socalTECH
MAY 22, 2018
Los Angeles-based Heal , which operates a service that schedules in-home house calls from doctors via an app or its website, has raised $20M in a new funding round, the company announced this morning. The funding came from Bascom Ventures, Inflection Capital, IRA Capital, RLJ Equity Partners, Trans-Pacific Technology Fund, and others, in addition to existing investors Fidelity Contrafund, Jim Breyer, Lionel Richie, and Dr.
L.A. Business Journal
MAY 22, 2018
Culver City-based office security tech firm Openpath launched May 22, helped by a $7 million funding round and helped by local funds.
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socalTECH
MAY 22, 2018
Hawthorne-based SpaceX is getting set to launch another set of satellites into space for Iridium, as well as a mission for NASA. The launch--scheduled for a little over 10 minutes, at 12:47 pm PDT--will use the same Falcon 9 as used by the Zuma mission. SpaceX said in pre-launch broadcast that it will attempt to again catch the fairing off the rocket, but will not attempt to recover the Falcon 9's first stage.
L.A. Business Journal
MAY 22, 2018
Upfront, Pritzker Among OpenPath Backers; SpaceX Launch (Mostly) a Success; and Santa Monica’s Halogen Part of TheSkimm’s $12 Million Raise
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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.
socalTECH
MAY 22, 2018
Nanit , a startup developing connected baby sleep monitors, has raised a $6.6M funding round, led by Los Angeles-based Upfront Ventures. Nanit--which is based in Israel and New York--said the funding also included RRE Ventures, 645 Ventures, Jacobs Technion-Cornell Institute, Flextronics, and Jerry Yang's AME Cloud Ventures. Nanit says it team comes from Applied Materials, Diapers.com, Philips, Time Warner and Tiny Love.
Tech.Co
MAY 22, 2018
When it comes to pitching investors, rejection is a lot more common than success. Truth be told, your only path to some serious funding is perseverance and diligence in getting meetings and being prepared. But with the right pitch tactics, you could turn those that pesky “no” into glorious “yes.” “[Founders underestimate] how difficult it is to get a deal done, and how few deals get funded out of how many deals that are pitched,” said Thomas Flake , Founder and Chief Mark
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Xconomy
MAY 22, 2018
Grail, the Illumina (NASDAQ: ILMN ) spinout that merged last year with China’s Cirina , has raised an additional $300 million to advance its ambitious quest to develop a blood test sensitive enough to detect cancer. The Hong Kong-based Ally Bridge Group led the Series C financing round, which brings total funding for Grail to more than $1.5 billion since early 2016, according to a statement Monday.
socalTECH
MAY 22, 2018
Those stepping outside for lunch today might just see a rocket up in the sky--if the latest, SpaceX launch from Vandenberg Air Force Base goes off as planned. SpaceX is planning to launch another series of satellites for Iridium today, May 22nd, at 12:57:58pm, plus a payload for NASA. SpaceX's lauch of five satellites for Iridium's communications network and the NASA Gravity Recovery and Climate Experiment Follow-On (GRACE-FO) should be slightly visible from Southern California, if the marine la
Xconomy
MAY 22, 2018
After postponing a May 7 shareholder vote in a power struggle for control of San Diego’s Arcturus Therapeutics (NASDAQ: ARCT ), the company’s board of directors has set a new date for its showdown with ousted CEO Joseph Payne. In a statement Monday, Arcturus said it has rescheduled its special shareholder meeting for 10 a.m. on June 25 at the San Diego office of the Cooley law firm, its corporate counsel in the U.S.
socalTECH
MAY 22, 2018
Santa Monica-based Halogen Ventures , the female-focused venture capital fund run by Jesse Draper, has made an investment in email newsletter and millennial women's news source TheSkimm. The new Series C funding came from Willow Bay, dean of the USC Annenberg School; Jesse Draper of Halogen Ventures; Shonda Rhimes (GingerBread Capital); Linnea Roberts (ELY Capital); Hope Taitz; Goldman Sachs Group, and Michael Karsch (Juice Press).
socalTECH
MAY 22, 2018
San Diego-based Tear Film Innovations , a developer of medical devices to help clear blocked tear glands, has raised $8.5M in a Series B funding. The funding was led by Visionary Ventures Fund and Bluestem Capital. Tear Film Innovations is led by CEO Rob Thornhill. The company's system--which received 510k clearance in December--provides therapy to treat blocked meibomiam glands, the cause of "dry eye".
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