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Walmart's Shoes.com Acquired By Manhattan Beach Investor

socalTECH

Online footwear and apparel retailer Shoes.com --which was owned by Walmart--has been acquired by Manhattan Beach-based investment firm CriticalPoint Capital, LLC , CriticalPoint announced this morning. Financial terms of the acquisition were not announced.

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Graduway Gets Investment From Manhattan Beach's K1

socalTECH

Graduway , a developer of software used for alumni engagement and career services management, has scored an investment from Manhattan Beach-based investor K1 Investment Management. Size and terms of the investment were not announced. K1 Investment Management says it invests in high growth, enterprise software companies.

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Fisker to Raise $625 Million to Fund Second EV Model

L.A. Business Journal

Manhattan Beach-based Fisker Inc. is lining up capital to start production on a second electric vehicle in late 2023 after unveiling a debt offering of $625 million.

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Traliant Gets Majority Funding From Private Equity Investor

socalTECH

Manhattan Beach-based Traliant, which provides online workplace compliance training solutions, said it has received a majority investment from private equity investor PSG. Financial terms of the investment were not announced. Traliant was founded in 2016, and says it has over 5,000 customers.

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Pod Network Picks Up $5M For Social Media App

socalTECH

Manhattan Beach-based Pod Network , which says it is developing a mobile, social media network which connects users based on their physical location, plus professional and personal interests, has raised $5M in a seed funding. The company said the round was led by PACA Ventures and Anthony Misitano, founder of Post Acute Medical.

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Sketchers Co-founder Backs Real Estate Startup Househappy

socalTECH

Jeff Greenberg, the co-founder of Manhattan Beach-based Sketchers , has made a big angel investment in a real estate startup called Househappy.org this morning. Greenberg is also a real estate developer with a luxury homebuildling company based in Manhattan Beach. Househappy is based in Portland, Oregon. READ MORE>>.

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Beyond Meat Expands Footprint In Los Angeles

socalTECH

According to Beyond Meat, the new center said the new center will house the "best and brightest" scientists, scientists, engineers, food technologists, chefs, and researchers together for what it calls its Manhattan Beach Project, to "perfectly build a piece of meat directly from plants." READ MORE>>.