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UK-based women’s networking and private club, AllBright, raises $18.8 million as it expands into the US

TechCrunch LA

The company’s new round was led by Cain International and was designed to take AllBright into three U.S. The company said that the new facilities would be opening in the coming months. A spokesperson for the company said that the new financing would value the company at roughly $100 million.

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Oro Debuts New Ecommerce Marketplace Software

socalTECH

West Hollywood-based Oro, Inc., The company says the new software lets sellers to rapidly implement B2B, B2C, B2G, franchise network ordering, services procurement, bookings/appointments, and physical goods marketplaces. a developer of e-commerce software, says it has launched a new product, OroMarketplace.

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Dear Media Finds $8M

socalTECH

West Hollywood-based Dear Media , which is developing a podcasting network focused on female voices, said on Thursday that it has raised $8M in a funding round. The funding came from private equity investor Magnet Companies. Dear Media is led by CEO Michael Bosstick, and the company was co-founded with Raina Penchansky.

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FabFitFun Launches TV App, Expands Video Efforts

socalTECH

West Hollywood-based online lifestyle brand FabFitFun said on Thursday that it is planning to "significantly" expand its video content, with the launch of a new FabFitFunTV App and more videos and content for its streaming service, FabFitFunTV. FabFitFun is venture backed by New Enterprise Associates and Upfront Ventures.

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Evercar Plans LA Expansion For EV Rentals For Uber, Lyft Drivers

socalTECH

Los Angeles-based Evercar , a company which is developing an electric vehicle sharing network--starting with Los Angeles--says it plans a major expansion in this market, and plans to add as many as 1,000 vehicles in the Greater Los Angeles area.

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CityGrid Media Buys BuzzLabs

socalTECH

West Hollywood-based CityGrid Media , the unit of IAC formerly known as CitySearch, said today that it has acquired BuzzLabs , a social media monitoring and sentiment analysis software developer. The company explained that it would be integrating BuzzLabs' technology into its platform over the next three to six months.

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SoCal Sees Summertime Surge In Exits

socalTECH

In what looks to be an unprecedented surge in high profile, high value exits for high tech companies in Southern California, there have now been six big exits in the region over the last month worth over $100M. Those exits--worth more than a collected $3.8 READ MORE>>.