Weekly Refresh: Quibi Raised $400M, PayPal Completes Honey Acquisition, and More

by Anna Holmquist
January 13, 2020
la
Image via shutterstock.

PayPal completed its acquisition of Honey. The company paid about $4B in cash to acquire the e-commerce technology startup. PayPal announced plans to acquire the company in November. [Built In LA]

Quibi raised $400M. The company, whose name is short for “quick bites,” aims to create mobile-first video content. With the funds, Quibi plan to create more content and pay for marketing. [Built In LA]

Bright Health acquired Brand New Day health plan. The consumer-focused healthcare company provides a range of products and services. The transaction is expected to close in 2020. [PRNewswire]

Energy Efficient Equity changed name to FortiFi. The specialty financing company offers products like PACE, which allows businesses and homeowners to make their properties more energy efficient. The company will continue to grow in 2020. [Business Insider]

Luxury Presence raised $5.4M. The company provides a digital marketing service to real estate agents. Switch Ventures led the funding round, with participation from Bessemer Venture Partners, Toba Capital and more. [Tech Crunch]

AudienceX announced multi-million dollar investment. The independent trading desk for digital marketing uses AI to reach target audiences. The funds will help sales and marketing efforts and expansion into new geographies. [Business Insider]

Los Angeles startup guides

LOCAL GUIDE
Best Companies to Work for in Los Angeles
LOCAL GUIDE
Best Software Engineer Jobs in Los Angeles
LOCAL GUIDE
Coolest Tech Offices in Los Angeles
LOCAL GUIDE
Best Sales Jobs in Los Angeles