San Diego Tech Roundup: Bitmo, Dvele, Cybersecurity Report & More

Xconomy

—Mobile app startup Bitmo announced it had raised more than $3 million in seed funding from investors including Everplus Capital, Longboard Capital Advisors, and several Southern California-based family fund offices. Bitmo’s mobile app allows users to send and receive digital gift cards that can be switched between a number of stores. The company says it has about 130 national brands on the platform, including Nike, Nordstrom, and Old Navy.

GrollTex Gets Seed Funding

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San Diego-based GrollTex , a new startup spinning out of the University of California, San Diego, has scored a seed funding round. The funding came from The Triton Fund and the Tech Coast Angels. Size of the funding was not disclosed.

Trovata Gets Seed Funding From J.P. Morgan

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San Diego-based Trovata , a company developing cash automation software for the treasury management market, has raised a round of seed funding, led by J.P. The company said the new funding from JPMorgan Chase will go towards accelerating product development and for new customer engagements. trovata venture capital cash automation software fintech financial jpmorgan

Portfolium Raises $900,000 In Seed Funding

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San Diego-based Portfolium , a startup developing an online platform to share a students'' academic portfolio, has raised $900,000 in a seed funding, according to startup incubator EvoNexus. The funding came from the Tech Coast Angels, Taner Halicioglu of Keshif Ventures, and others. Portfolium is based in EvoNexus, which said this newest funding brings the total raised by its startups to $573M.

Pay it Forward: Capital Drives Bio Innovation in San Diego & Beyond

Xconomy

The change has caused me to reflect a bit on the state of finance in biotech and in San Diego biotech particularly. During the process of arranging early funding for Organovo in 2008-2010, I worked with angels in San Diego, all over the country, and around the world. After starting Organovo in 2007, I spent much of the next decade as CEO seeking financing to advance our bioprinting technology.

Chalk Digital Gets Seed Funding For Mobile Ad Technology

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San Diego-based Chalk Digital , a provider of location-based, mobile advertising technology aimed at local businesses, said today that it has raised a seed funding round. Size of the funding was not announced. The funding came from Composite Capital Partners, Kernal Capital Inc., KLab Ventures, Tallwave Capital along with angels Peter L. chalk digital advertising mobile location smartphone venture capital angel investment seed

Indpenda Gets Seed Funding, Launches

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San Diego-based Independa , a startup developing products to help senior citizens live independently longer via technology, said this week that it has received a second round of seed funding, and launched its products. Amount and source of the funding was not disclosed. Tags: independa independent living senior citizen care home venture capital

TYLT Labs' New Seed Fund And The Promise Of Silicon Beach

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There seems to a perpetual shortage of local venture capital investors in the region, despite the huge growth in startup activity here, particularly along Silicon Beach. Our investments tend to be more seed to A round investments.

Independa Gets Seed Funding, Launches

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San Diego-based Independa , a startup developing products to help senior citizens live independently longer via technology, said this week that it has received a second round of seed funding, and launched its products. Amount and source of the funding was not disclosed. Tags: independa independent living senior citizen care home venture capital

VC Funding Surges in Fewer Deals in Third Quarter, and Top 10 Deals

Xconomy

“More dollars, fewer deals” has been a prevailing trend in venture funding over the past couple of years, and it was evident again in the three months that ended September 30, according to the latest Venture Monitor report. While there was a 6 percent downtick from funding in the previous.

K5 Brings yCombinator Model Accelerator To Orange and San Diego County

Tech Zulu Event

K5 aims to create a network of support and mentorship along with access to capital where people can build on creative ideas with the help of successful business people, and connect with investors to get their concepts off the ground. Exciting times in the Southern California tech community.

Illumina Accelerator Sees ‘Huge Impact in Genomics’ in New Startups

Xconomy

Illumina (NASDAQ: ILMN ), a San Diego-based company that was a pioneer in gene sequencing technology, founded the accelerator in 2014, along with Russian billionaire Yuri Milner. The program, modeled on tech-oriented accelerators such as Y Combinator, provides genomics-focused startups with capital, lab space at Illumina Accelerator’s offices.

