Last week on the LA tech scene, a handful of companies secured new funding while others are taking other routes toward company growth. Read more to learn about the latest news. This is the Built In LA weekly refresh.
Snap acquired Fit Analytics. The social media company made the acquisition to extend the reach of its technology into the e-commerce and shopping sectors. Fit Analytics provides shoppers with a solution for finding apparel and shoes in their appropriate size, and it also offers retailers analytics to help them increase their sales. Snap has made about 20 acquisitions to date. [TechCrunch]
Flowspace pulled in $31M. A boom in e-commerce has led to increased demand for online retailers, meaning they need more space to store their products. Flowspace offers warehousing and order fulfillment services for these businesses and is planning to expand its reach after its Series B funding. BuildGroup led the round that’ll enable the company to expand its network. [Built In LA]
LA Tech Quote of the Week
Pledge raised $3M. The latest addition to its seed funding round brings the fundraising platform’s total to $12 million. The startup is planning to use the money to launch its PledgeCam product, a virtual camera app that operates like a telethon to secure donations. Users can host their events via the platforms PledgeCam integrates with including Google Meet, Twitch, YouTube and more. [Built In LA]
ZenSports got $2.4M. Its mobile sports betting platform provides users with a traditional book in addition to a peer-to-peer sports betting marketplace. With Series A funding from investors including Gaingels and MicroVentures, ZenSports is planning to complete its current U.S. gaming license applications that are on file in Nevada and Tennessee. [PR Newswire]
RepairSmith expands into Portland. By partnering with two nonprofits in the greater Portland area as part of its Jump Start program, the LA company is expanding the reach of its at-home car repair and maintenance service. It’s aiming to provide $250,000 in free services through this program for more nonprofit organizations throughout its service areas this year. [PR Newswire]
