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Venice, California-based startup incubator Amplify LA , the startup accelerator headed by Paul Bricault and Richard Wolpert, disclosed today that it has raised $8M in a second investmentfund for its companies. READ MORE>>. capital venture startup incubator angeles amplify'
I am super excited to announce that today is a day of lots of new things for my partners & me: A new fund, a new office and a new brand. Let’s start with the fund. We have previously raised funds in 1996 ($200 million), 2000 ($400 million) and 2008/9 ($200 million). This month we closed our 4th fund of $200 million.
Venice-based Amplify recently close a third, early stage investmentfund of $10M, as part of its efforts to accelerate startups in the Los Angeles area. Amplify, which operates its own startup accelerator in Venice, had previously been investing $12.6M raised in its prior two funds. READ MORE>>.
Venice-based Snapchat is in the midst of raising a new round of funding, led by storied venture capital investor Kleiner Perkins Caufield & Byers, which valued the company at close to $10 billion, according to a report. snapchat venture capital rumor valuation kpcb investment messaging social networking' READ MORE>>.
Venice, California-based startup accelerator Amplify.LA is in the midst of raising a new fund, Amplify.LA The filing lists Paul Bricault and Oded Noy as Managing Members of the new fund. in three earlier funds, all for investing in the various startups which it puts through its programs in Venice.
The company said the new funding includes $1.25M in new capital, plus a $1M convertible note from last year. Tapiture said the new funds will go towards growth, towards international expansion, and to help build merchant partnerships. tapiture venture capital angel investment social sharing photos products style' READ MORE>>.
A move to more urban environments (SF over SV, Cambridge over Waltham, London over Thames Valley, Santa Monica / Venice, Flatiron and so forth) as basically young people want to live where young people want to live. So the startup work moves to where the startup founders live and not vice versa. What Does a City Need to Compete?
Venice, California-based venture capital investor Fifth Wall says it has made a $135M investment in San Francisco-based real estate sales startup Opendoor , as part of a combined equity and debt funding. The funding came as part of Opendoor's Series D funding round.
Los Angeles-based CrossCut Ventures , the venture firm run by Rick Smith, Brian Garrett, Brett Brewer, and Clinton Foy, is announcing this morning that it has raised a big new fund-- CrossCut 4 --worth $125M. According to CrossCut, the new fund was targeted at $100M, but was highly oversubscribed, even beyond the fund's hard cap at $125M.
Venice, California-basd Epoxy --which was built by former executive from Team Downey--has launched a brand new set of tools aimed at helping online video creators use social media, and also disclosed a funding round. The company did not provide other details on the funding round. READ MORE>>.
NextSpace operates two locations in Southern California, including NextSpace @ Amplify along Venice Beach, and NextSpace Los Angeles. The investment came from a Chicago real estate and private equity investor, Lakewest, along with angels.
Venice, California-based venture capital investmentfund Fifth Wall Ventures , has just received a sizeable commit into its second fund, Fifth Wall Ventures II , according to a regulatory filing by the company. raised out of a $500M targeted fund size, up from an earlier $100M in raised for the fund in June of 2018.
Venice, California-based startup accelerator Amplify.LA reports that seed funding in Q1 of 2017 dropped precipitously, falling 42.2 percent from Q4 of 2016, and 43.8 percent, Year-over-Year. raised, from $2.8M in the prior quarter. raised, from $2.8M in the prior quarter.
Venice-based Movieclips , the online movie clips site and content site founded by Zach James and Richard Raddon, said today that it has raised $18.9M in a Series C funding round, and has rebranded itself as ZEFR. The new funding round was led by U.S. John Hald of USVP joins the company's board with the funding.
in venture capital investments in Q2 2013 across Southern California, spread across 80 deals. Those numbers reflected a drop from Q2 of last year, when there was $868.98M in investments across 97 deals. However, venture dollars invested were above Q1, when Southern California saw $569.1M in investments across 90 deals.
To that end, Venice-based Epoxy announced this morning that it has raised $2M in a funding round, to help build out its product suite to help grow, engage, and monetize online video channels. According to Epoxy, the new funding will go to expand its engineering team and build out its products.
A few years later they announced $150 million in a funding round at $1 billion+ valuation and are ramping up jobs to secure their market-leading position. But I know with local funding and local support that’s certainly less likely. I often point out the story of when we raised our fourth fund a few years ago.
Venice, California-based Riot Ventures , led by Stephan Marcus and William Coffield, has launched an effort to raise $75M for its second venture capital fund, the firm disclosed this week in a regulatory filing. READ MORE>>.
Venice, California-based Snapchat has raised an enormous, $485.6M funding round, according to a regulatory filing from the company on New Year''s Eve. Details on the funding have not yet been announced by the company. According to the filing, the funding came from 23 investors, and the first sale in the round was in April.
Venice, California-based Snapchat is in discussions with Saudi Arabian Prince Alwaleed bin Talal, over possible future funding for the company, according to the Prince''s investment firm, Kingdom Holding Company. Kingdom Holding Company did not reveal any other details of the possible investment. READ MORE>>.
Venice, California-based Amplify.LA, the startup incubator and investor led by Paul Bricault and Oded Noy, has launched an effort to raise $50M in a new venture capital investmentfund, Amplify.LA As is usual with venture funds, no details have yet been announced by Amplify.LA Amplify.LA
Wallach on investments out of a new fund, Inevitable Ventures. How did you end up here in Los Angeles doing investments? Coincidentally, that was the exact same time in 2009 when I moved out, when Ashton Kutcher started first investing. Ron chose me to manage those investments. Chris Hollod: For sure.
