The Irvine-based software company is ushering in a new age of concert-going security by offering opt-in insurance packages in coordination with major ticket sellers like Events.com. With a fresh $8 million in funding led by American Family Ventures and IA Capital Group, the company is off to a strong start heading into 2019. [Built In LA]
The nutrition-focused edtech company raised $5.2 million in Series A funding this week. Wavemaker Partners and Springboard Ventures led the round, with participation from RezVen Partners. TITAN is a portfolio company of Irvine-based accelerator, Cie Digital Labs, which helped secure the funding. TITAN will use the funding to grow their team as they expand their reach nationally. [Built In LA]
Elementary Robotics, the brainchild of industry veterans Bill Gross (Idealab) and Arye Barnehama (DAQRI), raised $3.6 million this week. The money will go toward construction on a robot manufacturing site, according to the company. Elementary Robotics is the latest in a long list of robotics companies that have laid down roots in the Los Angeles area in recent years. [TechCrunch]
The Long Beach-based virtual sports company raised $120 million in Series B on Wednesday, led by European VC firm, Highland Europe. The round brings Zwift to more than $164 million in total funding and will be used to launch the company’s first e-sport effort, a professional biking competition called Kiss Super League. [LA Biz Journal]
Car leasing app Fair raised $385 million this week. The company’s Series B was led by SoftBank with participation from Exponential Ventures, Munich Re Venture’s ERGO Fund, G Squared and CreditEase. According to a press release, the investment will allow the company to scale its consumer platform and Uber partnership globally. “This financing signals that Fair will be a critical and enduring component of this transition in mobility,” said Scott Painter, Fair’s founder and CEO. [Press release]
