socalTECH
JUNE 15, 2021
Santa Monica-based Formative, a developer of software used by K-12 teachers to assign and track homework assignments, has raised $70M in a Series A funding, the company said today. The funding was led by Summit Partners, and also included Emerson Collective, Fika Ventures, Mac Ventures and Rethink Education. The new funding round brings the company's funding up to around $77M.
socalTECH
JUNE 15, 2021
Los Angeles-based MomentFeed, which develops location-based services and location marketing software for bricks and mortar retailers to better manage information on their locations, hours, and other information, has been acquired by Uberall, a Berlin-based provider of marketing software. Financial details of the acquisition of MomentFeed were not announced.
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socalTECH
JUNE 15, 2021
San Diego-based productivity software developer ClickUp said this week that it is expanding in San Diego. According to the company, it is expanding in DivcoWest's DiamondView Tower. The company said the expansion comes after it doubled its workforce last year and plans to double headcount again over the next year. The company says it will take two full floors in the tower, and also will gain signage over Petco Park.
socalTECH
JUNE 15, 2021
Pasadena-based Heliogen, which is deeloping concentrated solar power technology, has raised $108M in two funding rounds, the company said on Tuesday. The company--which already has backing from Bill Gates--said the funding was led by steel producer ArcelorMittal, and also included Edison International, Prime Movers Lab, Ocgrow Ventures, A.T. Gekko, ESG Venture Capital, 8090 Partners, Gordon Crawford, and Rashaun Williams.
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socalTECH
JUNE 15, 2021
IKEA and Goleta-based Sonos have rolled out a new, Wi-Fi speaker collaboration, which turns a Sonos speaker into a piece of wall art. The new SYMFONISK picture frame isa vailable in black or white along with interchangeable fronts from IKEA that offer a variety of artwork options. Consumers are not able to put their own art on the speaker at the moment.
socalTECH
JUNE 15, 2021
Los Angeles-based fintech startup Camino Financial said today that it is expanding its management team, and has named Aram Gushchyan as Director of Growth and Roxane Herrera as Director of Corporate Development. Camino Financial's biggest backer is Mexican financial services company Credito Real, which led an investment in the company in 2019. Guschchyan previously was Director of Marketing and Analytics at Go.
socalTECH
JUNE 15, 2021
Santa Barbara-based property management software developer Yardi announced today that it has acquired We Are Forge Ltd., a Bristol, UK-based software company which focuses on vivistor management and smart access control for the real estate market. We Are Forge Ltd. sells its products into the office, retail, industrial, flexible workspace and the education sectors.
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