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Trust & Will Raises $2M to Advance Digitization of Estate Planning

Xconomy

The team at Trust & Will, a San Diego-based startup founded in October of 2017, is betting that a good chunk of those people would shell out some money to outline an estate plan if the process were cheaper and easier. On Thursday, the company announced it closed on financing of $2 million—half a million in pre-seed funding and a subsequent $1.5 million in seed—in 2018 to advance its growing suite of products, digitized. [ Updated 9:30 a.m.,

K5 Brings yCombinator Model Accelerator To Orange and San Diego County

Tech Zulu Event

K5 aims to create a network of support and mentorship along with access to capital where people can build on creative ideas with the help of successful business people, and connect with investors to get their concepts off the ground. Exciting times in the Southern California tech community.

MANTA Instruments Finds Funding For Scientific Instruments

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La Jollla-based MANTA Instruments , a developer of technology for characterizing nanoparticles, has raised a round of seed funding, from Triton Technology Fund. Size of the funding was not announced. Triton announced the funding this morning, and said MANTA will use the funding to accelerate commercialization of its scientific instruments. manta scientific instruments seed funding nanoinstruments venture capital evonexus incaubtor

Case’s $150M Rise of the Rest Fund Aims to Boost Flyover Startups

Xconomy

Author, investor, and AOL co-founder Steve Case today announced a new $150 million venture fund aimed at pumping investment capital into tech companies in so-called flyover states. Contributing to the fund is an impressive group of some of the most successful entrepreneurs in the country. Called the Rise of the Rest Seed Fund , it will be overseen by Case and Hillbilly Elegy author J.D.

SF’s Full Harvest Bags $8.5M to Help Sell “Ugly and Surplus” Produce

Xconomy

million in a Series A round of funding. The funding was led by Spark Capital and includes investors such as Cultivian Sandbox Ventures, Rent the Runway co-founder Jenny Fleiss, and John Scherr, head of strategic partnerships at CircleUp. Full Harvest raised $2 million in seed funding last year. Environmental Protection Agency Uber United Nations Venture Capital

Trust and Will Finds $2M

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San Diego-based Trust & Will , a startup which operates an online software tool to help people create their own estate plans, has raised $2M in a funding round, the company disclosed this week. The funding came from Techstars, Wolfpark Ventures, Rise of the Rest Seed Fund, Luma Launch, Halogen Ventures, Walket Capital, Western Technology Investment, plus angels. trust will estate planning legal saas cloud venture capital seed sdtca

This Week in Venture Capital – Episode 4

Both Sides of the Table

Rustic Canyon is an LA-based, but geography-agnostic VC that is currently investing from a $200 million fund. They were originally founded inside of Times Mirror and had a huge string of major investment success before spinning out as a fully independent fund.

TCA Stresses Mixers, New Website

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The Tech Coast Angels is stressing its mixer program, seed investment efforts, and a new website, as it kicks off a 2010 program, according to the angel investing group. The group also said it is focusing on its SeedTrack program, which is specifically focused on seed stage funding and extensive mentoring. Tags: tech coast angels funding venture capital seed fund

As Drone Navigation Advances, SlantRange Focuses on Farm Analytics

Xconomy

For example, at Xconomy’s Robo Madness forum in San Jose, CA, last month, three companies each presented a different approach to intelligent navigation: — PreNav , founded in San Carlos, CA, in 2013, has developed a separate, ground-based system that uses a pulsed laser (formally known as Light Detection and Ranging, or LIDAR) to precisely determine the flight path for a quadcopter.

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Trovata.io Names New Executives

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San Diego-based Trovata.io , a developer of software used for automating cash management and for open banking, has named two new executives, the company said on Tuesday. Drambarean was previously at Capital One. Morgan, and received its seed funding round back in December of 2018. trovata capital cash automation software fintech financial jpmorgan

Beauty Bakerie Finds $3M In Seed From Unilever

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San Diego-based beauty brand Beauty Bakerie , a developer of cosmetics aimed at Millennials, has raised $3M in a seed funding. The funding was led by Unilever Ventures. capital venture cosmetics unilever brand funding seed bakerie beautyBeauty Bakerie was founded by CEO Cashmere Nicole, who founded the brand in 2011. READ MORE>>.

