socalTECH

JANUARY 6, 2022

San Diego- and Galway, Ireland-based ONK Therapeutics announced today that it has raised $21.5M in its Series A funding. The funding was led by Acorn Bioventures and ALSHC, plus Cormorant Asset Management. The startup says it is developing optimally engineered natural killer (NK) cell therapies. ONK said the new funding will go to drive multiple, pre-clinical programs through IND-enabling studies, and also go towards GMP manufacturing capability.

San Diego 200

San Diego Study Funding Startup 200

Berkonomics

JANUARY 6, 2022

First, the marginal exit event: Sometimes the end game or sale of the company is not a happy event for the early investors, including the entrepreneur or the founders. Especially when outside investors, venture capitalists or angels have put in substantial money, and the sales price is not enough to give them a reasonable return for the time and money invested, these investors can be – in a word – greedy.

Venture Capital 156

Venture Capital Sales Pricing Equity 156

socalTECH

JANUARY 6, 2022

San Diego-based nonprofit fundraising software developer Classy says that more than $1.1 billion was raised by its nonprofit customers on its platform in 2021. The company--which helps nonprofits reach out to donors--said about $30.8 million of that was in recurring donations on its platform. The company has been developing tools to help nonprofits move donors to give on a recurring basis--more like a subscription--rather than just provide on-time donations.

San Diego 189

San Diego Platform Software Development Tool 189

socalTECH

JANUARY 6, 2022

Los Angeles-based ACH payments provider VeriCheck announced this morning that it has acquired Applied Payments, LLC, which operates as ACHWorks. Financial terms of the acquisition were not announced. VCI said it will integrate the team and technology of ACHWorks to further its offerings. VeriCheck is led by CEO Don Singer, and says it has locations both in Los Angeles and Atlanta.

Los Angeles 113

Los Angeles Acquisition Angel Technology 113

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.

Company

socalTECH

JANUARY 6, 2022

Calabasas-based Labrador Systems, a startup developing assistive robots for the disabled, has raised $3.1M in a seed funding, the company said this week. The funding was led by Amazon's Alexa Fund and iRobot Ventures, and also included SOV and Grep VC. The company said it has launched a new type of personal robot called the "Labrador Retriever" which it says helps individuals to live more independently.

Calabasas 113

Calabasas Seed Funding Venture Capital Activity 113

socalTECH

JANUARY 6, 2022

A new, free-streaming service, SPORTS.TV, has been launched by Allen Media Group, which said today its new app-based consumer video streaming service is free, and aggregates sports, news, movies, documentaries, and entertainment networks, as well as local broadcast television stations. The company said its app runs on Apple iOS/iPhone/iPad, Android, Fire TV, and Android TV, and is also available on the worldwide web.

Services 113

Services Entertainment News Media 113