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Seriously Finds $18M For Mobile Games

socalTECH

Venice, California- and Helsinki, Finland-based mobile game developer Seriously , the developer behind the title Best Fiends , has raised $18M in a venture funding round, the company said this morning. Seriously is led by mobile gaming veteran Andrew Stalbow. Seriously said it has now raised $28M in funding. READ MORE>>.

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IVP: We Love LA, So We Invested In Snapchat

socalTECH

A lot of heads turned Monday after Venice-based Snapchat , the instant-photo messaging service known for its self destructing chats, announced a huge, $60M round at a huge valuation. Why did lead investor IVP invest in what most local investors shied away from? snapchat venture capital investment valuation jamdat' READ MORE>>.

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Amplify Adds Two New Companies To Portfolio

socalTECH

Venice, California-based Amplify LA , the startup investor which got its start as one of LA's first startup accelerators, said this week that it has added two new companies-- Kulagy and Tapcart --as part of its portfolio of companies. Financial details of any investment in the two startups were not announced. READ MORE>>.

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Snap Launches Third Yellow Accelerator Program

socalTECH

Venice-based Snap announced the third class of its Yellow startup accelerator class on Wednesday, naming ten companies to participate in its annual 14-week program in Los Angeles. Snap says that those 10 companies were receive $150,000 in equity investments, mentorship from Snap and others, space in Los Angeles, as well as other support.

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Snap Launches Media Startup Accelerator

socalTECH

Venice, California-based Snap , the parent company of Snapchat, is launching a new startup accelerator, named "Yellow", the company disclosed on Wednesday afternoon. The accelerator said it will invest $150,000 into ten different "creators" and startups focused in the media area. READ MORE>>.

Media 100
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Report: Snapchat Turns Down $3 Billion Offer From Facebook

socalTECH

In a very bold move, Venice-based Snapchat has apparently turned down a $3 billion acquisition offer from Facebook , according to a report today from the Wall Street Journal. snapchat merger acquisition exit facebook tencent mobile' READ MORE>>.

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Snapchat, R/GA Partner For New Startup Accelerator

socalTECH

Venice, California-based Snap Inc. , The new accelerator says it will invest $120,000 in funding in comapnies in the accelerator for up to 6 percent equity, with a 100 day program to be held at R/GA's New York offices. READ MORE>>.

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