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Amazon Alexa Fund Backs USC Viterbi Startup Garage

socalTECH

The USC Viterbi Startup Garage , the startup accelerator that is part of the University of Southern California, has scored backing from the Amazon Alexa Fund , the venture investment arm of Amazon that invests in startups using Amazon Alexa. Financial details of the investment by the Amazon Alexa Fund were not announced.

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The Riveter Takes $15M To Expand Beyond Los Angeles, Seattle

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Female co-working space operator The Riveter --which operates coworking space both in West Los Angeles and Marina Del Rey--said this week that it has raise $15M in a Series A funding round.

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USC's Startup Accelerator Targets 10 Companies, Starts In May

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The startup accelerator will actually based based at USC's Information Sciences Institute in Marina Del Rey. The startup accelerator will actually based based at USC's Information Sciences Institute in Marina Del Rey. READ MORE>>.

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Twenty20 Gets $20M For Crowdsourced Stock Photography

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Marina Del Rey-based Twenty20 is taking aim at the stock photography market, announcing this morning that it has raised $20M in a Series A funding and launched its commercial image catalog out of beta. twenty20 crowdsourced crowd stock photography photo mobile artist creative venture capital' READ MORE>>.

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Southern California Companies Raise $2.49 Billion In VC In Q2

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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. That said, overall dollars invested in startups was down 12 percent year-to-year, and 22 percent down in terms of deals. READ MORE>>.

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Gogii Raises $8.2M

socalTECH

Marina del Rey-based Gogii , a developer of text messaging applications, said Thursday that it has raised $8.2M Gogii is the latest startup of Scott Lahman, Austin Murray, and Zack Norman, all previously at JAMDAT Mobile. Tags: jamdat mobile capital venture messaging text gogii. in a Series B investment round.

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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.