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Torrance-based online auto parts e-commerce company CarParts.com says this morning that it has named Kals Subramanian as its Chief Technology Officer. Sabramanian was most recently Vice President of eCommerce Technology at Lowe's, and previously served at Best Buy and Target. CarParts.com said that the hire is the first by new CEO David Meniane. The company's prior CTO shifts to the role of Chief Information Officer. carparts executive kals subramanian ecommerce MORE
As a long-time business advisor and angel investor, I’m a believer that “two heads are better than one” in building a new business. Very few entrepreneurs have the range of skills and experience to be the solution creator as well as business creator, or operational as well as sales leader. MORE
A founder of two, European electric vehicle battery startups, Lars Carlstrom, has announced a plan for a third, Lithium battery startup, this time located in the Imperial Valley. According to Carlstrom, who previously founded two EV battery companies--Britishvolt and Italvolt--he is launching a new startup called Statevolt, which plans to develop a 54GWh "gigafactory" to build Lithium batteries for the North American market. MORE
A new, Los Angeles startup, Vinohead, said on Wednesday that it has launched a new service which allows Millenials and Gen-Z to buy wine, direct, from single wineries through sales "drops". The startup said it has launched a beta for something it calls its "X-Drop", where it will offer up exclusive wines to consumers. The company said its first "drop" started yesterday, in a partnership with Chosen Family Wine to release its 2019 Willamette Valley Pinot Noir. MORE
In my experience, the right team culture is critical to every business and startup success, so every business leader wants to know how to create it. In reality, I’m convinced that none of us can “ create culture ” directly, but we can create an environment where the desired culture emerges. MORE
Every entrepreneur and business leader I know realizes that it takes a dedicated team to build and run a successful business, and nurturing that team is one of your most important priorities. MORE
Los Angeles-based Trust, a fintech startup which helps emerging brands with extended payment terms and other services, said today that it has raised $30M, split between $25M in debt and $5M in equity. The $25M in debt funding came from Upper90, and the additional $5M in equity came from Sapphire Sport and Michael Vaughan (former COO of Venmo). Trust had previously raised equity from Lerer Hippeau, Lightspeed Venture Partners, Manta Ray, Sapphire Sport, Upfront Ventures, and Upper90. MORE
We think of media advertising as either paid or free – placed by paying a fee or by a PR firm or by you at no placement cost, especially when you provide editorial content beneficial to the publisher. But now there’s new media…. MORE
Newport Beach-based Chipotle has launched a new, $50M venture capital fund, which it says will make early-stage investments in seed to Series-B companies. The fast casual restaurant chain said the new "Cultivate Next" venture fund will be funded entirely by the restaurant chain, and initially focus on startups who are developing technology and innovation for its restaurants. The new venture unit was announced by Chipotle Chief Technology Officer Curt Garner. MORE
Even entrepreneurs who have built many startups, or sold their last one for millions of dollars, know they make occasional people leadership mistakes. They know leadership is all about managing their own complicated, illogical, and fallible human foibles, as well as the people they depend on. MORE
Laguna Hills-based medical technology company Wallaby Medical said on Thursday that it has acquired phenox GmbH, a German company developing technology in the neurovascular area. According to the company, it is paying approximately EUR 500 million for phenox. According to Wallaby, Prof. Dr.-Ing. Hermann Monstadt, Founder of phenox, will assume the role of Managing Director of phenox. Wallaby Medical is developing and commercializing neurovascular interventional products for treating stroke. MORE
San Diego-based cleantech developer Nuvve Holding Corp., which is working on vehicle-to-grid (V2G) technology to store energy in things like bus fleets to help supply the grid in overnight hours with clean energy, said it has signed a Memorandum of Understanding (MOU) with the U.S. Department of Energy (DOE). MORE
Los Angeles-based Stem, a startup which provides independent record labels with tools to help manage payments to music artists, has raised $20M in a new funding round, the company disclosed late Monday. The funding was led by QED Investors, and also included Block, Slow Ventures, and Quality Control. The company says it has now raised around $40M. The startup is led by co-founder and CEO Milana Lewis. stem venture capital music payment record label fintech entertainment content MORE
