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Design Therapeutics Sets IPO Offering Range

socalTECH

Carlsbad-based Design Therapeutics, a company developing treatments for serious degenerative disorders, has set an expected IPO offering range of between $18.00 The company has applied to list on the Nasdaq Global Market as DSGN. The company is venture backed by SR One, Quan Capital, Cormorant Asset Management, and WestRiver Group.

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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 company said its new fund, Diversis Capital Partners II, exceeded its target of $500M. The company said it reached the $675M in commitments just three months after its formal launch.

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The Design Accelerator Launches Incubator At Idealab

socalTECH

A new, startup incubator-created by the Art Center College of Design and the California Insitute of Technology --said this morning that it has launched a brand new, design-focused incubator, housed at Idealab. Breitenberg is special assistant to the president of Art Center College of Design. READ MORE>>.

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Vicente Capital Invests In Wireless Software Company

socalTECH

Los Angeles-based private equity investor Vicente Capital Partners announced MOnday that it has invested in iBwave Solutions , a Canadian company providing in-building wireless design software. The company''s software and associated services are used in the in-building wireless network design market. READ MORE>>.

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Diversis Capital Sells Portfolio Firm

socalTECH

Los Angeles-based private equity investor Diversis Capital said this morning that it has sold one of its portfolio companies, BLUE Software , to software company Esko. Esko is owned by Danaher, and develops software and hardware for package design. Diversis says its focus is on companies in the lower and middle markets.

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Going long on LA, India, AI and tech infrastructure March Capital raises $300 million

TechCrunch LA

March Capital Partners , the Los Angeles-based venture capital firm, has raised $300 million for its latest fund. ” Those two themes are borne out in the support March Capital has provided for The Hive , an artificial intelligence-focused incubator, and The Fabric , an infrastructure and internet of things-focused incubator.

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7 Grants For Black-Owned Businesses to Apply For in 2024

Tech.Co

In spite of these roadblocks, there are a growing number of Black-owned business grants available, designed to help close the gap and make the business landscape more diverse. Department of Commerce MBDA is a Federal grants program designed to support the growth of minority-owned businesses across the US.

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