Online learning startup Knowable Universe raised a $3.8 million seed round featuring participation from Upfront Ventures.
ENGINEERING: Company had originally planned to spin off management services
AECOM plans to sell its management services business to private equity firms for $2.4 billion.
Branson backing helps VC firm surpass its goal
Virgin Group Richard Branson invests in M13’s $175 million fund.
Former Snap exec Khan ramps up ecommerce effort
Verishop, founded by former Snap exec Imran Khan, finalizes a $12.5 million pre-Series B raise.
Pepperdine’s Graziadio Business School announced the winners of its second annual Most Fundable Companies competition.
Invoca Inc., a call center analytics firm, raised $56 million in a funding round led by Upfront Ventures.
Wheels Labs Inc., a West Hollywood-based electric bike company, raised a $50 million round led by DBL Partners.
Jia Yueting, founder of Gardena-based electric vehicle company Faraday & Future, filed for bankruptcy Oct. 14 to address mounting personal debts.
Triumph Aerospace will close two factories in Hawthorne and Torrance and lay off 250 employees beginning in December.
El Segundo-based data center management company ServerFarm purchased 5NINES Global Holdings Oct. 10.
Smart lock technology company Nexkey raised a $6 million Series A led by Santa Monica-based Upfront Ventures.
Pasadena-based Thin Line Capital raised a $5 million seed-stage fund to support clean technology and eco-friendly startups.
Electric vehicle startup Canoo and Chief Executive Stefan Krause were sued for wrongful termination by former communications lead Christina Krause.
Cannabis retailer MedMen Enterprises Inc. terminated an agreement to acquire pot cultivator PharmaCann.
Santa Monica-based M13 led a $3.3 million seed round for property rental startup Doorstead.