*socaltech.com <http://socaltech.com> TechNews - Monday, July 27, 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 * - Arrowroot Capital Sells Stake In SocialChorus <#0080145> - Invoca Releases Updated Product <#0080144> - NantHealth Buys OpenNMS <#0080143> - Avidity Biosciences Names Chief Medical Officer <#0080146> - Casa Verde Capital Invests In Proper's Sleep Supplements <#0080142> - Wave.tv Snags $32M For Sports Media <#0080141> - Religion of Sports Raises $10M For Sports Media <#0080140> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - Technology Management and Operational Outsourcing – PulseOne <#ad765> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> - UK Government's Department for International Trade (DIT) <#ad756> *Monday, July 27, 2020* *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 *Arrowroot Capital Sells Stake In SocialChorus* <https://www.socaltech.com/fullstory/0080145.html> Santa Monica-based private equity investor Arrowroot Capital Management says it has completed its sale of its interest in SocialChorus, to another private equity investor, Sumeru Equity Partners. Financial details of the sale were not announced. Arrowroot Capital said it will continue to own a minority interest in the company. Arrowroot Capital has been an investor in SocialChorus since 2018. (More... <https://www.socaltech.com/fullstory/0080145.html>) *Invoca Releases Updated Product* <https://www.socaltech.com/fullstory/0080144.html> Santa Barbara-based Invoca, which develops call tracking and analytics tools, says it has released a new version of its software. According to the company, its summer 2020 product release includes simplified and automated call tracking for multi-location businesses, expanded technology integrations, and other features. The company says the release simplifies previously complex processes and makes data accessible across more platforms. Invoca is backed by Upfront Ventures, H.I.G. (More... <https://www.socaltech.com/fullstory/0080144.html>) *NantHealth Buys OpenNMS* <https://www.socaltech.com/fullstory/0080143.html> Culver City-based personalized medicine and healthcare technology developer NantHealth announced this morning that it has acquired The OpenNMS Group, a developer of open source, network management software. Financial details of the acquisition were not announced. NantHealth said that OpenNMS will operate as a subsidiary of NantHealth. (More... <https://www.socaltech.com/fullstory/0080143.html>) *Avidity Biosciences Names Chief Medical Officer* <https://www.socaltech.com/fullstory/0080146.html> San Diego-based Avidity Biosciences, a developer of biopharmaceuticals in the area of RNA-targeted therapeutics, has named Jae Kim, M.D., as the company's Chief Medical Officer. Kim was previously Clinical Research Head, Chair of the Clinical Trial Review Board, and Vice President of Clinical Development at Alnylam Pharmaceutics. He also has served at MyoKardia and Amgen. Avidity Biosciences said that Dr. (More... <https://www.socaltech.com/fullstory/0080146.html>) *Casa Verde Capital Invests In Proper's Sleep Supplements* <https://www.socaltech.com/fullstory/0080142.html> Hollywood-based Casa Verde Capital, the venture capital firm run by Snoop Dogg, has led a $9.5M investment in Proper a New York startup which says it is developing "evidence-backed" supplements and personalized coaching to help people sleep. Casa Verde acpital typically only invests in cannabis investments; Proper says it is about to embark on a study of CBD to add to its formulations. Proper currently offers up a variety of "sleep formulations" it sells for $39. (More... <https://www.socaltech.com/fullstory/0080142.html>) *Wave.tv Snags $32M For Sports Media* <https://www.socaltech.com/fullstory/0080141.html> Los Angeles-based Wave.tv, a sports media company focused on Instagram, Snapchat, Facebook, Youtube, and Tiktok, said this week that it raised $32M in its Series A funding round. The funding--which included both equity and debt--was led by CoVenture and GPS Partners, and also included existing investor Golden Ventures and Sweet Capital. The company said the funding will go to expand its portfolio of media brands. The company is led by CEO Brian Verne and President Ishaan Sutaria. (More... <https://www.socaltech.com/fullstory/0080141.html>) *Religion of Sports Raises $10M For Sports Media* <https://www.socaltech.com/fullstory/0080140.html> Santa Monica-based Religion of Sports, a startup created by quarterback Tom Brady, said on Thursday that it has raised $10M in a funding round for its sports media efforts. The funding came from Elysian Park, Advancit, Courtside Ventures, LinkinFirm, and others. The company is best known for podcasts and feature films like Tom vs. Time, Stphen vs. The Game, Greatness Code, and Shut Up and Dribble. The company's co-founders are Gotham Chopra Tom Brady and Michael Strahan. (More... <https://www.socaltech.com/fullstory/0080140.html>) *Accelerating Growth For Early Stage Innovation. <http://www.preccelerator.com>* The Preccelerator® Program is an accelerator for early-stage startups offered to select companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides initial capital, sophisticated legal services, interim office space, mentorship, a targeted curriculum, investment strategy counseling and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. www.preccelerator.com *Technology Management and Operational Outsourcing – PulseOne <https://pulseone.com/sct/>* PulseOne is a business services company specialized in delivering IT-enabled solutions to emerging and high growth companies. Bringing together the world's best technologies, renowned engineering design, and proven implementation, PulseOne is uniquely positioned for Central and South Coast based businesses to plan, build and manage your technology infrastructure - from strategy to ongoing support. Our scalable model allows companies to utilize the services they need as they grow, making high value outsourced IT management cost effective for your growing business. Staffed with technology specialists and lead by business veterans, PulseOne is designed to support your business needs. For more information on what we can do for you, contact us via https://pulseone.com/sct/ or email us at [email protected]. *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 *Pacific Western Bank, Venture Banking Group <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $26 billion in assets and 76 branches primarily located in California, with one in Denver, Colorado and another 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 about the Venture Banking Group, visit www.pacwest.com/lending-solutions/venture-lending, or send an email to Brian Weber at [email protected] *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>* 7/22/20 TrackStreet, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100695> Santa Barbara $5.10 M 7/20/20 Gemist <https://www.socaltech.com/intelligence/?action=showdeal&id=100579> Los Angeles $0.00 M 7/20/20 Carbonated Games <https://www.socaltech.com/intelligence/?action=showdeal&id=100581> El Segundo $8.50 M 7/20/20 Ready, Set, Food! <https://www.socaltech.com/intelligence/?action=showdeal&id=100582> Encino $3.00 M 7/09/20 Kernel <https://www.socaltech.com/intelligence/?action=showdeal&id=100542> Los Angeles $53.00 M 7/08/20 VelosBio Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100084> San Diego $137.00 M 6/25/20 Treehouse Games <https://www.socaltech.com/intelligence/?action=showdeal&id=100533> Los Angeles $2.60 M 6/25/20 Clickup <https://www.socaltech.com/intelligence/?action=showdeal&id=100534> San Diego $35.00 M 6/24/20 Pipe <https://www.socaltech.com/intelligence/?action=showdeal&id=100532> Los Angeles $60.00 M 6/23/20 Scalefast <https://www.socaltech.com/intelligence/?action=showdeal&id=100510> Manhattan Beach $21.58 M 6/17/20 DroneBase, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100472> Los Angeles $7.50 M 6/16/20 UNEST <https://www.socaltech.com/intelligence/?action=showdeal&id=100471> Hollywood $9.00 M 6/03/20 TAE Life Sciences <https://www.socaltech.com/intelligence/?action=showdeal&id=100255> Foothill Ranch $30.00 M 5/26/20 Apeel Sciences <https://www.socaltech.com/intelligence/?action=showdeal&id=100217> Goleta $250.00 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). 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