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West Hollywood Vacation Rental Outfit Raises $5 Million

L.A. Business Journal

AvantStay, a West Hollywood-based hospitality firm that provides short-term vacation rentals to groups, announced Dec. 19 it received $5 million in a round led by Menlo park investment firm Bullpen Capital.

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Casa Verde Capital Raises $45M Investment Fund

socalTECH

West Hollywood-based Casa Verde Capital said this week that it has raised $45M in its debut, investment fund, which will specifically invest in the "ancillary cannabis" industry.

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The RealReal Launches First Bricks And Mortar Store, In West Hollywood

socalTECH

TheRealReal said it will open up a "concept store" in Los Angeles on Melrose Avenue in West Hollywood, where it will both offer up its luxury goods and also accept consignments. According to TheRealReal the new retail store will both include a 12,000 foot space for women and a 5,500 square foot "men's store".

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Assembled Brands, Oaktree Capital Put $50M Into Win Brands Group

socalTECH

West Hollywood-based Assembled Brands, which provides capital to consumer brands companies, said it has put together a $50M transaction to support Win Brands Group to pursue M&A transactions in the consumer product goods and direct-to-consumer space.

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Report: Backstage Capital Shifting To Accelerator Model After Fundraising Issues

socalTECH

West Hollywood-based venture investment firm Backstage Capital is shifting entirely to an accelerator model, according to reports today, after failing to raise a new, $36M venture capital fund. Backstage Capital focuses on focuses on minorities, including women, People of Color, and LGBT founders. READ MORE>>.

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Backstage Capital Launches New Startup Accelerator In LA

socalTECH

West Hollywood-based Backstage Capital , a venture capital investor which focuses on minorities--including women, People of Color, and LGBT founders, said recently that it has launched the Backstage Accelerator , a three month, startup accelerator which will provide in-person resources and support to its portfolio of companies.

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Snoop Dogg's Casa Verde Capital Funds Green Bits

socalTECH

West Hollywood-based Casa Verde Capital , the new, $45M investment fund run by rapper Snoop Dogg, is one of the investors in a software developer developing code for running cannabis businesses. Casa Verde said when it launched last month that it will specifically invest in the "ancillary cannabis" industry. READ MORE>>.