Thu.Jul 16, 2020

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Openpath’s security system for physical access gets a $36 million boost

TechCrunch LA

Openpath , the developer of software-based security systems for office access, has raised $36 million in new financing as businesses try to find ways to make employees feel more comfortable about coming back to work. The round was led by Greycroft, which had been following the company’s progress for years, and included participation from strategic investors like Okta Ventures, the venture capital investment arm of Lincoln Property Companies, Allegion Ventures and Sentre, and included follo

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An economics lesson for growing companies

Berkonomics

Catching up from past insights. Growing companies usually require more working capital during their periods of rapid growth. In past insights we have calculated the amount of additional capital needed for a business as it grows, and the additional capital required is often surprisingly large. In this insight, we need to speak of the sources of working capital and the implications to the future financial health of the choices made when selecting one financial resource.

Company 156
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MomentFeed Rolls Out New Proximity Search Dashboard

socalTECH

Santa Monica-based MomentFeed , which develops software to help multi-location brands manage their reviews, location listings, and much more, says it has rolled out a new product. According to MomentFeed, its new Proximity Search Optimization Dashboard allows multi-location brands to easily monitor and manage how well their local marketing efforts are performing.

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Openpath Adds $36M For Keyless Entry Systems

socalTECH

Los Angeles-based Openpath , which is developing keyless door access systems--and which is headed by LA tech veterans James Segil and Alex Kazerani--said on Thursday that it has raised $36M in a new funding round. The new funding brings the company's raised to $63M. The new funding was led by Greycroft Partner. Segil and Kazerani are longtime veterans of the LA startup and technology industry, having previously founded Edgecast, which they sold to Verizon for approximately $400M.

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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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Tyvak Nano-Satellite Systems Inks Deal With Lawrence Livermore

socalTECH

Irvine-based satellite developer Tyvak Nano-Satellite Systems and Lawrence Livermore National Laboratory announced a $2M deal this morning, where Tyvak will help develop a new telescope system for nanosatellites. According to the two, the $2M cooperative research and development agreement (CRADA) to develop innovative compact and robust telescopes for nanosatellites, combining LLNL's Monolithic Telescope (MonoTele) technology with Tyvak's expertise producing high-reliability spacecraft.

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Snapchat Expands Efforts At Yellow Accelerator

socalTECH

Venice-based Snapchat says it is expanding the outreach efforts it has been running as part of its Yellow Accelerator. Snapchat said it is expanding Yellow to introduce a new program to support Snapchat integration, in addition to its annual programs. As part of the expansion, Snap said that it has launched a new, remote 13-week program called Yellow Collabs , which is aimed at companies that want to work closely with the Snap Team to integrate with specific parts of the Snap Platform.

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Creator Connect Looks To Connect Users With Artists, Designers

socalTECH

Los Angeles-based Creator Connect announced this morning that it has launched a brand new service, which allows artists and designers to offer their services up to others. The new service said it lets users hire an artist to create your painting, sculpture, artifact or outfit of your dreams at your own budget. The new marketplace is available via both the company's website as well as an iOS app.

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iList Debuts New Home Sales Website

socalTECH

Los Angeles-based iList , a new startup in the residential real estate market, said on Wednesday that it has launched a new interactive service to help home sellers value, list, and market their homes. According to the company, its platform allows users to market their home on MLS and other channels, accept and review offers, complete paperwork and track milestones from an online dashboard.

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PocketList Raises $2.8M In Seed Funding For Rental Info

socalTECH

Los Angeles-based PocketList , a new startup which is starting up a rental marketplace driven by feedback from current and past tenants, announced on Wednesday that it has raised $2.8M in a seed funding round, and officially launched. The company said the funding was led by Craft Ventures, the venture firm founded by David Sacks, and also included Abstract VC and Wonder Ventures, as well as other angels, including Zillow co-founder Spencer Rascoff.