West Hollywood Vacation Rental Outfit Raises $5 Million

L.A. Business Journal

AvantStay, a West Hollywood-based hospitality firm that provides short-term vacation rentals to groups, announced Dec. 19 it received $5 million in a round led by Menlo park investment firm Bullpen Capital

Drone Crash Takes Out Power Grid In West Hollywood For Three Hours

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For all of the promise and appeal of drone aircraft, the growing popularity of the unmanned aerial vehicles continues to cause unexpected problems--most recently, taking out the power to almost 700 customers of Southern California Edison in West Hollywood on Tuesday afternoon. drone aircraft crash west hollywood power electricity utility aerospace technology

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The RealReal Launches First Bricks And Mortar Store, In West Hollywood

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TheRealReal said it will open up a "concept store" in Los Angeles on Melrose Avenue in West Hollywood, where it will both offer up its luxury goods and also accept consignments. Online luxury consignment store The RealReal is making its foray into the retail market, with its first ever bricks-and-mortar, physical store, in Los Angeles.

Fintech Launches Crypto Bank Account for Hispanics

L.A. Business Journal

A West Hollywood-based fintech announced the launch of a banking program Dec. 20 aimed at building Hispanic wealth through stakes in the crypto sector

StoryFile Raises $4 Million

L.A. Business Journal

West Hollywood-based StoryFile has raised $4 million to scale its storytelling app

FitOn Ready for Growth After Peerfit Acquisition

L.A. Business Journal

Since launching in 2018, West Hollywood-based FitOn Inc. has established itself as a force to be reckoned with in the competitive fitness tech sector

Dave Inc. to Make Nasdaq Debut in January

L.A. Business Journal

a West Hollywood-based fintech and banking app company aimed at “leveling the financial playing field,” will go public on the Nasdaq under the tickers DAVE and DAVEW in early 2022 Dave Inc.,

Silicon Beach Report May 14: Disney Buys Out Hulu Stake

L.A. Business Journal

Bird working to integrate Apple Pay; Comcast sells Hulu stake; Crypto hackers arrested after West Hollywood theft

Music Platform Stem Secures $10 Million in Funding

L.A. Business Journal

West Hollywood-based Stem Disintermedia Inc. has raised $10 million in a funding round led by Slow Ventures with follow on investment from Santa Monica-based Upfront Ventures and Aspect Ventures

Tinder Taps Former CBS Exec Lanzone as CEO

L.A. Business Journal

has named Jim Lanzone, the former president and chief executive of CBS Interactive, as the new chief executive of West Hollywood-based Tinder, effective Aug. Dating app owner Match Group Inc.

Tinder Sued by Former Communications Director

L.A. Business Journal

A former executive at West Hollywood headquartered dating app developer Tinder Inc. filed a lawsuit Monday alleging she was sexually assaulted by Gregory Blatt, the company's former CEO

Silicon Beach Report June 15: Scopely Raises $60 Million

L.A. Business Journal

Scopely raises $60 million, VentureDevs to open West Hollywood office, and tech startup HelloTech powers Altice service

Grindr Plans To Go Public Via SPAC Deal

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West Hollywood-based LGBTQ+ dating app developer Grindr said on Tuesday that it in a deal to go public, via a special purpose acquisition company (SPAC). According to the company, it plans to combine with Tiga Acquisition Corp., which trades on the NYSE as TINV. The company said the deal includes $284M from Tiga Acquisition Corp., and $1.6 billion in rollover equity, giving the combined company a post-transaction enterprise value of $2.1 billion.

Cedars-Sinai and Techstars Partner to Launch Healthcare Technology Accelerator

Tech Zulu Event

West Hollywood Mayor Lindsey P. “I’m thrilled about the launch of the Techstars Healthcare Accelerator, in partnership with Cedars-Sinai, in the City of West Hollywood,” Horvath said. Innovation is in our DNA in West Hollywood and this partnership is a great example of how West Hollywood is attracting and nurturing leading-edge approaches to the highest level of innovation.

Kunlun Group Limited Completes Acquisition of Grindr

L.A. Business Journal

Hong Kong-based mobile gaming company Kunlun Group Limited has closed on its purchase of the remaining stake of Grindr LLC, a gay men’s dating app located in West Hollywood’s Pacific Design Center, the companies announced Monday

Superjoi Takes $2.5M For Crowdfunding Creators

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West Hollywood-based Superjoi, a new startup which operates a service to help creators raise money from their fans for projects, disclosed today that it has raised $2.5M superjoi venture capital crowdfunding creator hollywoodin a pre-seed funding round. The funding included Ascension Ventures, QED Investors, Systema VC, Tomahawk and Modern Venture Partners. The startup is led by co-founder and CEO Chris Knight.

