*socaltech.com <http://socaltech.com> TechNews - Tuesday, October 27, 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 * - Theta Lake Takes $12.7M For Security, Compliance Software <#0080528> - Green Dot Backs Gig Wage For Gig Worker Banking <#0080527> - SpaceX To Provide Internet To Texas School District <#0080526> - OnSite Waste Technologies Finds $3.5M <#0080525> - Beachbody Launches Running Program <#0080524> - CoreLogic Contributes $250,000 To Local Food Banks <#0080523> - Upfront Ventures Names Nortman As Co-Managing Partner <#0080522> - Penske Media, MRC In Data Joint Venture <#0080520> - Linktree Gets $10.7M <#0080518> - Fisker Plans European HQ In Germany <#0080519> *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> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> *Tuesday, October 27, 2020* *** Just a quick note to our many readers in Orange County: hope you all remain safe from the Silverado Fire and Blue Ridge Fire, our thoughts are with you! - Ben Kuo, Editor *Preccelerator U Presents: Networking for Capital with Len Lanzi - 10/27 <https://www.eventbrite.com/e/preccelerator-u-presents-networking-for-capital-with-len-lanzi-tickets-122440854893>* October 27 - Preccelerator® U Presents: Networking for Capital with Len Lanzi. This session will focus on techniques and ways to network in the VC and Angel Community. We will interact and share best practices on business development and promoting your start-up. We will explore the different natural networks we have individually and build a personal action plan for you to use to build your network. See https://www.eventbrite.com/e/preccelerator-u-presents-networking-for-capital-with-len-lanzi-tickets-122440854893 *Theta Lake Takes $12.7M For Security, Compliance Software* <https://www.socaltech.com/fullstory/0080528.html> Santa Barbara-based Theta Lake, a developer of security and compliance software which connects with Cisco Webex, Microsoft Teams, RingCentral, Zoom and other collaboration platforms, has raised $12.7M in a Series A funding. According to the company, the funding was led by Lightspeed Venture Partners, and also included Cisco Investments, angel investors, and prior investors Neotribe Ventures, Firebolt Ventures and WestWave Capital. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=101034> )(More... <https://www.socaltech.com/fullstory/0080528.html>) *Green Dot Backs Gig Wage For Gig Worker Banking* <https://www.socaltech.com/fullstory/0080527.html> Pasadena-based Green Dot, which provides banking services, prepaid cards, and other financial services, says it is the lead investor in the Series A funding for Gig Wage. Gig Wage provides payroll, payment and banking services for the gig marketplace. The Series A investment was worth $7.5M, and was led by Green Dot, and also included Continental Investors, Techstars, Rise of the Rest, and others. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=62738>)(More... <https://www.socaltech.com/fullstory/0080527.html>) *SpaceX To Provide Internet To Texas School District* <https://www.socaltech.com/fullstory/0080526.html> Hawthorne, California-based rocket launch, spacecraft, and satellite developer SpaceX, in one of the first large scale deployments of its Starlink satellite constellation, will provide Internet access to Ector County, Texas. According to the Ector County Independent School District (ECISD), it will become the first school district to utilize the SpaceX satellite to expand Internet capacity in Ector County. (More... <https://www.socaltech.com/fullstory/0080526.html>) *OnSite Waste Technologies Finds $3.5M* <https://www.socaltech.com/fullstory/0080525.html> Newport Beach-based OnSite Waste Technologies has raised $3.5M in a Series A funding round, according to the company. The funding round was led by Mark IV Capital, which also is based in Newport Beach. The startup says it is developing technology for immediate sterilization of medical waste. The firm reported the funding was oversubscribed. (More... <https://www.socaltech.com/fullstory/0080525.html>) *Beachbody Launches Running Program* <https://www.socaltech.com/fullstory/0080524.html> Santa Monica-based fitness and nutrition content provider *Beachbody <http://www.beachbody.com>* announced it has launched a new, running program for its customers, with the goal of getting its customers to be able to complete a 5K on day 30. The new program, "30 Day Breakaway" is being made available through Beachbody's "On Demand" platform. Pricing ont he new program was not announced. The company said the fitness program is its very first for runners.