iHerb To Invest $100M In Russia
socalTECH
OCTOBER 5, 2020
Pasadena-based online vitamin seller iHerb says it plans to invest $100M in Russia, as a part of an effort to serve the Russian community.
Thin Line Capital Backs Solar Technology Developer
socalTECH
APRIL 17, 2019
Pasadena-based venture capital investment firm Thin Line Capital , a new venture capital firm led by venture veteran Aaron Fyke, has made its first investment, in a developer of solar technology. Size of the investment was not announced. READ MORE>>.
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Pasadena Angels Back Scientific Equipment Startup
socalTECH
APRIL 25, 2012
The Pasadena Angels have backed developer of protein analysis equipment for the drug discovery and research market, investing $475,000 in a Series B for Wasatch Microfluidics , the group said this week. Wasatch Biofluidics is developing printing technology to deposit biomolecules on biosensor surfaces.
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Makucell Names Pasadena Angels' Scanlon To Board
socalTECH
MAY 21, 2012
Makucell , a life sciences company developing anti-aging skin products, said this morning that it has appointed Kevin J. Scanlon is Chairman of the Pasadena Angels and also an active member of the Tech Coast Angels. Makucell did not say if it received an investment from either group as part of the appointment. Scanlon, Ph.D.,
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133 Aaron Fyke, Thin Line Capital: The Second Wave Of Cleantech Investing
socalTECH
OCTOBER 9, 2019
There's a new opportunity in clean technology investments, according to venture capitalist Aaron Fyke , the head of a new, Pasadena-based venture capital investment fund, Thin Line Capital (www.thinlinecapital.com). Aaron Fyke: I believe we're in a second wave of clean tech investing.
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SeqOnce Biosciences Finds $1M In Seed Funding
socalTECH
MAY 14, 2018
Pasadena-based SeqOnce Biosciences , which is developing next generation sequencing technology, has raised $1M in a seed funding round, according to the company. The funding came from Pasadena-based Mount Wilson Ventures (MWV), a new venture capital investment fund led by longtime Pasadena biotechnology veteran Mike Giardello, Ph.D.
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eSolar Gets Investment From GE Energy
socalTECH
JUNE 6, 2011
Pasadena-based eSolar , the developer of solar thermal power generation plants backed by Idealab, has scored a strategic investment from GE Energy , GE said Monday. Size of the new investment was not disclosed. Along with GE, Turkish investor and power plant developer MetCap Energy Investments has also invested in eSolar.
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Arrowhead Research Boosts Investment In Ablaris
socalTECH
APRIL 6, 2011
Pasadena-based Arrowhead Research said Wednesday that it has boosted its stake in Ablaris Therapeutics , a firm developing treatments for obesity. According to Arrowhead Research, it invested $1.3M in a second close of a Series A financing round for Ablaris. The total amount of the round was $2.9M.
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160 Miso Robotics Boots Up Crowdfunding Campaign, Seeks $30M
socalTECH
APRIL 7, 2020
Pasadena-based Miso Robotics , which is developing robots for the quick serve restaurant industry, says it has launched a new Series C crowdfunding campaign, where it hopes to raise a total of $30M in funding. The company's first robot "Flippy" is installed at the Pasadena CaliBurger. According to the company, it has over $2.6M
Protomer Technologies Gets Funding For Protein Therapeutics
socalTECH
NOVEMBER 5, 2020
Pasadena-based Protomer Technologies announced this morning that it has received funding from both the JDRF T1D Fund, as well as Eli Lilly and Company, in a funding round. Size of the investment was not announced. The company said Eli Lilly and Company led the funding, with the new investment today from JDRF.
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Ocular Data Systems Raises Funding
socalTECH
AUGUST 10, 2017
Pasadena-based Ocular Data Systems , a startup that develops a high resolution camera which is used by law enforcement to document signs of drug and alcohol impairment and other issues with drivers, has raised a round of investment from the Pasadena Angels. Ocular, led by CEO Marcus O. READ MORE>>.
