investors surpass $20M in earnings
The LA-based online marketplace announced their users have received north of $20 million in principal and interest from crowdfunded equity and debt real estate investments. More than 300 properties have received investments totaling over $185 million in total funds invested. [Realty Mogul Investors Earn $20 Million: LA Business Journal]
SpaceX has successful launch, first stage landing
After a failed launch in June, SpaceX nailed their most recent mission to space this week. The rocket launched yesterday evening and successfully delivered 11 satellites for ORBCOMM. The mission culminated in a successful landing of their first stage rocket in Florida. [SpaceX Successfully Launches Mission, Nails First Stage Landing: SoCal Tech]
Santa Monica-based Tastemade, a food, travel and lifestyle content producer, raised a $40 million Series D last week. The round was led by Goldman Sachs with participation from Redpoint Ventures, Raine Ventures, Comcast Ventures, Liberty Media, Scripps Networks Interactive and Tohokushinsha Film Corp. The company has now raised over $80 million in capital in total. [Tastemade Raises $40 Million: LA Business Journal]
DTLA-based WiFi network operator Boingo announced increased internet speeds in a select number of airports this week. They will now provide 20Mbps of speed at Baltimore/Washington International Thurgood Marshall Airport, Boston–Logan International, Chicago–Midway International, Chicago–O'Hare International, New York–John F. Kennedy International, New York – LaGuardia International, and Newark Liberty International. [Boingo Boosts Airport Wi-Fi Speeds: SoCal Tech]
Utilizing the gaming company's flagship game Best Fiends, Seriously has partnered with Ellen DeGeneres and various YouTube stars to promote a national charity game called Race Against Slime 2. The cash prize will be donated to one of seven charities competing. [Seriously, Ellen Degeneres partner up to donate $250K through 'Best Fiends': Built In]
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