Friday, January 26, 2018

MovieLaLa, Backed By LA Angel Investors, Acquired By Gyfcat

MovieLaLa, which had operated an app-based, social network for movie fans--and was backed by LA angel investors--as been acquired by user generated GIF site Gfycat, Gyfcat said on Thursday. Financial terms of the buy were not disclosed. As a result of the acquisition, Gyfcat has redirected all of MovieLaLa's website to its own pages. MovieLaLa's investors include Allen DeBevoise, Jim Moloshok, and other LA angel investors, plus such investors as Marc Benioff of Salesforce.com. When the company first launched, it said it would "bridge the gap between Silicon Valley and Silicon Beach." MovieLaLa had been founded by Dana Loberg and Sahin Boydas, and was based in San Francisco.

---