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Encantos Raises $2M For Family Education, Entertainment Service

socalTECH

Culver City-based Encantos , a developer of family entertainment and education titles, has raised $2M in a seed funding round, the company announced this morning. The startup said it will use funding for its subscription services, which revolve around hands-on craft activities for pre-school and primarly school age children.

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Akatsuki Lauches $50M Entertainment Investment Fund

socalTECH

Japanese entertainment firm Akatsuki has launched a brand new, Los Angeles-based entertainment fund, called the Akatsuki Entertainment Technology Fund (AET Fund) , which will invest in augmented reality and other entertainment technology, the Japanese company announced on Tuesday. READ MORE>>.

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Loop Media Unveils Streaming Media Service, Backed By $10M In Funding

socalTECH

A new, Burbank-based startup, Loop Media , said on Thursday afternoon that it has launched a new "short-form" streaming media service, which it says will feature music videos, film trailers, game trailers and TV clips. The startup--which says it has been in "stealth" mode for over two years--says it is backed by $10M in seed funding.

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Arktos Entertainment Funds Online Gaming Firm

socalTECH

Los Angeles-based Arktos Entertaiment Group , a firm which says it provides investment, creative and production management support, and other services to interactive and online entertainment firms, said today that it has led a $5M investment round in firm Online Warmongers.

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As it adds Jeremy Milken to the partnership, Watertower Ventures nears $50 million close for its new fund

TechCrunch LA

Milken is taking the plunge into institutional investing, joining Norton as a partner in Watertower Ventures just as the firm prepares to close on a $50 million new fund. Norton built Digital Boardwalk, a pioneering internet service provider and the second commercial partner for the trailblazing browser service, Netscape.

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j2 Global Buys IGN Entertainment

socalTECH

Los Angeles-based j2 Global , the provider of cloud-based business and telephony services, said today that it has acquired IGN Entertainment , the video game, entertainment, and men's lifestyle publisher, via is Ziff Davis subsidiary. Financial terms of the buy were not disclosed.

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Q1 Seed Funding Deals Up From Last Year, Says Amplify LA

socalTECH

in seed funding in Q1, which was up 2.5 The most active area for LA area seed investments was in media, entertainment, and gaming, with software-as-a-service businesses also bringing in significant seed funding. According to the report from Amplify, 23 LA startups raised a total of $52.9M percent from Q1 of 2017.