Virtual reality studio Within raises $40 million, PCM Inc. share price falls 25 percent and TenOneTen raising $50 million fund.
Virtual reality studio Within, co-founded by music video director Chris Milk and former Google employee Aaron Koblin, raised a $40 million Series B round, reports Variety. The new cash infusion is led by Temasek and Emerson Collective, and includes WPP and Macro Ventures as new investors.
Direct marketing company PCM Inc.’s stock price fell nearly 25 percent to $14.90 a share after reporting revenue projections lower than investors expected, according to Seeking Alpha. Chief Executive Frank Khulusi said in an earnings call that cost reduction initiatives are in place.
Seed investment firm TenOneTen is raising its second fund, worth $50 million, reports Finsmes. TenOneTen Ventures II has not raised funds, yet, according to a filing with the Securities and Exchange Commission.
Technology reporter Garrett Reim can be reached at email@example.com. Follow him on Twitter @garrettreim for the latest in L.A. tech news.
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