*socaltech.com <http://socaltech.com> TechNews - Friday, September 18, 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 * - ConsejoSano Gets Impact Funding <#0080365> - Boosted Commerce Finds $87M, Acquires Amazon Fulfillment Companies <#0080363> - Fair Adds Traditional 2-Year, 3-Year Leases <#0080364> - Nuvve Connects Into Grid Balancing Efforts <#0080366> - Emergent Microgrid Acquired By Electriq Power <#0080362> - ringDNA Launches AI Sales Software <#0080361> - Stemson Therapeutics Finds $7.5M For Hair Loss Cure <#0080356> *Marketplace* - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Accelerating Growth For Early Stage Innovation. <#ad764> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> - Become a Socaltech Supporter! <#ad724> *Friday, September 18, 2020* *KPMG: SPACs: Unlocking a "blank check" <https://events-meetings.kpmg.com/events/capital-markets-series/registration-ac9d9c102598479ab8cd432612713837.aspx?fqp=true>* KPMG Capital Markets and Fenwick Capital Markets Series SPACs: Unlocking a "blank check" Blank check investors--also known as special purpose acquisition companies (SPACs)--raised more than $12 billion in the first half of 2020. Now, they are looking to spend that capital on privately held companies. But securing that blank check investment isn't as easy as it sounds. Date: Wednesday, September 23, 2020 Time: 3:00 p.m. to 4:00 p.m. PT Register today! https://events-meetings.kpmg.com/events/capital-markets-series/registration-ac9d9c102598479ab8cd432612713837.aspx?fqp=true *ConsejoSano Gets Impact Funding* <https://www.socaltech.com/fullstory/0080365.html> North Hollywood-based ConsejoSano, a developer of patient experience and engagement software, aimed at payers, providers, and health care systems, has scored a round of "impact" funding, the company said this week. According to the company, it received an equity investment from the Bernard J. Tyson Impact Fund, which is administered by the American Heart Association. Size of that investment was not announced. According to the two, The Bernard J. (More... <https://www.socaltech.com/fullstory/0080365.html>) *Boosted Commerce Finds $87M, Acquires Amazon Fulfillment Companies* <https://www.socaltech.com/fullstory/0080363.html> Los Angeles-based Boosted Commerce announced on Thursday that it has raised $87M, and acquired six different companies in the business of Amazon fulfillment. According to Boosted, the funding came from Torch Capital, Crosscut Ventures, Spencer Rascoff (co-founder of Zillow), Elie Seidman (former CEO of Tinder), Tucker Kain (Los Angeles Dodgers); Ken Ramberg (founder of Goodpods), Scott Hendrickson (co-founder Permian Investment Partners), Thomas O. (More... <https://www.socaltech.com/fullstory/0080363.html>) *Fair Adds Traditional 2-Year, 3-Year Leases* <https://www.socaltech.com/fullstory/0080364.html> Santa Monica-based Fair, the used car leasing company, said this week that it is adding longer, 2-year and 3-year leases to its menu of options, as a complement to the firm's month-to-month car options. According to Fair, the new lease options will offer up monthly savings to customers who want to keep their cars longer, with customers saving $40 per month on a 2-year Fair lease, and $70 a month on a 3 year lease. (More... <https://www.socaltech.com/fullstory/0080364.html>) *Nuvve Connects Into Grid Balancing Efforts* <https://www.socaltech.com/fullstory/0080366.html> San Diego-based green energy technology developer Nuvve, which is developing vehicle-to-grid load balancing technology, says it has started participating in California's wholesale energy markets, via an effort with the University of California San Diego. Nuvve said it has begun delivering power to San Diego Gas & Electric (SDG&E) and the electrical grid, using a large, stationary battery which is installed on the UC San Diego campus migrogrid. (More... <https://www.socaltech.com/fullstory/0080366.html>) *Emergent Microgrid Acquired By Electriq Power* <https://www.socaltech.com/fullstory/0080362.html> Santa Barbara-based Emergent Microgrid, a developer of community microgrids in Santa Barbara and Montecito, in an apparent acquisition deal with smart home battery manufacturer Electriq Power. According to the companies, Emergent Micro's portfolio "will be toassigned to Electriq Power" and Emergent's co-founders, Stephen Honikman and Henry Meyer, will become SVP of Project Finance and Structure, and SVP of Services at Electriq. (More... <https://www.socaltech.com/fullstory/0080362.html>) *ringDNA Launches AI Sales Software* <https://www.socaltech.com/fullstory/0080361.html> Los Angeles-based ringDNA, which develops sales engagement software, says it has launched a new, artificial intelligence (AI) product, which it says helps recommend actions for sales reps, to increase success. According to the company, its new product, Guided Selling, uses data learned from billions of sales interactions to prioritize the next best actions--whether that is whom to contact, when and how to contact them, and what to say. ( More... <https://www.socaltech.com/fullstory/0080361.html>) *Stemson Therapeutics Finds $7.5M For Hair Loss Cure* <https://www.socaltech.com/fullstory/0080356.html> San Diego-based Stemson Therapeutics, a startup working on therapies to cure hair loss, has raised $7.5M in a seed funding round. The funding came from Allergan Aethetics and Fortunis Capital. According to the company, the new funding will go to advance development of its therapeutic solution to cure hair loss. The funding from Fortunis Capital came out of its Impact Fund. (More... <https://www.socaltech.com/fullstory/0080356.html>) *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 *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 *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] *Become a Socaltech Supporter!* Interested in letting Southern California's high tech community know you are here for them? Want to reach Southern California's movers and shakers? Become a SPONSOR or SOCALTECH SUPPORTER! Our sponsors and supporters are featured on our website, and online service provider directory, as well as in our newsletter multiple times per week. It's a great way to both get the word out about your services, as well as support our news coverage of local companies across the tech industry! Contact [email protected] for details. ------------------------------ *Recent Funding <#funding>* 9/16/20 YAPI (Practical Dental Solutions, Inc.) <https://www.socaltech.com/intelligence/?action=showdeal&id=100894> Canyon Country $0.00 M 9/15/20 Violux <https://www.socaltech.com/intelligence/?action=showdeal&id=100892> Orange County $1.20 M 8/25/20 Songtradr, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100821> West Hollywood $30.00 M 8/24/20 Connect Biopharma <https://www.socaltech.com/intelligence/?action=showdeal&id=100820> San Diego $115.00 M 7/30/20 MomentFeed <https://www.socaltech.com/intelligence/?action=showdeal&id=100700> Santa Monica $10.00 M 7/29/20 Heal <https://www.socaltech.com/intelligence/?action=showdeal&id=100699> Pacific Palisades $100.00 M 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 ------------------------------ *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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