Thu.Jun 10, 2021

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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

Just over three months after its last funding round, European fintech giant Klarna is announcing today that it has raised another $639 million at a staggering post-money valuation of $45.6 billion. Rumors swirled in recent weeks that Klarna had raised more money at a valuation north of $40 billion. But the Swedish buy now, pay later behemoth and upstart bank declined to comment until now.

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Hit the hardest issues first!

Berkonomics

Reorder your priorities for maximum impact. There are two reasons to consider reordering your priorities to attack your most critical issues first, before the easiest ones to knock off the list. First, you are fresher at the start of a day, and your best efforts should come when you are best prepared to address these issues. Remember how easy it is to put off those final decisions at the end of a tiring and long day?

Examples 156
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Former BMW, Faraday Future, Canoo Exec Heads To Apple

socalTECH

Ulrich Kranz, the Los Angeles area auto executive who has served at BMW, Faraday Future, and Canoo, has joined Apple to head up its automotive team, according to Bloomberg. Kranz was at BMW for 30 years, and headed up the team behind the BMW i3 electric vehicle. Kranz then became Chief Technical Officer (CTO) at Faraday Future, before it ran into financial issues, and then went on to co-found another Los Angeles EV maker, Canoo.

Startup 113
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Viterbi Startup Garage: Oceanside Chat: Thriving in Midst of Startup Uncertainty. Christopher Yang

SoCal Tech Calendar

Wednesday, June 16, 2021 --.

Startup 100
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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.

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Mythical Games Lands $75M For NFT Games

socalTECH

Los Angeles-based Mythical Games said this week that it has raised $75M for its NFT gaming startup efforts. The startup--which says its founders are from Activision, Oculus, EA and Zynga, plus Stubhub and Charles Schwab--said the funding was led by WestCap. The round also included 01 Advisors and Gary Vaynerchuk's VaynerFund, along with Galaxy Digital, Javelin Venture Partners, Alumni Ventures, and Struck Capital.

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DigiMarCon West 2021 - Digital Marketing, Media and Advertising Conference and Exhibition

SoCal Tech Calendar

Wednesday, June 16, 2021 --.

More Trending

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Sempra Energy Links With NREL On Net-Zero Energy Systems

socalTECH

San Diego-based electricity and energy provider Sempra Energy announced this morning that it is in a Memorandum of Understanding (MOU) with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL). Financial details of the deal were not announced, however, Sempra Energy said the two will continue current work researching and developing "innovative solutions" to help shape a lower-carbon future.

.Net 113
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Trousdale Ventures Seeds Preamble's AI Tools

socalTECH

Los Angeles-based venture investor Trousdale Ventures announced this morning that it has made an investment in Preamble, a startup offering up "ethical artificial intelligence" moderation to social networks. Size of the seed funding round was not announced. Trousdale said that the seed funding will go to further develop Preamble's platform, as well as for collaboration with non-profits.

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K1 Investment Management Backs ComplySci With $120M

socalTECH

Los Angeles-basd private equity investor K1 Investment Management has made a $120M investment in New York- and London-based >ComplySci, the two companies said this morning. ComplySci is a developer of regulatory and compliance software for the financial services sector. According to ComplySci, it will use the new funding to support new and enhanced solutions for its customers.

Invest 113
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Onchilles Pharma Finds $7M For Cancer Drugs

socalTECH

San Diego-based Onchilles Pharma said this morning that it has raised $7M in a Series A funding round. The funding came from LYZZ Capital, and also included $500K from the University of Chicago's Startup Investment Fund. According to the company, it is working on an anti-cancer protein released by human neutrophils that activates cell death pathways specifically in cancer cells.

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