- Rights Management Platform Brainbase Beefs Up C-Suite, Following $8M Raise
- Former QuickBook Executive to Lead Headspace's International Operations as Global Audience Grows
Headspace Adds Former QuickBook Executive as Global Audience Grows<img lazy-loadable="true" src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMjY3OTM3MC9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYxMTI4MjEwMX0.3lEVWrHJp9r5rJpYEhx7sQUk-RHdMhOhdnzevOukAME/img.jpg?width=980" id="3bd78" class="rm-shortcode" data-rm-shortcode-id="6995569c302d1648ea6a013eb0bff407" data-rm-shortcode-name="rebelmouse-image" />Headspace makes meditation app free for the nation's 23 million unemployedShutterstock<p>In the world of meditation, there is no time like the present. That's especially true for Santa Monica, Calif.-based Headspace.</p> <p>The mindfulness and meditation company, with more than 65 million users in 190 countries, has seen its consumer product's downloads double since March, which was the same month the World Health Organization declared the novel coronavirus a global pandemic.</p> <p>Headspace for Work, its corporate mental health offering, has also seen a 500% increase in interest, as companies like Tesco, Hewlett Packard Enterprises and Publicis signed on. Europe has become the fastest-growing region for such corporate partnerships worldwide.</p> <p>That global growth led Headspace to announce Tuesday plans to expand its executive staff, appointing Jolawn Victor to the newly-created role of chief international officer.</p> <p>"The need for mindfulness and meditation to mitigate stress and anxiety to care for our mental health, is more prevalent now than ever," said CeCe Morken, president and COO of Headspace, in a statement. "Whether we are reaching members through our work-place solutions, or the curated content in-language, we are more committed than ever to our goal of making mindfulness accessible to all, regardless of where they may be." </p> <p>Victor, who is London-based, previously worked at Intuit QuickBooks where she served as the head of emerging markets and global expansion and led operations across 150 countries. Victor has also worked at PepsiCo, Kraft and General Mills. She said in a statement that she is thrilled to "help increase the awareness of mental health and wellness in existing and emerging markets" especially today.</p> <p>The stats tell the tale of stress, anxiety and isolation that has brought users to Headspace.</p> <p>Since mid-March through the end of May, Headspace reports it saw live group meditation up by 70%, 10 times the numbers of users beginning the company's stressed meditation program and 12 times the users doing a "reframing anxiety at-home" workout. Headspace also found a 33% increase in sleep music usage. </p> <p>Earlier this year, the meditation company announced a <a href="https://dot.la/headspace-raises-93-million-2645125732.html" target="_self">Series C funding raise of $93 million</a> with an extension of $47.7 million that Headspace said it applied this June.</p><p>___</p><p><em>Do you have a story that needs to be told? My DMs are open on Twitter </em><a href="https://twitter.com/latams" target="_blank"><em>@latams</em></a><em>. You can also email me at tami(at)dot.la, or ask for my contact on Signal, for more secure and private communications.</em></p>
Rights Management Platform Brainbase Beefs Up C-Suite, Following $8M Raise<img lazy-loadable="true" src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzYwMjAyMC9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTY0MzkzMTUwMn0.artE9H5bfYWx7Ii1KBMuBQmyiPhuJxvFxyZB_IgvNLs/image.png?width=980" id="82152" class="rm-shortcode" data-rm-shortcode-id="eb5227da4aaa2e157fb12e579eb089ad" data-rm-shortcode-name="rebelmouse-image" alt="Brainbase" /><p>Brainbase, an L.A.-based tech company aiming to simplify and streamline the management of intellectual property like copyrights and patents, announced two executive hires on Tuesday. The moves follow the company's $8 million Series A in May, led by Bessemer Venture Partners and Nosara Capital. </p><p>Gautam Godse, former vice president of product at Glendale-based LegalZoom, which offers technology to replace lawyers for some legal tasks, is now Brainbase's senior vice president of product. He is charged with expanding Brainbase's product suite to help brands further monetize their intellectual property. </p><p>"There is a tremendous opportunity to modernize the intellectual property space using advanced machine learning and AI techniques," Godse said in a statement. "I am excited to join the team and start building these new product experiences in the legal tech industry." </p><p>Henri Kroosmann, the former engineering manager at enterprise sales software provider Pipedrive joins Brainbase as vice president of engineering. He will focus on optimizing the product, recruiting engineers and positioning the company for long-term growth. </p><p>"I want to use my experience to take the company to the next level in terms of quality, scalability and performance," Kroosmann said.