Tech roundup: Loot Crate adds former Maker CEO, Factual and Snap announce deal and more

June 15, 2017

Loot Crate adds former Maker CEO, reaches profitability

Loot Crate's big year continues with news the company has brought on former Maker Studios CEO Ynon Kreiz as board chairman. Additionally, the company announced that it had become profitable for the first time since starting up in 2012. [Biz Journals]

 

Snap, Factual announce partnership

Two of LA's tech pillars have come together in a landmark deal that all of LA tech should be proud of. Data startup Factual and Snap came to an agreement to leverage Factual's flagship data product for access to location data to help improve experiences on the Snapchat app. [Factual]

 

Laurel & Wolf redesigns Dollar Shave Club CEO's Venice bachelor pad

LA tech veteran Michael Dubin, CEO of Dollar Shave Club, recently purchased his first home. When it came to designing his Venice abode, however, he opted to let the professionals step in. Partnering with West Hollywood-based Laurel & Wolf, they were able to complete perhaps the premier bachelor pad in Silicon Beach. The spot now boasts furnishings like cowhide barstools and a marble island. [Laurel & Wolf]

 

LA reveals BlueLA Electric Car Sharing Program

With so much talk about LA's lack of affordable housing, it's easy to forget just how big of a problem transportation is in LA County. This week, the Mayor's office announced a partnership with French company Blue Solutions and LADOT to begin a pilot program offering electric vehicles at low prices. The project is funded in part by a $1.7 million grant through California Climate Investments, a statewide program that puts billions of cap-and-trade dollars to help reduce greenhouse gas emissions, strengthen the economy and improving public health. [LA Times]

 

Wavemaker Partners closes new $50M fund

LA-based venture capital firm Wavemaker Partners has closed a new $50 million fund to invest in early-stage B2B startups, with a focus on Southeast Asia. This will be Wavemaker's fifth fund to date. [SoCal Tech]

 

Young entrepreneurs to be honored at EY's Entrepreneur of the Year Awards gala

What were you doing when you were 17? While some of us were dreading college applications and planning another go at the SAT, some individuals are out there revolutionizing industries. This week, 17-year-olds Aryadna Ricardez and Ashley Marin will be honored alongside some of Los Angeles’ most impressive business leaders on stage at this year’s Entrepreneur Of The Year Greater Los Angeles Awards gala. The duo has created a product called Click ‘N’ Brush, a next-generation toothbrush that uses ultraviolet light technology and innovative materials to help you brush your teeth. [EY]

 

It was a huge week in funding for LA tech startups, with a handful of companies combining to raise nearly $100 million. The action was anchored by Culver City-based Clutter, which closed its Series C round worth a whopping $64 million. Also in on the action were Cylance spinoff Obsidian Security, LA/NYC-based Sure and organic baby food startup Yumi, among others. [Built In LA]

 

Images via social media and Shutterstock.

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