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Los Angeles ecommerce startups are becoming a hot commodity. So far this year, according to Pitchbook, VCs have poured $384 million into such companies — and more of that money is being spent so far in 2021 than all of 2020. VCs told us their top ecommerce companies in Los Angeles, and we have them listed here.
⚡️ The deadline to apply for the Long Beach Accelerator program is August 13.
💡 Los Angeles Cleantech Incubator (LACI) is seeking applicants for its Cohort 5 of the Founders Business Accelerator.
🖥 Salesforce is launching a new streaming service aimed at business professionals.
🔬 West Hills-based Pharmavite has acquired urinary health treatment company Uqora, which is based in San Diego.
🛰 SpaceX has acquired Swarm Technologies, a small-satellite data provider based in Mountain View.
📺 Sony Pictures Entertainment has acquired AT&T's Crunchyroll anime streamer for nearly $1.2 billion.
🚁 Pasadena's Jet Propulsion Laboratory is planning for yet another Mars helicopter following the success of NASA's Ingenuity Mars Helicopter.
🔋 L.A.-based Nanotech Energy, a producer of graphene-based batteries, has raised $64 million in a series D funding round.
Without looking, can you guess the top L.A.-based ecommerce companies identified by VCs in dot.LA's latest sentiment survey?
We'll give you a few clues:
- one is a sneaker marketplace that ascended into unicorn status in 2020
- one describes itself as the TikTok of ecommerce
- one has software that allows companies to transition Shopify-based stores into mobile apps
- one is an ecommerce store that's expanded into brick-and-mortar locations to sell living space products
- one says it can cut the cost of branding by hooking you up with the manufacturers directly
In Los Angeles, city officials have introduced a motion to create an #EV master plan, effectively bringing together all of the existing moves by the city and the L.A. Department of Water and Power to create a "roadmap" for electrification of vehicles.
Rent-a-Romper, a kids clothing startup that launched to make "life easier for parents while reducing the burden of clothing on the planet," just made its first acquisition and raised a $150,000 angel round. Rent-a-Romper was also a recent cohort of the Los Angeles Cleantech Incubator.
Rocket Lab will launch the first of three back-to-back launches later this month as part of a multi-launch agreement between the Long Beach-based space systems company and BlackSky, a global monitoring company.