Weekly Refresh: Last Week Was Huge for LA Tech Funding

by Gordon Gottsegen
October 21, 2019
wheels funding
Wheels

Wheels closed a $50 million funding round. Following the shared e-scooter trend, Wheels has created scooter-like e-bikes that are designed for urban transportation. The company plans to use the money to expand into more U.S. cities, as well as European cities where e-scooters have struggled. [Press release]

CleverTap raised $35 million in Series C funding. CleverTap has created a customer engagement and retention platform that is powered by AI. Although the company is based in San Francisco and Mumbai, it’s hoping to use the funding to build out its LA-based engineering hub. [ETtech]

Pod Foods is expanding to LA. The San Francisco-based food logistics company is expanding its distribution network across the country. In addition to LA, Pod Foods also opened up shop in Chicago and New York. [Built In LA]

TV Time acquired Mediamorph. TV Time is a company that tracks TV and film insights. It will leverage Mediamorph’s Content Value Management platform to provide data-driven analysis. [Press release]

Arianna Huffington’s startup, Thrive Global, is acquiring Boundless Mind. Thrive Global is on a mission to reduce burnout in the American workplace, so it’s pairing with Boundless Mind, which uses neuroscience and AI to unhook us from our digital addictions. [Press release]

FRST Corporation appointed Patrick Gorrell as its CEO. Gorrell co-founded the fintech company in 2017, but held the position of head of product until this past week. He has experience in product and software development, and previously was the VP of Speakr Inc. [Press release]

Assistive robotics startup Labrador Systems raised $2 million in pre-seed funding. The company’s robots are meant to help the elderly live more independently, with the company’s first robot entering pilot studies in 2020. [Press release]

Invoca raised $56 million in funding. That brings the company’s total funding to $116 million. It’ll use this money to add more partnerships, build upon its marketing technology and fuel its customer success team. [Press release]

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