Companies are warming up the Los Angeles tech scene with new acquisitions and a handful of fresh funding rounds. With new products on the way and growth on the horizon, check out what these companies have been up to. This is the Built In LA Weekly Refresh.
Warner Bros. dropped MultiVersus’ release date. The new two-versus-two battle game is set to be released on July 26. Developed by Player First Games, MultiVersus allows players to battle each other as characters from across the Warner Bros. universes, from Bugs Bunny to Batman. Early access to the game opened on July 19. [Built In LA]
Blockdaemon acquired Sepior. Crypto infrastructure company Blockdaemon has recently completed its fourth acquisition within a two-year period. The company aims to be the one-stop shop for institutions using crypto to manage their backend. By adding digital asset security company Sepior into its solution, Blockdaemon will support its staking product offering. [TechCrunch]
la tech quote of the week
Flip pulled in $60M. Combining social media discovery with modern e-commerce technology, Flip developed a mobile app that lets users help market products to other users. Members of Flip’s digital community can share video reviews of a brand’s product, and other users can purchase that product directly from that video. The company’s Series B will help grow its user base and deepen its brand partnerships. [Built In LA]
Whatnot raised $260M. Operating a live shopping platform where users can buy and sell collectible items from sneakers to sports cards, Whatnot is expanding into new categories with its Series D funding. DST Global and CapitalG co-led this latest round that values the company at $3.7 billion. The capital will help fuel hiring across sales, marketing and engineering as Whatnot works to improve its social commerce marketplace. [Business Wire]
Fairplay secured $10M. The company develops APIs geared toward providing companies with a fairness-as-a-service solution. Its AI-based platform works to reduce algorithmic bias for historically disadvantaged groups such as women and people of color. Fairplay’s Series A round, led by Nyca Partners, will go toward investing in its product and expanding its team. [PR Newswire]
P3 Global Services acquired Film Bureau’s tech. P3 Global Services designs, produces and distributes physical merchandise. Now, the Valencia-based company is expanding into the digital streaming space with the acquisition of Film Bureau’s digital screener platform. The film tech company’s platform allows filmmakers and studios to stream secured video-on-demand content and live events. P3 currently serves clients including Warner Bros., NBCUniversal and Disney. [PR Newswire]
