socalTECH
JUNE 27, 2016
Woodland Hills-based ReachLocal is being acquired by publishing giant Gannett Co. , in a deal worth approximately $156M, the two companies said on Monday afternoon. ReachLocal said Gannett would pay $4.60 per share in cash for the company. VantagePoint Venture Partners and Rho Ventures--who own approximately 40% of ReachLocal--said it had agreed to tender their shares to Gannett as part of the acquisition deal.
TechCrunch LA
JUNE 27, 2016
Buy organic groceries online, at an affordable price. That’s the mantra of Los Angeles-based Thrive Market, which has raised a significant $111 million Series B funding round, led by Invus. Thrive, which competes with similar online grocery services like Vitacost, believes there is a significant market opportunity to make natural foods more accessible to consumers and they’ve… Read More.
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socalTECH
JUNE 27, 2016
San Diego-based Qualcomm said late Sunday that its subsidiary, Qualcomm Technologies, has now secure more than 60 manufacturers and 100 design wins, for its solutions for 4G LTE modems in the Internet-of-Things space. Qualcomm said that 60 OEMs are using its Qualcomm Snapdragon X5 LTE model and MDMD9207-1 modems, specificdally for Internet-of-Things (IoT) products.
SoCal Tech Calendar
JUNE 27, 2016
Thursday, June 30, 2016 -- Hub 101 Demo Day. The Hub101 Incubator Program is a 13-week incubator for early-stage, high-potential startups from the Conejo Valley and across the globe. The Program brings these startups to sunny Westlake Village and helps them build a repeatable, scalable business model in a mentor-driven format. In 13 weeks, more than 25 mentors have given their time to coach and advise our teams.
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socalTECH
JUNE 27, 2016
Los Angeles-based venture investor Upfront Ventures has made a new investment in the video distribution and content discovery area, with an investment in Canadian firm Vemba. Vemba, which is based in Toronto but has offices in Los Angeles, said it raised $5M in a Series A funding, which was led by Upfront Ventures and Bertelsmann Digital Media Investments (BDMI), along with the Enterprise Fund at the John S. and James L.
L.A. Business Journal
JUNE 27, 2016
Thrive Market raises $111 million, Snapchat explores paying users, Greendot names new Chairman, and more.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Startup Professionals Musings
JUNE 27, 2016
The startup lifestyle is known to be stressful and challenging, but it’s also meant to be satisfying and fulfilling, with you as the entrepreneur in control of your own destiny. Unfortunately, it doesn’t always work out that way, based on my many years of experience with entrepreneurs and advising startups. The business can be successful, while the entrepreneur feels like a failure.
socalTECH
JUNE 27, 2016
Marina Del Rey-based, online healthy foods grover Thrive Market has raised $111M in a new, venture funding round, the company disclosed this morning. The new funding was led by Invus Group, and also included Greycroft Partners, E-Ventures and Crosscut Ventures. Thrive Market, which is led by Nick Green and Gunnar Lovelace, recently passed up $100M in revenues, and has been seeing a huge expansion in its customer base.
Xconomy
JUNE 27, 2016
A new wave of drugs has changed the way hepatitis C is treated. Regulus Therapeutics has not been part of that wave, but the company’s plans to join it took a big hit this afternoon. La Jolla, CA-based Regulus (NASDAQ: RGLS ) said that the FDA has suspended the clinical testing of its lead drug, RG-101, because of safety problems. Regulus reported that a second serious case of jaundice, or a yellowing of the skin and eyes, in a Phase 1 study of RG-101.
socalTECH
JUNE 27, 2016
Los Angles-based Music Reports , which provides music rights administration software, said it has begun offering up automated, filing of mechanical licenses with the United States Copyright Office. According to Music Reports, the service is aimed at on-demand music providers, who need clearance on music they'd like to stream. Music Reports said the service specifically comes from section 115 of the U.S.
Xconomy
JUNE 27, 2016
Editor’s note: Xconomy invited Marcelo Calbucci, a Seattle serial entrepreneur and startup stalwart who just announced plans to move with his family to London, to reflect on the Brexit vote. No, the skies are not falling. The U.K. vote to exit the European Union has passed, and there is an enormous amount of uncertainty right now to the British people, to the E.U., but also the rest of the world.
socalTECH
JUNE 27, 2016
Irvine-based HDTV maker Vizio said today that it has launched a new product line in Canada, the VIZIO SmartCast collection. According to VIZIO, the product line including several new lines of HD displays, including its P-Series, M-Series, and E-Series HD home theater displays, ranging from $1,299 for the 50" E-Series to $3,199 for the 70" M-Series. All of the new displays include Google Cast technology and the P- and M-series include their own, included tablet PC which serves as a remote control
socalTECH
JUNE 27, 2016
Pasadena-based debit card and online banking company Green Dot announced this morning that it has named William I. Jacobs as the company's new Chairman of its board of directors. The move is part of an agreement with an activist investor group to split up the Chairman and CEO roles at the company. Jacobs s the Chairman of the board of Global Payments, a payment processing firm, and has also served at The New Power Company, MasterCard International, and Financial Security Assurance, in addition t
socalTECH
JUNE 27, 2016
Topanga-based BoutiqueHomes , a vacation rental site aimed at letting travelers rent unique, "architectural gems" from around the world, says it has launched a new site and hired Michael Bolger as head of its Business Development efforts. Bolger was the founder of vacation rental site hovelstay.com. BoutiqueHomes features architecturally unique homes across the world, which you'd expect to see in Dwell or other architectural magazines rather than as vacation rentals.
socalTECH
JUNE 27, 2016
Los Angeles-based Dun & Bradstreet said today that it is making its business credit reports available at no cost, as a result of the big Brexit vote in Britain to exit the European Union. D&B's online business credit business--which is run out of Malibu by technology veteran Jeff Stibel said it will give free access to up to $5,000 in business credit reports in the U.S., Canada, and the U.K., to help them assess the creditworthiness of their business partners.
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