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Virtual reality developer Survios raises $50 million, Snapchat introduces group chats, mental health app Stop, Breathe & Think raises $1.3 million, Tinder launches on Apple TV, and more.
Virtual reality video game producer Survios announced on Tuesday that it has raised $50 million in capital over two rounds this year from Metro-Goldwyn-Mayer, Lux Capital, and other investors.
Mitú launches Snapchat Discover channel, SpaceX delays first manned mission in Dragon capsule, and KidGaurd launches cellphone monitoring software for children.
Mattel & Upfront participate in interactive puzzle startup’s $24 million round, Tinder launches branded podcast on dating, and advertiser interest in Live Stories slackens.
A Look Ahead: What’s on the agenda for Los Angeles business in the coming week
Space Exploration Technologies Corp., or SpaceX, is aiming to launch another rocket early next month, which would be its first attempt since a Sep. 1 explosion prompted the Hawthorne aerospace company to halt its launch schedule as it investigated the cause of the incident.
Silicon Beach Report Dec. 8: Sean Rad to Step Down as Tinder CEO, Become Head of Match Group M&A Firm
Sean Rad to step down as Tinder CEO to become head of Match Group M&A firm, Honest Co. to cut 14 percent of staff, and Hulu launches multiple user profiles.
Tinder Chief Executive Sean Rad will step down from his role as the company’s chief executive to lead Swipe Ventures, a Match Group accelerator and acquisition vehicle.
Emcore Corp. shares rise more than 30 percent, SpaceX delays Falcon 9 launch until early January, Barstool Sports signs deal with Sirius for daily satellite radio show, and more.
Emcore Corp. shares soared by more than 30 percent on Wednesday to close at $8.45 after posting stronger-than-expected revenue totals for the quarter ended Sept. 30.
J2 Global acquires Everyday Health for $465 million, Aerovironment charger is official accessory to Chevy Bolt EV, and Heal Adds Dick Gephardt to board.
Snapchat avoids fake news with editorial team, Atom Tickets adds famous film makers to advisory board, and domain registry company XYZ gets permission to sell domains in China.
Domain registry company XYZ Inc. has been granted permission by the Chinese government to sell its dot-xyz domain suffix in China, potentially opening up a huge market to the Santa Monica startup. XYZ has sold more than 6 million dot-xyz domains globally. About 2 million of those domains were registered in China with tentative permission from the Chinese government. The firm has exclusive rights from Internet Corp. for Assigned Names and Numbers, a Marina del Rey nonprofit that administers and manages domain names, to sell the dot-xyz domain.
Bam Ventures launches incubator for Brian Lee’s ideas, Bankrupt Nasty Gal may have a suitor, Annapurna Pictures launches video game division, and more.
Bam Venture Partners has started raising a second $30 million fund which it will use, in part, to invest in and incubate startup ideas thought of by Brian Lee, co-founder of the fund and chief executive of the Honest Co. of Playa Vista. What capital isn’t used for the incubator will be invested in seed and early stage deals, similar to the sort of investments made by the first Bam Ventures fund, said Lee. The Playa Vista venture firm’s first fund was $6 million.
SpaceX aims to resume flights on Dec. 16, Breitbart hits back against boycotting advertisers, and 21st Century Fox invests in augmented and virtual reality glasses company.