Santa Monica-based online new and used vehicle marketplace TrueCar says it has named a new Chief People Officer. According to the company, it has appointed Jill Angel as its new Chief People Officer, reporting to Mike Darrow, the President and CEO of the company. MORE
Los Angeles-based Peeq, a startup which helps creators and celebrities engage with their fans through one-on-one sessions with those celebrities, special content, and other experiences, says it has named Ommid Bavarian as the company's CFO. Bavarian previously was at such companies as Raytheon, Dover Corporation, Amcor, Orora, and Ernst & Young, as well as seven years in the private equity business. Peeq is led by CEO Pete Hayes. peeq executive creator celebrity fans ommid bavarian MORE
Carlsbad, California-based satellite communications provider Viasat says it is expanding in the United Kingdom, saying this morning that it has joined the Space Cluster on the Harwell Science and Innovation Campus in Farnborough, UK. According to Viasat, its new office will help it support new technology and research partnerships in the UK. Harwell is known as a location for aerospace companies, and is the home of the UK Space Agency and the European Space Agency. MORE
West Hollywood-based Superjoi, a new startup which operates a service to help creators raise money from their fans for projects, disclosed today that it has raised $2.5M in a pre-seed funding round. The funding included Ascension Ventures, QED Investors, Systema VC, Tomahawk and Modern Venture Partners. The startup is led by co-founder and CEO Chris Knight. superjoi venture capital crowdfunding creator hollywood MORE
Irvine-based ATTOM, which provides foreclosure data and also runs RealtyTrac, says that U.S. foreclosure activity has set a new, post-pandemic high. According to the company, there were a total of 78,271 U.S. properties with a foreclosure filing during the first quarter of 2022, up 39 percent from the previous quarter and up 132 percent from a year ago. MORE
El Segundo-base aerospace accelerator Starburst, along with partners Boryung and Axiom said they have launched a new challenge, which will offer up $1M in total prizes to be split between 10 startups working on technology to "optimize human health for space travel and habitation" or are manufactured in space to advance healthcare here on Earth. MORE
Burlington, Mass-based Precisely, a developer of data integrity software, which is backed by Santa Monica-based private equity investor Clearlake Capital Group, has received new funding. According to the company, Insight Partners and Partners Group have joined Clearlake, TA Associates and Centerbridge Partners, to back the company in a strategic funding. The details of the strategic investment were not announced. Clearlake and TA Associates acquired Precisely in 2021. MORE
Los Angeles-based cloud storage provider IDrive Backup says that it has added new, Amazon S3 compatible storage, through a new sevice it calls IDrive e2. The company said the new service is free for the first 10GB of data, and additional storage starting at $0.004/GB/month. IDrive said it is aiming its service at hosting applications, media workflow, gaming assets, e-commerce resources, and other large volumes of data. MORE
Los Angeles-based venture capital investor Greycroft Partners is the lead investor in a Silicon Valley startup's Series A funding. According to prezent.ai, it raised $20M in a Series A funding round, which was led by Greycroft and also included WestWave Captial and Emergent Ventures. The company said it is developing an artificial intelligence powered "presentation productivity platform" for businesses. Greycroft's investment in prezent.ai MORE
El Segundo-based subscription health and wellness company The Beachbody Company announced late Tuesday that its President and CFO, Sue Collyns, is leaving the company. According to Beachbody, Collyns will "transition to a new chapter of opportunities in both the for-profit and non-profit sectors." Collyns will be replaced by Marc Suidan, former Partner at PricewaterhouseCoopers. The company said that Collyns will provide advisory services to the company until May 31, 2023. MORE
Delta Air Lines is testing out Starlink, the satellite-based Internet service run by Hawthorne, California-based SpaceX, according to the WSJ. According to the report, Delta CEO Ed Bastian says that Delta has held talks with SpaceX, and has been conducting exploratory testing of Starlink for its planes. delta starlink satellite internet elon musk airlines aviation MORE
