*socaltech.com <http://socaltech.com> TechNews - Tuesday, October 13, 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 * - Walmart's Shoes.com Acquired By Manhattan Beach Investor <#0080467> - CoreLogic: Mortgage Delinquencies Spike, Despite Strong Housing Demand <#0080468> - Headspace Shuffles CEO As Founders Step Back <#0080470> - RebateKey Reports Increase In Growth <#0080469> - Balboa Water Group Acquired For $218.5M <#0080471> - Newlight Technologies Finds $45M <#0080466> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Pacific Western Bank, Venture Banking Group <#ad749> *Tuesday, October 13, 2020* *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 *Walmart's Shoes.com Acquired By Manhattan Beach Investor* <https://www.socaltech.com/fullstory/0080467.html> Online footwear and apparel retailer Shoes.com--which was owned by Walmart--has been acquired by Manhattan Beach-based investment firm CriticalPoint Capital, LLC, CriticalPoint announced this morning. Financial terms of the acquisition were not announced. CriticalPoint Capital, led by President and CEO John Foristall, says it already has transactions it has made in the footwear industry, including JackRabbit, Clever Training and Olympia Sports. Shoes. (More... <https://www.socaltech.com/fullstory/0080467.html>) *CoreLogic: Mortgage Delinquencies Spike, Despite Strong Housing Demand* <https://www.socaltech.com/fullstory/0080468.html> Irvine-based property information provider CoreLogic reports that it is seeing a spike in U.S. serious delinquiencies on mortgages--the highest level since April of 2014--despite strong housing demand. According to the firm, 6.6 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure), a 2.8 percent increase over July of 2019, when it was 3.8%. (More... <https://www.socaltech.com/fullstory/0080468.html>) *Headspace Shuffles CEO As Founders Step Back* <https://www.socaltech.com/fullstory/0080470.html> S (More... <https://www.socaltech.com/fullstory/0080470.html>) *RebateKey Reports Increase In Growth* <https://www.socaltech.com/fullstory/0080469.html> San Diego-based RebateKey, which operates an online website which provides cash back rebates and coupons, reports strong growth for the company as a result of the pandemic. According to the company, it nearly doubled the amount it has paid out in rebates in the last nine months, increasing rebates from $20 million in the first two years to over $43 million paid out to customers by the end of September. (More... <https://www.socaltech.com/fullstory/0080469.html>) *Balboa Water Group Acquired For $218.5M* <https://www.socaltech.com/fullstory/0080471.html> C (More... <https://www.socaltech.com/fullstory/0080471.html>) *Newlight Technologies Finds $45M* <https://www.socaltech.com/fullstory/0080466.html> Huntington beach-based Newlight Technologies, a developer of an ocean-degradable biopolymer, which can be used like plastic but decays with exposure to seawater, has raised $45M in the company's Series F funding round. The funding came from private equity firm Valedor Partners, as well as GrayArch Partners. (More... <https://www.socaltech.com/fullstory/0080466.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 *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]. *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 *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] ------------------------------ *Recent Funding <#funding>* 10/08/20 Slingshot Aerospace <https://www.socaltech.com/intelligence/?action=showdeal&id=100961> El Segundo $1.00 M 9/29/20 Seismic <https://www.socaltech.com/intelligence/?action=showdeal&id=100936> Solana Beach $92.00 M 9/28/20 Liquid Death <https://www.socaltech.com/intelligence/?action=showdeal&id=100935> Santa Monica $23.00 M 9/24/20 Camera IQ <https://www.socaltech.com/intelligence/?action=showdeal&id=100898> Santa Monica $5.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html October 15, Los Angeles -- *Virtual Tech Happy Hour* *NEW* . See http://www.socaltech.com/calendar/eventid/26670 October 15, Los Angeles -- *Virtual Tech Happy Hour* *NEW* . See http://www.socaltech.com/calendar/eventid/26671 October 15, Los Angeles -- *Pepperdine Most Fundable Companies Showcase 2020.* *NEW* . See http://www.socaltech.com/calendar/eventid/26669 October 28, San Diego -- *CONNECT Legal Office Hours* *NEW* . See http://www.socaltech.com/calendar/eventid/26672 ------------------------------ *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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