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Reflections On 2017: Michael Jones, Science Inc.

socalTECH

Since we started Science six years ago, we've co-founded and invested in more than 70 companies and have exited multiple portfolio companies. What was the biggest personal lesson you learned from 2017? Are there any technology innovations, gadgets, devices, software, that particularly caught your eye in 2017.

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Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. Hyundai Motor Group has committed to invest $87 billion over the next five years.

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Starship Technologies picks up €50M from the EU’s investment arm to expand its fleet of autonomous delivery robots

TechCrunch LA

The startup has received €50 million (just under $57 million at today’s rates) from the European Investment Bank, the funding arm of the European Union. It is not disclosing its valuation with this investment, but Alastair Westgarth said that this doesn’t rule out raising further funding from investors.

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SpotOn raises $300M at a $3.15B valuation and acquires Appetize

TechCrunch LA

Existing investors DST Global, 01 Advisors, Dragoneer Investment Group, Franklin Templeton and Mubadala Investment Company too doubled down on their investments in SpotOn, joining new backers Wellington Management and Coatue Management. We are deeply invested in growing the business together. Image Credits: SpotOn.

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Meet the 2017 Startups from the Disney Accelerator

Tech.Co

.” For startups entering program they receive investment capital, access to coworking space at Disney’s creative campus and mentor support and guidance from top Disney executives, entrepreneurs, investors and other notable business leaders from the entertainment and technology communities, and have a Demo Day at the campus.

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Tech Coast Angels: Best Q1 Ever For Deals, Dollars

socalTECH

Irvine-based angel investment group Tech Coast Angels said this morning that it has had it's best Q1 ever, both in terms of dollars and total deals. According to the TCA, it invested $3.8M in total across 17 deals, for the quarter ending March 31st, 2017. InvestED, Mobilize Solutions, OnRamp, and Tot Squad.

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LA-based gaming studio Scopely raises $200 million at a $1.4 billion valuation

TechCrunch LA

The Los Angeles-based mobile game development studio Scopely has become America’s newest unicorn thanks to a $200 million financing which values the company at a whopping $1.4 The new investment follows Scopely’s milestone of achieving more than $1 billion in lifetime revenue.

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