Thu.Feb 16, 2017

Silicon Beach Report Feb. 16: Tinder Acquires Snapchat-Like App Wheel

L.A. Business Journal

Tinder acquires Snapchat-like app Wheel, Snap Inc. aims to raise as much as $3.2 billion in IPO, and Disney’s Maker Studios is eyeing layoffs

Dermata Secures $10M in Combined Financing for Skin Treatments


Dermata Therapeutics , a San Diego development-stage biotech advancing new treatments for rosacea, eczema, and related dermatological diseases, said it has secured $5 million in Series A financing and entered into a $5 million credit facility with Silicon Valley Bank.

Trending Sources

How Do I Feel About the Snap IPO Given I Didn’t Invest?

Both Sides of the Table

Every tech or major news journal in the country is preparing to write their Snap, Inc (creators of Snapchat, Spectacles, etc) stories and many of them seem to want a “How does it feel to have missed this investment story.”

Tinder Acquires Snapchat-Like App Wheel

L.A. Business Journal

Tinder announced on Thursday that it had acquired Wheel, a video-and-picture slide show app developer, for an undisclosed amount

More Trending

AITP-LA February Tech Meetup

SoCal Tech Calendar

Wednesday, February 22, 2017 -- AITP-LA February Tech Meetup. AITP-LA February Tech meetup You are invited to an outstanding networking event to connect with professionals in technology, content management, digital media, project and quality management. Celebrate in LA with our many community partners – trade/professional associations and social networking groups. Learn of others’ visions, find common interests and opportunities.

Skyworks Aims At Chinese LTE Market With New Modules


Irvine-based Skyworks Solutions , which develops analog semiconductors, is targeting the Chinese LTE market with a new set of RF modules. According to SkyWorks its new SkyOne RF front end solutions include the ability to use the same, printed circuit board across multiple smartphone platforms, and ability to customize those modules for M2M and automotive applications. Skyworks is specifically aiming at Internet of Things applications requiring full LTE connectivity. READ MORE>>.

Silicon Beach Networking Mixer At Prince O' Whales

SoCal Tech Calendar

Wednesday, February 22, 2017 -- Silicon Beach Networking Mixer At Prince O' Whales. Our networking events attract professionals from entertainment, tech, social media, fashion, and marketing and we're quite popular with influencers as well. Meet new people and participate in lively discussions with outstanding names in the Silicon Beach community. See aff=socaltech.

Exactuals Adds $10.6M In Series B, A Week After Series A


Los Angeles-based Exactuals , the developer of a software-as-a-service product used to track complex payments such as residuals and royalties, announced on Wednesday that it has raised $10.6M in a Series B funding, bringing its total raised to $21.5M. The announcement comes only a week after it revealed an earlier, $10M funding round. The new funding came from Entertainment Partners (EP), City National, and TTV Capital.

Control your euphoria!


One thing a senior manager can count on is that someday, something will go right, very right. Well, after all the disappointments, pressure and outright failures, this is NEWS. So we tend to go overboard a bit.

Orreco Finds $2M For Sports Science, Opens Office In LA


Orreco , an Irish company developing machine intelligence and data collection tools to improve professional sports performance, has raised $2M, and is opening up an office in Los Angeles, the company said on Wednesday. The Series A funding came from True Ventures. Orreco said the funding will go towards expansion in the United State and Europe, and to further develop its product for sports science and data, and specifically to open that new office here. Orreco was founded in 2010 in Ireland.

OzoBot Raises $3M For Educational Robots


Redondo Beach-based Ozobot , which develops educational robots used for teaching software coding, has raised $3M in a Series A funding round, the company said late Wednesday. The funding was led by Tribeca Venture Partners. Ozobot said the new funding goes towards product development of its products. Nader Hamda is the founder and CEO of Ozobot. Ozobot says its robot is now in 3,000 classrooms, and is being used to teach such subjects as art, English, history, science and more. READ MORE>>.

Snap Sets Initial Estimated IPO Range, Seeks Up To $3.6 Billion In IPO


Venice, California-based Snap Inc. , the parent company of Snapchat , has set its estimated initial IPO pricing, saying this morning in a filing that it estimates its initial public offering price at betwen $14.00 and $16.00 per share. Snap said it is planning to sell as many as 230,000,000 shares of its stock, which would net it around $3.68 billion on the public markets. Snap has applied to list on the New York Stock Exchange as SNAP. The IPO would value Snap at nearly $18.5

Report: Amazon Launching New Game Studio In San Diego

socalTECH is launching a new game studio in San Diego, according to reports , in an effort being led by former Sony Online Entertainment chief John Smedley. The new studio apparently is looking to hire on many of the game developers who were at SOE. Smedley had been at Sony Online Entertainment for 20 years, up until July of 2015. The new arm of Amazon is apparently recruiting developers in Orange County, among other locations, to bolster the new game studio.

Tinder Buys Wheel


Los Angeles-based mobile dating app developer Tinder has acquired another, Los Angeles mobile app firm, Wheel , the companies disclosed this morning. Financial terms of the buy were not announced. Wheel's founders, Paul Boukadakis and Chris Shaheen have both joined Tinder as executives. Wheel was backed by Mark Suster and Allen DeBevoise, along with other angels. READ MORE>>. tinder wheel merger acquisition mobile dating hookup acqhire