San Diego Life Sciences Roundup: Evofem, Cullgen, BrainLeap & More

Xconomy

Get the details on these developments and more in San Diego life sciences news: —Evofem Biosciences (NASDAQ: EVFM ) struck a deal to raise up to $80 million in a private placement. The company closed the first $30 million, from Nevada-based investment firm PDL BioPharma (NASDAQ: PDLI ), on Wednesday, with the firm paying a 26.4 Locally based biotech companies receive fresh funding from investors.

Walmart: Turning San Diego Into A Key Technology Center

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When people think Walmart , they don't often think of the retail giant as a technology leader. However, the company's technology team, Walmart Labs (www.walmartlabs.com)--which said this month that it is planning on major growth in San Diego is responsible for the company's key supply chain technology, online e-commerce site, and much more. What exactly does Walmart Labs work on in San Diego? How long has Walmart had an office in San Diego?

Walmart: Turning San Diego Into Its Technology Center

socalTECH

When people think Walmart , they don't often think of the retail giant as a technology leader. However, the company's technology team, Walmart Labs (www.walmartlabs.com)--which said this month that it is planning on major growth in San Diego is responsible for the company's key supply chain technology, online e-commerce site, and much more. What exactly does Walmart Labs work on in San Diego? How long has Walmart had an office in San Diego?

UC San Diego Gets $1M From Arm Of Intellectual Ventures

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The University of San Diego has received $1M from the incubator arm of Intellectual Ventures , the investment fund which was founded by recently deceased Microsoft co-founder Paul G. According to UCSD, the Institute for the Global Entrepreneur received $1M from the Invention Science Fund (ISF), the incubator arm of Intellectual Ventures, and San Diego's Legler Benbough Foundation, to accelerate new startup companies.

San Diego Startup Raises $2.3M to Advance Enzymatic DNA Synthesis

Xconomy

Molecular Assemblies , a San Diego startup developing a new enzymatic method for synthesizing DNA, said today it has raised $2.3 million in a seed financing round.

San Diego Venture Investor Barbara Bry Takes Aim At Mayor's Seat

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San Diego venture investor and entrepreneur Barbara Bry , who co-founded Proflowers.com and several other local technology companies, said on Wednesday that she is running for Mayor of San Diego , in a move to further extend her experience in the technology industry into politics. Bry is married to fellow investor and entrepreneur Neal Senturia, who she co-ran a venture investment firm, Blackbird Ventures with.

Plug and Play San Diego Finds Home in New Downtown Works Space

Xconomy

Plug and Play San Diego has formed a partnership with Downtown Works, a new co-working space in downtown San Diego, which will give the local Plug and Play program a place to call home.

Xconomy Guide to Best Sessions at Startup Week San Diego

Xconomy

Startup Week San Diego, like a lot of other places that host similar events, has been billed as a weeklong celebration of entrepreneurship. This year’s Startup Week also has added five new tracks intended to highlight San Diego’s strengths as a startup ecosystem.

Health IQ Finds $34.6M, Plans San Diego Hiring

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in a Series C funding round, which it said partially go to expanding hiring at its San Diego offices, the company announced on Wednesday. The funding was led by Andreessen Horowitz, and also included include Charles River Ventures, Ribbit Capital, Foundation Capital, First Round Capital, Felicis Ventures and Western Technology Investments. Health IQ has positions in sales and account management listed from its San Diego offices.

Swarm Aims To Rejuvenate San Diego's Software Industry

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It hasn''t been a great few months for San Diego''s software and technology industry, as the city has seen three, big software companies move their operations, and thousands of jobs, to Texas. According to Swarm, although San Diego has seen growth in investments in local software companies, it has been falling behind such cities as Austin and Phoenix, which have been growing much faster. growth investment industry software diego swarm

Big VCs Join Xconomy in San Diego to Discuss Big Data, Big Biology

Xconomy

In the Boston office of GE Ventures, managing director Alex de Winter is overseeing investments in companies like Veracyte, which is applying machine learning to genomic sequencing technology to help doctors distinguish benign growths from cancer.

Xconomy Special Report: 12 San Diego Tech Startup to Watch in 2017

Xconomy

View the Slideshow A little more than a year ago, amid a resurgence in San Diego’s software sector, Xconomy identified a baker’s dozen of local tech companies to watch in 2016. I started with a list of companies already screened by the San Diego Venture Group’s annual venture summit, and consulted with investors and startup mentors to refine the list. million in a Series D round of investment capital, according to founder and chairman Tony Farwell.

