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TextPlus Competitor Lands $280M From Alibaba

socalTECH

A direct competitor to Marina Del Rey-based free texting and phone service provider TextPlus said today that it has raised a huge, $280M funding round for its services. Silicon Valley-based Tango raised the giant funding round from Chinese company Alibaba, which reportedly valued Tango at around $1 billion.

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Southern California Companies Raise $2.49 Billion In VC In Q2

socalTECH

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.

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‘Megadeals’ Dominate Q2 as VCs Invest $15.3B, and Top 10 Deals

Xconomy

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. venture capital market leader at PricewaterhouseCoopers.