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CulverCity-based mobile gaming company Scopely Inc. invested a combined $50 million in three boutique European game studios, the company announced July 19.
The company’s last round was a $35 million investment raised about two years ago , and one investor with knowledge of the company’s cap table called it a “pretty efficient exit” for its backers. Signal Sciences secures $35 million investment to protect web apps. Morgan Stanley & Co.
The latest venture capital totals from the PricewaterhouseCoopers/National Venture Capital Association''s MoneyTree Report was released this evening, tallying up $761.12M in investments in Q2 of 2014 in Southern California, up from Q2 of 2013, when $616.83M was invested in the region. Nationally, there was $13.0 READ MORE>>.
Size of the investment was not announced. The company has a significant presence in India, with headquarters here in CulverCity. Los Angeles-based Prime Focus Technologies , a developer of ERP software for the media industry, says it has received its first round of funding from private equity investor Ambit Pragma.
The parent company of CulverCity-based hosting service Media Temple -- GoDaddy --is getting closer to an IPO, based on reports Wednesday that the company has hired on several investment bankers for its public offering. mediatemple godaddy merger acquisition exit banker investment hosting domain' READ MORE>>.
CulverCity-based Maker Studios confirmed today that it has raised $26M in additional funding in its Series C funding. According to the company, the new round was led by Time Warner Investments, along with Canal+, Astor, Singtel Innov8, Upfront Ventures, Greycroft Partners, and Downey Ventures. READ MORE>>.
Los Angeles-based web hosting firm Media Temple said today along with web analytics firm Webtrends , that Media Temple Ventures, its investment arm, has sold real time analytics firm Reinvigorate to WebTrends. CulverCity-based Reinvigorate is a developer of web visitors tracking and anaytics software. READ MORE>>.
CulverCity-based Maker Studios , which develops YouTube channels and content, said today that it has raised $36M in a funding round. The investment was led by Time Warner Investments, and also included Greycroft Partners, Downey Ventures (Robert Downey, Jr.) and Jon Landau (Avatar).
CulverCity-based PacketFabric , a startup working on connecting major, carrier-neutral colocation facilities with terabit-scale network technology, has raised $25M in a Series B funding, according to the company. According to PacketFabric, it now has a presence at more than 150 Points of Presence (PoPs) in 17 metro markets.
CulverCity-based Fullscreen , which operates a multi-channel youTube network, and is led by George Strompolos (formerly of YouTube/Google), has raised $30M in a new round of funding, according to reports today. The funding round reportedly values the company at $110M pre-money. The funding comes from The Chernin Group and Comcast.
The founders of Crackle , the online streaming video and movie site owned by CulverCity-based Sony Pictures Entertainment , have announced a new venture capital fund. According to Josh Felser and Dave Samuel, the founders of Crackle, they have started a new venture fund called Freestyle Capital , with $27M in a Fund I close.
The Tech Coast Angels , the largest angel investment group in Southern California, is part of a syndicate funding Pittsburgh-based Cognition Therapeutics , a drug discovery firm focused on Alzheimer's. According to Cognition, it raised $2.5M in a Series A funding, led by Golden Seeds and including the Tech Coast Angels. READ MORE>>.
The company said the funding came from strategic investors, including Maker Studios, Bertelsmann Digital Media Investments (BDMI), Launchpad LA, as well as angels, including Richard Wolpert and Brad Zions. The company says it has more than 40 employees in CulverCity. Jukin Media was founded by Jonathan Skogmo.
Two Southern California startups, Ortiva Wireless and Fonality , are among 18 companies which Intel said it has funded, to the tune of $77M in total venture investments. Exact investments in Ortiva, a developer of mobile video management and optimization products, and PBX software maker Fonality, were not announced by Intel.
CulverCity-based All Def Digital , an urban youth programming media brand co-founded by Sanjay Sharma and Russell Simmons, has raised $10M in a Series B financing. Third Wave Digital Partners is the investment fund of Allen DeBevoise. READ MORE>>.
