Banking and finance reporter James B. Cutchin can be reached at email@example.com.
Phone: 323-549-5225 Extension: 232
Payments giant PayPal Holdings Inc. has invested $10 million in two Black- and Latino-led venture capital funds based in Los Angeles.
Santa Monica-based Upfront Ventures has named Kara Nortman as co-managing partner.
ZestFinance Inc., a Burbank-based credit technology company doing business as Zest AI, has raised $15 million in new capital from software-focused venture firm Insight Venture Management.
While the earnings picture improved for Los Angeles-area banks during the third quarter, most did not match the performance levels of the largest U.S. banks.
Culver City-based cannabis ecommerce company Amuse Holdings Inc. has raised $12 million in Series A capital. The round was funded by Santa Monica-based cannabis industry private equity firm Gotham Green Partners.
Century City-based asset manager Ares Management Corp. has partnered with New York-based Pretium Partners to purchase single-family housing rental company Front Yard Residential Corp.
Colony Capital-backed Databank Ltd. has invested $30 million in edge data center business EdgePresence.
Cannabis is on the ballot in six Los Angeles-area cities this November.
Gender diversity is one of the most intractable issues in the global economy.
Charity fundraising platform Tiltify Inc. has raised $6.5 million in Series A funding.