TechCrunch LA

JULY 29, 2020

After raising $15 million in financing from one of technology’s most successful global investment firms, the Los Angeles-based consumer goods rental company Joymode is selling itself to an early-stage retail investment firm out of New York, XRC Labs. “From day one, my belief was Joymode was going to be huge or dead.

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TechCrunch LA

JANUARY 25, 2022

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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Invest Technology Startup Los Angeles 233

socalTECH

JUNE 9, 2020

San Diego-based venture investor Versant Ventures has launched a brand new company out of its Inception Discovery Engine incubator in San Diego, saying this morning it has invested $50M in Lycia Therapeutics. professor of chemistry and HHMI investigator at Stanford University.

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TechCrunch LA

AUGUST 8, 2020

.” With $10 million in financing from a slew of investors including Upfront Ventures, Alpha Edison, the general partners and founders of True Ventures, and a Korean family office, Share Ventures will look to launch between two and four companies per year. For Watt, the studio model represents the next iteration of startup investing.

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Company Companies Idealab Tool 249

socalTECH

JANUARY 2, 2020

What was the biggest news for you/your company this year? While it was a good year for our merger and acquisition practice in the SaaS and fintech space, our most exciting news is in our merchant banking sector where we invest in and advise growth companies often for several years. Two lessons learnedand relearned!

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TechCrunch LA

NOVEMBER 11, 2020

New research has found that San Francisco and London have become two of the world’s leading hubs for VC investment into tech solutions that address one or more of the 17 UN’s Sustainable Development Goals (SDG), more commonly referred to as “Impact Tech” They are followed by Paris, Berlin, Stockholm, Shanghai and Beijing.

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Venture Capital Press Invest Research 357

socalTECH

DECEMBER 30, 2019

What was the biggest news for you/your company this year? While 2018 was all about better understanding the SoCal opportunity, 2019 was about honing our focus and defining our core programs. We'll be featuring contributions all through the holiday season. Verizon, and Wells Fargo just to mention a few.

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SoCal Tech Calendar

MARCH 19, 2019

Thursday, March 21, 2019 -- R.E.D Talk: Investment in Technology and Automation Across Industry in LA County. Technological innovations like artificial intelligence and automation are impacting how businesses are looking to the future investments in their organizations, and their industries as a whole. Software robotics (i.e.

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Artificial Inteligence Invest Technology Organization 100

TechCrunch LA

JULY 24, 2019

The company founded by two former Bain consultants is the latest to take on the growing market for non-alcoholic intoxicants that use a combination of chemicals traditionally found in the marijuana plant to make their drinks. Bullock initially worked at the investment bank, Allen & Co., million for their venture. ”

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Company Companies Los Angeles Startup 241

socalTECH

DECEMBER 23, 2019

What was the biggest news for you/your company this year? Thin Line Capital launched its first fund, closed its first three investments, and brought a dedicated energy/sustainability venture capital firm to southern California. With support from prior backers of mine, Thin Line Capital was launched.

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Artificial Inteligence Capital Venture Capital Southern California 100

TechCrunch LA

OCTOBER 28, 2020

There’s a new company that’s sitting on top of some of the fastest growing consumer-facing businesses in the world — liquor and marijuana delivery — and its name is Pacific Consolidated Holdings Group. Financial terms of the transaction were not disclosed. .”

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TechCrunch LA

FEBRUARY 11, 2020

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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Xconomy

JULY 31, 2019

We at Xconomy are excited to announce that we are honoring Mark Levin, co-founder and partner at Third Rock Ventures, with our 2019 Lifetime Achievement Award in Boston. The award recognizes Levin’s extensive contributions to the biotech industry and to the Boston life sciences ecosystem.

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Venture Capital Capital Entrepreneur Help 97

socalTECH

DECEMBER 26, 2019

What was the biggest news for you/your company this year? This was a big year for Crosscut because were finally delivering on our promise of implementing a full-scale investing platform after 11+ years in business. What new technology area, startup, service, or app did you find most interesting or useful this year, and why?

