Sat.May 15, 2021 - Fri.May 21, 2021

Your time is as valuable as your money.

Berkonomics

Enterprise time as a measurable commodity. Let’s examine the challenges to a CEO in making use of enterprise time, one of your most valuable and often misused assets.

6 Practical Keys To Enhancing Your Business Acumen

Startup Professionals Musings

The most successful entrepreneurs and executives I have seen are savvy business people first, and experts in their field second. This may seem counter-intuitive to technologists, especially in an era when technology seems to be driving the world.

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Arcturus Studios’ Software Powers Holographic Videos

L.A. Business Journal

Augmented reality and holographic technology exist largely as a novelty for most Americans. But as smartphone cameras evolve and 5G networks come online, many investors and businesses are betting that the technology will become commonplace

Docupace Acquires Jaccomo

socalTECH

Los Angeles-based cloud-based operations and document management software developer Docupace, which serves the wealth management industry, says it has acquired jaccomo, which develops a compliance, data integration, financial reporting, and advisor compensation accounting system. Financial details of the acquisition were not announced. Docupace said it will use the acquisition to expand its back office platform.

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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.

LA BEST - LA Bioscience Ecosystem Summit 2021

SoCal Tech Calendar

Thursday, May 27, 2021 -- LA BEST - LA Bioscience Ecosystem Summit 2021. The Los Angeles Bioscience Ecosystem Summit 2021 (LABEST) is the premier showcase for bioscience innovation in Los Angeles County. This event is a collaboration with colleagues from across the county to present promising academic research, entrepreneurial faculty investigators, as well as local start- up companies.

5 Ways To Make It Easier To Do What Matters At Work

Startup Professionals Musings

During all my years in business, I’ve noticed that some people seem to make their job look effortless , while others are always in a struggle, no matter how simple you thought the task should be.

More Trending

CerraCap Cares Invests In Aquagenuity

socalTECH

Costa Mesa-based impact-focused venture capital investor CerraCap Cares announced this morning that it has made an investment in Aquagenuity, a startup that provides real time information about water quality. Size of the investment was not announced. CerraCap Cares, which says it is a women-led impact fund, said Aquagenity offers up an accessible database and a water scoring tool which provides details on how much lead is in drinking water.

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LA BEST - LA Bioscience Ecosystem Summit 2021

SoCal Tech Calendar

Wednesday, May 26, 2021 -- LA BEST - LA Bioscience Ecosystem Summit 2021. The Los Angeles Bioscience Ecosystem Summit 2021 (LABEST) is the premier showcase for bioscience innovation in Los Angeles County. This event is a collaboration with colleagues from across the county to present promising academic research, entrepreneurial faculty investigators, as well as local start- up companies.

7 Leadership Failures To Abolish In Your New Venture

Startup Professionals Musings

Many professionals in business, from startups to multi-nationals, assume that team leader or executive is an appointed position, and the skills come with the title.

Robotics Company Embodied Acquires Conversational AI Business

L.A. Business Journal

Pasadena-based Embodied Inc. released a product last year called Moxie, an artificial-intelligence-enabled robotic companion for young children

Digital Brands Group Close Small, $10M IPO

socalTECH

Los Angeles-based Digitl Brands Group, which owns a portfolio of what it calls "digital native" apparel brands, has closed a small, $10M initial public offering, the company said on Tuesday afternoon. The company says it sells its apparel through numerous brands on a both direct-to-consumer and wholesale basis. The company trades on the NADAQ as DBGI. The company said it sold 2,409,639 shares of common stock and warrants to purchase 2,771,084 shares of common stock at $4.15 per share.

LA BEST - LA Bioscience Ecosystem Summit 2021

SoCal Tech Calendar

Tuesday, May 25, 2021 -- LA BEST - LA Bioscience Ecosystem Summit 2021. The Los Angeles Bioscience Ecosystem Summit 2021 (LABEST) is the premier showcase for bioscience innovation in Los Angeles County. This event is a collaboration with colleagues from across the county to present promising academic research, entrepreneurial faculty investigators, as well as local start- up companies.

7 Key Skills For Survival In Today’s Business Career

Startup Professionals Musings

The days when you locked and loaded your career in school, and then blasted away down that same narrow path the rest of your life, are gone, never to return.

