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Los Angeles-based Flipagram , led by startup vetera Farhad Mohit, said late Thursday evening that it has raised $70M in a funding round, for its photo, video, and music sharing apps. The funding was led by Sequoia, and also included Kleiner Perkins Caufield & Byers and Index Ventures.
Are you a startup looking to find funding in Southern California? It's often tough to figure exactly who the venturecapitalfunds are who are funding startups in the area. However, for members of socaltech.com, it's a click away with our real time analysis of venturefunding flows.
In the second big piece of news in Los Angeles from Chinese company Bytedance , Bytedance said on Friday that it will invest $50M in a Series B funding in Los Angeles-based Live.me , a developer of an online livestreaming service. Bytedance also bought LA's Flipagram earlier this year. is a subsidiary of Chinese company Cheetah Mobile.
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