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Many observers of the venture capital industry have questioned whether its best days are behind it. Looking ahead at the next decade I am excited by what I believe will be viewed as one of the best and most rational investment periods for venture capital due to seven discrete factors: 1. Mobility really changes everything.
It’s not hard to find people willing to write the narrative that “venture capital is not an asset class” or “venture capital has performed terribly.” Having worked through the data with Glenn I am even more optimistic about venture capital than I was even a year ago.
Santa Monica-based venture capital investor Siemer Ventures is one of the backers of a new, Japanese mobile video entertainment startup, Breaker. According to Breaker, it has raised $2M in a seed funding round, to help bolster its efforts to produce and distribute mobile video entertainment in Japan. READ MORE>>.
MiLA Capital , the venture capital firm that is behind the Make In LA hardware accelerator, says it has raised its first official venture capital fund, officially closing its first fundraise. Source of the funding for the new venture capital fund was not announced. Size of the fund was not announced. READ MORE>>.
Our interview this morning is with Kelly Perdew of Moonshots Capital , a Los Angeles based investment firm that makes seed stage investments in early stage companies�and in particular, for this Veterans Day, in companies founded by military veterans. I also invested in a couple of companies that he started as an advisor or board member.
Freeletics , headquartered in Munich, Germany, is today announcing its first round of private capital after bootstrapping since 2013. As you might expect from the name, Freeletics operates its mobile fitness coaching app on a freemium model, with tiered pricing beginning at $11.99 for one month or $74.99 for a year-long membership.
The company’s mobile application lets users take a photo of any bill and then its artificial intelligence-powered “bill-understanding technology” makes sure it gets paid (after a user has provided payment details, of course). has been an anomaly, with only 3% of bills being paid by a mobile device. In this respect, the U.S.
Santa Monica-based March Capital Partners , the venture capital investment firm founded by venture investment veterans Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, said this morning that it has had a final close on its first fund, at $240M.
Core Innovation Capital. Moonshots Capital. Managing Director: Kelly Perdew Investment interests: Direct to consumer and consumer focused Internet, Saas, video, mobile, mobility, transportation, and in particular founders with a military background. www.corevc.com. Fund size: $100M fund. Okapi Ventures.
Fundamentally venture capital is about human capital. The explosion of mobile phones has led to a boom in inbound click-to-call traffic that has proven to convert at a higher close rate and increase average-order-value over web-only sales & marketing. Venture Capital is a people business. Nothing fancier.
Los Angeles-based Mammoth Media , a startup that says it is developing mobile-first media, has raised $13M in a Series A funding round, the company disclosed on Tuesday. The company, co-founded by CEO Benoit Vatere, and incubated at venture studio Science Inc., said the funding was led by Greylock Partners and also included Science Inc.
Leonardo DiCaprio is making a significant commitment to the Los Angeles-based investment firm, Struck Capital , as part of the actor’s commitment to building LA into a tech development powerhouse. In addition to his commitment to the fund, DiCaprio will be making co-investments alongside the Struck Capital team.
Los Angeles-based AppOnboard , the developer of mobile app demo technology led by Jonathan Zweig, says that it now has such app developers as FoxNext Games, Game Insight, Superheart Studios, Jam City, Huuuge Games, and Simple Habit using its tools. READ MORE>>.
Hopscotch, led by Laurence Sotsky , has built software which enables sports teams, venues, and others to rapidly create mobile apps for their fans. We caught up with Lauren to hear about Hopscotch, and why teams and schools are turning to the company to power their mobile apps. What is Hopscotch? What do your apps do?
Los Angeles-based mobile automotive repair startup RepairSmith, led by Joel Milne, has raised $42M in a new funding round, the company announced this morning. The Series B funding came from TI Capitl, Mercedes-Benz, Porsche Ventures, and Spring Mountain Capital. Steffens of Spring Mountain Capital have both joined its board.
San Diego-based Bitmo , a startup developing a mobile gifting and payment app, has raised $3M in a seed funding round, the company said on Thursday afternoon. According to the company, its mobile gifting software allows users to gift from a mobile wallet, split and exchange card values from store gifts cards, and more.
Santa Monica-based Tapcart, a startup focused on helping Shopify-powered e-commerce brands with mobile apps, has raised $50M in a Series B funding round, the company announed Monday afternoon. According to Tapcart, the funding was led by Left Lane Capital, and also included Shopify, SignalFire, Greycroft, Act One Ventures, and Amplify LA.
Los Angeles-based Papaya, a fintech startup developing a mobile bill payment application, says it has raised $50M in a Series B funding. The funding was led by Bessemer Venture Partners, and also included Sequoia Capital, Acrew Capital, 01 Advisors, Mucker Capital, Fika Ventures, F-Prime, and Sound Ventures.
” Kindbody operates a fleet of vans — mobile clinics, rather — where women receive a free blood test for the anti-Müllerian hormone (AMH), which helps assess their ovarian egg reserve but cannot conclusively determine a woman’s fertility. Bartasi said Kindbody makes all the options clear to its patients.
In a move to shore up institutional support in what’s likely to be it’s last fundraising as a private company, the Los Angeles-based mobile gaming behemoth Scopely has raised $340 million in its latest eye-popping round of funding. ” In terms of capitalization, no other mobile gaming studio comes close.
Finally, Resonance, the fast fashion startup launched by the founder of FirstMark Capital, Lawrence Lenihan, is using its factory in the Dominican Republic to make face masks for consumers on the island and beyond. The Stamford site is run by Murphy Medical Associates. Photo by John Moore/Getty Images).
Monrovia, California-based Green Dot , the prepaid card and mobile banking giant, is powering the new banking offerings for mobile investing and financial app startup Stash. Stash offers up a mobile app which lets users buy stocks starting as little as $5, with an aim of helping users become more familiar with investing.
