TechCrunch LA

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.

LA tech industry mourns Kobe Bryant

TechCrunch LA

The Los Angeles startup community is joining the rest of the world in mourning the death of NBA superstar, entrepreneur and investor Kobe Bryant who was killed in a helicopter crash in Calabasas, Calif., shortly before 10 a.m. on Sunday.

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Daily Crunch: Twitter will delete dormant accounts

TechCrunch LA

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. Twitter will free up handles by deleting inactive accounts.

Arianna Huffington’s Thrive Global is buying a startup that uses neuroscience to boost app usage

TechCrunch LA

When Arianna Huffington stepped down from her role at the Huffington Post to start Thrive Global, she said the goal of her new business was to help a generation “avoid the burnout that all too often comes with success today.”

China Roundup: Tencent’s new US gaming studio and WeChat’s new paywall

TechCrunch LA

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The spotlight this week is back on Tencent, which has made some interesting moves in gaming and content publishing.

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Upstart banking company Dave is now worth $1 billion, as Norwest puts in $50 million

TechCrunch LA

Two years after the Los Angeles-based fintech startup Dave launched with a suite of money management tools to save consumers from overdraft fees , the company is now worth $1 billion thanks to a nascent banking practice that had investors lining up.

With its third fund, Revolution Ventures stays true to its mission

TechCrunch LA

Most of the venture capital firms covered in TechCrunch and other tech publications compete for a spot on the cap table of the hottest Bay Area, New York or Los Angeles companies of the moment. Few seek out companies in Indianapolis, Milwaukee or Tampa.

Max Q: A SpaceX spin-out sounds great

TechCrunch LA

Max Q is a new weekly newsletter all about space. Sign up here to receive it weekly on Sundays in your inbox. Two rocket launches were set to take off Sunday , including one from Wallops Island in Virginia and another from Cape Canaveral in Florida.

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Canoo takes the covers off of its debut electric vehicle

TechCrunch LA

The Los Angeles-based startup Canoo has finally unveiled its first model, the eponymously named canoo.

The electric scooter wars of 2019

TechCrunch LA

Throughout 2019, a number of mobility companies launched in additional markets, while many pulled out of areas that no longer served them. Meanwhile, transportation startups continued to raise more money even as they laid off employees, a sign that industry consolidation has officially begun.

EV subscription startup Canoo, co-founder sued for alleged harassment

TechCrunch LA

Just weeks after Canoo took the wraps off of its electric vehicle , the Los Angeles-based startup and co-founder Stefan Krause has been accused of gender and marital discrimination, harassment, breach of contract, and wrongful termination in a lawsuit filed Tuesday.

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Los Angeles-based Luxury Presence raised $5.4 million for its real estate marketing services

TechCrunch LA

Real estate is a big business in the sprawling city of Los Angeles, and new technology tools to target the industry continue to attract investor attention. The latest of these is Luxury Presence , which pitches digital marketing services to real estate agents and has raked in $5.4

All Raise expands to new geos, launches ‘VC Cohorts’

TechCrunch LA

Dozens of impeccably dressed women outfitted in jumpsuits and Rothy’s gathered at the Greylock offices last week for a “structured networking” session hosted by All Raise , an 18-month-old nonprofit organization that seeks to amplify the voices of and support women in tech.

PodcastOne is launching LaunchpadDM, a free hosting platform for independent podcasters

TechCrunch LA

PodcastOne , the celebrity podcasting network from the founder of radio powerhouse WestwoodOne, is launching a free hosting platform for podcasters.

Los Angeles-based CREXi raises $29 million for its online real estate marketplace

TechCrunch LA

Los Angeles is one of the most desirable locations for commercial real estate in the United States, so it’s little wonder that there’s something of a boom in investments in technology companies servicing the market coming from the region. It’s one of the reasons that CREXi , the commercial real estate marketplace, was able to establish a strong presence for its digital marketplace and toolkit for buyers, sellers, and investors.

Earbuds lets audiences stream the playlists of athletes, entertainers and each other

TechCrunch LA

Earbuds , a new startup from Austin founded by former Detroit Lions lineman Jason Fox, wants to bring the power of social media to your eardrums.

