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3L Capital Raises $217M For New Investments

socalTECH

Los Angeles- and New York-based 3L Capital , a new venture capital investment fund co-founded by former Demand Media CEO Shawn Colo, has raised $217M in a new investment round, the firm said today. Colo co-founded the firm with Dave Leyrer (Nexus Group, Boulevard Capital Management) and Kerry Kellogg (RSE Ventures).

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Good Eggs raises $100M and plans to launch in Southern California

TechCrunch LA

Grocery delivery startup Good Eggs is announcing that it has raised $100 million in new funding, and that it’s planning to launch in Southern California in either the summer or fall of this year. In addition to the funding, Good Eggs is also announcing that it has hired Vineet Mehra as its chief growth and customer experience officer.

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Retailers, Startups Work to Offer Efficient E-Commerce Delivery

Xconomy

The on-demand delivery war in retail is on. The Seattle e-commerce giant told analysts the move would cost around $800 million but that didn’t appear to concern investors.

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SpotOn raises $300M at a $3.15B valuation and acquires Appetize

TechCrunch LA

Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Advisors Douglas Merritt, CEO of Splunk, and Mike Scarpelli, CFO of Snowflake, also made individual investments as angels. We are deeply invested in growing the business together.

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The next big restaurant chain may not own any kitchens

TechCrunch LA

” Collins’ company just raised $10 million in a funding round led by GV , the investment arm of Google parent company, Alphabet. But Alphabet’s investment team is far from the only group investing in the restaurant infrastructure as a service business. million) Sprig , ($56.7

Startup 279
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TaskUs Takes $250M From Blackstone

socalTECH

Santa Monica-based business outsourcing service provider TaskUs , founded by Bryce Maddock and Jaspar Weir, said this morning that it has raised $250M in an investment round. The investment came from private equity investor Blackstone Group. According to TaskUs, the funding round values the company at $500M. READ MORE>>.

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6 Keys To Recognizing Business Bubbles Ready To Burst

Startup Professionals Musings

In startup business plans, a bubble is too many entrepreneurs and too many investors chasing the latest “next big thing,” like Google search engine, Facebook social network, or Amazon e-commerce site. Change is always hard, so people already on Amazon are not easy convert to another e-commerce system. Supply and demand ignored.

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