</p><p>Brainbase is <a href="https://dot.la/meet-the-24-year-old-trying-to-disrupt-the-intellectual-property-industry-2646319922.html" target="_self">helmed by mid-20s wunderkind Nate Cavanaugh</a>, who called this moment "an important inflection point for the company." It counts among its clients BuzzFeed, the Vincent Van Gogh Museum and Sanrio (of Hello Kitty and friends fame). </p>
- Brainbase CEO Nate Cavanaugh on Striking Out as a Young CEO ... ›
- Headspace makes meditation app free for the nation's 23 million ... ›
- Snap Partners with Headspace For Meditation Tools - dot.LA ›
- Amazon May Soon Be Liable In California for Defective Items - dot.LA ›
California's AB 3262 Is Quietly Shelved; GoodRx Files for IPO; Scopely Adds FoxNext Exec to Its Ranks
- California Bill to Make Online Marketplaces Liable for Faulty Products is Shelved
- GoodRx To Enter NASDAQ as GDRX
- FoxNext Games Executive to Head Scopely's Business Operations
FoxNext Games Executive to Head Scopely's Business Operations
FoxNext Games Executive to Head Scopely's Business Operations
Scopely, the Culver City-based gaming company behind Scrabble Go and several other mobile games, has named former FoxNext Games executive Aaron Loeb as its chief business officer.
The move to bring in the veteran gaming executive came as part of Scopely's acquisition of FoxNext's gaming division, which it bought from Disney after then-CEO Bob Iger spun it off from 20th Century Fox.
Before FoxNext, Loeb was president at mobile gaming studio Kabam and its spinout Aftershock, following stints as vice president and group general manager at games publisher EA and CEO at Planet Moon Studios, a game developer.
Loeb will oversee several teams at Scopely, with a focus on "refining game development, tech quality and creative processes," according to the company statement. He will be based in the company's London offices, where Scopely has pushed its European expansion.
The move comes as the gaming industry has been growing rapidly. There are nearly 3 billion gamers worldwide – that's more people than live in China and India, the world's two most populous countries, combined. One big reason that number is so high? Mobile games. Those "gamers" range from professional esports players seeking fame and fortune to folks waiting for their lattes by twiddling at games like Scrabble Go and Candy Crush.
Earlier this year, nine-year-old Scopely raised a $400 million Series D, bringing its total funding raised to over $650 million. That cash helped to finance Scopely's acquisition of FoxNext Games in April. Scopely's other game titles include Yahtzee With Buddies, which has earned over $500 million in lifetime revenue according to a company statement, and Marvel Strike Force, which was developed by FoxNext.
In addition to its L.A. HQ and London office, Scopely has offices in Boulder CO, Tokyo, Dublin and Barcelona.
California's AB 3262 Is Quietly ShelvedCalifornia Could Soon Make Amazon, Other Online Marketplaces Liable for Defective Products
A California bill that would have held Amazon and other online marketplaces strictly liable for defective third-party products was quietly shelved over the weekend.
The bill, AB 3262, authored by Democratic Assemblyman Mark Stone of Santa Cruz, was expected to be voted on by the state Senate before session adjourns Monday. But the bill has spurred increasing opposition among the business community. A novel coronavirus scare among Republican senators after one had tested positive last week further delayed the vote.
Stone said in a statement that he recognized the complexity surrounding the purchase of flawed or falsely advertised products online but wanted to "move beyond the 'Buyer Beware' mentality, and toward an online policy that has been the law for brick-and-mortar retailers in California for decades."
