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Tuesday, Jun 6, 2023

Silicon Beach Deal Flow: Nov. 6

17 Media

$10 Million

Type: Equity

Location: Los Angeles

Investors: Infinity Venture Partners and Prometheus Capital, as well as Lawrence Ng, Xu Le and Jaime Lin

Description: Photo, video and live broadcast sharing app 17 allows users to edit media with filters, special effects and a host of photo editing tools. The company behind it, 17 Media, is based jointly in Taipei, Taiwan and Los Angeles.

Hyperloop Technologies Inc.

$26 Million

Type: Convertible Notes

Location: Downtown

Investors: The round was led by Khosla Ventures with participation from Formation8 and Sherpa Capital, as well as all former Series A investors.

Description: The startup expects to close the rest of its $80 million Series B financing by the end of the year, said Chief Executive Rob Lloyd in a blog post. Hyperloop will also have three demonstration tracks close to completion by 2020, he said.



Type: Equity

Location: West Los Angeles

Investor: Intel Capital

Description: Free mobile service provider FreedomPop has taken an undisclosed amount of financing from Intel Capital. Using a proprietary SIM card, FreedomPop offers free voice and data cell phone service up to a point, then charges for additional usage or services such as a second phone number or anonymous Web browsing. The company has been on an expansion tear recently, opening in the United Kingdom and preparing to launch in Asia and mainland Europe.

Activision Blizzard Inc.

$5.9 billion

Type: Acquisition

Location: Santa Monica

Acquired: King Digital Entertainment

Description: Santa Monica’s Activision makes a number of popular PC and console games, such as Call of Duty and World of Warcraft, but few mobile games. The King Digital acquisition would help the company gain access to the faster-growing mobile-gaming industry. The purchase is being paid for with $3.6 billion in cash and a $2.3 billion loan. It is expected to close by spring 2016.


$450 Million

Type: Sale

Location: Westwood

Buyer: Neustar

Description: The acquisition was spurred by the greater ability of the combined companies to share and integrate advertising data and services, said co-founder and co-Chief Executive Jon Vein. MarketShare’s cloud-based software programs correlate sales to money spent on promotions like television ads, online banners, events and social media posts. Neustar of Sterling, Va. is focused on providing granular data points about consumers.

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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