and tapcart

A Shopify-based mobile ecommerce app that exploded during the COVID-19 pandemic is gearing up for a rise of mobile ecommerce.
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Image by Markus Mainka/ Shutterstock

Ecommerce companies are some of Los Angeles hottest startups.

Companies like GOAT, an online marketplace for sneakerheads, are reeling in cash in a white-hot market. GOAT raised $195 million in a late-stage funding round in June, more than doubling its valuation to $3.7 billion. Tapcart, a Shopify-based mobile app, raised $50 million in a Series B funding round also in June. Popshop Live, a livestream shopping platform, announced a Series A round of funding in July that valued the company at $100 million. Italic, an online retailer that sells luxury goods at cost, had a $26.9 million infusion of cash through an early stage funding round in April.

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"You really take stock of your life when you're on psilocybin."

The FDA recently granted psilocybin a "Breakthrough Therapy" designation. The California State Senate approved a bill this month to decriminalize psychedelics. As restrictions loosen, reporter Keerthi Vedantam looks at the L.A.-based startups poised to meld treatment with tripping.

YouTube Theater will launch this summer in Inglewood.

How a 'Digital City Hall' helped Santa Monica work through COVID-19.

Snapchat crashed with the latest Apple App Store update.

Spotify and Jemele Hill launch podcast network for Black women.

SpaceX aims for a Starship orbital launch in July, despite regulatory hurdles.

A judge dismisses FTC and state antitrust complaints against Facebook.

Global app spending is up more than 24% year-over-year.

YouTube TV will allow 4K streaming, downloading shows offline and unlimited home streaming.

The LA Startups Rethinking Psychedelic Therapy

As the FDA and the California State Senate rethink efforts to criminalize psychedelics, a handful of startups are popping up in Los Angeles to take advantage of potential new medicines that could revolutionize therapy for people dealing with severe depression and PTSD.

Ring CTO: 'Our Customer Is Not the Police'

Ring is drawing increased scrutiny from privacy and social justice advocates concerned about its partnerships with law enforcement and reports of racial profiling by users. We spoke with their chief technology officer about how they approach privacy and safety issues.

Event: How the Creator Economy Is Changing Hollywood

Our first in-person summer series event sought to bring some understanding to the creator economy and the ways it's shifting power relationships in Hollywood. Our panel included Wheelhouse executive Avi Gandhi, influencer Loey Lane, Slash Management's Jake Webb and dot.LA host Kelly O'Grady. Watch highlights >>

Mobile Ecommerce Platform Tapcart Raises $50M

The company plans to use the new funds to hire around 200 more people, mostly at its Santa Monica headquarters, and expand to businesses in areas like Europe, Australia and New Zealand.

Genies Moves From Venice to Marina Del Rey

The move comes on the heels of the avatar-building startup's $65 million fundraise. The space includes a recording studio, screening room, 25-foot ceilings and enough space to double the company's employee count.

Xponential Fitness Revives Its Bid to Go Public

Xponential Fitness Inc., the boutique fitness brand behind workout studios like Rumble and Pure Barre, has filed paperwork for an IPO. Since its founding in 2017, the company operates 1,775 storefront locations.