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EcoFlow Hits $200M In Sales

socalTECH

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.

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Etsy Is Boosting Seller Transaction Fees By 30%

Tech.Co

for each sale. It'll help the company invest in marketing, Etsy CEO Josh Silverman says: “We have demonstrated our ability to make improvements that directly translate into more sales for our sellers, as evidenced by record sales per seller in 2021. Starting on April 11th, fees will rise from 5% to 6.5%

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Fisker Teases Design Of New Car, In Deal With Foxconn

socalTECH

Details on the new vehicle so far are light, but Fisker said that Foxconn is jointly investing in the vehicle, and will share the proceeds from sales. Fisker #Love #EVs #ESG #freaking #innovation pic.twitter.com/TGjCCx8Utz— Henrik Fisker (@henrikfisker) May 13, 2021. Manufacturing is reported to be targeted at Q4 of 2023.

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Nothing negative about Positive Food’s meal expansion plan after $7M investment

TechCrunch LA

The company also has a proprietary “Monte Carlo Simulation” to plug in point-of-sale data to manage its inventory levels at stores and reduce food waste. He said the company has been growing in double-digits month over month, had zero churn and produced five times as much food this year versus the same time period in 2021. “We

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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.

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Reflections on 2020: Greg Martin, Archer Venture Capital

socalTECH

At Archer, we had two very successful exits with the sale of Swoop, our healthcare data business and the sale of Credit Karma to Intuit. What are you most looking forward to in the technology/startup world in 2021? I'm very excited to see 2021 come and very happy to see 2020 go. I'm looking forward to the "NEW NORMAL".

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Boulevard books $70M to help beauty and wellness salons with their bookings

TechCrunch LA

This round is being led by Point72 Private Investments, with previous backers Toba Capital, Index Ventures, Bonfire Ventures, BoxGroup, and VMG Partners also participating. But at the same time, Los Angeles–based Boulevard got this funding infusion at a boosted valuation because it has been on a roll.

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