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EcoATM Nabs $40M In Funding, Plans Major Expansion

socalTECH

EcoATM , the developer of those automated machines which lets you cash in your used phones, has some big plans--and some big money--as it plans to expand out its network of machines nationwide. EcoATM announced late Wednesday afternoon that it has raised $40M in a mezzanine debt funding round, from Falcon Investment Advisors. READ MORE>>.

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Prisyna Gets $6M For Oral Health Products

socalTECH

Claremont-based Prisyna , a unit of Synedgen, said this morning that it has raised $6M in a growth equity investment, to help it advance its products. Prisyna is developing a treatment called Moistagen, which it says relieves the symptoms of dry mouth, as well as treats oral mucositis due to chemotherapy or radiation treatments.

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A Chat With Jamie Montgomery On How LA's Tech Ecosystem Has Grown

socalTECH

The universities are now more focused on the innovation economy, with schools like USC, UCLA, Caltech, the Claremont Colleges all bringing good people to LA. The LIDAR, the sensors, the software, what's been developed for and by the aerospace industry, JPL, and local universities. The third area, are the private equity players.