Wed.Dec 13, 2017

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Men Say …

Both Sides of the Table

Men use similar tropes on why #MeToo may go too far. It’s time to break these down. It’s time for more men to start saying, “enough is enough,” “I believe her,” and “I will step out of my comfort zone and speak up so that others feel empowered to follow me.” Men will make mistakes. But mistakes are much better than silence. Mistakes are better than condoning misconduct, harassment, bias or abuse.

Startup 195
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Fair Links With Assurant For Vehicle Insurance

socalTECH

Santa Monica-based Fair , the new startup led by former TrueCar founder and CEO Scott Painter, said today that it has tied with auto insurance provider Assurant as its primary insurance partner. Fair--which offers up an app which lets users gain access to a car with no long term commitments and no physical paperwork--said that Assurant is now the primary underwriter for the Fair-branded property and casualty insurance offered for all vehicles available on the app.

Truecar 157
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Silicon Beach Dec. 13: Online Bank Aspiration Raises $47 Million

L.A. Business Journal

Online bank Aspiration raises $47 million; Dreamscape Immersive partners with Nickelodeon for virtual reality project; and Sophia Amoruso’s digital media firm Girlboss raises another $2 million.

Media 100
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Aspiration Gets $47M For Online Banking Efforts

socalTECH

Los Angeles-based Aspiration , and online banking startup which calls itself "the financial firm with a conscience", said on Tuesday that it has raised $47M in a Series B funding round. The funding lase led by Social Impact Finance, and also included Allen and Company, Omidyar Network, Alpha Edison, AGO Partners, Reyl & Cie, and Capricorn Investments, plus actor Orlando Bloom, Los Angeles Clippers coach "Doc" Rivers, former Citigroup Chief Operations and Technology Officer Deborah Hopkins, B

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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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VentureWell to Fund UMaine Student-Led Biotech Startup

Tech.Co

VentureWell, a Massachusetts-based nonprofit that supports science and technology entrepreneurs, has selected a medical simulation startup founded by University of Maine students to receive funding and training. The company, Zephyrus Simulation LLC, was spun off from a product developed by a group of bioengineering students at UMaine. The product began as a $500 prototype of a mannequin with a diaphragm that mimics natural breathing patterns, as well as hyperventilation and obstructed breathing

Startup 70
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Syndio Solutions Scores $650K Seed Funding

socalTECH

Los Angeles-based Syndio Solutions , a developer of web-based software to help companies ensure compliance with state and federal equal pay for equal work laws, has raised $650,000 in its seed funding round, according to the company. The funding was led by Frontier Ventures. According to Syndio Solutions, Robert Perille of Frontier Ventures joins the company's board with the funding.

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Clearlake Capital Group Recaps Knight Energy Holdings

socalTECH

Santa Monica-based private equity investor Clearlake Capital announced this morning that it has led a recapitaliation of Knight Energy Holdings , a provider of oilfield rental tool services for the oil and natural gas industry. Financial details of the recapitalization were not announced. Knight Energy Holdings was in Chapter 11 bankruptcy. Clearlake and Knight said the recap resulted in the reduction of more than $175 million in the Company�s total debt balance.

Capital 113
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Gene Therapy Advances, But Hemophilia is no Easy Target

Xconomy

Mark Skinner, the former longtime president of the World Federation of Hemophilia, has had the blood disease on his mind his entire life. He doesn’t have a choice. Skinner, 57, was born with a severe form of hemophilia A, meaning he has a tiny fraction of the necessary cellular machinery to clot blood. His disease dictates what he can or can’t do every day.

Course 57
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EDF Renewable Services Wins Maintenance Deal In Chile

socalTECH

San Diego-based EDF Renewable Services , which provides third party operations and maintenance services for the renewable energy industry, reports that it has been selected to provide its services to a solar plant in Chile. According to EDF Renewable Services, it will provide operations and maintenance at the 146 megawatt Bolero Solar Plant, located in the Atacama Desert in Antofagasta.

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SpaceX Pushes CRS-13 Launch To ISS Until Friday

socalTECH

Hawthorne-based SpaceX said late Tuesday evening that it is now pushing its launch of its next mission to the International Space Station until Friday, December 15th, after detection of particles in the 2nd stage fuel system for the Falcon 9. SpaceX had originally hoped to launch its payload for NASA on Tuesday morning. According to SpaceX, it is using the additional time for its team to conduct full inspections and cleanings due to that detection.

SpaceX 113
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March Capital Backs Video Game Developer nWay

socalTECH

Los Angeles-based venture capital investor March Capital Partners is one of the lead investors in a round for mobile video game developer nWay , which announced a $11M funding on Wednesday. According to nWay, the funding, which was facilitated by Lionsgate, was led by both March Capital Partners and Ridge Ventures, and also included Baseline Ventures (Steve Anderson), TransLink Capital (Jay Eum) and WI Harper Group (Jeffrey Chu).

Capital 100