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Tocagen, Forte Biosciences In Merger

socalTECH

As part of the funding, the two said that Alger, BVF Partners LP and OrbiMed have entered into a securities purchase agreement to invest $14 million in the combined company. The newly merged company will operate under the name Forte Biosciences, and trade on the Nasdaq Capital Market as FBRX. READ MORE>>.

Torrance 113
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Phyn Taps Into $10M More For AI-Powered Plumbing Monitoring Device

socalTECH

Torrance-based Phyn , the developer of the remarkably advanced water monitoring technology spun out of Belkin, said today that it has raised another $10M in funding, from current investor Uponor. According to Phyn, the new investment will go towards market penetration and to scale the company's operations. READ MORE>>.

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Announcing The Socaltech 50: Southern California's Up-and-Comers

socalTECH

Josef Gorowitz , Swagbucks (Torrance, online marketing/rewards). Amanda MacNaughton , PromoJam (Glendale, marketing software). Internap , PricewaterhouseCoopers , Demand Media , Stubbs, Alderton & Markiles LLP , Oracle , Cresa Partners , UK Trade & Investment , PIXT , and many others.

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The Station: Canoo hits the road, Coup shutters and Samsung shifts

TechCrunch LA

Meanwhile, TechCrunch reporter Manish Singh learned from two sources familiar with the deal that Bangalore-based startup Bounce has raised about $150 million as part of an ongoing financing round led by existing investors Eduardo Saverin’s B Capital and Accel Partners India. The big attraction isn’t necessarily price either.