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Snapchat Adds $4.5M More To $50M Round

socalTECH

Venice, California-based Snapchat , the developer of the popular social media app, has added $4.5M snapchat venture capital filing social media mobile' in venture funding--and three new investors--as part of its Series C funding round, according to a regulatory filing by the company today. READ MORE>>.

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Epoxy Looks To Help Online Video Creators With Social Tools

socalTECH

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 startup is led by Juan Bruce, and was co-founded by fellow Team Downey executive Jason Ahmad. READ MORE>>.

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Snapchat Courts Saudi Arabian Prince In New Funding

socalTECH

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. saudi arabia snapchat venture capital investment funding prince alwaleed talal saudiarabia international finance social media'

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Clapit Raises AU$2.57M

socalTECH

Los Angeles- and Sydney, Australia-based Clapit , a startup developing a social media crowdsourcing app, said it has raised AU$2.57M ($1.94M US), to bring its mobile app to market. operations in Los Angeles, says it has created a social media app which crowdsources video, music, images, and rich media.

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Snap Raises $3.4B in IPO, Soaring Trades Set Value Past $20B

Xconomy

Snap, which rose to unicorn status based on a social media app that creates quickly vanishing photos, attracted solid investor interest in an IPO that raised $3.4 The $17 initial offering price valued the company at about $24 billion , a number that has since risen with the Venice, CA, company’s share price shooting above.

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Doppels Is the Birthday Matching App You’re Going to Love

Tech.Co

On your birthday, something special happens on social media: you receive hundreds of likes and well wishes from friends, family, high school classmates and people you haven’t talked to for years on Facebook. I chose Venice, California as a great breeding ground for this tool to help all the local businesses,” said Hagger.

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Putting the Pedal to the Metal at Amplify

From the Venture Trenches

For the first three months of this year, I have had the pleasure of breathing the same air as the crew from Amplify , the Venice based accelerator. Amplify provides seed stage capital to the tune of $50,000 to $150,000 in companies with a viable product that are demonstrating some degree of traction.