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NI0, Backed By $500K From Tech Investors, Gears Up For Launch

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Los Angeles-based NI0 , a new startup in the sports and nutrition vertical, is gearing up for launch, backed by $500,000 in seed funding from a number of tech investors. NI0 is led by Braven Greenelsh, and says it is currently in another seed funding effort. Riot Games). READ MORE>>.

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Romeo Power Raises $30M For Energy Storage

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Vernon-based Romeo Power , a new startup focused on developing battery-based, energy storage, has raised $30M in a seed funding round. Soure of the funding was not announced. The company says its founders previously worked at such companies as SpaceX, Tesla, Apple, Amazon and Samsung. READ MORE>>.

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Understanding What’s Going on in #LATech

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Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. And I constantly have to remind people that the largest tech startup employer in LA is actually SpaceX and that, yes, Elon Musk does live in LA.

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Troy Capital Backs TrueCar Vet's New Startup, Rollick Outdoor

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Rollick, created by former TrueCar co-founder and Chief Strategy Officer Bernie Brenner, said it raised $5M in a seed funding to help powersports, marine, and RV dealers with their retail experience, The funding came from Silverton Partners, Autotech Ventures, Troy Capital Partners, Capital Factory and entrepreneur Brett Hurt.

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The Changing Venture Landscape

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They might be ideas they hatch internally (via a Foundry) or a founder who just left SpaceX and raises money to search for an idea. And as a result of this there are now very robust secondary markets where founders and seed-funds alike are selling down their ownership long before an ultimate exit. of the fund.