*socaltech.com <http://socaltech.com> TechNews - Monday, May 10, 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 * - Science 37 Goes Public Via SPAC <#0081238> - Trubify Launches Live Music Streaming App <#0081239> - Yardi Launches Product In The UK <#0081240> - Fisker Runs Afoul Of SPAC Warrants Accounting, Plans Restatement <#0081241> - Phyn Rolls Out New Water Sensor <#0081237> - ReCharge Connects With $277M <#0081232> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Network Thinking Solutions - DevOps and Managed Services <#ad774> - Stradling <#ad608> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> *Monday, May 10, 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]. *Science 37 Goes Public Via SPAC* <https://www.socaltech.com/fullstory/0081238.html> Los Angeles-based Science 37, a developer of software used for managing clinical research projects, has gone public in a merger with LifeSci Acquisition II Corp., in a deal that values the company at approximately $1.05 billion. According to Science 37, the deal will provide it with a $250M balance sheet to fund its technology platform and extend into new markets. (More... <https://www.socaltech.com/fullstory/0081238.html>) *Trubify Launches Live Music Streaming App* <https://www.socaltech.com/fullstory/0081239.html> Los Angeles-based Trubify said today that it has launched a new, livestreaming music app, aimed at helping musicians earn revenue from livestreaming. The company says it pays out two cents per unique livestream viewer and one cent per unique viewer for archived content. The new startup looks to be jumping on the growing popularity of livestreaming, driven by the popularity of live chat app Clubhouse. The new startup is led by CEO and founder Stephen Tyszka. (More... <https://www.socaltech.com/fullstory/0081239.html>) *Yardi Launches Product In The UK* <https://www.socaltech.com/fullstory/0081240.html> Santa Barbara-based property management software developer Yardi says it has launched a new product in the United Kingdom. According to Yardi, it has launched Yardi Breeze Premier for the UK property market, providing property management and accounting to small and medium-sized real estate landlords and property agencies. (More... <https://www.socaltech.com/fullstory/0081240.html>) *Fisker Runs Afoul Of SPAC Warrants Accounting, Plans Restatement* <https://www.socaltech.com/fullstory/0081241.html> Los Angeles-based electric car company Fisker Inc. has run afoul of warrant accounting issues related to the special purpose acquisition company (SPAC) transaction it was involved in, and will restate its 10-K for the year ended December 31, 2020. According to Fisker Inc., the restatement comes as a result of the April 12th Staff Statement by the U.S. Securities and Exchange Commission, which addressed issues of how warrants have been accounted for by SPACs. (More... <https://www.socaltech.com/fullstory/0081241.html>) *Phyn Rolls Out New Water Sensor* <https://www.socaltech.com/fullstory/0081237.html> Los Angeles-based Phyn, which develops high tech devices to help homeowners monitor water usage in their home, said it launched a brand new product. According to the company, it has rolled out the Phyn Smart Water Sensor, a compact battery powered device that provides homeowners with extra security against water damage, along with the Phyn Water Sensor Extension Node and the Phyn Water Sensor Cable. (More... <https://www.socaltech.com/fullstory/0081237.html>) *ReCharge Connects With $277M* <https://www.socaltech.com/fullstory/0081232.html> Santa Monica-based ReCharge, a developer of subscription e-commerce tools, has raised $277M in a funding round from Summit Partners, ICONIQ Growth, and Bain Capital Ventures. According to the company, the new funding round values the company at $2.1 billion. ReCharge said that it has added Andrew Collins of Summit Partners, Aaref Hilaly of Bain Capital Ventures, and Yoonkee Sull of ICONIQ Growth to its board as a result of the funding round. (More... <https://www.socaltech.com/fullstory/0081232.html>) *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]. *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. *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. *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>* 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 ------------------------------ *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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