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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

Previous backers include Sequoia Capital, SilverLake, Dragoneer and Ant Group, among others. and plans to use its new capital in part to continue to grow there and globally. Other things the company plans to do with its new capital is focus on acquisitions, particularly acqui-hires, according to Siemiatkowski.

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ZestCash Gets $19M For Lending Startup

socalTECH

Hollywood-based ZestCash , a startup offering up short-term, consumer loans online, has scored $19M in funding today, including $11M in a Series A equity round plus $8M in venture debt. The equity came from Lightspeed Venture Partners and GRP Partners. READ MORE>>.

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Want to Start a Technology Company in LA?

Both Sides of the Table

Funding is different – In Silicon Valley you have mega venture capital funds and many of them. Side note: LA seems to have had some success in mega deals led by private equity firms as evidenced by DemandMedia and Chris DeWolf’s latest company backed by more than $20 million in private equity.

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