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Fifth Wall Rakes In $1.1B In Funds In 2021

socalTECH

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. Los Angeles-based real estate technology investor Fifth Wall said Tuesday afternoon that it raised a total of $1.1

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MuckerLab Opens 2021 Accelerator Program Applications

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Los Angeles-based startup accelerator and investor MuckerLab has opened up programs for its 2021 program, according to the accelerator. MuckerLab says it invests between $100,000 and $200,000 in companies in its accelerator program, with follow-on capital available over the lifespan of its investment.

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Techstars LA Draws International Companies For 2021 Class

socalTECH

Techstars LA, the startup accelerator headed up by Matt Kozlov, announced its 2021 class this week, drawing an international group of twelve new companies to its startup accelerator in Culver City.

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Venture Investments Hit Record Highs

socalTECH

The National Venture Capital Association says that venture capital activity in Q2 of 2021 has hit record highs, with the group saying, in particular, that seed and early-stage VC financings have hit record highs and new quarterly records. The NVCA said that $75.0 The NVCA said that $75.0

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Bird Plans To Invest $150M In Europe

socalTECH

Santa Monica-based on-demand electric scooter provider Bird says it is planning a major investment in Europe, saying it will invest $150M in the continent in 2021. Bird said the investment is part of an effort to support European cities as they reopen and recover.

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? Even then private market investors can paper over valuation changes by investing at the same price but with more structure so it’s hard to understand the “headline valuation.” It’s just math.

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Starship Technologies picks up €50M from the EU’s investment arm to expand its fleet of autonomous delivery robots

TechCrunch LA

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. It is not disclosing its valuation with this investment, but Alastair Westgarth said that this doesn’t rule out raising further funding from investors.

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