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Xconomy

JANUARY 28, 2019

Venture capital firms invest in potentially disruptive technologies with the hope of profit, then keep watch for further advances that could overtake their existing portfolio companies. Palo Alto, CA-based Norwest weathers the uncertainties of technology and the economy with an investing strategy.

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Venture Capital Marketing Guide Invest 67

socalTECH

AUGUST 26, 2021

Wong is managing partner and chief investment officer at RTW Investments, LP, and had joined the company's board back in November 2019 in conjunction with the company's series C financing.

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socalTECH

JANUARY 6, 2021

Electric truck maker Rivian--which has operations in Southern California, despite being based in Michigan--is apparently in the midst of yet another funding, and is raising a round valuing the company at $25 billion, according to Bloomberg. The company just raised $2.5M Rivian has an office in Irvine.

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socalTECH

OCTOBER 5, 2021

billion, the company said this morning. The company--led by CEO Avi Shua--said the new funding was led by Temasek. According to the company, the new investment will help it with "rapid global deployment", including in APAC. Orca Security was founded in 2019.

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Both Sides of the Table

SEPTEMBER 15, 2022

<== Our conclusion was that this isn’t a temporary blip that will swiftly trend-back up in a V-shaped recovery of valuations but rather represented a new normal on how the market will price these companies somewhat permanently. First in late-stage tech companies and then it will filter back to Growth and then A and ultimately Seed Rounds.

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Venture Capital Marketing Technical Review Seed Funding 416

TechCrunch LA

JULY 3, 2019

Securities and Exchange Commission to raise its third growth-stage investment fund. Though the firm typically invests at the seed and Series A, capital from Upfront Growth III will be used for follow-on or late-stage deals. Last year, companies headquartered in LA raised more than $60 billion.

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Venture Capital Funding Los Angeles Invest 193

socalTECH

JUNE 15, 2021

Camino Financial's biggest backer is Mexican financial services company Credito Real, which led an investment in the company in 2019. Guschchyan previously was Director of Marketing and Analytics at Go. Herrera previously was a Senior Manager of Community Development Lending at Charles Schwab Bank.

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Artificial Inteligence Los Angeles Entrepreneur Invest 113

socalTECH

JUNE 15, 2020

The Tech Coast Angels says it has launched a new, annual fund, and is continuing to invest--despite the pandemic. The angel group, the largest in the nation, said it invested over $19M in 2019, in part due to a similar fund created by its San Diego chapter, the TCA-San Diego, last year. Recess , Somabar , and Turn Technologies.

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Tech Coast Angels Technical Review Los Angeles Angel 113

socalTECH

JULY 27, 2020

According to the company, its summer 2020 product release includes simplified and automated call tracking for multi-location businesses, expanded technology integrations, and other features. The company says the release simplifies previously complex processes and makes data accessible across more platforms. READ MORE>>.

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socalTECH

SEPTEMBER 24, 2020

Indio, California-based Helicoid Idustries , a startup developing advanced composite materials for use in the wind turbine, aerospace, sporting goods, auto parts, defense, and industrial market, has raised $2.4M--the first part of what looks like an ongoing $5M investment round. Helicoid is a spinout of the University of California Riverside.

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Riverside SoCalTech Patents Invest 124

socalTECH

AUGUST 11, 2020

The company said that, for its second quarter ended June 30, it saw second quarter record revenues of $331.0M, compared to $322.4M for Q2 of 2019. The company attributed the growth to the "strength and quality" of its business and "adaptability and focus" for the record breaking revenues. READ MORE>>.

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socalTECH

SEPTEMBER 9, 2021

According to the company, it paid $165M to acquire Ludia from Fremantle. Jam City said the new, $350M funding round was a combination of equity and debt, and included Netmarble, Kabam, and affiliates of funds managed by Fortress Investment Group. The company is led by co-founder and CEO Chris DeWolfe.

