LA Techstar Class Includes Local Startups
L.A. Business Journal
JULY 20, 2021
Several local startups are among the 2021 class for Techstars' Los Angeles Accelerator.
Beyond Meat unveils two new versions of its Beyond Burgers
TechCrunch LA
NOVEMBER 16, 2020
The two new options will be available on store shelves in 2021, but will be on offer at a two-day pop up event in Los Angeles for folks to try. Beyond Meat has launched two new versions of its Beyond Burgers, the company announced today.
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Fifth Wall Rakes In $1.1B In Funds In 2021
socalTECH
JANUARY 5, 2022
Los Angeles-based real estate technology investor Fifth Wall said Tuesday afternoon that it raised a total of $1.1 billion across its funds in 2021. The company said it made investments in more than 25 new companies in 2021, with exits at Procore, Blend, Doma, Hippo, and SmartRent.
MuckerLab Opens 2021 Accelerator Program Applications
socalTECH
JUNE 21, 2021
Los Angeles-based startup accelerator and investor MuckerLab has opened up programs for its 2021 program, according to the accelerator. According to MuckerLab, applications for its Summer program are due by Tuesday, July 6th at 11:59pm.
LA BEST - LA Bioscience Ecosystem Summit 2021
SoCal Tech Calendar
MAY 21, 2021
Thursday, May 27, 2021 -- LA BEST - LA Bioscience Ecosystem Summit 2021. The Los Angeles Bioscience Ecosystem Summit 2021 (LABEST) is the premier showcase for bioscience innovation in Los Angeles County. The conference is entirely virtual this year.
LA BEST - LA Bioscience Ecosystem Summit 2021
SoCal Tech Calendar
MAY 20, 2021
Wednesday, May 26, 2021 -- LA BEST - LA Bioscience Ecosystem Summit 2021. The Los Angeles Bioscience Ecosystem Summit 2021 (LABEST) is the premier showcase for bioscience innovation in Los Angeles County. The conference is entirely virtual this year.
LA BEST - LA Bioscience Ecosystem Summit 2021
SoCal Tech Calendar
MAY 19, 2021
Tuesday, May 25, 2021 -- LA BEST - LA Bioscience Ecosystem Summit 2021. The Los Angeles Bioscience Ecosystem Summit 2021 (LABEST) is the premier showcase for bioscience innovation in Los Angeles County. The conference is entirely virtual this year.
Upfront Ventures Raises > $650 Million for Startups and Returns > $600 Million to LPs
Both Sides of the Table
JULY 26, 2022
2021 saw phenomenal returns for our industry and it topped off more than a decade of unprecedented VC growth. Since 2021, Upfront returned more than $600 million to LPs and returned more than $1 billion since 2018. And the number one destination outside of LA is San Francisco. The more things change, the more they stay the same.
What Does the Post Crash VC Market Look Like?
Both Sides of the Table
SEPTEMBER 15, 2022
Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? But it will be patiently deployed, waiting for a cohort of founders who aren’t artificially clinging to 2021 valuation metrics. By 2021 we had to write a $3.5m
Canoo Aims At Subscription EVs, Hopes To Launch In 2021
socalTECH
SEPTEMBER 25, 2019
A new, Los Angeles-based startup, Canoo , says it is hoping to launch a brand new, electric vehicle (EV) subscription service, which uses vehicles designed and built by the company. According to Canoo, it hopes to launch its subscription-only EV service starting in 2021, in Los Angeles.
Tesla Model Y orders are now open
TechCrunch LA
MARCH 14, 2019
.” Under that timeline, deliveries wouldn’t begin until late 2020 or possibly early 2021. There are other clues on the order page, including that the seven-seat interior won’t be available until 2021. Tesla CEO Elon Musk unveiled the Model Y on Thursday night at the Tesla Design Studio in Los Angeles.
Netflix employees stage a trans solidarity walkout, pose list of demands
TechCrunch LA
OCTOBER 21, 2021
At the same time, Los Angeles-based trans activist Ashlee Marie Preston hosted a rally in solidarity with Netflix workers participating in the walkout. — Most (@Most) October 20, 2021. — Dana Herlihey (@danaherlihey) October 20, 2021. brb walking out. NetflixWalkout.
Who's Who in Tech 2021
L.A. Business Journal
FEBRUARY 1, 2021
The tech sector in Los Angeles has grown tremendously over the past decade. These companies reflect where L.A.'s s tech scene is headed.
Hyundai taps EV startup Canoo to develop electric vehicles
TechCrunch LA
FEBRUARY 11, 2020
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. The company rebranded as Canoo in spring 2019 and debuted its first vehicle last September.
Fundraising Essentials: Pitching Angel Groups
SoCal Tech Calendar
MARCH 3, 2021
Tuesday, March 9, 2021 --.
Los Angeles-based Ficto launches its Quibi competitor — with Niantic as a content partner
TechCrunch LA
MARCH 27, 2020
Key to Ficto’s pitch to content creators is the company’s a smart contract system that automatically pays royalties to the show’s producers and talent based on how often their content is viewed.
