*socaltech.com <http://socaltech.com> TechNews - Tuesday, July 28, 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 * - Interview with Nick Hedges, MomentFeed <#0080147> - XPRIZE Launches Rapid Covid Testing Competition <#0080150> - Mira Picks Up $10M For VR Software <#0080152> - Versant Ventures Launches New Company, Bright Peak Therapeutics <#0080149> - AristaMD Brings Latest Funding To $24M <#0080151> - Newegg Staffing Expands To Midwest, East Coast <#0080153> - Tinder Names Jim Lanzone As New CEO <#0080148> - Arrowroot Capital Sells Stake In SocialChorus <#0080145> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - UK Government's Department for International Trade (DIT) <#ad756> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Pacific Western Bank, Venture Banking Group <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Tuesday, July 28, 2020* *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 *Interview with Nick Hedges, MomentFeed* <https://www.socaltech.com/fullstory/0080147.html> Our interview today is with Nick Hedges, the CEO of Santa Monica-based MomentFeed. We caught up with Nick--who is a veteran of the area's high tech industry, most recently serving as CEO of Velocify--to get the latest on MomentFeed, which provides services to multi-brand, location businesses. Nick filled us in on the company's business, his move to head up the company in the last year, as well as some lessons learned running a company in the time of a pandemic. (More... <https://www.socaltech.com/fullstory/0080147.html>) *XPRIZE Launches Rapid Covid Testing Competition* <https://www.socaltech.com/fullstory/0080150.html> Los Angeles-based XPRIZE, the organization which creates competitions to help encourage the advancement of technology to solve some of the world's biggest challenges, says it has launched a new prize, aimed at the rapid testing issue with COVID-19. (More... <https://www.socaltech.com/fullstory/0080150.html>) *Mira Picks Up $10M For VR Software* <https://www.socaltech.com/fullstory/0080152.html> Los Angeles-based *Mira <https://mirareality.com/>More...) Versant Ventures Launches New Company, Bright Peak Therapeutics <https://www.socaltech.com/fullstory/0080149.html>San Diego-based venture capital investment firm Versant Ventures has launched a new biotechnology company, Bright Peak Therapeutics, in Basel, Switzerland, the company announced this morning. Versant--which has recently been putting efforts into creating its own companies--said that it has committed $35M in a Series A funding round to Bright Peak Therapeutics, which is focused on developing a platform to chemically synthesize and optimize the structure and function of proteins. (More... <https://www.socaltech.com/fullstory/0080149.html>) AristaMD Brings Latest Funding To $24M <https://www.socaltech.com/fullstory/0080151.html>San Diego-based telemedicine and telehealth software developer AristaMD has added another $6M to the company's Series B, bringing the total to $24M, the company said on Monday. The funding came from Ascension Ventures and .406 Ventures, and comes on top of an earlier tranche of Series B funding from Cigna, MemorialCare Health System, Avalon Ventures, the University of Colorado's Healthcare Innovation Fund, and Stanford Health Care. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=42116>)(More... <https://www.socaltech.com/fullstory/0080151.html>) Newegg Staffing Expands To Midwest, East Coast <https://www.socaltech.com/fullstory/0080153.html>Los Angeles-based e-commerce retailer Newegg, which recently expanded its offerings into technology staffing, says it has expanded its Newegg Staffing efforts into the Midwest and the East Coast. According to Newegg, the move is aimed at helping e-commerce companies scale up their workforces ahead of the Q4 holiday season. (More... <https://www.socaltech.com/fullstory/0080153.html>) Tinder Names Jim Lanzone As New CEO <https://www.socaltech.com/fullstory/0080148.html>Match Group, the parent company of Los Angeles-based online dating app developer Tinder, said on Monday that it has named Jim Lanzone--former President and CEO of CBS Interactive, and also Entrepreneur-in-Residence at Benchmark Capital--as CEO of Tinder. Lanzone replaces current Tinder CEO Elie Seidman, who the company said will return to working with early stage, venture-backed startups. (More... <https://www.socaltech.com/fullstory/0080148.html>) 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>) 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]. 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 <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 <http://www.bestronics.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 <http://www.pacwest.com/lending-solutions/venture-lending>, or send an email to Brian Weber at [email protected] <[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] <[email protected]> www.socalip.com <http://www.socalip.com> * * ------------------------------ Recent Funding <#funding> 7/22/20TrackStreet, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100695>Santa Barbara$5.10 M7/20/20Gemist <https://www.socaltech.com/intelligence/?action=showdeal&id=100579>Los Angeles$0.00 M7/20/20Carbonated Games <https://www.socaltech.com/intelligence/?action=showdeal&id=100581>El Segundo$8.50 M7/20/20Ready, Set, Food! <https://www.socaltech.com/intelligence/?action=showdeal&id=100582>Encino$3.00 M7/09/20Kernel <https://www.socaltech.com/intelligence/?action=showdeal&id=100542>Los Angeles$53.00 M7/08/20VelosBio Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100084>San Diego$137.00 M6/25/20Treehouse Games <https://www.socaltech.com/intelligence/?action=showdeal&id=100533>Los Angeles$2.60 M6/25/20Clickup <https://www.socaltech.com/intelligence/?action=showdeal&id=100534>San Diego$35.00 M6/24/20Pipe <https://www.socaltech.com/intelligence/?action=showdeal&id=100532>Los Angeles$60.00 M6/23/20Scalefast <https://www.socaltech.com/intelligence/?action=showdeal&id=100510>Manhattan Beach$21.58 M6/17/20DroneBase, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100472>Los Angeles$7.50 M6/16/20UNEST <https://www.socaltech.com/intelligence/?action=showdeal&id=100471>Hollywood$9.00 M6/03/20TAE Life Sciences <https://www.socaltech.com/intelligence/?action=showdeal&id=100255>Foothill Ranch$30.00 M5/26/20Apeel 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 <http://www.socaltech.com/submitevent.html> ------------------------------ Recent Job Postings More jobs at http://www.socaltech.com/Jobs <http://www.socaltech.com/Jobs> ------------------------------ ------------------------------ Sponsored By Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com <http://www.stubbsalderton.com>). Business. Technology. Law. Vision. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html <http://home.kpmg/us/en/home/about/offices/los-angeles-1.html>) Level up with KPMG Email [email protected] <[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. 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