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San Diego Tech Roundup: Bitmo, Dvele, Cybersecurity Report & More

Xconomy

—Mobile app startup Bitmo announced it had raised more than $3 million in seed funding from investors including Everplus Capital, Longboard Capital Advisors, and several Southern California-based family fund offices. CEO Michael Smallwood launched the Carlsbad, CA-based company in 2017.

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Raken Raises $10M For Construction Management

socalTECH

San Diego-based Raken , a startup developing mobile software to manage construction projects, has raised $10M in a Series A funding round. The funding was led by U.S. Raken says it already has more than 3,000 clients using its software. READ MORE>>.

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VC Funding Surges in Fewer Deals in Third Quarter, and Top 10 Deals

Xconomy

“More dollars, fewer deals” has been a prevailing trend in venture funding over the past couple of years, and it was evident again in the three months that ended September 30, according to the latest Venture Monitor report. While there was a 6 percent downtick from funding in the previous. Venture firms invested $21.5