A weekly roundup of must-read L.A. tech investments and acquisitions.
Location: Century City
Investors: Sequoia Capital led the Series B round, with participation from Kleiner Perkins Caufield & Byers and Index Ventures
Description: Flipagram’s app lets people quickly edit together photos and videos on their phones into sequences that can be shared within the app and on social media. In conjunction with the financing, Flipagram has closed a slew of licensing deals with major record companies, including Universal Music Group, Sony Music Entertainment and Warner Music Group. The app company boasts 33 million active users and had raised a $4 million seed round in 2013.
Location: West Los Angeles
Investors: Sorenson Capital led the Series B round with participation from Canaan Partners.
Description: Through its website, Realty Mogul crowdfunds debt and equity for commercial real estate investments. Financing can be arranged for deals on all manner of properties, from residential investment properties to office buildings. Investors are required to contribute $10,000 at a minimum to the pool. Realty Mogul said it has financed 240 properties valued at more than $500 million since its inception in 2013.
Location: Santa Monica
Investors: FirstMark Capital led the Series A round and with participation from Tornante Co. (Michael Eisner's investment firm), Vayner/RSE, Dave Gilboa (Warby Parker), Dave Leyrer (Boulevard Capital), CrossCut Ventures, FFVC and Adam Press.
Description: Omaze’s platform helps charities run online fundraising contests, usually built around bidding to spend time with celebrities. Auctions include bidding for a seat at the taping of Jon Stewart’s last show as host of “The Daily Show” or time riding around in a tank with Arnold Schwarzenegger. The company had previously raised a $1 million seed round.
Location: Downtown Los Angeles
Investors: Upfront Ventures led the seed round, with participation from FirstMark Capital, Maveron, BBG Ventures and Joanne Wilson
Description: HopSkipDrive is a car-sharing app that parents can use to have their children picked up and delivered. Drivers are background checked, have to have five years of childcare experience and must go through a driving certification process. Parents can track their kids as they are ferried around town and can confirm pickup via the app.
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