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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

At our mid-year offsite our partnership at Upfront Ventures was discussing what the future of venture capital and the startup ecosystem looked like. We’ll just wait until companies that last raised in 2019 or 2020 come to market.” What is a VC To Do? I can’t speak for every VC, obviously. So it’s about 20%.

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Mapped Snags Second Seed Funding

socalTECH

a second seed funding. The funding came from MetaProp and Allegion Ventures, plus Singtel Innov8, Greycroft, and ANIMO Ventures. The company said the seed II fund brings its total raised to $9.5M, including a $3M funding round in February of 2020.

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Topia Takes $5M For Social Chat, Virtual Worlds

socalTECH

Los Angeles-based Topia, a startup which is developing video chat tools that work inside what it says are "fully customizable virtual worlds", has raised $5M in a seed funding round, the company said late Wednesday. The funding was led by Seven Seven Six, the venture capital fund run b Alex Ohanian, and also included Bonfire Ventures.

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Jurny Reports Record Growth, Despite Pandemic

socalTECH

Los Angeles-based hospitality technology startup Jurny--which is backed by Okapi Venture Capital and Mucker Capital--says it has seen record growth, despite the pandemic and the way it has impacted the hospitality industry. The startup raised $2.75M in seed funding last June.

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Slingshot Aerospace Names New CEO

socalTECH

Slingshot Aerospace is venture backed by ATX Venture Partners, Revolution's Rise of the Rest Seed Fund, Techstars Ventures, and Okapi Venture Capital, along with angels. The company has raised $17M in total funding, including an $8M round in October of 2020.

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Vurbl Connects With $1.3M

socalTECH

in a "pre-seed" funding round, the company announced on Wednesday. According to the startup, the round was led by AlphaEdison and also included Halogen Ventures, TEN13, Angellist, and individual angels. According to the company, it will use the funding to develop and launch its platform. READ MORE>>.

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Reflections On 2019: Peter Cowen, Sutton Capital Partners

socalTECH

Two companies stand out: 17Hats, a leader in the freelance CRM space made painful but critical choices and now are very well poised for meaningful 2020 growth. I predict SoCal will continue to grow, but in 2020 more companies nationwideand herewill not get the funding they need.

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