October, 2019

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Relativity, a new star in the space race, raises $140 million for its 3-D printed rockets

TechCrunch LA

Space startups and established companies alike are now rocketing forward with plans to support the race to establish a foothold on the surface of the Moon as a first step toward getting humanity’s first footsteps on Mars. Zillow co-founder Spencer Rascoff and Lee Fixel, the former superstar investor for Tiger Global, are also on board.

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Report: Fair Cuts Nearly Half Of Staff, Replaces CFO

socalTECH

Santa Monica-based Fair , the subscription vehicle service lead by startup veteran Scott Painter, is laying off 40 percent of its staff, according to reports , and also is replacing its CFO. The report says that current CFO Tyler Painter, the brother of CEO Scott Painter, is being replaced by Kirk Shryoc. READ MORE>>.

Report 100
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Thin Line Capital Launches New Energy, Sustainability Fund

socalTECH

Pasadena-based Thin Line Capital announced this morning that it has launched a brand new, energey and sustainability fund, which will invest in cleantech investing. The new firm, led by serial entrepnd investor Aaron Fyke, said its seed stage fund has had its first close of over $5 million.

Capital 213
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Radicle Growth Invests $250K In WeedOUT

socalTECH

San Diego-based Radicle Growth , a startup investor which invests in innovative agtech and food tech startups, says it has awarded $250,000 to WeedOUT , an Israeli startup focused on the resistance of weeds to existing chemical herbicides. READ MORE>>.

Invest 100
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TDK Ventures Joins In Investment In Wheels

socalTECH

TDK Ventures , the venture investment arm of TDK Corporation , has made an investment in Los Angeles-based Wheels , the last-mile, on-demand, electric bicycle company led by Josh Viner. According to TDK Ventures, the investment came as part of the recently announced funding round led by DBL Partners.

Invest 113
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Hyundai Invests In Netradyne

socalTECH

According to Hyundai CRADLE, Hyundai Motor Company's corporate venturing organization, it made an investment in Netradyne, but did not disclose how much it invested in the startup. Netradyne has previously raised funding from M12, the venture fund run by Microsoft, as well as Reliance Industries and Point72 Ventures.

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MobLab Finds Funding For Personalized Learning

socalTECH

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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