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Encantos Raises $2M For Family Education, Entertainment Service

socalTECH

Culver City-based Encantos , a developer of family entertainment and education titles, has raised $2M in a seed funding round, the company announced this morning. The startup said it will use funding for its subscription services, which revolve around hands-on craft activities for pre-school and primarly school age children.

Education 113
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Two Bit Circus Launches Education Nonprofit

socalTECH

T4T.org salvages manufactured goods for use in educational projects, to help in the areas of STEAM (science, technology, engineering, art and math) learning. Two Bit Circus has been active in promoting STEAM learning, with many of its educational entertainment-themed activities centered on STEAM principles.

Education 124
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Greycroft Partners Raises $175M For Third Venture Fund

socalTECH

One of the more active venture capital firms in Los Angeles, Greycroft Partners , said today that it has closed a $175M, third fund, Greycroft III. The company said Greycroft III will follow the same strategy as its prior two funds, focusing on B2B and B2C Internet and mobile companies, with an emphasis on smaller, Series A rounds.

Funding 194
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Launchpad LA Receives VC Funding: $50,000 Per Startup

Both Sides of the Table

We have significant VC commitments (listed below) – every entering company will get $50,000 in funding, mentorship from top VCs and successful entrepreneurs plus free office space. Of these 19 have received funding (10 have received significant amounts of VC funding) and 5 have been acquired (2 for more than $30 million).

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HopSkipDrive Raises $7.4M More For Ride Service For Kids

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Los Angeles-based HopSkipDrive , the ridesharing service which helps deliver kids to and from school, after-school activities, and home, said this morning that it has raised $7.4M in a new funding round. The funding came from Student Transportation Inc. As part of the funding, Denis J. will join HopSkipDrive's board.

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Mark Suster: New, $200M Fund, and GRP's New Name, Upfront Ventures

socalTECH

Despite the increase in startup activity in Southern California, local venture capital funds are still few and far between, and a large chunk of the funding here is still from Sand Hill Road. The firm just announced that new fund, and a new name, Upfront Ventures (www.upfront.com). Tell us about the new fund?

Funding 196
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Why We’re Looking to Fund Stuff With More Meaning

Both Sides of the Table

If you’re funding the same stuff as everybody else and if you started your activities when the clues were obvious you’re much less likely to drive enormous returns. When Fred Wilson funded Twitter I guarantee you it wasn’t obvious that it was a billion dollar idea. Online education. Far from it.

Funding 362