LA BUSINESS JOURNAL DAILY NEWS

Mythical Games Secures $16 Million Investment

Mythical Games, a video game producer in Sherman Oaks, has secured $16 million in Series A funding, the company announced Friday.

Santa Monica’s Balmoral Funds Invests in Modular Building Firm

Santa Monica private equity firm Balmoral Funds and senior managers of Vesta Modular, a provider of rentable modular buildings, purchased the ownership interests of the Birmingham, Mich.-based company’s initial investors.

Rexford Pays $40M for Properties in Carson, Carlsbad

Los Angeles-based Rexford Industrial Properties purchased two properties for $40.3 million using cash on hand, the company announced Nov. 12.

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Southwest Airlines Adds Flights at Burbank, Ontario Airports

Southwest Airlines on Nov. 15 announced it was adding flights at Hollywood Burbank and Ontario International airports, starting in June.

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Silicon Beach Report Nov. 15: Snap Subpoenaed

SpaceX internet satellites approved; WeRecover gains $2 million; Snap complies with request for IPO details

Fox Sports Extends Relationship With MLB Until 2028

The “New Fox” has doubled down on Major League Baseball coverage.

Greycroft Partners Leads $20 Million Seed Round for Emerge

Bi-coastal venture capital firm Greycroft Partners, which has offices in the downtown Los Angeles Arts District, announced Nov. 15 it led a $20 million seed round for shipping logistics management firm Emerge, based in Scottsdale, Ariz.

Venice’s Fifth Wall Ventures Participates in Hippo $70M Funding

Hippo, a Mountain View, Calif.-based tech-enabled home insurance startup, raised $70 million from a venture capital group led by Felicis Ventures and Lennar Corp., with Venice’s fledgling venture capital firm Fifth Wall Ventures also participating.

Catasys Reports $4 Million Q3 Loss Despite Record Billings

Catasys Inc., a digital health analytics company based in Brentwood, reported a $4 million loss in the third quarter despite record billings and soaring enrollment.

UPDATED: Ontario Now Largest Outbound Freight Market in U.S.

Ontario is now the top market for shipments of outbound cargo in the U.S., according to trade magazine FreightWaves.

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Platinum Eagle Merges Texas Lodging and Hospitality Firms

Century City-based Platinum Eagle Acquisition Corp., which was formed by veteran Hollywood executives Jeff Sagansky and Harry Sloan last year, announced plans Nov. 14 to combine with Texas-based Target Logistics Management and Austin-based RL Signor Holdings.

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Smart & Final Reports Third Quarter Earnings

Commerce-based Smart and Final Stores Inc. doubled its net income for the third quarter 2018, the company reported in its quarterly earnings Nov. 14.

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Gov. Brown Nominates Former L.A. Attorney Joshua Groban for State Supreme Court Seat

Gov. Jerry Brown on Nov. 14 nominated his longtime judicial appointments advisor and former L.A. attorney Joshua Groban for a seat on the state Supreme Court, the governor’s office announced.

Silicon Beach Report Nov. 14: $165 Million for ServiceTitan

Netflix tries mobile-only subscription; Snapchat drops prices for AR ads; ServiceTitan brings total funding to $326 million

American Construction Buys Fourth Materials Supplier

American Construction Source, created in September by Santa Monica-based private equity firms Clearlake Capital Group and Angeles Equity Partners, bought its fourth building materials supplier in less than two months.

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ServiceTitan Secures $165M From Venture Capital Group to Expand

Glendale-based ServiceTitan Inc. has secured $165 million in funding from a venture capital group to build out its home services software firm through acquisitions and moves into new markets.

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Netflix to Take Over All Commercial Space at the Academy in Hollywood

Netflix Inc. has signed yet another lease in Hollywood. The streaming giant signed a lease to take over the entire 355,000-square-foot commercial space at the Academy on Vine project in Hollywood, Kilroy Realty Corp., the property developer, announced Nov. 13.

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Silicon Beach Report Nov. 13: LA Out in Amazon HQ Bid

Google opens office doors to historic Playa Vista office; SpaceX honors first African-American NASA trainee; LAEDC predicts prosperity without Amazon

LA Region Loses Out in Amazon HQ Derby, But LAEDC Sees a Silver Lining

Los Angeles may have lost out on its bid for Amazon’s second headquarters, but the Los Angeles County Economic Development Corp. said there was a silver lining for the city in the tech giant’s decision: The partnerships and cooperation among the county’s many jurisdictions during the Amazon bid process should boost future business attraction and retention efforts.

Sweetgreen Closes $200 Million Series H Round

Culver City-based restaurant chain Sweetgreen announced a $200 million Series H round today, bringing the company’s valuation to more than $1 billion.

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