A weekly roundup of must-read L.A. tech investments and acquisitions.


$14 million

Type: Debt

Location: Santa Monica

Investors: Western Alliance Bank.

Description: The debt round will be used to expand TaskUs’ customer service and logistical support systems. Most of the firm’s customer service personnel are based in the Philippines. TaskUs has become a go-to customer service provider for a number of tech companies, including West L.A.’s Savings.com and Autodesk Inc. of San Rafael. TaskUs raised a $15 million investment from Filipino private equity firm Navegar in August.

Visionary VR

$6 Million

Type: Equity

Location: Downtown

Investors: The round was led by Draper Fisher Jurvetson with participation from Venture Reality Fund, Bertelsmann Digital Media Investments, Greycroft Partners, Vayner/RSE, End Cue, Walter Kortschak, Douglas Purdy, Lee Rierson, Carl Rosendale, Ethan Beard, Jeff Marx, and Anamitra Banerj.

Description: Visionary VR is developing virtual reality video-making software. The company will use the invested funds to grow their team of designers and engineers, and develop the commercial version of their software.


$100 million

Type: Acquisition

Location: Toronto

Buyer: Snapchat

Description: Snapchat of Venice has acquired Bitmoji app maker Bitstrips, Fortune has learned from multiple sources. One of the sources said the deal is a mix of cash and stock, valued “in the ballpark” of $100 million. Bitstrips’ Bitmoji app makes personalized cartoons that users can share via various chat services, such as Apple’s iMessage and Facebook’s Messenger. Snapchat has raised more than $1.2 billion. The company acquired animation app Looksery of Ukraine for a reported $150 million in September.

Technology reporter Garrett Reim can be reached at greim@labusinessjournal.com. Follow him on Twitter @garrettreim for the latest in L.A. tech news.

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