Tue.Aug 01, 2017

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Greycroft Partner Launches Investment Fund Targeting Video Games, Virtual and Augmented Reality.

L.A. Business Journal

Jon Goldman, a venture partner at downtown’s Greycroft Ventures, has closed $15.6 million in investment commitments for a new fund looking to back companies in the virtual reality, augmented reality and e-sports industries.

Invest 157
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NantHealth Gets Contract Extension

socalTECH

Culver City-based NantHealth , the provider of personalized medicine technology led by Dr. Patrick Soon-Shiong, said today that it has received a three-year contract extension with Blue Cross and Blue Shield of Nebraska (BCBSNE). Financial details of the contract extension were not announced. BCBSNE has been a client of NantHealth since 2010, and is using its NaviNet Open Document Exchange product.

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Silicon Beach Report Aug. 1: Snap Inc. Excluded from S&P 500 Due to Non-Voting Shares

L.A. Business Journal

Snap Inc. excluded from S&P 500 due to non-voting shares, vitamin startup Ritual raises $10.5 million, Virgin Orbit readies for Boeing 747 'Cosmic Girl' flight test, and Greycroft Partner launches investment fund targeting video games, virtual and augmented reality.

Report 100
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Elon Musk: Just 100 Miles x 100 Miles Of Solar Panels Would Power US

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Wondering how much solar panel would allow the United States to raise all of the energy it needs, without fossil fuels? Elon Musk says only a 100 mile by 100 mile corner of the nation--supported by a 1 mile by 1 mile battery bank--could power all of the power needs for all of the nation. In a speech to the National Governors Association in July, Musk described exactly how the U.S. might move to 100 percent solar power , among other topics.

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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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7 Crowdfunding Rules That Can Boost Your Campaign

Tech.Co

Once a novelty act reserved for indie band albums and curious art projects, crowdfunding is starting to play a major role in the world of startups and new products. The appeal is obvious: crowdfunding lets creators and entrepreneurs raise money directly from their community and potential customers, and unlike the traditional approach of funding through VCs and investors, crowdfunding money is truly no strings attached.

Startup 93
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Yardi Wins Property Management Firm

socalTECH

Santa Barbara-based property management software developer Yardi said on Monday that it has signed up a new customer, commercial property management firm Brookfield Properties, as a customer. Size ofthe customer win was not announced. Brookfield manages more than 250 properties, encompassing 130 million square feet across the US. READ MORE>>.

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SUNRx Buys eAudit Solutions

socalTECH

San Diego-based SUNRx , a provider of contract pharmacy administration services, said this morning that it has acquired eAudit Solutions , a provider of audit services for the 340B Drug Discount Program. Financial terms of the buy were not disclosed. SUNRx said the acquisition will help create an end-to-end solution providing 340B contract pharmacy management to hospitals.

San Diego 113
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CyberTech Founder Andersen Named to Head Nxt Robotics Startup

Xconomy

Nxt Robotics , a San Diego startup developing robots for private security, has named San Diego CyberHive and CyberTech founder Darin Anderson as CEO. Jeff Debrosse, the San Diego cybersecurity expert who founded Nxt Robotics in 2014, will continue as CTO, according to a statement from the company. Andersen and Debrosse worked together a decade ago at Eset, while Andersen served as COO in the Slovakian anti-virus company’s San Diego headquarters and Debrosse was director of cyber threat analysis

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NextGen Healthcare Buys EagleDream Health

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Irvine-based NextGen Healthcare Information Systems , which is a subsidiary of Quality Systems, said today that it is acquiring EagleDream Health , a developer of cloud-based analytics software for the healthcare industry. According to NextGen, it will pay approximately $26M in cash for EagleDream Health. NextGen said EagleDream's cloud-based analytics software uses clinical, financial and administrative data to optimize practice performance.

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Pets Stress Less With In-Home Vet Care Vetted

Tech.Co

When it’s time to take my dog to the vet for routine check-ups and vaccinations, getting her in the car is the easy part. But once we pull up to the vet’s building, the panting begins, then there’s a bathroom stop in the grass, followed by treats to coax her inside. And while we’re waiting for the doctor, the tail-tucked 85-pound yellow lab turns into the largest lap dog that drools and whines.

Startup 38
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Counter Logic Gaming Acquired By Madison Square Garden

socalTECH

Arcadia-based eSports company Counter Logic Gaming has been acquired by Madison Square Garden Company , the two said on Monday. Financial terms of the acquisition were not announced. According to the companies, The Madison Square Garden Company acquired the controlling stake in Counter Logic Gaming, which was founded by George Georgallidis. Counter Logic Gaming organizes e-sports tournaments around such titles as League of Legends, Counter Strike: Global Offensive, Super Smash Bros.

Arcadia 113
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GC VR Gaming Tracker Fund Raises $15.6M For VR, AR, E-Sports Investments

socalTECH

It's been a record year for new venture funds in the Los Angeles area, and the growth in funds continued this morning, with the announcement of Los Angeles-based GC VR Gaming Tracker Fund LP , led by Greycroft Venture Partner Jon Goldman. Goldman announced on Tuesday morning that the fund will make investments in VR, AR, video games and e-sports, and has already made more than 20 investments.

Invest 113
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Vetted Finds $3.47M For In-Home, On-Demand Pet Care In LA

socalTECH

Venice, California-based Vetted , a new startup offering up on-demand, veterinary services at your home, has raised $3.47M in seed funding, the company disclosed this week. The funding came from Foundation Capital, Amplify LA, Sterling.VC, and ReImagined Ventures. The company--which is currently headquartered at Amplify LA--currently only offers up its services in Los Angeles.

Van Nuys 113