San Diego Startups Raise $287M in Third Quarter, and Top 10 Deals

Xconomy

Venture Capital investments in San Diego startups fell by roughly a third during the three months that ended September 30, according to data released recently by Seattle-based PitchBook and the National Venture Capital Association. VC firms invested $280.6 million in 49 startups in San Diego County during the third quarter, according to a breakout of data provided by PitchBook as part of the inaugural “Venture Monitor” report. San Diego. $35

Lasergen, With Office In San Diego, Acquired By Agilent For $105M

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Lasergen , a startup developing technology for the DNA sequencing market--and which has an office in San Diego--has been acquired by Agilent Technologies for $105M, the two said late Tuesday. Agilent already owned a 48 percent ownership stake in Lasergen, as part of an investment it made in March of 2016. Lasergen was founded in 2002, and had its headquarters in Houston, with another location in San Diego: the company has 45 employees.

Anzu Partners, With Offices In San Diego, Raises $128.4M Venture Fund

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Anzu Partners , a venture capital and private equity investors focused on industrial technology with offices in the San Diego area, has quietly raised $128.4M revealed its fund in December, saying it invests in breakthrough industrial technologies, with a focus on manufacturing, materials, monitoring and measurement, and modeling. anzu partners diego venture capital private equity carl eibl enterprise connect lajolla

San Diego Clean Technology CEOs Line Up Against Proposition 23

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The fight over Proposition 23, the California referendum coming to the polls to overturn AB32, has more backers today, from a group of 30 San Diego CEOs. According to The Green Chamber of San Diego County and those CEOs, they are urging San Diegans to vote no on Proposition 23, saying that the effort to repeal the state's Clean Energy Law would be "be harmful at best and devastating at worst" to its business community, neighborhoods, and the California economy.

Close5: eBay's San Diego Move Into The Mobile, Local Market

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So, it''s no surprise that the area--specifically, San Diego--was chosen for the pilot launch of a new service from eBay, called Close5 (www.close5.com), which offers up local, peer-to-peer sales. We spoke with Bart Molenda , Head of Market at eBay Classifieds Group and eBay''s Close5 efforts, on why and how eBay is using San Diego as the spearhead of its move into enabling local transactions in the mobile app era--and taking on Craigslist-all at the same time.

EvoNexus Gets Bank, Investment Firm Backing for Fintech Incubator

Xconomy

Financial firms are facing competition from legacy players and disruptive fintech startups as technology continues to reshape the heavily regulated industry.

Under New Ownership, San Diego’s Ad-Juster Names Dennis Clerke CEO

Xconomy

Ad-Juster, a San Diego adtech startup acquired earlier this year by the investment arm of China’s Innotech International Group, Wednesday named local software entrepreneur Dennis Clerke as CEO. Clerke (a San Diego Xconomist) was previously the CEO of Sunnyvale, CA-based NetSeer, an adtech acquired in February by Inuvo (NYSE: INUV , an advertising technology and digital publishing company based in Little Rock, AR.

Q2 VC Funding Soars in San Diego (After Revisions), and Top 10 Deals

Xconomy

After the national MoneyTree Report was released last week, PricewaterhouseCoopers partner Ryan Spencer said he spent time on a call with Thomson Reuters, which provides the raw data, trying to figure out a change in the numbers for venture capital activity in San Diego. San Diego.

San Diego VC Funding at $426.6M in Third Quarter; Plus Top 10 Deals

Xconomy

The San Diego artificial intelligence company Brain Corp. topped the chart for raising the most venture capital in San Diego during the third quarter that ended September 30, according to Venture Monitor data released Tuesday. In a statement at the time, Brain Corp said it has developed AI technology “to enable robots to perceive their environment, learn to control their motion, and navigate using visual cues and landmarks while avoiding people and obstacles.”

Servier Licenses CureMatch Tech for Custom Cancer Drug Treatments

Xconomy

A global pharmaceutical company based in France has licensed software developed by San Diego digital health startup CureMatch that aims to help cancer doctors customize the combination of drugs they prescribe to patients based on mutations in cancer DNA.

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Apple plans major US expansion including a new $1 billion campus in Austin

TechCrunch LA

Apple has announced a major expansion that will see it open a new campus in North Austin and open new offices in Seattle, San Diego and Los Angeles as it bids to increase its workforce in the U.S. The investment was lauded by Texas Governor Greg Abbott.

