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Why Fast Fashion Disruptor Tradesy Is Winning Investors
Why Fast Fashion Disruptor Tradesy Is Winning Investors
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Tracy DiNunzio wants to kill fast fashion. And her peer-to-peer fashion online marketplace Tradesy is winning the hearts of investors by itself apart from competitors like Etsy by focusing on environmentally conscious fashion. The Santa Monica-based company recently raised $67 million in a Series D funding round led by Foris Ventures.
✂️ HBO Max is slashing its subscription prices to almost half after it dropped out of Amazon's Prime video channels.
🎞 Redbox, the entertainment company known for their red kiosks, has acquired the distribution rights to Bruce Willis' new movie, Vendetta.
🏀 The LA Clippers and the software company Intuit have signed a 23-year naming rights deal to call the NBA team's new Inglewood arena the Intuit Dome.
🔬 Medtech giant Medtronic has acquired the implantable insulin pump technology developed by the L.A.-based Alfred E. Mann Foundation for Scientific Research.
🖼 Autograph, the L.A.-based NFT platform co-founded by Tom Brady, has signed a deal with SLAM to create and sell NFTs on the DraftKings Marketplace.
🏢 Treehouse, a co-living startup in L.A., has set its eyes on a second residential complex in Los Angeles' Park Mesa Heights.
💰 Cisco Systems has acquired Irvine-based Linksys, a manufacturer of home network products, for $500 million in stock.
With the infusion of cash, Tradesy has hired a new chief operating officer, Amy Gershkoff Bolles, who led the global data science team at eBay. The company will also be continuing to develop AI and machine learning technologies so that the resale experience can be "seamless" for buyers and sellers.
Fifth Wall, the fast-growing real estate tech venture firm, revealed this week that it has scored at least $116.8 million for its Early-Stage Climate Technology Fund. That figure is up from $79.5 million in May 2021, when the firm last disclosed its fundraising efforts for the climate investment vehicle.
After two years away from the spotlight, the Los Angeles Auto Show is plotting a comeback — and a reinvention with the changing climate. The show in November will focus not only more on electric vehicles, but on an education on rapidly changing automotive technology.
San Francisco-based autonomous trucking company Embark is carrying out a new pilot program in Los Angeles with computer hardware giant HP Inc.
We are thrilled to announce the dot.LA Startup Awards 2021, a celebration of the most innovative people and companies in the L.A. startup and tech community. The event will be hosted live on Friday, October 29th, during the dot.LA Summit.
Nominations are open for company submissions in six categories. Get involved and nominate a startup or an individual to win an award by clicking here.
We're looking for Southern California startups that have a product on the market and have raised less than $1 million in funding to pitch at dot.LA's Summit on Thursday, October 28th at 6:00pm PT on the main stage at Fairmont Miramar.