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Boosted Commerce Finds $87M, Acquires Amazon Fulfillment Companies

socalTECH

Los Angeles-based Boosted Commerce announced on Thursday that it has raised $87M, and acquired six different companies in the business of Amazon fulfillment. Staggs (former COO of the Walt Disney Company); Marc Mezvinsky (TPG), and David Farhi (COO, Monarch Casino & Resort). READ MORE>>.

Commerce 124
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Boosted Commerce Taps Former Hollar CEO As President

socalTECH

Los Angeles-based e-commerce platform developer Boosted Commerce says it has hired Steve Oliver, the former CEO of e-commerce startup Hollar as its new President. According to Boosted Commerce, Oliver will be responsible for managing the company's portfolio of acquired brands.

Commerce 113
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Miva Picks Up Strategic Investment

socalTECH

San Diego-based Miva, which develops e-commerce software, said today that it has received a "significant equity investment" from growth equity investor Equality Asset Management. Financial details of the investment were not announced. According to the company, it will continue to be led by current CEO Rick Wilson.

Invest 113
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Maestro nets $15 million for its interactive commerce, community and engagement tools for livestreams

TechCrunch LA

As video commerce becomes the norm and entertainers, brands, businesses, and franchises of all sizes and stripes look to cut out the middle man, the array of services on offer from Maestro may be the scissors these entities need to cut the cord. “ We were targeted to a small number of very premier customers.

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After pulling in around $80 million last year in revenue, LA’s StackCommerce is acquired by TPG’s Integrated Media Company

TechCrunch LA

The Los Angeles-based commerce and content platform StackCommerce has been acquired by the Integrated Media Company, a holding company set up by the massive private equity fund, TPG, to acquire new media businesses. We feel fortunate to partner with a team that has such deep expertise in commerce and technology.

Media 134
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Assembly Joins Billion Dollar Unicorns After Strategic Investment

socalTECH

Los Angeles-based e-commerce software developer Assembly has joined the ranks of the local unicorn startups, according to the company, after getting a "significant capital injection" from Advent International. The company said it now surpasses $1 billion in valuation after the round.

Invest 113
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Techstars LA Draws International Companies For 2021 Class

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Techstars LA, the startup accelerator headed up by Matt Kozlov, announced its 2021 class this week, drawing an international group of twelve new companies to its startup accelerator in Culver City. Companies this year in the program come from as far as Canada, India, and Ukraine.

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