*socaltech.com <http://socaltech.com> TechNews - Wednesday, December 11, 2019* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News ------------------------------
* Sponsored By * TVC Capital LLC (www.tvccapital.com) Investments and acquisitions of growing software companies. Silicon Valley Bank (http://www.svb.com). Make next happen now. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG ------------------------------ * Headlines * - Interview with Laurence Sotsky, The OIX <#0079262> - XOKind Finds $1.6M For AI Travel Agents <#0079263> - Camino Financial Collects $8M <#0079265> - Napster, Super Hi-Fi In Personalized Music Deal <#0079264> - LA Area Man Charged In $722M Cryptocurrency Fraud <#0079261> - ProducePay Picks Up $205M In Debt <#0079258> *Marketplace* - BDO - Southern California Technology Industry Team <#ad737> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - UK Government's Department for International Trade (DIT) <#ad756> - Facilitated Off-Site Planning for Growth Companies and Venture Firms <#ad753> - Stubbs Alderton & Markiles Preccelerator <#ad694> - Stradling <#ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> *Wednesday, December 11, 2019* * Pacific Western Bank, Venture Banking Group – Brian Weber <http://www.pacwest.com/lending-solutions/venture-lending> * Pacific Western Bank is a commercial bank with over $26 billion in assets and 74 full-service branches located throughout California and one branch in Durham, North Carolina. Our Venture Banking Group offers a comprehensive suite of financial services focused on entrepreneurial businesses and their venture capital and private equity investors. We also offer Community Banking and National Lending services. For more information, visit http://www.pacwest.com/lending-solutions/venture-lending, or send an email to [email protected] *Interview with Laurence Sotsky, The OIX* <http://www.socaltech.com/fullstory/0079262.html> Our interview this morning is with Laurence Sotsky, the CEO of The OIX, a startup providing tax credit and tax incentive management. Sotsky is an experienced entrepreneur, who last founded and led Hopscotch; The OIX is backed by Brett Markinson, the angel investor who has backed such companies as Hautelook and LowerMyBills. WE spoke with Laurence about the startup. ( More... <http://www.socaltech.com/fullstory/0079262.html>) *XOKind Finds $1.6M For AI Travel Agents* <http://www.socaltech.com/fullstory/0079263.html> San Diego-based XOKind, a new startup focused on building artificial intelligence software for the travel market, has raised $1.6M in a seed funding round, and emerged from stealth mode, the company said today. According to XOKind, its funding round was led by Section 32, and alos included angels Adam D'Angelo, Amir Khosrowshahi, Andreas Quandt, Bob Gunderson, Ishan Mukherjee, Naveen Rao and The Operator Network (Avid Larizadeh Duggan, Chuck Dietrich, Frederic Kerrest and Jacques Kerrest). ( Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=61535>)( More... <http://www.socaltech.com/fullstory/0079263.html>) *Camino Financial Collects $8M* <http://www.socaltech.com/fullstory/0079265.html> Los Angeles-based Camino Financial, a fintech startup offering up small business loans to Latinx businesses, announced an $8M funding round this morning, its Series A. According to the company, the funding was led by Credito Real, the Mexican financial services company. As part of that funding, $3M in convertible notes, from DILA Capital, 10x Capital Management, and others, will convert into equity. ( More... <http://www.socaltech.com/fullstory/0079265.html>) *Napster, Super Hi-Fi In Personalized Music Deal* <http://www.socaltech.com/fullstory/0079264.html> Online music streaming service Napster (now owned by Rhapsody International), and Los Angeles-based audio technology developer Super Hi-Fi announced this morning that the two have entered into a partnership, where the two will work together on personalized and branded music. According to the two, they will be connecting Napster's back-end music and audio platform with Super Hi-Fi's front-end integration. Financial details of the partnership deal were not announced. ( More... <http://www.socaltech.com/fullstory/0079264.html>) *LA Area Man Charged In $722M Cryptocurrency Fraud* <http://www.socaltech.com/fullstory/0079261.html> A Los Angeles area man--Joseph Frank Abel, of Camarillo--has been charged, along with three others, in a cryptocurrency fraud scheme that allegedly stole $722 million from investors, according to the U.S. Department of Justice. ( More... <http://www.socaltech.com/fullstory/0079261.html>) *ProducePay Picks Up $205M In