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Scale Ventures Launches First Accelerator Class

L.A. Business Journal

Los Angeles’ latest startup accelerator is welcoming its first class of fledgling companies

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Fisker Plans Popemobile

socalTECH

Los Angeles-based electric vehicle developer Fisker Inc. said Friday that it plans to build a new, all-electric vehicle for Pope Francis, after a visit to Vatican City by Fisker's co-founders, Henrik Fisker and Dr. Geeta Gupta-Fisker. According to the company, it plans to convert a Fisker Ocean into a vehicle for the Pope, including what it describes as a "modern, all-glass cupola" to be used for greeting the faithful.

Eano’s Stella Wu is not your typical construction tech startup founder

TechCrunch

Renovating a home is an exciting, yet often fraught-filled, endeavor. One startup that aims to help make the process simpler, cheaper and less stressful by helping people manage the home renovation process has raised $6 million to help it grow even faster.

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8 Keys To Rebuilding Your Team Spirit After A Setback

Startup Professionals Musings

Most successful entrepreneurs will tell you that their primary motivation is to “change the world” and to build something lasting, not to make a lot of money. But the conventional wisdom is that employees work for money, above all else.

Robotics Company Embodied Acquires Conversational AI Business

L.A. Business Journal

Pasadena-based Embodied Inc. released a product last year called Moxie, an artificial-intelligence-enabled robotic companion for young children

Evofem Biosciences Raises $50M In Offering

socalTECH

San Diego-based Evofem Biosciences, a developer of biopharmaceuticals for female reproductive health, reported it raised $50M in its previously announced public offering. It said it will net approximately $46.6M after underwriting discounts, commissions, and expenses. The company sold 50 million shares of its common stock, plus two year warrants on up to 50 million additional shares.

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J2 Revenue Surges on Digital Media Gains

L.A. Business Journal

Downtown-based cloud and digital technology company J2 Global Inc. saw a 20% jump in revenue in the first quarter as its digital media assets boomed

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Alteryx Launches No Cost Certifications

socalTECH

Irvine-based analytics software developer Alteryx says it has launched a program which allows educators, students, and life-long learners to access its training, software, and certifications for no cost. According to the company, its new education program, SparkED, is aimed at educators and students in a traditional education environment aspiring to achieve data science skills and bolster their resume, and career changers wanting to upskill for a competitive edge in today's job market.

Cordial Names Chief Revenue Officer

socalTECH

San Diego-based Cordial, a developer of cross-channel marketing software used by such brands as Revolve, 1-800 Contacts, Backcountry, and Eddie Bauer, says it has named Raachel Bergman as its Chief Revenue Officer. Bergman previously served at such companies as Harland Clarke and Persado and Experian CheetahMail. The company said Bergman was General Manager at Experian CheetahMail, leading a team of over 650 employees and revenues of over $200M. Cordial is led by co-founder and CEO Jeremy Swift.

Jam City Plans $1.2 Billion SPAC

socalTECH

Los Angeles-based mobile games publisher Jam City is planning to go public via a $1.2 billion special purpose acquisition company (SPAC) transaction, according to Bloomberg, citing "people with knowledge of the matter". The SPAC--only the latest in a string of SPAC transactions in Southern California's techn industry--will see DPCM Capital acquire Jam City, as well as a Montreal, Canada-based game publisher, Ludia, Inc.

Procore Now Worth More Than $11 Billion After IPO

socalTECH

Carpinteria-based Procore, the construction management software developer which went IPO this morning, is now worth more than $11 billion in market value, after pricing at $67.00 per share, and ending its first day of trading at $88 per share-- $21.00 above its debut, up 31.34%. The IPO was underwritten by Goldman Sachs & Co., Morgan Securities, Barclays Capital, and Jefferies, along with Canaccord Genuity, KeyBanc Capital Markets, Oppenheimer & Co., Piper Sandler & Co.,

BioTheryX Gets $92M

socalTECH

San Diego-based BioTheryX, which is developing protein degradation technology for use in creating cancer medicines, has raised $92M in a Series E funding round, according to the company. The funding was led by Farallon Capital Management, and also included new investors Avidity Partners, Deep Track Capital, Janus Henderson Investors, Lumira Ventures, Point72, Rock Springs Capital, Surveyor Capital, Tekla Capital Management, Alexandria Venture Investors, along with existing investors.

