Los Angeles Business Journal


Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

Social Reality Raises $25 Million, Buys Steel Media

Internet advertising company Social Reality has announced $25 million in committed financing, a portion of which went toward acquiring New York digital ad firm Steel Media.

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Foreign Entrepreneurs Click in L.A.

TECHNOLOGY: Tapatalk joins wave rolling into Silicon Beach.

L.A.’s growing scene pushes all the right buttons for foreign-born tech entrepreneurs.

Venture Firm at Home With In-House Businesses

INVESTMENT: Zuma also says ‘studio’ model to offer chance at earlier exits.

New tech-focused capital firms home in on a “studio” model in which business ideas originate in-house.

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L.A. Launch List: Oct. 31

The Los Angeles Business Journal brings you a weekly roundup of L.A. launches. On this week's Launch List: 3rd Quote, Soteria Intelligence, Wallaby Financial and more.

On.com Socializes Your Selfie

Oxford Dictionaries declared “selfie” as the word of 2013. That kind of verbal takeover helped prompt the creation of social network On.com, whose simple web and mobile platform is entirely based on, well, selfies.

UBeam Ropes in $10 Million

UBeam, a Santa Monica wireless power company, has raised $10 million in a Series A round led by Upfront Ventures.

Whisper CEO Talks Guardian Report

Whisper Chief Executive Michael Heyward said he would fire the employee who allegedly told reporters that the anonymously posting app would track a user for life.

TrueCar: Truck Sales a Good Sign for GOP

John Krafcik, president of Santa Monica car buying and selling platform TrueCar Inc., says there’s a strong correlation between states that vote Republican and high truck sales. Based on this, TrueCar is predicting that Republicans will come out ahead in next week’s midterm election.

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P.S. XO and Seedling Merge, Raise $7 Million

P.S. XO, a party planning e-commerce company co-founded by actress Soleil Moon Frye, has merged with toy and craft brand Seedling. The combined entity, which will continue under the Seedling brand, is also announcing $7 million in funding.

ScoreBig Scores, Well, Big With $18 Million

ScoreBig.com, an online marketplace that finds discounted live event tickets, has raised $18 million in Series D funding.

Edmunds.com Acquires CarCode

Edmunds.com has acquired mobile messaging startup CarCode as the veteran car shopping site looks to invest heavily in mobile. Terms of the deal were not disclosed.

Tinder to Give Benchmark Equity Stake

Tinder has announced that San Francisco VC firm Benchmark has taken an equity stake in the dating app and General Partner Matt Cohler will become a director.

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DogVacay Barks Out New Growth Numbers

DogVacay might give pet owners a needed break, but the Santa Monica startup, which places pets in temporary vacation homes, has no plans of slowing down.

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SolarReserve Buys Aerojet Rocketdyne Division

SolarReserve, a solar power tech developer, has acquired a division of Canoga Park aerospace and defense firm Aerojet Rocketdyne as it continues to commercialize solar thermal energy storage.

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Fashion Video Site Could Be Good Fit for Pickup

INTERNET: StyleHaul’s niche could make it next target for big-media acquisition.

Analysts see fashion-focused video site StyleHaul as well-suited for acquisition by a big-media parent.