socalTECH
MAY 19, 2021
Los Angeles-based Digitl Brands Group, which owns a portfolio of what it calls "digital native" apparel brands, has closed a small, $10M initial public offering, the company said on Tuesday afternoon. The company says it sells its apparel through numerous brands on a both direct-to-consumer and wholesale basis. The company trades on the NADAQ as DBGI.
Startup Professionals Musings
MAY 19, 2021
Most successful entrepreneurs will tell you that their primary motivation is to “change the world” and to build something lasting, not to make a lot of money. But the conventional wisdom is that employees work for money, above all else. Yet my own experience, and a still relevant McKinsey survey , leads me to believe that non-cash motivators may be more effective in the long term than financial incentives.
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socalTECH
MAY 19, 2021
Santa Monica-based private equity investor Sole Source Capital said this week that one of its portfolio companies, Peak-Ryzex, has acquired Bar Code Direct, a value added reseller based in North Grafton, Massachusetts. Financial details of the transaction were not announced. Sole Source said the acquisition is the third, add-on acquisition it has made since acquiring Peak-Ryzex.
SoCal Tech Calendar
MAY 19, 2021
Tuesday, May 25, 2021 -- LA BEST - LA Bioscience Ecosystem Summit 2021. The Los Angeles Bioscience Ecosystem Summit 2021 (LABEST) is the premier showcase for bioscience innovation in Los Angeles County. This event is a collaboration with colleagues from across the county to present promising academic research, entrepreneurial faculty investigators, as well as local start- up companies.
Advertiser: Aggregage
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 19, 2021
San Diego-based National Resilience, a new manufacturing and technology company focused on making sure countries can manufacture their own vaccines and other threapeutics, says it has received $163.8M in a funding from the Government of Canada, to modernize and expand its Ontario, Canada biomanufacturing site. The company said the move is part of Canada's efforts to improve in pandemic preparedness.
socalTECH
MAY 19, 2021
Los Angeles-based VideoAmp, a developer of software used to manage advertising across linear TV, streaming and digital media, says it has raised $50M in a debt financing. The funding came from Capital IP. Terms of that debt were not announced, however, VideoAmp said the non-dilutive funding also gives it the ability to draw up to $25M more in further financing.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
MAY 19, 2021
Los Angeles-based ServiceTitan, which develops software used by home service providers and tradespeople to manage appointments and other aspects of their business, says it has opened up a new customer service office in Salt Lake City, Utah. According to the company, its first expansion to the Southwest is part of its effort to fuel "rapid growth" and its pursuit of strong technology talent.
socalTECH
MAY 19, 2021
Los Angeles-based VideoAmp, a developer of software used to manage advertising across linear TV, streaming and digital media, says it has raised $50M in a debt financing. The funding came from Capital IP. Terms of that debt were not announced, however, VideoAmp said the non-dilutive funding also gives it the ability to draw up to $25M more in further financing.
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