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Loop Media Unveils Streaming Media Service, Backed By $10M In Funding

socalTECH

The startup--which says it has been in "stealth" mode for over two years--says it is backed by $10M in seed funding. That funding came from angel investor Dianne Berry plus other private investors from California, Tennessee and Florida.

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Social Discovery App Ntro Launches, Backed by $1.7M in Angel Funding

socalTECH

Los Angeles-based startup nProgress , headed by former Pandemic Studios President Josh Resnick, is announcing this morning that it has launched ntro , a new smart phone app for iPhone and Android aimed at social discovery. nProgress is backed by $1.7M nProgress is backed by $1.7M READ MORE>>.

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Riot Games Commits $10M To Minority Owned Game Studio Investments

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Los Angeles-based Riot Games is looking to help patch up rocky race relationships in the United States, saying over the weekend that it will invest $10M in minority-owned game studios, in addition to providing $1M to the Innocence Project and the ACLU (American Civil Liberties Union), via is Social Impact Fund. READ MORE>>.

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Greycroft, WndrCo Back Glow For Podcast Subscriptions

socalTECH

Los Angeles-based venture investors Greycroft Partners and Jeffrey Katzenberg's WndrCo have put their backing behind a new startup that helps podcasters fund their shows via their listeners. According to Glow Technologies , it has raised $2.3M According to Glow Technologies , it has raised $2.3M

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FabFitFun surpasses $200 million in revenue as it hits million-subscriber milestone

TechCrunch LA

At least one million people will be receiving the next FabFitFun box as the Los Angeles company surpasses $200 million in revenue and continues its run as one of the startups to watch in the Los Angeles tech community. . “We think about it in the context of a lifestyle,” said Michael Broukhim.

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Video Game Maker Pulls In More Than $1.9M On Kickstarter

socalTECH

Think you need to find a venture capitalist or angel investor to help you fund your great new idea for a videogame? A Newport Beach-based videogame publishing firm, inXile , has just raised $1.9M (and counting) in funding on the crowdfunding site Kickstarter, for their new game, Torment: Tides of Numenera. Think again.

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ntro Dangles Food Truck For A Day For Download

socalTECH

nProgress announced an angel funding round worth $1.7M last week, from Jarl Mohn, Gordon Crawford, Kevin Wall, Activation Media Partners, Baroda Ventures, SV Angel, Jeff Pulver, and Richard Crowell. Founder Resnick co-founded Pandemic, which ultimately was sold to Electronic Arts for $860M. READ MORE>>.