Tech Roundup: Several major fundings, Joybird's acquisition, and more

by John Siegel
July 19, 2018
Openpath smart office security startup los angeles
photo via openpath

Smart office startup Openpath raises big Series B

Openpath, a startup building a tech-powered security alternatives for office buildings, scored a $20 million Series B less than two months after emerging from stealth mode. The round, which was led by Emergence Capital and included follow-on investments from all existing investors, will allow the company to scale its platform and expand its research and development efforts. [Built In LA]

 

pocket.watch childrens media company culver city los angeles california
photo via pocket.watch

Culver City startup announces major funding, partnership with Viacom

Culver City-based pocket.watch, a startup that develops multimedia content for children, announced this week that it has secured a $15 million Series B round led by Viacom. As part of the deal, the startup will begin collaborating with the media giant on upcoming kid-friendly content and to identify the next wave of talented content creators. Founded in 2017, the startup has previously worked with Viacom on the Keenan Thompson vehicle “Skoogle,” a sketch comedy show slated for Nickelodeon. [Built In LA]

 

greycroft los angeles venture capital fund
Photo via Christopher Patey greycroft/

Greycroft closes $250 million fund

Greycroft, a leading venture capital firm with investments in several well-known Los Angeles startups, announced its latest fund this week. Greycroft Fund V — worth $250 million — will focus on smaller seed and Series A round for B2B, B2C and mobile startups. [Press Release]

 

joybird e-commerce furniture startup los angeles
photo via joybird

Joybird acquired by La-Z-Boy

Joybird, an e-commerce furniture startup, was acquired by La-Z-Boy earlier this week for an undisclosed sum. Founded in 2014, Joybird designs and manufactures mid-century modern furniture and, according to La-Z-Boy, generated $55 million in revenue in 2017. [Press Release]

 

seismic games gaming startup los angeles california
photo via social media

Seismic Games acquired by Pokémon Go developer

Seismic Games, a Culver City-based game developer founded by Activision and Pandemic Studios alumni in 2011, was acquired this week by “Pokémon Go” creator Niantic. Financial terms were not disclosed, but the acquisition will grow Niantic's  California team to 300 employees. [LA Biz Journal]

 

los angeles orange county gaming startup
photo via shutterstock

Blast extends its seed round, launches its gaming platform

Newport Beach-based​​​​​ Blast, a gamified savings startup founded by Acorns co-founder Walter Cruttenden, announced the launch of its micro-saving app on the Google Play Store this week. Founded in 2017, the company, which raised a $5 million seed round in March, revealed it had extended the round, taking on an additional $7 million. To date, mobile game developers Zynga, Pocket Gems and Disruptor Beam have all signed on as partners. [Press Release]

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