Wed.Jun 19, 2019

5 Key Attributes That Foretell New Venture Survival

Startup Professionals Musings

Every startup wants to be a predictable success, yet so few ever achieve this enviable position. In reality, getting there is not a random walk, and requires an understanding of the stages that every business must navigate and the organizational characteristics necessary at each stage.

Silicon Beach Report June 19: Overdraft Protection App Developer Raises $110 Million

L.A. Business Journal

Greycroft backs Enboarder again; Happy Returns selects new chief revenue officer; Dave Inc. raises $110 million

TenOneTen Ventures Backs Probably Genetic

socalTECH

Los Angeles-based venture investor TenOneTen Ventures is one of the investors in a newly launched startup, which is looking to use artificial intelligence and DNA testing to identify autism and other medical conditions. According to Probably Genetic , it has raised a round of venture capital funding from Khosla Ventures, TenOneTen Ventures, the Oxford Angel FUnd, as well as angels. The startup recently graduated from Y Combinator, and is based in the Bay Area.

Greycroft Leads $8 Million Enboarder Series A

L.A. Business Journal

Downtown headquartered venture capital firm Greycroft Partners led a $8 million Series A round for Austin, Texas-based human resources software developer Enboarder Inc

Happy Returns Names Chief Revenue Officer

socalTECH

Santa Monica-based return and logistics startup Happy Returns announced on Wednesday morning that it has named a new Chief Revenue Officer. The company--which offers up handling of returns and return logistics for retailers, including both in-store and behind-the-scenes services--said that it has named Glenn McMahon as its Chief Revenue Officer, heading up its sales, account management, and business development teams. McMahon previously served as CEO of St.

Dave Inc. Raises $110 Million, Launches Banking Business

L.A. Business Journal

Santa Monica-based Dave Inc., developers of a financial management mobile app designed to prevent bank overdrafts, announced June 19 a $110 million debt funding raise

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Preccelerator Class 11 Demo Day

SoCal Tech Calendar

Tuesday, June 25, 2019 --.

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Swappa Targets OC With Local Marketplace

socalTECH

Swappa , the operator of a local marketplace for buying and selling used consumer electronics, said this week that it has launched itself into Orange County, in a part of a national expansion. Swappa said that Orange County is one of five initial launch markets it is expanding into to improve the experience of buying and selling used electronic devices.

Element Biosciences Lands $15M to Develop New Genetic Analysis Tools

Xconomy

Most of the genetic analysis done today is performed on machines made by Illumina, the DNA sequencing giant. Now a former director from the company is leading a startup that has raised $15 million to develop new genome sequencing tools.

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Allied Esports Gets Backing From TV Azteca

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Irvine-based Allied Esports , an e-sports league operator, has scored backing from Mexican sports television network TV Azteca , the companies said Wednesday morning. According to the companies, TV Azteca, which is part of Grupo Salinas, will purchase $5M of shares of Allied Esports via an equity investment in Black Ridge Acquisition Corp.

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Oncolytics Bio Tacks On Cancer Combo Study with Merck KGaA, Pfizer

Xconomy

There’s a speed dating game of sorts happening as pharmaceutical companies that have approved cancer immunotherapies are testing their medications in combination with experimental drugs in hopes of reaching more patients.

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Clearlake Capital Buys Dude Solutions

socalTECH

Santa Monica-based private equity investor Clearlake Capital Group has acquired Dude Solutions , a developer of operations management software, which was based in Cary, North Carolina. Financial details of the acquisition were not annoucned. Clearlake Capital acquired Dude Solutions from another private equity firm, Warburg Pincus.

ZeaKal Finds $10M For Plant Genetics

socalTECH

San Diego-based ZeaKal >, a startup developing plant genetics technology to increase photosynthesis, improve plant yield and enhance nutritional profiles for a variety of agricultural crops, has raised $10M in a funding round, which came from investor Canopy Rivers. According to Canopy Rivers, which announced the investment, it now owns approximately 8.7 percent of ZeaKal. As part of the funding, it will take an observer seat on ZeaKal's board of directors.

Coding Our Future LA Sends 200 South LA Students To Tech Camps

socalTECH

A new, philanthropic education effort-- Coding Our Future LA --announced on Tuesday that it is sending 200, South LA students to summertime "tech camps", as part of a philanthropic and educational effort to increase opportunities for underserved youth in the technology space.

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BigRentz To Provide $10,000 In Scholarships To Trade Schools Students

socalTECH

Irvine-based online equipment rental marketplace BigRentz announced this morning that it has launched a $10,000 scholarship effort, where it will provide two students with $5,000 scholarships to cover educational expenses towards attending a vocational trade school. According to BigRentz, the new scholarship is available to high school seniors planning on vocational training and students currently enrolled in a trade school.

How ProGuides Is Helping Gamers Master Their Game, With Sam Wang

socalTECH

If you're an avid video game player, how to you improve your game? Once you've exhausted looking online for tips, Los Angeles-based ProGuides (www.proguides.com) offers up professional, instructional content to help you improve your skills at such popular titles as League of Legends, Hearthstone, and Fortnite. We spoke with ProGuides founder Sam Wang to better understand what the company does, and why users are joining its service and using its marketplace to find professional video game coaches.

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