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EcoATM Gets New CEO After Private Equity Acquisition

socalTECH

San Diego-based ecoATM has appointed David D. Maquera as its CEO, after the completion of the company's acquisition by private equity investor Apollo Global Management. ecoATM had previously faced the ire of some of by Outerwall's investors , who had demanded Outerwall sell or shut down ecoATM due to results out of the division.

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Postmates’ newest feature is like Uber POOL for food delivery

TechCrunch LA

Los Angeles, Miami, New York City, Phoenix, San Francisco, San Diego, Seattle, Orange County, Calif. Postmates Party is the latest innovation in on-demand delivery that will help us deliver on this vision,” Postmates CEO and co-founder Bastian Lehmann said in a statement. cities in which it currently operates.

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Sundae snags $36M to build out its distressed property marketplace

TechCrunch LA

He did note that in the four markets where the company has gone live since launching its business in January 2019 — San Diego, Los Angeles, the Inland Empire , and Sacramento — has yielded an annualized revenue run rate of over $400 million in gross merchandise value (the total value of home sales transacted on its platform).

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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

socalTECH

Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. Internet Brands had gone public just three years ago.

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Reflections on 2018: Rob Freelen, Silicon Valley Bank

socalTECH

Over the last four years, I watched numerous entrepreneurs raise equity. In 2018, many of them sold their companies or raised massive equity rounds. In December, the San Diego company added one of softwares biggest names, Microsoft Chairman John Thompson, to its board of directors.

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Molecular Assemblies Raises $12M to Advance Enzymatic DNA Synthesis

Xconomy

Now, as demand for engineered DNA rises, a handful of startups are vying to become the go-to provider for researchers looking for improved versions of the DNA sequences. On Tuesday, the San Diego biotech said it had raised $12.2 million in Series A financing that will help it continue its journey toward commercialization.

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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

TechCrunch LA

metro area, San Diego and Santa Monica. Spin, which began offering this on April 1, is making this available in Baltimore, Denver, Detroit, Los Angeles, Portland, San Francisco, Tampa and Washington, D.C. The on-demand shuttle startup raised $400 million, TechCrunch learned. Deal of the week. Other deals: Qcraft.ai

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