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AuditFile, Started At UCLA, Raises $3M For Auditing Software

socalTECH

AuditFile , a developer of cloud-based auditing software for CPAs, has raised $3M in a funding round, the company said Thursday. The company was founded by Kevin Bong, who started the company in his dorm room at UCLA as a senior. The funding came from Banneker Ventures, Tim Draper, Nas Draper, as well as other angel investors.

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Verge Genomics, Founded By UCLA Scientists, Raises $4M In Seed Funding

socalTECH

Verge Genomics , a biopharmaceuticals startup founded by scientists out of UCLA, said Tuesday that it has raised $4M in a seed financing round. The funding was led by IA Ventures, and also included Two Sigma Ventures, Draper Associates, Great Oaks VC, Slow Ventures, Karlin Venture, Elad Gil and David Lee.

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Southern California needs to find its hub for it to develop its own tech ecosystem

TechCrunch LA

The Alliance estimates that Southern California’s tech community could be one-third the size of Silicon Valley’s by supporting or further developing the six pillars it already has for innovation to occur. We’ve also seen a substantial inflow of venture capital from all over the world.”.

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Are MBAs Necessary for Start-ups or VC?

Both Sides of the Table

I came across this blog post about getting a computer science degree as the best degree for getting into venture capital or working at a VC-backed start up. I just completed an exercise where I went out to hire a new associate for my VC firm, GRP Partners. I had to laugh a bit reading it. I installed Windows 3.1

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NanoH2O Lands $60M In Funding

socalTECH

El Segundo-based NanoH2O the developer of high efficiency, reverse osmosis membranes for seawater desalination, announced this morning that it has raised a total of $60M in equity and debt funding. As part of the funding, BASF Venture Capital, Total Energy Ventures and Keytone Ventures will all gain a seat on the firm's board of directors.

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New Startup Accelerator, SCALE Aerospace Ventures, Launches In LA

socalTECH

A new startup accelerator, SCALE Aerospace Ventures, launched in Los Angeles on Tuesday, backed by UCLA and Starburst, the company that had backed the Techstars Starburst Space Accelerator. Starburst said it was awarded a 2020 Venture Challenge grant of $1.4 Starburst said it was awarded a 2020 Venture Challenge grant of $1.4

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ImmunGene Raises $9M

socalTECH

Thousand Oaks-based ImmunGene , a startup biotech company developing antibody-based, protein therapeutics for treating cancer, said today that it has raised $9M in a Series A funding, to advance its early stage development products. immungene venture capital biotech biotechnology cancer therapeutics' READ MORE>>.