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Los Angeles-based DollarShaveClub , the subscription e-commerce startup led by Michael Dubin, has raised $50M in a Series C funding round, the company disclosed this morning. The funding came from Technology Crossover Ventures. DollarShaveClub has now raised $72.8M in total funding.
Michael Dubin has just one goal with his new startup: to totally disrupt the razor blade industry. The new startup, which spawned out of the walls of Science Inc., Dubin told socalTECH that the new startup is aimed at reducing the hugely expensive cost of brand name razor blades, and will supply both men and women with its products.
the startup incubator headed by former MySpace CEO Mike Jones, is reportedly raising another $30M in funding to put towards its startups. According to a report this morning, the fund will also invest in non-Science incubated startups. science myspace scienceinc venture capital fundfunding'
Los Angeles-based DollarShaveClub , the subscription razor delivery startup led by Michael Dubin, has upped its latest funding round to $90.7M, and is aiming at raising over $100M, according to a regulatory filing by the company. Details on the additional funding in the round were not annoucned.
In another, stunning exit for Southern California's technology startup community, Los Angeles-based DollarShaveClub has been acquired from a reported $1 billion by Unilever. DollarShaveClub operates a subscription, razor and toiletries accessory business targeted at men. READ MORE>>.
Postie , a new Los Angeles-based startup, has a vision for the future of advertising and marketing — and it’s direct mail. Unilever buys DollarShaveClub for reported $1B value. They aren’t the only ones. Postie has raised $3.5
The DollarShaveClub is a new startup that solves a simple but overlooked problem; disposable razor blades are overpriced. DollarShaveClub is a online service that delivers high quality disposable razor blades for a low price. What was your motivation to start the service?
Neighborgoods , a company which is looking to create a "new type a department store", has received $5.75M in a funding, which included both CAA Ventures, the venture arm of the Creative Artists Agency, as well as DollarShaveClub founder Michael Dubin. The startup is led by CEO Matt Alexander. READ MORE>>.
One of the hottest segments in Silicon Valley over the last few months has been restaurant delivery services, which are delivering gourmet and other meals to local startups, companies, and homes all over the Bay Area. Eat Club is backed by Trinity Ventures, and disclosed a $10M funding last week--in part, to expand its service to Los Angeles.
There's been a lot of talk about the boom in Southern California's startup world. Driven by success in the sector, accelerators, serial entrepreneurs, and more, there are more startupsstarting and relocating here than ever. being funded. 500 Startups. Siemer Ventures. Number of deals: 12.
Pasadena-based Calibrate Ventures , a brand new venture capital firm founded by Kevin Dunlap and Jason Schoettler, announced on Tuesday morning that it has raised $80M in its very first venture capital fund, Calibrate Ventures, L.P.
Santa Monica-based startup studio Science Inc. founded by Michael Jones, Peter Pham, Gregory Gilman, and Tom Dare, appears to be launching efforts to raise a new fund. The firm already has an existing venture capital fund which invests in its portfolio companies. READ MORE>>.
Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position.
Los Angeles-based Postie , a new startup focused on using machine learning and "quant marketing" to direct mail, said on Tuesday that it has raised $3.5M in a seed funding. The funding was led by Bonfire Ventures and Crosscut Ventures. working on such companies as DollarShaveClub, DogVacay, MeUndies, Famebit and Hello Society.
What's the latest startup to launch of out Santa Monica-based business "studio" Science Inc. , That would be appear to be Gumhouse , which just raised $6M in a funding round, from such venture firms as Polaris Ventures, Science Inc. sites, by Tweeting deals to WittleBee, Uncovet, DollarShaveClub, and a number of other Science Inc.
Kevin Winston , is the organizer of Digital LA , the popular and widely attended networking organization for the Los Angeles startup, web, movie, music, marketing, and social media community. The accelerators have several success stories already in under a year including PageWoo, Invested.In, Look.io, DollarShaveClub, and many more.
in a funding round, which came from Maveron, Forerunner Ventures, and CAA Ventures. The Creative Artists Agency created a new venture capital fund--CAA Ventures I--in 2013, however, has been fairly quiet about the group''s activities. San Francisco-based Darby Smart said this morning that it has raised $6.3M READ MORE>>.
Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA. Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA.
Brian Lee, CEO and Founder of The Honest Company, which has raised $222 million in VC funding. Mike Jones, Founder of Science, which has invested in some of LAs top startups, like DollarShaveClub. Adam Goldenberg, CEO and Founder of JustFab, an online subscription fashion thats raised $249 million in financing.
Los Angeles based startup incubator/studio Science --which is behind such local startups as DollarShaveClub and DogVacay--has quietly raised $20M in a debt financing round, according to the companies. According to Fortune, the funding came from private equity investor Silver Lake Waterman. READ MORE>>.
Los Angeles-based Retina, a startup that is using artificial intelligence for predicting customer lifetime value, said on Tuesday tht it has raised $8M in a Series A funding round. The funding came from Alpha Intelligence Capital and Vertical Venture Partners. Retina is led by co-founder and CEO Emad Hasan.
in a seed funding round. The funding came from angels, including Nancy Tellem (Executive Chairman, Eko Studios and former President of CBS Network Television Group), Daniel Murray (CFO DollarShaveClub), Angela Mathes (Entrepreneur & former President, ABC Daytime TV) and Kent Wakeford (COO & Board Member KSV esports).
Los Angeles Mayor Eric Garcetti --who may be looking to a Presidential run in 2020--is launching a new nonprofit which looks to take his pro-innovation and pro-startup approach in Los Angeles, and takes it nationwide. Garcetti has started a new nonprofit, Accelerator for America , which will help fund "innovation investments" around the U.S.
Are you a startup looking to find funding in Southern California? It's often tough to figure exactly who the venture capital funds are who are fundingstartups in the area. However, for members of socaltech.com, it's a click away with our real time analysis of venture funding flows.
Los Angeles-based startup studio Science Inc. has backed a startup, Plows & Mowz offering up an on-demand marketplace for snow plowing and lawn care. in a funding round, which came from Science plus undisclosed angels. According to Plowz & Mowz, it has raised $1.5M since 2015. READ MORE>>.
Los Angeles-based PlayVS , which is developing eSports infrastructure centered around creating an official high school eSports league, has raised $15M in a Series A funding.
But one tech news story stood out for me — the fact that LA-based DollarShaveClub (DSC) was sold to Unilever for $1 billion. Michael has always impressed me since the days of the original launch video that was perhaps the best startup launch video of all time — 23 million views and counting. Congratulation.
I had a narrative in my head that I didn’t want to fund apps that would help husbands cheat on their wives or help kids send naked photos. Another firm funded them. My job as a VC isn’t to beat myself up or any other partner up for the one deal we didn’t do. Those that funded it deserve credit. Many seem plausible.
Silicon Beach Fest is gearing up to showcase the most promising startups and visionaries from across LA’s growing startup entertainment ecosystem. More than 150 speakers include top executives from local accelerators, venture capitalists, entertainment powerhouses, brands, and emerging and established start-ups.
This morning, we have Kevin Winston of Digital LA (www.digitalla.net), the organization which is LA's largest digital networking group and which is behind the Silicon Beach Fest, the first and largest tech, startup and entertainment conference in LA. Similarly, the LA tech scene had had hundreds of startups pop up over the past 5 years.
Billie, a direct-to-consumer seller of monthly shaving and body care products subscriptions, has raised $6 million in new funding. The New York-based startup, which launched in November, previously raised $2.5
Los Angeles-based Retina is using machine learning and artificial intelligence to figure out customer lifetime value (CLV) for such businesses as DollarShaveClub. How did you start the company? That's when I started my first company, ScaleFunder, which we spun out of the UC California system in 2012.
Crosscut Ventures has just announced their 3rd fund and clocking in at $75 million , which will be focused heavily on Los Angeles – FTW. LA has grown up a lot over the past 5 years. This week Michael Dubin’s startupDollarShaveClub announced a $75 million funding round at a rumored $650 million valuation.
Last week, Fika Ventures , LA's newest venture fund, announced its formation, led by tech investment veterans Tx Zhuo and Eva Ho. We sat down with Tx Zhuo to chat about the new fund, what investments it hopes to make, and what kind of entrepreneurs the fund is looking to invest in. Tell us a bit about the new fund?
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