$25 million
Type: Equity
Location: Santa Monica
Investor: Led by Stripes Group, with participation from First Round Capital, Lerer Hippeau Ventures and Menlo Ventures.
Description: Black Tux is an online renter of tuxedos. Rentals start at $100; wedding rentals make up 60 percent to 70 percent of the company’s business, with holidays and high school prom making up the rest, said co-founder Andrew Blackmon. He wouldn’t disclose how many rentals the company has issued, but said the number is in the hundreds of thousands. The company has raised $40 million since its founding in 2013.
Related: Black Tux Raises $25 Million to Grow Online Tux Rentals
Stashimi
$2.1 million
Type: Equity
Location: Glendale
Investors: Undisclosed investors
Description: Jurgen Kurz, chief executive of digital media file storage company Nero of Glendale, is launching Stashimi on Sept. 21. The company is backed by undisclosed investors that previously invested in Nero. Stashimi will aggregate music and social media postings by artists across the Web into one music social media platform for fans to follow their favorite musicians.
Undisclosed
Type: Acquisition
Location: Santa Monica
Buyer: Inrix
Description: ParkMe partners with parking lot operators and municipal governments to catalog, reserve and fill parking spots through its app. With some 29 million parking spaces inventoried, the company also bundles and sells its parking data to third parties. ParkMe has supplied Inrix with parking data for a number of years. Founded in 2009, ParkMe has raised $8.3 million in venture capital and was still growing, but declined to say if it had reached profitability. It will remain a separate brand and will retain its app, operating as a wholly owned subsidiary out of its Santa Monica offices. The company’s 25 employees will be brought into Inrix.
Related: Parking App Startup ParkMe Acquired by Inrix
Technology reporter Garrett Reim can be reached at [email protected]. Follow him on Twitter @garrettreim for the latest in L.A. tech news.
