*socaltech.com <http://socaltech.com> TechNews - Thursday, January 16, 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 * - March Capital Partners Leads $32M Investment In ActionIQ <#0079395> - Emburse Swallows Up Chrome River, Launches New Unified Company <#0079393> - Tyra Biosciences Takes $50M For Oncology Drugs <#0079394> - Califia Farms Finds $225M More For Plant-Based Beverages <#0079392> - Pepper Financial Gets $5.6M For Business Management Software <#0079391> - H2scan Raises $13.5M More <#0079387> *Marketplace* - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Pacific Western Bank, Venture Banking Group – Brian Weber <#ad749> - BDO - Southern California Technology Industry Team <#ad737> - Stubbs Alderton & Markiles Preccelerator <#ad694> *Thursday, January 16, 2020* *Valley Happy Hour with the British Consulate <https://www.eventbrite.com/e/valley-happy-hour-with-the-british-consulate-tickets-87176111095>* We are pleased to announce a series of regular happy hours in locations around Southern California, starting in the San Fernando Valley at The Sherman. Come, network, and enjoy light appetizers and drinks on us. We are excited to connect with our good friends and partners based in the Valley, and to meet new ones. Please feel free to bring a guest from the local business community — we only ask that you RSVP for them as well as yourself. Of course, we will be happy to talk about our work or the UK’s many business opportunities. Register today! https://www.eventbrite.com/e/valley-happy-hour-with-the-british-consulate-tickets-87176111095 *March Capital Partners Leads $32M Investment In ActionIQ* <http://www.socaltech.com/fullstory/0079395.html> Los Angeles-based March Capital Partners is the lead investor in a big, $32M funding round for ActionIQ, a startup which provides personalization software to enterprise customers. ActionIQ said this week that it raised $32M in its Series C funding, which was led by March Capital Partners, and also included Sequoia Capital, Andreessen Horowitz, and FirstMark Capital. As part of the funding, March Capital's Meredith Finn, a Partner at the firm, will join ActionIQ's board. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=99157> )(More... <http://www.socaltech.com/fullstory/0079395.html>) *Emburse Swallows Up Chrome River, Launches New Unified Company* <http://www.socaltech.com/fullstory/0079393.html> A new, Los Angeles-based company, Emburse, launched today, out of the acquisition of six different expense and accounts payable (AP) automation companies, including LA-based Chrome River. Emburse said this morning that it has created a single, unified entity, emcompassing companies Abacus, Captio, Certify, Chrome River, Nexonia, and Tallie. All of those companies had provided some aspect of expense management. Chrome River acquired Emburse back in July of 2019. (More... <http://www.socaltech.com/fullstory/0079393.html>) *Tyra Biosciences Takes $50M For Oncology Drugs* <http://www.socaltech.com/fullstory/0079394.html> Carlsbad-based Tyra Biosciences, a new startup developing therapies targeting acquires resistance in oncology, has raised $50M in its Series A funding, the company said last week. The round was o-led by Alta Partners, RA Capital Management, Boxer Capital of Tavistock Group, and Canaan. The company said it is aiming to develop very specific compounds targeting drug resistant cancer cells and populations. (More... <http://www.socaltech.com/fullstory/0079394.html>) *Califia Farms Finds $225M More For Plant-Based Beverages* <http://www.socaltech.com/fullstory/0079392.html> Los Angeles-based Califia Farms, which makes oat milk; probiotic, plant-based yogurt; almond milk; and other plant-based beverages, said on Wednesday that it has raised $225M more in a funding round. The Series D funding for the company was led by Qatar Investment Authority, and also included Temasek, Claridge, Green Monday Ventures, plus an un-named family office from Latin America from the coffee and consumer products industry. Califia Farms is led by founder and CEO Greg Steltenpohl. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=99434> )(More... <http://www.socaltech.com/fullstory/0079392.html>) *Pepper Financial Gets $5.6M For Business Management Software* <http://www.socaltech.com/fullstory/0079391.html> Los Angeles-based Pepper Financial, a startup led by startup veteran James Borow, recently raised $5.6M to bring better financial management to businesses. The firm said over the holidays that it had raised $5.6M in a seed funding, which was led by Mark Suster at Upfront Ventures, and which also included Lerer Hippeau, Manta Ray, and angels. The company said it is creating a "new set of tools" to help businesses grow smarter. (More... <http://www.socaltech.com/fullstory/0079391.html>) *H2scan Raises $13.5M More* <http://www.socaltech.com/fullstory/0079387.html> Valencia-based H2scan, which develops hydrogen sensors and related technology for the utility and industrial market, has raised $13.5M in new funding, split between a $10.5M, equity funding and an additional $3M in venture debt. According to H2scan, the equity financing was a Series E, and came from Energy Growth Momentum, an UK-based private equity investor. The venture debt round came from El Dorado Investment Company/Pinnacle West Capital Corporation. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=99432> )(More... <http://www.socaltech.com/fullstory/0079387.html>) *Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <https://www.bestronics.com>* Are the great ideas stacking up faster than your engineering resources can handle? Your company needs a reliable resource of analog/digital and software engineers to understand your issues, define the problem statements and lay out a course of action to output hardware products ready for integration into your system. Our unique capabilities, used by many in the medical, scientific, military and aerospace industries, allow us to offer engineering services that result in deliverable, production ready subsystems so you can concentrate on targeting your customer base and not stressing about the right mix and numbers of engineering talent needed to see your vision become reality. Contact us at http://www.bestronics.com *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] *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 *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/ ------------------------------ *Recent Funding <#funding>* 1/15/20 Califia Farms <http://www.socaltech.com/intelligence/?action=showdeal&id=99434> Los Angeles $225.00 M 1/15/20 H2Scan <http://www.socaltech.com/intelligence/?action=showdeal&id=99432> Unit A Valencia $10.50 M 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 ChromaCode, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=99144> Carlsbad $28.00 M 12/17/19 Trust & Will <http://www.socaltech.com/intelligence/?action=showdeal&id=99145> San Diego $6.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
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