*socaltech.com <http://socaltech.com> TechNews - Tuesday, May 5, 2020* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://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 * - Postal.io Raises $9M <#0079820> - Orca Security Finds $20M <#0079819> - Toba Capital Leads $4.95M Investment In Clear Skye <#0079821> - Applied Business Software Names COO <#0079822> - Elon Musk Looks To Sell Both LA Homes <#0079818> - Platinum Fortune Acquires UK Video Game Developer Jagex <#0079815> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Facilitated Off-Site Planning for Growth Companies and Venture Firms <#ad753> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Tuesday, May 5, 2020* *Resources For UK Companies and Investors Impacted By Coronavirus <https://www.businesssupport.gov.uk/coronavirus-business-support/>* If you are a UK company, or an investor in the UK, and the Coronavirus is affecting your business: https://www.businesssupport.gov.uk/coronavirus-business-support/ If you have a UK registered business this is the primary source of information regarding the British Governments response and how to access that support. This includes employee furlough support, the large business loan scheme, corporate financing facility, HMRC’s ‘Time to Pay’ tax service, and VAT deferral. >From UK Government's Department for International Trade (DIT) *Postal.io Raises $9M* <https://www.socaltech.com/fullstory/0079820.html> San Luis Obispo-based Postal.io, a developer of software used to improve offline conversion rates with automated direct mail, corporate gifting and charitable giving, has raised $9M in its Series A funding. The funding was led by Mayfield. According to the startup, it helps scale direct mail workflows for sales and marketing. The company's founders are Erik Kostelnik and Jed Danner. As part of the funding, Mayfield has added Partner Rajeev Batra to Postal.io's board of directors. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=62120>)( More... <https://www.socaltech.com/fullstory/0079820.html>) *Orca Security Finds $20M* <https://www.socaltech.com/fullstory/0079819.html> Los Angeles-based Orca Security, a startup focused on cloud security, announced this morning that it has raised $20M in a Series A funding round, led by GGV Capital and also included YL Ventures and SVCI (Silicon Valley CISO Investments). The startup says it was foudned by a group of former Check Point executives and architects. The startup's CEO is Avi Shua who is the former Chief Technologist at Check Point Software Technologies. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=62118>)( More... <https://www.socaltech.com/fullstory/0079819.html>) *Toba Capital Leads $4.95M Investment In Clear Skye* <https://www.socaltech.com/fullstory/0079821.html> Newport Beach-based Toba Capital, the venture investment firm founded by Vinny Smith, is the lead investor in Emeryville, California-based Clear Skye, a developer of identity governance and administration software. According to Clear Skye, it raised $4.95M in a Series A funding round, which was led by Toba Capital, and also included Inner Loop Capital and ServiceNow Ventures. As part of the funding, Rajan Aggarwal, Partner at Toba Capital, will join the company's board of directors. (More... <https://www.socaltech.com/fullstory/0079821.html>) *Applied Business Software Names COO* <https://www.socaltech.com/fullstory/0079822.html> Long Beach-based *Applied Business Software <http://www.themortgageoffice.com>*, a developer of software for loan servicing and origination in the mortgage industry, said today that it has named Jasen Portero as its Chief Operations Officer. Portero has been the company's Vice President of Development for the last 12 years. Applied Business Software said Portero previously served at such companies as Universal Music Group, WellPoint, Warner Bros., and Evite.(More... <https://www.socaltech.com/fullstory/0079822.html>) *Elon Musk Looks To Sell Both LA Homes* <https://www.socaltech.com/fullstory/0079818.html> Elon Musk, the founder of Hawthorne-based SpaceX, is apparently selling all of his real estate--including two Los Angeles homes, saying that he is selling all his physical possessions. Musk is selling one of his homes in LA for $30M, and the other for $9.5M. It's unclear what that means for Musk's presence in the Los Angeles area, where he spends most of his time, despite his involvement with Tesla Motors. (More... <https://www.socaltech.com/fullstory/0079818.html>) *Platinum Fortune Acquires UK Video Game Developer Jagex* <https://www.socaltech.com/fullstory/0079815.html> Los Angeles-based private equity investor Platinum Fortune LP says it has acquired one o the UK's largest video game developers and publishers, Jagex, in a deal worth $530M. Jagex is best known for its franchise, RuneScape. According to Platinum Fortune, it acquired Jagex from Shanghai Hongtou Network Technology, which is a subsidiary of Shanghai Fukong Interactive Entertainment Co, Ltd.. Platinum Fortune said that Jagex will continue to be run by its existing management team. (More... <https://www.socaltech.com/fullstory/0079815.html>) *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]. *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 *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>* 5/05/20 Orca Security <https://www.socaltech.com/intelligence/?action=showdeal&id=100008> Los Angeles $20.00 M 5/05/20 Postal.io <https://www.socaltech.com/intelligence/?action=showdeal&id=100009> San Luis Obispo $9.00 M 4/20/20 Faze Clan <https://www.socaltech.com/intelligence/?action=showdeal&id=100003> Los Angeles $40.00 M 4/17/20 Movandi Corp <https://www.socaltech.com/intelligence/?action=showdeal&id=100002> Irvine $27.00 M 4/16/20 Coconut Collaborative <https://www.socaltech.com/intelligence/?action=showdeal&id=99984> Los Angeles $7.00 M 4/16/20 Greenbits <https://www.socaltech.com/intelligence/?action=showdeal&id=99985> San Jose $23.00 M 4/14/20 Source Photonics <https://www.socaltech.com/intelligence/?action=showdeal&id=99983> West Hills $40.00 M 4/07/20 eResonate <https://www.socaltech.com/intelligence/?action=showdeal&id=99965> Playa Vista $1.00 M 4/02/20 SteadyMD, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=99938> Westlake Village $6.00 M 3/31/20 AristaMD, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=99937> La Jolla $18.00 M 3/20/20 Robin Games <https://www.socaltech.com/intelligence/?action=showdeal&id=99861> Venice $7.00 M 3/03/20 TaleSpin LLC <https://www.socaltech.com/intelligence/?action=showdeal&id=99860> Culver City $15.00 M 2/27/20 Dray Alliance <https://www.socaltech.com/intelligence/?action=showdeal&id=99854> Lakewood $10.20 M 2/26/20 Flock Freight <https://www.socaltech.com/intelligence/?action=showdeal&id=99853> Solana beach $50.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ *Recent Job Postings * More jobs at http://www.socaltech.com/Jobs ------------------------------ ------------------------------ *Sponsored By * 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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