L.A. tech roundup: Patch of Land raises $23.6M, Reserve to buy Hail, and more

by Doug Pitorak
April 9, 2015

Reserve acquires Santa Monica-based Hail Pay

Reserve, a company that creates mobile apps related to restaurant reservation and meal payment, announced on its blog April 7 that it is buying Santa Monica-based HAIL, a payment technology startup. HAIL's app — called Hail Pay — enables users to electronically call on waitstaff, split the bill, and tally up tip. Reserve, headquartered in New York, also announced the purchase of zurvu, an online reservation service. [Reserve Acquires zurvu and HAIL: Reserve Blog]

ZEFR partners with SoundCloud

Today, ZEFR, the company that pioneered rights management on YouTube, announce a partnership with SoundCloud to help the company and its music partners better understand the sharing of content on the platform.

Patch of Land closes $23.6M Series A round

On April 8, Patch of Land announced that it closed a $23.6 million Series A round. The Los Angeles company serves as an online hub for crowdfunded real estate loans. SF Capital Group led the round, and Prosper Marketplace President Ron Suber contributed. [Real Estate Crowdfunder Raises $23.6M: Los Angeles Business Journal]

Fliptu scores $1.2M in seed money, starts new platform

Fliptu, a Los Angeles startup that offers marketers a service that aggregates social content people post about brands, announced April 7 that it raised $1.2 million in seed money. The fundraising will reportedly be put toward vertical expansion, with fashion and live events being likely targets. Investors include Scout Ventures, ex-Amazon CIO Rich Heise, Hivers & Strivers, Kelly Perdew, and more. [Fliptu scoops up $1.2M to help brands scoop up fans’ social posts: VentureBeat]

Snapchat absorbs 375+ requests for information in 3-month span

On April 6, Venice-based Snapchat issued a transparency report, which revealed that the social media app absorbed more than 375 U.S. criminal legal requests for information in a three month span, including subpoenas, court orders, search warrants, and emergency orders. Snapchat said the company did not receive any NSA requests on its platform. [Snapchat Reports Hundreds Of Subpoenas, No National Security Requests: Socaltech.com]

ScoreBig lands $7M venture loan

Horizon Technology Finance Corporation (Nasdaq:HRZN) ("Horizon"), a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life science, health care information and services, and cleantech industries, announced today it has closed a $7 million venture loan to ScoreBig, Inc. ("ScoreBig"), an online marketplace focused exclusively on helping consumers save on live event tickets. ScoreBig will use the funds for general working capital purposes.

Los Angeles-headquartered j2 Global acquires 9 companies

j2 Global, Inc. (NASDAQGS:JCOM), the global provider of Internet services, today announced that its Cloud Services division closed nine acquisitions in the first quarter of 2015, spanning four business units and five countries. These additions grow the company's global customer base, provide access to new markets, and expand j2's product lineup. The acquisitions include: RTE, SpamSoap, EmailDirect, SugarSync, Dobson, Omnis, Opin, iDrift, and BackupSystems.

[ibimage==36936==Original==none==self==ibimage_align-center]Recent graduates from the Austin, Texas program 

MakerSquare to open Santa Monica campus

After taking a poll of students and companies as to where to open its next location, MakerSquare decided on Santa Monica. The private software engineer bootcamp announced April 8 that it will be opening a campus there and that applications are open for classes that start June 29. Tuition for the three-month, 11-hour-a-day bootcamp is roughly $17,000. MakerSquare boasts nearly a 100 percent hiring rate for graduates within 12 weeks of completing the program. [MakerSquare to open L.A. campus to train software engineers: Los Angeles Times]


Conversion Logic closes $4M seed round

On April 8, Los Angeles-based Conversion Logic closed a $4 million seed round. Rincon Venture Partners led the round, and Crosscut Ventures, Lerer Hippeau Ventures, TenOneTen, Founder Collective and Raptor Ventures also contributed. Conversion Logic’s SaaS platform helps marketers and media personnel manage their global, multi-channel media campaigns.  
[Conversion Logic Gets $4M for Media Attribution Software: Socaltech.com]

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