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Southern California Companies Raise $2.49 Billion In VC In Q2

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Southern California companies raised $2.49 billion in venture capital in Q2 of 2016, according to the latest numbers from the MoneyTree Report from PricewaterhouseCoopers, the National Venture Capital Association, and Thomson Reuters. billion round for Venice based Snapchat.

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LeaseLock Lands $52M In Series B

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Marina Del Rey-based LeaseLock, which is developing artificial intelligence technology and lease insurance products to eliminate the need for security deposits, has raised $52M in its Series B funding round, the company announced this morning. The company said it has so far insured $1 billion in leases.

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CREXi Collects $11M For Commercial Real Estate Technology

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Marina Del Rey-based CREXi , which is developing a technology platform aimed at the commercial real estate industry, has raised $11M in a Series A funding, the company said on Monday. The company said it has now raised $24M in total. CREXi is led by CEO Michael DeGiorgio. READ MORE>>.

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USC's Startup Accelerator Targets 10 Companies, Starts In May

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The startup accelerator will actually based based at USC's Information Sciences Institute in Marina Del Rey. The school said that applications for the first program will be accepted through Monday, April 22nd.

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Thrive Market Picks Up $111M In New Funding

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Marina Del Rey-based, online healthy foods grover Thrive Market has raised $111M in a new, venture funding round, the company disclosed this morning. The new funding was led by Invus Group, and also included Greycroft Partners, E-Ventures and Crosscut Ventures. READ MORE>>.

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TextPlus Competitor Lands $280M From Alibaba

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A direct competitor to Marina Del Rey-based free texting and phone service provider TextPlus said today that it has raised a huge, $280M funding round for its services. Silicon Valley-based Tango raised the giant funding round from Chinese company Alibaba, which reportedly valued Tango at around $1 billion. READ MORE>>.

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Moving Analytics Finds Funding

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Marina Del Rey-based Moving Analytics , a developer of software and programs to help cardiac patients complete their rehab at home, has raised a funding round from OCA Ventures. Size of the funding was not announced. READ MORE>>.