Silicon Beach Report March 15: ServiceTitan Raises $80 MillionWednesday, March 15, 2017
ServiceTitan raises $80 million, ProducePay raises $77 million in debt and equity, and Soylent signs lease on 29,000-square-foot property.
ServiceTitan, a Glendale-based provider of business software for home service businesses, announced Wednesday it closed an $80 million Series B funding round, reports the Business Journal. The funding round was led by Iconiq Capital, a global multi-family office and merchant bank, famous for advising Facebook co-founder Mark Zuckerberg.
ProducePay raised $77 million in equity and debt to provide online financing to farmers of perishable goods, reports TechCrunch. So as to help farmers maintain a healthy cash flow before their goods are sold at market, the company uses its platform to buy their produce at a 1 percent to 4 percent discount when it ships.
Soylent signed a lease on a 29,000-square-foot property in the Arts District, reports Urbanize.LA. The company will take more than half of the space at the $80 million Mateo project, which is scheduled to open on May 1.