Meet Lumi, the Los Angeles startup that just raised $9 million for a packaging business

TechCrunch LA

Alongside co-founder and longtime partner Stephan Ango, Jesse Genet has built a business with Lumi that’s already been profitable, and has just raised $9 million in venture funding to boost its growth.

Elementary Robotics raises cash to expand in Los Angeles’ growing robotics hub

TechCrunch LA

million in seed funding to begin building a manufacturing facility and expand its presence in Los Angeles as the city continues to grow as a hub for robotics and automation. . ” Recent Funding Robotics Startups TC Elementary Robotics Los Angeles

Los Angeles investors and entrepreneurs launch PledgeLA, a diversity and inclusion program

TechCrunch LA

Demographics at funds and startups will also be under the microscope, since signatories have agreed to report on their composition by race, gender, age, sexual orientation, disability status, immigration status, veteran status, educational attainment, socioeconomic origin, tenure at a firm.

Meet Lumi, the Los Angeles startup that just raised $9 million for a packaging business

TechCrunch LA

Alongside co-founder and longtime partner Stephan Ango, Jesse Genet has built a business with Lumi that's already been profitable, and has just raised $9 million in venture funding to boost its growth. .

With the Los Angeles tech scene exploding, CrossCut Ventures raises $125 million to invest

TechCrunch LA

CrossCut Ventures, a Los Angeles-based seed investment firm has just closed its fourth (and largest) fund with $125 million in new cash. It’s been a long road for the firm’s three co-founders, who have been investing in Los Angeles since 1997.

Los Angeles is using ride-hailing startup Via to shuttle people to public transit

TechCrunch LA

Los Angeles is partnering with on-demand shuttle-based service Via as part of a pilot program that will give people rides to three busy public transit stations. million, which is funded in part by a $1.35

Galvanize Plans Expansion To Los Angeles

socalTECH

Galvanize , a company which operates a network of locations teaching software engineering skills--and which often serve as hubs of startup activity nationwide, offering up coworking for technology startups, events, and more--is planning to expand its efforts in Los Angeles, after raising $32M and buying another "coding bootcamp" operator, Hack Reactor. galvanize angeles expansion venture capital coding bootcamp hack reactor

Los Angeles Fundingpost VC and Angel Investor Conference

SoCal Tech Calendar

Thursday, March 28, 2019 -- Interested in meeting and pitching to early-stage Angel Investors and Venture Capitalists in Southern California? Location: Cross Campus 929 Colorado Ave Santa Monica, CA 90401 Date: Thursday March 28, 2019 Time: 5:30pm-8:30pm Speakers: Moderator: Joe Daniels, McCarter and English Robert Mai, Scopus Ventures Andrew Ly, Angel Investor Brandon Maier, Quake Capital Mark Linao, AET Fund Kelly Perdew, Moonshots Capital Richard Sussman, Nordic Eye VC.

The Riveter Takes $15M To Expand Beyond Los Angeles, Seattle

socalTECH

Female co-working space operator The Riveter --which operates coworking space both in West Los Angeles and Marina Del Rey--said this week that it has raise $15M in a Series A funding round. The funding came from Alpha Edison, and Madrona Venture Group, plus such angels as Annie-Marie Slaughter (New America), Liz Lange (fashion designer), and Blake Mycoskie (TOMS Shoes).

Minkonet Raises $1M, Sets Up Headquarters In Los Angeles

socalTECH

Minkonet , a South Korean startup which is developing 3D video game capture technology, said this morning that it has raised $1M in a "Pre-Series A" investment round, and has set up a brand new headquarters in Los Angeles. The funding came from Evergreen Investment Partners, along with existing investors Bluepoint Partners and Kite Foundation. According to Minkonet, the funding specifically goes towards its operations in Los Angeles, and expansion into North America.

Los Angeles’s Secret to Startup Success

Tech.Co

When Los Angeles, CA was listed as the fastest-growing tech startup region in 2014, many guesses were raised about the root cause of its success. No, to see the strength of Los Angeles’ startup scene, you must look at the whole story. While the initiative is still new and growing, it’s a symbol of why Los Angeles’s startup scene is poised for long-term, sustainable growth. Money: In 2014, Los Angeles startups received more than $3 billion in funding.

