Fri.Mar 19, 2021

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Pledge Gets $3 Million for Video Fundraising Platform

L.A. Business Journal

Online fundraising startup Pledge announced that it had raised $3 million in new seed funding to finance the launch of a new virtual fundraising platform.

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Now approved in LA, Abodu’s backyard homes can now go from contract to completion in as little as 30 days

TechCrunch LA

Abodu , one of a slew of startup companies pitching backyard homes and office spaces to Californians in an effort to help address the state’s housing shortage, has instituted a new “Quickship” program that can take an order from contract to construction and installation in about 30 days. Behind the quick turnaround time is a pre-approval process that was first rolled out in Santa Fe and came to Los Angeles in recent weeks.

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8 Ways Your Values And Results Make A Trusted Leader

Startup Professionals Musings

As an angel investor in new startups, I’ve long believed that investors invest in people, not ideas. But the magic that makes one entrepreneur stand out over others is hard to quantify – yet we all recognize it when we see it. In my view, it starts with your communication of real personal values , and ends your focus on results. In fact, these same attributes also bound your leadership skills.

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New markets emerge for carbon accounting businesses as cities like LA push proposals

TechCrunch LA

Earlier this month, Los Angeles became the latest city to task its various departments with prepping a feasibility study for deploying new software and monitoring technologies to better account for its carbon footprint. LA’s city council initiative, led by Council member Paul Koretz, follows a push from the state legislature to mandate that all businesses operating in California that gross over $1billion annually disclose their greenhouse gas emissions and set science-based targets to redu

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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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Magnite Raises $400M In Convertible Note Offering

socalTECH

Los Angeles-based advertising technology developer Magnite--formerly known as Rubicon Project--said it raised $400M in a convertible note offering. The company said the 0.25% convertible senior notes due 2026 included the exercise of an option to purchase $50M of additional notes to its initial purchasers. Magnite had originally said it would raise $350M in the convertible note offering.

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Preccelerator Program Virtual Demo Day

SoCal Tech Calendar

Thursday, March 25, 2021 --.

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Citadel Defense Lands New Contracts

socalTECH

San Diego-based Citadel Defense says it has signed a number of international contracts, for its counter-drone systems. Details on the exact customers and financial impact of those contracts were not announced. The company said the wins came from Five Eyes (FVEY) customers, the intelligence alliance which includes Australia, Canada, New Zealand, the United Kingdom, and the United States.

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Red Cell Targets Healthcare, Defense Technology With Investment, Incubation

socalTECH

Red Cell Partners, a newly formed investment and incubation company targeting healthcare and defense technology, announced it has launched the firm out of Washington and Los Angeles. The company said it will look to invest in companies and technologies in the areas of health care and defense. The firm was founded by Grant Verstandig, Josh Lobel, and John Tenet.

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