Plug and Play Downtown Los Angeles Launch
SoCal Tech Calendar
JUNE 28, 2021
Tuesday, June 29, 2021 -- Plug and Play Downtown Los Angeles Launch. Plug and Play will be opening their Los Angeles location at the TENTEN Wilshire building which innovated on the live, work, play all-in-one-place lifestyle.
Polestar to open first US stores in the second half of 2020
TechCrunch LA
MAY 19, 2020
retail stores will open in Los Angeles, New York City and two locations in San Francisco later this year — the latest milestone for the automaker as it gets closer to bringing its all-electric vehicle to market. The 2021 Polestar 2 is the first EV to come out of Polestar since it was recast as an electric performance brand in 2017.
Silvus Gets $1M DARPA Award For RF Spectrum Scanning
socalTECH
JANUARY 27, 2021
Los angeles-based Silvus Technologies, a startup developing radio frequency (RF) spectrum scanning technology, has scored $1M from a Phase Three DARPA contract, the company said today. Silvus says it expected to demonstrate the operation of its technology in a field test in March of 2021.
Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US
TechCrunch LA
JUNE 10, 2021
billion in volume for the entire fiscal year of 2021 and Afterpay is projecting $16 billion in volume for its entire fiscal year. . March 2021 also represented a record month for global shopping volume with $6.9 in markets such as New York and Los Angeles. billion of purchases made through the Klarna platform.
Tetra Tech Reports Record Fiscal Year Earnings, Wins Part of $110M Contract
L.A. Business Journal
NOVEMBER 22, 2021
the largest engineering and infrastructure services firm in Los Angeles County now that AECOM has departed for Dallas — reported record fiscal 2021 earnings on Nov. Pasadena-based Tetra Tech Inc. —
EcoFlow Hits $200M In Sales
socalTECH
JANUARY 3, 2022
Los Angeles-based EcoFlow, the developer of portable power stations, says it reached $200M in annual revenues in 2021, up 275% from the year before. The company is backed by Sequoia's China Fund, Hillhouse, and CICC, and received $100M in a Series B investment back in June of 2021.
Postmates is launching a new retail delivery feature as brick and mortar stores face 14% drop in sales
TechCrunch LA
OCTOBER 27, 2020
Starting in Los Angeles — and building on yesterday’s test run pop-up shop with the Los Angeles Rams — Postmates users will be able to shop local merchants listed in the company’s new retail tab in the Postmates app called, appropriately, “shop” LA Rams, Fanatics and Postmates coordinate on an on-demand pop-up.
LA’s Replicated looks to increase R&D and hiring for its operations management software after raising $25 million
TechCrunch LA
OCTOBER 27, 2020
The Los Angeles-based operations and security management software service, Replicated has raised $25 million to ramp up its staffing and scale its sales and marketing efforts. The company, which currently has 28 employees expects to grow to 75 staff members by the end of 2021, Miller said.
Canoo takes the covers off of its debut electric vehicle
TechCrunch LA
SEPTEMBER 24, 2019
The Los Angeles-based startup Canoo has finally unveiled its first model, the eponymously named canoo. The first cars are slated to appear on the road by 2021, according to the company’s current leader, Ulrich Kranz. That means four on the West Coast and four on the East Coast, according to Kranz.
Shareholders approve Bird-SPAC merger, stock promptly falls
TechCrunch LA
NOVEMBER 2, 2021
first spotted the vote news ; Bird is based in the Los Angeles metropolitan agglomeration. This year, the company expects — looking at predictions that included results through Q2 2021 — to post positive gross margins. million in Q2 2021, its best result ever, and one of only four quarters in which the result was positive.
Bird Claims Economic, Gasoline Savings
socalTECH
DECEMBER 16, 2021
Los Angeles-based, shared scooter and bicycle rental service Bird has put out some numbers this morning, saying that use of its service has contributed an estimated $100M in incremental spending at local businesses in 2021, and saved an estimated 1.1 million gallons of gasoline.
Aero raises $65M for its semi-private airline
TechCrunch LA
AUGUST 18, 2022
The company, which previously raised a $20 series A round in 2021, now has a valuation of $300 million. that currently means flights from Los Angeles and San Francisco to destinations like Aspen, Los Cabos and Sun Valley, while the company’s European base is London, with flights to Obiza, Mykonos and Nice. In the U.S.,
Manufacturing startup Divergent 3D reduces staff by one-third
TechCrunch LA
APRIL 24, 2020
Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations alike. Czinger is hopeful that by 2021 the company will be able to announce that its 3D-printed structures will be production vehicles.
Food Rocket blasts off after securing funding, grocery delivery deal with Circle K parent
TechCrunch LA
APRIL 26, 2022
Alexandrov also said the funding will be invested into expanding its service in both Chicago — to open around 15 stores there — and San Francisco, and into other cities, including Boston, Philadelphia and Los Angeles. He also wants to take a step further eventually and deliver other items like phones.