Startup Boost Targets Los Angeles With Pre-Accelerator Program

socalTECH

Do you have a startup idea, and a team, but no seed funding, and are even too early for an early stage startup accelerator? A new program in Los Angeles, Startup Boost / Los Angeles , says it is launching a "pre-accelerator" program which aims to help bridge the gap between a team with an "evolved" idea and seed investors and accelerator programs. Los Angeles is one of four cities the group is starting programs in: the others are Toronto, London, and New York.

Los Angeles Ranked Top Metro Area for Tech Funding and Exits

L.A. Business Journal

Los Angeles raised more than $100 million, beating Boston in total mega financing rounds, according to a recent report from CB Information Services Inc

FiveStars Expands In Los Angeles

socalTECH

Customer loyalty and marketing automation software developer FiveStars said this week that it is "aggressively" expanding in the Los Angeles market, after recently receiving a $26M funding round from Menlo Ventures, Lightspeed, DCM, Rogers and Y-Combinator. According to the company, it is aggressively hiring employees in Los Angeles, as it grows out its sales force. jobs expansion marketing retailer rewards loyalty customer angeles fivestars

OfferPad Plans Launch In Los Angeles After $260M Funding

socalTECH

OfferPad , a startup which operates an online service which provides instant home buying offers to homeowners, is planning to launch its service in Los Angeles, after raising $260M funding. OfferPad, which is based in Arizona, said the funding came from LL Funds LLC. The funding is split between $30M in equity and $230M in debt. The company says it is launching in Los Angeles this month.

Greycroft Bolsters Los Angeles Team

socalTECH

In what can only be good news for local startups, venture capital investment firm Greycroft Partners said this morning that it has named Mark Terbeek as a new Partner in its Los Angeles office. Despite the amount of venture capital investment activity in the Los Angeles area, there has actually been a dearth of locally based venture capitalists able to make investments in companies. greycroft partners venture capital fund executive mark terbeek mkcapital

FundingPost Los Angeles VCs, Angels, Crypto and ICOs Event

SoCal Tech Calendar

Tuesday, October 9, 2018 -- FundingPost Los Angeles VCs, Angels, Crypto and ICOs Event. At our next event the panel of investors will focus on Early-Stage Venture Investing (VCs and Angel investors), and a fireside chat about ICO basics: How to meet investors, pitch them, and what it really takes to get them to write you a check!

Los Angeles Dodgers Launch Venture Focused On Youth Sports

socalTECH

The Los Angeles Dodgers , along with Elysian Park Ventures , the private investment firm created by the ownership group behind the Los Angeles Dodgers specifically for investments in entrepreneurs in the areas of sports, technology, and entertainment, have launched and funded a new venture called E|L1. The venture is supported by the Los Angeles Dodgers, Nomar Garciaparra and Elysian Park Ventures. angeles dodgers venture capital youth sports

The Stage Fund Sets Partner In Los Angeles

socalTECH

The The Stage Fund , a investment and acquisition firm focused on acquiring turnaround companies, has tapped a longtime Southern California entrepreneur, Dan Tamkin , as a new Managing Partner in Los Angeles. According to the fund, Tamkin will be setting up a West Coast office for the fund, which is based in Denver, Colorado. stage fund tamkin unified dispatch angeles investment finance financial

Startup Game Changers Panel - Los Angeles 2017

SoCal Tech Calendar

Friday, August 4, 2017 -- Startup Game Changers Panel - Los Angeles 2017. Our team of VCs, financial consultants, bankers, and lawyers has collectively helped walk thousands of companies down the fundraising path — from identifying the best funding source to negotiating the best terms. Startup fundraising can be an arduous journey. Wouldn’t it be easier if you had your own team of guides to help you along your way? Team startup to the rescue!

Super League Gaming Plans Minecraft Event In Los Angeles

socalTECH

Santa Monica-based Super League Gaming , the newly funded startup which aims to bring videogames into movie theaters, says it is launching its first Super League National Championship, starting with a premier in Los Angeles on September 16th.

Los Angeles Cleantech Incubator Gets $200,000 Grant, Eyes Investment Fund

socalTECH

The incubator effort looking to make Los Angeles a key part of the clean technology industry, the Los Angeles Cleantech Incubator (LACI) , announced this morning that it has received a $200,000 grant from the JPMorgan Chase Foundation, to help advance its program--and may even start its own investment fund. The incubator said the grant will help fund programs focused on advancing sustainable technology development and adoption in the Los Angeles region.

