LA BUSINESS JOURNAL DAILY NEWS

P-MRC Acquires Stake in South by Southwest

P-MRC Holdings, a joint venture between Penske Media Corp. and MRC Entertainment, has acquired a stake in the giant music, film and tech conference.

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Bespoke Financial Raises $8 Million for Cannabis Lending Platform

Santa Monica-based Bespoke Financial Inc., has raised $8 million to expand its financial offerings for businesses in the cannabis industry.

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PacWest Catapults Into Top Ranking of HOA Deposit Businesses in US

Acquisitive PacWest Bancorp is shifting its sights to buying deposits instead of banks.

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Local Aerospace Companies Play Major Roles in NASA’s Moon Missions

Later this year, Long Beach-based rocket manufacturer Rocket Lab USA Inc. will attempt its first mission to the moon.

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Boy Smells Lights Up Candle Category With Relevance, Irreverence

Boy Smells' direct-to-consumer candle business is thriving. Its web sales surged by 1,000% in 2020 and account for 75% of the company’s revenue.

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LABJ Insider: The Way BackLABJ Insider: Companies Look for the Way Back

The end is not exactly near, but it may be in sight.

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LA, Long Beach Ports Log Record Results in First Quarter

As cargo ships continue to clutter the horizon at the San Pedro Bay, both ports notched their best first quarter on record.

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Consumer Sentiment in LA Surges as Virus Fears and Restrictions Recede

Local consumer sentiment about current and future business conditions in Los Angeles County and the nation surged during the first quarter from record low levels last year.

Solar Rooftop Installer PermaCity Is Acquired

Downtown-based commercial solar rooftop installer PermaCity has been acquired by Catalyze, an independent renewable power producer in Boulder, Colo.

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System1 Signs Large Sublease in Marina del Rey

Omnichannel customer acquisition company System1 has signed a sublease for 28,688 square feet in Marina del Rey. The value of the lease was not disclosed.

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GumGum Lands $75 Million Investment From Goldman Sachs

Santa Monica-based advertising technology company GumGum Inc. announced a new $75 million investment April 13 from the growth equity division of Goldman Sachs Group Inc.

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Triller Makes Two Acquisitions, Appoints New CEO

Triller Network, the owner of the Triller social media app and several streaming businesses, announced April 14 that it had acquired live event and pay-per-view platform Fite.

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Report Details Pandemic-Driven Job Losses in LA’s Creative Economy

Creative industries were some of the hardest hit by the pandemic, with thousands of workers losing their jobs as productions were put on pause and galleries were shut down.

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FinTech Startup NowLake Partners With Informed.IQ

NowLake Technology, a fintech startup based in Mid-Wilshire and backed by local billionaire Don Hankey, has unveiled a partnership with Informed Inc., which does business as Informed.IQ.

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Broadway Financial Completes Merger to Create Largest Black-Owned Bank in the US

After hanging out a for-sale sign for two years, downtown-based Broadway Financial Corp. can finally breathe a sigh of relief.

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Wealth Manager Audent Capital Launches With $2 Billion Under Management

Audent Capital Partners, a Century City-based wealth manager with more than $2 billion in assets under advisement, officially launched this month.

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Playbook Five Brings Virtual Reality to Football

Virtual reality has made its way into sports, and Playbook Five Inc. is helping the technology find its stride on the football field.

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TvScientific Targets Connected TVs With New Ad Technology

Newly formed startup TvScientific Inc. is creating new ways for advertisers to reach viewers and access valuable data to evaluate the success of campaigns.

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Parabol Aids Businesses With Hybrid Work Environments

Over the last year, the need for software tools to aid teams of remote employees has become obvious for most businesses.

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Cover Technologies Banks on Rising Demand for Prefab ADU Structures

Cover Technologies Inc., a prefab homebuilder running operations out of its warehouse in Gardena, is on a mission to bring more prefab homes to L.A.

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