Venice, California-based Snapchat has raised $1.8 billion in its Series F funding round, according to a regulatory filing by the firm this morning, in what might be the largest funding round ever for a Southern California startup. Details on the round have not been announced. READ MORE>>.
I’ve been meeting with LPs (those who invest in VC funds) over the past year and discussing trends I see in the market and where I think we need to be as a firm to be near to and meet the needs of our customers. These days it’s Santa Monica and Venice. And it’s not just the movement from Palo Alto to San Francisco.
Venice-based Snapchat is looking to raise at much as $500M in a new round of funding, currently valuing the company as high as $19 billion, according to a report from Bloomberg last night. snapchat venture capital investment instant social messaging rumor' READ MORE>>. READ MORE>>.
Venice Beach-based Amplify , a new startup accelerator headed by Paul Bricault and Richard Wolpert, has uncloaked itself this morning, the latest in a string of startup accelerators in Southern California. Bricault is a Venture Partner at Greycroft Partners, and Wolpert was most recently at the Mailroom fund.
Venice-based Snapchat has raised $537.6M more--part of an ongoing $650M funding round--as the instant messaging app developer continues to break Southern California records in both total funding and valuation. Snapchat has now raised north of $1.15 billion. billion raised), and much more successful SpaceX ($1.2
in a Series A funding. As part of the funding, the company said that David Pakman of Venrock joins the company's board of directors. Dollar Shave Club is based in Venice. Dollar Shave Club , the subscription razor delivery service headed by Michael Dubin, has raised $9.8M READ MORE>>.
venice-based Stackin' , a startup which helps consumers start saving and making investments, has raised $4.0M in a funding round, according to a regulatory filing from the company this week. Details on the funding have not yet been announced.
Venice, California-base CrossCut Ventures , one of the region's earliest believers in the potential of Silicon Beach startups, has raised a new, $75M fund, the firm announced this morning. Managing Directors of the new fund are Rick Smith, Brett Brewer, and Brian Garrett, along with new addition Clinton Foy. READ MORE>>.
Venice-based instant messaging app maker Snapchat has raised another $175M in funding , according to the WSJ this morning, from Fidelity Investments. According to the report, the new funding values Snapchat at $16 billion, the same valuation as the company's last funding injection. billion in funding.
Santa Monica-based Bird , which operates a network of "last mile" electric vehicles for connecting users with public transportation like buses and subways, has raised $100M in a Series B funding, the company said on Friday. As part of the funding, Bird said it has named angel and venture investment veteran Paige Craig as its new Head of U.S.
Investments in two local, Mojave-based companies-- Virgin Galactic and Virgin Orbit --are on hold this week, after the mysterious disappearance--and suspected murder==of journalist Jamal Khashoggi last week. Khashoggi, a journalist based in the U.S. and working for the Washington Post. percent--back in August.
The announcement of the new service came in conjunction with a strategic investment from BMW, from BMW i Ventures. In fact, at least two of ZIRX's initial customers for the on-demand parking--Live Nation and Insomiac--are in the LA area.
Venice, California- and Helsinki, Finland-based mobile game developer Seriously , the developer behind the title Best Fiends , has raised $18M in a venture funding round, the company said this morning. Seriously said it has now raised $28M in funding. Seriously said it has now raised $28M in funding. READ MORE>>.
Venice-based Gem , the blockchain security and technology developer led by Micah Winkelspecht, said Wednesday that it has raised $7.1M in its Series A funding. The funding was led by Pelion Venture Partners, and also included KEC Ventures, Blockchain Capital, Digital Currency Group, RRE Ventures and others. READ MORE>>.
The most unusual benificiary of the huge IPO of Venice, California-based Snap Inc. this week appears to be a Silicon Valley high school, which made $24M for its investment in Snapchat. Mountain View-based St. Francis High School apparently sold 1.4 million shares of its stock as part of the IPO, out of 2.1 READ MORE>>.
Venice, California-based venture investor Fifth Wall Ventures , which invests in real estate technology, has raised nearly $3.5M in a Special Purpose Vehicle (SPV)--like as part of an investment in another company--according to a regulatory filing from the firm this morning. Fifth Wall Ventures SPV XIX, L.P.,
” I hear it when I visit LPs (the people who invest in VCs) all across the country, “Yeah, I haven’t been out there for a few years but I keep hearing that something is going on there.” Both are massively funding other LA tech companies through what Fred Wilson once defined as “recycled capital.”
Venice, California-based Snap Inc. , The new accelerator says it will invest $120,000 in funding in comapnies in the accelerator for up to 6 percent equity, with a 100 day program to be held at R/GA's New York offices.
The boost in funding came despite a lower overall deal count, with 89 funding deals in Q2, versus 97 in Q1. The big numbers were directly impacted by several large fundings in Southern California--most notably, a giant, $1.27 billion round for Venice based Snapchat. Nationally, venture capitalists invested $15.3
To hear about the firm's interest in Los Angeles, and Southern California investments in general, we spoke with Fouad ElNaggar , Principal at the firm, to hear about where the firm is nowadays and what kind of investments it is making locally. We can also write checks as large as $35M out of the Omega Fund.
Venice-based Snap Inc. , Saudi Arabian Price Al-Waleed Talal said on Tuesday that he has invested $250M in Snap, taking a 2.3 The investment injection comes as Snap announced its Q2 results, where the company reported a net loss of $353.3M percent stake in the company. READ MORE>>.
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