The technology companies have largely young user bases, likely without much extra cash. But as users age, the apps are seeking to keep pace by providing additional services. Finance, along with shopping, are two of the more buzzed-about possibilities.
A different currency. Gem, a start-up working on technology related to the digital currency bitcoin, announced $7.1 million in funding last week from Pelion Venture Partners, KEC Ventures, Blockchain Capital, Digital Currency Group and RRE Ventures.
A different chain. Source Intelligence announced $17.5 million in funding from Kayne Anderson Capital Advisors to advance its supply chain management software. The Carlsbad start-up’s subscription service lets companies track how vendors are holding up compared with various environmental and ethical standards, such as avoidance of conflict minerals.
New year, new start-ups. A slowdown in venture capital investment over the last year isn’t deterring every would-be entrepreneur. Several nascent services companies from outside the region are starting to expand into Los Angeles.
Elsewhere on the Web. The California Sunday Magazine reports on Tinder and its controversial chief executive, Sean Rad. In the story, he says he receives sexy messages on Snapchat, talks to 10 Tinder users a day to empathize with them, and is living with his parents while his condo gets remodeled.