*socaltech.com <http://socaltech.com> TechNews - Tuesday, January 14, 2020* 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 * - Bonfire Ventures Looks To Raise New, $100M Fund <#0079380> - Medsphere Finds $40M For Healthcare IT Software <#0079381> - J2 Global Acquires Two Companies <#0079382> - Airgain Names New CFO <#0079383> - InTouch Health Acquired For $600M <#0079379> - Fifth Wall Ventures Raises Around $3.5M In SPV <#0079378> *Marketplace* - BDO - Southern California Technology Industry Team <#ad737> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Stubbs Alderton & Markiles Preccelerator <#ad694> - Stradling <#ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> - UK Government's Department for International Trade (DIT) <#ad756> *Tuesday, January 14, 2020* *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] *Bonfire Ventures Looks To Raise New, $100M Fund* <http://www.socaltech.com/fullstory/0079380.html> Los Angeles-based venture capital investment fund Bonfire Ventures is looking to raise a new, $100M investment fund, Bonfire Ventures II, L.P., according to a regulatory filing by the firm. According to the filing, the managing directors of the new fund are Jim Andelman, Mark Mullen, and Brett Queener. As expected, no details on the fundraising have been announced or mentioned by the firm. (More... <http://www.socaltech.com/fullstory/0079380.html>) *Medsphere Finds $40M For Healthcare IT Software* <http://www.socaltech.com/fullstory/0079381.html> Carlsbad-based Medsphere Systems, a provider of healthcare information technology and software, has raised $40M in new funding from private equity investor TPG Sixth Street Partners, the company said this morning. The new funds will go towards organic growth as well as "opportunistic strategic acquisitions", according to the company. As part of the funding, Lee Mooney, Principal at TPG Sixth Street Partners, will join Medsphere's board. Medsphere is led by President and CEO Irv Lichtenwald. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=99431>)( More... <http://www.socaltech.com/fullstory/0079381.html>) *J2 Global Acquires Two Companies* <http://www.socaltech.com/fullstory/0079382.html> Los Angeles-based J2 Global, which owns a large portfolio of Internet services and publications, says it acquired two more companies during Q4 of 2019. The company--which is likely the most active acquirer of companies in Southern California's high tech economy--says it acquired FES IQ, a company in the digital media space, and Buffered VPN, a provider of cloud services based in Gibraltar. (More... <http://www.socaltech.com/fullstory/0079382.html>) *Airgain Names New CFO* <http://www.socaltech.com/fullstory/0079383.html> San Diego-based Airgain, which develops high performance wireless antennas, has named David Lyle as the company's new Chief Financial Offier. Lyle was most recently CFO of Sunniva, and also served as CFO of Maxwell Technologies, CFO of Entropic Communications (until it acquisition by MaxLinear), CFO of RF Magic (until it was acquired by Entropic), in addition to serving as CFO of Zyray Wireless and Mobilian, and in finance positions at Intel and Broadcom. (Funding Details <https://www.socaltech.com/intelligence/?action=showperson&id=1126>)(More... <http://www.socaltech.com/fullstory/0079383.html>) *InTouch Health Acquired For $600M* <http://www.socaltech.com/fullstory/0079379.html> Santa Barbara-based InTouch Health, which provides telehealth services and robotic, healthcare products, has been acquired by Teladoc Health, for $600M in a combination of cash and stock, the companies said over the weekend. According to the two, the deal is includes approximately $150M in cash and $450M of Teladoc Health common stock. (More... <http://www.socaltech.com/fullstory/0079379.html>) *Fifth Wall Ventures Raises Around $3.5M In SPV* <http://www.socaltech.com/fullstory/0079378.html> Venice, California-based venture investor Fifth Wall Ventures, which invests in real estate technology, has raised nearly $3.5M in a Special Purpose Vehicle (SPV)--like as part of an investment in another company--according to a regulatory filing from the firm this morning. Fifth Wall Ventures SPV XIX, L.P., is one of a large set of SPVs the firm has created for various investments. Accoridng to the filing, the firm raised $3,459,250 from 8 inestors in the SPV. (More... <http://www.socaltech.com/fullstory/0079378.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 *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] *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 ------------------------------ *Recent Funding <#funding>* 1/14/20 Medsphere Systems <http://www.socaltech.com/intelligence/?action=showdeal&id=99431> Carlsbad $40.00 M 1/10/20 Element Biosciences <http://www.socaltech.com/intelligence/?action=showdeal&id=99345> San Diego $80.00 M 1/09/20 Omniome, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=99344> San Diego $60.00 M 12/17/19 Trust & Will <http://www.socaltech.com/intelligence/?action=showdeal&id=99145> San Diego $6.00 M 12/17/19 ChromaCode, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=99144> Carlsbad $28.00 M 12/11/19 XOKind <http://www.socaltech.com/intelligence/?action=showdeal&id=99036> San Diego $1.60 M 12/11/19 Camino Financial <http://www.socaltech.com/intelligence/?action=showdeal&id=99037> Los Angeles $8.00 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 HMBradley <http://www.socaltech.com/intelligence/?action=showdeal&id=98692> Santa Monica $3.50 M 11/06/19 Valence <http://www.socaltech.com/intelligence/?action=showdeal&id=98693> Los Angeles $2.50 M 11/05/19 Clarify Medical <http://www.socaltech.com/intelligence/?action=showdeal&id=98631> San Diego $18.00 M 11/04/19 BuildOps <http://www.socaltech.com/intelligence/?action=showdeal&id=98630> Santa Monica $5.80 M 11/04/19 Boulevard <http://www.socaltech.com/intelligence/?action=showdeal&id=98629> Santa Monica $11.