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LA’s consumer goods rental service, Joymode, sells to the NYC retail investment firm, XRC Labs

TechCrunch LA

After raising $15 million in financing from one of technology’s most successful global investment firms, the Los Angeles-based consumer goods rental company Joymode is selling itself to an early-stage retail investment firm out of New York, XRC Labs.

Invest 263
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Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. Hyundai Motor Group has committed to invest $87 billion over the next five years.

Startup 310
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Clutter Collects $200M More For On-Demand Storage

socalTECH

Culver City-based Clutter , which offers up "on-demand" self storage of your extra stuff, has raised $200M in a Series D funding, the company announced on Wednesday morning. As part of the new investment round, it has added Justin Wilson of SoftBank Investment Advisors to the board. The company's co-founder and CEO is Ari Mir.

Demand 113
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Flying taxi startup Blade is helping Silicon Valley CEOs bypass traffic

TechCrunch LA

One year after a $38 million Series B valued on-demand aviation startup Blade at $140 million, the company has begun taxiing the Bay Area’s elite. — Tyler Babin (@Tyler_Babin) March 11, 2019. Uber too has lofty plans to develop a consumer aerial ridesharing business , as do several other privately-funded startups.

Van Nuys 279
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Sundae snags $36M to build out its distressed property marketplace

TechCrunch LA

He did note that in the four markets where the company has gone live since launching its business in January 2019 — San Diego, Los Angeles, the Inland Empire , and Sacramento — has yielded an annualized revenue run rate of over $400 million in gross merchandise value (the total value of home sales transacted on its platform).

Sales 282
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Just raises $8M in its effort to beat Root at the car insurance game

TechCrunch LA

CrossCut Ventures, ManchesterStory and Western Technology Investments co-led the investment, which brings its total raised to $15.3 million since its January 2019 inception. Also, with so many people shifting to working from home over the last year, Just says it has seen increased demand this year.

Startup 203
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GM exits car-sharing business and shuts down Maven

TechCrunch LA

A wave of other initiative and investments were announced in 2016 that showed GM’s shift in interest toward unconventional transportation businesses that were adjacent to its core business of producing, selling and financing cars, trucks and SUVs to consumers.