Thu.Sep 19, 2019

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Impossible Foods will debut in SoCal grocery stores on Friday as first step in phased national rollout

TechCrunch LA

Congratulations Southern California Gelsons store shoppers, you’re getting Impossible Foods on your grocery shelves. The meatless ground meat substitute will be appearing in stores across the Southern California as the first step in a phased nationwide rollout on Friday. With the step into groceries, Impossible Foods moves into direct competition with its bigger, publicly traded rival Beyond Meat, which is already selling its patties and sausages in major stores nationwide.

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PlayVS Raises $50 Million

L.A. Business Journal

Esports league organizer PlayVS announced Sept. 19 it raised a $50 million Series C to hire more staff and further its reach into amateur esports competitions.

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Most of your big problems start as small problems.

Berkonomics

Let’s talk about surprises. And whether to warn your superiors or your boards about these unraveling events early. You have a dashboard or KPI’s, don’t you? Every good executive has a set of critical data points that best alert him or her to the changes in the flow of business most important to note and in many cases to curb a negative trend early in the game.

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Hospitality Startup AvantStay Raises $20 Million

L.A. Business Journal

3L Capital led the Series A financing round, which AvantStay will use to advance its rental technologies and acquire more properties for clients to rent.

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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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Rivian Gets Massive Order of EV Trucks From Amazon

socalTECH

Rivian , the electric truck maker which has offices in Irvine, has received an order for 100,000 electric delivery trucks from Amazon , according to Amazon CEO Jeff Bezos on Thursday. Rivian--which is based in Michigan, but has development offices in Irvine--develops electric powered pickups and other trucks. Rivian had raised $700M from Amazon earlier in the year.

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Kitchen United Raises $40 Million Series B

L.A. Business Journal

Pasadena-based Kitchen United, which operates remote kitchen facilities for restaurants, finalized a $40 million Series B raise Sept. 19.

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Eying “Extra” DNA As Cancer Driver, Boundless Bio Debuts With $46M

Xconomy

In the nucleus of human cells sit our chromosomes, comprised mainly of tightly wound DNA. In some cells, however, some pieces of genetic material that exist within the nucleus are not attached to a chromosome—and a new company, Boundless Bio, believes these “extra” pieces of DNA play a key role in driving some especially aggressive solid-tumor cancers.

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Boundless Bio Gets $46M For Treating Aggressive Cancers

socalTECH

San Diego-based Boundless Bio , a startup that is developing treatments for aggressive cancers, has raised $46.4M in a Series A funding round. The funding was co-led by ARCH Venture Partners and City Hill Ventures, and also included Vertex Ventures, GT Healthcare Capital Partners, Boxer Capital of the Tavistock Group, Alexandria Venture Investments, and other undisclosed investors.

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Pelosi, Dems Unveil Price Plan: Are 25 Drugs Enough for Negotiation?

Xconomy

With the 2020 election just over a year away, House Speaker Nancy Pelosi (D-CA) has unveiled the Democratic Party’s answer to public discontent over high prescription drug prices. A preview of the plan was leaked last week. Today’s announcement doesn’t stray far. The new plan would have the U.S. Department of Health and Human Services (HHS), which is in charge of the government insurance programs Medicare and Medicaid, negotiate the price of “the bare minimum” of 25

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Centerfield Launches New Product For Customer Acquisition

socalTECH

Los Angeles-based Centerfield , a company which provides marketing and customer acquisition to the residential services, business services, and telecommunications markets, says it has launched a new product, called Insights by Scout. According to the company, the new product provides customer intelligence, and is part of its Dugout platform to automate customer acquisition for its customers.

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Impossible Burgers Roll Out To Grocery Stores In Southern California

socalTECH

Impossible Foods , one of the makers of plant-based burgers, will make its plant burgers available for the first time in grocery stores, in Southern California, the company said on Thursday morning. According to Impossible Foods, its plant-based burgers will be available at Gelsons markets on Friday, September 20th. The plant-based burger company says it eventually expects to roll out the burgers to other grocery store chains in California, and elsewhere in the nation.

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8minute Solar Energy Names VP

socalTECH

Los Angeles-based utility-scale solar power developer 8minute Solar Energy said this morning that it has named a new VP at the company. According to the company, it has named Sean Kiernan as Senior Vice President of Development. Kiernan previously served at such companies as ReNew Power, InterGen, Fotowatio Renewable Ventures, SunEdison, and Engie Storage, and has more than 20 years of experience in the industry. 8minute Solar Energy says it now has a portfolio of more than 15 GW of solar and st