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NXCR, Led By Scott Painter, Scores $30M In Seed Funding

socalTECH

Los Angeles-based NXCR, a new, subscription car startup led by automotive startup veteran Scott Painter, has raised $30M in a seed funding, based on an internal employee email obtained by socaltech. According to the email from Painter, the funding is the company's first external equity financing.

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Indpenda Gets Seed Funding, Launches

socalTECH

San Diego-based Independa , a startup developing products to help senior citizens live independently longer via technology, said this week that it has received a second round of seed funding, and launched its products. Amount and source of the funding was not disclosed.

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Independa Gets Seed Funding, Launches

socalTECH

San Diego-based Independa , a startup developing products to help senior citizens live independently longer via technology, said this week that it has received a second round of seed funding, and launched its products. Amount and source of the funding was not disclosed.

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Greycroft Backs ZenBusiness In $15M Funding

socalTECH

According to ZenBusiness, it raised $15M in its Series A funding, which was led by Greycroft, and also included Lerer Hippea, Revolution's Rise of the Rest Seed Fund, as well as Rosecliff Venture Partners, Interlock Partners, and Recruit Strategic Partners (RSP). Greycroft was already a seed investor in ZenBusiness.

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Weblife Acquired By ProofPoint For $66M

socalTECH

Proofpoint said it will use the acquisition to extend its email malware protection to users' personal email accounts. in seed funding in Weblife only 11 months ago, with a 30 percent stage--giving it a 690% annualized ROI on the acquisition. Nordic Eye said it invested $3.0M

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XOKind Finds $1.6M For AI Travel Agents

socalTECH

in a seed funding round, and emerged from stealth mode, the company said today. The startup said it is developing AI agents which will learn users' travel preferences via their calendars, emails, and photos, as well as their social media and in-app interactions. Nervana Systems was acquired in 2016 by Intel. READ MORE>>.

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Why You Don’t Want to Give Financial Information to All of Your Investors

Both Sides of the Table

We all know that funding markets have changed for startups. The trends are well understood: more angels, more seed funds, more crowdsourcing and so forth. So I recommend a high-level “state of the company” email a couple of times a year but a message that you assume might get shown to others.