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Cake Connects With $4M In Venture Capital For Sex Products

socalTECH

Los Angeles-based Cake, a consumer products company that develops lubricants and other (NSFW) products it bills as designed for "sexual wellness", has attracted the rare attention of venture capital investors, saying that it has raised $4M in a seed funding round. The company said it has now raised $5.7M in total funding.

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Beauty By Design Raises $2.2M

socalTECH

Los Angeles-based Beauty By Design , a startup offering up "hyper-personalized" beauty products based on a customer's skin, has raised $2.2M David Weissman is CEO and Co-founder of Beauty By Design. in a seed funding round. READ MORE>>.

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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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Qulab Applies Artificial Intelligence To Drug Design

socalTECH

Los Angeles-based Qulab , a biopharmaceuticals startup developing artifical intelligence software aimed at small molecule drug design, said on Wednesday that it has launched its first product, Quleap.

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Maury Microwave, Backed By Artemis Capital, Buys dBmCorp

socalTECH

Maury Microwave is backed by private equity investor Artemis Capital Partners. Financial details of the buy were not announced.

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Former Tinder VP Launches Startup Accelerator, Product Club

socalTECH

--who is based in Los Angeles--has launched a brand new startup accelerator called Product Club , which is aiming itself at accelerating a small class of product-focused startups. Morris is currently a venture investor at Chapter One Venture Capital. READ MORE>>.

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Ghost appears with new funding, marketplace to match buyers with unsold products

TechCrunch LA

“Twenty years ago, if you started a brand, your first hire, outside of a designer, would have been a salesperson,” Murthy told TechCrunch. More people are focused on the beginning of the product lifecycle; very few are focused at the end.”. Buyers then can bid on the goods. That’s our vision.”. Syrup Tech bags $6.3M

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