TechCrunch LA

APRIL 17, 2018

The mayor of Los Angeles confirmed earlier reports that SpaceX will build its largest rocket, the BFR, at the Port of Los Angeles. The company intends to build a manufacturing facility on an 18-acre site at Berth 240 and use waterways to transport the massive rocket. SpaceX says the BFR is simply too big to be transported by roads. Announced last September SpaceX intends for the reusable BFR to eventually replace its Falcon 9 and Falcon 9 Heavy rockets.

Los Angeles 274

Los Angeles SpaceX Angel Report 274

socalTECH

APRIL 17, 2018

Santa Monica-based consumer Internet company Leaf Group --the owner of such online properties as Saatchi Art, Livestrong.com, Society6, and Hunker--has named a new General Counsel and Executive Vice President. According to the company, Adam Wergeles joined the company to serve as General Counsel and Executive Vice President, joining the company from Serviz, where he had been Executive Vice President, Business and Legal Affairs, and General Counsel.

ReachLocal 159

ReachLocal Santa Monica Technology Company 159

L.A. Business Journal

APRIL 17, 2018

AppOnboard, a Los Angeles based mobile technology platform that creates demos for apps, announced a $15 million Series A round led by Korea Investment Partners (KIP) with contributions from Mirae Asset Management, Mantaray, MTG and Runa Capital. The capital infusion brings their total funding to $20 million.

Funding 100

Funding Los Angeles Platform Mobile 100

socalTECH

APRIL 17, 2018

San Diego-based business intelligence software developer VizExplorer announced this morning that it has raised a round of strategic funding from Morgan Stanley Expansion Capital. Size of the new investment was not announced. VizExplorer said that it was previously owned by Endeavor, which will continue to have a minority investment in the company. Morgan Stanley Expansion Capital is part of Morgan Stanley Investment Management focused on private equity investments.

Funding 138

Funding San Diego Entertainment Equity 138

Advertiser: Aggregage

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.

Company

L.A. Business Journal

APRIL 17, 2018

AppOnboard raises $15 million in Series A funding round; San Francisco to Bird: ‘Cease and desist;’ Elon Musk’s Boring Co. raises $112.5 million.

Funding 100

Funding Report 100

socalTECH

APRIL 17, 2018

Los Angeles-based digital marketing software developer SRAX said this morning that it has launched into a new vertical, the auto industry, with a new product called SRAXauto. According to the company, the new tool is aimed at auto manufacturers and dealers, and helps them to target and reach buyers at dealerships, auto shows, or desktop and mobile platforms.

Software Development 133

Software Development Pricing Los Angeles Tool 133

socalTECH

APRIL 17, 2018

Los Angeles-based "last mile" scooter service Bird --which is backed by. Valor Equity Partners, Index Ventures, Craft Ventures, Goldcrest Capital, Tusk Ventures and Upfront Ventures--has just been served a "cease and desist" letter by the City of San Francisco, alongside competitors Lime and Spin. All three companies operate dockless, motorized scooter rentals aimed at helping bridge the "last mile" between public transportation and a user's destination.

Equity 133

Equity Los Angeles Services Capital 133

socalTECH

APRIL 17, 2018

Los Angeles-based AppOnBoard , a developer of a mobile technology platform aimed at helping app developers create app demos, has raised $15M in a Series A funding. The funding was led by Korea Investment Partners (KIP) and also Mirae Asset Management, Mantaray, MTG, and Runa Capital plus London Venture Partners, Troy Capital Partners, and Ophir Capital Group.

Mobile 113

Mobile Software Los Angeles Capital 113