Supporters of the measure have said it is crucial to leveling the playing field for such brick-and-mortar stores, but critics say that the bill places an unnecessary burden on small businesses and startups with tighter budgets to address such issues who are already under tremendous strain during a global pandemic.
"Unfortunately, despite promising ideas and potential paths for moving forward, AB 3262 will not advance in its present form by the legislative deadline," Stone said. "I am committed to continuing the conversation with the online industry, with my follow [sic] members in the legislature, and with California consumers, to create a strong and effective measure in the future that ensures that if a defective product is purchased online, the consumer has a remedy."
GoodRx To Enter NASDAQ as GDRX
Prescription discount GoodRX filed to go public Friday and is looking to raise $100 million. It will be traded on the NASDAQ under the ticker symbol "GDRX" later this year.
Co-founded by former Facebook executive Doug Hirsch in 2011, the Santa Monica company makes money by collecting fees from pharmacy benefits managers. It offers comparison pricing at different pharmacies and has been one of the most popular downloaded medical apps.
While some tech companies are going out for IPOs while losing money, GoodRx stands apart for its steady profit growth over recent years. It earned $54 million in profit for the first six months ending in June, up from $31 million over the same time last year, a 74% increase.
The company targets consumers who are paying for drugs out-of-pocket at drug stores, and many of them have fallen off during the pandemic, choosing instead to stay home or avoid the doctor. Second quarter use fell to 4.4 million from 4.9 million from the prior quarter, although usage appears to be picking up again.
Last year, GoodRx expanded into telehealth with HeyDoctor and, while patients have flocked to the new service during the pandemic, the division is less profitable than the prescription side of the business.
In its filings on Friday, the company laid out some of its biggest risks, including a model that's highly dependent on a drug pricing structure dictated by pharmaceutical manufacturers and wholesalers, insurance companies and benefits managers - all of which it has little control over. The company is also reliant on more than a dozen benefit managers, but their business is dominated by just three of them.
Earlier this year, Hirsch and co-founder Trevor Bezdek told CNBC they are "constantly worrying" about regulatory issues like single payer health care, competition and the industry souring on them.
"All we can do, and all we have done, is stayed true to our mission of helping provide more transparency to consumers," Bezdek told CNBC.
- Amazon May Soon Be Liable In California for Defective Items - dot.LA ›
- GoodRx Shares Soar 50% on Wall Street Debut - dot.LA ›
LA Tech Updates: Techstars Music Accelerator Seeks Startups; Wrapbook Gets $3.6M in Seed Funding; PatientPop Raises $50M
- Applications Are Open for Techstars Music Accelerator Program
- Wrapbook, Provider of Payroll for Productions, Unwraps $3.6 million in Seed Funding
- PatientPop, a Digital Health Marketing Firm, Raises $50 million
PatientPop Raises $50M as Demand for Online Healthcare Rises<img lazy-loadable="true" src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzE4MDE0Ni9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY2MzE4OTQ0OX0.wJwNz-HrIONbuhfSBaEv6hdEVrtiUxxpbfvQvLix2UY/img.jpg?width=980" id="6cc92" class="rm-shortcode" data-rm-shortcode-id="7e40cffcab79e931224cafaf79cde2be" data-rm-shortcode-name="rebelmouse-image" /><p>As doctors and hospitals are scrambling to get their services online, PatientPop, a company that does just that has raised $50 million as investors bet heavily on new forms of delivering healthcare.</p><p>The Series C funding is led by HLM Venture Partners with participation from previous investors Toba Capital, Transformation Capital and Silicon Valley Bank. And it includes new investors like Commonfund and Vivo Capital.</p><p>"This is more important than ever as providers quickly adapt their digital strategy and presence to attract and retain patients, and seek the technology and tools they need to successfully operate their practice throughout the COVID-19 pandemic," said co-founder and co-CEO of the Santa Monica-based company, Luke Kervin.