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SpaceX Lands $314M More In Funding, Says Report

socalTECH

in new funding, according to a report from CNBC Thursday, which said part, if not all, of that investment came from the Ontario Teachers' Pension Plan. According to CNBC, the funding came at $214 per share, and will bring the total raised by SpaceX in 2019 to $1.33 Hawthorne-based SpaceX has raised $314.2M

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Reflections On 2019: Peter Cowen, Sutton Capital Partners

socalTECH

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. Are there any technology innovations, gadgets/devices, software, that you found most interesting in 2019?

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Ford, Rivian Abandon Plans For Joint EV

socalTECH

According to reports, the move came due to the difficulty of marrying Ford and Rivian's hardware and software together. Ford made a $500M investment in Rivian in 2019. In a small post-IPO setback for Irvine-based Rivian, automaker Ford said Friday that Ford and Rivian have abandoned plans to jointly develop an EV together.

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London and SF have become Impact Tech hubs, with 280% increase in VC in 5 years

TechCrunch LA

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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Report: Strong Q1 2020 In Venture Capital, But Downturn Expected

socalTECH

The National Venture Capital Association (NVCA) says that Q1 2020 venture capital investments had a "strong showing" in Q1, however, it expects that the impending economic downturn due to the COVID-19 pandemic will slow activity through the rest of the year. According to the NVCA, and its PitchBook-NVCA Venture Monitor, there was $34.2

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Silicon Beach Report October 29: Hyperloop Plans Abu Dhabi Track

L.A. Business Journal

Axiomatic gets Jordan investment; Hyperloop Transportation Technologies sets 2019 construction target; $2 million for Santa Monica solar firm

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Viant Files For IPO

socalTECH

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