socalTECH

APRIL 19, 2017

Venice, California-based startup accelerator Amplify.LA reports that seed funding in Q1 of 2017 dropped precipitously, falling 42.2 percent from Q4 of 2016, and 43.8 percent, Year-over-Year. raised, from $2.8M in the prior quarter. raised, from $2.8M in the prior quarter.

Seed Funding 124

Seed Funding Funding Venice Venture Capital 124

socalTECH

AUGUST 27, 2014

Venice-based Snapchat is in the midst of raising a new round of funding, led by storied venture capital investor Kleiner Perkins Caufield & Byers, which valued the company at close to $10 billion, according to a report. snapchat venture capital rumor valuation kpcb investment messaging social networking'

Snapchat 168

Snapchat Report Social Network Funding 168

socalTECH

DECEMBER 6, 2017

Los Angeles-based CrossCut Ventures , the venture firm run by Rick Smith, Brian Garrett, Brett Brewer, and Clinton Foy, is announcing this morning that it has raised a big new fund-- CrossCut 4 --worth $125M. According to CrossCut, the new fund was targeted at $100M, but was highly oversubscribed, even beyond the fund's hard cap at $125M.

Funding 133

Funding Venice Invest Los Angeles 133

socalTECH

FEBRUARY 12, 2014

The company said the new funding includes $1.25M in new capital, plus a $1M convertible note from last year. Tapiture said the new funds will go towards growth, towards international expansion, and to help build merchant partnerships. tapiture venture capital angel investment social sharing photos products style' READ MORE>>.

Seed Funding 147

Seed Funding Funding Venice Venture Capital 147

socalTECH

JULY 18, 2013

in venture capital investments in Q2 2013 across Southern California, spread across 80 deals. Those numbers reflected a drop from Q2 of last year, when there was $868.98M in investments across 97 deals. However, venture dollars invested were above Q1, when Southern California saw $569.1M in investments across 90 deals.

Southern California 187

Southern California Venture Capital Tech Coast Angels Capital 187

SoCal Tech Calendar

MAY 26, 2016

Venice, California-based Snapchat has raised $1.8 billion in its Series F funding round, according to a regulatory filing by the firm this morning, in what might be the largest funding round ever for a Southern California startup. Details on the round have not been announced. READ MORE>>.

Snapchat 113

Snapchat Funding Southern California Venice 113

socalTECH

MARCH 9, 2015

Venice, California-based Snapchat is in discussions with Saudi Arabian Prince Alwaleed bin Talal, over possible future funding for the company, according to the Prince''s investment firm, Kingdom Holding Company. Kingdom Holding Company did not reveal any other details of the possible investment. READ MORE>>.

Snapchat 100

Snapchat Funding Social Media Venice 100

socalTECH

JANUARY 2, 2015

Venice, California-based Snapchat has raised an enormous, $485.6M funding round, according to a regulatory filing from the company on New Year''s Eve. Details on the funding have not yet been announced by the company. According to the filing, the funding came from 23 investors, and the first sale in the round was in April.

Snapchat 100

Snapchat Funding Venice Venture Capital 100

Both Sides of the Table

JUNE 27, 2013

I am super excited to announce that today is a day of lots of new things for my partners & me: A new fund, a new office and a new brand. Let’s start with the fund. We have previously raised funds in 1996 ($200 million), 2000 ($400 million) and 2008/9 ($200 million). This month we closed our 4th fund of $200 million.

Funding 343

Funding Santa Monica Venture Capital Startup 343

socalTECH

FEBRUARY 18, 2015

Venice-based Snapchat is looking to raise at much as $500M in a new round of funding, currently valuing the company as high as $19 billion, according to a report from Bloomberg last night. snapchat venture capital investment instant social messaging rumor' READ MORE>>. READ MORE>>.

Snapchat 100

Snapchat Report Venice Funding 100

socalTECH

MAY 29, 2015

Venice-based Snapchat has raised $537.6M more--part of an ongoing $650M funding round--as the instant messaging app developer continues to break Southern California records in both total funding and valuation. Snapchat has now raised north of $1.15‎ billion. billion raised), and much more successful SpaceX ($1.2

Snapchat 100

Snapchat Southern California Funding Venice 100

socalTECH

JULY 26, 2019

venice-based Stackin' , a startup which helps consumers start saving and making investments, has raised $4.0M in a funding round, according to a regulatory filing from the company this week. Details on the funding have not yet been announced.