Debt* <http://www.socaltech.com/fullstory/0079258.html> Los Angeles-based ProducePay, the venture-backed operator of an online marketplace for produce, has raised a big, $205M debt funding round, from Coventure and TCM Capital, the company said on Tuesday. ProducePay operates a maarketplace which connects produce buyers and sellers, and helping to provide faster payments to farmers. The company, led by CEO Pable Borquez Schwarzbeck, has previously raised venture funding from Anterra Capital. The company raised $14M in a Series B round in 2018. ( More... <http://www.socaltech.com/fullstory/0079258.html>) * BDO - Southern California Technology Industry Team <http://www.bdo.com> * BDO USA, LLP is a professional services firm providing assurance, tax, and advisory services to publicly traded and privately held companies through more than 60 offices domestically and 160 countries globally. Our Southern California technology industry team professionals have deep experience helping online, software, hardware, and cleantech businesses in the local ecosystem to navigate the many issues affecting their businesses and to help them meet their larger strategic goals. Our team provides a wide range of guidance in the key issues effecting technology companies including, M&A advisory, initial public offerings, tax planning and consulting, intellectual property agreements, financial reporting and regulatory compliance matters. For more information, please contact our LA Technology leaders Anthony Ferguson, Tim Clackett, and Kris Kaufmann at [email protected]. http://www.bdo.com * IP Protection for Technology and Business - SoCal IP Law Group LLP <http://www.socalip.com> * Patents. Trademarks. Copyrights. Trade Secrets. IP Filings. IP Strategy. IP Litigation. IP Transactions. US and Worldwide. Offices in Westlake Village and Santa Barbara. [email protected] www.socalip.com * UK Government's Department for International Trade (DIT) <https://www.events.great.gov.uk/ehome/200195057> * The UK is one of the world's fastest-growing tech hubs with more than 60,000 tech companies, 30 industry clusters, and over $14 billion in investment over the last five years. The UK Government's Department for International Trade (DIT) team provides local 1:1 support to companies expanding internationally, helping de-risk market entry with free support services. DIT can provide tailored set-up information, including market research, legal and accounting introductions, recruitment support, policy insight, and partnership-building opportunities. As the #1 destination in Europe for inward investment and tech talent, and home to more fast-growth companies than any other European country, the UK has a lot to offer to US companies. We work with all companies, from start-ups/scale-ups through to the Fortune 500. To find out more about "Why UK," and to work with DIT's LA team, contact us at: https://www.events.great.gov.uk/ehome/200195057 * Facilitated Off-Site Planning for Growth Companies and Venture Firms <http://www.collective-genius.com> * Peak is a facilitated team off-site that empowers growth companies and venture firms to build a Three Year Vision, One Year Plan, and Quarterly OKRs. With the vision and plan set, we provide additional tools to keep the team aligned, accountable and on track. Peak is a collection of best practices Jeff Martin founder of Collective Genius has derived from twenty plus years of experience in founding and operating technology growth companies and venture firms. We are partnered with local and national venture firms and provide portfolio partner discounts. Schedule a Pre-Camp Meeting to Learn More: [email protected] Collective Genius - Off-Site Planning and Recruiting for Growth Companies and Venture Firms - collective-genius.com * Stubbs Alderton & Markiles Preccelerator <http://stubbsalderton.com/preccelerator/> * Accelerating Growth for Early Stage Innovation The Preccelerator® Program is a platform offered to select start-up companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides interim office space, sophisticated legal services, mentorship and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. The Preccelerator® Program provides these benefits to as many as 10 promising young startups in separate growth tracks. http://stubbsalderton.com/preccelerator/ * Stradling <http://www.sycr.com> * Stradling, Attorneys At Law ( href="http://www.sycr.com";>http://www.sycr.com) Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law firm with over 125 attorneys and 10 offices in the western US. The offices are: Newport Beach, Santa Barbara, Santa Monica, San Diego, San Francisco - SOMA, San Francisco - Financial