TechCrunch LA

DECEMBER 10, 2019

Los Angeles-based ProducePay has inked a $190 million debt facility from Coventure and TCM Capital, to expand its lending business and marketplace for farmers. ProducePay offers farmers cash advances throughout the growing season to smooth the sometimes lumpy revenues and give farmers a bit more predictability, the company said. It buys produce ahead of delivery and sets itself up as a middle-man between distributors, growers and grocers.

Pricing 192

Pricing Los Angeles Equity Services 192

L.A. Business Journal

DECEMBER 10, 2019

Glendale-based ProducePay Inc. raised a $205 million debt financing round Dec. 10.

Glendale 200

Glendale 200

socalTECH

DECEMBER 10, 2019

A Los Angeles area man-- Joseph Frank Abel , of Camarillo--has been charged, along with three others, in a cryptocurrency fraud scheme that allegedly stole $722 million from investors, according to the U.S. Department of Justice. According to the DOJ, Abel and his co-defendants-- Matthew Brent Goettsche, Jobadiah Sinclair Weeks, and Silviu Catalin Balaci--solicited money from investors in exchange for shares of a purported cryptocurrency mining firm, BitClub Network , but ran the venture as a po

Southern California 100

Southern California Los Angeles Networking Invest 100

Xconomy

DECEMBER 10, 2019

The Scripps Research Institute and AbbVie have agreed to broaden an existing drug discovery agreement focused on cancer cell therapies to now encompass treatments for other kinds of disease. Scripps’s early-stage drug discovery division, Calibr, last year inked a big partnership with North Chicago, IL-based AbbVie (NYSE: ABBV ) to develop potential treatments for solid cancer tumors.

Research 52

Research Study Design Organization 52

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

socalTECH

DECEMBER 10, 2019

Los Angeles-based ProducePay , the venture-backed operator of an online marketplace for produce, has raised a big, $205M debt funding round, from Coventure and TCM Capital, the company said on Tuesday. ProducePay operates a maarketplace which connects produce buyers and sellers, and helping to provide faster payments to farmers. The company, led by CEO Pable Borquez Schwarzbeck, has previously raised venture funding from Anterra Capital.

Los Angeles 100

Los Angeles Capital Funding Software 100

Xconomy

DECEMBER 10, 2019

Zentalis Pharmaceuticals is banking on small molecules for cancer—leaving the “cool technologies” aside for a “tried and true” approach, says the CEO, who wants to let the science speak for itself. Since it was founded five years ago, the company has moved three compounds into the clinic. How? By operating under the radar. “If you take away the outside distractions, which is what we’ve been doing; when you have that singular focus, which is to develop drugs, it really helps,” Zentalis Phar

Develop 52

Develop Development Help Technology 52

socalTECH

DECEMBER 10, 2019

Los Angeles-based last mile transportation startup Wheels has rolled out a new, easily accessible helmet, which is integrated with its bicycles--and which, if used, will provide a discount to its riders. The startup--backed by TDK Ventures and DBL Partners--has added an integrated helmet which locks to the rear fender of its bicycles, which are unlocked when users rent one of its vehicles.

Study 100

Study Demand Los Angeles Startup 100

socalTECH

DECEMBER 10, 2019

Los Angeles-based MedAnswers , a venture-backed startup focused on fertility, is announcing this morning that it has launched a new product, which helps match users with fertility doctors and experts. The company already offers up information on fertility from experts via its iOS and Android apps. MedAnswers said its new tool will use health data reported by users to match them to doctors, fertility products, and clinical trials; the tool also helps fertility clinicians by supplying qualified le

Platform 100

Platform Tool Los Angeles Report 100

socalTECH

DECEMBER 10, 2019

Santa Monica-based Retina , a startup developing artificial intelligence and predictive analytics tools, is integrating its software into the popular Shopify e-commerce platform, the company is announcing this morning. Retina--led by CEO Michael Greenberg--develops software which helps calculate customer lifetime value (CLV) for e-commerce retailers, helping them to shape their marketing and acquisition spend.

Artificial Inteligence 100

Artificial Inteligence Santa Monica Commerce Tool 100