Mon.Mar 01, 2021

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Boingo Wireless Acquired for $854 Million

L.A. Business Journal

Internet provider Boingo Wireless Inc. is set to be acquired by an affiliate of investment firm Digital Colony Management in a deal valued at $854 million.

Invest 246
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How To Know It’s Time To Exit Your Company Gracefully

Startup Professionals Musings

For most entrepreneurs, their current business is not where they intend to stay until they die. At the right time, they all intend to make a graceful exit, and leave while still perceived to be on top of their game. The challenge is how to know and exit gracefully when the right time has come, without trauma to either the company or themselves. I don’t have any solid insight on this subject, so I was intrigued by the classic book “ Leaving on Top: Graceful Exits for Leaders ,” by David Heenan, a

Company 164
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Dispo Gets $20 Million for Trendy Photo App

L.A. Business Journal

Dispo Inc., the company behind one of the hottest apps of the new year, has reportedly raised $20 million in new funding at a hefty $200 million valuation.

Report 130
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Red 6 Snags $7M For Augmented Reality Air Combat Systems

socalTECH

Santa Monica-based Red 6, which is developing augmented reality air combat training systems, announced this morning that it has raised $7M in a funding round. The company said the funding was raised via a financial arrangement called a SAFE (Simple Agreement for Future Equity). The new funding was led by Red Cell, Snowpoint Ventures, and Octave, and also included Moonshots Capital, Irongate, TR Aeroventures, and Marlinspike.

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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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Emotive Raises $50 Million for Text Messaging Campaigns

L.A. Business Journal

Sawtelle-based text messaging software platform 317 Labs Inc., which does business as Emotive, has raised $50 million in series B funding.

Platform 130
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DTx Pharma Finds $100M

socalTECH

San Diego-based DTx Pharma, a biotech startup which is developing RNA-based therapeutics to treat diseases, says it has raised $100M in its Series B funding round. The funding was led by RA Capital Management and also included new investors Access Biotechnology, Surveyor Capital (a Citadel company), Cormorant Asset Management, Janus Henderson Investors, and Logos Capital, along with existing investors Friedman Bioventure Fund, Eli Lilly and Company, Viva BioInnovator (Viva Biotech Holdings, 1873

San Diego 113

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Artiva Biotherapeutics Finds $120M In Series B

socalTECH

San Diego-based biopharmaceuticals company Artiva Biotherapeutics has raised a big, $120M funding round, in its Series B funding, according to the company. The funding was led by Venrock Healthcare Capital Partners, and also included Acuta Capital Partners, Cormorant Asset Management, EcoR1 Capital, Franklin Templeton, Janus Henderson Investors, Logos Capital, RTW Investments, LP, Surveyor Capital (a Citadel Company), Wellington Management Company, and an undisclosed leading global investment fi

San Diego 113
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Rocket Lab Plans IPO Via SPAC

socalTECH

Long Beach-based rocket developer Rocket Lab is joining the very long list of local technology companies, which is heading towards the public market through a merger with a Special Purpose Acquisition Company (SPAC). Rocket Lab said today that it plans to merge with Vector Acquisition Corproation, becoming a publicly traded company which will trade on the Nasdaq as RKLB.