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It seems Los Angeles is becoming an enterprise software hotspot. million from LA’s own venture fund, Upfront Ventures and a clutch of security experts. LA gets a big SaaS exit as Fastly nabs the CulverCity-based Signal Sciences for $775M.
FactoryFour , a startup which developing software to enable custom production of industrial goods, has raised $5M in a Series A funding, and set up shop in CulverCity. The startup's Series A funding was led by August Capital, and also included existing investor Refactor Capital.
The Tech Coast Angels , the largest angel investment group in Southern California, is part of a syndicate funding Pittsburgh-based Cognition Therapeutics , a drug discovery firm focused on Alzheimer's. in a Series A funding, led by Golden Seeds and including the Tech Coast Angels.
Los Angeles-based viral video company Jukin Media has raised a strategic funding round, for that company''s video entertainment network on YouTube, according to the company. The company says it has more than 40 employees in CulverCity. Jukin Media was founded by Jonathan Skogmo. READ MORE>>.
NextSpace , the co-working space developer which has locations in CulverCity and Venice, announced this morning that it has raised $825,000 more in a funding round, to go towards expansion in Northern California.
CulverCity-based Indi Molecular , a developer of synthetic replacements for antibodies, announced Tuesday that it has raised $300,000 more in its seed funding, bringing the total raised in the round to $1.8M. The new funding was led by InterWest Partners, and also included several un-named, angel investors.
Good Eggs , an online, local grocery delivery service which has been piloting its services in Los Angeles, has raised $8.5M in a funding round from Sequoia Capital, the company said Thursday. The company is based in San Francisco, and also has been piloting its service in Brooklyn and New Orleans. READ MORE>>.
According to the report, there was $472.15M invested in Los Angeles, $222.4M The biggest investments for the quarter were for CulverCity-based NantHealth , the digital health venture of billionaire Dr. Patrick Soon-Shiong, which raised $135M in a funding; El Segundo-based Prodege (aka Swagbucks), which raised $60.1M
Los Angeles has one more co-working space today, thanks to entrepreneur Jason Calacanis. Calacanis announced Thursday that he has started a new, co-working space called LAUNCH co-work , which will support a dozen startups in a 10,000+ square foot space in CulverCity.
CulverCity-based ThinkNear , a new startup focused on helping local merchants reach consumers with mobile, location-based ads, said today that it has raised $1.6M in a seed funding round. READ MORE>>.
CulverCity- and Seattle-based Indi Molecular , a startup developing a synthetic replacement for antibodies, has raised $1.5M in a seed funding round. The funding was led by InterWest Partners, and also included a number of un-named angel investors. READ MORE>>.
CulverCity-based Fullscreen , which operates a multi-channel youTube network, and is led by George Strompolos (formerly of YouTube/Google), has raised $30M in a new round of funding, according to reports today. The funding round reportedly values the company at $110M pre-money. READ MORE>>.
According to USC, the Chan Soon-Shiong Family Foundation, funded by Soon-Shiong and his wife, Michele B. Chan, will fund a professor at the intersection of engineering and medicine, specifically focused on computer science, mobile vision, or robotics. Exact amount of the endowment was not announced. READ MORE>>.
CulverCity-based Cognition Technologies , the developer of natural language processing technology software, has raised $200,000, as part of an ongoing $500,000 funding round, according to a recent regulatory filing by the firm. No details on the funding have been announced. Source of the new funding was not disclosed.
Four years and hundreds of long lines later, the truck is still there, but the company is taking on what co-founder Nile Dreiling calls “a stale $40 billion donut industry ” by expanding its presence into brick-and-mortar locations in Los Angeles after raising $9 million in financing.
Santa Monica-based Factual , the open dataset and API provider started by Gil Elbaz, announced this evening that it has raised $25M in a first round of funding. The funding was co-led by Andreessen Horowitz and Index Ventures, and also included Michael Ovitz and Ron Conway's SV Angelfund. READ MORE>>.
Los Angeles-based Prime Focus Technologies , a developer of ERP software for the media industry, says it has received its first round of funding from private equity investor Ambit Pragma. The company has a significant presence in India, with headquarters here in CulverCity. Size of the investment was not announced.
Los Angeles-based Privlo , a technology driven startup offering up mortgage loans to consumers, said this week that it has raised $350M in a debt financing round, along with $3.8M The equity funding came from Spark Capital and QED Investors; source of the debt funding was not announced. The company is led by Michael Slavin.
