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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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Reflections on 2020: Andy Wilson, Alliance for SoCal Innovation

socalTECH

You will be able to get to all of these posts on our 2020 reflections here. As you may recall the Alliance's mission is to elevate the region as a global leader in innovation, technology & entrepreneurship. What are you most looking forward to in the technology/startup world in 2021?

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Clearlake Capital Backs RSA

socalTECH

Santa Monica-based private equity investor Clearlke Capital Group says it has made a strategic, equity investment in RSA Security, which develops encryption, cybersecurity, risk and compliance, and other related software. Financial details of the investment were not announced.

Capital 113
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Diversis Capital Raises $675M Fund

socalTECH

Los Angeles-based private equity investor Diversis Capital Management said this morning that it has raised a new, $675M fund. The new fund will primarily in businesses based in North America, and selectively in Europe and Australia, and is focused on focused control private equity investments in lower middle-market companies.

Capital 113
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New guidance on SBA loans means most startups are still excluded from $349 billion stimulus

TechCrunch LA

— Doug Rand (@doug_rand) April 4, 2020. — Mark Suster (@msuster) April 4, 2020. At its essence, the issue for startups seems to be centered on the board rights that venture investors have when they take an equity stake in a company. — Matt Hottle (@MattRedhawk) April 4, 2020. SBAgov @USTreasury.

Startup 322
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Apeel Sciences Takes $250M More

socalTECH

The huge funding round comes only about a year since an earlier, $250M funding it raised back in May of 2020. Santa Barbara-based Apeel Sciences, which has developed a plant-based coasting for fresh produce to extend its shelf life, has raised another big $250M funding round, a Series E for the company.

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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

In all of 2020, it processed $53 billion in volume. Meanwhile, in 2020, Klara hit over a billion in revenue. We’ve scaled up so massively in investments in our growth and technology, but running on a loss is very odd for us,” he told TechCrunch. The company’s momentum can be seen in its impressive financial results.