socaltech.com TechNews - Wednesday, July 20, 2016

Benjamin F. Kuo Wed, 20 Jul 2016 06:23:06 -0700

socaltech.com TechNews - Wednesday, July 20, 2016
Edited by Benjamin F. Kuo
ISSN: 1524-6736
http://www.socaltech.com/News
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--Dollar Shave Club Acquired For $1 Billion By Unilever
--SpaceX Dragon Succesfully Docks With ISS
--Synthorx Raises $10M
--LA Startup To Broadcast Live Surgery In VR
--Versant Ventures Chalks Up An IPO At Audentes Therapeutics
--Hyperloop One Countersues BamBrogan For $250M
--Snapchat Confirms Acquisition Of Bitmoji
--RadPad Links With DocuSign For Electronic Lease Agreements
--Incipio Gets Early Approval From FTC On Skullcandy Buy

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Dollar Shave Club Acquired For $1 Billion By Unilever
----
In another, stunning exit for Southern California's technology startup
community, Los Angeles-based Dollar Shave Club has been acquired from
a reported $1 billion by Unilever. Dollar Shave Club operates a
subscription, razor and toiletries accessory business targeted at men.
Unliver did not disclose terms of the deal, but said the deal is
expected to close in Q3. The deal is a huge win for Southern
California's e-commerce and subscription market. Dollar Shave Club was
venture backed by Andreessen Horowitz, Battery Ventures, Comcast
Ventures, Dragoneer Investment, Felicis Ventures, Forerunner Ventures,
Kleiner Perkins Caufield and Byers, New World Ventures, Science Inc.,
Shasta Ventures, Technology Crossover Ventures, and Venrock
Associates. (More...)

http://www.socaltech.com/dollar_shave_club_acquired_for__billion_by_unilever/s-0066305.html

SpaceX Dragon Succesfully Docks With ISS
----
The latest SpaceX mission to the International Space Station has
successfully docked with the International Space Station this morning,
as it made the final leg of its journey to the ISS after a successful
launch early Monday. According to NASA, Expedition 48 Commander Jeff
Williams and NASA Flight Engineer Kate Rubins successfully captured
the Dragon spacecraft at 6:56 a.m., and is now working on installation
of the Dragon to offload cargo from the vehicle to the space station.
NASA plans to open the hatch on the SpaceX Harmony module on Thursday.

Synthorx Raises $10M
----
San Diego-based Synthorx, a developer of protein therapeutics
technology, said it has raised $10M in a Series B financing this
morning. The funding was led by RA Capital Management, and also
included Avalon Ventures and Correlation Ventures. RA Capital
Management's Andrew Levin joins the company's board with the funding.
Synthorx is focused on developing synthetic biology techniques for
producing proteins that cannot be made through traditional methods.
The company's technology is based on research from The Scripps
Research Institute.
http://www.socaltech.com/intelligence/?action=showdeal&id=75858

LA Startup To Broadcast Live Surgery In VR
----
Los Angeles-based GIBLIB, a startup multi-channel-network (MCN)
focused on surgery content, said it will be broadcasting a live,
public stream of a hernia surgery in virtual reality next week.
According to GIBLIB, it will broadcast a 360 degree virtual reality
view of a surgery being conducted in Beverly Hills in 4K video. The
company said the livestream will be available to the public, although
the startup said the purpose of its site is for doctors to share
videos of their surgeries to help educate their peers about new
techniques and best practices. GIBLIB is using a camera from 360fly
for the VR broadcast, Livit is providing the live streaming
infrastructure, and the event even has a branding sponsor, medical
scrubs maker FIGS.
http://www.socaltech.com/la_startup_to_broadcast_live_surgery_in_vr/s-0066302.html

Versant Ventures Chalks Up An IPO At Audentes Therapeutics
----
Newport Beach-based venture capital ‌investor Versant Ventures can
chalk up another IPO this morning, as portfolio company Audentes
Therapeutics heads to the NASDAQ Global Market as BOLD. Audentes
priced at the midpoint of its earlier, estimate IPO range of $14.00 to
$16.00 per share. Versant Ventures had owned 11.1 percent of Audentes
Therapeutics before its IPO. Audentes is based in San Francisco.

Hyperloop One Countersues BamBrogan For $250M
----
Los Angeles-based Hyperloop One, the high flying startup which has
been working on high speed, tube-based transportation systems first
envisioned by Elon Musk, has countersued former founder and executive
Brogan BamBrogan, for launching a "smear campaign" against the
company. Hyperloop One is seeking $250M in damages from BamBrogan.
Hyperloop One saw a flurry of negative press over the structure of the
company and control of the firm by venture capitalist Shervin
Pishevar, including an
http://www.socaltech.com/hyperloop_one_countersues_bambrogan_for____m/s-0066298.html

Snapchat Confirms Acquisition Of Bitmoji
----
Venice-based Snapchat has confirmed its acquisition of Bitmoji, the
developer of software which lets people create their own, personalized
"emoji", which they can insert into Snapchat. The company--which
announced the deal via a comic strip on Tuesday--said Bitmoji's team
has joined Snapchat as part of the deal. Snapchat reported paid around
$100M for Bitmoji's parent company, Bitstrips.
http://www.socaltech.com/snapchat_confirms_acquisition_of_bitmoji/s-0066297.html

RadPad Links With DocuSign For Electronic Lease Agreements
----
Los Angeles-based rental marketplace RadPad, which is backed by
Altpoint Ventures, Goldcrest Investments and AmplifyLA, said today
that it has linked up with DocuSign to simplify the process of
apartment rentals. The company said it now lets landlords and renters
electronically execute leases. RadPad--led by Jonathan Eppers--now
allows landlords to handle everything from listing apartments and
homes, to qualifying tenant applications, signing leases, and event
accepting debit and credit card payments. DocuSign is a major provider
of electronic signature and document software. RadPad says it is the
first, online rental marketplace with the ability to let landlords and
renters electronically execute leases.

Incipio Gets Early Approval From FTC On Skullcandy Buy
----
Irvine-based Incipio said Tuesday that the FTC has granted it early
termination of the waiting period required by the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, on its acquisition of fellow
electronics accessory maker ,a
href="http://www.skullcandy.com";>Skullcandy. Incipio and Skullcandy
said in June that Incipio would pay approximately $177M for
Skullcandy, or $5.75 per share in cash. Both Incipio and Skullcandy
make electronic accessories, including earbuds, headphones, mobile
phone cases, and more.

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