Both Sides of the Table

JUNE 28, 2021

On Funding?—?The Denominator Effect I recently wrote a post about funding for investors to think about having a diversified portfolio , which I called “shots on goal.” The thesis is that before investing in an early-stage startup it is close to impossible to know which of the deals you did will break out to the upside. It’s therefore important to have enough deals in your program to allow for the 15–20% of amazing deals to emerge.

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Funding UCSD Netflix CalTech 301

socalTECH

JUNE 28, 2021

Newport Beach-based Ankona Capital, a new, venture capital company founded by Josh Harmsen, Brian Mesic, Newth Morris, and Jared Smith, has raised $66M in its first, venture capital fund. The company says it invests between $5M to $10M in early, growth-stage B2B software companies which are already generating $5M to $15M in recurring revenues. Ankona says its portfolio companies already include several companies, including Canopy, Cordial, GoSite, SOCi, VideoAmp, and Zingle.

Venture Capital 203

Venture Capital Capital Funding Invest 203

L.A. Business Journal

JUNE 28, 2021

Of all the industries in Los Angeles, the tech sector was among the quickest to adapt to the pandemic.

Company 246

Company Companies Los Angeles Angel 246

Startup Professionals Musings

JUNE 28, 2021

Entrepreneurs who require funding for their startup have long counted on self-accredited high net worth individuals (“angels”) to fill their needs, after friends and family, and before they qualify for institutional investments (“VCs”). The many crowd funding platforms on the Internet, led still by Kickstarter and IndieGoGo , were expected by many to put regular people in charge of funding new opportunities, and kill the need for angel groups.

Funding 144

Funding Startup .Net Invest 144

Advertiser: Aggregage

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

Company

L.A. Business Journal

JUNE 28, 2021

A host of local startups have been instrumental in changing the way hungry customers shop for groceries, order takeout and sample food from multiple restaurants.

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Sample Company Companies Customer 165

socalTECH

JUNE 28, 2021

Los Angeles-based Oblong, which develops futuristic collaboration systems, said on Monday that it has raised $12.4M in a registered direct offering, from both pre-existing and new institutional investors. The publicly traded company--which trades on the Nasdaq as OBLG--said it sold 4,000,000 sahres of its common stock at a purchase price of $3.10 per share.

.Net 113

.Net Equity Los Angeles Pricing 113

socalTECH

JUNE 28, 2021

Santa Monica-based Tapcart, a startup focused on helping Shopify-powered e-commerce brands with mobile apps, has raised $50M in a Series B funding round, the company announed Monday afternoon. According to Tapcart, the funding was led by Left Lane Capital, and also included Shopify, SignalFire, Greycroft, Act One Ventures, and Amplify LA. The company said it power the mobile apps for such brands as Fashion Nova, Pier One Imports, The Hundreds, Patta, Culture Kings and thousands of other companie

Commerce 113

Commerce Mobile Santa Monica Tool 113

L.A. Business Journal

JUNE 28, 2021

After thriving during the pandemic, tech companies are poised for continued success. The Business Journal looks at where they go from here.

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Journal Report Company Companies 147

socalTECH

JUNE 28, 2021

Santa Barbara-based supply chain software developer QAD has entered into a $2 billion acquisition deal with private equity investor Thoma Bravo, the company said on Monday. According to QAD, its shareholders will receive $87.50 per share in cash from Thoma Bravo, in an all-cash transaction. The take-private deal will result in QAD no longer trading on public markets.

Equity 113

Equity Acquisition Santa Barbara Resource 113

L.A. Business Journal

JUNE 28, 2021

Palms-based location marketing software company MomentFeed Inc. has been acquired by Berlin-based software company Uberall, the companies announced June 15.

Marketing 130

Marketing Company Companies Software 130

socalTECH

JUNE 28, 2021

Los Angeles-based biomedical products developer Second Sight Medical Products says it raised $57.5M in a public offering of 11,500,000 shares of its common stock. The publicly traded company, which trades on the NASDAQ as EYES, is developing implantable visual prosthetics that are intended to create an artificial form of useful vision for blind individuals.

Los Angeles 113

Los Angeles Product Angel Develop 113

L.A. Business Journal

JUNE 28, 2021

Torrance-based electric vehicle manufacturer Canoo Inc. plans to open an assembly plant in Oklahoma by 2023.

Torrance 162

Torrance 162

socalTECH

JUNE 28, 2021

Los Angeles-based Zevia, the developer of artificial sweeteners, filed for an IPO last week, saying that it plans to have an IPO on the New York Stock Exchange as ZVIA. The company plans to raise up to $100M in its IPO, according to the company's S-1 filing. The IPO is being underwritten by Goldman Sachs & Co. LLC, BofA Securities and Morgan Stanley, along with Stephens Inc., BMO Capital Markets and Wells Fargo Securities.

Los Angeles 113

Los Angeles Capital Marketing Angel 113

Tech.Co

JUNE 28, 2021

Startup tech businesses used to land on the scene with big ideas about how their tech could change the world. Facebook, for example, decided in 2008 that its mission was to “help you connect and share with the people in your life.” The vision was grand and amorphous, with no clear indication of how or why Facebook would carry out its mission.

Startup 104

Startup Ideas Venture Capital Course 104

SoCal Tech Calendar

JUNE 28, 2021

Tuesday, June 29, 2021 -- Plug and Play Downtown Los Angeles Launch. Plug and Play has partnered with the LA Area Chamber, Alliance for SoCal Innovation and Downtown Center Business Improvement District to turn Downtown LA into the next urban innovation hub. Plug and Play will be opening their Los Angeles location at the TENTEN Wilshire building which innovated on the live, work, play all-in-one-place lifestyle.

Los Angeles 100

Los Angeles Angel SoCal Southern California 100

socalTECH

JUNE 28, 2021

Is the future of learning at your local corporate campus? In the case of a new, emerging private high school in Los Angeles, it might be. Portal Schools and consumer electronics giant Belkin International said on Monday that the two are partnering to launch an on-campus, combined high school and college degree at Belkin International's office headquarters in Los Angeles, starting in August.

Belkin 100

Belkin Los Angeles Mentor Class 100