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Snap Launches Media Startup Accelerator

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Venice, California-based Snap , the parent company of Snapchat, is launching a new startup accelerator, named "Yellow", the company disclosed on Wednesday afternoon. The accelerator said it will invest $150,000 into ten different "creators" and startups focused in the media area. READ MORE>>.

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Moviepilot Sets Up Office In Venice, Hires Two Execs

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Moviepilot , which operates an online movie discovery site, said last week that it has opened up an office on Abbot Kinney in Venice, California, as part of its expansion into Los Angeles. Elkins joins the firm from MEC, where she had run interactive media campaigns for Paramount and Dreamworks.

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Briabe Media Finds $2M

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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. Briabe Media offers up mobile advertising targeted at ethnic audiences, and is headed by James Briggs. READ MORE>>.

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Snapchat Adds $4.5M More To $50M Round

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Venice, California-based Snapchat , the developer of the popular social media app, has added $4.5M snapchat venture capital filing social media mobile' in venture funding--and three new investors--as part of its Series C funding round, according to a regulatory filing by the company today. READ MORE>>.

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Clapit Raises AU$2.57M

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Los Angeles- and Sydney, Australia-based Clapit , a startup developing a social media crowdsourcing app, said it has raised AU$2.57M ($1.94M US), to bring its mobile app to market. operations in Los Angeles, says it has created a social media app which crowdsources video, music, images, and rich media. READ MORE>>.

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Snap Launches Third Yellow Accelerator Program

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Venice-based Snap announced the third class of its Yellow startup accelerator class on Wednesday, naming ten companies to participate in its annual 14-week program in Los Angeles. Snap says that those 10 companies were receive $150,000 in equity investments, mentorship from Snap and others, space in Los Angeles, as well as other support.

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Mogreet Launches Social Sharing Service

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Venice-based Mogreet , the mobile marketing and services firm headed by James Citron, has launched a new, mobile service today called moShare. The firm said the service is built on its media messaging platform, and can deliver any type of content to mobile phones, regardless of wireless carrier or device type.

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