Demand sells Cracked.com for a hefty sum
The popular site Cracked.com was sold by its owner,
of Santa Monica for $39 million to E.W. Scripps Co. of Cincinnati, OH. Demand’s remaining content properties include Livestrong.com, Saatchi Art, eHow.com and LeafTV. [Demand Media Sells Cracked.com for Nearly $40 Million: LA Business Journal]
Ticketmaster to begin selling tickets through Facebook
Last Minute travel app Overnight expands to Coachella
LA startup being auctioned on eBay by owner
Fundings of the week
, $6.7 million
Investors: Kairos Ventures
Compellon has raised $6.7 million, which will go toward hiring in engineering and sales. The funding was led by Kairos Ventures, which has committed $5 million in investments in the company to date. The Santa Margarita-based data analytics developer specializes in automating data discovery and predictive analytics processes. [Compellon Raises $6.7M: SoCal Tech]
, $2 million
Investors: VSP Global
Eyecare insturance company VSP Global has invested $2 million in LA-based startup Vizzario. The company is developing tracking technology that will help to monitor eye health, focusing specifically on visual acuity, eye strain, and sports vision performance, while also hoping to reveal symptoms of traumatic brain injuries. [Vizzario Gets $2M From VSP For Vision Tracking Technology: SoCal Tech]
, $13 million
Investors: Cambia Health Solutions, Rincon Venture Partners
Healthcare software developer mPulse Mobile has upped its funding round to $13 million. In January, the company announced the first tranche of a Series A worth $10 million. The Los Angeles-based company develops software to help remind people about medically-related appointments.
