Funding up 40% in a banner year for LA Tech with ~$4.3B invested. Read on for clear, concise analysis that spans deals, IPOs, SPACs, the pipeline for the future, and much, much more in a clear, concise format.
In 2010, there were 17,000 electric cars on the road. By the end of the decade there were over 7.2M. This increase has been largely attributable to improvements in affordability and accessibility. Culver City-based Envoy is bringing electric cars to residential buildings, offices, hotels with its electric vehicle sharing service. Largely focused on the residential housing market, the company partners with building owners to offer access to its fleet of electric cars as a basic building amenity like a pool or clubhouse. LA TechWatch caught up with Cofounder and CEO Aric Ohana to learn more about Envoy’s focus on make mobility an amenity, the company’s future plans, and recent round of funding from investors that include Shell Ventures, Building Ventures, DENSO, Goodyear Ventures, GroundBreak Ventures, and the Los Angeles Cleantech Incubator Impact Fund.
Providers are turning to patient engagement to steer results in value-based care models, leading to better outcomes for both patients and physicians. Yet many of these engagement programs focus on providing a one-size-fits-all approach that does not truly engage patients due to cultural and socio-economic differences. ConsejoSano is a multicultural patient engagement platform that leverages 2M+ cultural data points to provide a tailored approach in a patient’s native language, leading to improved outcomes. Launched in 2017, the company is already working with four of the top five managed care plans in the US.
LA TechWatch caught up with Founder and CEO Abner Mason to learn more about his experience in Mexico sparked the launch of ConsejoSano, the company’s plans to scale its platform, and latest round of funding from investors that include Magnetic Ventures, The American Heart Association/Bernard J. Tyson Impact Fund, DaVita Venture Group, Salesforce Ventures, NBA All-Star Victor Oladipo, 7wireVentures, Impact Engine, Tufts Health Plan, and Wanxiang America.
Boulevard is a spa and salon management platform designed specifically to address the needs of the industry. The platform’s functionality is robust and allows facilities to manage all facets of their operations, ranging from bookings, marketing, payment, and reporting.
LA TechWatch caught up with Cofounder & CEO Matt Danna to learn more about the company’s future plans, experience working with partners during the pandemic, and latest funding round from investors that that include Index Ventures, Toba Capital, VMG Partners, Bonfire Ventures, Ludlow Ventures, and BoxGroup.
Deal flow down ~50% MOM with strength in Series A and Series B funding rounds in November but a void in late-stage fundings. Aggregate statistics for all LA funding deals by stage of funding (Early, Series A, Series B, & Late) including mention of notable rounds for November 2020.
This bi-weekly column covers the latest news from venture capital firms in LA for the first half of November 2020 including must-know news for Powerhouse Capital, M13, and much more.
Ordermark has become one of the fastest-growing online ordering management platforms, helping restaurants – whether small and local or large chains – manage incoming orders from all the different online ordering platforms into a single easy-to-manage dashboard. The company operates Nextbite, a virtual kitchen marketplace enabling turnkey, delivery-only restaurant brands to launch with key infrastructure in place. LA TechWatch caught up with CEO and Cofounder Alex Canter to learn more about Ordermark’s evolution from a solution originally conceived to meet the needs of his family’s deli into a robust nationwide restaurant management solution powering thousands of restaurants, the company’s experience supporting the restaurant industry through the pandemic to support their operations, the rise of virtual kitchens, and the company’s latest funding round from investors that include Softbank Vision Fund 2 and Act One Ventures, bringing the total funding raised to $150.6M for the three-year-old company.
Much of the focus of AI has been on data-intensive applications and consumer-facing implementations. Beyond Limits’ cognitive AI platform unleashes the power of AI for some of the most demanding verticals like energy, utilities, and healthcare. The company’s solutions are used to boost operational insights, improve operating conditions, enhance performance, and ultimately, increase profits. The company’s technology originated at Caltech’s Jet Propulsion Laboratory for NASA space missions and is now being leveraged to help some of the largest industrial enterprises and companies address their most pressing challenges with a combination of machine learning and human knowledge. LA TechWatch caught up with CEO and Founder AJ Abdallat to learn more about the state of the enterprise and industrial AI market, the company’s future plans, and recent funding round.
The latest news from venture capital firms in LA for the first half of September 2020 including must-know news for Time BioVentures, Bonfire Ventures, and much more.