*socaltech.com <http://socaltech.com> TechNews - Friday, March 19, 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 * - Red Cell Targets Healthcare, Defense Technology With Investment, Incubation <#0081055> - Citadel Defense Lands New Contracts <#0081054> - NuORDER Signs Black Diamond Equipment <#0081057> - Magnite Raises $400M In Convertible Note Offering <#0081056> - Pledge Finds $3M To Help Nonprofit Fundraising <#0081053> - Montgomery Summit Posts Sessions Online <#0081052> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Get Counted in the Inclusion Impact Indexes Project <#ad773> - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Friday, March 19, 2021* *Pacific Western Bank, Venture Banking Group <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $29 billion in assets and 70 full-service branches primarily located in California, with one in Durham, NC and another in Denver, CO. Our Venture Banking Group offers a comprehensive suite of financial services focused on entrepreneurial and venture-backed businesses and their 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 Britt Nelson at [email protected]. *Red Cell Targets Healthcare, Defense Technology With Investment, Incubation* <https://www.socaltech.com/fullstory/0081055.html> Red Cell Partners, a newly formed investment and incubation company targeting healthcare and defense technology, announced it has launched the firm out of Washington and Los Angeles. The company said it will look to invest in companies and technologies in the areas of health care and defense. The firm was founded by Grant Verstandig, Josh Lobel, and John Tenet. (More... <https://www.socaltech.com/fullstory/0081055.html>) *Citadel Defense Lands New Contracts* <https://www.socaltech.com/fullstory/0081054.html> San Diego-based Citadel Defense says it has signed a number of international contracts, for its counter-drone systems. Details on the exact customers and financial impact of those contracts were not announced. The company said the wins came from Five Eyes (FVEY) customers, the intelligence alliance which includes Australia, Canada, New Zealand, the United Kingdom, and the United States. (More... <https://www.socaltech.com/fullstory/0081054.html>) *NuORDER Signs Black Diamond Equipment* <https://www.socaltech.com/fullstory/0081057.html> Los Angeles-based B2B e-commerce software developer NuORDER said this week that outdoors product firm Black Diamond Equipment is in a partnership with the company, and will conduct all its wholesale practices through its digital buying platform. Financial arrangements between the two companies were not announced. NuORDER develops a B2B e-commerce platform which includes virtual showrooms, product recommendations, and order placement tools. (More... <https://www.socaltech.com/fullstory/0081057.html>) *Magnite Raises $400M In Convertible Note Offering* <https://www.socaltech.com/fullstory/0081056.html> Los Angeles-based advertising technology developer Magnite--formerly known as Rubicon Project--said it raised $400M in a convertible note offering. The company said the 0.25% convertible senior notes due 2026 included the exercise of an option to purchase $50M of additional notes to its initial purchasers. Magnite had originally said it would raise $350M in the convertible note offering. Magnite is currently in the process of a $1. ( More... <https://www.socaltech.com/fullstory/0081056.html>) *Pledge Finds $3M To Help Nonprofit Fundraising* <https://www.socaltech.com/fullstory/0081053.html> Venice, California-based Pledge, which provides a fundraising platform which links businesses, nonprofits, and individuals to help raise money for nonprofits, has raised $3M in additional seed funding, the company said this week. The funding was led by Maven Ventures, along with Designer Fund, Mantis VC (the Chainsmokers Venture Fund), MS&AD Ventures and angels Randi Zuckerberg and Bill Tai, among others. The company says it has now raised $12M in total. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=63543>)( More... <https://www.socaltech.com/fullstory/0081053.html>) *Montgomery Summit Posts Sessions Online* <https://www.socaltech.com/fullstory/0081052.html> The Montgomery Summit, the annual gathering of technology industry luminaries, CEOs, venture and private equity investors, and others, may not have been held in person this year in Santa Monica--however, hearing insights from the conference's speakers might just be more accessible this year than it ever has been. (More... <https://www.socaltech.com/fullstory/0081052.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 *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 *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]. ------------------------------ *Recent Funding <#funding>* 3/16/21 Flowspace <https://www.socaltech.com/intelligence/?action=showdeal&id=102312> Los Angeles $31.00 M 3/16/21 Pledge <https://www.socaltech.com/intelligence/?action=showdeal&id=102379> Venice $3.00 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 ------------------------------ *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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