FinditParts, an online retailer of parts for heavy-duty trucks and trailers, has raised a $30 million minority growth equity investment from Crestline Investors Inc.
The Santa Monica, California-based company said the Series A represents the first institutional investment that FinditParts has received since its inception and will be used to further expand its technology and digital content as well as staffing.
"Having self-funded our company for the last decade, it was critical to not just add capital to fuel our continued growth, but to also add a partner with the skills, connections and track record that would help assure our future success," said FinditParts founder and CEO David Seewack in a statement.
In other L.A.-area tech news:
Users can now use Robomart’s grocery-ordering app to hail Robomart trucks marked with Unilever’s “The Ice Cream Shop” virtual storefront to their location.
Robomart
- Santa Monica-based Robomart, which operates a fleet of on-demand mobile mini-marts, has teamed with Unilever to deliver ice cream brands such as Ben & Jerry’s, Breyers, Good Humor, Magnum ice cream and Talenti to consumers. Users can use Robomart’s grocery-ordering app to hail Robomart trucks marked with Unilever’s “The Ice Cream Shop” virtual storefront to their location. When it arrives, the user swipes across the app to open the vehicle’s door and selects items without the need to physically check out or swipe a credit card. Robomart, which launched in Los Angeles in June 2021, said it can deliver goods in fewer than two minutes.
Irvine-based Alpha Motor Corp. makes electric vehicles.
Alpha Motor Corp.
- Irvine-based Alpha Motor Corp. has inked a deal for auto manufacturer UHI Group to mass produce and validate Alpha Motor’s electric vehicles. UHI, based in the Detroit area, is a full-service provider of prototype and low-volume stampings and assemblies to the automotive and aerospace industries.
- Los Angeles-based workout platform Kabata has closed $2 million in funding to launch a “smart” dumbbell that can be used with a customized six-week workout program. The company’s platform allows users to see their metrics and analytics, including rep count, time under tension, velocity, power and calories in real-time. Funding came from from angels, athletes, sports team operators and VCs, including Courtside Ventures; Detroit Venture Partners, the VC fund of Cleveland Cavaliers owner Dan Gilbert; Tribe Capital; Golden State Warriors’ Zaza Pachulia; Naval Ravikant, founder of AngelList; and pro soccer player Daniel Sturridge.
Colleen DeCourcy has been named chief creative officer at Snap Inc.
Snap Inc.
- Snap Inc. has hired Colleen DeCourcy as its chief creative officer. DeCourcy will lead global creative efforts for the company and will report to Chief Marketing Officer Kenny Mitchell. Prior to Snap, DeCourcy had retired from advertising following nearly a decade at independent creative agency Wieden+Kennedy, where she was the chief creative officer and co-president.
