Wed.Sep 02, 2020

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Aqua Medical Gets $8.2M

socalTECH

Santa Ana-based Aqua Medical , a developer of vapor-based ablation system to treat precancerous conditions and metabolic disease such as type 2 diabetes in the gastrointestinal (GI) tract, said on Tuesday that it has raised a final $8.2M in an equity investment tranche. The Series A-3 funding was led by ShangBay Capital, and also included Ithaka Partners LLC and ForMED Ventures.

Equity 124
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6 Motivations Shared By Most Satisfied Entrepreneurs

Startup Professionals Musings

Out of curiosity, I often ask aspiring entrepreneurs like you, who come to me for help, what drives them to take on the workload and risk of a new startup. The most common answers I get are that they are driven by the opportunity to be their own boss, make a lot of money , and maybe fulfill a long held lifetime dream to do something they really enjoy, rather than just a more mundane job.

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PeaTos Gets $7M For Healthy Snacks

socalTECH

Los Angeles-based PeaTos , a food startup which is developing healthy snacks, has raised $7M in a Series A funding round, the company said this week. The startup is led by Nick Desai, formerly chairman and CEO of Snack It Forward, and who had a stint in private equity at Shackleton Equity Partners, FocalPoint Partners, and KPMG. According to PeaTos, the Series A funding was led by Jackson Springs Management Partners (JSMP) and Connetic Ventures, and also included angels such as Tracy McGrady (ba

Equity 113
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Lumen Bioscience Lands $16M to Engineer “Edible” Antibody Drugs

Xconomy

If Lumen Bioscience achieves its goals, patients will be able to take its drugs the same way some people supplement breakfast: a spoonful heaped onto a bowl of cereal or mixed into juice. The startup harnesses spirulina, protein-rich cyanobacteria touted by many health enthusiasts as a “superfood.” Lumen CEO Brian Finrow (pictured above, right) acknowledges spirulina’s health benefits, but that’s not why his company embraces it.

Research 120
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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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YouMail Acquires PhoneTag

socalTECH

Irvine-based YouMail has acquired PhoneTag , a direct-to-consumer voicemail service, the company announced on Tuesday. Financial details of the deal were not announced. PhoneTag was founded in 2003, and offers up voicemail transcription services directly to consumers. According to YouMail, it now has PhoneTag's service running on its own platform. YouMail CEO Alex Quilici said in a statement that the acquisition might not be the last, saying "We are actively exploring similar acquisitions where

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Quest Acquires Binary Tree

socalTECH

Aliso Viejo-based Quest Software , which develops systems management and security software, said early this morning that it has acquired Binary Tree , a developer of Microsoft migration tools. Financial details of the acquisition were not announced. According to Quest, the move will help strengthen its position in the Microsoft modernization market.

Startup 100