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Privlo Raises $2.1M For Private Mortgage Marketplace

socalTECH

In some what-did-our-spam filter eat-recently funding news, Santa Monica-based Privlo recently raised $2.1M in a seed funding round, for its online marketplace for private mortgage loans. Privlo, which was founded by Michael Slavin, said the new funding came from QED Ventures. READ MORE>>.

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Demand Media Buys Saatchi Art, Appoints Sean Moriarty As CEO

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Santa MOnica-based Demand Media made a surprise move this morning, saying it has appointed former Ticketmaster CEO Sean Moriarty as its new CEO--and also acquiring Moriarty''s startup, Saatchi Art. He also has served at IAC/Citysearch, prior to headin gup Ticketmaster. to $1M per quarter to the company. READ MORE>>.

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ZipRecruiter Launches Job Posting Site

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Santa Monica-based ZipRecruiter , a new startup focused on the online job board market, said that it has launched its service this week. The site had been running in a closed beta for the last three months. The site had been running in a closed beta for the last three months. READ MORE>>.

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Catalyzing Innovation In Pasadena, with Innovate Pasadena

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It started around a year ago, as I was driving back from Santa Monica from an event. I thought, it''s great what is going on in Santa Monica, but it''s very hard to be part of the same community, given how far apart the cities are. So, I thought I''d see if there was an interest here to active a community in town.

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Edmunds.com Settles Suit Over Fake Member Accounts

socalTECH

Santa Monica-based Edmunds.com , the provider of car shopping and auto information, reported Wednesday that it has settled a lawsuit against Humankind Design Ltd. and Citysearch, who had been targeted by Humankind, to help those companies determine if they need to take action to protect their own consumers.

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GRP Partners Raises New $200M Fund, Becomes Upfront Ventures

socalTECH

The 17-year old firm, which also said it will open up a brand new home at the center of Silicon Beach, signing a 10-year lease for a space on 7th Street in Santa Monica.

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Want to Start a Technology Company in LA?

Both Sides of the Table

We were also an investor in the early local listing company, CitySearch – an LA company. DemandMedia has already scaled a tech team to a considerable size in Santa Monica. My commute, for example, from Santa Monica to Century City is less than 15 minutes each way and I never have to take the freeway.

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