socalTECH
JULY 30, 2018
Los Angeles-based Two Bit Circus , the startup which combines entertainment with education and immersive technology, said it has received a strategic round of funding, which it will use it will open up its very first "micro-amusement park" this fall in downtown Los Angeles. The new strategic funding came from CJ CGV , a South Korean entertainment and theatrical company.
L.A. Business Journal
JULY 30, 2018
Two-Bit Circus comes to town to open Arts District game space; Pepperdine teams up with 2U; SRAXmd sold
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socalTECH
JULY 30, 2018
Los Angeles-based digital marketing company Social Reality (SRAX) announced this morning that it is selling its healthcare and pharmaceutical digital advertising product line, SRAXmd, to private equity firm Halyard Capital. According to SRAX, it will receive up to $52.5M for SRAXmd, including $33.5M in cash, $10M in Class A membership units of newly formed entity Halyard MD, and up to $9M in earnout.
Xconomy
JULY 30, 2018
Orexigen Therapeutics went bankrupt trying to turn its weight loss pill, Contrave, into a commercial success. Now Pernix Therapeutics will try its luck. Pernix (NASDAQ: PTX ) said Monday that a business entity it helped create, Nalpropion Pharmaceuticals, has closed a deal for Contrave. Morristown, NJ-based Pernix formed Nalpropion to bid on Contrave, which Orexigen auctioned off in its bankruptcy case.
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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.
socalTECH
JULY 30, 2018
Galvanize , a company which operates a network of locations teaching software engineering skills--and which often serve as hubs of startup activity nationwide, offering up coworking for technology startups, events, and more--is planning to expand its efforts in Los Angeles, after raising $32M and buying another "coding bootcamp" operator, Hack Reactor.
Startup Professionals Musings
JULY 30, 2018
Having satisfied customers is no longer enough to keep you ahead of competitors. The bar has been raised to having “delighted” customers. Customer delight is defined as surprising the customer by exceeding his or her expectations, thus creating a positive emotional reaction. This emotional reaction leads to word of mouth and social media, resulting in many new customers.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
JULY 30, 2018
Los Angeles-based AwesomenessTV , which develops digital media for the youth market, has been sold to Viacom, in a deal reportedly worth less than $300M. Viacom acquired AwesomenessTV from Comcast, Verizon, and Hearst. Comcast/NBC Universal had owned 51 percent of the company, which Verizon and Hearst evenly splitting the remaining 49 percent of ownership.
socalTECH
JULY 30, 2018
Malibu-based Pepperdine University Graziadio Business School and online education provider 2U , which has one of its major offices in Los Angeles, said last week that the two companies are in a expanded partnership. According to the two, 2U will power Pepperdine's existing online MBA degree, starting in January of 2020. Financial details of the deal were not announced.
socalTECH
JULY 30, 2018
Cool Planet , which is developing agricultural technology centered around "biochar", which is used to boost the fertility of soil while also sequestering carbon, has raised $20.3M in a new investment round. The company, which has an office in Camarillo, said the funding was led by Agustn Coppel and North Bridge Venture Partners, its two largest existing investors.
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