Startup 113

Startup Venice Invest Funding 113

socalTECH

JUNE 23, 2015

Venice, California-base CrossCut Ventures , one of the region's earliest believers in the potential of Silicon Beach startups, has raised a new, $75M fund, the firm announced this morning. Managing Directors of the new fund are Rick Smith, Brett Brewer, and Brian Garrett, along with new addition Clinton Foy. READ MORE>>.

Funding 100

Funding Seed Funding Venice Mobile 100

socalTECH

MARCH 9, 2018

Santa Monica-based Bird , which operates a network of "last mile" electric vehicles for connecting users with public transportation like buses and subways, has raised $100M in a Series B funding, the company said on Friday. As part of the funding, Bird said it has named angel and venture investment veteran Paige Craig as its new Head of U.S.

Santa Monica 113

Santa Monica UCLA Venice San Diego 113

socalTECH

AUGUST 14, 2013

NextSpace operates two locations in Southern California, including NextSpace @ Amplify along Venice Beach, and NextSpace Los Angeles. The investment came from a Chicago real estate and private equity investor, Lakewest, along with angels. nextspace venture capital coworking chicago coop merger acquisition' READ MORE>>.

Acquisition 159

Acquisition Southern California High Tech Venice 159

socalTECH

MAY 20, 2014

Venice, California-basd Epoxy --which was built by former executive from Team Downey--has launched a brand new set of tools aimed at helping online video creators use social media, and also disclosed a funding round. The company did not provide other details on the funding round. READ MORE>>.

Downey 207

Downey Tool Bertelsmann Help 207

socalTECH

JANUARY 13, 2020

Venice, California-based venture investor Fifth Wall Ventures , which invests in real estate technology, has raised nearly $3.5M in a Special Purpose Vehicle (SPV)--like as part of an investment in another company--according to a regulatory filing from the firm this morning. Fifth Wall Ventures SPV XIX, L.P.,

Venice 100

Venice Invest Technology Funding 100

socalTECH

AUGUST 4, 2015

Venice, California- and Helsinki, Finland-based mobile game developer Seriously , the developer behind the title Best Fiends , has raised $18M in a venture funding round, the company said this morning. Seriously said it has now raised $28M in funding. Seriously said it has now raised $28M in funding. READ MORE>>.

Mobile 100

Mobile Venice Capital Funding 100

socalTECH

JANUARY 7, 2016

Venice-based Gem , the blockchain security and technology developer led by Micah Winkelspecht, said Wednesday that it has raised $7.1M in its Series A funding. The funding was led by Pelion Venture Partners, and also included KEC Ventures, Blockchain Capital, Digital Currency Group, RRE Ventures and others.

Venice 100

Venice Funding Capital Invest 100

socalTECH

JULY 15, 2016

billion in venture capital in Q2 of 2016, according to the latest numbers from the MoneyTree Report from PricewaterhouseCoopers, the National Venture Capital Association, and Thomson Reuters. The boost in funding came despite a lower overall deal count, with 89 funding deals in Q2, versus 97 in Q1. READ MORE>>.

Southern California 100

Southern California Marina Del Rey Venture Capital Company 100

socalTECH

OCTOBER 17, 2018

Investments in two local, Mojave-based companies-- Virgin Galactic and Virgin Orbit --are on hold this week, after the mysterious disappearance--and suspected murder==of journalist Jamal Khashoggi last week. Khashoggi, a journalist based in the U.S. and working for the Washington Post. percent--back in August.

Venice 113

Venice Invest Los Angeles Funding 113

socalTECH

AUGUST 15, 2012

Venice-based Movieclips , the online movie clips site and content site founded by Zach James and Richard Raddon, said today that it has raised $18.9M in a Series C funding round, and has rebranded itself as ZEFR. The new funding round was led by U.S. John Hald of USVP joins the company's board with the funding.

Venice 178

Venice Content Venture Capital Sites 178

socalTECH

MARCH 4, 2016

Venice-based instant messaging app maker Snapchat has raised another $175M in funding , according to the WSJ this morning, from Fidelity Investments. According to the report, the new funding values Snapchat at $16 billion, the same valuation as the company's last funding injection. billion in funding.

Snapchat 100

Snapchat Report Venice Invest 100

socalTECH

FEBRUARY 16, 2018

Venice, California-based early stage, pre-seed investment fund and accelerator Amplify.LA has released its latest report on the state of the Los Angeles technology scene, saying that the city had a "landmark year".

