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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, California-based StyleSaint , an online site which allows users to create their own collections of styles, photos, and other fashion information, has scored funding from Crosscut Ventures. Details on the funding have not yet been announced.
Venice-based social networking app developer Snapchat looks to be on the prowl for employees, based on a new recruiting video released onto YouTube by the company Wednesday morning. In the video, Snapchat''s employees -- of which there are 35 -- talk about working at Snapchat and in Venice. video embedded below). READ MORE>>.
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 investment fund for its companies. The funding came from such companies as Accel, Greycroft, Siemer Ventures, Karlin Ventures, Deep Fork Capital, and others.
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. 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.
Venice-based Snapchat is reportedly in talks with Alibaba for more funding, in a deal which values Snapchat at $10 billion. The report, from Bloomberg, did not say how much Snapchat is looking to raise from Alibaba. Bloomberg cited "people with knowledge of the situation." Neither companies have commented on the rumors. READ MORE>>.
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. READ MORE>>. tapiture venture capital angel investment social sharing photos products style'
Venice, California-based Robin Games , a startup that is developing mobile games aimed at women, has raised $7M in a seed funding round, the company said on Thursday.
Bombd , a startup which develops a social networking and messaging app revolving around sharing instant photos with others, has set up shop in Venice Beach. The startup--originally started in Australia--said its team and founders have moved to Venice Beach to scale the app in the U.S., and that it has begun hiring a team here.
Venice-based ZEFR said Thursday that it has named a new set of VPs. Venture Partners, Shasta Ventures, First Round Capital and Richmond Park Partners; the company recently raised $30M in a funding round. ZEFR is venture backed by Institutional Venture Partners (IVP), U.S. READ MORE>>. zefr brand executive machinima'
Venice-based Amplify recently close a third, early stage investment fund 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, California-based comedy startup Laffster said this morning that it has raised $750,000 in a funding round, which came from Greylock Partners, Howard Lindzon, Adam Nash (LinkedIn), Chris Williams (Maker Studios), Samer Hamadeh (Vault.com), Christopher Grey (CapLinked), Sonny Singh (Jumio), and The Paradigm Agency, along with others.
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-based Briabe Media , a mobile marketing firm targeting Hispanic, African, and Asian American consumers, said today that it has raised more than $2M in funding. According to Briabe, the funding also includes a joint venture between the company and Stochasto Holdings AS.
Venice, California-based venture capital investment fund 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.
Miso Media is located in Venice, and was founded by Aviv Grill ; the firm's investors include Aria Ventures , Detroit Ventures Partners , Google Ventures , Mind Fund , and Keith Rabois , among others. Earbits is in Venice, and is headed by Joey Flores. Music Mastermind. Are we missing your favorite local, music-focused startup?
NextSpace operates two locations in Southern California, including NextSpace @ Amplify along Venice Beach, and NextSpace Los Angeles. According to NextSpace, its first expansion outside California comes via the acquisition of a coworking operator called The Coop.
Los Angeles-based Club W , the subscription wine club service out of the Amplify accelerator in Venice, disclosed today that it has raised $3.1M in a Series A funding round. Adam Goldenberg joins the company's board as part of the funding.
Paul Bricault is Managing Partner at Amplify LA (Www.amplify.la), a hands-on startup accelerator and co-working and community space in Venice. He's also a Venture Partner at venture capital firm Greycroft Partners, and is EVP and a member of the Board of Directors at William Morris Agency, and was Founder of the Mailroom Fund.
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>>.
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. READ MORE>>.
NextSpace , the co-working space developer which has locations in Culver City and Venice, announced this morning that it has raised $825,000 more in a funding round, to go towards expansion in Northern California.
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>>.
Venice-based photo messaging service Snapchat is reportedly raising $100M in funding, at a valuation of half a billion dollars, according to a report Friday. Snapchat--which operates a mobile photo messaging service which is very popular with the teenage set--is backed by Benchmark Capital, and had previously raised $12.5M 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 Fifth Wall Ventures , a brand new venture capital firm focused on investing in real estate technology, announced this week that it has raised a new, $212M venture capital fund.
Venice, California-based Snapchat , the developer of the popular social media app, has added $4.5M in venture funding--and three new investors--as part of its Series C funding round, according to a regulatory filing by the company today. Details on the new funding were not announced by the company. READ MORE>>.
Amplify , the startup accelerator program being run by Paul Bricault in Venice Beach, has tied with a cloud computing provider, Joyent , the two said this morning. Amplify has a 10,000 square foot office in the Venice Beach area, and also offers up to $50,000 in startup funding to its companies. READ MORE>>.
Former UFC owners launch Fertitta Capital with $500 million fund, Venice venture capital fund raises $212 million aimed at real estate tech, and Disney rebrands Maker Studios as Disney Digital Network.
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 Bitcoin startup Gem has raised $2M, to make Bitcoin easier to use for developers, the company said this week. The funding was co-led by First Round''s Howard Morgan and Jai Choi, of Tekton Ventures. Crypto Currency Partners, QED Associates, and Angel investor James Joaquin. Gem is led by Micah Winkelspecht.
Both Howard Lindzon and Dave Samuel are joining the firm's board as part of the funding. Altly detailed its plans to create an alternative to Facebook last week, complaining in a lengthy manifesto from Shapiro that an alternative to Facebook was sorely needed due to privacy and other issues with the social networking site.
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.
One way might be to try out GrubTonight , a newly launhced iPhone application from Venice-based Grubwithus, which allows users to find organized dinners in a local area, reserve a seat, and meet others at meals. The firm raised $5M in a venture funding round back in May of last year, and earlier had raised $1.6M READ MORE>>.
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.
Venice, California-based Viddy , a new startup developing mobile video tools, said today that it has raised $1.6M the funding round came from Battery Ventures, Bessemer Ventures, Qualcomm, and angel investors including Jarl Mohn and early team members from YouTube.
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-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
Venice-based Tapiture , an online, male-focused site which bills itself a "Pinterest for Men", has raised $450,000 in what looks like a convertible debt funding. The funding came via an SEC filing. Tapiture has not yet announced the funding, which has a target of $1.0M and looks to be still in progress.
Tapiture, which is based in Venice, announced this morning that it has raised $825,000 in a new funding round, which will help it accelerate its existing traction, launch its e-commerce solution, and help drive development of new mobile apps. The firm said the new funds come from un-named, angel investors. READ MORE>>.
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