L.A. Business Journal

Wavemaker, Launch Back Seed Round for Balloon

L.A. Business Journal

Wavemaker Partners and Launch co-led a $2.1 million seed funding round for software company Balloon

SpaceX Receives Funding from NASA to Aid Moon, Mars Missions

L.A. Business Journal

SpaceX is one of 14 companies awarded grants from NASA to boost the agency's mission to return to the Moon and to eventually land on Mars

SpaceX 251

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MedMen Restructuring Brings $37 Million in Savings

L.A. Business Journal

MedMen has received $37 million in gross cash proceeds for the sale of various businesses since Nov.

Sales 195

SRAX Raises $5.5 Million to Fuel European Expansion

L.A. Business Journal

Advertising technology software firm SRAX Inc. announced Tuesday it will bring its product offerings to Europe, an expansion made possible by the closing of an Aug. 12 equity worth $5.5 million

Equity 239

Snap Acquires AI Factory for $166 Million

L.A. Business Journal

Santa Monica-based Snap Inc. paid $166 million to acquire AI Factory Inc., a San Francisco-based startup founded by Snap's former director of engineering

Fair Obtains $500 Million Credit Facility

L.A. Business Journal

Car leasing startup Fair secured a $500 million loan from Mizuho Bank in the company's third line of credit since July

MomentFeed Chooses New Chief Executive

L.A. Business Journal

Santa Monica-based customer management software developer MomentFeed Inc. appointed Nick Hedges as its new chief executive July 9

ProducePay Raises $205 Million Debt Financing

L.A. Business Journal

Glendale-based ProducePay Inc. raised a $205 million debt financing round Dec.

Solar Startup Heliogen Looks to Power Plants, Refineries

L.A. Business Journal

For decades, solar technology experts have sought to generate electricity. But Pasadena-based Heliogen has a new technology that swaps fossil fuels for solar energy in industrial applications

Fintech Startup Altruist Raises $8.5 Million

L.A. Business Journal

Venice-based startup Altruist Corp. raised an $8.5 million Series A round

Venice 184

PlayVS Raises $50 Million

L.A. Business Journal

Esports league organizer PlayVS announced Sept. 19 it raised a $50 million Series C to hire more staff and further its reach into amateur esports competitions

Loot Crate Files Bankruptcy, Plans to Sell Assets

L.A. Business Journal

Loot Crate Inc., which sells subscription boxes of pop culture apparel and collectibles, filed for Chapter 11 bankruptcy protection Monday

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Visa Acquires Payment Protection Company Verifi

L.A. Business Journal

Mid-Wilshire-based Verifi, which develops software to secure electronic payments for businesses, was acquired by Visa Inc.

BAM Ventures Makes Its Mark

L.A. Business Journal

After several years of investing quietly, BAM Ventures is making some noise, generating headlines in November with its largest exit to date when Mid-Wilshire-based ecommerce software developer Honey Science Corp. was sold to Paypal Holdings Inc. for $4 billion

Wag Wraps Year with More Layoffs

L.A. Business Journal

Dog-walking application developer Wag Labs Inc. closed out a turbulent 2019 with another round of layoffs, according to a filing with the California Employment Development Department

MedMen Sells More Assets

L.A. Business Journal

Culver City-based cannabis retailer MedMen Enterprises Inc. is continuing its aggressive push to implement its restructuring plan in light of large losses

LA Companies Turn Heads at CES

L.A. Business Journal

From ambitious streaming services to fantastical flying cars, Los Angeles companies demonstrated innovative concepts in droves last week in Las Vegas at the 2020 Consumer Electronics Show

Activision Answers ‘Call’

L.A. Business Journal

After shutting down an existing esports league, Activision Blizzard Inc. is betting big on a new league that will begin its inaugural season Jan 24

Fair Obtains $500 Million Credit Facility

L.A. Business Journal

Car leasing startup Fair secured a $500 million loan from Mizuho Bank in the company's third line of credit since July

VC Draper Moves into LA

L.A. Business Journal

Timothy Draper has a history of funding some of the technology sector’s most prolific startups and now the venture capitalist is bringing his money to Los Angeles

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Clutter Acquires Storage Fox for $152 Million

L.A. Business Journal

On-demand storage startup Clutter Inc. paid $152 million to acquire New York-based self-storage outfit The Storage Fox

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Hospitality Startup AvantStay Raises $20 Million

L.A. Business Journal

3L Capital led the Series A financing round, which AvantStay will use to advance its rental technologies and acquire more properties for clients to rent

Tencent Buys Stake in Universal Music Group

L.A. Business Journal

China-based Tencent Holdings announced an agreement to purchase 10% of Santa Monica-based Universal Music Group's share capital

EA Taps Zampella to Lead DICE Los Angeles

L.A. Business Journal

Electronic Arts chose veteran gaming executive Vince Lampella to lead the Los Angeles office of its subsidiary game developer, DICE

Halla AI Platform for Ecommerce Raises $1.4M Seed Funding

L.A. Business Journal

Burbank-based Shag Enterprises Inc, an artificial intelligence company that’s created a predictive platform for online ordering, announced on May 15 it raised $1.4 million in seed funding led by New York-based E&A Venture Capital

Bent Pixels Adds Clients

L.A. Business Journal

The newly established esports division of media services and video publishing house Bent Pixels landed two new clients as 2019 drew to a close

Media 130

Tech: SpaceX enters launch mode while telecoms look to dial up 5G

L.A. Business Journal

Home of L.A.’s s most innovative technology companies made bold promises in 2019. Now investors and consumers will be watching closely to see if they can deliver in 2020

SpaceX 130

PE Firm LS Power Group Buys EVgo

L.A. Business Journal

Private equity firm LS Power Group, which invests in clean power and alternative energy sources across the country, has acquired a majority stake in EVgo Services

Equity 130

Stamps.com Profit Plunges After Ending Postal Service Partnership

L.A. Business Journal

In its first quarterly earnings report since terminating the agreement, Stamps.com posted a net income of $14 million, down 69% from $45.5 million this time last year

.Net 205

LA Companies Prep for CES

L.A. Business Journal

Although it takes place at the Las Vegas Convention Center, the 2020 Consumer Electronics Show is a key event for technology companies and startups based in Los Angeles

Social Networking Startup MeWe Raises $4.5 Million

L.A. Business Journal

Culver City-based social networking startup Sgrouples Inc., doing business as MeWe, announced it raised $4.5 million in a venture round, bringing its total funding to $15 million since launching in 2012

Fair Secures $100 Million Investment from Ally Financial

L.A. Business Journal

Online car leasing startup Fair announced Aug. 27 it raised a $100 million credit facility led by Ally Financial Services Inc. to help finance its existing business and buy cars for its users

Invest 193

LiveXLive and Allied Esports Team Up to Produce Gaming Events

L.A. Business Journal

Live event producer LiveXLive Media Inc., based in Beverly Hills, announced today it will partner with Irvine-based Allied Esports Entertainment Inc. to put on live esports events

HyreCar Increases Revenue, Losses in Third Quarter

L.A. Business Journal

Santa Monica-based car rental startup HyreCar Inc. reported third-quarter revenue of $3.7 million

HyreCar Announces Pricing of Second Stock Offering

L.A. Business Journal

Downtown-based digital car-sharing marketplace HyreCar Inc. announced July 19 it will sell an additional 3.5 million shares to raise capital to expand its staff and technology offerings