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Overall VC Fundraising Drops 33%, But AI Investment Surges

Tech.Co

AI investments were responsible for a full 64% of all deal value going into US startups across the first half of the year, a new PitchBook report finds. increase for the sector during that period, putting 2025 in line to be the second highest year ever for US startup deals. It’s part of a huge 75.6% This just in!

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Upfront Ventures Raises > $650 Million for Startups and Returns > $600 Million to LPs

Both Sides of the Table

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.

Startup 408
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LA Techstar Class Includes Local Startups

L.A. Business Journal

Several local startups are among the 2021 class for Techstars' Los Angeles Accelerator.

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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.

Startup 310
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ATTOM: Foreclosure Filings Surge In Q3 2021

socalTECH

have increased 68 percent from a year ago, and are up 34 percent from the previous quarter. The uptick in foreclosure starts come as a result of the retreat of foreclosure moratorium and mortgage forbearance programs. Irvine-based ATTOM, the unit of RealtyTrac which tracks foreclosure data, says that foreclosure filings for the U.S.

Startup 198
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CES 2021 Is Now Officially an All-Digital Experience

Tech.Co

All the optimism in the world couldn't make an in-person CES 2021 happen, as the world's largest trade show has officially been cancelled due to the coronavirus pandemic. From SXSW in mid-March to E3 in June, many believed these cancellations would help curb the spread of the virus, opening the door to more events in 2021.

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LA BEST - LA Bioscience Ecosystem Summit 2021

SoCal Tech Calendar

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. See [link] (more)