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ParkMe acquired
INRIX, a provider of real-time traffic information and connected driving services worldwide, announced it has completed the acquisition of ParkMe. In expanding the company’s data aggregation and industry expertise, the acquisition helps INRIX more rapidly deliver a comprehensive set of parking services, including finding, comparing, reserving, and paying for parking from a smartphone or vehicle. With these expanded capabilities, the acquisition further solidifies the company’s leadership as it expands the breadth and depth of the parking services it offers to Audi, BMW and Lexus, among others.
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Black Tux raises $25M
Suit and tuxedo rental startup the Black Tux has raised another $25 million in funding. The Santa Monica startup received the new capital from Stripes Group with participation from prior investors First Round and Menlo Ventures. [The Black Tux Grabs $25M To Dress Men To The Nines: TechCrunch]
Tinder launches new feature
Tinder has launched a new feature, a new Super Like option, which lets users "swipe up" to indicate "heightened level of interest" in another user. According to Tinder, the new feature will only allow a limited number of "Super Likes", with an indication to those users that someone has "Super Liked" them showing up on profiles. [Tinder Launches New Super Like, More Than Just Another Swipe Right: SocalTech]
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First Smashd Labs accelerator class announced
Atom Factory, Troy Carter’s talent management and media company, has announced the six companies participating in its inaugural Smashd Labs accelerator program. The 10-week program provides participating companies with a $50,000 convertible note, office space and mentorship in exchange for a 3 percent equity stake. Companies in the program range from early to late stage. [Atom Factory Announces First Smashd Labs Accelerator Class: LA Business Journal]
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Docstoc shuts down
Santa Monica document sharing company Docstoc Inc. will shut down Dec. 1, two years after it was acquired by financial and tax software developer Intuit Inc. [Intuit Announces Abrupt End to Docstoc: LA Business Journal]
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