*socaltech.com <http://socaltech.com> TechNews - Tuesday, February 16, 2021* 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 * - Owlet Goes Public Via SPAC <#0080925> - Kayne Anderson Renewable Energy Fund Hits $50M <#0080928> - symplr Acquires Phynd <#0080926> - J2 Global Sees Robust Q4 <#0080929> - Avery Dennison Acquires JDC Solutions <#0080927> - Virgin Galactic Delays Planned Spaceflight Test <#0080924> *Marketplace* - UK Government's Department for International Trade (DIT) <#ad756> - Accelerating Growth For Early Stage Innovation. <#ad764> - Pacific Western Bank, Venture Banking Group <#ad749> - Become a Socaltech Supporter! <#ad724> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Tuesday, February 16, 2021* *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 *Owlet Goes Public Via SPAC* <https://www.socaltech.com/fullstory/0080925.html> Los Angeles-based baby monitoring device maker Owlet Baby Care is going public via a special purpose acquisition (SPAC), the company announced this morning. According to Owlet, it is merging with Sandbridge Acquisition Corporation, a special purpose acquisition company co-sponsored by affiliates of Sandbridge Capital and PIMCO private funds. Owlet said it expects to trade on the New York Stock Exchange under the symbol OWLT after the dea. (More... <https://www.socaltech.com/fullstory/0080925.html>) *Kayne Anderson Renewable Energy Fund Hits $50M* <https://www.socaltech.com/fullstory/0080928.html> Los Angeles-based private equity investor Kayne Anderson Capital Advisors, L.P. said last week that its new Kayne Anderson Renewable Infrastructure Fund has reached $50M in assets. The fund focuses on investing in companies that develop, build, own and operate the renewable power infrastructure necessary to transition global power generation to a cleaner future, including wind farms, solar parks, energy storage, and the infrastructure to bring that energy to market. (More... <https://www.socaltech.com/fullstory/0080928.html>) *symplr Acquires Phynd* <https://www.socaltech.com/fullstory/0080926.html> symplr, a developer of healthcare governance and compliance software, has acquired Phynd Technologies, a provider of a centralized provider data management platform for the healthcare market. Financial terms of the acquisition were not announced. Symplr is owned by Santa Monica-based private equity investor Clearlake Capital Group and SkyNight Capital. The companies said the acquisition will help further symplr in the healthcare governance, risk management, and compliance software market. (More... <https://www.socaltech.com/fullstory/0080926.html>) *J2 Global Sees Robust Q4* <https://www.socaltech.com/fullstory/0080929.html> Los Angeles-based J2 Global reported its fourth quarter results last week, reporting a robust amount of revenue growth in Q4. According to J2 Global, it saw its quarterly revenues increase 15.7% in Q4, to a record $469.2M, compared to $405.6M in Q4 of 2019 The company also said it operating income increase 17.0% to $128.9M, compared to $110.2M the year before. The company did not say what pushed the increase in its quarterly earnings release, however, the company reported a 26. (More... <https://www.socaltech.com/fullstory/0080929.html>) *Avery Dennison Acquires JDC Solutions* <https://www.socaltech.com/fullstory/0080927.html> Glendale-based Avery Dennison--best known for its labeling products--said on Monday that it has acquired JDC Solutions, a manufacturer of pressure-sensitive specialty tapes. Avery Dennison said it paid $24M for JDC Solutions, which is based in Mount Juliet, Tennessee. JDC has approximately $30M in annual revenues, and employs 75 at its headquarters location. (More... <https://www.socaltech.com/fullstory/0080927.html>) *Virgin Galactic Delays Planned Spaceflight Test* <https://www.socaltech.com/fullstory/0080924.html> Virgin Galactic, the commercial spaceflight firm that is backed by Sir Richard Branson--and which went public in October of 2019--has delayed its planned spaceflight test for this weekend. The company said it has "decided to allow more time for technical checks" on its spacecraft. Virgin Galactic did not say what kind of issues it had encountered in the check. Virgin Galactic has yet to start commercial flights to space, and has been testing its vehicles for a number of years. (More... <https://www.socaltech.com/fullstory/0080924.html>) *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 *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] *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. *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>* 2/12/21 Pipeline Therapeutics <https://www.socaltech.com/intelligence/?action=showdeal&id=101930> San Diego $80.00 M 2/03/21 LeaseLock <https://www.socaltech.com/intelligence/?action=showdeal&id=101670> Marina Del Rey $52.00 M 1/21/21 Plexium <https://www.socaltech.com/intelligence/?action=showdeal&id=101426> San Diego $35.00 M 1/12/21 Genalyte <https://www.socaltech.com/intelligence/?action=showdeal&id=101379> San Diego $50.00 M 1/12/21 Vesica <https://www.socaltech.com/intelligence/?action=showdeal&id=101380> Los Angeles $2.10 M 1/05/21 HG Insights <https://www.socaltech.com/intelligence/?action=showdeal&id=101349> Santa Barbara $0.00 M 12/22/20 Perch <https://www.socaltech.com/intelligence/?action=showdeal&id=101427> Los Angeles $2.50 M 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 ------------------------------ *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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