Tech Roundup: Dropoff comes to town, acquisition season continues and more

by John Siegel
July 28, 2016

Dropoff brings same-day delivery to LA

Austin-based same-day delivery service Dropoff is expanding to LA. Founded in 2014, the company has quickly established itself as the leader in on-demand, same-day delivery service, offering a platform designed for companies in a pinch[Press Release]

 

Legend VR partners with comic book legend Stan Lee

Legend VR, the Hollywood-based virtual reality arm of Legend 3D recently announced a partnership with legendary comic book publisher Stan Lee to develop series of virtual reality episodes for Stan Lee's Comic Crusaders, which premiered at Comic-Con. [SoCal Tech]

 

MaxCDN, TouchCommerce acquired in separate deals

MaxCDN was one of a slew of acquisitions by Dallas SaaS startup StackPath, which recently launched. The financial terms of the deal were not revealed. [Tech Crunch]

Customer service software provider TouchCommerce was acquired by Nuance Communications for $215 million, which was split between $110 million in cash and $85 million in stock, with $20 million in earn out. Prior to the acquisition, the Agoura Hills-based company had raised $32 million in funding. [SoCal Tech]

 

Wpromote extends its reach, acquires Standing Dog

El Segundo-based marketing company Wpromote announced this week it had acquired Dallas-based internet marketing company Standing Dog. The company reported it had brought on more than 70 employees from Walking Dog as a part of the deal. [​Wpromote]

 

Fundings of the Week

Scopely, $55 million
 
Investors: Greycroft Growth Fund, Elephant Partners, Evolution Media Partners, Highland Capital, Sands Capital Ventures and Take-Two Interactive.
 
Mobile game develop Scopely announced a $55 million round of funding this week. The maker of The Walking Dead: Road to Survival and YAHTZEE With Buddies has raised over $100 million since being founded in 2011, and plans to use this round to support its flagship franchises. [Built In LA]
 
Influential, $5 million
 
Investors: Capital Zed, ROAR, Paradigm Talent Agency, Europlay Capital Investors and Ace Fund.
 
Influential, an influencer marketing company that uses IBM Watson to harness unstructured data to better connect brands with Influential's robust network of social media influencers, announced the a $5 million round of funding yesterday. The company plans to use the financing to hire more [Built In LA]
 
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