Looking to new products, Bev adds strategic investors and redoubles focus on women entrepreneurs

TechCrunch LA

Looking for fellow travelers to join in on its mission to transform the beverage business, the Los Angeles-based startup Bev has taken on fresh capital from a slew of strategic investors. .

Fortnite World Cup has handed out $30 million in prizes, and cemented its spot in the culture

TechCrunch LA

The Fortnite phenomenon — the wildly popular battle royale game from Epic Games — has manifested itself in concerned articles , cultural shoutouts and now has sealed its place in the cultural firmament by wrapping up its first “World Cup” which saw the company give away $30 million in prizes. Congrats to all of our winners this weekend at the #FortniteWorldCup Finals. Solo Champion: @bugha Duos Champions: @nyhrox @aquaa ProAM: @Airwaks @RLGRIME Creative: #FishFam @cizzorz @hiimtylerh @suezhoo @zandOfficial pic.twitter.com/ilBs7RTeTv. — Fortnite (@FortniteGame) July 28, 2019. The big winner in today’s solo challenge was sixteen year-old Kyle “ Bugha ” Giersdorf, who won $3 million for beating out the competition in the solo tournament. And, as sports writer Darren Rovell noted on Twitter , Giersdorf’s prize pool is only $800,000 smaller than the pot for the winner of the U.S. Open, which is set to begin in a few weeks at the same stadium. Indeed, the esports prize pool is one of the biggest awards for a popular competitive event. Wimbledon winners will take home less than $3 million and Tiger Woods won $2 million for besting the field of competitors at the Masters. Fortnite’s big moment is also a big deal for competitive esports in the U.S. The biggest prize pool for an esports event in the U.S. was likely meant to plant a flag and show that competitive gaming is something that can capture the attention of a younger audience that has drifted away from watching more traditional pastimes and watching less sports, according to a McKinsey study. Courtesy of McKinseys. Giersdorf, who hails from Pennsylvania and plays professionally for the Los Angeles-based esports team, the Sentinels , became the inaugural Fortnite World Cup solo champion by putting in a dominant performance over the entire weekend of competition. For folks who’ve never played the game (or had it explained to them) Fortnite involves dropping 100 players onto an island where they have to find weapons, build bases and try and eliminate the competition until only one player’s left standing. It’s a cartoon version of the Hunger Games with no bloodshed, a lot of victory dances, and hours of social networking. The game has turned its publisher, Epic Games into a multi-billion dollar business. Certainly it’s one that can afford to front a $30 million prize purse for a few days of competition. Epic Games, the creator of Fortnite, banked a $3 billion profit in 2018. The tournament wasn’t just about solo-play. The company had different rounds for the duos competition featuring two-player teams. That competition, which ended on Saturday, also featured a $3 million prize pool and was won by the European duo of Emil “Nyhrox” Bergquist Pedersen and David “Aqua” W. Epic pulled out all of the stops it could for the multi-day event at Arthur Ashe stadium. In addition to pulling in some of the top names in livestreaming and competitive esports to participate in the event, the company also brought in the DJ Marshmello for a performance. The tournament pulled in nearly 9 million viewers for the final day of the competition on YouTube alone. Over 40 million people tried out for a slot in the World Cup finals. And while the prize pot takes a significant chunk out of the $100 million that Epic has committed to spend on competitions this year, the returns in terms of the social capital and cache’ that Epic has given to the esports world can’t be underestimated. It’s certainly going to change the life of its first World Cup champion. A fact that Giersdorf knows all too well himself. “Emotionally, right now, I don’t feel too much, except I know that this could pretty much change my life forever,” Giersdorf said in an interview with ESPN. “It’s just absolutely unreal.” TC Epic Games esports fortnite fortnite battle royale Los Angeles pennsylvania player social networking Software tiger woods United States video games video gaming wimbledon world cup

New THC and CBD infused beverage company, Cann, joins the race to replace booze

TechCrunch LA

Cann , a Los Angeles-based purveyor of CBD and THC-infused intoxicants, is rolling out its first major distribution through the venture-backed delivery service Eaze as it begins to hit the streets in California.

