During a slower week for LA tech developments, a handful of companies pulled in fresh capital and struck up new partnerships. Read more for the latest. This is the Built In LA weekly refresh.
NextCar secured $30M. Announced last October in light of the pandemic, the car-as-a-service company, formed by TrueCar and Fair’s Scott Painter, offers car leases and subscriptions. The seed funding round was led by a private equity firm, and the startup is backed by investors including Reid Hoffmann and Mark Pincus. [Axios]
First Resonance raised new capital. With $5 million in funding to date, the manufacturing software company closed on a new round led by Blue Bear Capital. The company provides customers with a factory operating system that works to help engineers make decisions quickly and collaborate efficiently with their teammates. The money will go toward expanding its team and furthering its platform. [PR Newswire]
LA Tech Quote of the Week
Emotive pulled in $50M. By combining AI and human assistance, this company’s text messaging platform aims to help e-commerce businesses communicate with customers and grow their revenue. The funding from investors including TenOneTen Ventures and Vulcan Capital will allow Emotive to accelerate its go-to-market strategy and build out its product. [Built In LA]
RepairSmith teams up with CarAdvise. The strategic partnership will enable CarAdvise to expand its online vehicle service marketplace to offer mobile mechanics through RepairSmith’s platform. The companies are aiming to keep customers safe during the pandemic by providing no-contact maintenance for at-home car owners and on-location fleets. [PR Newswire]
