Los Angeles Business Journal

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Truth Be Told

23-year-old spins tweeted facts into big bucks

UberFacts’ Kris Sanchez has turned his 7 million Twitter followers into a true gold mine.

MiTú Pacts With Televisa

Culver City’s MiTú, a Latino YouTube network, has partnered with Mexican media giant Televisa to create original content for the Web in both Spanish and English.

Raytheon Gets $11 Million Contract for Laser Weapons

Raytheon Co.’s sprawling El Segundo operation has been awarded an $11 million U.S. Marine Corps contract to develop laser weapons for military vehicles.

RadPad Nabs $2 Million

Los Angeles mobile rental marketplace RadPad has raised $2 million in capital led by SG VC in Santa Barbara, bringing its total amount raised to $3.5 million.

Agent Ace Raises $6 Million

Santa Monica real estate agent recommendation service Agent Ace has raised $6 million in Series A financing from March Capital Partners, also of Santa Monica, and Carmel’s Triangle Peak Partners.

Positive Drug Trials Create L.A.’s Newest Billionaire

BIOTECH: Unfazed Alan Auerbach leads Puma’s hunt for cancer cure.

Puma’s Alan Auerbach is nursing a billion-dollar fortune after positive cancer drug trials boosted company stock.

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‘Wallet’ Pockets Credit Unions

INTERNET: App maker adds institutions to digital billfold.

CU Wallet is banking on a cut in card “swipe fees” to sign up credit unions for its mobile payment system.

Mother’s Helper

Five years ago, Mother Co. founder and Chief Executive Abbie Schiller, 42, and her family decided to move in with her parents at her childhood home in Pacific Palisades to keep her then-fledgling children’s entertainment startup above water.

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Digital Content Turning on TV

Internet: Streaming sites test ad-supported programming.

Former NBC show “Community” will test if digital programs can channel TV-like audiences and ad dollars online.

YouTube Tweaks Video’s Big Picture

INTERNET: Small creators left to sort out copyright claims solo.

YouTube policy shift has taken the fight out of some video creators who must now battle copyright claims on their own.

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Parents Give Birth to Businesses

TECHNOLOGY: Mobile devices open doors to educational products.

TECHNOLOGY: Increase in mobile devices has raised some parents’ interest in producing educational products for kids.

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Filling Up

INTERNET: Chewse sees opening in online food-ordering sector for service focused on businesses.

Chewse looks to take a bite out of the online food-ordering sector by catering to businesses.

Giving Birth to Nerd Herd

UCode centers offer programming classes for kids 6 and older.

UCode helps little kids get with the programming with its coding courses.

Range of Apps Look to Ride Uber’s Reputation

BRANDING: Cargomatic among firms tapping service’s image with young people.

Tech companies these days are likening themselves to popular ridesharing app Uber in the hopes of generating buzz about their services.

Retailers Plan More in Stores

INTERNET: Shops dial into smartphones to offer deals.

InMarket’s app lets retailers send in-store deals to shoppers’ phones to combat “showrooming.”

Goal Was to Have Fun So They Kept Playing

Swagbucks Chief Executive Chuck Davis, an avid soccer fan, enjoyed this summer’s World Cup in person by heading down to Brazil to catch some games.

FameBit Raises $1.4 Million

FameBit, a 6-month-old Santa Monica startup that connects YouTube video creators with advertisers, has raised a $1.4 million seed round led by Science Inc., 500Startups, DeNA and Machinima founder Allen DeBevoise.

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Online Goals

Internet firms look to connect with World Cup fans

An ad tech company and the maker of a liquor store-delivery app are among the local firms looking to score with World Cup fans.

MiTú Raises $10 Million

Culver City’s MiTú, a Latino YouTube network, has raised $10 million in Series B funding led by Upfront Ventures.

En Pointe Wins $72 Million L.A. County Contract for Microsoft

En Pointe Technologies, a Gardena information technology firm that sells Microsoft products, has won a 5-year, $72 million contract to provide cloud-based software to all of Los Angeles County’s 30-plus departments.

Cross Campus Expands to Pasadena

Santa Monica collaborative work space Cross Campus, which caters to tech entrepreneurs, will open a second, larger location in Old Pasadena.

Tapatalk Taps $5.8 Million

Santa Monica’s Tapatalk, which makes an app that streamlines online forum discussions, has raised a $5.8 million seed funding round from Palo Alto’s Floodgate and Accel Partners.

DreamWorks Launches Family YouTube Channel

DreamWorks Animation has launched DreamWorksTV, a YouTube channel featuring original content for family viewing.

Santa Monica Ad-Placing Company Seals Deal

Acquisition: Adconion gets picked up by mobile advertising firm Amobee.

It’s been a busy few weeks for L.A. tech exits.

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Film School

Tech firms show studios how to broaden audiences

Tech startups are teaching Hollywood how to use Big Data to broaden audience reach.