I have the utmost respect for the tech produced by our northern colleagues and acknowledge it is the tech capital of the world and that won’t change. In fact, many people know I grew up in NorCal and still have a 650 area code on my mobile phone. LA has a serious technology scene. And I’m proud of that, too. FullScreen.
With the new fund, Bonfire Ventures said it has already invested in a total of nine companies, including Shippabo, Branch, Trinity Mobile Networks, Saferide Health, Postie, Fuel50 and Tray. READ MORE>>.
Santa Monica-based venture investor March Capital Partners (www.marchcp.com) announced last week that it has raised a second fund, worth $300M. To learn about the new fund, we sat down with Jamie Montgomery , one of the fund's co-founders, to hear about March Capital's strategy and the new fund. We started March Capital in late 2013.
Los Angeles-based venture investor March Capital Partners is the lead investor in a new, Series A $4M funding round for a new, video game developer called Knock Knock Games , according to the company on Thursday. As part of the funding, March Capital's Gregory Milken joins Knock Knock's board of directors. READ MORE>>.
And Stackin has raised $4 million in new cash from Experian Ventures, Dig Ventures and Cherry Tree Investments, along with supplemental commitments from new and previous investors including Social Leverage, Wavemaker Partners, and Mucker Capital.
Josh Brooks , OnTheRunTech.com dba Post Cards On The Run (Los Angeles, mobile apps). Sean Callahan , SlimSurveys (San Diego, mobile apps). Greg Cohn , Burner (Los Angeles, mobile app). Sam Friedman , ParkMe (Santa Monica, mobile apps). Melani Gordon , Taphunter (San Diego, mobile apps).
Los Angeles-based mPulse Mobile, which develops conversational AI software for the healthcare industry, says it has acquired HealthCrowd, a provider of healthcare communications services for the Medicaid market. mPulse Mobile is led by CEO Chris Nicholson. Financial terms of the deal were not announced.
Los Angeles-based private equity investor Diversis Capital Management said this week that it has backed field sales software developer SalesRabbit. SalesRabbit offers up both native mobile and web-based software aimed at field sales organizations.
The seed funding was worth $800K, and led by Moonshots Capital, and also included individual angels from the pet industry. eTailPet lets pet stores create their own websites, post their catalog, accept orders for in store pickup or delivery, and more, offering up a number of templates, mobile optimization, and outsource customer support.
in a funding, and launched a new, mobile fitness app which combines live instruction with real time sensing of motion and metrics. The fitness app developer says its software allows trainers to see users remotely through the front-facing camera of a mobile device, so that trainers can provide feedback on workouts and their form.
Los Angeles-based Perch Mobility, a startup that is developing portable charging "pods" aimed at helping professional chargers and scooter operators to bulk-charge scooters and e-bikes, says it has scored seed funding for its efforts. The company said the funding came from Lorentzen Investments. Size of the funding was not announced.
You provide the free app in the App Store that gives subscribers mobile access to your service. Complements are products that must be bought together in order to be useful, like apps with mobile phones, and fitness products to go with your fitness app. Position yourself to capitalize on the next frontier.
According to Eat Club, it has expanded its coverage to the Los Angeles area, offering up both in-house meals and restaurant delivery to corporate customers, who let their employees select meals using the company''s website or mobile app. eatclub venture capital startup angeles expansion mobile' READ MORE>>.
Los Angeles-based TeleSign , which uses phone calls and related information for mobile identity management, authentication, and other cloud services, has been acquired by Brussels-based BICS , in a deal worth $230M in cash plus unspecified earnout. BICS said that TeleSign has annual revenues of around $100M. READ MORE>>.
For example, Lookout is a mobile security company that was founded by three talented graduates of USC. They started their company in LA but a couple of years after raising capital from Khosla Ventures in the Bay Area they ended up relocating there. Local capital matters. But talent with no capital is another word for migration.
Santa Monica-based venture investment firm Griffin Gaming Partners is the lead investor in Turkish mobile gaming developer Spyke, Spyke said on monday. The company's CEO, Rina Onur Sirinoglu, was the founder of a mobile gaming firm, Peak Games, which Zynga acquired for $1.8 Griffin is led by Peter Levin, Phil Sanderson and Nick Tuosto.
Welcome Tech , which has built a digital platform aimed at immigrants and their families, has raised $35 million in a Series B funding round co-led by TTV Capital, Owl Ventures and SoftBank Group Corp.’s s SB Opportunity Fund. Big banks rush to back Greenwood, Killer Mike’s Atlanta-based digital bank for underrepresented customers.
Of course you now book when you want and even choose your restaurant based on availability at the time / day you want and you can book on your mobile phone at 2am or 8pm. Today they announced the mobile version of their product – I’d be grateful if you would download it and give it a spin. It sounds crazy, right?
Culver City-based Embrace, a new startup focused on helping companies manage the mobile data they are collecting, has raised $45M in a funding round. According to the company, the Series B funding was led by New Enterprise Associates (NEA), and also included Greycroft, AV8, and Eniac.
La said he is looking at payment processing, data analytics, and mobile payments companies. jason thanh merchant services group venture capital angel investor payment processing finance financial' READ MORE>>.
In the mobile age, what is the key to connecting and engaging with users, and where does Hollywood''s creative content fit into the mix? According to LA mobile game maker Seriously (www.seriously.com), mobile games are the best way to engage with the mobile generation. We''ve got a situation in the U.S.,
Santa Monica-based BlockFraud , a developer of machine learning and artificial intelligence software used for detecting mobile fraud, has reportedly raised $5M in a Series A funding, the company disclosed on Wednesday. The funding was led by Palisades Venture Capital. BlockFraud is led by CEO Massimo Cristini. READ MORE>>.
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