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Google Invests $168M In Mojave Power Plant
socalTECH
APRIL 11, 2011
Search engine giant Google announced Monday afternoon that it is investing $168M in a plant in Mojave. According to the firm, the investment will go towards a solar energy power plant, the Ivanpah Solar Electric Generating System (ISEGS) being developed by Brightsource Energy.
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140 NASA JPL Spinout SeekOps Gets Funding For Gas Detection Via Drone
socalTECH
SEPTEMBER 6, 2019
SeekOps , a developer of drone-based sensor systems to locate natural gas emissions that was spun out of NASA's JPL Laboratories in Pasadena, has raised funding in a Series A-1 round, the company said on Friday. Financial details of the investment were not announced. and international markets.
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Bluebeam Software Acquired For $100M
socalTECH
OCTOBER 6, 2014
Pasadena-based software developer Bluebeam Software has been acquired by German software company Nemetschek AG , the two said late Friday. According to the two, Nemetschek will pay $100M for BlueBeam, which is a developer of PDF software used for architecture, engineering, and construction. READ MORE>>.
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228 Q3 Venture Investments For SoCal Total Around $1.0 Billion
socalTECH
OCTOBER 4, 2010
billion in investments, according to the Q3 analysis of venture capital deals by socalTECH.com. According to an analysis of socalTECH's proprietary database of venture capital deals, venture investors invested slightly more than the $966M in Q3 of 2009, but less than the $1.6 billion invested in Q2.
Progress in Pasadena, Part II
Steve Reich
MARCH 9, 2013
The Pasadena Innovation Council organized a great tech executive meeting in Pasadena on Friday. This is another good step toward pulling together the tech community in the greater Pasadena area. Ted Tekippe, CEO of Doublebeam joined us, as did Kevin Scanlon, Chairman of the Pasadena Angels. It was a great crowd.
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Angel Investing and Technology Trends
SoCal Tech Calendar
MARCH 6, 2011
Saturday, March 12, 2011 -- Angel Investing and Technology Trends. Bootstrap2+2. He will also touch on the technology trends that angels are currently interested in funding. See [link] (more)
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Energy Vault To List On NYSE Via SPAC
socalTECH
SEPTEMBER 10, 2021
Westlake Village-based gravity-based energy storage technology developer EnergyVault says it will list on the NYSE, via a merger with a special purpose acqisition company (SPAC), Novus Capital Corporation II. and others. The company's original system was based on very large concrete blocks being moved up and down using a crane system.
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MobLab Finds Funding For Personalized Learning
socalTECH
OCTOBER 21, 2019
Pasadena-based MobLab , a new startup which develops personalized learning software for the education market, has scored a round of funding, the company said today. Nikou is the founder, managing partner, and CEO of private equity investment firm OpenGate Capital. Size of the investment in MobLab was not announced.
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Heliogen Goes Public Via SPAC Acquisition
socalTECH
JULY 7, 2021
Pasadena-based concentrated solar energy technology developer Heliogen, a spinout of the Idealab startup incubator, has gone public via a Special Purpose Acquisition Company (SPAC) deal, the company said on Wednesday. Heliogen is developing concentrated solar energy technology, aimed at replacing fossil fuels.
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113 Arrowhead Ups Investment in Unidym
socalTECH
APRIL 6, 2009
Pasadena-based Arrowhead Research disclosed this morning that the firm is increasing its ownership in Unidym, a developer of carbon nanotube technology and products. Tags: arrowhead research unidym investment. ownership in Unidym to 58.1% Arrowhead said the deal is worth 1,564,610 shares of its restricted stock.
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124 Upfront Backs Jiko For Banking Alternative
socalTECH
OCTOBER 27, 2017
Los Angeles-based venture capital investment firm Upfront Ventures has made an investment in Jiko , a startup developing an alternative to traditional banks. Jiko offers up a mobile app, a cash back debit card, and offering up investment options like U.S. Treasuries and other high yield investments.