Sunbit Snags $130M, Joins Unicorn Club

socalTECH

Los Angeles-based Sunbit, a developer of technology that offers up financing at the point of purchase for auto dealership service centers, optical practices, dentist offices and specialty healthcare services, says it has raised $130M in a Series D funding round. The company says the new funding gives it a $1.1 billion valuation. The funding was led by Group 11, and also included Zeev Ventures, plus new investors Migdal Insurance, Harel Group, AltaIR Capital, and More Investment House.

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Procore Prices IPO, Starts Trading Today

socalTECH

Carpinteria-based construction management software developer Procore Technologies priced its IPO last night, saying it will sell 9,470,000 shares of its common stock at a price of $67.00 per share. The company starts trading this morning on the New York Stock Exchange under the symbol PCOR. The IPO priced above the company's initial estimated IPO range, which was $60.00 to $65.00 per share, indicating strong investor interest in the offering. The IPO was underwritten by Goldman Sachs & Co.,

Sole Source's Peak-Ryzex Acquires Bar Code Direct

socalTECH

Santa Monica-based private equity investor Sole Source Capital said this week that one of its portfolio companies, Peak-Ryzex, has acquired Bar Code Direct, a value added reseller based in North Grafton, Massachusetts. Financial details of the transaction were not announced. Sole Source said the acquisition is the third, add-on acquisition it has made since acquiring Peak-Ryzex. Peak-Ryzex also acquired two other companies, Optical Phusion Inc. OPI) and Inovity Inc., this year.

Fisker Signs Deal With UK EV Subscription Car Provider

socalTECH

Los Angeles-based electric vehicle developer Fisker said it has signed a deal to provide up to 700 vehicles to UK-based electric car subscription service, Onto. fisker automotive subscription onto rental electric vehicle international

Resilience Gets $164M From Government Of Canada

socalTECH

San Diego-based National Resilience, a new manufacturing and technology company focused on making sure countries can manufacture their own vaccines and other threapeutics, says it has received $163.8M in a funding from the Government of Canada, to modernize and expand its Ontario, Canada biomanufacturing site. The company said the move is part of Canada's efforts to improve in pandemic preparedness.

VideoAmp Gets $75M In Debt Financing

socalTECH

Los Angeles-based VideoAmp, a developer of software used to manage advertising across linear TV, streaming and digital media, says it has raised $50M in a debt financing. The funding came from Capital IP. Terms of that debt were not announced, however, VideoAmp said the non-dilutive funding also gives it the ability to draw up to $25M more in further financing. VideoAmp is led by co-founder and CEO Ross mcCray.

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Gigajot Rolls Out Scientific Image Sensors

socalTECH

Pasadena-based Gigajot. gigajot scientific image sensor industrial cmos semiconductor

Evofem Prices $50M Offering

socalTECH

San Diego-based Evofem Biosciences, which is developing biopharmaceuticals for women's contraception and related areas, says it has priced a $50M, public offering, and also will receive up to an additoinal $50M upon exercise of accompanying short-term warrant.

Narrativa Raises $1.3M

socalTECH

Los Angeles-based Narrativa, a developer of artificial intelligence software aimed at helping pharmaceutical companies with FDA drug approvals, says it has raised $1.3M in a financing round. Source of the new funding was not announced. According to Narrativa, it is using its AI software to automate the generation of Clinical Study Reports (CSRs) and other regulatory reports.

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Canoo Faces SEC Investigation

socalTECH

Los Angeles-based Canoo, an electric vehicle startup which has announced a number of futuristic looking vehicles--but has yet to deliver one to the market--is now under SEC investigation, according to a number of reports. Canoo's CEO, Tony Aquila, announced the SEC investigation on a conference call with analysts, describing the SEC effort as a "fact-finding inquiry". Canoo went public in a $2.4M special purpose acquisition company (SPAC) acquisition last year.

Interview with Zeb Evans, ClickUp

socalTECH

For today's interview, we sat down and chatted with >Zeb Evans, the founder and CEO of San Diego-based ClickUp (www.clickup.com), the developer of a workplace productivity software platform which is based by such companies as Google, Airbnb, and Nike. ClickUp has raised $135M in venture capital so far. What is ClickUp? Zeb Evans: ClickUp is a workplace productivity platform, for putting all of your work in one place, including tasks, docs, goals, and chat.

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