Snapchat 100

Snapchat Venice Los Angeles Report 100

socalTECH

MARCH 8, 2016

Venice, California-based ZEFR , the content monetization technology developer, has raised $5M more in what appears to be a convertible debt funding. According to a regulatory filing by the company, the debt funding came from 10 investors. The company has yet to announce details on the funding. READ MORE>>.

Venice 100

Venice Content Funding Capital 100

socalTECH

AUGUST 8, 2018

Venice-based Snap Inc. , Saudi Arabian Price Al-Waleed Talal said on Tuesday that he has invested $250M in Snap, taking a 2.3 The investment injection comes as Snap announced its Q2 results, where the company reported a net loss of $353.3M percent stake in the company. READ MORE>>.

Venice 100

Venice Snapchat .Net Invest 100

socalTECH

FEBRUARY 2, 2017

Venice, California-based Snap Inc. , The new accelerator says it will invest $120,000 in funding in comapnies in the accelerator for up to 6 percent equity, with a 100 day program to be held at R/GA's New York offices.

Snapchat 100

Snapchat Startup Venice Advertising 100

socalTECH

MARCH 5, 2013

To that end, Venice-based Epoxy announced this morning that it has raised $2M in a funding round, to help build out its product suite to help grow, engage, and monetize online video channels. According to Epoxy, the new funding will go to expand its engineering team and build out its products.

Bertelsmann 191

Bertelsmann Downey GRP Partners Southern California 191

socalTECH

SEPTEMBER 2, 2015

The announcement of the new service came in conjunction with a strategic investment from BMW, from BMW i Ventures. In fact, at least two of ZIRX's initial customers for the on-demand parking--Live Nation and Insomiac--are in the LA area.

Beverly Hills 100

Beverly Hills Santa Monica Demand Venice 100

Xconomy

JULY 14, 2016

Showing little concern for stock-market volatility or worries over the Brexit, venture capital firms pumped $15.3 billion into 961 deals across the United States during the three months that ended June 30, according to the MoneyTree Report on venture capital activity. Still, the amount invested marked a 12 percent drop from the $17.4

Marina Del Rey 40

Marina Del Rey Invest Venture Capital San Diego 40

socalTECH

DECEMBER 27, 2018

Venture Capital is a Long Term Game. When I first joined Crosscut Ventures five years ago, the firm had $20 million under management and was just starting to invest out of its second fund. We now have $250 million under management, are investing out of our fourth fund and have made more than 80 investments.

Riot Games 133

Riot Games Southern California Startup Santa Monica 133

socalTECH

JANUARY 7, 2019

Our most recent Demo Day in November 2018 (at Google/Venice on the main stage) was the most well-attended Demo Day in the history of Startup Boost. And, many of the presenting companies received sizable funding commitments and offers of ongoing help.

Technical Review 157

Technical Review Software Review Startup Coach 157

socalTECH

NOVEMBER 1, 2012

in a Series A funding. As part of the funding, the company said that David Pakman of Venrock joins the company's board of directors. Dollar Shave Club is based in Venice. Dollar Shave Club , the subscription razor delivery service headed by Michael Dubin, has raised $9.8M READ MORE>>.

Dollar Shave Club 164

Dollar Shave Club Services Venice Funding 164

socalTECH

JUNE 25, 2015

Earlier this week, Los Angeles-based CrossCut Ventures (www.crosscutventures.com) announced its third, venture capital fund--a continuation of an investment theme very much centered around the growth of Southern California, and in particular, the Silicon Beach startup ecosystem. Tell us about your new fund?

Southern California 100

Southern California Venture Capital Startup Entrepreneur 100

Both Sides of the Table

OCTOBER 8, 2014

” I hear it when I visit LPs (the people who invest in VCs) all across the country, “Yeah, I haven’t been out there for a few years but I keep hearing that something is going on there.” Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly.

Entrepreneur 376

Entrepreneur Snapchat Startup Google 376

socalTECH

OCTOBER 28, 2016

Venice-based Amplify LA (www.amplify.la) is celebrating its fifth anniversary as a startup accelerator here in the Los Angeles area � one of the few in the area to have survived in more or less original form after the launch of a number of startup incubators and accelerators five years ago. We basically trebled in size.

Startup 100

Startup Entrepreneur Funding Incubator 100

Both Sides of the Table

NOVEMBER 19, 2015

The biggest difference I cite is that Venture Capital often feels like an “individual sport” while startups are a “team sport.” When you’re on Fund I or Fund II it is often a founding team that all started together, knew each other before and went through the trenches together to get a fund raised.

Rancho Palos Verdes 150

Rancho Palos Verdes Santa Monica Venture Capital Startup 150