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The next big restaurant chain may not own any kitchens
TechCrunch LA
OCTOBER 7, 2018
” Collins’ company just raised $10 million in a funding round led by GV , the investment arm of Google parent company, Alphabet. But Alphabet’s investment team is far from the only group investing in the restaurant infrastructure as a service business.
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Southern California Startups Raise $761.12M in Q2 2014
socalTECH
JULY 17, 2014
The latest venture capital totals from the PricewaterhouseCoopers/National Venture Capital Association''s MoneyTree Report was released this evening, tallying up $761.12M in investments in Q2 of 2014 in Southern California, up from Q2 of 2013, when $616.83M was invested in the region. Nationally, there was $13.0 READ MORE>>.
OpenX Reports More Than $170 Million in 2017 Revenue
L.A. Business Journal
MARCH 13, 2018
OpenX, a Pasadena-based programmatic advertising technology company, announced $172 million in 2017 revenue in a March 13 report. In addition, OpenX invested $50 million into research and development this past year.
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100 ObEN Gets Backing From SoftBank Ventures Korea
socalTECH
MARCH 14, 2017
Pasadena-based ObEN , which develops virtual reality avatar technology, has scored funding from SoftBank Ventures Korea, SoftBank said this morning. Size of the investment was not announced. SoftBank Ventures Korea said the investment came via its SB Next Media Innovation Fund.
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Share Ventures, an LA-based studio for company creation, is MoviePass co-founder Hamet Watt’s next act
TechCrunch LA
AUGUST 8, 2020
Within those two areas, the company will focus on developing businesses that enable the development of individual purpose, mental and physical enhancement, and personal and professional growth, according to Watt. For Watt, the studio model represents the next iteration of startup investing. Image Credit: Share Ventures.
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Miso Robotics Looks Towards Crowdfunding For $30M
socalTECH
NOVEMBER 8, 2019
Pasadena-based robot developer Miso Robotics is turning towards equity crowdfunding for its next fundraise, the company said this week. The funding is also being supported by Wavemaker Labs, the "startup studio" arm of investment firm Wavemaker Ventures.
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113 Arrowhead Lands $3.7 Billion Licensing Deal With Janssen
socalTECH
OCTOBER 4, 2018
Pasadena-based Arrowhead Pharmaceuticals , which develops RNA-based gene therapeutics, has entered into a $3.7 billion license and collaboration agreement with Janssen Pharmaceuticals , the company announced this morning. billion in potential milestone payments and future royalties.
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California Technology Ventures Invests In Games Firm
socalTECH
MARCH 11, 2009
Pasadena-based venture capital firm California Technology Ventures has staked a developer of a video game software engine, Blade Games , with a $4M investment. According to Blade Games, which is based in Bellevue, Washington, CTV funded the firm in an initial round of investment.
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Energy Vault Finds $110M For Renewable Energy Storage Efforts
socalTECH
AUGUST 15, 2019
Energy Vault , a startup of Pasadena-based Idealab developing radically different energy storage technology--based on the movement of large, concrete blocks via robotic arms--has raised $110M in a Series B funding, the company announced this morning.
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124 ObEN Links With Tencent, Others On Blockchain Research Center In China
socalTECH
JULY 2, 2018
Pasadena-based ObEN , the artificial intelligence startup developing personal avatars, says it has linked with Tencent and the Tsinghua University PBC School of Finance (PBCSF), on a "blockchain research center" in China. ObEN and its partners are investing a total of $5M in the research center. READ MORE>>.
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Coronal Energy Gets Funding From Panasonic
socalTECH
SEPTEMBER 12, 2016
Pasadena-based Coronal Energy , a provider of solar photovoltaic (PV) project development, financing, and operation services for the utility, municipal and corporate market, has scored a strategic investment from Panasonic , the two said this morning. Financial terms of the funding were not disclosed. READ MORE>>.
