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