L.A. Business Journal
MAY 23, 2017
Real Office Centers, co-working tenants evicted from Santa Monica office, Snapchat launches custom group stories, and Pepsi to label millions of cans with Snapchat codes.
socalTECH
MAY 23, 2017
San Luis Obispo-based software maker Mindbody said on Tuesday that it plans to launch a secondary offering, selling 4,400,000 shares of its stock, or approximately $120M. The company trades on the NASDAQ Global Market as MB. The offering comes two years after the IPO of the company. Mindbody is a developer of cloud-based software, used by spas and other health and wellness businesses manage appointment bookings and clients.
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Xconomy
MAY 23, 2017
For many years, doctors and researchers have known that cancers in different parts of the body can share genetic abnormalities. For the first time, the FDA has approved a drug based on those abnormalities and not on the organ in which the cancer originated. It’s a moment that a lot of people in the cancer field have been waiting for.
socalTECH
MAY 23, 2017
HubHaus , a startup which operates an online marketplace which lets people find shared housing with people with similar professional and other interests, has raised $1.4M in a seed funding round, the company disclosed this week. The company currently offers up its service only in San Francisco and Los Angeles. The funding was led by General Catalyst Partners.
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.
Xconomy
MAY 23, 2017
The FDA considers how safe and effective a new drug is before approving it. But for addictive opioid painkillers, which have triggered a massive public health crisis, should the agency also weigh the potential for the medication to be abused? That’s one of the questions that new FDA Commissioner Scott Gottlieb is posing as he takes the reins of the nation’s drug regulator.
socalTECH
MAY 23, 2017
Los Angeles-based natural snack food company HIPPEAS , which makes organic snack food made out of chickpeas, has raised a round of equity funding, the company announced on Tuesday. The funding came from Strand Equity Partners and Leonardo DiCaprio. Size of the funding was not announced. HIPPEASE was founded by CEO Livio Bisterzo. The company says its revenues are on track to more than triple this year, but it did not disclose any financial details on those revenues.
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 23, 2017
Culver City-based personalized medicine developer NantHealth announced this morning that it has appointed Ronald A. Louks as its Chief Operating Officer. Louks was most recently President of Devices & Emerging Solutions at BlackBerry Limited, and also had been CEO of OpenNMS Group. Louks also served as Chief Strategy Officer for HTC Corporation, in addition to having been CO at Sony Ericsson.
socalTECH
MAY 23, 2017
San Diego-based biopharmaceuticals firm TP Therapeutics announced this morning that it has raised $45M in a Series C funding round. Lilly Asia Ventures (LAV), OrbiMed Advisors, LLC, and S.R. One, Limited co-led the round, and also included Cormorant Asset Management and SV Tech Ventures. Hongbo Lu of Lilly Asia Ventures, and Simeon J. George of S.R.
socalTECH
MAY 23, 2017
Santa Barbara-based Carpe Data , a new startup developing predictive data software for the insurance industry, has raised $6.6M in a Series A funding round. The funding was led by Aquiline Technology Growth (ATG). Carpe Data is led by Max Drucker. According to the company, the new funding will go towards sales and product development. Drucker was previously co-founder of Social Intelligence, and also co-founded Steel Card, an enterprise software company focused on software, which was sold to Cho
socalTECH
MAY 23, 2017
Our interview this morning is with Jonathan Zweig , the CEO of Los Angeles-based AppOnboard (www.apponboard.com), which has created software which allows mobile app developers--and in particular, mobile game developers--to create demos of those games which can be played without having to download and install those apps. Jonathan, who was Founding CEO and President of AdColony (which sold to Opera for $350 Million in June of 2014), also told us why he got back in the startup game, even though he
socalTECH
MAY 23, 2017
Los Angeles-based Embrace.io , which is developing software to help provide performance feedback for mobile apps, is announcing this morning that it has raised $2.5M in a seed funding round. The funding was led by Eniac Ventures, and also included The Chernin Group, Techstars Ventures and BoxGroup, plus the founders of Burstly / Testflight and Parse.
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