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Burbank Equity Mobile Los Angeles 113

socalTECH

OCTOBER 8, 2019

Virgin Galactic , the commercial space venture of Sir Richard Branson--which has operations in Mojave--has received $20M from Boeing , as part of a strategic partnership with the company, the two said on Tuesday. According to Virgin Galactic, the investment comes from the Boeing HorizonX Ventures organization. READ MORE>>.

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socalTECH

JANUARY 13, 2020

Venice, California-based venture investor Fifth Wall Ventures , which invests in real estate technology, has raised nearly $3.5M in a Special Purpose Vehicle (SPV)--like as part of an investment in another company--according to a regulatory filing from the firm this morning. Fifth Wall Ventures SPV XIX, L.P., READ MORE>>.

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TechCrunch LA

MAY 25, 2019

Enter Seedlip , a non-alcoholic spirits company, for example. Haus, like any good consumer startup in 2019, is shipped directly to your door. — Kate Clark (@KateClarkTweets) May 21, 2019. — Kate Clark (@KateClarkTweets) May 21, 2019. Automattic acquires subscription payment company Prospress.

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Startup Venture Capital Newsletter Tips 223

socalTECH

JULY 23, 2019

El Segundo-based ABL Space Systems , which is developing small rocket launch vehicles, has received a strategic investment from Lockheed Martin Ventures, the company announced this morning. Size of the investment was not announced. The company is hoping to launch its first rocket sometime in 2020. READ MORE>>.

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TechCrunch LA

JUNE 30, 2020

The company already boasts a few very large initial customers in the automotive industry, consumer packaged goods and aerospace and defense, including Toyota, according to chief executive Arye Barnehama. million in financing that Elementary closed at the end of 2019. Image credit: Elementary Robotics.

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Artificial Inteligence Los Angeles Startup Customer 234

SoCal Tech Calendar

AUGUST 14, 2019

Tuesday, August 20, 2019 -- Los Angeles VC Panel and LAVA Annual Membership Meeting. Meet the top VCs who are investing in Southern California. Find out what they are looking to invest in. Find out what does it take to secure Venture Capital for your company. Learn about the hottest trends and the mistakes NOT to make.

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Venture Capital LAVA Los Angeles Angel 100

TechCrunch LA

NOVEMBER 12, 2020

Designed to be a collaborative startup company incubator alongside corporate partners, Launchpad focuses on developing new consumer tech businesses focused on M13’s main investment areas: health, food, transportation, and housing. M13, for its part, is developing a strong team of women partners who are investing at the firm.

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Startup Incubator Los Angeles IP 178

socalTECH

JUNE 17, 2020

The company said the upgraded app and website will make it easier for its users to find and gte food they want from local restaurants. Los Angeles-based Allset , a startup which allows users to book a table and pre-order food at restaurants, said it has launched a new app and website. The new app works on both iOS and Android. READ MORE>>.

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Xconomy

JULY 17, 2020

If it seems like biotech investments have defied the financial headwinds of the pandemic, maybe it’s because they have. In the second quarter, 16 of the top 25 largest early-stage venture capital deals were investments in life science companies. It’s the biotech sector’s largest proportion of the top 25.

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Venture Capital Invest Research Capital 90

socalTECH

JUNE 17, 2020

According to the company, the recent pandemic doubled the volume of individuals seeking its estate planning services. The company was founded in 2017, but only raised its Series A in December of 2019, when it raised $6M in funding. READ MORE>>.

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Tech Coast Angels San Diego Seed Funding Competition 113

socalTECH

JANUARY 15, 2021

The IPO is being underwritten by BofA Securities, UBS Investment Bank, Canaccord Genuity, JMP Securities, Needham & Company, and Raymond James. The company is led by CEO Tim Vanderhook. The company reported $9.9M in net income on $164M in revenues for the year ended December 31, 2019.

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