Los Angeles Business Journal

Silicon Beach Report Dec. 30: Core Innovation Capital Raises $71.5M for Financial Tech Investments

By Garrett Reim Friday, December 30, 2016

Core Innovation Capital raises $71.5 million for financial tech investments, SpaceX loads Falcon 9 for launch, and DirecTV to end $35 a month streaming service.

Core Innovation Capital Raises $71.5M for Financial Tech Investments

Core Innovation Capital of Hollywood, a financial services technology investor, has raised a second fund worth $71.5 million, according to a filing with the Securities and Exchange Commission, reports the Business Journal. The firm’s first fund was worth $40 million, closed in 2011, and was aimed at financial technology startups that served consumers and small to medium businesses.

SpaceX Loads Falcon 9 for Launch

Space Exploration Technologies Corp. has loaded 10 small satellites onto one of its Falcon 9 rockets, reports Fortune. SpaceX is aiming for January for its first flight since its last rocket exploded in September.

DirecTV to End $35 A Month Streaming Service

After DirecTV announced in October that it would launch a 100-channel, streaming-TV service for a $35 a month, the company will raise prices and said the original offer was purely promotional, reports Variety. New subscribers who sign up for DirecTV Now’s Go Big tier after Jan. 9 will pay $60 per month.

Send tips on L.A. tech companies and startups to reporter Garrett Reim via greim@labusinessjournal.com. Follow @garrettreim on Twitter for the latest in L.A. tech news.