Los Angeles-based real estate marketplace Crexi said today that it has launched a new app for Android. According to the company, the app allows its users to discover commercial real estate properties for sale and lease nationally, and connect with the appropriate brokers instantly. The company already has an iOS app, which it launched a year ago; the company said that app has seen over 60,000 downloads. Crexi is led by founder and CEO Mike DeGiorgio. MORE
The alternative protein space is hot, hot, hot as evidenced by both the number of companies developing products and the venture capital going into the space. MORE
Los Angeles-based HyperX, which develops gaming accessories, says it has extended a sponsorship with New Meta Entertainment (NME). New Meta Entertainment runs esports companies Dignitas and new women in gaming media platform Raidiant. Financial details of the sponsorship were not announced. HyperX said the sponsorship expands its company's initiatives to uplift women gamers, with the compan becoming the official peripheral partner of Raidiant, with notable focus on desktop microphones. MORE
Pasadena-based healthcare venture fund Wavemaker Three-Sixty Health says it has named a new venture partner to the firm. According to Wavemaker 360, it has added Monica Jain, M.D., as a venture partner, to add clinical expertise to its ranks. Jain is a surgeon and the urgical Innovation Officer at Cedars-Sinai Medical Center. Wavemaker 360 in vests in startups across the areas of health-tech, digital health, medical device, telehealth, pharma-tech, science and marketplaces. MORE
How many times have investors heard startups start their pitch by touting that their technology is “disruptive?” MORE
Los Angeles-based AI-powered fintech startup Camino Financial says it has appointed a new set of VPs this week, as it expands its executive team. According to Camino Financial, it has named Shaja Selvamani as Vice President of Data Science, and Richard Solomon as Vice President of Credit Risk and Portfolio Management. MORE
Berkonomics
APRIL 21, 2022
We think of media advertising as either paid or free – placed by paying a fee or by a PR firm or by you at no placement cost, especially when you provide editorial content beneficial to the publisher. But now there’s new media….
Startup Professionals Musings
APRIL 17, 2022
As a long-time business advisor and angel investor, I’m a believer that “two heads are better than one” in building a new business. Very few entrepreneurs have the range of skills and experience to be the solution creator as well as business creator, or operational as well as sales leader.
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socalTECH
APRIL 22, 2022
Los Angeles-based cloud storage provider IDrive Backup says that it has added new, Amazon S3 compatible storage, through a new sevice it calls IDrive e2. The company said the new service is free for the first 10GB of data, and additional storage starting at $0.004/GB/month. IDrive said it is aiming its service at hosting applications, media workflow, gaming assets, e-commerce resources, and other large volumes of data.
TechCrunch
APRIL 18, 2022
The alternative protein space is hot, hot, hot as evidenced by both the number of companies developing products and the venture capital going into the space.
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.
Startup Professionals Musings
APRIL 16, 2022
Every entrepreneur and business leader I know realizes that it takes a dedicated team to build and run a successful business, and nurturing that team is one of your most important priorities.
Startup Professionals Musings
APRIL 22, 2022
Even entrepreneurs who have built many startups, or sold their last one for millions of dollars, know they make occasional people leadership mistakes. They know leadership is all about managing their own complicated, illogical, and fallible human foibles, as well as the people they depend on.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
APRIL 22, 2022
Santa Monica-based online new and used vehicle marketplace TrueCar says it has named a new Chief People Officer. According to the company, it has appointed Jill Angel as its new Chief People Officer, reporting to Mike Darrow, the President and CEO of the company.
Startup Professionals Musings
APRIL 18, 2022
How many times have investors heard startups start their pitch by touting that their technology is “disruptive?”
socalTECH
APRIL 22, 2022
Burlington, Mass-based Precisely, a developer of data integrity software, which is backed by Santa Monica-based private equity investor Clearlake Capital Group, has received new funding. According to the company, Insight Partners and Partners Group have joined Clearlake, TA Associates and Centerbridge Partners, to back the company in a strategic funding. The details of the strategic investment were not announced. Clearlake and TA Associates acquired Precisely in 2021.
