Elie Seidman Invests in Los Angeles Tech Magazine

Elie Seidman has been revealed as one of the early investors in dot.LA, an upcoming news and events website that will be dedicated to the Los Angeles tech and startup community.

The Tinder CEO joined a whole host of other entrepreneurs, executives and venture capital firms that contributed to the $4 million seed round.

Other notable investors include former Twitter CEO Dick Costolo, Amazon Worldwide Consumer CEO Jeff Wilke and the Snap, Inc. company.

Tinder co-founder Sean Rad also took part in the fundraising. Since leaving the dating app in August 2017, Rad has invested in a number of startups including men’s health brand MOSH, and he more recently joined the board of directors at a young non-profit organisation called ‘Good Today’.

dot.LA’s co-founder and executive chairman Spencer Rascoff explained in a statement: “Los Angeles has so many ingredients that make a successful tech ecosystem: a culture of innovation and entrepreneurialism, world-class universities, many angel investors, venture capitalists, and startup mentors. 

One of the only missing ingredients was journalism to highlight the incredible startups and tech companies changing the world. Now with dot.LA on the scene, Los Angeles will be able to achieve its full potential.”

The service is due to be launched on 27th and will begin with five experienced journalists covering every aspect of the LA tech scene.

Visit the dot.LA website here.