The Playa Vista ad tech firm is looking to debut on the stock market next year and has hired Morgan Stanley and Goldman Sachs to lead the initial public offering, Bloomberg News reported late Thursday.
The round was led by QED Investors, the private fund of Capital One co-founder Nigel Morris.
Terms of the deal, which is expected to close by the end of January, were not disclosed.
The 2,600-square-foot property known as Blu House is available for a monthly price of $6.40 per square foot.
The e-commerce company, which primarily sells electronics, opened the retail location – attached to its warehouse – on Nov. 29, Black Friday, a day when traditional retailers typically offer big discounts.
Internet: Demand looks to domain-name business and new CEO for lift.
Demand Media hopes a new CEO and the spinoff of its domain-name business will supply answers to its revenue problem.
The Hollywood company said late Tuesday that veteran Internet executive Stephen Semprevivo has assumed the role.
INTERNET: Majority shareholder’s sell-off plan fuels drop in Spark’s stock.
Internet: Investors are just not that into dating site operator Sparks after its largest shareholder plans sell-off
The L.A. site, an online distributor of videos from independent filmmakers, will shut down permanently on Dec. 15.
The company filed a lawsuit on Monday alleging that the owner of NewNasty.com is infringing on Nasty Gal's trademark.
Boston private equity firm Great Hill Partners, which is Spark's largest shareholder with 19.7 percent, gave notice that it intended to sell its shares Tuesday.
The multimedia rendition, which comes from British theater group 1927, first premiered in Berlin last year. It will make its U.S. debut at the Dorothy Chandler Pavilion on Nov. 23.
Scoutfit's technology scans hundreds of e-commerce sites for price changes and sales.
This is the first time FreedomPop will be available on phones other than the HTC.
Tablet manufacturer Fuhu Inc. topped the list with $118 million in revenue last year.
SPECIAL SECTION: Fastest Growing Private Companies
Fuhu gets its hands on the top spot of L.A.’s fastest growing private companies thanks to its kids’ tablets.
Talent management software firm Cornerstone OnDemand has launched a fund and incubator program to work with cloud technology startups.
FlightCar already services San Francisco International Airport and Boston's Logan International Airport.
EMN8, a Century City startup that provides ordering technology to restaurants, has rebranded as Tillster.
The round, announced Monday, was led by Institutional Venture Partners and included investments from Iconiq Capital and existing investors Lightspeed Venture Partners and General Catalyst Partners.
The funding coincides with the release of Ninja's analytics platform, the Katana engine, which analyzes the actions of video gamers to determine which player is the most influential in driving friends to spend money on a game.
Myspace, acquired by Irvine’s Specific Media in 2011 for $35 million, has laid off 5 percent of its staff, according to a source familiar with the company.
The e-commerce startup filed a notice with the State of California that it planned to eliminate 52 mostly customer service positions, roughly 10 percent of its overall staff, by the end of the year.
The company lowered its guidance for the full year, estimating a net loss of up to 6 cents per share and revenue between $106 million and $108 million.
The Santa Monica media company announced Thursday a third-quarter net loss of $10.4 million (-12 cents per share), compared with a net income of $3.2 million (4 cents) in the same period last year.
The "Call of Duty" publisher reported third quarter net income of $56 million (5 cents per share), down from $226 million (20 cents) during the same period last year.
SocialVibe has been renamed TrueX Media and the company's interactive advertisement service is now called TrueAttention.
Beats also announced Wednesday that President Luke Wood has been appointed to the board, which includes co-founders Dr. Dre and Jimmy Iovine and three unnamed independent directors.
Revenue for the quarter was up 37 percent to $128 million.
The domain business will be called Rightside Group Ltd. and will be led by Taryn Naidu, who is currently executive vice president of domain services for the Santa Monica media company.
Third quarter revenue was up 57 percent to $48.3 million.
The partnership began Monday, the same day it was announced, with a seven-day marathon of "Call of Duty: Ghosts."
Internet: Snapchat will remain in neighborhood but pursues more space.
Internet: Maker of temporary-message app Snapchat looks like it will remain in Venice for the long haul with a move to bigger offices
INTERVIEW" Neil Clark Warren didn’t let his age stop him from retaking the reins at dating site eHarmony.
Interview: Neil Clark Warren saw himself as a perfect match to return and revive eHarmony as chief executive
Hyperloop Transportation Technologies Inc. has launched to develop a prototype of the high-speed transportation system that would take travelers from Los Angeles to San Francisco in 35 minutes.
The Hollywood Internet company announced Thursday that is has purchased EPA Cloud, which provides secure email services such as email hosting and archiving.
The company signed a lease in June for 6,000 square feet at 63 Market St. in Venice and has moved some if its staff to the site, a block from the beach.
The series C round was led by Menlo Park venture firm Tenaya Capital and includes existing investors Mayfield Fund and Benchmark, both also in Menlo Park.
Called Channel+, the service provides clients with a dedicated team to oversee the day-to-day operation of the brand's YouTube channel.
Branded efforts from Maker stars highlight the YouTube network's ongoing journey to mine gold in online videos outside of traditional video ads.
A report from tech blog AllThingsD on Friday indicates that the company is considering raising hundreds of millions in funding that would value the company at $3.6 billion.
Chief Executive Mike Hopkins has appointed Elaine Paul as chief financial officer, effective Monday.
BloomNation announced Thursday that it has raised $1.65 million from Menlo Park's Andreessen Horowitz, Boston's Spark Capital, San Francisco's CrunchFund and Santa Monica's MuckerLab.
The proposed rules would limit the amount that a company can raise from non-accredited investors to $1 million a year.
Co-Chair Howard Marks said StartEngine wanted to move closer to the center of startup activity and tap into a broader community of entrepreneurs.
Video streaming service Hulu last week ended months of speculation with the announcement that Mike Hopkins has been named chief executive, replacing interim CEO Andy Forssell.
INTERNET: Awesomeness looks to add viewers to Seventeen’s video channel.
Media Temple’s acquisition has some users afraid of being stuck with inferior Web-hosting services from new parent GoDaddy
ONLINE: Some users of Media Temple critical of new parent GoDaddy.
Awesomeness teams with Seventeen to improve the numbers for the teen girl magazine’s YouTube channel.
Chill Chief Executive Brian Norgard said that the company has laid off its entire entertainment team and some engineers, cutting down to nine employees.
L.A. County companies raised nearly $349 million during the quarter, up from $277 million during the second quarter.