socalTECH
DECEMBER 28, 2020
You will be able to get to all of these posts on our 2020 reflections here. In 2020, the pandemic radically changed the customer acquisition process for many consumer-facing industries. Are you a founder, CEO, or investor who would like to participate? Contact our editors for details.
socalTECH
JULY 2, 2020
Los Angeles-based, low-cost e-commerce products site Hollar is no more, and will be swallowed up by new owner Five Below , six months after the acquisition of Hollar by Five Below. Five Below--which runs a chain of "dollar store" style retail stores--acquired select assets of Hollar back in January of 2020.
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socalTECH
OCTOBER 28, 2020
PCH) announced on Wednesday that it has acquired both alcohol delivery and logistics platform Saucey , as well as cannabis delivery and retail software developer Emjay. Financial terms of the acquisition were not announced. Emjay was founded in 2019, with Vaughn and Leeb taking over operations of the company in January of 2020.
TechCrunch LA
JUNE 10, 2021
Overall, Klarna is live in 20 markets, has more than 90 million global active users and more than 2 million transactions a day conducted on its platform. In all of 2020, it processed $53 billion in volume. billion of purchases made through the Klarna platform. Meanwhile, in 2020, Klara hit over a billion in revenue.
socalTECH
FEBRUARY 11, 2021
Foothill Ranch-based LoanDepot, a developer of a technology platform to automate and originate mortgage loans, has raised $54M in an IPO on the NYSE. billion of loans originated for the twelve months ended September 30, 2020. billion of loans originated for the twelve months ended September 30, 2020. The company sold 3.9
TechCrunch LA
FEBRUARY 2, 2021
The Los Angeles-based commerce and content platform StackCommerce has been acquired by the Integrated Media Company, a holding company set up by the massive private equity fund, TPG, to acquire new media businesses. Through its platform publishers can make between 15% to 20% of gross compared with 5% on an affiliate marketing site.
socalTECH
FEBRUARY 5, 2021
Los angeles-based sell-side advertising platform operator Magnite announced this morning that it has agreed to acquire SpotX, a video advertising platform provider, in a deal worth $1.17 Magnite says the combined companies would have a full year, 2020 non-GAAP net revenue of $350 million. billion in cash and stock.
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