*socaltech.com <http://socaltech.com> TechNews - Friday, April 30, 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 * - Report: Snap Still Mostly White, Male <#0081206> - Milken Institute Backs $2M Prize For African Entrepreneurship <#0081205> - Hashflow Picks Up $3.2M For Crypto Exchange <#0081207> - Illumina Donates $60M To Pathogen Genomics Effort <#0081208> - GumGum Grabs $75M <#0081204> - Capsida Uncloaks With $140M In Funding <#0081199> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> - Accelerating Growth For Early Stage Innovation. <#ad764> *Friday, April 30, 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]. *Report: Snap Still Mostly White, Male* <https://www.socaltech.com/fullstory/0081206.html> Venice, California-based social app developer Snap, the parent company of Snapchat, is still mostly white and male, according to the company's latest diversity report. 47 percent of Snap's employees are white, and 65 percent are male, according to numbers parsed by The Verge. Snap posted its diversity report on Thursday, the second time it has released its diversity numbers. (More... <https://www.socaltech.com/fullstory/0081206.html>) *Milken Institute Backs $2M Prize For African Entrepreneurship* <https://www.socaltech.com/fullstory/0081205.html> Los Angeles-based The Milken Institute, along with the Motsepe Foundation, said this week that the two have launched a new, $2 million technology prize program, aimed at entrepreneurs in Africa. According to the two, the new Milken-Motsepe Innovation Prize is aimed at technological solutions that accelerate progress towards implementing the United Nations' Sustainable Development Goals (SDGs). (More... <https://www.socaltech.com/fullstory/0081205.html>) *Hashflow Picks Up $3.2M For Crypto Exchange* <https://www.socaltech.com/fullstory/0081207.html> Santa Monica-based *Hashflow <http://www.hashflow.com>*, which operates a decentralized exchange for the crypto market, says it has raised $3.2M in a seed funding round. The funding came from Dragonfly Capital and Electric Capital, plus IDEO Ventures, Alameda Research, Metastable, Galaxy Digital, Unanimous Capital, and angels Balaji Srinivasan, Kain Warwick and Ryan Sean Adams. Hashflow's decentralized exchange is based on Ethereum.(More... <https://www.socaltech.com/fullstory/0081207.html>) *Illumina Donates $60M To Pathogen Genomics Effort* <https://www.socaltech.com/fullstory/0081208.html> San Diego-based life sciences equipment maker Illumina said this week that it is donating $60M to a global pathogen genomics initiative, in a partnership with the Bill & Melinda Gates Foundation. According to Illumina, the donation will support creating a comprehensive pathogen genomic network around the world, to help build critical public health capabilities in areas of need. (More... <https://www.socaltech.com/fullstory/0081208.html>) *GumGum Grabs $75M* <https://www.socaltech.com/fullstory/0081204.html> Santa Monica-based contextual advertising technology developer GumGum said earlier this month tht it raised $75M in an investment round from Goldman Sachs Growth. The funding--announced on April 13th--will go towards making its products more broadly available, and to expand and accelerate investments in international markets, according to the firm. As part of the funding, Holger Staude of Goldman Sachs Growth will join GumGum's board of directors. GumGum is led by CEO Phil Schraeder. (More... <https://www.socaltech.com/fullstory/0081204.html>) *Capsida Uncloaks With $140M In Funding* <https://www.socaltech.com/fullstory/0081199.html> Thousand Oaks-based Capsida Biotherapeutics, a new biotechnology company focused on using adeno-associated virus (AAV) engineering and cargo development platform to develop tissue-targeted gene therapies for multiple types of diseases, has uncloaked from stealth mode, saying it has raised $140M in total capital. (More... <https://www.socaltech.com/fullstory/0081199.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 *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]. *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>* 4/27/21 Guesty <https://www.socaltech.com/intelligence/?action=showdeal&id=102663> Walnut $50.00 M 4/21/21 Welcome Tech <https://www.socaltech.com/intelligence/?action=showdeal&id=102623> Los Angeles $35.00 M 4/13/21 Tagger Media <https://www.socaltech.com/intelligence/?action=showdeal&id=102521> Los Angeles $8.50 M 4/07/21 MarketSpark <https://www.socaltech.com/intelligence/?action=showdeal&id=102516> San Diego $7.00 M 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 ------------------------------ *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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