TrueCar Partners with Farmers

Santa Monica’s TrueCar, an online automotive marketplace, is partnering with Farmers Insurance to create a car-buying service for the insurer’s customers.

Film School

Los Angeles has long been the world’s entertainment capital, so it’s no wonder tech startups are sprouting up here to help content creators better reach their audiences.

Univision Reportedly in Merger Talks

Univision Communications Inc. is reportedly in merger talks with multiple potential buyers that include CBS Corp. and Time Warner Inc., the Wall Street Journal reported late Thursday.

PaeDae Raises $8 Million, Changes Name

Santa Monica mobile advertising company PaeDae has secured $8 million in Series B funding, led by a venture capital firm it declined to name, and has relaunched as Mobile Majority.

Amobee Buys Adconion for $209 Million

Mobile advertising company Amobee, a division of Singapore’s SingTel that operates out of Redwood City, bought Santa Monica’s Adconion Media Group for $209 million.

CheckAlt Buys Diebold Subsidiary

CheckAlt, a Los Angeles company that offers electronic deposit services for banks, has acquired secure machine-maker Diebold’s Eras division, a maker of remote banking software, for an undisclosed sum.

Washio Raises $10.5 Million

Washio, a home delivery laundry and dry cleaning service, has received $10.5 million Series A round led by Menlo Park venture capital firm Canaan Partners.

Shopzilla Revamps Connexity

Los Angeles online marketplace Shopzilla Inc. has beefed up its newly acquired media buying platform Connexity by folding two of its consumer insights divisions into the brand.

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Linked In

TECHNOLOGY: Latest exec hires at Silicon Beach show local scene strong enough now to create and keep top managers.

Silicon Beach startups now can draw from a local pool of experienced execs to shore up their businesses.

Infrascale Raises $16.3 Million, Buys EverSync

El Segundo cloud-storage provider Infrascale has raised a $16.3 million Series B funding round that it will use in part to acquire EverSync, a data protection company in Salt Lake City, for an undisclosed amount.

Boingo Partners with Time Warner Cable

Boingo Wireless, a wireless Internet provider headquartered in in Los Angeles, has partnered with Virginia’s Time Warner Cable to give both companies’ customers more places to surf the Web.

KKR To Buy Internet Brands for $1.1 Billion

El Segundo Web holding company Internet Brands, which began as CarsDirect.com, has struck a deal to be acquired by New York private equity firm Kohlberg Kravis Roberts for an estimated $1.1 billion.

CPO Commerce Acquired for $30 Million

Pasadena online power-tool retailer CPO Commerce has been acquired by United Stationers Supply Co. of Deerfield, Ill., for $30 million. The price tag could reach $40 million based on company performance.

Katz Out of Bag

Though they’d both been lawyers for at least 30 years, Ira B. Katz and Ira N. Katz first met three years ago over lunch – though they didn’t eat together.

Honest Co. Partners with Target

Santa Monica’s Honest Co., an online retailer co-founded by actress Jessica Alba to sell eco-friendly products, has partnered with Target Corp. to sell its wares in stores nationwide, with an expanded line available on Target.com.

Grocery Workers Ratify Contract

The grocery workers’ union has ratified two-year labor agreements for 60,000 employees at Vons, Ralphs and Albertsons supermarkets, the union announced Friday.

TrueCar, CytRx Among Week’s Big Movers

The Los Angeles Business Journal’s index of largest local public companies rose for the week.

SpaceX to Unveil Manned Spaceship Thursday

Elon Musk’s SpaceX will unveil the Dragon V2, its first manned spaceship, Thursday night at its Hawthorne headquarters.

Nix Hydra Raises $5 Million

Nix Hydra, a Los Angeles mobile-game maker for women, has raised a $5 million Series A round from Colorado venture capital firm Foundry Group.

Apple Seals $3 Billion Beats Deal

Apple Inc. has completed a $3 billion purchase for Santa Monica’s Beats Electronics, the companies confirmed on Wednesday.

Ex-Whisper CTO Launches Recommendation App

Knowzz, a business recommendation app founded by Steve Sobolevsky, former chief technology officer at Whisper, has launched its 1.0 version for iPhone and Android.

Bank of America Speaking to Clippers Suitors

Bank of America has been hired to arrange a sale of the Los Angeles Clippers and has already approached potential buyers, according to media reports.

Used Clothing Site Tailors Big Name Series B Interest

INTERNET: Marketplace for secondhand clothes Tradesy aims to expand offerings.

Secondhand clothing marketplace Tradesy fashions $13 million Series B funding round.

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Worth a Look?

Early jump on viral videos pays off for Jukin

Jukin pursues healthy returns by finding videos before they go viral and monetizing them.

Puma, DreamWorks Among Week’s Big Movers

The Los Angeles Business Journal’s index of largest local public companies rose for the week.