sports, and celebrity investors, alongside Angel City co-founder and President Julie Uhrman, in bringing a National Women’s Soccer League team to Los Angeles by the Spring of 2022. “We’re venture capitalists.

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Writing Los Angeles Equity Startup 171

socalTECH

JANUARY 3, 2019

Los Angeles-based uBeam , the controversial wireless charging startup backed by Upfront Ventures, says its is about to unveil its "ultrasonic wireless power system" at the CES 2019 show in Las Vegas next week, the first demonstration of the company's technology.

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Los Angeles Capital Technology Product 140

TechCrunch LA

FEBRUARY 11, 2021

That company raised $50 million in new round of funding earlier this year. Back in 2019 the company acquired the Los Angeles-based company Greenlots , an EV charging developer. “The writing is on the wall and the investors have to take the time.

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Company Companies Acquisition Equity 363

TechCrunch LA

JULY 29, 2020

After raising $15 million in financing from one of technology’s most successful global investment firms, the Los Angeles-based consumer goods rental company Joymode is selling itself to an early-stage retail investment firm out of New York, XRC Labs. “From day one, my belief was Joymode was going to be huge or dead.

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Invest Services Southern California Ideas 263

socalTECH

FEBRUARY 20, 2019

Culver City-based Clutter , which offers up "on-demand" self storage of your extra stuff, has raised $200M in a Series D funding, the company announced on Wednesday morning. According to Clutter, the Series D funding was led by SoftBank Vision Fund with participation from Sequoia, Atomico, GV, Fifth Wall and Four Rivers.

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Demand Culver City Orange County San Diego 113

socalTECH

JANUARY 7, 2019

During the holiday season, our tradition over the last few years has been to post reflections on the past year and some predictions for 2019 from Southern California's technology industry. My biggest takeaway this year was truly understanding the strength and cohesion of the Los Angeles startup community.

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Technical Review Software Review Startup Coach 157

TechCrunch LA

APRIL 15, 2021

Saltbox opened its first facility — a 27,000-square-foot location — in its home base of Atlanta in late 2019, filling it within two months. The company plans to end 2021 with eight locations, in particular eyeing the Denver, Seattle and Los Angeles markets.

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Commerce Help Startup Los Angeles 237