Wednesday, August 9, 2017Pistol Lake Gets $600K For Menswear LineLos Angeles-based Pistol Lake, a developer of a line of men's activewear, said on Wednesday that it has raised $600,000 in a funding round. The round was led by Slow Ventures, and also included Liquid 2 Ventures (Joe Montana), Neil Parikh (Casper), and other angels. Pistol Lake was founded by Will and James Sulinski and Andrew Kneisley. The companies sells t-shirts, henleys, hoodies, and sweatshirts.
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Here Be Dragons Finds $10M For Virtual Reality StudioLos Angeles-based virtual reality studio Hear Be Dragons has raised $10M in a Series A funding, the studio said today, just a week after its sister company, Within, announced its own funding. The funding was led by Discovery Communications. Rebecca Howards of Discovery joins the company's board as a result of the funding. Here Be Dragon said the funding values the company at $55 million. The company's most recently collaboration was with Katherine Bigelow (Detroit, The Hurt Locker) on the VR fi (More info...)
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Disney's Entry Price To Streaming Services: $1.58 BillionBurbank-based The Walt Disney Company made the first move to create its own streaming service on Tuesday, saying it will launch two different video streaming services--one focused on sports, under the ESPN brand, and another direct-to-consumer service under the Disney brand in 2019. To help power those services, Disney also announced Tuesday that it will pay $1.58 billion to buy an additional 42 percent stake in BAMTech, the streaming video services arm of MLBAM, the interactive arm of Major Lea (More info...)
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Funraise Gets $3M For Nonprofit Fundraising SoftwareLos Angeles-based Funraise, the developer of a software platform which helps nonprofits manage their fundraising efforts, has raised $3M in a seed funding round. The funding was lead by Toba Capital, the investment firm founded by Quest Software founder Vinny Smith. According to Funraise, which is led by founder and CEo Justin Wheeler, it will use the funding to accelerate its product roadmap. Funraise provides a customer relationship management software platform which helps automate outreach to (More info...)
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Disney Pulls Films From Netflix, Plans Video Streaming ServiceBurbank-based Walt Disney Co. is pulling all of its movies from Netflix, the studio said on Tuesday, and plans to launch its very own, video streaming service. According to Disney CEO Bob Iger, in Disney's earnings call on Tuesday, Disney plans to launch its own direct-to-consumer streaming service in 2019, rather than licensing its content to other online video streaming services. Disney will also launch a new online, subscription streaming service from ESPN, focused on live sporting events and (More info...)
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Docupace Names Two ExecutivesLos Angeles-based software developer Docupace Technologies, which develops data management and cybersecurity software for financial services firms, has named two executives. According to Docupace, it has named James Caulkins as Chief Revenue Officer, and Rickey Bijlani as Director of Marketing. Caulkins previously served at IBM, Sunguard Availability Services, and Salesforce, and also was co-founder of EcoNation Transportation Services. Bijlani was previously Product Marketing Manager at Corner (More info...)
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