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Fisker to Raise $625 Million to Fund Second EV Model

L.A. Business Journal

Manhattan Beach-based Fisker Inc. is lining up capital to start production on a second electric vehicle in late 2023 after unveiling a debt offering of $625 million.

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Graduway Gets Investment From Manhattan Beach's K1

socalTECH

Graduway , a developer of software used for alumni engagement and career services management, has scored an investment from Manhattan Beach-based investor K1 Investment Management. Size and terms of the investment were not announced. K1 Investment Management says it invests in high growth, enterprise software companies.

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3PL Central Acquires Traker Systems

socalTECH

Manhattan Beach-based 3PL Central , a private equity-backed developer of warehouse management software, said that it has acquired Traker Systems (iTracker), a fellow developer of software in the 3PL software area. Financial terms of the acquisition were not disclosed. Financial terms of the acquisition were not disclosed.

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YBUY Scores $1M More

socalTECH

Manhattan Beach-based YBUY , which is developing a monthly subscription service to help users try products before buying them, has raised $1M in a funding round, the firm disclosed Thursday. READ MORE>>.

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Morphlabs Partners With Asian Data Center Providers

socalTECH

Manhattan Beach-based Morphlabs , the developer of cloud infrastructure equipment and software headed by Winston Damarillo, said Thursday that it has linked with data center, hosting, and service providers Globe Telecom, Pratesis and Exist Global. All three serve the Southeast Asian market. READ MORE>>.

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CapLinked Raises $525K From PayPal Mafia

socalTECH

Manhattan Beach-based CapLinked , the provider of an online service for managing equity fundraising and investor relationships, has scored a funding round from the "PayPal Mafia", the group of ex-PayPal founders, executives, and employees. CapLinked, which is headed by Eric M. READ MORE>>.

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Morphlabs Raises $5M

socalTECH

Manhattan Beach-based Morphlabs , the developer of cloud computing products headed by Winston Damarillo, announced this morning that it has raised $5M in a Series C funding round. The firm said the funding will go toward deployment in the ASEAN and North American area.