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Amazon Santa Monica Shindig Likely To Revolve Around New Kindle Fire, Touch

socalTECH

The big announcement party that e-commerce giant Amazon.com has set for Santa Monica airport's Barker Hanger looks to be all about the Amazon Kindle Fire, and Amazon Kindle Touch, as the firm bragged this morning that it had "sold out" of its Kindle Fire. Kindle Fire is Amazon's tablet PC, which is based on Android.

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Demand Media Buys E-Commerce Marketplace Society6 For $94M

socalTECH

Santa Monica-based Demand Media has acquired Society6 , an online e-commerce marketplace centered around artists, the company announced Monday afternoon, as part of an effort to expand its content and media platform. Society6 was also based in Los Angeles, and was co-founded by Justin Cooper and Justin Wills. READ MORE>>.

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Los Angeles Fast 500 Winners Announced

socalTECH

The Los Angeles winners of the Deloitte Fast 500 ranking of fastest growing companies was announced last night at an event at Santa Monica's Shutters on the Beach, with 26 companies recognized in the overall 2011 Technology Fast 500, and three "Technology Rising Stars" recognized in the Los Angeles area.

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Grow Credit Scores $106M In Equity, Debt For Consumer Credit

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Santa Monica-based fintech startup Grow Credit, which helps consumers build their credit score through payments for subscription services, said on Tuesday that it raised $106M in a combination of equity and debt. The funding included $6.3M in equity, and $100M in debt.

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L.A.’s NuOrder Closes on $15M Investment to Grow B2B Platform Between Businesses

L.A. Business Journal

Los Angeles-based NuOrder, a B2B wholesale e-commerce platform, closed on a $15 million Series C financing round, led by Radnor, Pa.-based based venture capital firm NewSpring and joined by existing investors Upfront Ventures of Santa Monica and Argentum of New York City.

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Happy Returns, FedEx Team Up On Return Locations

socalTECH

Santa Monica-based Happy Returns , which provides software and reverse logistics services to e-commerce companies, and FedEx are in a new agreement where people can return their items at most FedEx Office locations. The aggregation of returns from multiple retailers reduces the costs of returns for those retailers.

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Love Goodly Acquired By NOVICA

socalTECH

Los Angeles-based Love Goodly , the women's subscription box company that was founded by Justine Lassoff and Katie Bogue Miller, has been acquired by Santa Monica-based Novica , which operates an e-commerce marketplace focused on handmade decor, art, and jewelry. Financial terms of the acquisition were not announced.