Los Angeles' tech scene did not cool off in July. LA's startup ecosystem was ranked the third best in the world and investors must have been listening because they continued to dish out fundings. Here are the top five rounds of July:
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5. Fuisz Media, $10 million, July 30
Who invested: Evolution Media Partners
What they do: Fuisz Media has created commerce-enabled interactive video technology that allows viewers to touch or click different items within the video to receive more information.
What’s new: Fuisz made major moves at the Cannes advertising festival, signing up 10 brands to use the product in their ad campaigns.
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5. FreedomPop, $10 million, July 30
Who invested: Atomico, Axiata, DCM, Mangrove Capital Partners, Partech Ventures
What they do: FreedomPop provides a 4G wireless internet connection at a low price.
What's new: Alongside their investment, pan-Asian mobile carrier Axiata inked an agreement with FreedomPop to bring their services to Asia for the first time.
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5. Wevr, $10 million, July 31
Who Invested: HTC
What they do: Wevr is developing virtual reality capture tools to help aspiring creatives create VR content.
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4. Thrive Market, $32.9 million, July 23
Who invested: Greycroft Partners
What they do: Thrive Market is an online marketplace of over 2,500 products catered to customers looking for healthy foods, vitamins, home goods, and beauty supplies.
What’s new: Along with Greycroft Partners, many celebrities took notice of Thrive Market. Demi Moore, John Legend and Toby McGuire all pitched in to the Series A.
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3. RealtyMogul.com, $35 million, July 14
Who invested: Sorenson Capital, Canaan Partners
What they do: Realty Mogul is an online crowdfunding real estate marketplace for investors to pool money online and buy shares of pre-vetted investment properties.
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2. WhipClip, $40 million, July 7
Who invested: Eminence Capital
What they do: WhipClip lets you grab slips from various TV shows and legally share them with your friends on social media.
What’s new: WhipClip CEO Rich Rosenblatt
recently discussed the symbiotic relationship between LA tech and Hollywood.
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1. Flipagram, $70 million July 16
Who invested: Seqouia, Kleiner Perkins Caufield & Byers, Index Ventures
What they do: Flipagram is a stand-alone social media site that allows users to create compelling visual stories with the world’s most popular music.
What’s new: Flipagram
simultaneously announced that its tens of millions of users can now pull from a library of millions of songs owned by Universal Music Group, Sony Music Entertainment, Warner Music, and others to use as background music for their videos.
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