*socaltech.com <http://socaltech.com> TechNews - Wednesday, December 16, 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 * - DASH Systems Finds $8M For Airdrop Delivery Technology <#0080719> - Carlsmed Picks Up $10M For Spinal Correction Devices <#0080720> - GoodRx Expands Marketplace To Include Telehealth, Mail Order <#0080721> - Cosemi Connects With $8M <#0080718> - Fifth Wall Adds New Partner With Climate Focus <#0080717> - Westlake Village BioPartners Raises $500M In Two Funds <#0080711> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Stradling <#ad608> - 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> *Wednesday, December 16, 2020* *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 *DASH Systems Finds $8M For Airdrop Delivery Technology* <https://www.socaltech.com/fullstory/0080719.html> Los Angeles-based DASH Systems, a developer of technology that allows for precision airdrop of deliveries from cargo aircraft, has raised $8M in a seed funding round, the company said this morning. The funding was led by 8VC, and also included Tusk Venture Partners, Loup Ventures, Trust Ventures, Perot Jain, and MiLA Capital. (More... <https://www.socaltech.com/fullstory/0080719.html>) *Carlsmed Picks Up $10M For Spinal Correction Devices* <https://www.socaltech.com/fullstory/0080720.html> San Diego-based Carlsmed, a biotech startup developing spine deformity correction devices, has raised $10M in a Series A funding. The funding was led by U.S. Venture Partners, and also included The Vertical Group, Cove Fund, and Wavemaker Three-Sixty Health, among others. According to the company, the funding will go to commercialize the company's family of aprevo spine deformity correction devices. The startup is led by CEO Mike Cordonnier. (More... <https://www.socaltech.com/fullstory/0080720.html>) *GoodRx Expands Marketplace To Include Telehealth, Mail Order* <https://www.socaltech.com/fullstory/0080721.html> Santa Monica-based healthcare marketplace provider *GoodRx <http://www.goodrx.com>* said today that it has expanded the benefits for its subscription program, GoodRx Gold, to include both telehealth and mail order. The company said its subscription members now will receive exclusive discounts on online doctor visits and free mail delivery. The company's subscription program costs $5.99 per month for individuals, and $9.99 per month for family with up to six members.(More... <https://www.socaltech.com/fullstory/0080721.html>) *Cosemi Connects With $8M* <https://www.socaltech.com/fullstory/0080718.html> Irvine-based Cosemi Technologies, a developer of plug-and-play HDMI, DisplayPort and USB active optical cables, said on Tuesday that it has raised $8M in a strategic funding round. The funding came from Nitto Denko Corporation, a Japanese materials manufacturer. According to Cosemi, it will ues the new funding round to accelerate its growth, and also address a growing market in the area of high-speed, hybrid active optical interconnect solutions. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=24632>)(More... <https://www.socaltech.com/fullstory/0080718.html>) *Fifth Wall Adds New Partner With Climate Focus* <https://www.socaltech.com/fullstory/0080717.html> Los Angeles-based venture investor Fifth Wall has added a new partner to the firm, Greg Smithies, to help it with its investments in climate related technologies. Smithies formerly was at BMW iVentures. The fund--better known for its real estate investments--disclosed today that it is raising a new, climate-focused fund targeted at at least $200M. Fifth Wall has not disclosed limited partners or current commitments in that new fund. Fifth Wall currently has $1.2 billion under management. (More... <https://www.socaltech.com/fullstory/0080717.html>) *Westlake Village BioPartners Raises $500M In Two Funds* <https://www.socaltech.com/fullstory/0080711.html> Los Angeles-based life sciences investor Westlake Village BioPartners announced today that it has raised two new venture capital funds, worth a total of $500M, for its investments in biotech companies. According to the company, its two funds include Opportunity I, worth $70M, which will invest in additional Series B or later-round capital into promising companies they incubated or invested in with their original fund, Westlake BioPartners 1 (WBP1). (More... <https://www.socaltech.com/fullstory/0080711.html>) *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 *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 *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 ------------------------------ *Recent Funding <#funding>* 12/15/20 Eta Compute <https://www.socaltech.com/intelligence/?action=showdeal&id=101339> Thousand Oaks $12.50 M 12/15/20 Cosemi <https://www.socaltech.com/intelligence/?action=showdeal&id=101340> Irvine $8.00 M 12/03/20 Esports One <https://www.socaltech.com/intelligence/?action=showdeal&id=101261> Santa Monica $4.00 M 12/02/20 Flock Freight <https://www.socaltech.com/intelligence/?action=showdeal&id=101260> Solana beach $113.50 M 12/01/20 GoSecure <https://www.socaltech.com/intelligence/?action=showdeal&id=101251> La Jolla $35.00 M 11/24/20 Credit Key <https://www.socaltech.com/intelligence/?action=showdeal&id=101176> Los Angeles $33.85 M 11/23/20 Relativity <https://www.socaltech.com/intelligence/?action=showdeal&id=101175> Los Angeles $500.00 M 11/18/20 Everytable <https://www.socaltech.com/intelligence/?action=showdeal&id=101174> Los Angeles $16.00 M 11/17/20 Trust & Will <https://www.socaltech.com/intelligence/?action=showdeal&id=101173> San Diego $15.00 M 11/17/20 A-Frame <https://www.socaltech.com/intelligence/?action=showdeal&id=101151> Venice $2.00 M 11/13/20 Applied Data Finance, LLC <https://www.socaltech.com/intelligence/?action=showdeal&id=101150> San Diego $14.20 M 11/13/20 Shred <https://www.socaltech.com/intelligence/?action=showdeal&id=101149> Hollywood $4.00 M 11/10/20 Ambrx <https://www.socaltech.com/intelligence/?action=showdeal&id=101040> La Jolla $200.00 M 11/05/20 Protomer Technologies <https://www.socaltech.com/intelligence/?action=showdeal&id=101039> Pasadena $0.00 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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