Wed.Jun 17, 2020

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DroneBase nabs $7.5 million in a slight down round to double down on its work in renewable energy

TechCrunch LA

DroneBase , a Los Angeles-based provider of drone pilots for industrial services companies, has raised $7.5 million during the pandemic to double down on its work with renewable energy companies. While chief executive Dan Burton acknowledged that the company was fundraising prior to the pandemic, the industrial lockdown actually accelerated demand for the company’s services.

Equity 154
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Tinder's Parent Company Criticizes Apple's App Store Fees

socalTECH

Match Group , the parent company of Los Angeles-based dating app developer Tinder , has joined in on criticizing Apple for its fees--saying that Apple "squeezes industries" like like e-books, music and video streaming, cloud storage, gaming and online dating for 30% of their revenue. The statement comes as a major antitrust case against Apple was filed in the EU.

Company 113
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5 Reasons Two Founders As A Team Are Better Than One

Startup Professionals Musings

It seems like every entrepreneur I meet these days is quick to proclaim themselves a visionary, expecting that will give more credibility to their startup idea, and improve their odds with investors. In reality, I’m one of the majority of investors who believe that startup success is more about the execution than the idea. Thus, unless the visionary highlights a cofounder who can take the vision and execute, I assume the worst.

Startup 131
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8minute Solar Energy Wins 250MW Solar Project

socalTECH

Los Angeles-based 8minute Solar Energy reports that it has signed a contract to develop a new, 250MW solar power plus storage project in California. According to the company, the contract, with Monterey Bay Community Power Authority (MBCP) and Silicon Valley Clean Energy (SVCE), will supply Community Choice Energy (CCE) providers. The company said the project will include 150 megawatt hours (MWh) of energy storage, providing enough power for 93,000 homes.

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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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Frazier Launches Lassen to Advance Antibodies Against Fibrosis, Cancer

Xconomy

Lassen Therapeutics, a biotech that is developing antibodies as potential treatments for fibrosis, rare diseases, and cancer, debuted Wednesday with $31 million in Series A financing. The San Diego-based company says it will use the money to accelerate its antibody programs, including asking the FDA for the green light to move its lead drug candidate into the clinic sometime next year.

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Trust & Will Hits 100K Members

socalTECH

San Diego-based startup Trust & Will , which offers up online estate planning, says it has hit 100,000 members to its service. According to the company, the recent pandemic doubled the volume of individuals seeking its estate planning services. The company was founded in 2017, but only raised its Series A in December of 2019, when it raised $6M in funding.

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Allset Launches New App, Website After $8.35M In Funding

socalTECH

Los Angeles-based Allset , a startup which allows users to book a table and pre-order food at restaurants, said it has launched a new app and website. The company said the upgraded app and website will make it easier for its users to find and gte food they want from local restaurants. The new app works on both iOS and Android. Allset also said it recently raised $8.35M in new funding, and has now raised $16.6M in total; details on the timing and source of those funds were not outlined, however,

Funding 113
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DroneBase Lands $7.5M In Series C

socalTECH

Santa Monica-based drone data management software developer DroneBase announced on Wednesday morning that it has raised $7.5M in a Series C funding. The funding round came from invest investors Valor Equity Partners and Razi Ventures, and also included prior investors Union Square Ventures (USV), Upfront Ventures, Hearst Ventures, Pritzker Group Venture Capital, and DJI.