*socaltech.com <http://socaltech.com> TechNews - Wednesday, September 23, 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 * - GoodRx Prices IPO <#0080381> - GOAT Group Gets $100M More <#0080382> - SpaceX Gets Investment From Legendary Ventures <#0080383> - Point Predictive Picks Up Series B <#0080385> - Libra Therapeutics Nabs $29M For Neurodegenerative Disease Treatments <#0080384> - AirMap Wins USAF Contract <#0080380> - daring Picks Up $8M For New Plant Protein Brand <#0080379> - Beyond Limits Takes $133M For AI Efforts <#0080378> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pacific Western Bank, Venture Banking Group <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Tech Coast Map & Calendar – Put Your Company On The Map! <#ad717> *Wednesday, September 23, 2020* *GoodRx Prices IPO* <https://www.socaltech.com/fullstory/0080381.html> Santa Monica-based prescription and healthcare marketplace operator GoodRx has priced its IPO, saying late last night that it is offering up 34,615,384 shares of its Class A common stock at $33.00 per share. The company priced well above its initial offering range, which was $24.00 to $28.00 per share, indicating high investor interst in the company. GoodRx says is it selling 23,422,727 shares, with its existing shareholdering selling another 11,192,657 shares. (More... <https://www.socaltech.com/fullstory/0080381.html>) *GOAT Group Gets $100M More* <https://www.socaltech.com/fullstory/0080382.html> Los Angeles-based GOAT Group, which operates an online marketplace for collectible sneakers, apparel, and other accessories, has raised another $100M in funding, the company said this morning. The Series E funding was led by D1 Capital Partners. According to GOAT Group, the new funding will go to further accelerate growth across product categories and geographies. GOAT has now raised a total of $290M. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=50794>)(More... <https://www.socaltech.com/fullstory/0080382.html>) *SpaceX Gets Investment From Legendary Ventures* <https://www.socaltech.com/fullstory/0080383.html> Hawthorne, California-based rocket and spacecraft developer SpaceX has just closed a Series N funding round, according to investor Legendary Ventures, which invested in the round. Amount of the Series N funding round was not announced, and Legendary Ventures did not say how much it invested in SpaceX through the round, and whether is was a major or minor investor in the round. (More... <https://www.socaltech.com/fullstory/0080383.html>) *Point Predictive Picks Up Series B* <https://www.socaltech.com/fullstory/0080385.html> San Diego-based machine learning software developer Point Predictive has raised a new, Series B growth financing round, the company announced this morning. Size of the new funding round was not announced. Point Predictive said the round was led by Napier Park Financial Partners, and also included prior investor Mosaik Partners. As part of the funding, the company has named Michael Housman as Chief Technology Officer and promoted Eric Werab to Chief Revenue Officer. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=62657>)( More... <https://www.socaltech.com/fullstory/0080385.html>) *Libra Therapeutics Nabs $29M For Neurodegenerative Disease Treatments* <https://www.socaltech.com/fullstory/0080384.html> San Diego-based Libra Therapeutics, a new startup developing treatments for various neurodegenerative diseases, has raised $29M in its Series A funding round, the company said this morning. According to Libra Therapeutics, the funding was co-led by Boehringer Ingelheim Venture Fund (BIVF), Epidarex Capital, and Sante, and also included Yonjin Venture, Dolby Family Ventures, and Sixty Degree Capital. (More... <https://www.socaltech.com/fullstory/0080384.html>) *AirMap Wins USAF Contract* <https://www.socaltech.com/fullstory/0080380.html> Santa Monica-based drone software developer AirMap reports that it has won a contract from the US Air Force. According to AirMap, it has been awarded a contract to provide unmanned aircraft system (UAS) traffic management (UTM) services to the United States Air Force (USAF)'s Agility Prime program. The contract is worth $1M, and is via a Phase 2 Small Business Innovation Research (SBIR) by AFWERX. (More... <https://www.socaltech.com/fullstory/0080380.html>) *daring Picks Up $8M For New Plant Protein Brand* <https://www.socaltech.com/fullstory/0080379.html> Los Angeles-based daring, a new startup developing plant-based chicken-flavored protein products, announced on Tuesday morning that it has raised $8M in a Series A funding round. The funding was led by Maveron, and also includes GoodFriends (a new fund founded by the founders of Allbirds, Harry's, and Warby Parker), Stray Dog Capital, Palm Tree Crew Investments, as well as angels, including Mike Smith (CFO of Stitch Fix) and Brian Swette (former Chair of Burger King). (More... <https://www.socaltech.com/fullstory/0080379.html>) *Beyond Limits Takes $133M For AI Efforts* <https://www.socaltech.com/fullstory/0080378.html> Los Angeles-based Beyond Limits, a startup which is developing artificial intelligence software for the industrial and enterprise market, said this morning that it has raised $133M in a Series C funding round. According to the company, it has closed on $113M of that funding, with another $20M committed in the round. The funding was led by Group 42 and bp ventures. Beyond Limits is led by CEO and founder AJ Abdallat. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=62653>)( More... <https://www.socaltech.com/fullstory/0080378.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 *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 *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]. *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] *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 *Tech Coast Map & Calendar – Put Your Company On The Map! <https://www.siliconmaps.com/tech-coast/>* Include your company on the Tech Coast Map and be part of the iconic industry symbol of Technology Innovation in Southern California. The map is promoted through Print, Digital, and web with an online interactive version of the map. Take part in the effective map campaign to support your region, brand and location(s) while promoting your company as an industry leader. The custom imprinted Poster/Calendars make the perfect promotional year-end gift for stakeholders. View the large interactive map at https://www.siliconmaps.com/tech-coast/ Contact [email protected] for more information and mention Socal Tech for special industry rates. ------------------------------ *Recent Funding <#funding>* 9/23/20 Point Predictive <https://www.socaltech.com/intelligence/?action=showdeal&id=100897> San Diego $0.00 M 9/23/20 GOAT <https://www.socaltech.com/intelligence/?action=showdeal&id=100896> Los Angeles $100.00 M 9/22/20 Beyond Limits <https://www.socaltech.com/intelligence/?action=showdeal&id=100895> Glendale $133.00 M 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 ------------------------------ *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. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
_______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