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100 Central Desktop Gets $5.0M In Credit Line
socalTECH
MARCH 6, 2014
Pasadena-based Central Desktop , which develops cloud-based collaboration software, has scored a $5.0M According to the company, Central Desktop wlil use the financing to accelerate time to market for its products, and also to invest in further growth. line of credit from SaaS Capital, SaaS Capital said Thursday morning.
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174 Ondax Raises $2M More
socalTECH
DECEMBER 16, 2010
Monrovia-based Ondax , a developer of optical filters and laser sources based on research out of the California Institute of Technology, has raised $2M in a Series E investment. According to the Pasadena Angels, one of the investors in the firm, the round also included the Tech Coast Angels and un-named venture capital firms.
Atlas Powered Gets $700K
socalTECH
JANUARY 22, 2013
Los Angeles-based Atlas Powered , a developer of software for managing calendar, task, and contact data on iOS and Android, has raised $700,000 in a funding round, the firm said today. The investment in Atlas Powered by the TCA was led by Yuri Pikover. The investment in Atlas Powered by the TCA was led by Yuri Pikover.
Southern California Venture Deals Hit $683.7M in Q4 2012
socalTECH
JANUARY 17, 2013
was invested across Southern California in Q4 of 2012. The funding brings Southern California's total 2012 investments to $3.2 and Cardiaq valve Technologies in Irvine, a developer of mitral heart valve replacements, which raised $37.3M. Karlin Ventures and Siemer Ventures both made five investments each. in funding.
Arrowhead Pharmaceuticals Raises $45M In PIPE
socalTECH
AUGUST 12, 2016
Pasadena-based Arrowhead Pharmaceuticals , a biopharmaceuticals developer aiming at treating hepatitis and other diseases has raised $45M in a private offering, the company said today.
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100 X1 Finds $5.1M More For Ediscovery Efforts
socalTECH
OCTOBER 3, 2019
Pasadena-based e-discovery software developer X1 has raised $5.1M According to X1, the new funding will go to hire aggressively in development and sales. more in a Series B funding round, the company said Wednesday, in a round led by Palisades Growth Capital. X1 is led by CEO Craig Carpenter and CTO Brent Botta.
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ObEN Raises $7.7M For Realistic, AI-Driven, Virtual Reality Avatars
socalTECH
NOVEMBER 3, 2016
Pasadena-based ObEN , an Idealab-backed startup which is developing artificial intelligence technology for creating highly realistic, virtual reality avatars, has raised $7.7M in a series A funding, the company announced this mroning. Entertainment Co., Gordon Cheng (Cameron Pace Group China), and Idealab.
OpenX Gets $22.5M More For Online Advertising
socalTECH
JANUARY 17, 2013
Pasadena-based advertising technology firm OpenX has raised $22.5M The new round was led by Samsung Venture Investment Corporation, and also included Accel Partners, Index Ventures, SAP Ventures, Mitsui & Co. Global Investment, Inc., more in a round of funding, the company announced today, via a Series E funding round.
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178 RayTracker Acquisition Worth $44.8M, Says Report
socalTECH
MAY 17, 2011
A report today from Greentech Media says that Pasadena-based Idealab 's sale of portfolio firm RayTracker was worth $44.8M. Idealab, Quercus Trust, and Phoenix Fire had invested $3.5M in funding in RayTracker a developer of solar tracking technology. on their investment. READ MORE>>.
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Idealab Backs Clean Power Technology Firm
socalTECH
JULY 21, 2011
Pasadena-based Idealab announced today that it has invested in a developer of clean energy generation technology. The firm has invested in Cool Energy , a Boulder, Colorado based developer of Stirling engine technology, used to convert heat energy into power. Financial details of the funding were not announced.
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LeisureLink Acquired By VacationRoost
socalTECH
MARCH 10, 2014
Pasadena-based LeisureLink , the developer of travel booking software for the vacation rental market, has been acquired by VacationRoost , which operates an online vacation rental marketplace. Financial terms of the buy were not announced. The company was led by Tom Lamb. READ MORE>>.
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