LAEDC includes 9 sites in L.A. region bid for Amazon’s second headquarters, crypto venture firm Blockchain Capital raising $150 million for two funds, and Snap partners with Discovery, Eurosport for Olympics coverage.
The Los Angeles County Economic Development Corp. has submitted the official Los Angeles metropolitan area proposal to Amazon.com in response to its search for a second corporate headquarters, the Business Journal Reports. The proposal contains nine sites throughout Los Angeles County, each of which meets the specific requirements listed in the Amazon request for proposal, the LAEDC said early Wednesday.
Blockchain Capital, one of the first venture firms to specialize in bitcoin and crypto projects, is setting out to raise $150 million in two funds, with plans to invest in companies and emerging cryptocurrencies, CNBC reports. The firm, based in San Francisco and Venice, said in filings with the Securities and Exchange Commission that each fund is raising $75 million. To date, Blockchain Capital IV has raised $60 million and Blockchain Capital Parallel Fund IV has raised $25 million.
Snap Inc. announced a content deal with Discovery Communications' Eurosport to develop and deliver made-for-mobile content for the Snapchat app, The Hollywood Reporter reports. Discovery's pan-European sports channel Eurosport has signed a strategic advertising and content deal with Snap to deliver mobile-specific coverage of the Olympic Winter Games in PyeongChang next year. Eurosport has European rights to the 2018 Olympics.
Technology reporter Garrett Reim can be reached at firstname.lastname@example.org. Follow him on Twitter @garrettreim for the latest in L.A. tech news.