LA Tech Week in Review: 1/20/19-1/26/19

With so much going on in the thriving LA tech and startup ecosystem, it is easy to miss some of the news in the space. We keep you abreast of a few of things that you may have missed in LA Tech news for the week ending 1/26 including the LA startup fundings , exits, and events including news for NEXT Trucking, Wheels, Fernish, and much, much more… USE THE ARROWS BELOW TO SEE THE FULL LA TECH WEEK IN REVIEW

NEXT Trucking , the platform that connects shippers to truckers, has raised $97M in Series C funding from investors that include Brookfield Ventures , Sequoia Capital , and GLP . Founded by Elton Chung and Lidia Yan in 2015, NEXT Trucking has now raised a total of $124.3M in funding over five funding rounds. Click here to see our exclusive interview with Lidia Yan about NEXT Trucking's Series C round.

Rex is the real estate platform that provides the end to end solution for home buyers and sellers by collecting a fee of only 2%. Founded by Charles Tseng , Jack Ryan , and Lynley Sides , Rex has raised $45M in Series C funding from investors that include Crate & Barrel founder Gordon Segal , former McDonalds CEO Jack Greenberg , and Amit Singhal . Rex has now raised a total of $70.5M across four rounds.

Live television streaming platform Pluto TV has been acquired by media giant Viacom for $340M in cash. Read our full coverage here - Viacom Acquires Streaming TV Platform Pluto TV for $340M in Cash

https://www.latechwatch.com/2019/01/viacom-acquires-streaming-tv-platform-pluto-tv-for-340m-in-cash/

The electronic bike built to create efficient and reliable city transportation, Wheels has raised $37M in funding from Tenaya Capital , Bullpen Capital , and Naval Ravikant. This LA bike-sharing startup was created by former WAG founders J onathan Viner and Joshua Viner .

Fernish is the subscription-based service so you can unleash your inner interior designer, and it raised $30M in a Series A round led by RET Ventures and including participation from Scott Cook and Jeffrey Wilke of Amazon. Fernish was founded in 2017 by Lucas Dickey and Michael Barlow .

We took a look at the 15 companies that have raised the largest startup funding rounds in Los Angeles in Q4 of 2018. Read the full report here - The 15 LA Startup Funding Rounds of Q4 2018

HelloTech , the platform that provides consumers with various types of tech support, has raised an additional $20M in funding according to a recent SEC filing. The filing indicates that there was a sole participant in this close and that the total offering is for $20M. Founded in 2014 by Minah Oh , Richard Wolpert , and Sascha Linn , HelloTech has now raised a total of $42M in funding over five reported rounds.

The cannabis recruiting platform Vangst has raised $10M in Series A funding led by Cassa Verde Capital and Lerer Hippeau . This three-year-old startup has raised a total of $12.5M throughout two rounds, and it was founded by Karson Humiston .

Santa Monica-based Network Next , the company building the "new internet" for games and e-sports, has raised an additional $3.2M in Seed funding from individual investors that include Bain Capital Ventures , Velo Capital Partners , BITKRAFT Esports Ventures , and PSYONIX . Founded by Duke Martin , Evan Todd , Glenn Fiedler , Moiz Alam , and Nathan Drabsch in the summer of 2017, Network Next has now raised a total of $4.45M in funding.

HeyTutor , the online platform for tutors and students to connect, has raised $1M in funding led by ScOp Venture Capital . Founded in 2016 by Ryan Neman and Skyler Lucci , HeyTutor has now raised a total of $1.2M in reported equity funding over two rounds.

InnoDT , the platform that provides traceability and visibility into crypto transactions for fraud prevention, has raised $550K in funding according to a recent SEC filing. The filing indicates that the total offering is for $800K and that there were two participants in this close. Based in Pasadena, InnoDT was founded in the spring of 2018 by Alek Tan and David Zhao .

The 13 Largest Global Startup Funding Rounds of December 2018

10 Collaboration Myths No Entrepreneur Should Believe

10 Collaboration Myths No Entrepreneur Should Believe

ABOUT LA TECHWATCH

CONTACT

CHANNELS