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Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup

socalTECH

ElNaggar was most recently serving as Chief Strategy Officer at CBS Interactive; he co-founded Sapho with fellow CBS Interactive alum Peter Yared, who was CBSi's CTO and CIO. ElNaggar was in Redpoint's LA offices from 2005 until 2011, and had stints on the boards of Machinima and Hark, among other companies. Sapho is in Silicon Valley.

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Ryan Blair, HashtagOne: From Gang Member, To Entrepreneur, To Anti-VC

socalTECH

He eventually founded and sold consumer health firm ViSalus to a public company and is now back making investments, in technology companies, as a venture capitalist here at Los Angeles-based HashtagOne (www.hashtagone.com). After we sold it to that public company, I founded HashtagOne. It's all about leverage.

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Shoreline Biosciences Finds $140M

socalTECH

San Diego-based Shoreline Biosciences, a developer of cell immunotherapies for treating solid tumors and hematologic malignancies, has raised $140M in a financing round, the company said today. The company said that Frank Yu, Founder, CEO and CIO of Ally Bridge Group, joined the company's board of directors as part of the funding.

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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

In an exclusive interview with TechCrunch, Klarna CEO and founder Sebastian Siemiatkowski said the company has seen explosive growth in the U.S. and plans to use its new capital in part to continue to grow there and globally. The company has about 4,000 employees with several hundred in the U.S.

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Cedars-Sinai Backs Censinet In $7.8M For Risk Management

socalTECH

Los Angeles-based Cedars Sinai is one of the major backers of a new startup, Censinet , in the company's Series A funding. in a Series A, co-led by HLM Venture Partners and Cedars-Sinal Health System, to provide third party risk management for healthcare providers. According to Censinet, it raised $7.8M

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IntraStage Raises Angel Funding

socalTECH

San Diego-based IntraStage , a developer of quality management software for companies who design and manufacture electronic products, including statistical process control (SPC) and other testing and data analytics tools, has raised a round of angel funding. According to the firm, it raised a Series A investment led by the Tech Coast Angels.

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Want to Start a Technology Company in LA?

Both Sides of the Table

I was recently interviewed for an article that appeared in Fast Company titled, “ Why you should start a business in LA.&# If you’re interested in the topic it’s worth a read, but I thought I’d elaborate on the topic since it comes up all the time. But we have a great city for building technology companies.

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