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Startups Weekly: VCs are drunk on beverage startups

TechCrunch LA

Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s most noteworthy venture deals, fundraises, M&A transactions and trends. Let’s take a quick moment to catch up. Haus, like any good consumer startup in 2019, is shipped directly to your door. Fundraising.

Startup 223
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Midnight Lights Up With $7.5M

socalTECH

Los Angeles-based gaming startup Midnight announced this morning that it has raised $7.5M in its seed funding round.

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TYLT Labs' New Seed Fund And The Promise Of Silicon Beach

socalTECH

There seems to a perpetual shortage of local venture capital investors in the region, despite the huge growth in startup activity here, particularly along Silicon Beach. Among those funds is TYLT Lab (www.tyltlab.com), which recently announced a new, $20M early stage investment fund specifically focused on companies here.

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Jared Leto, Scooter Braun and Troy Carter are backing Moment House, a startup recreating live events… digitally

TechCrunch LA

A pitch to offer artists a way to give geo-fenced, live events to fans around the world has brought the new Los Angeles startup Moment House $1.5 million in seed funding. And performers on the platform take all of the ticket revenues, with Moment House earning money by charging fans a small fee.

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SUMA Wealth Gets Funding For Latino Financial Literacy

socalTECH

Los Angeles-based SUMA Wealth , a startup which operates an online platform designed to help U.S.-born, born, Millennial Latinos with financial literacy, has raised a round of funding, the company announced this week. According to the company, it received a pre-seed funding round from a number of female investors.

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Wildfire Systems Aims to Monetize Social Messages

socalTECH

San Diego-based Wildfire Systems is hoping that consumers will help its clients spread the word out about their products through a new platform it launched today, Wildlink. The startup is backed by Mucker Capital, which led a $2M seed funding round in the company in 2017. READ MORE>>.

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How Chinese Startup Tradesparq Is Looking To Grow In SoCal

socalTECH

In what is a fairly unusual move, last week, Tradesparq (www.tradesparq.com), a Chinese startup in the area of B2B trade information, said it was planning on setting up its operations here in Southern California, as part of an expansion and scaling of the company. Michael Kleist: Tradesparq is a B2B trade platform.