February, 2019

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Finding True Love Can Be Ruff, But This Startup Could Have Your Match

Xconomy

Too many people treat pet adoption like a one-night stand. You look at a dog, and see his eyes, and think he’s cute,” says Tama Lundquist, co-president of Houston PetSet, an organization that works with about 70 animal shelters in the Houston area. But if you’re a couch potato and he likes to run, that’s not going to work out.” Each year, about 3.3

Startup 96
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Bio Roundup: NASH News, Merck Strikes, Digital Tokens & More

Xconomy

The growing epidemic of the fatty liver disease known as NASH, which has no FDA-approved treatment, has led to a frenzied race among drug companies. This week, one company, Intercept Pharmaceuticals, solidified its lead. But how much will being first to the finish line mean when all is said and done?

News 86
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Bill Maris’s VC Firm Section 32 Raises $200M for Second Fund

Xconomy

Section 32, the venture capital fund based in San Diego’s Cardiff-by-the-Sea community, has raised nearly $200 million for its second fund. A document filed with securities regulators Friday shed light on comments made the previous week to Xconomy by Section 32 founder Bill Maris, who started the firm in 2017. Maris on Feb.

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Software Startup Portfolium Acquired by Salt Lake City’s Instructure

Xconomy

The software of Portfolium, a San Diego startup that hosts online portfolios for students trying to showcase their achievements to potential employers, is set to join the portfolio of Utah educational software company Instructure. Instructure (NYSE: INST ) has agreed to acquire privately held Portfolium.

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Bill Maris Fund Section 32 Notches Two Wins with Life Science Exits

Xconomy

Section 32, a venture capital firm headquartered near San Diego that launched in 2017 with a $151 million fund, has had a big month. In an interview with Xconomy last year , the former Googler said his firm planned to focus most of its attention on investments at the juncture of life sciences and information technology.

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Privacy Watch: Facebook Rebounds, But Privacy Concerns Accelerate

Xconomy

After Facebook posted a record profit of almost $7 billion in the fourth quarter on nearly $17 billion in revenue last week, an early investor, former advisor to CEO Mark Zuckerberg, and current shareholder said he’s making it a mission to “fix’’ the 15-year-old tech giant.

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Magnolia Medical Captures $20M to Reduce Blood Culture Contamination

Xconomy

Other participants included SightLine Partners, Canepa Healthcare, and HealthQuest Capital, according to a news release ; the latter two firms had invested in Magnolia previously. RTW Investments, a New York-based firm that backs healthcare ventures, led the Series C funding round, Magnolia says.