socalTECH
APRIL 22, 2022
Laguna Hills-based medical technology company Wallaby Medical said on Thursday that it has acquired phenox GmbH, a German company developing technology in the neurovascular area. According to the company, it is paying approximately EUR 500 million for phenox. According to Wallaby, Prof. Dr.-Ing. Hermann Monstadt, Founder of phenox, will assume the role of Managing Director of phenox. Wallaby Medical is developing and commercializing neurovascular interventional products for treating stroke.
socalTECH
APRIL 21, 2022
Irvine-based ATTOM, which provides foreclosure data and also runs RealtyTrac, says that U.S. foreclosure activity has set a new, post-pandemic high. According to the company, there were a total of 78,271 U.S. properties with a foreclosure filing during the first quarter of 2022, up 39 percent from the previous quarter and up 132 percent from a year ago.
socalTECH
APRIL 21, 2022
San Diego-based cleantech developer Nuvve Holding Corp., which is working on vehicle-to-grid (V2G) technology to store energy in things like bus fleets to help supply the grid in overnight hours with clean energy, said it has signed a Memorandum of Understanding (MOU) with the U.S. Department of Energy (DOE).
socalTECH
APRIL 21, 2022
Los Angeles-based Peeq, a startup which helps creators and celebrities engage with their fans through one-on-one sessions with those celebrities, special content, and other experiences, says it has named Ommid Bavarian as the company's CFO. Bavarian previously was at such companies as Raytheon, Dover Corporation, Amcor, Orora, and Ernst & Young, as well as seven years in the private equity business. Peeq is led by CEO Pete Hayes. peeq executive creator celebrity fans ommid bavarian
socalTECH
APRIL 21, 2022
A new, Los Angeles startup, Vinohead, said on Wednesday that it has launched a new service which allows Millenials and Gen-Z to buy wine, direct, from single wineries through sales "drops". The startup said it has launched a beta for something it calls its "X-Drop", where it will offer up exclusive wines to consumers. The company said its first "drop" started yesterday, in a partnership with Chosen Family Wine to release its 2019 Willamette Valley Pinot Noir.
socalTECH
APRIL 21, 2022
Newport Beach-based Chipotle has launched a new, $50M venture capital fund, which it says will make early-stage investments in seed to Series-B companies. The fast casual restaurant chain said the new "Cultivate Next" venture fund will be funded entirely by the restaurant chain, and initially focus on startups who are developing technology and innovation for its restaurants. The new venture unit was announced by Chipotle Chief Technology Officer Curt Garner.
socalTECH
APRIL 20, 2022
West Hollywood-based Superjoi, a new startup which operates a service to help creators raise money from their fans for projects, disclosed today that it has raised $2.5M in a pre-seed funding round. The funding included Ascension Ventures, QED Investors, Systema VC, Tomahawk and Modern Venture Partners. The startup is led by co-founder and CEO Chris Knight. superjoi venture capital crowdfunding creator hollywood
socalTECH
APRIL 20, 2022
Los Angeles-based AI-powered fintech startup Camino Financial says it has appointed a new set of VPs this week, as it expands its executive team. According to Camino Financial, it has named Shaja Selvamani as Vice President of Data Science, and Richard Solomon as Vice President of Credit Risk and Portfolio Management.
socalTECH
APRIL 20, 2022
Los Angeles-based venture capital investor Greycroft Partners is the lead investor in a Silicon Valley startup's Series A funding. According to prezent.ai, it raised $20M in a Series A funding round, which was led by Greycroft and also included WestWave Captial and Emergent Ventures. The company said it is developing an artificial intelligence powered "presentation productivity platform" for businesses. Greycroft's investment in prezent.ai
socalTECH
APRIL 20, 2022
El Segundo-based subscription health and wellness company The Beachbody Company announced late Tuesday that its President and CFO, Sue Collyns, is leaving the company. According to Beachbody, Collyns will "transition to a new chapter of opportunities in both the for-profit and non-profit sectors." Collyns will be replaced by Marc Suidan, former Partner at PricewaterhouseCoopers. The company said that Collyns will provide advisory services to the company until May 31, 2023.
