*socaltech.com <http://socaltech.com> TechNews - Wednesday, March 3, 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 * - NextCar, Led By Scott Painter, Gears Up For Launch With Exec Team <#0080986> - URB-E Gets $5M For Urban Delivery Network <#0080987> - Bionaut Labs Picks Up $20M For Therapeutic, Microscopic Brain Robots <#0080988> - Parabol Takes $8M From Microsoft, Others For Agile Meetings <#0080989> - Nex Cubed Launches Summer Acceleration Program Focused On HBCU Founders <#0080990> - VIZIO Files For IPO <#0080982> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad749> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - UK Government's Department for International Trade (DIT) <#ad756> - Stradling <#ad608> - Accelerating Growth For Early Stage Innovation. <#ad764> *Wednesday, March 3, 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 *NextCar, Led By Scott Painter, Gears Up For Launch With Exec Team* <https://www.socaltech.com/fullstory/0080986.html> Santa Monica-based NextCar, the newest automotive-focused startup led by startup veteran Scott Painter, is gearing up for the launch of the company, saying this week that it has named a senior management team. (More... <https://www.socaltech.com/fullstory/0080986.html>) *URB-E Gets $5M For Urban Delivery Network* <https://www.socaltech.com/fullstory/0080987.html> Los Angeles-based URB-E, a startup developing a "last mile" urban delivery network based on containers and bicycles, has raised $5M in a Series A funding round, the company said today. According to the company, the funding was led by UBS Group. URB-E says it is developing a "containerized" delivery network in urban areas, focused on small container systems which are rolled on and off into parking spaces, and where the last mile is delivered via bicycle. (More... <https://www.socaltech.com/fullstory/0080987.html>) *Bionaut Labs Picks Up $20M For Therapeutic, Microscopic Brain Robots* <https://www.socaltech.com/fullstory/0080988.html> Los Angeles-based Bionaut Labs, a startup that says it has created "microscale robots" which can deliver biologics, nucleic acids, or small molecule therapies into a person's brain, says it has raised $20M in a funding round. The funding was led by Khosla Ventures, and also included Upfront Ventures, Revolution, BOLD Capital, and Compound. The company says its robots are remote controlled, and are initially focused on treatments of glioma and Huntington's disease. (More... <https://www.socaltech.com/fullstory/0080988.html>) *Parabol Takes $8M From Microsoft, Others For Agile Meetings* <https://www.socaltech.com/fullstory/0080989.html> Los Angeles-based Parabol, a company which is developing technology to enable "Agile" meetings, announced that it has raised $8M in its Series A funding. The funding was led by Microsoft's M12 venture fund, and also included CRV, Haystack, Techstars, and others. Parabol says it has developing a platform focused on enabling remote and hybrid teams to conduct structured meetings, using the "Agile" methodology. The company is led by CEO and Co-founder Jordan Husney. (More... <https://www.socaltech.com/fullstory/0080989.html>) *Nex Cubed Launches Summer Acceleration Program Focused On HBCU Founders* <https://www.socaltech.com/fullstory/0080990.html> San Diego-based startup accelerator operator Nex Cubed says it has launched a virtual, summer startup acceleration program, focused on founders from historically Black colleges and universities (HBCUs). According to the company, participants in its program will receive $10,000 in non-dilutive capital, technical resources to develop a minimally viable products, physical working space in Silicon Valley, business advice, as well as service provider perks and discounts. (More... <https://www.socaltech.com/fullstory/0080990.html>) *VIZIO Files For IPO* <https://www.socaltech.com/fullstory/0080982.html> Irvine-based VIZIO Holding, the manufacturer of monitors and televisions, has filed for an IPO, saying it intends to raise up to $100M in its IPO. The company intends to list on the New York Stock Exchange as VZIO. The IPO is being underwritten by J.P. Morgan, BofA Securities, Wells Fargo Securities, Guggenheim Securities, Needham & Company, Piper Sandler, and Roth Capital Partners. VIZIO's largest Class A shareholders are AmTRAN Technology Co., Ltd.; Q-Run Holdings Ltd. (More... <https://www.socaltech.com/fullstory/0080982.html>) *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] *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 *Stradling <http://www.sycr.com>* Stradling, Attorneys At Law ( href="http://www.sycr.com";>http://www.sycr.com ) For more than 40 years top companies and municipalities have counted on Stradling to have the right team and skills to meet their toughest challenges 24/7, 365 days a year. *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>* 2/24/21 Emotive <https://www.socaltech.com/intelligence/?action=showdeal&id=102079> Los Angeles $50.00 M 2/24/21 BeSmartee <https://www.socaltech.com/intelligence/?action=showdeal&id=102080> Huntington Beach $0.00 M 2/23/21 SpaceX <https://www.socaltech.com/intelligence/?action=showdeal&id=102053> Hawthorne $850.00 M 2/18/21 talkshoplive <https://www.socaltech.com/intelligence/?action=showdeal&id=101941> Los Angeles $3.00 M 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 Cosemi <https://www.socaltech.com/intelligence/?action=showdeal&id=101340> Irvine $8.00 M 12/15/20 Eta Compute <https://www.socaltech.com/intelligence/?action=showdeal&id=101339> Thousand Oaks $12.50 M 12/03/20 Esports One <https://www.socaltech.com/intelligence/?action=showdeal&id=101261> Santa Monica $4.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html March 9, Pasadena -- *Fundraising Essentials: Pitching Angel Groups* Preccelerator® U Presents: Fundraising Essentials: Pitching Angel Groups. Join us for this Preccelerator Program event with Mimi Carter of the Pasadena Angels as she shares insights on pitch deck preparation, metrics and approach that will assist in preparing you to pitch to Angel investor syndicate groups. Mimi Carter is an entrepreneur and investor in early-stage companies. She is a partner at Carterus Strategies and director of the Pasadena Angels, named one of the top 10 angel investing groups in the US by Forbes Magazine. Mimi serves on the advisory board for Mayor Eric Garcetti’s WiSTEM program, an initiative to lead the nation in developing and sustaining a robust pipeline of women in STEM. She is a strategic advisor for Women Founder’s Foundation, an organization providing access to capital, visibility, and mentorship for female founders. See http://www.socaltech.com/calendar/eventid/26708 March 25, Los Angeles -- *Preccelerator Program Virtual Demo Day* Preccelerator Program Virtual Demo Day + Special Guest Speaker. The Preccelerator ® Program Virtual Demo Day kicks off on March 25th @ 3:30 pm, and you're invited to take part in the festivities. Preccelerator cohort companies are early stage, and we work hand in hand with them throughout their term to know their market and users, foster their leadership skills, build and test their product, avoid legal pitfalls, ensure the defensibility of their products, acquire users and partnerships and prepare them for the fundraising process. Now it's time to showcase their efforts. See http://www.socaltech.com/calendar/eventid/26707 ------------------------------ *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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