CulverCity-based MiTu , a developer of digital content for the Latino market, said today that it has raised $10M in a Series B funding round. The new funding was led by Upfront Ventures. The company''s other investors included The Chernin Group LLC (TCG), Allen DeBevoise (Machinima) and Advancit Capital. READ MORE>>.
CulverCity-based Omaze, which operates an online platform to help nonprofits raise money, said last week that it raised $85M in a Series C funding round. The company is led by co-founder and CEO Matt Pohlson.
CulverCity-based Encantos , a developer of family entertainment and education titles, has raised $2M in a seed funding round, the company announced this morning. The startup said it will use funding for its subscription services, which revolve around hands-on craft activities for pre-school and primarly school age children.
Venice, California-based Vetted , a new startup offering up on-demand, veterinary services at your home, has raised $3.47M in seed funding, the company disclosed this week. The funding came from Foundation Capital, Amplify LA, Sterling.VC, and ReImagined Ventures. READ MORE>>.
Los Angeles-based Harper Wilde , an online bra startup, has raised $2M in a seed funding round, the company said this week. The funding was led by Charles River Ventures (CRV). Harper Wilde was founded by Jenna Kerner and Jane Fisher, and has its offices in CulverCity.
CulverCity-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. According to Clutter, the Series D funding was led by SoftBank Vision Fund with participation from Sequoia, Atomico, GV, Fifth Wall and Four Rivers.
Brad Feld visited Los Angeles this past week. ” Many people on the Westside of Los Angeles are using the term Silicon Beach these days to describe the amazing renaissance that is truly happening here. Let my try those for Los Angeles as an example: Second largest city in America with 13 million people. downtown LA].
CulverCity-based Encantos , an edtech startup which helps kids with literacy, learning skills, and life skills, has raised $5.7M in a new funding round, the company announced this morning. Encantos said the new funds will go to accelerate its subscription services. Encantos last raised funding back in January.
Los Angeles-based Squeegy has recently launched into the market, with an on-demand, car wash service--currently serving the west side. The company is currently self funded. Tired of driving around a dusty, dirt encrusted car, but too darn busy to find a car wash? The startup is led by Andrew Davis. READ MORE>>.
Rinse , a San Francisco-based on-demand dry cleaning and laundry service, said Thursday that it is expanding it service to Los Angeles, after raising a $3.5M funding round.
His startup, CulverCity-based Hyphos , just launched an early beta access at UCLA--his alma mater, and that of a number of his co-founders--this week, so we thought we'd learn more about what drove him to quit his job, and start the company. Was that funding an angel or VC round?
These are companies like the recent Y Combinator graduates Homestead and Rent the Backyard and United Dwelling, which has just raised $10 million in funding from investors including Lightspeed Venture Partners and Alpha Edison. The CulverCity, Calif.-based “We go to the homeowner and say you have this property here.
I was then brought into a fund as an EIR, an Entrepreneur-in-Residence for Epic Ventures. At Amplify, I evolved into wanting to do a fund, and thought about doing a regular venture fund. I came back to Los Angeles at the request of Mike Jones and Peter Pham, to help get Science off the ground.
Here, we have the thoughts of Rob Freelen , Los Angeles Market Manager for Silicon Valley Bank (www.svb.com). Here are five exciting examples (in alphabetical order): Appetize, a cloud-based point-of-sale platform for large venues, recently raised funding from Shamrock Capital Advisors, the NFL and the Dodgers.
Be Great Partners , a Los Angeles technology incubator, has recently released a report on the startup community in LA and the information shows a positive growth for startups here in LA. Los Angeles is 3 rd in the global startup ecosystem, behind Tel Aviv and Silicon Valley. Los Angeles has a diverse area of startups.
Towards the end of last month, CulverCity-based ThinkNear (www.thinknear.com) announced a seed round of funding for its location-based mobile advertising service, with notable inclusion of such firms as IA Ventures, Google Ventures, Qualcomm Ventures, and others. The geography between New York and Los Angeles is very different.
SIGNIFICANCE PASSING-MENTION. --> Tech Titans Hit the Beach As Silicon Valley moguls go on a home-buying spree in Los Angeles, theyre reshaping the real-estate landscape. Tech entrepreneurs and executives from Silicon Valley are moving south and buying up luxury homes in the Los Angeles area. PERSON David Sacks PERSON|David Sacks.
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