socalTECH
APRIL 20, 2022
Delta Air Lines is testing out Starlink, the satellite-based Internet service run by Hawthorne, California-based SpaceX, according to the WSJ. According to the report, Delta CEO Ed Bastian says that Delta has held talks with SpaceX, and has been conducting exploratory testing of Starlink for its planes. delta starlink satellite internet elon musk airlines aviation
socalTECH
APRIL 19, 2022
Carlsbad, California-based satellite communications provider Viasat says it is expanding in the United Kingdom, saying this morning that it has joined the Space Cluster on the Harwell Science and Innovation Campus in Farnborough, UK. According to Viasat, its new office will help it support new technology and research partnerships in the UK. Harwell is known as a location for aerospace companies, and is the home of the UK Space Agency and the European Space Agency.
socalTECH
APRIL 19, 2022
El Segundo-base aerospace accelerator Starburst, along with partners Boryung and Axiom said they have launched a new challenge, which will offer up $1M in total prizes to be split between 10 startups working on technology to "optimize human health for space travel and habitation" or are manufactured in space to advance healthcare here on Earth.
socalTECH
APRIL 19, 2022
Los Angeles-based Stem, a startup which provides independent record labels with tools to help manage payments to music artists, has raised $20M in a new funding round, the company disclosed late Monday. The funding was led by QED Investors, and also included Block, Slow Ventures, and Quality Control. The company says it has now raised around $40M. The startup is led by co-founder and CEO Milana Lewis. stem venture capital music payment record label fintech entertainment content
socalTECH
APRIL 19, 2022
A founder of two, European electric vehicle battery startups, Lars Carlstrom, has announced a plan for a third, Lithium battery startup, this time located in the Imperial Valley. According to Carlstrom, who previously founded two EV battery companies--Britishvolt and Italvolt--he is launching a new startup called Statevolt, which plans to develop a 54GWh "gigafactory" to build Lithium batteries for the North American market.
socalTECH
APRIL 19, 2022
Los Angeles-based Trust, a fintech startup which helps emerging brands with extended payment terms and other services, said today that it has raised $30M, split between $25M in debt and $5M in equity. The $25M in debt funding came from Upper90, and the additional $5M in equity came from Sapphire Sport and Michael Vaughan (former COO of Venmo). Trust had previously raised equity from Lerer Hippeau, Lightspeed Venture Partners, Manta Ray, Sapphire Sport, Upfront Ventures, and Upper90.
socalTECH
APRIL 18, 2022
Los Angeles-based real estate marketplace Crexi said today that it has launched a new app for Android. According to the company, the app allows its users to discover commercial real estate properties for sale and lease nationally, and connect with the appropriate brokers instantly. The company already has an iOS app, which it launched a year ago; the company said that app has seen over 60,000 downloads. Crexi is led by founder and CEO Mike DeGiorgio.
socalTECH
APRIL 18, 2022
Los Angeles-based HyperX, which develops gaming accessories, says it has extended a sponsorship with New Meta Entertainment (NME). New Meta Entertainment runs esports companies Dignitas and new women in gaming media platform Raidiant. Financial details of the sponsorship were not announced. HyperX said the sponsorship expands its company's initiatives to uplift women gamers, with the compan becoming the official peripheral partner of Raidiant, with notable focus on desktop microphones.
socalTECH
APRIL 18, 2022
Pasadena-based healthcare venture fund Wavemaker Three-Sixty Health says it has named a new venture partner to the firm. According to Wavemaker 360, it has added Monica Jain, M.D., as a venture partner, to add clinical expertise to its ranks. Jain is a surgeon and the urgical Innovation Officer at Cedars-Sinai Medical Center. Wavemaker 360 in vests in startups across the areas of health-tech, digital health, medical device, telehealth, pharma-tech, science and marketplaces.
socalTECH
APRIL 18, 2022
Torrance-based online auto parts e-commerce company CarParts.com says this morning that it has named Kals Subramanian as its Chief Technology Officer. Sabramanian was most recently Vice President of eCommerce Technology at Lowe's, and previously served at Best Buy and Target. CarParts.com said that the hire is the first by new CEO David Meniane. The company's prior CTO shifts to the role of Chief Information Officer. carparts executive kals subramanian ecommerce
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