CulverCity-based ALL DEF DIGITAL , a startup which says it will be delivering comedy, music, news, poetry and innovative artistry to consumers, has raised $5M in a funding round, the company said late Wednesday. As part of the funding, Greycroft''s Mark Terbeek joins the company''s board of directors.
As part of the expansion to Los Angeles, Getaround has opened up an office in CulverCity, where it says it already has hired over a dozen full time and part time employees for the company. The company had a soft launch in LA in March to onboard the first 50 car owners onto its platform. READ MORE>>.
This followed an investment late last year by Time Warner in the company in a round totaling $36 million , led by Rachel Lam , head of their investment group. Dana Settle (Greycroft) & I had led the first round of investment in the company in 2010 and we were looking for smart media investors to join us as investors in the company.
CulverCity-based Survios , a developer of virtual reality game titles, said this week that it has raised $50M in a Series C funding. Gary Barber, the Chairman and CEO of MGM, has joined the company's board as a result of the investment. READ MORE>>.
Purch , the online publishing company with offices in CulverCity that owns Tom's Guide, TopTenReviews, Laptop, and other online publications, has raised $135M in a Series C funding round. The funding was led by Canso Investment Council, and included both equity and debt.
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 CulverCity.
CulverCity-based Clutter , which offers up "on-demand" self storage of your extra stuff, has raised $200M in a Series D funding, the company announced on Wednesday morning. As part of the new investment round, it has added Justin Wilson of SoftBank Investment Advisors to the board.
Burbank-based Cast & Crew Entertainment Services , the provider of technology and payroll, and production management services for the entertainment industry, said on Monday that it has completed its acquisition of CulverCity-based CAPS Payroll.
Maker Studios, leading YouTube producer, generating hundreds of millions of video views every month [Los Angeles, near CulverCity]. IA Ventures – Roger Ehrenberg was doing angel investing before he became a VC. I know that I call them often to co-invest. And do so in real life, too. downtown LA].
CulverCity-based NantKwest --until recently known as Conkwest--said today that it has launched an IPO effort, offering up 7,000,000 shares of its stock at between $20.00 Soon-Shiong took the stake in Conkwest back in December of 2014, investing $50M in a strategic funding in the company. and $23.00 READ MORE>>.
CulverCity-based Dub Frequency Media (DFM), a marketing, public relations, and creative firm which focuses on millennials, has raised $9.0M in a funding round, part of an ongoing $10.97M funding effort, according to a regulatory filing by the company this week.
What they do, is accelerate that team or company to get them to the next level, and then go through and put in some investment money, help them build out the management team, and help with vendor relationships, help with overall strategy, and then help those companies riase their next round of capital. We actually are ideating internally.
Be Great recognizes seven main startup points in Los Angeles: “Silicon Beach”, West LA, CulverCity, Pasadena, Orange County, South Bay, and Downtown LA. Compared to Silicon Valley, LA only has only about one-tenth of VC investments. Los Angeles has a diverse area of startups.
Partnering with a local MNSP also enables more predictable cost structures, so companies can better budget and plan around IT and network investments. According to a study conducted by CompTIA, 46 percent of enterprises who transitioned IT functions to a managed services provider saw a 25 percent or more reduction in their annual IT costs.
For this morning's interview, we had a chat with Eli Portnoy , the CEO and founder of CulverCity-based Sense360 (www.sense360.com), I think the number of investments has led to saturation in nearly every product area, and I don't think there is any question we're in a very hot economy.
from CulverCity-based NantKwest , one of the biotech firms led by billionaire Dr. Patrick Soon-Shiong. Soon-Shiong joins Viracta's Board of Directors as Vice Chairman as part of the investment deal, and Viracta has also signed an exclusive license to its Phase 2 drug candidate to NantKwest.
Kevin Miller, president of Westside Rentals, which bills itself as Southern Californias largest home-finding service, says he has seen rents in Santa Monica and Venice increase by about 10% over the last 18 months—compared with other desirable areas such as Beverly Hills and CulverCity, where he says rents increased by about 4% to 5%.
employees, with its largest office in CulverCity. The executive order cited a "national emergency with respect to the information and communications technology and services supply chain". TikTok has 1500 U.S. READ MORE>>.
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