Mon.Jul 29, 2019

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Mobile messaging financial advisory service, Stackin, adds banking features and raises cash

TechCrunch LA

When Stackin initially pitched itself as part of Techstars Los Angeles accelerator program two years ago, the company was a video platform for financial advice targeting a millennial audience too savvy for traditional advisory services. Now, nearly two years later, the company has pivoted from video to text-based financial advice for its millennial audience and is offering a new spin on lead generation for digital banks.

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Loot Crate Closes Warehouse, Lays off 150 Workers

L.A. Business Journal

Lincoln Heights-based retailer Loot Crate Inc., which sells subscription boxes of apparel and collectibles, closed down its Vernon warehouse and laid off the facility's 150 workers this month.

Vernon 203
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Ordermark, the online-delivery order management service for restaurants, raises $18 million

TechCrunch LA

Los Angeles-based Ordermark , the online delivery management service for restaurants founded by the scion of the famous, family-owned Canter’s Deli, said it has raised $18 million in a new round of funding. The round was led by Boulder-based Foundry Group. All of Ordermark’s previous investors came back to provide additional capital for the company’s new funding, including: TenOneTen Ventures, Vertical Venture Partners, Mucker Capital, Act One Ventures and Nosara Capital , which led

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Ordermark Gets $18M In Series B

socalTECH

Culver City-based Ordermark , which develops software to help restaurants manage the orders and headache of having to deal with multiple, disparate, mobile delivery services, has raised $18M in a Series B funding, the company announced on Monday morning. According to the company, the new funding was led by Foundry Group, and also included TenOneTen Ventures, Vertical Venture Partners, Mucker Capital, Act One Ventures, and Nosara Capital.

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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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Exact Sciences Buying Genomic Health in $2.8B Cancer Diagnostics Deal

Xconomy

With ambitious sales goals and its stock trading at an all-time high this year, cancer diagnostics firm Exact Sciences decided to go shopping. The result is a deal announced Monday to acquire Genomic Health for $2.8 billion in cash and stock, a combination that Exact CEO Kevin Conroy argues will create a global leader in the sector. “Together we have a stronger financial profile than on our own, allowing us to continue to invest in growth opportunities,” Conroy said on a conference c

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Video Interview With Alex Canter, Ordermark

socalTECH

Los Angeles-based Ordermark (www.ordermark.com)announced this morning that it has raised $18M in a Series B funding round from Foundry Group, TenOneTen Ventures, Vertical Venture Partners, Mucker Capital, Act One Ventures, and Nosara Capital. We recently spoke with Alex Canter , the founder of the company, for a video interview. Alex--the grandson of the founder of Canter's Deli--talks about his startup, the hassle for restaurants of handling online ordering, and startup life.

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Beachbody Raises $8.5M

socalTECH

Santa Monica-based health and fitness company Beachbody has just raised $8.5M in an equity funding, according to a regulatory filing from the company. Details on the funding have not been announced by the company. According to the filing, 11 investors participated in the funding round for the company, which is led by Chairman and CEO Carl Daikler. Beachbody offers up online, streaming fitness programs that users can browse and select and which are also tied to branded fitness accessories tied in

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9 Success Inhibitors To Overcome For Rapid Growth

Startup Professionals Musings

A common complaint I hear from my startup clients and many entrepreneurs is that rapid growth is more difficult than ever anticipated. The assumption usually is that more money is needed for marketing, or another round of new development is needed on the product. Yet I find in digging deeper, the challenge is just as often getting the right people and culture , rather than money.

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Skyworks Launches New Products For Military, Space Market

socalTECH

Irvine-based analog semiconductor developer Skyworks Solutions said this morning that it has rolled out a new set of products aimed at the high reliability, military and space market. According to the company, it has introduced new, hermetically sealed, broadband low-noise and impedance-matched amplifiers function in harsh environments. The new products are aimed at use in such systems as satellites and avionics systems.

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Ordermark Raises $18 Million to Expand Business

L.A. Business Journal

Alex Canter, the heir to one of Los Angeles’ most dominant delicatessens, raised an $18 million Series B for Ordermark Inc., his online food ordering and delivery platform.

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Neural Analytics In Manufacturing Partnership With NGK Spark Plug

socalTECH

Los Angeles-based Neural Analytics , which develops medical robotics products used for tracking brain health, has inked a strategic, manufacturing partnership with NGK SPARK PLUG CO., LTD. , best known for its manufacturing of ceramic spark plugs and other products. According to Neural Analytics, the deal will help it further its manufacturing capabilities and expand its global footprint.

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Chrome River Buys Emburse

socalTECH

Certify, Inc. / Chrome River -- the newly combined firm that ties together Portland, Maine-based Certify, Inc. and Los Angeles-based expense management software developer Chrome River--announced this mroning that it has acquired another company, Emburse. Emburse is a startup that provides virtual and physical cards used for business expense and vendor payment management.

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Last Chance: Hollywood's Ultraviolet Shutting Down July 31st

socalTECH

Are you one of those early adopters who opted for all digital purchases of Hollywood movies, using Ultraviolet? In a strike for digital ownership, Ultraviolet is shutting down on July 31st--only three days from now--meaning that if you do not shift your Ultraviolet television shows and movies to a specific retailer such as Vudu, those titles will be gone--forever.

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