Wed.Apr 21, 2021

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SoftBank bets big on a ‘digital Ellis Island’

TechCrunch LA

Welcome Tech , which has built a digital platform aimed at immigrants and their families, has raised $35 million in a Series B funding round co-led by TTV Capital, Owl Ventures and SoftBank Group Corp.’s SB Opportunity Fund. Crosscut Ventures, Mubadala Capital, Next Play Capital and Owl Capital also participated in the financing, which brings the Los Angeles-based company’s total raised to $50 million since its 2010 inception.

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Viasat Powers Remote Telemedicine Effort

socalTECH

Carlsbad-based satellite communications company Viasat says it is in a collaboration with 19Labs, founded by former Apple, Samsung, and Qualcomm executives, on a new, telemedicine and remote patient monitoring solution. According to ViaSat, it is working with 19Labs to allow patients, clinicians and healthcare providers can securely connect and share healthcare information even in hard-to-reach communities.

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6 Ways To Increase Your Thinking Power On Key Issues

Startup Professionals Musings

Startups and entrepreneurs are drowning in the information overload, where the volume of data created is like a new Library of Congress every 15 minutes. That creates a huge gap between data and meaning, and makes quick decisions and action ever more difficult. We all need to take a little more time to think. On the other end of the spectrum, some people “over-think” things to the point of inaction.

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Welcome Tech Finds $35M For Financial Inclusion

socalTECH

Los Angeles-based Welcome Tech, which is developing a financial inclusion platform aimed at the multigenerational, immigrant community, said this week that it has raised $35M in a Series B funding round. The fundinc ame from TTV Capital, Owl Ventures and SoftBank along with Crosscut Ventures, Mubadala Capital, Next Play Capital and Owl Capital. According to the company, it is developing financial services, including a debit card and bilingual mobile app.

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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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Seed Health Scores $40M For Probiotics

socalTECH

Los Angeles-based Seed Health, a company focused on probiotics, says it has raised $40M in its Series A funding round. The funding was led by The Craftory, and also included ARTIS Ventures, GISEV, Foudners Fund, and 8VC. The company said it is developing a "broad spectrum probiotic" to help treat patients with irritable bowel syndrome (IBS). The company's co-founders and co-CEOs are Ara Katz and Raja Dhir.

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Songtradr Acquires Pretzel

socalTECH

Los Angeles-based music licensing marketplace operator Songtradr says it has acquired Pretzl, a provider of stream-safe music for livestreamers. Financial terms of the acquisition were not announced. According to Songtradr, Pretzel offers rights holders such as artists and labels exposure to millions of new, highly engaged listeners through live broadcasts.