*socaltech.com <http://socaltech.com> TechNews - Monday, February 24, 2020* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News ------------------------------
*Sponsored By * 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 * - Surf Air Acquires BlackBird Marketplace <#0079556> - Arima Genomics Finds Series A Funding <#0079554> - esVolta Gets $140M In Credit Facility For Utility Scale Battery Storage <#0079555> - biproxi Buys OfficeSpace.com <#0079557> - SpaceX Seeking Another $250M <#0079553> - AEG, Fuelster To Offer On-Demand Fueling At Staples Center, L.A. Live <#0079552> - Liquid Death Takes $9M In Series A <#0079551> - Brace Picks Up $10M For Mortgage Serving Software <#0079549> *Marketplace* - UK Government's Department for International Trade (DIT) <#ad756> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Stubbs Alderton & Markiles Preccelerator <#ad694> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Monday, February 24, 2020* *Recurring Revenue Conference - April 28 & 29 - Marina Del Rey <https://www.recurringrevenueconference.com/>* Recurring Revenue Conference - April 28 & 29 - Marina Del Rey WHAT YOU'LL DISCOVER • Why investors continue to pay premium prices for companies with subscription revenue models • How leaders of successful subscription-based businesses are managing explosive growth • Why building/optimizing ongoing customer relationships is the lifeblood of subscription businesses • How to reduce Customer Acquisition Cost (CAC) while maintaining steady growth • How to increase customer lifetime value (LTV) Register today! https://www.recurringrevenueconference.com/ • Key insights to avoiding churn before it happens https://www.recurringrevenueconference.com/ *Surf Air Acquires BlackBird Marketplace* <http://www.socaltech.com/fullstory/0079556.html> Los Angeles-based Surf Air, which provides scheduled, short-haul flights in California and Texas via a membership-based service, has acquired San Francisco-based aviation marketplace provider BlackBird. Financial terms of the buy were not announced. According to Surf Air, it will use the acquisition to create a new company, called Surf Air Mobility Corporation, which it says will focus on making "flying a viable alternative to commercial airlines and driving on short routes. (More... <http://www.socaltech.com/fullstory/0079556.html>) *Arima Genomics Finds Series A Funding* <http://www.socaltech.com/fullstory/0079554.html> San Diego-based Arima Genomics, a startup working on research tools for understanding genome sequence and structure, said this morning that it has raised a Series A funding round. Size of the funding was not announced. THe funding was led by Agilent Technologies and Cowin Venture, and also included Vectr Ventures and Berkeley Catalyst Fund. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=61989>)( More... <http://www.socaltech.com/fullstory/0079554.html>) *esVolta Gets $140M In Credit Facility For Utility Scale Battery Storage* <http://www.socaltech.com/fullstory/0079555.html> Aliso Viejo-based esVolta, a developer, owner and operator of utility-scale energy storage projects, says it has received $140M in a senior secured credit facility, to finance its utility-scale battery storage projects. According to the company, the $140M credit facility came from CIT's Power and Energy business, and also included Siemens Financial Services (SFS), CoBank, ACB, and KeyBanc Capital Markets . (More... <http://www.socaltech.com/fullstory/0079555.html>) *biproxi Buys OfficeSpace.com* <http://www.socaltech.com/fullstory/0079557.html> San Diego-based commercial real estate marketplace biproxi said this morning that it has acquired OfficeSpace.com, an online commercial real estate marketplace that connects tenants and buyers with brokers. Financial terms of the buy were not announced. Biproxi said it will use that acquisition to consolidate all of its commercial real estate (CRE) data and listings on the OfficeSpace.com website. The firm says that OfficeSpace. ( More... <http://www.socaltech.com/fullstory/0079557.html>) *SpaceX Seeking Another $250M* <http://www.socaltech.com/fullstory/0079553.html> Hawthorne-based *SpaceX <http://www.spacex.com>*, led by Elon Musk, is seeking another $250M in funding, which would value SpaceX at an astounding $36 billion. According to <https://www.cnbc.com/2020/02/21/spacex-raising-250-million-elon-musks-company-valuation-36-billion.html> CNBC, the funding will go towards the Crew Dragon, Starlink, and Starship. CNBC said that SpaceX raised $1.33 billion in 2019.