LA tech roundup: Shift comes to LA, Zest heads to China, & more

by Patrick Hechinger
July 1, 2015

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Used car buying is now on-demand in LA

Shift launched in LA this week to provide an end-to-end car buying and selling platform to mobile users. The service sends a "car enthusiast" to the user to pick up their car in order to get it inspected and sell the vehicle on the seller's behalf. [On-demand used car buying and selling comes to L.A.: LA Times]

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Cast & Crew acquired by Silver Lake

Cast & Crew, a technology and payroll service provider to the entertainment industry, was acquired by Silver Lake this week. The Burbank-based company was owned by ZM Capital. Financial terms of the deal were not disclosed. [Cast & Crew acquired by Silver Lake: SoCal Tech]

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ZestFinance takes on China

ZestFinance and Chinese e-commerce company JD.com announced last week that they had formed JD-ZestFinance Gaia to help creditors better assess consumer lending risk in China. [ZestFinance Hopes to Fill the Credit Rating Void in China: LA Business Journal]

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Move Loot launches is LA

Craigslist competitor Move Loot launches in LA this week, providing a new alternative to selling used furniture online. Not only does the company sell the items, but they also handle the pick-up and delivery logistics as well as the refurbishing and photographing. [Craiglsist competitor Move Loot launches in LA: Built In]

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Fundings of the week

Chrome River: $100 million
Led by Great Hill Partners, this series D will be used to accelerate global growth and support product innovation. [Chrome River rakes in $100M, continues as one of the fastest growing LA companies: Built In]
 
Home Hero: $20 million
Led by Graham Holdings with participation from Social+Capital Partnership, Tencent Holdings Limited and The Launch Fund, Inc., the funding will be put towards the company's expansion in to the San Diego and San Francisco markets. [HomeHero grabs $20M, makes key hires to expand platform: Built In]
 
Nativo: $20 million
Led by Advance Vixeid Partners with participation from RezVen Partners, the funding will be used to expand Nativo’s platform solutions, scale operations, and expand its international footprint. [Nativo raises $20M, expands global reach: Built In]

Have a tip for us or know of a company that deserves coverage? Email us via [email protected]

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