The Strand 🌴 - May 12, 2019

Happy Mother's Day! Bird is now selling scooters directly to the public, Disney writes down $353 million on its investment in Vice, and Anthos Capital is raising the firm's fourth fund.

Welcome to the thirty-fourth edition of The Strand, a weekly-ish newsletter covering venture capital, private equity, and general business news from around the Los Angeles area. My name is Brendan Boken, a native of Southern California. Feel free to connect with me on LinkedIn, send deals/news to brendanboken@gmail.com.

Venture Capital Funding

ChowNow, a nine-year-old, Playa Vista, California-based online ordering and marketing platform for restaurants, has raised $21 million in Series C funding co-led by 3L Capital and earlier investors Catalyst Investors. Venture Beat

Indose, a two-year-old, Woodland Hills, California-based company that makes cannabis vaporizers, has raised $3.5 million in Series A funding led by Los Angeles-based Casa Verde Capital. PR Newswire

Liquid Death, a one-year-old, Los Angeles, California-based water brand, has raised $1.6 million in seed funding led by earlier back Science Inc., with additional participation from Dollar Shave Club founder Michael Dubin, Twitter co-founder Biz Stone, and Away co-founder Jen Rubio. CNBC

Neural Analytics, a nine-year-old, Los Angeles, California-based medical robotics company that’s developing and commercializing technologies to measure and track brain health, has raised $22 million in Series C funding led by Alpha Edison. The financing brings the company’s total funding to $66 million. Robot Report

Pearl, a new, West Hollywood, California-based computer vision startup focused on the dental industry, has raised $11 million in funding from undisclosed strategic investors as well as Craft Ventures. TechCrunch

VTS, a seven-year-old, New York-based real estate tech company that provides commercial property owners online tools for managing leases, has raised $90 million in Series D funding. Brookfield Ventures led the round, and was joined by GLP, Tishman Speyer, and earlier backers, including Los Angeles-based Fifth Wall Ventures. Wall Street Journal

Private Equity Funding

No Los Angeles-based investors or companies were involved in private equity transactions this past week.

Liquidity / Exits / M&A

Gen Cap America Inc. sold Alpha Technics Inc., an Irvine, California-based developer of precision temperature measurement solutions, to TE Connectivity. Financial terms were not disclosed. PE Hub

New Funds

Anthos Capital, a Santa Monica, California-based growth equity firm, is raising up to $550 million for its fourth fund, per an SEC filing. PE Hub

IPOs

No Los Angeles-based companies filed or went public this past week.

On The Move

No Los Angeles-based companies gained notable new employees this past week.

Featured Jobs

Flexport, the company on a mission to make global trade easier, is hiring a Global Account Executive in the company’s greater LA office.

Mobcrush, a video streaming company, is hiring an Account Manager in the company’s Santa Monica office.

Safire Partners, a retained executive search and talent advisory firm, is hiring a Recruiting Associate in the company’s Culver City office.

News, Resources, & Required Reading

Bird is now selling electric scooters directly to the public. The Bird One scooter will cost $1,300 and come in a choice of black, white, and rose. Fortune

Disney has taken another write-down on its investment in Vice Media. The company has recorded a $353 million impairment charge on its home ownership stake in the new media startup. This follows a $157 million write-down on its Vice investment this past November. Hollywood Reporter

How LA-based Beyond Meat and fake meat in general has captured the tech world’s imagination. Built in LA

In a regulatory filing late Monday, Tesla CEO Elon Musk confirmed that he purchased a total of $25 million worth of Tesla stock in a public offering. Musk purchased 102,880 shares at an effective price of $243/share, raising his ownership in the company to 19.5%. TeslaRati

Los Angeles ranks 6th among the world’s best tech cities. Built in LA

Robots can now perform brain scans, thanks to this LA startup. Built in LA

Secrets to success: 3 LA tech leaders share how their teams take on challenging projects. Built in LA

Take a Break

Meet the indie perfumers who are marking scents of L.A. LA Magazine

Sprawling seven room penthouse in Los Angeles is on the market for $30 million. LA Business Journal

What I’m Listening To

@OverheardLA Posts of the Week

Unsplash Photos of the Week

@derickray

@chuttersnap

@rawatshubhm

@derickray