(More... <http://www.socaltech.com/fullstory/0079553.html>) *AEG, Fuelster To Offer On-Demand Fueling At Staples Center, L.A. Live* <http://www.socaltech.com/fullstory/0079552.html> Los Angeles-based sports and entertainment venue operator AEG, and on-demand, mobile fueling provider Fuelster Technologies, which is based in Porter Ranch, said this week that the two are in a new partnership where Fuelster will offer up on-demand mobile fuel delivery to fans at Staples Center and L.A. Live. Financial details of the partnership were not announced. According to the two, Fuelster becomes an official partner of L.A. (More... <http://www.socaltech.com/fullstory/0079552.html>) *Liquid Death Takes $9M In Series A* <http://www.socaltech.com/fullstory/0079551.html> Los Angeles-based Liquid Death, the canned water brand backed by Science, Inc., has raised $9M in a Series A funding, as the company continues to expand distribution of its products. The company--known as much for the way it markets its products as the product itself--said the funding was led by Velvet Sea Ventures, and also included Jamie Siminoff (founder of Ring), Jake Strom and Blake Mycoskie (TOMS), Sophia Amoruso (GirlBoss), and Nick Green (Thrive Market). Science Inc. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=99802> )(More... <http://www.socaltech.com/fullstory/0079551.html>) *Brace Picks Up $10M For Mortgage Serving Software* <http://www.socaltech.com/fullstory/0079549.html> Santa Monica-based Brace, a startup developing software to automate mortgage servicing, has raised $10M in a Series A funding round, according to the company. The funding was led by Point72 Ventures, and also included Crosslink Capital. Brace said the new funding brings its total raised to $15M. The new funds will go towards expansion of its platform and technology. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=61976>)( More... <http://www.socaltech.com/fullstory/0079549.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 *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]. *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 *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/ *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>* 2/21/20 Brace <http://www.socaltech.com/intelligence/?action=showdeal&id=99803> Santa Monica $10.00 M 2/20/20 Cloudbreak Health, LLC <http://www.socaltech.com/intelligence/?action=showdeal&id=99732> El Segundo $10.00 M 2/20/20 SmartBug Media <http://www.socaltech.com/intelligence/?action=showdeal&id=99733> Irvine $0.00 M 2/20/20 Liquid Death <http://www.socaltech.com/intelligence/?action=showdeal&id=99802> Santa Monica $9.00 M 2/19/20 Digital Motors <http://www.socaltech.com/intelligence/?action=showdeal&id=99731> Irvine $0.00 M 2/18/20 Open Raven <http://www.socaltech.com/intelligence/?action=showdeal&id=99721> Marina Del Rey $4.10 M 2/13/20 Seqster <http://www.socaltech.com/intelligence/?action=showdeal&id=99719> San Diego $0.00 M 2/13/20 GumGum <http://www.socaltech.com/intelligence/?action=showdeal&id=99720> Santa Monica $22.00 M 2/12/20 HEADSPACE, INC. <http://www.socaltech.com/intelligence/?action=showdeal&id=99703> Santa Monica $53.00 M 2/10/20 JenaValve Technology Inc <http://www.socaltech.com/intelligence/?action=showdeal&id=99680> Irvine $50.00 M 2/05/20 Gento <http://www.socaltech.com/intelligence/?action=showdeal&id=99607> Los Angeles $5.00 M 2/05/20 NGD Systems <http://www.socaltech.com/intelligence/?action=showdeal&id=99605> Irvine $20.00 M 2/05/20 HopSkipDrive <http://www.socaltech.com/intelligence/?action=showdeal&id=99606> South Pasadena $22.00 M 2/04/20 Retina <http://www.socaltech.com/intelligence/?action=showdeal&id=99543> Santa Monica $2.50 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 March 4, Santa Monica -- *The Montgomery Summit* Montgomery Summit 2020. The Montgomery Summit is an invitation-only event that gathers leading entrepreneurs, venture and growth investors, institutional investors, and industry executives from around the world. The Montgomery Summit has been held annually since 2004, and it has grown into the country’s largest private company investment conference, annually featuring presentations from the CEOs of 150 exceptional private companies, world-class keynote speakers and engaging panels and discussions. See http://www.socaltech.com/calendar/eventid/26613 March 5, Pasadena -- *SCALE 18x* SCALE is North America's leading open source community conference. Held annually in the greater Los Angeles area the conference draws over 3500 attendees from around the globe. See http://www.socaltech.com/calendar/eventid/26575 March 5, Santa Monica -- *The Montgomery Summit* Montgomery Summit 2020. The Montgomery Summit is an invitation-only event that gathers leading entrepreneurs, venture and growth investors, institutional investors, and industry executives from around the world. The Montgomery Summit has been held annually since 2004, and it has grown into the country’s largest private company investment conference, annually featuring presentations from the CEOs of 150 exceptional private companies, world-class keynote speakers and engaging panels and discussions. See http://www.socaltech.com/calendar/eventid/26614 March 23, Los Angeles -- *Digital Summit LA* Digital Summit LA. Come experience the most impactful offering of digital marketing tips, strategies, and best practices, while networking with over 1000+ marketing professionals just like you. See http://www.socaltech.com/calendar/eventid/26611 ------------------------------ *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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