Tue.Oct 19, 2021

Pasadena Startup CarbonCapture Raises $35M, Hires CEO

L.A. Business Journal

Pasadena startup CarbonCapture Inc. secured $35 million in Series A financing and named veteran cleantech industry executive Adrian Corless chief executive

Classy Acquires Events Platform Fondi

socalTECH

San Diego-based nonprofit software developer Classy announced on Tuesday that it is acquiring event platform Fondi, the developer of a virtual and hybrid event platform. Financial details of the acquisition were not announced. Classy said it will relaunch Fondi as Classy Live for nonprofits. Fondi was previously owned by Lennd.

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Locale puts $2M to work helping people discover local cuisine

TechCrunch

When you move around a city, you often end up farther away from some of your favorite restaurants and bakeries. Locale wants to keep you connected to the food you love, even if you live hours away now.

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Scopely Buys GSN Games For $1 Billion

socalTECH

Los Angeles-based mobile games developer Scopely said on Monday that it is paying approximately $1 billion for GSN Games, the division of Game Show Network owned by Sony Pictures Entertainment. GSN Games owns a portfolio of free-to-play mobile and online games, and is best known for such titles as "Solitaire TriPeaks" and "Bingo Bash". According to Scopely, the deal is split between both cash and equity in the company, which will give SPE a minority interest in the company.

Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

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.

EV Connect Rolls Out API For EV Charging Network

socalTECH

El Segundo-based EV Connect, which operates a network of electric vehicle charging stations, says it has rolled out an application programming interface (API), which allows its customers to integrate into its network. According to the company, the API allows charging providers to develop customized EV networks as well as smart charging and eMobility applications.

Original Wood Case Apple-1 Computer Goes Up For Auction

socalTECH

An original, wood paneled Apple-1 computer -- originally owned by a professor at Chaffey College in Rancho Cucamonga -- is going up for auction, according to a local auction house, John Moran Auctioneers. According to the auction company, the "Chaffey College Apple-1" is estimated at $400,000 to $600,000.

Metagenics Acquired By Gryphon Investors

socalTECH

Aliso Viejo-based Metagenics, a provider of health supplements distributed through healthcare providers, has been acquired by private equity investor Grophon Investors. Financial details of the deal were not announced. Metagenics was previously owned by Alticor Inc. Metagenics was founded in 1983, and offers up. nutritional solutions recommended by healthcare professionals". The company will continue to be led by current CEO Brent Eck.