Fri.Jun 17, 2016

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CheckAlt Acquires Klik

socalTECH

Los Angeles-based CheckAlt , which provides mobile check deposit and Check 21 payment services and software, said late Thursday that it has acquired Klik Technologies , a subsidiary of MUFG Union Bank, N.A., which provided receivables processing. Financial terms of the acquisition were not announced. Klik Technologies was based in New York, and had over 120 employees.

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Silicon Beach Afternoon Report June 17: Activision Blizzard Sets Its Sights on Television

L.A. Business Journal

CheckAlt picks up Klik Technologies, Activision Blizzard announces Netflix series, Los Angeles venture capitalist secures startup funds, and more.

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Ceres Acquired For $17.2M

socalTECH

Thousand Oaks-based agricultural biotech developer Ceres is being acquired by Minnesota-based agriculture firm Land O'Lakes , in a deal worth approximately $17.2M, the companies said on Friday. The two said that Land O'Lakes will pay $0.40 per share, in cash, for Ceres. Ceres will become part of Land O'Lakes Forage Genetics International (FGI) subsidiary.

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Preccelerator Program Demo Day

SoCal Tech Calendar

Thursday, June 23, 2016 -- Preccelerator Program Demo Day. Clear your calendar - It's going down! Preccelerator® Program Demo Day kicks off on June 23rd @ 5:30pm, and you're invited to take part in the festivities. SAM Preccelerator® Program (1453 3rd Street Promenade, Suite 300) is our meeting spot to showcase the Preccelerator's current class of all-star companies to investors and the start-up community.

Class 100
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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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Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup

socalTECH

Fouad ElNaggar , a former venture capitalist who had been responsible for the Los Angeles office of Redpoint Ventures, has scored funding for a new startup, Sapho. According to Sapho, it has raised $9.5M in a Series A funding, which was led by Alsop Louie Partners. Sapho develops software which helps pull together information across hundreds of enterprise apps, and presents them to employees as "micro apps".

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Alternative Accelerators and Start-Up Resources

SoCal Tech Calendar

Thursday, June 23, 2016 -- Alternative Accelerators and Start-Up Resources. LAVA. Today, start-ups have more choices for accessing business resources and seed funding than ever. This is especially true for first-time and early-stage entrepreneurs not yet ready to pursue venture capital or who lack certain critical capabilities. To meet these needs are emergent alternative accelerators, incubators and preccelerator models.

Startup 100

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First Look LA

SoCal Tech Calendar

Thursday, June 23, 2016 -- First Look LA. First Look L.A. supports, nurtures and stimulates our unique culture in Southern California, while furthering L.A.s position as a center for start-ups and emerging technology. In addition to the presenters, venture capitalists and early stage angel investors attend the event, along with local elected officials, business leaders and senior administrators from the universities.

LAVA 100
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Activision Blizzard To Debut Animated Television Series On Netflix

socalTECH

Santa Monica-based Activision Blizzard says that it is branching out its content to the world of streaming television with its first, original title out of its new television and film studio, Activision Blizzard Studios. According to Activision Blizzard, the studio has created Skylanders Academy , a new, animated series which will show on Netflix. The new series will be the first production by its studio, which is being led by Stacey Sher and Nick van Dyk.

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7 Ways to Keep Your Customers Begging for More

Startup Professionals Musings

For too many small businesses, customer service is still seen as a “burden.” Entrepreneurs don’t realize that this burden is actually costing them over $200 billion in repeat sales, according to a recent study by the W. P. Carey School of Business. The report also indicates that customer problem experiences continue to increase, up four percent to 54 percent since the last study.

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Cast & Crew Entertainment Services Buys CAPS Payroll

socalTECH

Burbank-based Cast & Crew Entertainment Services , which provides payroll and production management services and technology to the entertainment industry, said it has acquired CAPS Payroll , a provider of payroll services for the commercial production, venues, music tours, live events, unscripted television and independent film markets. Financial terms of the acquisition were not announced, however, Cast & Crew said it is received "substantial additional equity" from its backer, private

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Biotech Roundup: Kadmon Debt, Hemo Data, Loose Lips & More

Xconomy

Familiar biotech names—not necessarily familiar for the right reasons—made news this week in biotech. Data from a hematology conference stoked dreams of approval, though still on a far horizon, for a couple drug makers. Long anticipated, Walgreens officially cut ties with Theranos , and the FDA both gave and denied approvals. You think a Game 7 in the NBA Finals is going to be epic?

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Vrse Finds $12.6M, Renames Itself Within

socalTECH

Los Angeles-based Vrse , the virtual reality content company headed by Chris Milk, said on Thursday that it has raised $12.56M more in a Series A funding. The funding came from 21st Century Fox, Andreessen Horowitz, Raine Ventures, WME, Live Nation, Vice Media, Tribeca Enterprises, Annapurna Pictures, Legendary Pictures, and Freelands Ventures. As part of the funding, the startup said it has renamed itself to Within.

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