Stories by Samson
MedMen has received $37 million in gross cash proceeds for the sale of various businesses since Nov. 26.
Glendale-based ProducePay Inc. raised a $205 million debt financing round Dec. 10.
Tech: Deal with SM firm creates Draper Goren Holm
Timothy Draper has a history of funding some of the technology sector’s most prolific startups and now the venture capitalist is bringing his money to Los Angeles.
Struck Capital’s Adam Struck believes the city’s startup community can rival Silicon Valley
Santa Monica-based venture capital firm Struck Capital is all-in on L.A. The firm invests in an array of industries, from lifestyle products and gaming to financial and educational technology.
Riot Games announced the launch of Riot Forge, a third-party developer publishing label.
Pasadena medical software developer Deep 6 AI raised a $17 million Series A.
Glendale-based software firm ServiceTitan acquired water treatment software developer WaterSoftWare for an undisclosed sum.
Wag Labs Inc. said product head Garrett Smallwood has replaced Hilary Schneider as the company's chief executive.
Charging station company, automaker add more perks
Sawtelle-based EVgo Services has expanded its existing relationship with Japanese automaker Nissan Motor Co. Ltd., offering free charges to Nissan drivers at any of its charging locations.
Tech: Video firm raises $50M for Hollywood location
New York-based video editing software developer Frame.io Inc. has raised a $50 million Series C round and will use part of the funding to gain a foothold in the L.A. market.
Venice-based startup Altruist Corp. raised an $8.5 million Series A round.
AUTOS: EV makers, service companies roll out products and court investors
L.A. automakers show off their wares at the L.A. Auto Show.
Outsourcing firm TaskUs wins by helping other companies grow
TaskUs uses its expertise in growing companies to manage its own growth.
PayPal Holdings Inc. paid $4 billion to acquire Mid-Wilshire-based ecommerce software developer Honey Science Corp.
Cannabis retailer MedMen Enterprises Inc. will lay off more than 190 employees and restructure its business assets in a bid to achieve a positive balance sheet.
Esports organization Immortals Gaming Club finalized the sale of an esports team to Naples, Fla.-based Beasley Broadcast Group Inc. on Nov. 15.
Digital banking startup looks to launch in 2020
Halleman Bradley to launch a tech-focused banking platform following a $3.5 million seed round.
GAMING: Company seeks to balance mobile, console
Activision Blizzard announces better-than-expected third-quarter earnings and a loss of 3 million users.
Wi-Fi provider narrows losses in third quarter
Boingo Wireless sees a boost from contracts to provide Wi-Fi to the military.
Santa Monica-based Super League Gaming Inc. reported a third-quarter revenue increase of 129% year over year to $350,000.
BYD Motors will deliver 130 electric buses to the L.A. Department of Transportation, the company's largest order yet.
Snap Inc. releases the newest version of Spectacles, its camera- and video-capable glasses
El Segundo-based online postage supplier Stamps.com Inc. reported third-quarter revenue of $136.2 million, down 5%.
Santa Monica-based Activision Blizzard Inc. reported third-quarter revenue of $1.2 billion.
TECH: Dave drops fees, attracts 1 million to wait list
Dave Inc. has branched out into the banking business.
LA’s still the place for electric vehicle-makers, but success remains elusive
Los Angeles’ electric vehicle companies keep plugging along despite setbacks.
Santa Monica-based car rental startup HyreCar Inc. reported third-quarter revenue of $3.7 million.
CANNABIS: Retailer reports rise in 2019 revenue
Culver City-based cannabis retailer MedMen Enterprises Inc. reported increasing revenue as well as mounting losses in fiscal 2019 earnings posted Oct. 28.
Torrance-based electric vehicle developer Fisker Inc. will debut its first fully electric sport utility vehicle in January 2020.
Departure follows deep layoffs at car-leasing startup
Departure follows deep layoffs at car-leasing startup
Mobile game developer and publisher Scopely Inc. raised a $200 million Series D round led by NewView Capital.
El Segundo-based real estate technology startup PeerStreet raised $60 million.
AEROSPACE: Seeks 2020 launch for manned mission
A look at SpaceX’s partnership with NASA and its goals for human spaceflight.
Electric vehicle charging station software provider EV Connect raised a $12 million Series B round co-led by Japanese investors Mitsui & Co. Ltd.
Rick Fox will leave the esports company he founded and settle lawsuits he had been trading with his co-founders.
Snap Inc.’s revenue and user base continue to grow while its losses shrink.
Online learning startup Knowable Universe raised a $3.8 million seed round featuring participation from Upfront Ventures.
Former Snap exec Khan ramps up ecommerce effort
Verishop, founded by former Snap exec Imran Khan, finalizes a $12.5 million pre-Series B raise.
Branson backing helps VC firm surpass its goal
Virgin Group Richard Branson invests in M13’s $175 million fund.
Founder's bankruptcy causes concerns
Jia Yueting, founder of Gardena-based electric vehicle company Faraday & Future, filed for bankruptcy Oct. 14 to address $3.6 billion in debt.
Invoca Inc., a call center analytics firm, raised $56 million in a funding round led by Upfront Ventures.
Wheels Labs Inc., a West Hollywood-based electric bike company, raised a $50 million round led by DBL Partners.
Triumph Aerospace will close two factories in Hawthorne and Torrance and lay off 250 employees beginning in December.
El Segundo-based data center management company ServerFarm purchased 5NINES Global Holdings Oct. 10.
Pasadena-based Thin Line Capital raised a $5 million seed-stage fund to support clean technology and eco-friendly startups.
Electric vehicle startup Canoo and Chief Executive Stefan Krause were sued for wrongful termination by former communications lead Christina Krause.
Cannabis retailer MedMen Enterprises Inc. terminated an agreement to acquire pot cultivator PharmaCann.
Santa Monica-based M13 led a $3.3 million seed round for property rental startup Doorstead.
Cannabis startup partners with The Pottery for service
Startup Tokr teams up with dispensary The Pottery to offer sales and delivery services.
Rocket-maker will use funds for upcoming launch efforts
Relativity Space raises $140 million, will use it to advance 3D-printing technology.