Tapcheck Raised $20M, Valence Got Acquired, and More LA Tech News

Catch up on the latest developments from the LA tech sector.

Written by Ashley Bowden
Published on Jun. 27, 2022
tapcheck
Photo: Tapcheck / Facebook

West Coast tech companies are cooking up a variety of growth moves. Last week saw acquisitions, new funding and a slew of other developments. Check out what’s coming up fresh in the Built In LA Weekly Refresh.

HiveWatch moved to the South Bay. The security company developed a cloud-native platform that works to help teams protect the physical safety of their organization. HiveWatch’s new headquarters encompasses features to support a hybrid workforce and is designed to foster inclusivity. The company has recently expanded its team from 28 to 50 and is currently hiring for a handful of roles across various departments. [Built In LA]

Tapcheck secured $20M. The company provides a mobile app that syncs with an employer’s existing payroll systems and enables hourly employees to access their earnings before payday. The platform announced its Series A funding round, led by PeakSpan Capital, to further its mission of improving business performance by fostering employee financial wellness. [Business Wire] 

la tech quote of the week

“The vast majority of revenue that the average artist is bringing in is through live touring. And we think there’s a really exciting opportunity for them to begin to sell their tickets as NFTs … to VIP supporters who want to have some participation in future stuff that this artist is going to do.” — David Fields, Afterparty co-founder and CEO

Afterparty builds real-life connections through NFTs. The latest Built In LA Future 5 startup combines in-person events with digital art. Users can purchase NFT tickets to gain access to Afterparty’s music festivals and more. Its NFT marketplace and streaming platform will also enable fans to earn exclusive rewards for supporting their favorite artists and creators. [Built In LA]

Greenwood Bank acquired Valence. Atlanta-based banking company Greenwood Bank is on a mission to foster professional growth for members of underrepresented groups. To help do so, it’s adding to its suite of financial services with networking platform Valence. The LA-based company offers a talent recruiting database and professional development programs. The acquisition is Greenwood’s second within two months. [Built In LA]

SteadyMD acquired BlocHealth. Dual-headquartered in LA and St. Louis, B2B company SteadyMD provides infrastructure for telehealth patient experiences. It announced its acquisition of BlocHealth, a platform for clinician licensing, credentialing and payer enrollment. The deal will help SteadyMD further improve clinical capacity for the online healthcare industry. [Business Wire]

TelevisaUnivision and VideoAmp’s new partnership. Spanish-language media and content company TelevisaUnivision is teaming up with LA-based VideoAmp. The latter operates an advertising measurement and optimization solution. This new partnership enables TelevisaUnivision to leverage VideoAmp’s data to power its advertising tech. VideoAmp is also actively hiring for a variety of roles. [VideoAmp]

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