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NXCR, Led By Scott Painter, Scores $30M In Seed Funding

socalTECH

Los Angeles-based NXCR, a new, subscription car startup led by automotive startup veteran Scott Painter, has raised $30M in a seed funding, based on an internal employee email obtained by socaltech. According to the email from Painter, the funding is the company's first external equity financing.

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What’s Really Going on in the VC Industry? What Does it Mean for Startups?

Both Sides of the Table

So even within the “alternative class&# our LPs are looking at other asset investment choices such as distressed buyout funds, private equity or hedge funds. This means that some funds will disappea r – Returns are not even. The top quartile funds have performed well. VC will shrink. Oh yes it will.

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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.

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Accelerators: a recent and positive trend

Berkonomics

Accelerators are organizations that selectively accept entrepreneurs into a program of intense coaching in a physical environment sponsored by the accelerator that also provides seed funds for the startup to begin its business. Are you a candidate for an accelerator? Raising money Surrounding yourself with talent'

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Startup Boost Targets Los Angeles With Pre-Accelerator Program

socalTECH

Do you have a startup idea, and a team, but no seed funding, and are even too early for an early stage startup accelerator? The program said it is free to companies who are participating, and also does not take any equity in companies who participate in the program--neither does it invest in those companies.

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This Week in VC with Rick Smith of Crosscut Ventures

Both Sides of the Table

Heck, stick around and watch me discuss the seed funding debate that is going on right now and what is happening in the VC industry overall. Convertible debt is a loan to the company that doesn’t typically get paid back but rather “converts&# into equity when you raise a larger round at a later date.

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Fika Ventures raises $76M to fund the growing LA tech ecosystem

TechCrunch LA

So far this year, companies headquartered in the area have attracted roughly $25 billion in equity funding, according to data collected by PitchBook. The timing is ripe for a fund like ours to capitalize on the opportunity.” News of Fika’s second effort comes as investment in LA tech continues to reach record highs.

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