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Report: Flipagram Looking For Buyer

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Los Angeles-based mobile app developer Flipagram is looking for a buyer, and may have found one, in Chinese news aggreagtor Toutiao , according to a report Thursday. Citing "multiple sources" close to the company, Recode said Flipagram is still discussing financial terms with Toutiao, but no deal has been signed. READ MORE>>.

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Flipagram Acquired By Chinese Company Toutiao

socalTECH

Los Angeles-based mobile video sharing and creation company Flipagram , let by Farhad Mohit, has beenacquired by Chinese company Toutiao , the companies said this morning. Toutiao said it will expand its footprint in the United States as a result of the deal, and will grow the Flipagram team.

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Flipagram Raises $70M For Photo, Video, and Music Sharing Apps

socalTECH

Los Angeles-based Flipagram , led by startup vetera Farhad Mohit, said late Thursday evening that it has raised $70M in a funding round, for its photo, video, and music sharing apps. As part of the funding Sequoia's Michael Moritz and Kleiner's John Doerr have both joined Flipagram's board of directors.

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Live.me Raises $50M In Series B From Bytedance

socalTECH

In the second big piece of news in Los Angeles from Chinese company Bytedance , Bytedance said on Friday that it will invest $50M in a Series B funding in Los Angeles-based Live.me , a developer of an online livestreaming service. Bytedance also bought LA's Flipagram earlier this year. READ MORE>>.

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Here's Who Is Funding Companies In Southern California Today

socalTECH

It's often tough to figure exactly who the venture capital funds are who are funding startups in the area. Here are the venture firms who have been most active in SoCal (Santa Babrara - Los Angeles - Orange County - San Diego) in the last twelve months, based on the number of deals: 1. Local exits: Maker Studios, Viddy, AwesomenessTV.

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Southern California Companies Raise $1.46B In VC In Q3 2015

socalTECH

Southern California has seen another, big venture capital investment quarter, with companies raising $1.46 Los Angeles led the region, with $693.0M Other big deals included in the survey were Flipagram (nearly $70M) and Yuneec ($60.0M). in 108 deals. raised across 51 deals, followed by San Diego, which had $433.8M in 31 deals.