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SpaceX Gets Investment From Legendary Ventures

socalTECH

Hawthorne, California-based rocket and spacecraft developer SpaceX has just closed a Series N funding round, according to investor Legendary Ventures, which invested in the round. Legendary says it invests in consumer, retail and technology companies, including businesses with enterprise values ranging between $1 billion and $100 billion.

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Science37 Seeks $130M More For Clinical Trial Technology, Says Report

socalTECH

Playa Vista-based Science37 , which develops technology to allow pharmaceutical companies to conduct clinical trials at patients' homes, is reportedly raising around $130M in a funding round from Softbank, according to a report this morning. The round, a Series D, appears to value to company at around $300M. READ MORE>>.

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Silicon Beach Report Dec. 5: Hyperloop Transportation Technologies Creates New Venture

L.A. Business Journal

Upfront Ventures leads $14 million MetaCX round; Axiomatic invests in Matcherino; Hyperloop Transportation Technologies links with German port authority.

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Report: Fidelity Writes Down Investment in Snapchat

socalTECH

A report Tuesday in the Financial Times said that investment giant Fidelity has written its investment in Los Angeles-based Snapchat by 25 percent, citing data from a Morningstar report. It's unclear why Fidelity wrote down the value of its investment in the disappearing messaging service. READ MORE>>.

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Life Technologies Hires Investment Bankers, Looks For Buyer

socalTECH

Carlsbad-based Life Technologies said this morning that it has hired two investment banking firms, Deutsche Bank Securities Inc. However, according to a Canadian newspaper, the investment bankers are actually looking to help drum up interest in buyers for the company. READ MORE>>.

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Study: Clean Technology Investments Up In Q3

socalTECH

Investments in U.S., clean technology deals were up in Q3 of 2011, according to a new analysis published by Ernst & Young this week. venture capital investment in cleantech companies increased by 73%, to $1.1 California led the nation in cleantech investment in 2011 with $1,738.2 million in investments.

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Silicon Beach Report June 20: Hyperloop Transportation Technologies Partners With South Korea

L.A. Business Journal

Hyperloop Transportation Technologies Partners with South Korea, AEG invests in e-sports team Immortals, Chinese tech company invests $179 million in Newegg, and more.

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