*socaltech.com <http://socaltech.com> TechNews - Friday, October 30, 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 * - SUMA Wealth Gets Funding For Latino Financial Literacy <#0080546> - Fisker Goes Public On NYSE via SPAC <#0080544> - NFL Players Association Takes Stake In Monkey Knife Fight <#0080545> - LegalZoom Names New CFO <#0080547> - The Bouqs Company Names New Board Member <#0080548> - Inphi Acquired By Marvell In $10 Billion Deal <#0080543> - LiveXLive Acquires E-Commerce Company For $6M <#0080542> *Marketplace* - 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> - Stradling <#ad608> - Accelerating Growth For Early Stage Innovation. <#ad764> *Friday, October 30, 2020* *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]. *SUMA Wealth Gets Funding For Latino Financial Literacy* <https://www.socaltech.com/fullstory/0080546.html> Los Angeles-based SUMA Wealth, a startup which operates an online platform designed to help U.S.-born, Millennial Latinos with financial literacy, has raised a round of funding, the company announced this week. According to the company, it received a pre-seed funding round from a number of female investors. (More... <https://www.socaltech.com/fullstory/0080546.html>) *Fisker Goes Public On NYSE via SPAC* <https://www.socaltech.com/fullstory/0080544.html> Los Angeles-based electric vehicle developer Fisker Inc. announced Thursday afternoon that it has completed the business combination deal it had with Spartan Energy Acquisition Corp. (SPAQ), a special purpose acquisition company formed by Apollo Global Management, nad will start trading this mroning on the New York Stock Exchange. Fisker says it will commence trading this morning under the ticker symbols FSR, with its warrants trading as FSR WS. (More... <https://www.socaltech.com/fullstory/0080544.html>) *NFL Players Association Takes Stake In Monkey Knife Fight* <https://www.socaltech.com/fullstory/0080545.html> Los Angeles-based daily fantasy sports gaming site Monkey Knife Fight and the NFL Players Association said late Thursday that the NFL Players Association has taken an ownership stake in the gaming site. Financial details of the deal were not announced. According to the two, the NFLPA will become a strategic owner in Monkey Knife Fight, in a deal that involves OneTeam Partners. (More... <https://www.socaltech.com/fullstory/0080545.html>) *LegalZoom Names New CFO* <https://www.socaltech.com/fullstory/0080547.html> Glendale-based LegalZoom announced this week that it has appointed Noel Watson as the company's new Chief Financial Officer. Watson was previously CFO of TrueCar, where the firm said he led financial operations including financial planning & analysis (FP&A), accounting, and investor relations. He also served at Chief Accounting Offier at TripAdvisor, in addition to serving at such companies as ArrAy Inc, Way Systems, and Arthur Andersen LLP. Watson also sits on Zynga's board of directors. (More... <https://www.socaltech.com/fullstory/0080547.html>) *The Bouqs Company Names New Board Member* <https://www.socaltech.com/fullstory/0080548.html> Marina del Rey-based The Bouqs Company, the direct, farm-to-consumer, online floral delivery service founded by John Tabis, said this week that it has named Rosemary Turner to the company's board of directors. The company said Turner is a veteran logistics leader, having served as president of UPS for 22 years. (More... <https://www.socaltech.com/fullstory/0080548.html>) *Inphi Acquired By Marvell In $10 Billion Deal* <https://www.socaltech.com/fullstory/0080543.html> Semiconductor maker Inphi, which develops high speed interconnect semiconductors--and which was started in Westlake Village, where it continues to have major operations--is being acquired by fellow semiconductor company Marvell. Marvell said it would pay $66 in cash and 2.323 shares of stock of the combined company for each Inphi share. Inphi has been a public company since 2010, trading as IPHI on the NYSE. (More... <https://www.socaltech.com/fullstory/0080543.html>) *LiveXLive Acquires E-Commerce Company For $6M* <https://www.socaltech.com/fullstory/0080542.html> Los Angeles-based LiveXLive Media, which operates a livestreaming and on-demand audio, video, and podcasting service, says it has signed an agreement to acquire Custom Personalization Solutions, LLC, in a deal worth up to $6M. According to LiveXLive, it signed a binding Letter of Intent to acquire CPS in an all stock deal, which is expected to close by December 31st, 2020. LiveXLive said that CPS had approximately $19M in revenue in 2019. (More... <https://www.socaltech.com/fullstory/0080542.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 *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] *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. *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 ------------------------------ *Recent Funding <#funding>* 10/29/20 Slingshot Aerospace <https://www.socaltech.com/intelligence/?action=showdeal&id=101038> El Segundo $8.00 M 10/28/20 Scopely <https://www.socaltech.com/intelligence/?action=showdeal&id=101037> Culver City $340.00 M 10/27/20 Theta Lake <https://www.socaltech.com/intelligence/?action=showdeal&id=101034> Santa Barbara $12.70 M 10/27/20 Replicated <https://www.socaltech.com/intelligence/?action=showdeal&id=101036> Los Angeles $25.00 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 ------------------------------ *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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