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MANTA Instruments Finds Funding For Scientific Instruments

socalTECH

La Jollla-based MANTA Instruments , a developer of technology for characterizing nanoparticles, has raised a round of seed funding, from Triton Technology Fund. Size of the funding was not announced. The company is part of the EvoNexus startup incubator, and is led by Rick Cooper.

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VelosBio Emerges with $58M in Funding to Steer Cancer Drugs to Clinic

Xconomy

VelosBio, a biotech startup researching new cancer drugs, has raised $58 million in financing. VelosBio joined Johnson & Johnson’s JLABS @ San Diego incubator in January. The new VelosBio cash, a Series A round of financing, was led by Arix Bioscience (LSE: ARIX ) and Sofinnova Ventures.

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ZeaKal Raises $3.8M

socalTECH

San Diego-based ZeaKal , a plant sciences startup focused on developing technology to increase the yield and oil content of crops, said this morning that it has raised $3.8M in a Series A funding. The round was led by Finestere Ventures, Two Oceans, and the Missouri Soybean Merchandising Council (MSMC). READ MORE>>.

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JLABS Takes Stock of its Experiment in Life Sciences Innovation

Xconomy

The idea in 2011 was to create a space at what was then Johnson & Johnson’s pharmaceutical research and development facility in San Diego for an “innovation center,” a place where 18 to 20 life sciences startups could incubate, replete with lab space and equipment. The first JLABS incubator opened here.

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

TechCrunch LA

Our research revealed a saturation level causing unprecedented challenges, starting with exorbitant housing prices and runaway operating costs that accelerate a startup’s “burn rate”—its monthly spending. In fact, as is well-reported, the luster of Silicon Valley is fading.

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Scientist.com, IndieBio Accelerator In Partnership

socalTECH

San Diego-based Scientist.com , the venture-backed, online marketplace for outsourced research, and biotech accelerator IndieBio announced this morning that the two are in a new partnership. READ MORE>>.

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Avalon Leads $18M in Early Funding for Cancer Immunotherapy Startup

Xconomy

[ Note: The headline has been corrected to better describe the company’s type of funding. Fortis Therapeutics, a new San Diego biotech, has raised $18 million in initial funding to develop drugs for hard-to-treat prostate and bone marrow cancers. 9/27/16, 2:09 p.m. Reprints | Share: UNDERWRITERS AND PARTNERS.

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