District, Sacramento, Reno, Denver, Seattle. The Firm’s corporate, litigation and public law practices are well known for their expertise and depth. Stradling's clients include emerging and high growth public and private companies as well as private equity funds, venture capital groups and their respective portfolio companies. Widely recognized for its expertise, responsiveness and outstanding client service, the Firm's size, structure, and culture allow it to provide the highest quality representation while maintaining the responsiveness and relationships commonly associated with smaller firms. * Early Stage Commercial Insurance - Pacific Unified Insurance Agency < [email protected]> * We are a commercial insurance broker working with startup and early stage technology and E-Commerce companies to implement cost effective strategies for their insurance and risk management programs. We provide guidance and strategic planning during various phases and also advise regarding employee benefit structures to assist in employee recruiting and retention. Coverage placements include D&O, Property, Liability, Workers Comp, E&O, Cyber/Network Security and Employee Benefit Programs. Contact: John Huttinger, CIC, CRM Vice President Ph#310-370-5000 Ext 3025 w Fx 310-370-5454 [email protected] ------------------------------ * Recent Funding <#funding> * 12/11/19 XOKind <http://www.socaltech.com/intelligence/?action=showdeal&id=99036> San Diego $1.60 M 11/20/19 Mythical Games <http://www.socaltech.com/intelligence/?action=showdeal&id=98807> Sherman Oaks $19.00 M 11/13/19 Avidity Biosciences <http://www.socaltech.com/intelligence/?action=showdeal&id=98748> La Jolla $100.00 M 11/06/19 Valence <http://www.socaltech.com/intelligence/?action=showdeal&id=98693> Los Angeles $2.50 M 11/06/19 HMBradley <http://www.socaltech.com/intelligence/?action=showdeal&id=98692> Santa Monica $3.50 M 11/05/19 Clarify Medical <http://www.socaltech.com/intelligence/?action=showdeal&id=98631> San Diego $18.00 M 11/04/19 Boulevard <http://www.socaltech.com/intelligence/?action=showdeal&id=98629> Santa Monica $11.00 M 11/04/19 BuildOps <http://www.socaltech.com/intelligence/?action=showdeal&id=98630> Santa Monica $5.80 M 10/31/19 AutoVitals, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=98799> Santa Barbara $0.00 M 10/29/19 Scopely <http://www.socaltech.com/intelligence/?action=showdeal&id=98626> Culver City $200.00 M 10/23/19 LegalMation <http://www.socaltech.com/intelligence/?action=showdeal&id=98616> Los Angeles $0.00 M 10/17/19 Invoca <http://www.socaltech.com/intelligence/?action=showdeal&id=98518> Santa Barbara $56.00 M 10/16/19 Labrador Systems <http://www.socaltech.com/intelligence/?action=showdeal&id=98517> Oak Park $2.00 M 10/03/19 X1 Discovery <http://www.socaltech.com/intelligence/?action=showdeal&id=98441> Pasadena $5.10 M ------------------------------ * Upcoming Events * Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html December 12, Hollywood -- *LAVA Holiday Party and Global LAVA Relaunch * LAVA Holiday Party and Global LAVA Relaunch. LAVA Holiday Party and Global LAVA Relaunch! Join us for a celebration of the season and the success of 2019! A special Holiday Party and relaunch of Global LAVA. Special Venue is Delair Studios in Hollywood. Come visit with LAVA members and Friends. Also featured is the Delair Studio Screening Room and a special screening using a new cinematic projection and audio system. See http://www.socaltech.com/calendar/eventid/26599 December 17, Santa Monica -- *Preccelerator Workshop: Term Sheets w/ Caroline Cherkassky & Kelly Laffey * Preccelerator Workshop: Term Sheets w/ Caroline Cherkassky & Kelly Laffey. Topics that will be covered include: Type of financing: convertible notes vs SAFEs vs priced equity rounds Convertible notes and SAFEs: caps, discounts, and other key terms Priced equity rounds: economic provisions, voting rights, and other key terms. See http://www.socaltech.com/calendar/eventid/26592 ------------------------------ * Recent Job Postings * More jobs at http://www.socaltech.com/Jobs ------------------------------ ------------------------------ * Sponsored By * TVC Capital LLC (www.tvccapital.com) Investments and acquisitions of growing software companies. Silicon Valley Bank (http://www.svb.com). Make next happen now. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG Email [email protected] for more information about sponsoring this newsletter. ------------------------------ You are receiving this email because you subscribed to the socalTECH.com TechNews from our web site, or otherwise requested a subscription. 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