*socaltech.com <http://socaltech.com> TechNews - Wednesday, October 14, 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 * - Lead Edge Capital Raises Fifth Fund, Worth $950 Million <#0080476> - Cue Gets $481M For COVID-19 Tests <#0080475> - Lassogen Snags $4.5M Seed Funding <#0080474> - Menlo Micro Finds $44M In Series B <#0080473> - ZIPHOMECHEF Aims Efforts At Expanding Local Microkitchens <#0080472> - Walmart's Shoes.com Acquired By Manhattan Beach Investor <#0080467> *Marketplace* - Stradling <#ad608> - Become a Socaltech Supporter! <#ad724> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - UK Government's Department for International Trade (DIT) <#ad756> - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Wednesday, October 14, 2020* *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] *Lead Edge Capital Raises Fifth Fund, Worth $950 Million* <https://www.socaltech.com/fullstory/0080476.html> Santa Barbara- and New York-based Lead Edge Capital, a growth focused, technology investment fund, announced this morning that it has raised $950M in a new fund, Lead Edge Capital V, LP. The company said the funding came from over 500 existing and new limited partners, and was oversubscribed and closed at its hard cap. The firm now has now raised more than $3 billion across all of its funds. (More... <https://www.socaltech.com/fullstory/0080476.html>) *Cue Gets $481M For COVID-19 Tests* <https://www.socaltech.com/fullstory/0080475.html> San Diego-based Cue Health, which is developing COVID-19 testing products, reported late last night that it has received a $481M award from the Department of Defense (DOD), on behalf of the U.S. Department of Health and Human Services (HHS), to expand domestic production capacity for its point-of-care COVID-19 tests. (More... <https://www.socaltech.com/fullstory/0080475.html>) *Lassogen Snags $4.5M Seed Funding* <https://www.socaltech.com/fullstory/0080474.html> San Diego-based Lassogen, a startup developing therapeutics for disease treatment, said yesterday that it has raised $4.5M in a seed funding round. The funding was led by Playground Global with participation from Better Ventures, First In Ventures, Tsingyuan Ventures, as well as others. The comapny says it has now raised $5.1M in total funding. (More... <https://www.socaltech.com/fullstory/0080474.html>) *Menlo Micro Finds $44M In Series B* <https://www.socaltech.com/fullstory/0080473.html> Irvine-based Menlo Micro, which is developing electronic switch technology, has raised $44M in a Series B funding round, the company announced this morning. The funding was led by 40 North Ventures and also included Piva Paladin Capital Group, Vertical Venture Partners, and Tony Fadell's Future Shape. Menlo Micro also has previousy raised funding from Corning and Microsemi. The company said the new funding round will go towards high volume production of its electronic components. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=86280>)(More... <https://www.socaltech.com/fullstory/0080473.html>) *ZIPHOMECHEF Aims Efforts At Expanding Local Microkitchens* <https://www.socaltech.com/fullstory/0080472.html> Riverside-based ZIPHOMECHEF, a startup which helps enable licensed, microenterprise home kitchen operations (MEHKO), says it is looking to help create jobs and deliver meals to local communities in Riverside County, California. The company--led by CEO Alexia Parks--says it helps people get licensed and to set up their own home kitchens, and hopes to expand from one kitchen in Riverside to 100 kitchens. (More... <https://www.socaltech.com/fullstory/0080472.html>) *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>) *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. *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. *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 *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 *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]. ------------------------------ *Recent Funding <#funding>* 10/14/20 Menlo Microsystems, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100962> Irvine $44.00 M 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 ------------------------------ *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* . 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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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