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html January 14, Santa Monica -- *Preccelerator Workshop: Driving with Data w/ Sari M. Kern* Preccelerator Workshop: Driving with Data w/ Sari M. Kern. All companies generate information from the day-to-day operations. The question is: how can businesses organize and use this data to drive success? This workshop will walk you through the steps of how to use data to inform strategy and make decisions. See http://www.socaltech.com/calendar/eventid/26610 January 16, Santa Monica -- *LA CEOs: Sales - Close More Business and Scale* LA CEOs: Sales - Close More Business and Scale. Start off your year with LA's top tech CEOs and our special guest Carrie Lauby, an LA-based sales expert with over 25 years growing B2B2C SaaS companies. This sponsor supported FREE event is restricted to qualified CEOs & CFOs only. Confirmed RSVP required.. See http://www.socaltech.com/calendar/eventid/26603 January 21, Santa Monica -- *AppSec California 2020 - by OWASP* Join your Information Security and Developer peers on the beach! Training classes start Jan 21, with the keynotes, talks and CTFs starting Jan 23. There will be 4 concurrent break-out sessions throughout both speaker days. The best speakers from around the world have been gathering at AppSec California now for six years. We guarantee you will leave the conference with lots of new knowledge and curiosity. An outdoor reception will allow conference goers to enjoy the ocean breezes as they sip on drinks and munch on appetizers on Jan 23. See http://www.socaltech.com/calendar/eventid/26601 January 25, Pasadena -- *Caltech Entrepreneurs Forum - Entrepreneur Lessons Learned * Caltech Entrepreneurs Forum - Entrepreneur Lessons Learned. The innovation arena is blessed with founders, investors and others ready to share insights. What’s not so often clear is which of the many admonishments was key to a particular venture’s journey. We’ve asked our speakers to include in their presentations examples highlighting oft-overlooked elements of success (or failure). See http://www.socaltech.com/calendar/eventid/26602 January 28, Malibu -- *Startup World Cup - SoCal Regional hosted by LAVA and Pepperdine* Startup World Cup - SoCal Regional hosted by LAVA and Pepperdine. Startup World Cup ("SWC") offers innovation and entrepreneurship opportunities for the startup ecosystem around the world via a global series of startup conferences and competitions that bring together phenomenal startups, VCs, and world-class tech CEOs. Startups worldwide first compete at regional events, and the regional finalists will showcase themselves at the Grand Finale event in San Francisco and compete for a $1m investment prize. Application deadline January 10th. See http://www.socaltech.com/calendar/eventid/26595 January 30, Los Angeles Westside -- *Growth Capital Conference* Growth Capital Conference. Pitch to & Network with Investors: Angels, VCs, High Net Worths, Strategic Partners and 100 entrepreneurs seeking capital & counsel. DEAL DISPLAYtm showcases growing firms needing capital. View products, videos, online demos. Hot Networking Breakfast at 7:00am sharp. See http://www.socaltech.com/calendar/eventid/26594 January 30, Newport Beach -- *Pitch and Learn With Investors* Pitch and Learn With Investors. Pitch and Learn engages and educates entrepreneurs on the art of pitching to investors. Pitch and Learn is meant to engage and educate entrepreneurs on the art of pitching to investors. Every pitching entrepreneur will have the opportunity to pitch their business, receive feedback from seasoned investors and then pitch again using investors’ input. The event is open to anyone to attend however, there are only 20 1-minute pitch tickets and only 4 3-minute pitch tickets available for entrepreneurs to pitch. 1 presenter per company. See http://www.socaltech.com/calendar/eventid/26606 January 30, Newport Beach -- *Pitch and Learn With Investors* Pitch and Learn With Investors. Pitch and Learn is meant to engage and educate entrepreneurs on the art of pitching to investors. Every pitching entrepreneur will have the opportunity to pitch their business, receive feedback from seasoned investors and then pitch again using investors’ input. See http://www.socaltech.com/calendar/eventid/26609 ------------------------------ *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. If you do not want to receive this newsletter go to: http://listserv.socaltech.com/mailman/listinfo/socaltech or email us at [email protected] ------------------------------ Legal Notices ---- While SOCALTECH LLC has used its best efforts in collecting and preparing the information published herein, SOCALTECH LLC does not assume, and hereby disclaims, any liability for any loss or damage caused by errors or omissions, whether such errors or omissions resulted from negligence, accident or other causes. All contents Copyright (c) 2017 SOCALTECH LLC. 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