Saros Raises $7M for AI Effort in Finance Industry

L.A. Business Journal

Santa Monica-based Saros raised $7.055 million for its West Hollywood-based private firm that specializes in artificial intelligence in the financial industry, according to a filing with federal securities regulators

TZ Tech Crawl | Sunset Strip Edition

Tech Zulu Event

Silicon Beach is expanding from the westside to West Hollywood as entrepreneurs set up shop next to the stars. Who: Our featured venues currently include: Adler Integrated , twtMob , and Startup Minds with an after party at On The Rox, the Roxy Theatre’s intimate upstairs venue housing some of Hollywood’s hottest parties. . Newsflash: The famous Sunset Strip isn’t just for musicians and celebrities anymore! That’s right.

Canvassing of Art Website Yields $36 Million Deal

L.A. Business Journal

Israeli web development company Wix said last week that it had purchased popular West Hollywood-based online artist platform DeviantArt for $36 million, including $3 million in assumed debt

Silicon Beach Report Aug. 8: Walt Disney to Acquire Stake in MLB Streaming Platform for $1B

L.A. Business Journal

Walt Disney to acquire stake in MLB streaming platform for $1 billion, SpaceX Ships rocket to Texas for preliminary testing, West Hollywood’s Opinit acquired by Canadian app developer, and more

LaserAway Snags Private Equity Investment

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West Hollywood-based LaserAway, an aesthetic dermatology business which offers laser hair removal, laser tattoo removal, laser skin rejuvenation services via a series of clinics, has scored private equity funding. According to the company, it raised funding from the Private Equity Group of Ares Management Corporation. Financial details of the deal were not announced. LaserAway was advised by Jeffries LLC with legal counsel. O'Melveny & Myers LLP and Buchalter.

Equity 100

Dear Media Finds $8M

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West Hollywood-based Dear Media , which is developing a podcasting network focused on female voices, said on Thursday that it has raised $8M in a funding round. The funding came from private equity investor Magnet Companies. Dear Media is led by CEO Michael Bosstick, and the company was co-founded with Raina Penchansky. The company is focused on millennial and Gen-Z women. READ MORE>>. dear media podcasting female venture capital investment magnet

Oro Debuts New Ecommerce Marketplace Software

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West Hollywood-based Oro, Inc., a developer of e-commerce software, says it has launched a new product, OroMarketplace. The new software is aimed at the B2B marketplace market. The company says the new software lets sellers to rapidly implement B2B, B2C, B2G, franchise network ordering, services procurement, bookings/appointments, and physical goods marketplaces. Oro says its new marketplace tool is already powering such marketplaces as SupplyCore, a supplier for U.S.

Casa Verde Capital Raises $45M Investment Fund

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West Hollywood-based Casa Verde Capital said this week that it has raised $45M in its debut, investment fund, which will specifically invest in the "ancillary cannabis" industry. The venture capital firm--whose founders include Calvin Broadus (aka Snoop Dogg)--said it will specifically invest in agtech, health & wellness, financial services, technology, media, compliance and laboratory technology related to the legal cannabis industry.

Invest 186

Assembled Brands, Oaktree Capital Put $50M Into Win Brands Group

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West Hollywood-based Assembled Brands, which provides capital to consumer brands companies, said it has put together a $50M transaction to support Win Brands Group to pursue M&A transactions in the consumer product goods and direct-to-consumer space.

StartEngine Powers $250M ICO For Overstock.com's tZERO

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West Hollywood-based equity crowdfunding site StartEngine says it is powering a $250M, "initial coin offering" (ICO) for Overstock.com and its t0.com, Inc. tZERO) subsidiary. According to StartEngine, tZERO is raising $250M in its ICO. StartEngine said the ICO is the first regulated ICO on its platform. READ MORE>>. startengine overstock tzero equity crowdfunding finance

FabFitFun Names VP of Engineering

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West Hollywood-based FabFitFun , the women's lifestyle brand, said it has named Chris Henley as Vice President of Engineering. Henley was previously CTO of personalized nutrition startup Habit, and also served at Athos, Learnist (Grockit), PlaySay, Roost, SGN, Apptis, AP Systems, and Hughes Network Systems. READ MORE>>. fabfitfun engineering chris henley executive

C3 Links With Robot Delivery Service Coco

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According to C3, it is now delivering food from its virtual restaurant brands within two miles of its kitchens on Broadway and Main Street in Santa Monica, The Grove in West Hollywood, and in Los Feliz. Los Angeles-based C3 (Creating Culinary Communities), the "ghost kitchen" company founded by Sam Nazarian, said it is partnering with robot delivery service Coco.

LiveXLive Names Head of Product

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West Hollywood-based a href="[link] , which provides a number of live streaming and other products focused on live entertainment--and also runs Slacker Radio--has named Tad Ro as Head of Product. Ro previously has worked for such companies as Verizon Digital Media, TMZ, Virgin Mobile, Spin Media and Rhapsody. LiveXLive said Ro will lead product management and expand its product offerings. He was most recently Director of Product Management at Verizon Digital Media Services.

