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Exactly picks up funding, sets sail for LA
Fresh off a $4.6 million funding, social media startup Exactly is headed to LA. The app, which allows users to share photos they love and hate, recently hired startup vet Jay Goss, and boasts the co-founder of AskJeeves.com. [SoCal Tech]
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Totum Wealth opens new office in LA
Totum Wealth, a company that provides digital client
engagement and institutional-quality analytics for financial advisors, announced the opening of a new office in LA. The company was launched in January 2016 by seasoned industry veterans, Min Zhang, CFA, previously of PIMCO, and Mark Cone, a former founding partner of Causeway. [Press Release]
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MakersKit hits the road for Techstars
LA-based MakersKit will take their act on the road for the next three months as the makers of DIY project kits head to Minneapolis for Techstars Retail Accelerator. The three month program will focus on developing new technology, experiences, products and solutions that will innovate the $22 trillion retail industry. [MakersKit]
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Bambino brings babysitting on-demand
Santa Monica-based Bambino launched their on-demand babysitting app on Friday. The app connects local sitters with parents in seconds, and allows users to review babysitters. [PaliPost]
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Text shopping app Shop Or Not launches
Shop Or Not has officially launched its new mobile shopping
service, allowing customers to view and purchase products via text message. Once a week, the company texts its users one featured product, including a photo of the item along with a brief description and price. If interested, users simply reply “Yes” to buy the item. [Shop Or Not]
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Fundings of the Week
Investors: Hengxin Mobile Business Co., Ltd
The Virtual Reality Company, the two-year-old brainchild of two-time Academy Award-winning director and visual effects maven Robert Stromberg, announced a $23 million Series A on Tuesday. The company plans on using the funds to produce additional original virtual reality content. [Built In LA]
Investors: Pritzker Group Venture Capital, Wavemaker Partners, Women’s Venture Capital Fund
Vow To Be Chic, a designer bridesmaid dress rental startup based in Santa Monica, announced a $5 million Series A yesterday. The funds will be used to scale the business, improve technology systems and grow the team. [Press Release]
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