Wednesday, September 30, 2015TenOnTen Ventures Gets $13.18M In New Venture FundLos Angeles-based TenOnTen Ventures, the venture capital investor founded by David Waxman and Gil Elbaz, has found $13.18M in commitments for a new venture fund, from 21 different investors, according to a regulatory filing by the fund. Details on the new fund--which is still in the midst of fundraising--have not yet been announced by the investment firm. According to the filing, the fund is now targeting to raise $20M in TenOneTen Ventures, L.P., in an effort which was started back in August of (More info...)
posted on Wednesday, September 30, 2015(Full story)
Jemae Finds $1.3M For Fashion StartupLos Angeles-based Jemae, a fashion startup which offers up designer products which help benefit humanitarian projects, said Wednesday that it has raised $1.3M in a seed funding round. The funding came from strategic investors JS Apparel, Inc. and Katmandu, Inc. The company--co-founded by Rob Carpenter and Scott Wilson--said its business is a "cross between TOMS Shoes and Chanel", and will offer up limited-edition designer products, including dresses, scarves, shahs, purses, jackets, and more, al (More info...)
posted on Wednesday, September 30, 2015(Full story)
Surf Air Expecting 12th AircraftLos Angeles-based Surf Air, which operates a membership-based, all-you-can-fly air service between Los Angeles, Silicon Valley, and a number of other regional destinations popular with technology and venture capital executives, is telling its prospective customers that it is set to receive its twelfth Pilatus PC-12 aircraft in the next day or so. Surf Air had said in April that it expects to have a total of 13 aircraft in its fleet by the end of the year. Surf Air offers up unlimited flights bet (More info...)
posted on Wednesday, September 30, 2015(Full story)
Western Digital Gets Massive, $3.775 Billion Equity Injection From Chinese FirmIrvine-based disk drive and storage maker Western Digital Corporation has received a massive, $3.775 billion equity investment from Chinese company Unisplendour Corporation Limited, which will give Unisplendour a 15 percent stake in the company. According to Western Digital, Unispendour (Unis) will purchase newly issued Western Digital common stock at a price of $92.50 per share for the stake. Unis gets a position on Western Digital's board of directors with the investment. Beijing-based Unisple (More info...)
posted on Wednesday, September 30, 2015(Full story)
CraveOnline Relaunches WebsiteLos Angeles-based Evolve Media said today that it is relaunching its flagship site, CraveOnline.com, with a complete design overhaul and a "significant shift" in editorial direction. Evolve Media said its relaunched site is aimed at 25-34 year old males, and now includes specific content channels for culture, art, design, and style. Evolve Media said the site is now being anged by Executive Editor Andrew Pogany, who was previously Editor-in-Chief of Flaunt Magazine.
posted on Wednesday, September 30, 2015(Full story)
Riverside County In Major 12MW Solar Power ProjectThe County of Riverside has turned on the first stage of a massive, 12MW solar power conversion project, which its installer says is the largest, countywide conversion to solar in the U.S. The massive installation of solar power is expected to help save the county around $200 million over the next 30 years in energy costs. The first stage of the project was installation of solar panels to power the Perris Sheriff Station; as an added benefit, those panels were installed as a solar carport, which (More info...)
posted on Wednesday, September 30, 2015(Full story)