The Boring Company raised an exciting $120 million. According to Bloomberg News, this funding is the first outside investment Elon Musk’s company has raised. It brings the company’s valuation to $920 million. The funds will be put toward tunnel-based transportation systems, according to Bloomberg. [Built In LA]
FanDragon launches to fight ticket fraud and scalping. FanDragon offers security software to protect fans buying tickets to concerts, theatrical performances and movies. It raised $12 million and has offices in Los Angeles, New York and London. [Built In LA]
Scopely’s fastest growing game? Star Trek Fleet Command. The game has generated over $100 million in revenue after less than a year on the market. The mobile game company plans on doubling its headcount in its Los Angeles HQ by 2020. [Built In LA]
The direct-to-consumer wine company Winc raised $10 million to take on the sake market. Winc offers hundreds of wines, mostly under $20. The latest funding in partnership with the Cool Japan Fund will enable Winc to roll out its newest option: sake. This will include a “trial kit” and a retail tasting shop in Los Angeles. [Built In LA]
Newegg’s newest form of payment: Bitcoin. The online retailer of electronics and computer hardware will start to accept cryptocurrency in 73 countries. More companies are jumping on the Bitcoin bandwagon, including AT&T and Xbox. [Built In LA]
LA-based ShuttleFinder.com launched a new online marketplace for airport transportation. Unlike ride-hailing apps, these sites will allow individuals or groups to find a wider range of reliable services to and from airports for a flat rate. This includes buses, airport shuttles, charter vans, luxury town cars and limo services. [SoCal Tech]
