Thu.Jul 19, 2018

Kumbaya Expands Board

socalTECH

Rancho Palos Verdes-based Kumbaya , which is developing a device to bring solar- and battery- powered Internet connectivity and content to third world communities, said today that it has added a United Airlines IT executive to its board. According to Kumbaya, Silvia Prickel has joined its Board of Directors. Prickel is currently Managing Director of Application Development for United Airlines, where Kumbaya said she has spent the past 12-years in the IT department.

If the Shoe Fits: Luxury Shoe Club Launches E-Consignment Store

Xconomy

One in five pairs of shoes sit unworn in the average woman’s closet. So, why not sell these unused, or slightly used, pairs to someone who will wear them?

Silicon Beach Report July 18: L.A. Hyperloop Outfit Wins China Contract

L.A. Business Journal

Hyperloop Transportation wins China contract, StartEngine accepting bitcoin; HyreCar partners with dealerships

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j2 Global Buys Two More Companies, Line2 and Mosaik

socalTECH

Los Angeles-based j2 Global , which has made an art out of buying small companies and incorporating them into a large portfolio of acquired companies, has acquired two more companies, saying this morning that it completed two more acquisitions in Q2. j2 Global said it acquired certain assets of Line2, which will join its cloud services arm, and Mosaik Solutions, which will become part of its digital media operations. Financial details of the two acquisitions were not announced.

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Reali Finds $20M For Expansion To Southern California

socalTECH

Reali , a Silicon Valley startup which offers up a high-tech, and artificial intelligence-enabled real estate service, said this week that it has raised $20M in a Series B funding round, which it specifically will use to launch in Southern California. The funding was led by Zeev Ventures, and also included Signia Venture Capital.

StartEngine Starts Accepting Bitcoin For All Crowdfunding Offerings

socalTECH

Los Angeles-based StartEngine , the online crowdfunding marketplace which helps startups and other companies raise capital, said this morning that it has begun accepting Bitcoin as a form of payment. StartEngine--which is taking advantage of the new SEC's new crowdfunding rules to help connect individual investors with companies--said investors can now make investments in any companies on its "funding portal" using Bitcoin.

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