Bitmo Finds $3M For Mobile Gifting App

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San Diego-based Bitmo , a startup developing a mobile gifting and payment app, has raised $3M in a seed funding round, the company said on Thursday afternoon. The startup said funding in the round came from Everplus Capital, Longboard Capital Advisors, several un-named, Southern California family funds, as well as board members and angel investors. startup sandiego smartphone capital venture longboard everplus gift gifting mobile bitmo

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Tortuga Logic, Co-Founded By UCSD, UCSB Profs, Raises $2M For Hardware Security

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Tortuga Logic , a new startup focused on chip-level cybersecurity technology whose founders include professors from UC San Diego and UC Santa Barbara, has raised $2M in a seed funding, the company disclosed on Thursday. The seed funding came from Eclipse Ventures. tortuga logic ucsd ucsb hardware security cybersecurity venture capital vhdl semiconductor compiler

UCSD 100

Molecular Assemblies Gets $2.3M

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San Diego-based Molecular Assemblies , a startup developing enzymatic DNA synthesis technology, has raised $2.3M in a seed funding, the company announced this morning. The funding came from Agilent Technologies, Cavendish Impact Capital Fund, Eleven Two Capital, Keshif Ventures, Genomics Investment Syndicate, Newport Holdings, LP, and Alexandria Venture Investments. molecular assemblies enzymatic synthesis venture capital

Workforce Trends, Economy, & More: Q&A With Alexandria’s Joel Marcus

Xconomy

from San Francisco, San Diego, and Seattle on the west coast to Boston, New York, and Research Triangle Park out east. Both are accompanied by separate new investment funds of between $10 million and $25 million.

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SkySafe Finds $3M In Funding To Disable Rogue Drones

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San Diego-based SkySafe , a developer of technology to disable--and take over--rogue consumer drones, has raised $3M in a seed funding, the company disclosed today. The funding was led by Andreessen Horowitz, and also included Founder Collective and SV Angel.

Truepic Finds $1.75M

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San Diego-based Truepic , a company developing mobile apps which help to certify that images--such as those for real estate, car rentals, home rentals, and online dating--have not been modified or altered before uploading, has raised $1.75M in a seed funding round. The company said funding came from angels such as Jeffrey Parker (FirstCall, Thomson Financial), Andrew "Flip" Flipipowski (Platinum Technology, SilkRoad); and William Sahlman (Harvard Business School).

Saucey Raises $4.5M For On-Demand Alcohol Delivery App

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in a seed funding round. The funding came from Blumberg Capital, Structure Capital, Altpoint Ventures, T5 Capital, HashtagOne, as well as individual angels. Saucey delivers beer, wine, and spirits in Los Angeles, San Diego, San Francisco, and, as of yesterday, Chicago. saucey venture capital seed ondemand alcohol delivery iphone android angel drinking beer

Demand 138

Raken Raises $10M For Construction Management

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San Diego-based Raken , a startup developing mobile software to manage construction projects, has raised $10M in a Series A funding round. The funding was led by U.S. Venture Partners, and also included Tao Capital Partners, plus earlier investors Eniac Ventures, Rincon Venture Partners and Spider Capital. Raken has now raised $12M, including its earlier $2M seed funding announced in March of 2017.

GoShare Raises $1M For On Demand Moving, Delivery App

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San Diego-based GoShare , the developer of an on-demand, moving and delivery app, has raised $1M in a seed funding round, the company said on Friday. The company--which calls itself the "Uber for Trucks"--said the funding was led by race car driver and entrepreneur Claudio Burtin, and also included Dr. David Panton (Panton Equit Partners). The company said it will use the funding to improve its product and expand into new cities.

Demand 130

Molecular Stethoscope Raises $8.2M

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San Diego-based Molecular Stethoscope , a biotechnology startup developing a blood-based, liquid biopsy platform for early detection and monitoring of disease, has raised $8.2M in a seed funding round. The funding came from Data Collective, Pfizer, Index Ventures, an un-named research university, and angels. diagnoses diagnostic biopsy liquid blood lifescience biotech capital venture stethoscope molecular

Biotech Roundup: Deals Gone Wrong, Ethical Red Flags & Bay Goodbyes

Xconomy

Thousands of others will head to San Francisco for BIO, which has a distinct international flavor. ” The project leaders are seeking $100 million in funding. BioMarin Pharmaceutical (NASDAQ: BMRN ) of San Rafael, CA, said it would not try to gain European approval of drisapersen , four months after U.S. billion acquisition of San Diego’s Auspex Pharmaceuticals last year.

Measurabl Gets $2M For Sustainability Software

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San Diego-based Measurabl , a provider of sustainability reporting software, disclosed this morning that it has raised $2M in a seed funding from CrossCut Ventures. green cleantech capital venture crosscut software reporting sustainability measurable Measurabl is led by Matt Ellis, formerly the Director of Sustainability Solutions at CBRE.