Mobile messaging financial advisory service, Stackin, adds banking features and raises cash

TechCrunch LA

When Stackin initially pitched itself as part of Techstars Los Angeles accelerator program two years ago, the company was a video platform for financial advice targeting a millennial audience too savvy for traditional advisory services.

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Heliogen’s new tech could unlock renewable energy for industrial manufacturing

TechCrunch LA

Last Monday a group of millionaires and billionaires took a trip to an industrial site in Lancaster, Calif. to witness the achievement of what could represent a giant leap forward in the effort to decarbonize some of the world’s most carbon intensive industries.

Los Angeles-based ‘deep tech’ investment firm Riot Ventures is raising a $75M fund

TechCrunch LA

Riot Ventures , the Los Angeles-based, early-stage and deep technology investment firm is going out to market to raise a $75 million second fund to finance the development of startups in LA and beyond, according to fundraising documents viewed by TechCrunch.

KPCB has already blown through much of the $600 million it raised last year

TechCrunch LA

Kleiner Perkins , one of the most storied franchises in venture capital, has already invested much of the $600 million it raised last year and is now going back out to the market to raise its 19th fund, according to multiple sources.

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Burst adds a super high-tech dental floss to its dental care offerings

TechCrunch LA

Burst , the subscription dental care service, with the pretty, pretty toothbrushes, has now added a sleek dental floss product to its monthly kits.

Relativity, a new star in the space race, raises $140 million for its 3-D printed rockets

TechCrunch LA

With $140 million in new financing, Relativity Space is now one step closer to fulfilling its founders’ vision of making the first rockets on Mars.

Launching from beta, ProGuides is making money ensuring that gamers never play alone

TechCrunch LA

When ProGuides pulled the covers off of its service earlier this year, the young Los Angeles-based startup intended to give gamers a way to train with professional and semi-pro esports players from around the world.

Ordermark, the online-delivery order management service for restaurants, raises $18 million

TechCrunch LA

Los Angeles-based Ordermark , the online delivery management service for restaurants founded by the scion of the famous, family-owned Canter’s Deli, said it has raised $18 million in a new round of funding. The round was led by Boulder-based Foundry Group.

Doctours offers packaged medical tourism for U.S. customers

TechCrunch LA

Doctours , a Los Angeles-based online platform for booking trips and treatments for medical and dental care around the world, is expanding its services to 35 countries.

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Venture capitalists ‘like and subscribe’ to influencers

TechCrunch LA

Danielle Bernstein is just 27 years old, but she’s been running her own business for 10 years. First it was street-style photography, then came the launch of her popular fashion blog WeWoreWhat.

Relativity is building a 3D-printing rocket manufacturing hub in Mississippi

TechCrunch LA

The future of rocket manufacturing has touched down in Mississippi. At NASA’s John C. Stennis Space Center , nestled in Hancock County, Miss.,

Via is launching an on-demand public transit network in the city of Cupertino

TechCrunch LA

Shuttle startup Via and the city of Cupertino are launching an on-demand public transportation network, the latest example of municipalities trying out alternatives to traditional buses.

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ProducePay nabs $190 million debt financing to lend to farmers

TechCrunch LA

Los Angeles-based ProducePay has inked a $190 million debt facility from Coventure and TCM Capital, to expand its lending business and marketplace for farmers.

Startups Weekly: VCs are drunk on beverage startups

TechCrunch LA

Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s most noteworthy venture deals, fundraises, M&A transactions and trends. Let’s take a quick moment to catch up.

Using full-body MRIs, Ezra can now detect 11 cancers in men and 13 in women

TechCrunch LA

When Ezra first launched about six months ago, the company was using magnetic resonance imaging machines to test for prostate cancer in men. But the company’s founder, Emi Gal, always had a larger goal.

For alternative meat manufacturer Beyond Meat, fast food chains giveth and taketh away

TechCrunch LA

Beyond Meat, the publicly traded producer of plant-based protein replacements for meat, is currently giving other companies in the alternative meat space an education in just how finicky appealing to consumer tastes can be.