socalTECH

MARCH 20, 2014

A direct competitor to Marina Del Rey-based free texting and phone service provider TextPlus said today that it has raised a huge, $280M funding round for its services. Silicon Valley-based Tango raised the giant funding round from Chinese company Alibaba, which reportedly valued Tango at around $1 billion.

Marina Del Rey 147

Marina Del Rey San Diego Venture Capital Mobile 147

socalTECH

JULY 15, 2016

The boost in funding came despite a lower overall deal count, with 89 funding deals in Q2, versus 97 in Q1. The big numbers were directly impacted by several large fundings in Southern California--most notably, a giant, $1.27 billion round for Venice based Snapchat. billion raised in the region just a year ago in Q1 of 2015.

Southern California 100

Southern California Marina Del Rey Venture Capital Company 100

Xconomy

JULY 14, 2016

billion that a non-traditional investor (the Saudi Arabia Public Investment Fund) invested in San Francisco-based Uber, and the nearly $1.3 Over the last few quarters, we’ve definitely seen the funding levels come down” from 2015, said Tim Holl, an EY audit partner in San Diego who heads the firm’s technology practice.

Marina Del Rey 40

Marina Del Rey Invest Venture Capital San Diego 40