San Diego Tech Coast Angels Honor John G. Watson With Memorial Fund

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The San Diego chapter of the Tech Coast Angels , the largest angel investment group in Southern California, as well as the United States, said today that it has established a new, memorial fund, the John G. and was president of Ionian Technologies in San Diego.

BeiGene Puts Up $10M to Use Ambrx’s Drug Development Technology

Xconomy

Chinese pharma company BeiGene has agreed to pay Ambrx $10 million upfront to experiment with technology the biotech has developed in a bid accelerate BeiGene’s search for new protein drugs for cancer treatment.

RiverVest Venture Closes $184M Fund for Backing Healthcare Ventures

Xconomy

Louis, MO-based venture capital firm with additional offices in San Diego, CA, and Cleveland, OH, has raised $184.4 million for its fourth fund dedicated to investing in healthcare companies. RiverVest Venture Partners, a St.

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To Show Off SD Startups, Investors Hit the Road with New TV Show

Xconomy

Now four San Diego, CA-based investors are debuting “VCs in a Van,” a vehicle (no pun intended) meant to spotlight local companies ripe for funding. lu—as they visit a handful of San Diego-based early-stage businesses seeking financing. lu Data Science Institute investment Keshif Ventures Mark Bowles Neil Senturia Outerwall SanDiegoVC Shark Tank Taner Halicioglu Technology Tom Tullie tv UC San Diego UCSD VCs in a Van Wrapify

K5 Brings yCombinator Model Accelerator To Orange and San Diego County

Tech Zulu Event

K5Launch announced a new accelerator program that provides promising technology startups with a three-month intensive accelerator program for entrepreneurs in Southern California. Exciting times in the Southern California tech community.

Trust & Will Raises $2M to Advance Digitization of Estate Planning

Xconomy

The team at Trust & Will, a San Diego-based startup founded in October of 2017, is betting that a good chunk of those people would shell out some money to outline an estate plan if the process were cheaper and easier. [ Updated 9:30 a.m., see below. Roughly half of American adults have no legal document that details how their assets should be distributed when they die.

Finistere Plants Investment Seed in Ireland With $24M Agtech Fund

Xconomy

Arama Kukutai believes that in coming years, Ireland will send the United States and the rest of the world something different: innovative agricultural technologies that help make farms more productive and profitable. To that end, Kukutai’s venture capital firm, Finistere Ventures, is joining with the Ireland Strategic Investment Fund to launch a new 20 million euro ($24 million) fund that will invest in emerging agtech startups in Ireland.

K5 Brings yCombinator Model Accelerator To Orange and San Diego County

Tech Zulu Event

K5Launch announced a new accelerator program that provides promising technology startups with a three-month intensive accelerator program for entrepreneurs in Southern California. Exciting times in the Southern California tech community.

Corza Health Emerges Led by Former NuVasive, GreatCall Executives

Xconomy

A Chicago-based private equity firm has tapped the former head of NuVasive and finance chief of GreatCall to start a new healthcare company in San Diego. Lucier is also making a “substantial” investment in Corza, according to a statement from GTCR on Wednesday.

Healthcare Technology Bubble Concerns Are Likely Overblown

Xconomy

By nearly every measure, 2018 was a banner year for the venture capital industry, particularly in the healthcare technology sector. Over $130 billion of venture capital was invested across all sectors in the U.S. times what was invested a decade ago.

As Unicorns Multiply, Bootstrapped Tech Businesses Holding Steady

Xconomy

Why do unicorns get all the attention? Brian de Haaff wonders this sometimes, especially as compared to his own tech business, Aha. It’s not a “unicorn”—a business with a valuation of more than $1 billion—and it’s not even close. Instead, Aha is a bootstrapped startup. Founded in 2013 by de Haaff and Chris Waters in the Bay Area, the company announced in July it had surpassed $40 million in annual recurring revenue from the subscribers to its software-as-a-service.

Dell Technologies Goes Public About $100M Venture Capital Arm

Xconomy

Austin —Dell Technologies is publicly unveiling a venture capital investment arm that has been quietly investing in startups since the operation was run by EMC, the data storage giant that Dell agreed to acquire for $67 billion in 2015. Called Dell Technologies Capital, the investment arm plans to provide funding to about 20 startups this year, Scott Darling, president of group, told Bloomberg , which first reported the news this morning.