(More... <https://www.socaltech.com/fullstory/0080524.html>) *CoreLogic Contributes $250,000 To Local Food Banks* <https://www.socaltech.com/fullstory/0080523.html> Irvine-based property information provider CoreLogic says it has contributed $250,000 to local food banks, and also provided additional, volunteer paid time-off for its employees, as a result of the ongoing COVID-19 pandemic. The company said the contributions, made through its Environmental, Social and Governance (ESG) program, went to such organizations as Second Harvest Food Bank of Orange County, The Pantry, Foodlink, San Diego Food Bank, and others. (More... <https://www.socaltech.com/fullstory/0080523.html>) *Upfront Ventures Names Nortman As Co-Managing Partner* <https://www.socaltech.com/fullstory/0080522.html> Los Angeles-based Upfront Ventures reported Monday morning that it has named Kara Nortman as co-Managing Partner of the fund. The fund said that Nortman will work alongside current Managing Partner Mark Suster. Nortman has been at Upfront since 2014, serving as Partner at the firm. Upfront's biggest exits have been Ring (acquired by Amazon), TestFlight and FleetSmith (both acquired by Apple), Maker Studios (acquired by Disney). Upfront said Nortman has been a VC for more than 11 years. (More... <https://www.socaltech.com/fullstory/0080522.html>) *Penske Media, MRC In Data Joint Venture* <https://www.socaltech.com/fullstory/0080520.html> Los Angeles-based companies MRC, the owner of a independent TV studios and a number of other entertainment companies and holdings--including measurement firm Nielsen Music--and Penske Media Corporation (PMC), announced late last week that they are in a new, joint venture, which will join their ata businesses. (More... <https://www.socaltech.com/fullstory/0080520.html>) *Linktree Gets $10.7M* <https://www.socaltech.com/fullstory/0080518.html> Los Angeles-based Linktree, a software developer which helps brands, celebrities, and others to create "microsites", has raised $10.7M in a Series A funding round, the company said this morning. The funding was led by Insight Partners and AirTree Ventures. Linktree said it will use the funding for expansion in international markets, global team growth, and towards evolution of its product. (More... <https://www.socaltech.com/fullstory/0080518.html>) *Fisker Plans European HQ In Germany* <https://www.socaltech.com/fullstory/0080519.html> Los Angeles-based electric vehicle manufacturer Fisker Inc.--the latest incarnation of a company developing vehicles designed by auto designer Henrik Fisker--says it plans on establishing a European headquarters in Munich, Germany. According to the company, the move is part of its efforts to advance sales, distribution, and marketing of its Fisker Ocean SUV in Europe, projected for Q4 2022. (More... <https://www.socaltech.com/fullstory/0080519.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 *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 *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] ------------------------------ *Recent Funding <#funding>* 10/27/20 Theta Lake <https://www.socaltech.com/intelligence/?action=showdeal&id=101034> Santa Barbara $12.70 M 10/20/20 ThinkIQ, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=101033> Aliso Viejo $11.60 M 10/20/20 Zest AI <https://www.socaltech.com/intelligence/?action=showdeal&id=101032> Los Angeles $15.00 M 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 GOAT <https://www.socaltech.com/intelligence/?action=showdeal&id=100896> Los Angeles $100.00 M 9/23/20 Point Predictive <https://www.socaltech.com/intelligence/?action=showdeal&id=100897> San Diego $0.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html October 27, Los Angeles -- *Preccelerator® U Presents: Networking for Capital with Len Lanzi* Preccelerator® U Presents: Networking for Capital with Len Lanzi. This session will focus on techniques and ways to network in the VC and Angel Community. We will interact and share best practices on business development and promoting your start-up. We will explore the different natural networks we have individually and build a personal action plan for you to use to build your network. See http://www.socaltech.com/calendar/eventid/26694 October 28, San Diego -- *CONNECT Legal Office Hours* Legal Office Hours. Connect. Meet One-on-One w/ an Expert… for Free. 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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