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Snap’s Yellow accelerator debuts its third batch of investments

TechCrunch LA

The group occupies some familiar spaces for past investments, with a focus on niche social communities, mobile media tools and augmented reality. Snap investment Hardworkers. The 10 startups in Yellow’s third batch include: Brightly : a media platform and community that promotes ethical and sustainable brands. ”

Invest 237
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Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

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.

Startup 310
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Canada’s newest unicorn: Clio raises $110M at a $1.6B valuation for legal tech

TechCrunch LA

Clio last raised in September of 2019 when it brought in $250 million in a Series D financing. The investment also brings its total capital raised since its 2008 inception to $386 million. Newton was tight-lipped about the company’s financials, saying only that since its 2019 raise, the company has seen “explosive” growth.

Platform 244
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Reflections On 2019: Andy Wilson, Alliance for SoCal Innovation

socalTECH

While 2018 was all about better understanding the SoCal opportunity, 2019 was about honing our focus and defining our core programs. While not usually as nimble as a small start-up, corporations can pivot to take advantage of opportunities to engage if they see a return on investment. Verizon, and Wells Fargo just to mention a few.

SoCal 140
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Reflections on 2019: Brett Brewer, Crosscut Ventures

socalTECH

This was a big year for Crosscut because were finally delivering on our promise of implementing a full-scale investing platform after 11+ years in business. Growing our practice from 3 original partners who would meet at coffee shops into a full institutional investing platform is a constant evolution.

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Invoca Releases Updated Product

socalTECH

The company says the release simplifies previously complex processes and makes data accessible across more platforms. Growth Partners, Accel, and Morgan Stanley Alternative Investment Partners, and last raised a round back in October of 2019. Invoca is backed by Upfront Ventures, H.I.G. READ MORE>>.

Product 124
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Upfront Ventures Raises > $650 Million for Startups and Returns > $600 Million to LPs

Both Sides of the Table

We believe this consistency in leadership and intuition for where the markets were going in the heady days of 2019–2021 helped us to stay sane in a world that momentarily seemed to have lost its mind and since we have new capital to deploy in the years ahead perhaps I can offer some insights into where we think value will be derived.

Startup 408