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August 11, 2011 07:00 pm GMT

Former Virgin Digital Execs Raise $20M For Los Angeles-based "Innovation Factory" 

elevator labsTwo ex-Virgin Digital executives, namely its former CTO Brendon Cassidy and former president Zack Zalon, have teamed up to start a Los Angeles-based digital business incubator called Elevator Labs. The venture, which is both labeled an 'invention company' and an 'innovation factory', this morning announced that it has secured $20 million in initial funding from KGC Capital.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/tN5IU4jXPoY/

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