Port of Los Angeles Wins $41M For Hydrogen Fuel Cell Project

socalTECH

The Port of Los Angeles reported late Friday that it has received a preliminary award of $41M, from the California Air Resource Board (CARB), for a high tech hydrogen fuel cell freight project. The Port said the project has a total cost of $82,568,872, with partners providing 50.2%, or $41,446,612 in match funding. port angeles hydrogen fuel cell cargo

Greycroft's New $200M Fund May Be Boon To Los Angeles

socalTECH

A new, $200M growth fund from Greycroft Partners may be a boon to the Los Angeles market--the source of a big chunk of the investment company''s venture capital investments. Greycroft Partners said today that it has closed on a $200M, first growth fund, to specifically invest in later stage investments in portfolio companies. Greycroft has been particularly active in the Los Angeles market, having invested in such successful companies here as Maker Studios.

Techstars Music Makes Call For New Los Angeles Class

socalTECH

Techstars Music , the music startup accelerator in Los Angeles, says it is on a worldwide tour to find founders interested in participating in its new class, which starts on February 5h. Last year, Techstars Music said it had 11 startups who participated, who have so far raised more than $15M in total funding. techstars music angeles startup accelerator content hollywood application deadline

Class 109

Los Angeles Venture Investors Get Their Mojo Back

socalTECH

For several years, the phrase "Los Angeles Venture Capitalist" had almost become an oxymoron. Local investments funds have had issues raising their new funds, and venture investors had started to hunker down with their portfolios, waiting for some sign of a thaw in the exit environment.

With a new CEO and fresh funding from Upfront, healthy prepared food delivery service Territory looks to grow

TechCrunch LA

With a new chief executive officer and $4 million in fresh funding from investors including the Los Angeles-based investment firm, Upfront Ventures, Territory Foods is poised for growth. Worth, Los Angeles, San Francisco, and the Washington metropolitan area.

Los Angeles Investor Backs DoughMain

socalTECH

A new, financial education and family organization website, DoughMain , said yetserday that it has raised funding from a private equity fund managed out of Los Angeles and Boston. DoughMain, which did not disclose details of its funding, said that the private equity fund, managing the funds of Lee Iacocca's family, backed it in its second round of funding.

Jaunt Finds $65M To Open VR Studio In Los Angeles

socalTECH

Jaunt , a developer of cinematic, virtual reality hardware and software, said this morning that it has opened up a new, virtual reality studio in Los Angeles, after receiving $65M in a Series C funding. The funding came from Burbank-based The Walt Disney Company, Evolution Media Partners--the investment joint venture which involves the CAA's Evolution Media Capital, TPG Growth and Participant Media--and Chine Media Capital (CMC), along with ProSiebenSat.1

Los Angeles Accelerator Report Card: Too Early To Tell

socalTECH

There's been a surge in startup accelerator activity in Los Angeles in the last year, as interest in starting a company in the region has grown, and a wide range of experienced entrepreneurs and investors have pitched in to help companies get to the next level.

Former Hulu exec Noah Heller launches new venture fund to focus on LA tech

TechCrunch LA

Primarily focused on backing Los Angeles-based technology startups, the new fund has already committed capital to three deals, Heller confirmed. TC Venture Capital 3Rodeo digital media Hulu internet television Los Angeles Noah Heller Vhoto Virtual reality

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Shift Technologies Targets Los Angeles With Car Buying Service

socalTECH

Shift Technologies , a venture backed startup which has received funding from DFJ, Highland Capital, and others, is extending its efforts into Los Angeles, after launching in San Francisco. Shift Technologies said it has recently opened up operations in LA and is in the middle of leasing a massive warehouse for cars in the city, its first outside the San Francisco Bay Area.

Transportation Weekly: Uber’s spending habits, Tesla Model Y, scooters and AVs in Austin

TechCrunch LA

After five days in Austin for SXSW, I headed to Los Angeles, actually Hawthorne, for Tesla’s Model Y unveiling. Uber is in talks with Softbank Vision Fund and Toyota to raise $1 billion for its self-driving unit Uber ATG. This brings the startup’s total funding to $3.85

Report: Los Angeles, New York Better For Female Founders

socalTECH

A report, issued earlier this week by venture firm the Female Founders Fund , says that Los Angeles, and New York, are better markets than Silicon Valley to find funding for female founders.

Former Hulu exec Noah Heller launches new venture fund to focus on LA tech

TechCrunch LA

Primarily focused on backing Los Angeles-based technology startups, the new fund has already committed capital to three deals, Heller confirmed. TC Venture Capital digital media internet television Hulu Virtual reality Los Angeles Vhoto 3Rodeo Noah Heller

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