Thu.May 20, 2021

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Eano’s Stella Wu is not your typical construction tech startup founder

TechCrunch LA

Renovating a home is an exciting, yet often fraught-filled, endeavor. One startup that aims to help make the process simpler, cheaper and less stressful by helping people manage the home renovation process has raised $6 million to help it grow even faster. Builders VC led the round, which included participation from Celtic, Newfund and Wish co-founder Danny Zhang.

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Your time is as valuable as your money.

Berkonomics

Enterprise time as a measurable commodity. Let’s examine the challenges to a CEO in making use of enterprise time, one of your most valuable and often misused assets. Enterprise time, as opposed to personal time management, is the sum total of resources available to a company expressed in terms of time – time to develop, to debug, to produce, to deploy, to respond to issues, and to make changes in plans that are not working.

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Docupace Acquires Jaccomo

socalTECH

Los Angeles-based cloud-based operations and document management software developer Docupace, which serves the wealth management industry, says it has acquired jaccomo, which develops a compliance, data integration, financial reporting, and advisor compensation accounting system. Financial details of the acquisition were not announced. Docupace said it will use the acquisition to expand its back office platform.

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LA BEST - LA Bioscience Ecosystem Summit 2021

SoCal Tech Calendar

Wednesday, May 26, 2021 -- LA BEST - LA Bioscience Ecosystem Summit 2021. The Los Angeles Bioscience Ecosystem Summit 2021 (LABEST) is the premier showcase for bioscience innovation in Los Angeles County. This event is a collaboration with colleagues from across the county to present promising academic research, entrepreneurial faculty investigators, as well as local start- up companies.

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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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CerraCap Cares Invests In Aquagenuity

socalTECH

Costa Mesa-based impact-focused venture capital investor CerraCap Cares announced this morning that it has made an investment in Aquagenuity, a startup that provides real time information about water quality. Size of the investment was not announced. CerraCap Cares, which says it is a women-led impact fund, said Aquagenity offers up an accessible database and a water scoring tool which provides details on how much lead is in drinking water.

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Procore Now Worth More Than $11 Billion After IPO

socalTECH

Carpinteria-based Procore, the construction management software developer which went IPO this morning, is now worth more than $11 billion in market value, after pricing at $67.00 per share, and ending its first day of trading at $88 per share-- $21.00 above its debut, up 31.34%. The IPO was underwritten by Goldman Sachs & Co., J.P. Morgan Securities, Barclays Capital, and Jefferies, along with Canaccord Genuity, KeyBanc Capital Markets, Oppenheimer & Co., Piper Sandler & Co., Stifel, Nicolaus &

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Sunbit Snags $130M, Joins Unicorn Club

socalTECH

Los Angeles-based Sunbit, a developer of technology that offers up financing at the point of purchase for auto dealership service centers, optical practices, dentist offices and specialty healthcare services, says it has raised $130M in a Series D funding round. The company says the new funding gives it a $1.1 billion valuation. The funding was led by Group 11, and also included Zeev Ventures, plus new investors Migdal Insurance, Harel Group, AltaIR Capital, and More Investment House.

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Procore Prices IPO, Starts Trading Today

socalTECH

Carpinteria-based construction management software developer Procore Technologies priced its IPO last night, saying it will sell 9,470,000 shares of its common stock at a price of $67.00 per share. The company starts trading this morning on the New York Stock Exchange under the symbol PCOR. The IPO priced above the company's initial estimated IPO range, which was $60.00 to $65.00 per share, indicating strong investor interest in the offering.

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