Tech roundup: Quincy Jones joins Jammcard's funding round, DRINKS raises $15M, and more

by Joyce Famakinwa
September 13, 2018
Music legend Quincy Jones joins funding round for Jammcard
photo via shutterstock

Music legend Quincy Jones joins funding round for Jammcard

In news that must be music to its ears, producer Quincy Jones participated in musician networking startup Jammcard’s latest funding round, according to reports from Billboard. The company recently closed a $1 million funding round. LA-based Jammcard’s app is an invite-only network for professional musicians to connect in various cities. The company also holds exclusive events called JammJams, and has offices in Nashville and Atlanta. [Billboard]

 

Raise a glass: DRINKS secures $15M in Series B funding
photo via shutterstock

Raise a glass: DRINKS secures $15M in Series B funding

Wine distribution platform DRINKS said last Friday that it has raised $15 million in a Series B funding round. The company plans to use the fresh capital to scale. DRINKS’ distribution platform helps sellers market wine portfolios, serving as an in-between for retailers and their customers. It’s also the owner and operator of Martha Stewart Wine Co. and Wine Insiders, which allows consumers to shop for rare wines and have bottles delivered directly to their home, office or one of the company’s local pick-up locations. Beverly Pacific led the round, which also saw participation from Shea Ventures, Guillaume Cuvelier, Yehuda Shmidman, Stable Road Capital and NewRoad Ventures. [Built In LA]

 

Singularity 6 lands $2.5M in funding
photo via Singularity 6

Singularity 6 lands $2.5M in funding

Video game developer Singularity 6 announced on Thursday that it has secured $2.5 million in seed investment from London Venture Partners. The new capital will fuel the development of the company’s first product — a new game that incorporates virtual worlds — and will enable the company to expand their team. “When we met with Singularity 6, we knew right away that we had to be involved,” David Gardner, OBE, general partner, London Venture Partners said in a statement. “Their singular vision for the way games are evolving is unlike any other we’ve come across. Our partnership is going to lead to an exciting evolution in the way people play games together.”

 

Meet the new class at SoCal tech incubator EvoNexus
photo via shutterstock

Meet the new class at SoCal tech incubator EvoNexus

EvoNexus announced this week that a fresh batch of companies was admitted into its technology incubator and entrepreneurial hub. Five companies, including QuickCarl, Cella Medical, AxioSonic, Aumnic and Final Wires, will join EvoNexus’s portfolio of 191 startups. Through their association with the incubator, the companies will gain access to partnership opportunities, mentorship, office space and dry lab space. [Press release]   

 

Momentum IoT picks up $3.1M in funding
photo via shutterstock

Momentum IoT picks up $3.1M in funding

Momentum IoT, a fleet management software developer, said Monday that it raised $3.1 million in funding. Howard Edmund Capital led this round, which also saw participation from Thompson Aerospace. The new funds allow Momentum IoT to push their launch plans for a new edition of its shipment tracking platform forward. A fresh round of funding isn’t the only thing the company has going on, Momentum IoT also announced that Dev Bhatia has joined as their chief marketing officer. Formerly, Bhatia was senior director of product management at CalAmp. [Press release]

 

Cornerstone OnDemand snags Workpop
photo via shutterstock

Cornerstone OnDemand snags Workpop

Cornerstone, an HR management software developer, said Wednesday that it has acquired Workpop. Workpop’s platform helps recruiters and managers looking to hire for jobs in the service industry. The acquisition will integrate Cornerstone’s applicant tracking system with Workpop’s recruiting solution. “The Workpop team provides us with deep domain knowledge and outstanding product design capabilities to further accelerate our momentum in recruiting,” Adam Miller, founder and CEO, Cornerstone OnDemand said in a statement. [Press release]

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