Los Angeles | Pixr8 News

25Jul By PriyankaNo Comments

FUNDING

Swoop raises $3.2 Million in Funding

Los Angeles based mobility tech company Swoop raises $3.2 million in seed funding led by Signia Venture Partners, South Park Commons, and a handful of angel investors to build a tech solution for group mobility owners. Alongside Signia Ventures, a number of high profile investors participated in the financing, including South Park Commons led by their two Managing Partners, Ruchi Sanghvi and Aditya Agarwal, the former CTO of Dropbox, etc. The fragmented industry of vehicle owners will now be able to effortlessly book, dispatch, track and manage all their rides through Swoop's SaaS tool. With more than 100,000 passengers on board, the Swoop team has gained outstanding domain expertise and is on the best path to take the $40B group transportation industry to the next stage and we a...

Los Angeles based Drinks Raises $15 M to Serve Wine at Your Home

Los Angeles based DRINKS which operates the leading digital wine platform and the nation’s only Ship-To-Home solution had raised $15 million in a Series B capital round, bringing its total funding to approximately $25 million. The round was led by Beverly Pacific, with participation from Shea Ventures. Other participating investors included the founder of Svedka Vodka Guillaume Cuvelier, former Sequential Brands Group CEO Yehuda Shmidman, Stable Road Capital and existing investors Kayne NewRoad Ventures and DRINKS CEO, Zac Brandenberg. DRINKS will use these new funds to scale its unique ship-to-home platform that enables online and brick-and-mortar retailers to market wine directly to consumers in up to 41 states. “We are excited to announce this additional financing and welcome t...

Leading Indian Dating App Woo Acquires US based DUS Dating App

Leading dating app Woo forges ahead in the online dating space by acquiring DUS, a Los Angeles-based dating app focused on the South Asian community. The move will further strengthen its positioning by connecting Indians all over the world. DUS was specifically designed for South Asian singles to provide them a dating opportunity within their community. Woo, which has been the pioneer in the online dating industry of India since its inception in 2014 is now gearing up for a major global push. This acquisition is a natural step in driving its vision of connecting like-minded singles around the world. Woo announced today that they have formally signed an agreement with DUS and now will acquire its platform and brand to increase their foothold in US, one of the largest markets for the o...