*socaltech.com <http://socaltech.com> TechNews - Tuesday, February 4, 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. Pacific Western Bank, Venture Banking Group (http://www.pacwest.com/lending-solutions/venture-lending) 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 * - ecoATM Gets New Investor <#0079470> - Plex Pharmaceuticals Finds $600K SBIR Grant <#0079472> - FuelRod Expands Mobile Charging To SeaTac <#0079471> - Cornerstone Payment Systems Buys Move Your Mountain <#0079469> - Scopely Partners With Hasbro, Mattel On Scrabble Game <#0079468> - Hulu CEO Freer Steps Down <#0079467> *Marketplace* - UK Government's Department for International Trade (DIT) <#ad756> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Tuesday, February 4, 2020* *From Idea to IPO - KPMG’s Emerging Growth Practice < [email protected]>* KPMG provides Bookkeeping, Audit, Tax, and Advisory services to assist you at any stage of your life cycle. Whether you are starting your business, strengthening your business, expanding into new markets, or pursuing an exit, we have a global network of experienced resources that can take you to the next level. For more information, please contact Ryan Youhan at [email protected]. *ecoATM Gets New Investor* <http://www.socaltech.com/fullstory/0079470.html> San Diego-based ecoATM, which develops automated kiosks for smartphone and other electronics trade-ins, said this morning that Cowen Sustainable Advisors has agreed to acquired a "significant minority stake" in the company, for $200M. According to ecoATM, Cowen Sustainable Advisors acquires the stake from Apollo Funds, which are managed by affiliates of Apollo Global Management, the company's majority owner. Apollo Funds remains the majority owner of ecoATM. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=24450>)(More... <http://www.socaltech.com/fullstory/0079470.html>) *Plex Pharmaceuticals Finds $600K SBIR Grant* <http://www.socaltech.com/fullstory/0079472.html> San Diego-based Plex Pharmaceuticals, which is developing antiviral drugs, says it has been awarded a $600,000 Phase I Small Business Innovation Research (SBIR) grant, specifically to develop antiviral drug candidates for the treatment of Dengue (DENV) fever, West Nile Virus (WNV) and Zika Virus (ZKV) infections. The grant came from the National Institute of Allergy and Infectious Diseases (NIAID) of the National Institutes of Health (NIH). (More... <http://www.socaltech.com/fullstory/0079472.html>) *FuelRod Expands Mobile Charging To SeaTac* <http://www.socaltech.com/fullstory/0079471.html> San Diego-based Tricopian, which operates the FuelRod mobile smartphone and tablet charging service, says it has expanded to Seattle-Tacoma International Airport (SEA). The company said the airport is the first for the company in the Pacific Northwest. The company says its service revolves around a "charge on the go" model which lets users pick up battery packs at kiosks, and turn them in for freshly charged battery packs at its various kiosks as they travel. (More... <http://www.socaltech.com/fullstory/0079471.html>) *Cornerstone Payment Systems Buys Move Your Mountain* <http://www.socaltech.com/fullstory/0079469.html> Move Your Mountain, an online crowd-funding site which competes against GoFundMe, has been acquired by Tustin-based Cornerstone Payment Systems, Cornerstone said. Financial terms of the acquisition were not announced. Cornerstone Payment Systems is a independent sales organization in the merchant processing industry. (More... <http://www.socaltech.com/fullstory/0079469.html>) *Scopely Partners With Hasbro, Mattel On Scrabble Game* <http://www.socaltech.com/fullstory/0079468.html> Los Angeles-based *Scopely <http://www.scopely.com>* said this weekend that it has partnered with *Hasbro <http://www.hasbro.com>* and *Mattel <http://www.mattel.com>*, to launch a new mobile game based on *Scrabble*. According to the company, its new mobile game, *Scrabble Go* will run on both Android and iOS. The new title was developed with game studio PierPlay.(More... <http://www.socaltech.com/fullstory/0079468.html>) *Hulu CEO Freer Steps Down* <http://www.socaltech.com/fullstory/0079467.html> The CEO of Los Angeles-based *Hulu <http://www.hulu.com>*, Randy Freer, is stepping down from heading up the company, Disney said late Friday. Freer had been CEO since October of 2017. The move comes as a restructuring by Disney, as it continues to shuffle its business after its acquisition of 21st Century Fox. As a result of the shuffle, Hulu will now being managed as part of Disney's Direct to Consumer and International business, according to Disney.(More... <http://www.socaltech.com/fullstory/0079467.html>) *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 *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 *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 ------------------------------ *Recent Funding <#funding>* 1/27/20 ProGuides <http://www.socaltech.com/intelligence/?action=showdeal&id=99517> Los Angeles $5.00 M 1/24/20 Crexi <http://www.socaltech.com/intelligence/?action=showdeal&id=99516> Venice $29.00 M 1/21/20 FloQast <http://www.socaltech.com/intelligence/?action=showdeal&id=99512> Los Angeles $40.00 M 1/17/20 Homebound <http://www.socaltech.com/intelligence/?action=showdeal&id=99505> Malibu $35.00 M 1/16/20 SPINLAUNCH INC. <http://www.socaltech.com/intelligence/?action=showdeal&id=99504> Long Beach $35.00 M 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 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html February 26, Irvine -- *SoCal Startup Day* SoCal Startup Day. We are proud to announce the first annual SoCal Startup Day. We will have a jam packed day of festivities, exhibitors, investors, keynotes, fireside chats, activites, food trucks & cocktails, and the biggest startup event Orange County has ever seen! If you are looking to network and connect with Southern California's top startups, seeking funding, or just curious about the startup community, this is the event for you. See http://www.socaltech.com/calendar/eventid/26607 ------------------------------ *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. 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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