Boring Co. Selected For Las Vegas Tunnel
socalTECH
MAY 23, 2019
Los Angeles-based Boring Co. , The Las Vegas Convention and Visitors Authority (LVCVA) announced the selection of The Boring Company on Wednesday, saying it hopes to have the tunnel built and transportation system running by the Consumer Electronics Show in January of 2021. s technology, which will span the Las Vegas Convention Center.
Trade Desk Chief Strategy Officer Steps Down
socalTECH
JULY 10, 2020
Los Angeles-based advertising technology developer The Trade Desk says that its Chief Strategy Officer, Brian Stempeck, will step down from the firm on September 1st. e originally founded and ran the company's New York office, before moving to Los Angeles in 2018. READ MORE>>.
HBCUvc founder Hadiyah Mujhid on one way investors can advance racial equity
TechCrunch LA
JUNE 10, 2020
It held a city-based internship program with Los Angeles, which connects students to venture capital firms in the area. The program is expanding to Chicago in 2021, the blog post notes. HBCUvc’s first batch was 11 students from three universities. The Black and women-led team has since grown to support 123 students.
Playhouse is TikTok meets Zillow for the next generation of homeowners
TechCrunch LA
APRIL 5, 2022
million in seed funding from groups like Agya Ventures, Gaingels, Goodwater Capital, Nomo Ventures, PKO Investments and Y Combinator — Playhouse was a member of Y Combinator’s summer 2021 cohort. Both Perelman and his co-founder Nathan Shinder previously worked at PeerStreet, a real estate tech company based in Los Angeles.
J2 Global Plans To Split Company
socalTECH
APRIL 20, 2021
Los Angeles-based J2 Global, which operates a large number of Internet related businesses--both Internet services and Internet publishing--says it plans to split itself into two separate, public companies. J2 Global said it hopes to complete the transaction in the third quarter of 2021.
Amazon Testing Rivian EV Delivery Vans In LA
socalTECH
FEBRUARY 3, 2021
Amazon said it has started testing electric delivery vans from Rivian on Wednesday morning, using the all electric vehicle in multiple locations in Los Angeles. According to Amazon, it hopes to have its custom electric delivery vehicles in up to 15 additional cities in 2021.
New markets emerge for carbon accounting businesses as cities like LA push proposals
TechCrunch LA
MARCH 19, 2021
Earlier this month, Los Angeles became the latest city to task its various departments with prepping a feasibility study for deploying new software and monitoring technologies to better account for its carbon footprint. Los Angeles has tried to address its carbon footprint in the past, but the efforts weren’t very successful.
A16z-backed Shein challenger Cider is growing rapidly
TechCrunch LA
AUGUST 2, 2022
That number is dwarfed by Shein, which gained over 170 million downloads worldwide in 2021 and surpassed Amazon as the top shopping app in the U.S. The company is vague about its physical base, saying only it “has offices in Los Angeles” and employs between 200-500 employees, according to its website.
Canada’s newest unicorn: Clio raises $110M at a $1.6B valuation for legal tech
TechCrunch LA
APRIL 27, 2021
In 2018, Clio made its first acquisition with its buy of Lexicata, a Los Angeles-based legal tech startup. With 5 new unicorns in first week of 2021, are we in for a stampede this year? “Lawyers and legal professionals who had hesitated to adopt technology in the past were suddenly forced to rapidly adapt to this new reality.
Honey Acquired By PayPal For $4 Billion
socalTECH
NOVEMBER 21, 2019
In one of the biggest acquisitions out of Southern California's technology startup industry in recent years, Los Angeles-based Honey Science Corporation , which develops a savings discovery and price tracking tool, has been acquired by PayPal , in a deal worth approximately $4 billion. READ MORE>>.
Riot Games Buys Hypixel Studios
socalTECH
APRIL 16, 2020
Los Angeles-based Riot Games , which publishes League of Legends, said on Thursday that it has acquired Hypixel Studios , the developer of Hytale , a block-based game which combines a Minecraft-like environment with roleplaying elements. Hypixel Studios was founded in 2018, and was angel backed, including investors from Riot Games.
Relativity Signs Satellite Rideshare Deal
socalTECH
MAY 7, 2019
Los Angeles-based Relativity , a developer of robotics technology and 3D manufacturing technology aimed at developing 3D printed rockets, says it has signed a launch services agreement with satellite ridesharing arranger Spaceflight. According to Relativity, it plans to have its first launch in Q3 of 2021.
Fire Reported At SpaceX Facility In Florida
socalTECH
JULY 8, 2019
SpaceX, which is based in the Los Angeles area, in Hawthorne, has said that it hopes to launch commercial missions on the Starship in 2021. A fire broke out this morning at a SpaceX facility in Florida, where SpaceX is working on its "Starship", reportedly causing around $650,000 in damage. READ MORE>>.
Reflections on 2020: Andy Wilson, Alliance for SoCal Innovation
socalTECH
JANUARY 5, 2021
What are you most looking forward to in the technology/startup world in 2021? I am hopeful that 2020 was an inflection point and 2021 will see more shared prosperity for the diverse voices in our community especially as we look to recover from this devastating pandemic.
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