Loot Crate scores $23 million
Loot Crate, a monthly subscription service that provides gamer and nerd related items, said Tuesday that it has gained a massive $23 million in new financing. The new capital will go toward refinancing Loot Crate’s outstanding debt facilities. Atalaya Capital Management led the funding round which also saw participation from NECA and Bioworld Merchandising. “We provide a unique opportunity for fans to connect with their passions. With this new investment, and new partnerships, we can focus on what made Loot Crate great and deliver on our vision,” Chris Davis, co-founder and CEO of Loot Crate, said Wednesday in a statement announcing the deal. [Press release]
MyCrypto lands $4 million in Series A funding
MyCrypto, an LA-based cryptocurrency startup, just raised $4 million in funding to help make cryptocurrency more accessible. The company has built an interface that allows cryptocurrency users to create and access a simple digital wallet that helps them save, send and receive virtual currencies, as well as check their balance. The fresh funding will be used to usher the company’s efforts forward and expand their team. Polychain Capital, an investor in cryptocurrency protocols and companies, led the funding round. [Built In LA]
TaskUs branches out to New Mexico
New Mexico just won the bragging rights of being home to TaskUs newest office. TaskUs, a Santa Monica-based scaling partner for newly-funded companies, recently announced that it would expand to Albuquerque, New Mexico. This is expected to create close to 700 jobs at the company, according to reports from the Los Angeles Business Journal. Albuquerque was just one of four potential places that the company considered, including cities in Utah, Texas and Nevada. In addition to Santa Monica, TaskUs currently operates out of San Francisco, San Antonio, Austin and Dallas. [Los Angeles Business Journal]
A new chief brand officer joins the team at Bridg
Bridg, a company that uses AI and big data to help retailers and restaurants identify their customers, has made a new addition to their team. The adtech company named Gerrine Pan chief brand officer, a newly created role. Pan’s appointment is just off the heels of Bridg’s acquisition of mobile app company, Relevant Mobile. She will lead the company’s creative direction, marketing and business development efforts. [Press release]
OMG Totally Bored raises $250K
Totally Bored, a new trivia app aimed at high school and college students recently secured $250,000 in seed funding, an investment from Businessman Oded ‘O.D.' Kobo. Like the name suggests the app supplies trivia questions, poll questions and games that users can play when they are seeking entertainment. The fresh funds will be used to launch an Android app and for the company's marketing. Since it’s "soft launch" in May the app has been downloaded by 50,000 users. [Press release]
