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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. We’ve scaled up so massively in investments in our growth and technology, but running on a loss is very odd for us,” he told TechCrunch. “We

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Cedars-Sinai Backs Censinet In $7.8M For Risk Management

socalTECH

Los Angeles-based Cedars Sinai is one of the major backers of a new startup, Censinet , in the company's Series A funding. The funding also included seed investors Schooner Capital, LRVHealth and Excelerate Health Ventures. The funding also included seed investors Schooner Capital, LRVHealth and Excelerate Health Ventures.

CIO 133
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ZestFinance Gets $150M In Debt Financing

socalTECH

Los Angeles-baesd online lender ZestFinance said today that it has raised $150M in debt financing, from Fortress Investment Group. ZestFinance was founded by Douglas Merrill, former CIO of Google; the company is venture backed by Peter Thiel, Matrix Partners, Kensington Capital Holdings, and Eastward Capital Partners.

CIO 100
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Ryan Blair, HashtagOne: From Gang Member, To Entrepreneur, To Anti-VC

socalTECH

He eventually founded and sold consumer health firm ViSalus to a public company and is now back making investments, in technology companies, as a venture capitalist here at Los Angeles-based HashtagOne (www.hashtagone.com). What's the theme of your investments? That's why we have investments in Heal, Saucey, and FragMob.

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Bringing The Benefit Of Managed Cloud To Enterprises, With Metacloud

socalTECH

That allows companies to reuse their existing capital, get full control over where their data resides, and where their performance is very deterministic, day in and day you, because you''re not sharing it with any other tenant on the public cloud. CIOs are wondering if they should jump in, wait for production, or wait for things to mature.

CIO 207
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Some Thoughts on Branding Startups and Communities

Both Sides of the Table

Brad Feld visited Los Angeles this past week. ” Many people on the Westside of Los Angeles are using the term Silicon Beach these days to describe the amazing renaissance that is truly happening here. Let my try those for Los Angeles as an example: Second largest city in America with 13 million people.

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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

Last year I was on Sand Hill Road in Silicon Valley meeting with one of the most prominent venture capital firms in the country. Los Angeles. If you are talented, of course, you can get funded in any region with enough venture capital and obviously in markets outside of the Valley it is easier to get noticed and get access.