*socaltech.com <http://socaltech.com> TechNews - Thursday, May 6, 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 * - Honest Co. Veterans Launch ELM Foods For Plant-Based Groceries <#0081230> - EngineEars Scores $1M In First Funding <#0081229> - InvestCloud Acquires Advicent <#0081231> - NXCR, J.D. Power In Strategic Alliance <#0081228> - Flowspace Names Engineering VP <#0081227> - Honest Co. Raises $413M In IPO, Surges In IPO Debut <#0081226> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Accelerating Growth For Early Stage Innovation. <#ad764> - Network Thinking Solutions - DevOps and Managed Services <#ad774> *Thursday, May 6, 2021* *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. *Honest Co. Veterans Launch ELM Foods For Plant-Based Groceries* <https://www.socaltech.com/fullstory/0081230.html> Two veterans of Honest Co. have launched a new startup, ELM Foods, focused on online grocery shopping for plant-based foods. According to ELM Foods, its two founders--Joel Jackson and Melissa Williams--were both at Honest Co., the newly public provider of natural baby and household products. According to ELM Foods, it is offering up "intelligent" recipe and meal-plan shopping for sustainable and healthy groceries, helping its customers eat a plant-based diet. (More... <https://www.socaltech.com/fullstory/0081230.html>) *EngineEars Scores $1M In First Funding* <https://www.socaltech.com/fullstory/0081229.html> Los Angeles-based EngineEars, a new startup that helps connect audio engineers with clients, said on Wednesday that it has raised $1M in a pre-seed funding round. The funding was led by Slauson & Co., and also included Kendrick Lamar, Roddy Ricch, Russ, Mustard, DJ Khaled, YG, Ella Mai, Bas, Smino, Masego, Cardogotwings, Young Guru, Kenny Beats, Ibrahim Hamad of Dreamville, La Mar Taylor of XO, Meko Yohannes of 10Summers, and indie-record label EQT. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=102718> )(More... <https://www.socaltech.com/fullstory/0081229.html>) *InvestCloud Acquires Advicent* <https://www.socaltech.com/fullstory/0081231.html> Los Angeles-based InvestCloud, which develops software for the financial planning and banking market, said late Wednesday that it has acquired Advicent, a provider of cash flow, trust ,and tax financial planning technology. Advicent was backed by Vista Equity. Financial details of the acquisition were not announced. Advicent was based in Milwaukee, Wisconsin. (More... <https://www.socaltech.com/fullstory/0081231.html>) *NXCR, J.D. Power In Strategic Alliance* <https://www.socaltech.com/fullstory/0081228.html> Santa Monica-based NXCR ,the subscription vehicle startup led by auto- and startup-veteran Scott Painter, and auto analytics company J.D. Power announced on Wednesday that the two companies are in a strategic alliance, which will link J.D. Power's data solutions, vehicle valuations, and "consumer insights" into NXCR's vehicle subscription service. Financial details of the strategic alliance were not annouced. NXCR will use J.D. ( More... <https://www.socaltech.com/fullstory/0081228.html>) *Flowspace Names Engineering VP* <https://www.socaltech.com/fullstory/0081227.html> Los Angeles-based Flowspace, a startup developing fulfillment software for e-commerce companies, said this week that it has named Piranavan Selvanandan as its new Vice President of Engineering. Selvanandan most recently was at Salesforce, in software engineering, and also served at HP. Flowspace said Selvanandan spent nearly a decade at Salesforce. The new exec comes following a $31M, Series B funding round for Flowspace in March. Flowspace is backed by BuildGroup. (More... <https://www.socaltech.com/fullstory/0081227.html>) *Honest Co. Raises $413M In IPO, Surges In IPO Debut* <https://www.socaltech.com/fullstory/0081226.html> Los Angeles-based Honest Co., the lifestyle brand offering up baby, skin, and household products, debuted in its IPO on Wednesday, raising $413M for the company--and bringing yet another Southern California startup to the public markets. Honest Co. priced its IPO last night at $16.00 per share, at the midpoint of its $14.00 to $17.00 estimated IPO range, and surged in trading on Wednesday, up nearly 38% in mid-day trading at over $22.00 per share. Honest Co. now trades on the Nasdaq as HNST. (More... <https://www.socaltech.com/fullstory/0081226.html>) *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]. *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 *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]. *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 *Network Thinking Solutions - DevOps and Managed Services <http://www.networkthinking.com>* Network Thinking Solutions provides DevOps and Managed Services for Los Angeles, Ventura and Santa Barbara counties. NTS helps development teams implement, manage and monitor CI/CD, Load Balancing, Docker and Auto Scaling technologies. NTS also provides Desktop Managed Services for your business team which includes antivirus, threat protection, ransomware detection, and inventory management. Please reach us at [email protected] to start a conversation. ------------------------------ *Recent Funding <#funding>* 5/06/21 EngineEars <https://www.socaltech.com/intelligence/?action=showdeal&id=102718> Los Angeles $1.00 M 5/04/21 Kajabi <https://www.socaltech.com/intelligence/?action=showdeal&id=102664> Irvine $550.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html May 8, Los Angeles -- *LAVA: First Time Entrepreneur Training Seminar* *NEW* . See http://www.socaltech.com/calendar/eventid/26714 ------------------------------ *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. 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