Ticketmaster To Sell Tickets Via Facebook

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West Hollywood-based Ticketmaster is getting set to start selling tickets directly within Facebook by the end of the month, according to reports. The company said the move will provide a more seamless purchase experience , and ultimately sell more tickets, particularly around events. READ MORE>>. tickemaster facebook ticketing sales ecommerce

Modern Animal Snags $75.5M For Veterinary Care

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The company currently has one pet clinic, in West Hollywood, in addition to "virtual" service. Los Angeles-based Modern Animal, a new startup which offers up veterinary care, has raised $75.5M in funding. The company is developing what it calls a "modern" veterinary clinic. The funding included both a $35.5M Series A funding, led by True Ventures, and a $40M Series B funding led by Founders Fund. The funding also included Upfront Ventures.

Hutch Raises $10M Funding From Zillow

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West Hollywood-based Hutch , the home interior design app developer led by Beatrice Fischel-Bock, has raised a $10M round of funding from Zillow Group , the company said this morning. Hutch, lets users take a picture of room us‌ing its mobile app, and lets users apply "filters" on how they might redecorate the space. As part of the funding, Zillow's Spencer Rascoff joins the company's board. READ MORE>>. hutch zillow venture capital home interior design

Capsule Launches Digital Pharmacy In LA

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million residents across Los Angeles County and Orange County, with its pharmacy located in West Hollywood. Capsule--a well funded, venture funded startup with more than $270M in funding and backing from TCV, Thrive Capital, and Glade Brook Capital, as well as local investors M13 and Ashton Kutcher's Sound Ventures--has expanded into Los Angeles, part of a big expansion push by the company. According to the company, it will offer up its digital pharmacy services to 13.2

Report: Backstage Capital Shifting To Accelerator Model After Fundraising Issues

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West Hollywood-based venture investment firm Backstage Capital is shifting entirely to an accelerator model, according to reports today, after failing to raise a new, $36M venture capital fund. The report--from Axios--said the fund is now entirely focused on its accelerator, Backstage Studio, and also has been cutting staff. Backstage Capital focuses on focuses on minorities, including women, People of Color, and LGBT founders.

Namesake Bolsters Technical Team

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West Hollywood-based Namesake , the real-time, conversation and community site founded by Brian Norgard and Daniel Gould, has started expanding its team, saying today that it has hired Jeff Potter to head up development and operations at the startup.

LiveXLive's Slacker Connects With Amazon Alexa

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West Hollywood-based LiveXLive Media , the parent firm of online radio streaming service Slacker Radio , says that Slacker has launched its own Amazon Alexa "Skill" to enable voice control of its streaming music services. According to LiveXLive, the skill allows Slacker to be controlled from all Alexa-enabled devices, including Echo Dot, Amazon Tap and Amazon Fire TV. LiveXLive says it has more than one million monthly active users using its Slacker Radio service.

FabFitFun Debuts Interactive, Live Programming

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West Hollywood-based FabFitFun is launching new, interactive, live programming, behind the company's women's lifestyle brand, intended to help showcase its products, including beauty demonstrations, DIY projects, and a gameshow, the company said on Monday.

Grindr Launching Digital Magazine, INTO

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INTO has a big, invite-only launch party tonight in West Hollywood. Los Angeles-based social networking site Grindr , which serves the "gay, bi, curious and queer" market, is launching a new online, digital magazine called INTO today. According to Grindr, the new digital magazine is looking to fill a gap in the media landscape, with content that appeals to young, LGBTQ+ millennials.

Citysearch Launches Annual Business Ranking Polls

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West Hollywood-based Citysearch said Tuesday afternoon that it has begun taking user input and polls for its "Best of Citysearch" award, which ranks the best local businesses on its site. The firm said that users can vote on different kind of businesses, ranking from such categories as vintage shops, menswear, kids shops, jewelry, and more in the site's top 10 cities. READ MORE>>. citysearch user voting business ranking poll

LiveXLive Signs Streaming Deal With Life Is Beautiful Festival

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West Hollywood-based LiveXLive Media , the parent company of Slacker and provider of digital media services focused on live entertainment, said today that it has signed a multi-year agreement with the Life is Beautiful Music & Art Festival.

LiveXLive's Slacker Launches Social Media Influencer Station

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West Hollywood-based LiveXLive Media , the parent company of Slacker Radio , said today that Heard Well , a record label which is "powered by social tastemakers", will launch a new station on its platform. The new station will be hosted by "social influencers" and focus on spotlighting emerging artists from the online creator comunity. Heard Well was founded by Jeremy Wineberg, Andrew Graham, and Connor Franta.

FabFitFun Creates Box Centered Around Pinterest 100

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West Hollywood-based women's lifestyle brand FabFitFun.com is rolling out its own, product "box", the Pinterest Box, which will deliver products based on the most popular Pinterest beauty, style, wellness, and food trends, the company said today.

Snoop Dogg's Casa Verde Capital Funds Green Bits

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West Hollywood-based Casa Verde Capital , the new, $45M investment fund run by rapper Snoop Dogg, is one of the investors in a software developer developing code for running cannabis businesses. Green Bits , which focuses on compliance for cannabis dispensaries and retailers, said it raised $17M in a Series A funding, led by Tiger Global, and also included Snoop Dogg's Casa Verde Capital.