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Rocket Lab Plans IPO Via SPAC

socalTECH

Long Beach-based rocket developer Rocket Lab is joining the very long list of local technology companies, which is heading towards the public market through a merger with a Special Purpose Acquisition Company (SPAC). According to Rocket Lab, the deal will give it an implied pro forma enterprise value of $4.1

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Sunstone Backs Lucira Health In $15M Funding

socalTECH

Long Beach-based investor Sunstone Management is one of the investors in Emeryville, California-based Lucira Health , as part of a Series B funding rounding, the company said on Monday morning. Lucira Health is developing diagnostic tools which use DNA and RNA to identify infection diseases. READ MORE>>.

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Apex Innovation Sciences Forms From Three Way Merger

socalTECH

A new company, Apex Innovation Sciences --with headquarters in Long Beach, California and Marlton, New Jersey--has formed out of a corporate merger of CNS Network and Hassman Research Insitute , along with the Clinical Trial Centers Alliance , three companies in the clinical trial studies industry, the companies said this morning.

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Momentum IoT Raises $3.1M

socalTECH

Long Beach-based Momentum IoT , a developer of telematics products for tracking trucks, trailers, heavy equipment, and other assets, has raised $3.1M in a funding round, the company said this morning. The funding was led by Howard Edmund Capital, and also included Thompson Aerospace. READ MORE>>.

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Cargomatic Collects $35M

socalTECH

Long Beach-based Cargomatic , which develops technology to connect shippers and carriers, said this week that it has raised $35M in a Series B funding round. The funding was led by Warburg Pincus, and also included Canaan, Genesee & Wyoming, Xplorer Capital and Muse Family Enterprises. READ MORE>>.

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ChargerHelp raises $2.75M to keep EV chargers working

TechCrunch LA

. “There was an abandoned vehicle parked there and the station was surrounded by mud,” said Terry who is CEO and co-founded the company with Evette Ellis. The company said it has raised $2.75 million from investors Trucks VC, Kapor Capital, JFF, Energy Impact Partners and The Fund. Hiring approach.

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Digital Performance Raises $3.2M, Hires CEO

socalTECH

Long Beach-based Digital Performance, which develops technology for online sales efforts in the after market automotive parts sector, is announcing Monday that it has raised $3.2M The round was led by Rincon Venture Partners, and also included Arcturus Capital and Momentum Venture Management. in a Series A funding round.

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