*socaltech.com <http://socaltech.com> TechNews - Tuesday, March 16, 2021* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://www.socaltech.com/News> ------------------------------
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Email [email protected] Benjamin Kuo Publisher and Editor socaltech.com ------------------------------ * 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 * - VIZIO Launches IPO Roadshow, Sets IPO Pricing Range <#0081038> - Bird Plans To Invest $150M In Europe <#0081041> - Flowspace Takes $31M <#0081039> - Magnite Prices $350M Offering <#0081040> - Relativity Space Gets DoD Launch Contract <#0081037> - Musk Gives Himself A New Title: Technoking <#0081036> - AxleHire Plans Zero Emissions Delivery In Santa Monica <#0081033> *Marketplace* - Get Counted in the Inclusion Impact Indexes Project <#ad773> - UK Government's Department for International Trade (DIT) <#ad756> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Stradling <#ad608> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> *Tuesday, March 16, 2021* * 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]. *VIZIO Launches IPO Roadshow, Sets IPO Pricing Range* <https://www.socaltech.com/fullstory/0081038.html> Irvine-based tellevision and display maker VIZIO says it has launched its IPO roadshow this morning, looking to sell 15,120,000 shares of its Class A common stock. The company said it expects its initial offering price to be between $21.00 and $23.00 per share. The company is looking to list on the New York Stock Exchange under the symbol VZIO. The IPO is being underwritten by J.P. ( More... <https://www.socaltech.com/fullstory/0081038.html>) *Bird Plans To Invest $150M In Europe* <https://www.socaltech.com/fullstory/0081041.html> Santa Monica-based on-demand electric scooter provider Bird says it is planning a major investment in Europe, saying it will invest $150M in the continent in 2021. Bird said the investment is part of an effort to support European cities as they reopen and recover. According to the company, the funds will be used to open safe, sustainable micromobility programs in over 50 new European cities, as well as invest in recycling and second life applications for vehicles, among other efforts. ( More... <https://www.socaltech.com/fullstory/0081041.html>) *Flowspace Takes $31M* <https://www.socaltech.com/fullstory/0081039.html> Los Angeles-based startup Flowspace, which is developing fulfillment technology to help e-commerce companies store and ship their products, said this morning that it has raised $31M in a new funding round. The Series B funding was led by BuildGroup. The company said that existing investors, including Canvas Ventures, Industrious Ventures, Moment Ventures, 1984 Ventures, eGateway Capital and Y Combinator also participated. The company says it has now raised a total of $46M in funding. ( Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=102312>)( More... <https://www.socaltech.com/fullstory/0081039.html>) *Magnite Prices $350M Offering* <https://www.socaltech.com/fullstory/0081040.html> Los Angeles-based Magnite, the sell-side advertising software developer which was previously known as Rubicon Project, says it has priced an offering of $350M in convertible senior notes. The company said the convertible note offering was made to qualified institutional buyers. The notes are due in 2026. Magnite offers up a sell-side advertising platform for desktop, mobile, audio, and other platforms. The company trades as MGNI on the Nasdaq. ( More... <https://www.socaltech.com/fullstory/0081040.html>) *Relativity Space Gets DoD Launch Contract* <https://www.socaltech.com/fullstory/0081037.html> Los Angeles-based Relativity Space reports that has been awarded its first ever, orbital launch contract, from the U.S. Department of Defense (DoD). ( More... <https://www.socaltech.com/fullstory/0081037.html>) *Musk Gives Himself A New Title: Technoking* <https://www.socaltech.com/fullstory/0081036.html> Elon Musk, the billionaire head of Hawthorne-based SpaceX, as well as electric car maker Tesla Motors, has given himself the new title of "Technoking of Tesla", according to regulatory filngs from Tesla this morning. The filings also re-titled Tesla's financial chief, Zacahary Kirkhorn, as "Master of Coin". It's unclear if Musk has changed his title at SpaceX. The new titles come as Tesla announced it had purchased around $1.5 billion of Bitcoin. ( More... <https://www.socaltech.com/fullstory/0081036.html>) *AxleHire Plans Zero Emissions Delivery In Santa Monica* <https://www.socaltech.com/fullstory/0081033.html> A last-mile delivery company, AxleHire, says it plans to start offering up zero emissions delivery in Santa Monica, as part of Santa Monica's effort to create a voluntary zero emissions delivery zone in the city. According to AxleHire, the Los Angeles Cleantech Incubator (LACI) worked with AxleHire, LA County, LA Metro, ROUSH CleanTech, Nissan Motor Corporation, Shopify, and others to develop the voluntary zero emissions delivery zone in the commercial activity fcore of Santa Monica. ( More... <https://www.socaltech.com/fullstory/0081033.html>) * Get Counted in the Inclusion Impact Indexes Project <https://bit.ly/2NUvJ8P> * We’re excited about teaming up with Socos Labs and StartOut and extending an invitation to our U.S. founders to get counted in the Inclusion Impact Indexes survey. Entrepreneurs help create many jobs and make an enormous contribution and the study looks at entrepreneurs' economic impact in terms of job creation, patents, financings, and exits. Data from this important Diversity & Inclusion survey provides important insights on contributions and unrealized potential. Please join us and get counted TODAY by taking this confidential 2-4 minute survey: http://bit.ly/2NUvJ8P * 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 * 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 (<a 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.</a * Pixelgate.net - Internet Access, Web Hosting, Network Services <http://www.pixelgate.net> * We put the "Service" back into Internet Service Provider. http://www.pixelgate.net ------------------------------ * Recent Funding <#funding> * 3/16/21 Flowspace <https://www.socaltech.com/intelligence/?action=showdeal&id=102312> Los Angeles $31.00 M 3/11/21 Cheese <https://www.socaltech.com/intelligence/?action=showdeal&id=102234> Pasadena $3.60 M 3/08/21 TheoryCraft Games <https://www.socaltech.com/intelligence/?action=showdeal&id=102123> Los Angeles $37.50 M 3/04/21 Whatnot <https://www.socaltech.com/intelligence/?action=showdeal&id=102122> Los Angeles $20.00 M 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 ------------------------------ * Upcoming Events * Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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 March 31, Los Angeles -- *Pepperdine University Most Fundable Companies Competition * Pepperdine University Most Fundable Companies® competition. Winners earn a spot on the annual Most Fundable Companies List, with national publicity and recognition. The free program informs US startups with less than $10 million in revenue about investor diligence. See http://www.socaltech.com/calendar/eventid/26711 April 13, Santa Monica -- *Preccelerator U: Startup Guide to Financial Modeling w/ Mark Wald * Preccelerato® U: Startup Guide to Financial Modeling w/ Mark Wald. Raising money? Investors want to maximize their return and minimize their risk, so you need to demonstrate to investors that you understand business and your business model, that you know how to make money, and that you can be trusted. Learn how to build and understand your financial model so you can demonstrate credibility by presenting it to investors and win their confidence in you. Featuring: Mark Wald, Managing Director, Supporting Strategies - Santa Monica. See http://www.socaltech.com/calendar/eventid/26710 ------------------------------ * 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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