Stories by James
Zwift Inc., the Long Beach-based maker of a popular at-home cycling and running app, has raised $450 million in Series C funding.
Special purpose acquisition companies, or SPACs, are in the midst of their biggest moment yet.
El Segundo-based tax credit and incentives platform Incentify has received $4.25 million in equity investment from Ryan LLC.
Flying Eagle Acquisition Corp., a Century City-based special purpose acquisition company, or SPAC, plans to merge with mobile gaming platform Skillz Inc.
After months of webinars and Zoom meetings, Crypto Blockchain Plug Inc. is coming back to the physical world.
Hancock Park-based Broadway Financial Corp. is set to become the largest Black-led bank in American history.
Having survived one major recession and seen long-term growth in its wake, Mesa West Capital believes the aftermath of Covid-19 could create similar opportunities in their space.
Santa Monica-based Bonfire Ventures, which focuses on investments in business-to-business software companies, has raised $100 million for its second venture fund.
Cybersecurity company Britive Inc. has raised $5.4 million in late seed stage funding.
Despite a global pandemic and one of the most tumultuous economic environments in modern history, U.S. billionaires have done surprisingly well in the past year.
Downtown-based real estate investment company Colony Capital has offered to repurchase any or all of its outstanding 3.875% convertible senior notes due in 2021.
Entertainment payroll and insurance platform TakeOne Network Corp., doing business as Wrapbook, has raised $3.6 million in seed funding.
Culver City-based online security company Signal Sciences Corp. has agreed to be acquired by Fastly Inc. in a $775 million deal.
A group of 10 venture capital firms, including Santa Monica-based Act One Ventures and Marina del Rey-based Fifth Wall Ventures, have pledged to include diversity riders in their term sheets.
Amid this grim picture, banks appear to be something of a bright spot. The sector was one of the few to add jobs during the pandemic, according to state data.
Lending against California’s film tax credits has emerged as a niche industry in recent years. Some industry insiders say this practice will thrive, but others predict the film tax credit space may be in for rough times ahead.
Hancock Park-based Broadway Financial Corp. and CFBanc Corp. have announced plans to merge into a $1 billion institution.
Deal will give EV maker a valuation of $2.4 Billion
Torrance-based electric vehicle developer Canoo Inc. has announced plans to go public through a reverse merger in a deal designed to provide $600 million in total capital.
Greg Seibly stepped into his current role as president of MUFG Union Bank at one of the most difficult economic moments in modern history.
Investing platform PeerStreet has launched a diversified real estate debt fund dubbed Peer Street Credit Opportunity.
Electric vehicle developer Canoo Inc. has announced plans to go public via a reverse merger.
The Los Angeles venture capital ecosystem just received its newest addition with the launch of Playa Vista-based venture studio Share Ventures.
Activist investor Carl Icahn has sold a major stake in downtown-based nutritional supplement company Herbalife Nutrition Ltd.
Gores Group has raised its largest special purpose acquisition company, or SPAC, offering to date. The Beverly Hills-based private equity firm closed Gores Holdings V at $525 million, up $50 million from its initial target.
Culver City-based charity fundraising platform Omaze Inc. has raised $30 million in Series B funding.
Brendan Ross, founder of Direct Lending Investments, has been arrested by the FBI on fraud charges.
After starting 2020 with one of the strongest periods on record, Los Angeles venture capital deal-making took a big hit in the second quarter.
Colony Capital reported a net loss of $2 billion on revenue of $372 million in the second quarter.
Alive Ventures, a venture studio dedicated to helping older Americans, has spun out of Long Beach-based Scan Foundation.
Westchester-based media and satellite Wi-Fi company Global Eagle Entertainment Inc. has filed for Chapter 11 bankruptcy protection.
Wealth management firm LS Investment Advisors, doing business as LSIA, has named Pasadena-based Karen McClintock as its president and chief executive. McClintock is the first woman to hold either role in the firm’s 12-year history.
Century City-based investment bank Houlihan Lokey Inc. reported mixed results in its 2021 fiscal first-quarter earnings.
Sawtelle-based merchant bank American Discovery Capital has acquired Century City-based investment bank Clear Capital Advisors.
Sawtelle-based money manager Miracle Mile Advisors will merge with Playa Vista-based Aequitas Wealth Management, creating a company with assets under management of nearly $2 billion.
Investment in clean technology, or cleantech, is on the rise, and Los Angeles companies are riding the wave.
People of color are underrepresented in many parts of the business community, but when it comes to getting investor dollars to expand a business, those inequities can be even more stark.
Beverly Hills-based Levine Leichtman Capital Partners has kicked off a succession plan for the private equity firm’s top leadership.
Torrance-based electric vehicle manufacturer Fisker Inc. is going public through a reverse merger with a special purpose acquisition company backed by private equity giant Apollo Global Management Inc.
Downtown-based nutritional supplement company Herbalife Nutrition Ltd. has launched a modified Dutch auction self-tender to purchase up to $750 million of its stock.
Electric vehicle manufacturer Fisker Inc. has raised $50 million in a Series C funding round.
Former US Bancorp exec Raffetto is tapped; Warmuth retires after 18 years
Richard Raffetto will replace Christopher Warmuth as City National Bank's president.
City Council prioritizes social equity, launches lottery
The city of Los Angeles has passed sweeping changes to its cannabis regulatory regime, with big implications for the industry in the one of the world’s largest legal markets.
Startup also rolls out device for inspection, traceability
Elementary Robotics Inc., a downtown-based robotics startup, has raised $12.7 million in Series A funding.
Platinum Equity has purchased Deluxe Entertainment Services' distribution business.
Internet services firm J2 Global Inc. has hit back at a short seller report that drove its stock down 9%.
Private equity fund will pursue opportunities during Covid-19 downturn
Century City-based asset manager Ares Management Corp. has closed a $3.5 billion private equity fund.
Company will use funds for SaaS platform
Hollywood-based Pipe Technologies Inc. has raised $60 million in an extension of its February seed round.
Clearlake Capital Group has acquired a majority stake in WhiteStar Asset Management.
Economic uncertainty raises the prospect of an increase in going concern filings
Covid-19 has brought one of the greatest periods of market uncertainty in decades. The answers to major questions like when lockdown restrictions will be fully lifted, when customer demand will rebound and the extent to which the virus will ultimately affect the economy are simply unknowable.
Pandemic boosts usage in food, beauty sectors
At many Los Angeles businesses, cash has become a casualty of Covid-19.