Los Angeles Business Journal


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

The L.A. Dodgers Launch Tech Accelerator

The Los Angeles Dodgers are getting into the game of building tech companies with the launch of an accelerator.

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Surf Air Expands to Four New Cities, Adds Leisure Travel

Citing growing capacity and demand, Surf Air is expanding to four more cities for business and leisure travel.

Short on Cash, Sales Virtual Piggy May Be Eyeing Sale

With little cash left on hand, Virtual Piggy of Hermosa Beach announced it has hired investment bank Viant Capital “to explore strategic alternatives.”

L.A.’s Chief Technology Officer Resigns

Steve Reneker, chief technology officer and general manager of L.A.’s Information Technology Agency said he would resign May 1, leaving to take a similar job in Riverside County, where he lives.

L.A. Launch List: April 10

The Los Angeles Business Journal brings you a weekly roundup of L.A. tech launches.

Zefr Takes to SoundCloud, Platforms

YouTube video and music copyright management firm Zefr is spreading to new platforms.

Real Estate Crowdfunder Raises $23.6 Million

Patch of Land, a Los Angeles real estate loan website that raises money through crowdfunding, today announced a $23.6 million Series A funding round. Funding in the Series A round was led by SF Capital Group, with Ron Suber, president of Prosper Marketplace, participating. After issuing $17 million in short-term commercial real estate loans without a default, Patch of Land said it is ready to make its case to institutional lenders; financiers it believes are the key to its future.

AssetAvenue Raises $11 Million for Real Estate Lending Platform

AssetAvenue, a Los Angeles located online commercial real estate lender, said it had completed an $11 million Series A round to fuel growth and further develop its products. The company crowdfunds investor money into commercial real estate loans for borrowers that traditional banks won’t fund.

Still in Testing, Hail Pay Is Snatched Up by Reserve

Restaurant reservation and meal payment app maker Reserve announced it had purchased Santa Monica restaurant payment app company Hail Pay for an undisclosed amount. Hail Pay was still being privately tested, but Reserve Chief Executive Greg Hong said the company’s group check splitting feature was impressive enough to make the deal worthwhile.

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J2 Shopping Spree Continues

J2’s acquisition streak has continued unabated in the first quarter, as the Internet service provider said today it had added nine more companies to its portfolio.

MakerSquare to Set Up Shop in Los Angeles

MakerSquare, a coding “boot camp” operator, has set its sights on Los Angeles and expects to launch its first set of classes in June. The company, based in Austin, Texas, is expected to sign a lease for space in Venice or Santa Monica in the coming weeks.

L.A. Tests Bluetooth-Enabled Parking Signs

To tackle public confusion around street parking restrictions, the City of Los Angeles announced Friday it will attach electronic beacons to 100 new parking signs as part of an experiment. The city envisions using the Bluetooth-equipped beacons to communicate parking restriction information to yet-to-be-developed apps for mobile phones and connected cars.

L.A. Launch List: April 3

The Los Angeles Business Journal brings you a weekly roundup of L.A. launches.

Chicago’s Avant to Build R&D Team in Playa Vista

Fast growing online consumer lending company Avant of Chicago, fresh off the acquisition of online personal debt management company ReadyForZero, said it would be expanding its Los Angeles presence, making the region a hub for development of new products.

MarketShare Purchases San Francisco Rival

Westwood’s MarketShare has purchased fellow marketing attribution company DataSong of San Francisco for an undisclosed amount. With the purchase, MarketShare will integrate DataSong’s software into its own, expand its employee count by 50 and grow its number of retail customers.