</p><p>PatientPop works with the patient's electronic medical record and electronic health record to connect them to doctors that best fit their needs. It also allows patients to track and book their appointments.</p><p>According to FairHealth's monthly telehealth tracker in May calls went up 9.19% compared to last year.</p><p>The platform also works with doctors to use SEO in order to have them grow their online presence and increase bookings. It also offers PatientPop Pro to make it easier for doctors to manage their marketing efforts. </p><p>"PatientPop will no doubt continue to help doctors adopt new technologies that are critical to practice success," said principal of Vivo Capital, Nathan Dau in announcing the raise.</p>
Techstars Music Accelerator Aims for Diversity in 2021<img lazy-loadable="true" src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzU4MjI0Ni9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY1ODEyNTEzMn0.CyMwaQnB7_ZnL18XwBLnYjldj0KuwIGDJjQjfk3kQ70/image.jpg?width=980" id="6f12c" class="rm-shortcode" data-rm-shortcode-id="c275e678cf80a04ddb3f5fa889eb6076" data-rm-shortcode-name="rebelmouse-image" />
By Nadya C/ Shutterstock<p>Applications for the 2021 Techstars Music Accelerator open today. </p><p>The L.A.-based program will begin on February 16th, 2021 and culminate in a demo day in mid-May. It will accept applications until November 13th. </p> <p>"Now, more than ever, we need to do our part to support incredible entrepreneurs, regardless of their cultural background, economic status or physical location," wrote program director Bob Moczydlowsky in <a href="https://medium.com/@bobmoz/techstars-music-2021-unprecedented-challenge-and-opportunity-fa939f9d207f" target="_blank">a blog post</a>.</p> <p>Techstars Music 2021 will be virtual, meaning participating startups don't have to relocate to L.A. The entire selection process will be conducted by video conference. </p> <p>"As investors," Moczydlowsky's post continues, "we think this is a once-in-a-generation opportunity to build a gigantic business in music and live events. We also think it is the perfect opportunity to build a more equitable and diverse music business."</p> <p>To that end, the program is committing to having 50% of its CEOs be "diverse," with a focus on Black, LGBTQ+ and female founders. This benchmark will remain in place for future cohorts as well. </p> <p>The Techstars Music program is a collaboration between Techstars and several groups in the music business. This year, partner companies include Warner Music Group, Sony, Peloton and Amazon Music. Such members provide capital to the program and also help run it. Participants also get access to many other mentors from the music, tech and venture capital worlds.</p> <p>Prior program participants have collectively raised over $90 million after the program, Moczydlowsky wrote.</p><p>The application portal can be found <a href="https://www.f6s.com/musicaccelerator-2021/apply" target="_blank">here</a>.</p>
Wrapbook, Provider of Payroll for Productions, Unwraps $3.6 million in Seed Funding<img lazy-loadable="true" src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzU3ODgzNS9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTYyOTM5MjkzOH0.V6atS0zD42fGSSGuRiqnE7GHs5YygbWuk9vPUg41gcc/image.png?width=980" id="cb7f9" class="rm-shortcode" data-rm-shortcode-id="f65d372ca6d9b3ff8f4fd73ff0e059bd" data-rm-shortcode-name="rebelmouse-image" />
Wrapbook is seeking to be the leading payroll processing platform for the entertainment industry.<p><a href="https://www.wrapbook.com/" target="_blank">Wrapbook,</a> which is seeking to be the leading payroll processing platform for the entertainment industry, announced Tuesday it has raised $3.6 million in seed funding. <a href="https://www.equal.vc/approach/" target="_blank">Equal Ventures</a> led the round with participation from Uncork Capital and 4S Bay Partners.</p><p>"Wrapbook is the easiest way for employers to compliantly pay employees for a week of work," Wrapbook co-founder and CEO Ali Javid said in a written statement. "We are here to help employers and employees be paperless to assist with COVID-19 and be compliant [with] AB5 in entertainment and across project based industries."</p><p>The company previously raised from One Planet Ops and NYU Innovation Venture Fund in March on a SAFE (simple agreement for future equity) at a $5.5 million valuation that converted during this seed round, according to Pitchbook.</p>