Thu.May 21, 2020

Aspiration, the LA-based fintech focused on conscious consumerism, raises $135 million

TechCrunch LA

When former Bill Clinton speechwriter and political wunderkind Andrei Cherny launched Aspiration four years ago , the upstart fintech startup was one of Los Angeles’ early entrants into a financial services market dominated by players from Europe and the financial capital of the U.S.

Let’s talk about whistle-blowers

Berkonomics

Assuming that a corporate whistle-blower is not tooting about you individually, such a class of people have been granted protections under the law and serve a function that needs to be acknowledged. Motive of the whistle-blower.

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Saalex Acquires Arctic MSP

socalTECH

Camarillo-based Saalex Information Technology (SaalexIT), a provider of managed services, says it has acquired Eugene, Oregon-based Arctic MSP. Financial terms of the acquisition were not announced. Saalex said the deal will expand its footprint in its western region. SaalexIT said it also recently acquired Scottsdale, Arizona-based Valeo Networks.

CARES Act w/Moss Adams

SoCal Tech Calendar

Wednesday, May 27, 2020 -- CARES Act w/Moss Adams. CONNECT. Get key information regarding the Coronavirus Aid, Relief, and Economic Security (CARES) Act in this Webinar presented by Moss Adams Partner in Charge, Gerardo Godinez and Tax Senior Manager, Desiree Klassen. See [link].

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Section 32 Names New Execs

socalTECH

San Diego-based venture capital fund Sectoin 32 says it has made a number of key appointments, as it expands its human resources, staffing, and communications efforts. According to Section 32, it has named Sarah Larson as Chief People Officer; Alice Cheung as Head of Talent; Kenzo Fong Hing as Advisor; Claire Stapleton as Writer in Residence; Kimberly Shih as Talent Specialist; and Anna Bullard as Executive Assistant.

The Mindset of an Investor Today: A Webinar Series with Arlan Hamilton

SoCal Tech Calendar

Wednesday, May 27, 2020 -- The Mindset of an Investor Today: A Webinar Series with Arlan Hamilton, Founder and Managing Partner, Backstage Capital. Join Peter Cowen (Managing Director, Sutton Capital Partners) as we explore what investors are looking for in the current climate. Presented by Sutton Capital Partners and the Recurring Revenue Conference. See [link] (more

Aspiration Draws $135M More In Funding

socalTECH

Los Angeles-based Aspiration , which offers up financial services, no-fee checking accounts, and a debit card focused on socially conscious spending, has raised $135M in funding, the company said Thursday. The Series C funding came from Alpha Edison led, along with UBS O'Connor Capital Solutions, DNS Capital, Radicle Impact, Sutter Rock, Jeff Skoll, Joseph Sanberg, Social Impact Finance, the Pohlad Companies, and AGO Partners. The company says it has now raised $200M in total.

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K1 Investment Management Sells San Diego's FMG Suite

socalTECH

Los Angeles-based private equity investor K1 Investment Management said this morning that it has entered into an agreement to sell San Diego-based FMG Suite to another private equity ivnestor, Aurora Capital Partners. Financial terms of the deal were not announced. FMG Suite is a developer of cloud-based marketing automation software specifically for financial services professionals and advisors.

Virgin Orbit Plans Demonstration Mission This Weekend

socalTECH

Long Beach-based Virgin Orbit is planning a demonstration launch of its small satellite delivery vehicle this weekend, saying it is hoping to launch a satellite into space on Sunday, May 24th at 10 AM PT. The launch--which will be made from the Mojave Air and Space Port is intended to put the LauncherOne rocket into space, launched from Virgin Orbit's modified 747 launch platform.