Tue.Sep 14, 2021

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Truepic Takes $26M For Photo Verification

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San Diego-based Truepic, a startup that provides photo verification technology, said today that it has raised $26M in a Series B funding round. The funding was led by M12, and also included Adobe, Sony Innovation Fund by IGV1, Heart Ventures, and individuals from Stone Point Capital. According to the company, the funds will go to secure its technology.

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i2020 Accelerator Launches Two Oncology Startups

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San Diego-based i2020 Acclerator, a startup accelerator company which is backed by Torrey Pines Investment, announced this morning that it has launched two new startups. The company said that it has launched Gwynant Therapeutics and Celyn Therapeutics, both of which will focus on oncology, bringing proprietary small molecule products to the clinic targeting cancer.

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symplr Acquires Halo Health

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Symplr, the enterprise healthcare software company owned by Santa Monica-based private equity investor Clearlake Capital Group, said this morning that it has agreed to acquire Halo Health, a provider of clinical communication and collaboration software. Financial details of the transaction were not announced. The deal was backed both by Clearlake and Charlesbank Capital Partners.

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SpaceX Plans First Billionaire Space Tourism Launch Today

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Hawthorne-based SpaceX is planning its first ever, all-civilian space launch today, saying it is targeting a five hour launch window opening at 8:02 p.m. EDT. The company said it the "Inspiration4" mission will launch aboard a SpaceX Falcon 9 rocket and Dragon spacecraft from Launch Complex 39A at NASA's Kennedy Space Center in Florida. The mission purports to be focused on the "study of the human body in space", but is one of a series of space tourism efforts by a number of companies.

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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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Retrospec Launches New E-Bike

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Los Angeles-based e-bike brand Retrospec said on Tuesday that it has launched a brand new product, the Valen Rev, a "moto-style" electric bike it says has a 50 mile range and is aimed at the "everyday rider". The company said the new e-bike costs $1799.99, and features a 48v motor, 6 levels of pedal assist, and a 50 mile range. Retrospec sells both e-bikes and more traditional bicycles, along with paddleboards, longboards and skateboards, and other active lifestyle products.

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Grow Credit Scores $106M In Equity, Debt For Consumer Credit

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Santa Monica-based fintech startup Grow Credit, which helps consumers build their credit score through payments for subscription services, said on Tuesday that it raised $106M in a combination of equity and debt. The funding included $6.3M in equity, and $100M in debt. According to the company, the equity portion of the funding included Mucker Capital and Commerce Ventures, plus angels Jason Gardner (Marqueta), Jason Robins (DraftKings), Baron Davis (NBA star), Will Kassoy (Omaze), Matt Higgins

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Bobacino, Backed By Wavemaker, Eyes Facial Recognition For Boba Machines

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A new, Santa Monica-based startup, Bobacino--which is backed by Wavemaker Partners, Wavemaker Labs, and Embark Ventures--said this morning that it is partnering with PopID, a developer of facial recognition payment technology, to offer up no-touch ways to pay for their boba. Financial details of the partnership were not announced. The two said the deal will offer up on-site contactless ordering and payment on Bobacino machines.