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Papaya Picks Up $50M For Mobile Payments

socalTECH

Los Angeles-based Papaya, a fintech startup developing a mobile bill payment application, says it has raised $50M in a Series B funding. The funding was led by Bessemer Venture Partners, and also included Sequoia Capital, Acrew Capital, 01 Advisors, Mucker Capital, Fika Ventures, F-Prime, and Sound Ventures.

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Pragma is a back-end toolkit for gaming companies, so game developers can focus on games

TechCrunch LA

These days, most of the games developed need to be social, multi-platform and extensible, but there are only a few developers with the expertise to bring those toolsets to the profusion of new games that crop up every year. In the game industry, a game can stay in beta for years as developers work out the kinks.

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ChowNow Names CTO

socalTECH

Los Angeles-based restaurant ordering systems developer Chownow says it has named a new Chief Technology Officer. The company is backed by Daher Capital, Double M Partners, Karlin Ventures, Steadfast Venture Capital, Upfront Ventures, and Velos Partners.

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Stemson Therapeutics Finds $7.5M For Hair Loss Cure

socalTECH

The funding came from Allergan Aethetics and Fortunis Capital. According to the company, the new funding will go to advance development of its therapeutic solution to cure hair loss. The funding from Fortunis Capital came out of its Impact Fund. as Vice President of R&D and Preclinical Development, and Cenk Sumen, Ph.D.

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Emotive Finds $50M In Series B

socalTECH

Los Angeles-based startup Emotive, which develops conversational text messaging software, said this morning that it has raised $50M in its Series B funding round. The funding was led by CRV, and also included Mucker Capital, TenOneTen Ventures, plus new investors, Stripes and Vulcan Capital.

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Trovata.io Names New Executives

socalTECH

San Diego-based Trovata.io , a developer of software used for automating cash management and for open banking, has named two new executives, the company said on Tuesday. The company said it has named Joseph Drambarean as Chief Technology Officer and Dave McCutcheon as Vice President Sales.

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Bridg Names New CTO

socalTECH

Los Angeles-based Bridg has named a new CTO, saying today that Rony Sawdayi has been appointed as Chief Technology Officer. Bridg develops software that uses point-of-sale (POS) data to drive personalized marketing campaigns. Bridg is backed by March Capital Partners, Morpheus Ventures, NextEquity Partners and Visa.