Wed.Jul 22, 2020

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Investors drop off $33 million for Chowbus, a delivery service for ‘mom and pop’ Asian restaurants

TechCrunch LA

When big platforms have carved out large swaths of the delivery market, the best thing for an upstart company to do is to specialize. For Chowbus , that meant building a food-delivery business that finds restaurants whose cuisines specialize in regional cuisines from Northern and Southern China, Japan, Korea, Taiwan, Thailand, and Vietnam. It’s a strategy that has now netted the company $33 million in financing led by the Silicon Valley-based investment firm Altos Ventures and New YorkR

Services 187
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5 Startup Stages And The Right Investors For Each One

Startup Professionals Musings

Time is too precious to waste trying to close a deal with the wrong investors at the wrong time. Luckily, not all investors are looking for the same thing, so it pays to know what type of investors are most interested in what your startup brings to the table. The key is understanding how potential investors see you, and especially how they view the maturity stage of your startup.

Startup 148
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CreatorIQ Gets $24M For Influencer Marketing Software

socalTECH

Los Angeles-based CreatorIQ which develops influencer marketing software, has raised $24M in a Series C funding round, the company said on Wednesday. The funding was led by Kayne Partners Fund, a private equity fund managed by Kayne Anderson Capital Advisors, L.P. The funding also included TVC Capital and Unilever Ventures. According to CreatorIQ, it helps power global influencer marketing for brands such as Disney, Salesforce, Sephora, adn Unilever.

Software 127
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CIM Group Invests $40 Million in Solar Company

L.A. Business Journal

CIM Group announced a $40 million investment in solar device cleaning company Ecoppia Scientific.

Invest 130
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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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TrackStreet Takes $5.1M For Brand Protection

socalTECH

Santa Barbara-based TrackStreet , a developer of brand protection software, has raised $5.1M in a funding round. According to the company, the round--a Seed-2 funding--was led by Okapi Capital, and also included The Cove Fund, Early Light Ventures, SaaS Venture Capital, and Stage Venture Partners and Brad Perry (co-founder of Dealer Socket), along with others.

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Mobalytics Finds $11.25M For Game Coaching

socalTECH

Santa Monica-based Mobalytics , a startup developing tools that help videogame players improve their hardcore gaming on such titles as League of Legends, Valorant, Teamfight Tactics, and Legends of Runeterra, has raised $11.25M in a funding round, the company said on Wednesday. The funding came from Almaz Capital, Founders Fund, General Catalyst, GGV Capital, Cabra VC, HP Tech Ventures, General Catalyst, GGV Capital, RRE Ventures, Axiomatic, and T1 Esports.

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Whip Media Group Selected By Shout! Factory

socalTECH

Los Angeles-based Whip Media Group , a developer of software used by the entertainment industry to manage content, said that Shout! Factory , also based in Los Angeles, has selected its platform. Financial details of the deal were not announced. Whip Media says that Shout! is using its products to streamline and monetize their transactional digital sales, and to provide real-time performance data to partners.

Media 113
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Swoop Snags $3.2M In Seed Funding

socalTECH

Los Angeles-based Swoop , a new startup which develops software for limousine, party bus, and other transportation providers, has raised $3.2M in a seed funding round. The funding was led by Signia Venture Partners, South Park Commons, and angels. The startup, led by CEO and co-founder Amir Ghorbani, said he created the company after he saw, during college, the struggle that small business vehicle owners have while helping with his parents' limousine business.