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Samson Amore

Stories by Samson

MedMen Restructuring Brings $37 Million in Savings

MedMen has received $37 million in gross cash proceeds for the sale of various businesses since Nov. 26.

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ProducePay Raises $205 Million Debt Financing

Glendale-based ProducePay Inc. raised a $205 million debt financing round Dec. 10.

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VC Draper Moves into LA

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.

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Bullish on LA

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.

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Riot Games Creates New Publishing Label

Riot Games announced the launch of Riot Forge, a third-party developer publishing label.

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Deep 6 AI Raises $17 Million Series A

Pasadena medical software developer Deep 6 AI raised a $17 million Series A.

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ServiceTitan Acquires WaterSoftWare

Glendale-based software firm ServiceTitan acquired water treatment software developer WaterSoftWare for an undisclosed sum.

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Wag Names New Chief Executive

Wag Labs Inc. said product head Garrett Smallwood has replaced Hilary Schneider as the company's chief executive.

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EVGo Expands Leaf Partnership with Nissan

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.

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Tech: Video firm raises $50M for Hollywood location

New York-based video editing software developer 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.

Fintech Startup Altruist Raises $8.5 Million

Venice-based startup Altruist Corp. raised an $8.5 million Series A round.

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LA Companies Shine at Auto Show

AUTOS: EV makers, service companies roll out products and court investors

L.A. automakers show off their wares at the L.A. Auto Show.

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Expansion Team

Outsourcing firm TaskUs wins by helping other companies grow

TaskUs uses its expertise in growing companies to manage its own growth.

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Honey Acquired by PayPal for $4 Billion

PayPal Holdings Inc. paid $4 billion to acquire Mid-Wilshire-based ecommerce software developer Honey Science Corp.

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MedMen to Lay Off Nearly 200, Sets Restructuring Plan

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.

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Immortals Gaming Club Sells Overwatch League Team

Esports organization Immortals Gaming Club finalized the sale of an esports team to Naples, Fla.-based Beasley Broadcast Group Inc. on Nov. 15.

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HMBradley Nabs $3.5M

Digital banking startup looks to launch in 2020

Halleman Bradley to launch a tech-focused banking platform following a $3.5 million seed round.

Growing Pains at Activision

GAMING: Company seeks to balance mobile, console

Activision Blizzard announces better-than-expected third-quarter earnings and a loss of 3 million users.

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Military Business Boosts Boingo

Wi-Fi provider narrows losses in third quarter

Boingo Wireless sees a boost from contracts to provide Wi-Fi to the military.

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Super League Gaming Posts Jump in Third-Quarter Revenue

Santa Monica-based Super League Gaming Inc. reported a third-quarter revenue increase of 129% year over year to $350,000.

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BYD Sells 130 Electric Buses to LADOT

BYD Motors will deliver 130 electric buses to the L.A. Department of Transportation, the company's largest order yet.

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Snap Rolls Out New Spectacles

Snap Inc. releases the newest version of Spectacles, its camera- and video-capable glasses

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El Segundo-based online postage supplier Inc. reported third-quarter revenue of $136.2 million, down 5%.

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Activision Exceeds Earnings Expectations

Santa Monica-based Activision Blizzard Inc. reported third-quarter revenue of $1.2 billion.

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FinTech Firm Adds Banking

TECH: Dave drops fees, attracts 1 million to wait list

Dave Inc. has branched out into the banking business.

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Plugging Away

LA’s still the place for electric vehicle-makers, but success remains elusive

Los Angeles’ electric vehicle companies keep plugging along despite setbacks.

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HyreCar Increases Revenue, Losses in Third Quarter

Santa Monica-based car rental startup HyreCar Inc. reported third-quarter revenue of $3.7 million.

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MedMen Posts Higher Sales, Losses

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.

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Fisker Previews First Electric Vehicle

Torrance-based electric vehicle developer Fisker Inc. will debut its first fully electric sport utility vehicle in January 2020.

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Fair Loses CEO Painter

Departure follows deep layoffs at car-leasing startup

Departure follows deep layoffs at car-leasing startup

Scopely Raises $200 Million Series D

Mobile game developer and publisher Scopely Inc. raised a $200 million Series D round led by NewView Capital.

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PeerStreet Raises $60 Million

El Segundo-based real estate technology startup PeerStreet raised $60 million.

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Aggressive Plan for SpaceX

AEROSPACE: Seeks 2020 launch for manned mission

A look at SpaceX’s partnership with NASA and its goals for human spaceflight.

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EV Connect Raises $12 Million Series B

Electric vehicle charging station software provider EV Connect raised a $12 million Series B round co-led by Japanese investors Mitsui & Co. Ltd.

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Rick Fox Exits Echo Fox, Settles Lawsuits

Rick Fox will leave the esports company he founded and settle lawsuits he had been trading with his co-founders.

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Snap Reports Growth in Users, Revenue for Third Quarter

Snap Inc.’s revenue and user base continue to grow while its losses shrink.

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Knowable Universe Raises $3.75 Million Seed

Online learning startup Knowable Universe raised a $3.8 million seed round featuring participation from Upfront Ventures.

Verishop Hits $30M Mark

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.

M13 Raises $175M for Second Fund

Branson backing helps VC firm surpass its goal

Virgin Group Richard Branson invests in M13’s $175 million fund.

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Faraday Faces Rockier Road

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.

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Upfront Ventures Leads $56 Million Invoca Funding Round

Invoca Inc., a call center analytics firm, raised $56 million in a funding round led by Upfront Ventures.

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Wheels Labs Raises $50 Million

Wheels Labs Inc., a West Hollywood-based electric bike company, raised a $50 million round led by DBL Partners.

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Triumph Aerospace to Close L.A. Facilities, Lay Off 250

Triumph Aerospace will close two factories in Hawthorne and Torrance and lay off 250 employees beginning in December.

ServerFarm Acquires UK Data Center Operator

El Segundo-based data center management company ServerFarm purchased 5NINES Global Holdings Oct. 10.

Thin Line Capital Raises First Fund, Backed by Wavemaker

Pasadena-based Thin Line Capital raised a $5 million seed-stage fund to support clean technology and eco-friendly startups.

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Canoo Sued for Gender Discrimination

Electric vehicle startup Canoo and Chief Executive Stefan Krause were sued for wrongful termination by former communications lead Christina Krause.

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MedMen Terminates PharmaCann Purchase, CFO

Cannabis retailer MedMen Enterprises Inc. terminated an agreement to acquire pot cultivator PharmaCann.

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M13 Leads $3 Million Seed Round for Doorstead

Santa Monica-based M13 led a $3.3 million seed round for property rental startup Doorstead.

Tokr Tees Up Deliveries

Cannabis startup partners with The Pottery for service

Startup Tokr teams up with dispensary The Pottery to offer sales and delivery services.

Relativity Secures $140M Series C

Rocket-maker will use funds for upcoming launch efforts

Relativity Space raises $140 million, will use it to advance 3D-printing technology.

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