Mon.Apr 08, 2019

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CitySourced Merges With Rock Solid Technologies

socalTECH

Los Angeles-based CitySourced , which develops mobile apps to help cities communicate with their constituents, has merged with Rock Solid Technologies , a provider of software to the government. Financial terms of the merger were not announced. Rock Solid is owned by private equity investor Strattam Capital. CitySourced was founded in 2009, and is led by CEO Jason Kiesel.

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VC Trends in 2019: More Money, Fewer Deals But Women Still Get Less

Xconomy

If you’ve been following venture capital trends, what you expected to happen in the first quarter of 2019 did: More money is being invested in fewer deals, and women founders still are getting less of it than men. Venture firms sent $32.6 billion into startups nationally during the first three months of 2019, the second largest amount for any quarter since at least 2006, according to data released overnight by PitchBook and the National Venture Capital Association.

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Core Innovation Capital Plans $100M, Third Fund For Fintech Investments

socalTECH

Los Angeles-based fintech venture capital investor Core Innovation Capital is out looking for new investors in its third fund, with a target of $100M, according to regulatory filing by the firm on Friday. The fund--managed by Arjan Schutte and Kathleen Utecht--invests in financial technology companies, and counts such portfolio companise as Fair , Honest Dollar (acquired), CoverHound , Mirador (acquired), Nerdwallet , Ripple , Tio (acquired), and many others.

Invest 133
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6 Tips to Boost Workforce Engagement and Motivation

Startup Professionals Musings

Image via Wikipedia The challenge for all of us in business is to improve competitiveness by improving employee productivity and reducing costs. According to Gartner , one of the biggest drags on productivity is employee engagement, still hovering around 30 percent, and costing our businesses over $450 billion per year. I believe the only way to improve engagement is to make work more satisfying.

Tips 96
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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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GoGuardian Names CFO

socalTECH

Los Angeles-based educational software developer GoGuardian , a developer of. software for the K-12 market, said it has named Mike Jonas its new Chief Financial Officer. Jonas was most recently CFO of ThriftBooks, and also had been at Microsoft for 14 years. GoGuardian is led by CEO Advait Shinde; the company develops a range of software, including software for Chromebook management, plus software that helps educators identify learning patterns, protect students from harmful and distracting cont

Education 133
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SRAX Runs Into Financial Reporting Issues

socalTECH

Los Angeles-based Social Reality (SRAX), which developing digital marketing and consumer data management software--and more recently, has tried to launch its own cryptocurrency called BIGtoken--said it is restating its results all the way back to March of 2017. According to the company, both its quarterly results and yearly financial statements should "no longer be relied upon", including press releases involving those financial statements.

Report 133

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Fifth Wall Ventures Gets More Funding in Fund II Aims To Raise $500M

socalTECH

Venice, California-based venture capital investment fund Fifth Wall Ventures , has just received a sizeable commit into its second fund, Fifth Wall Ventures II , according to a regulatory filing by the company. According to the filing, the company now has $468.0M raised out of a $500M targeted fund size, up from an earlier $100M in raised for the fund in June of 2018.

Funding 113
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PeerStreet Drops Investment Minimums To $100

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Los Angeles-based PeerStreet , the startup which offers up investment opportunities in real estate backed loans, says it has dropped investment minimums on its service to just $100, when used with automated investments. The company says the drop in minimums is aimed at helping its individual investors better diversify their portfolio. PeerStreet has now had over $2 billion in transactions on its platform, as of March, according to the company.

Invest 113
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SHO Products Raises $3.6M For Cannabis Accessories

socalTECH

Los Angeles-based SHO Products , which is a manufacturer and distributor of products for the growing cannabis (legal marijuana) market, said today that it has raised $3.6M in a Series A funding round. The funding was led by New York philanthropist and venture capital investor Ann Tenenbaum, along with other, un-named investors. According to the company, it will use the funding for marketing and distribution, among other efforts.

Product 113
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MomentFeed Names New VP

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Santa Monica-based MomentFeed , which develops software to help multi-location brands manage the mobile experience of their customers, said Monday that it has named Kyle Koch as Global Vice President, Client Success. Koch previously was Associate Vice President at Sprinklr, where he was for six years. MomentFeed said that Koch will be in charge of its success management, training and professional services functions.

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Lawn Love Expands In Orange County

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San Diego-based Lawn Love , which provides on-demand, lawn mowing and care services, says it has launched its services in Orange County, as part of an expansion effort. Lawn Love says it is backed by such investors as Joe Montana, Alexis Ohanian, Barbara Corcoran, Bullpen Capital, and others, and was part of the 2014 Y-Combinator startup incubator program.

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Xperi's HD Radio In Deal With FEMA

socalTECH

Calabasas-based Xperi , which develops software and hardware for the audio, automotive, broadcast, computational imaging, computer vision, mobile computing and other markets, says that one of its units, HD Radio , has inked an agreement with the Federal Emergency Management Agency (FEMA), for a radio notification system. According to Xperi, FEMA will integrate HD Radio's Emergency Alerts feature into its Integrated Public Alert and Warning System (IPAWS) test and demonstration center in Maryland

Calabasas 113
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Guardion Health Sciences Raises $5.0M In Small IPO

socalTECH

San Diego-based Guardion Health Sciencs , which is developing "condition-specific medical foods and testing technologies" for the ocular health market, has raised $5.0M in a small IPO. The company priced its IPO on Friday, selling 1,250,000 shares of its common stock at a price of $4.00 per share. The company has now started trading on the Nasdaq Capital Market as GHSI.

San Diego 113
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HyperX Rolls Out New Gaming Headsets

socalTECH

Fountain Valley-based videogame accessory maker HyperX , which is part of Kingston Technology, has rolled out a new product today, a new set of headsets that it says are the first on the market to ship for less than $100. The company says its HyperX Cloud Stinger Wireless gaming headset and HyperX Cloud Alpha Purple Edition are both now shipping, with up to 17 hours of battery life on a single charge.

Marketing 133