*socaltech.com <http://socaltech.com> TechNews - Tuesday, June 29, 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 * - Mapped Snags Second Seed Funding <#0081437> - FutureProof Gets $3M For Climate Risk Management <#0081436> - TOCA Football Scores $40M <#0081435> - Tapcart Takes $50M For Mobile Commerce <#0081434> - Oblong Gets $12.4M In PIPE <#0081433> - QAD In $2 Billion Private Equity Acquisition <#0081432> - School Links With Belkin On Combined High School, College Effort <#0081431> - Ankona Capital Raises $66M For New Venture Capital Fund <#0081430> *Marketplace* - Support Our News Coverage - Become A Member Today! <#ad680> - Pacific Western Bank, Venture Banking Group <#ad749> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Network Thinking Solutions - DevOps and Managed Services <#ad774> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> *Tuesday, June 29, 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. *Mapped Snags Second Seed Funding* <https://www.socaltech.com/fullstory/0081437.html> Los Angeles-based Mapped, a developer of artificial intelligence-powered software used for industrial Internet-of-Things (IoT), has raised $6.5M a second seed funding. The funding came from MetaProp and Allegion Ventures, plus Singtel Innov8, Greycroft, and ANIMO Ventures. The company said the seed II fund brings its total raised to $9.5M, including a $3M funding round in February of 2020. (More... <https://www.socaltech.com/fullstory/0081437.html>) *FutureProof Gets $3M For Climate Risk Management* <https://www.socaltech.com/fullstory/0081436.html> San Diego-based fintech startup FutureProof, a new startup whic says it is developing financial technology to enable asset managers, banks, and insurance-sector institutions to quantify and manage the financial impacts of climate change, has raised $3M in a funding round. The funding was led by Innovation Endeavors, and also included MS&AD Ventures and Blackhorn Ventures. The company says it has also partnered with Tishman Speyer and Equilibrium Capital as part of the funding effort. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=102955> )(More... <https://www.socaltech.com/fullstory/0081436.html>) *TOCA Football Scores $40M* <https://www.socaltech.com/fullstory/0081435.html> Costa Mesa-based TOCA Football, which operates 14 sports centers focused on soccer training, has raised $40M in its Series E funding. According to TOCA Football, the Series E funding was led by current investors WestRiver Group, RNS TOCA Partners LLC, and D2 Futbol Investors, LLC, and also included new investors, including angel investor Jared Smith, the co-founder and former COO of Qualtrics. TOCA said it has now raised $105M in total funding. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=102954>)(More... <https://www.socaltech.com/fullstory/0081435.html>) *Tapcart Takes $50M For Mobile Commerce* <https://www.socaltech.com/fullstory/0081434.html> Santa Monica-based Tapcart, a startup focused on helping Shopify-powered e-commerce brands with mobile apps, has raised $50M in a Series B funding round, the company announed Monday afternoon. According to Tapcart, the funding was led by Left Lane Capital, and also included Shopify, SignalFire, Greycroft, Act One Ventures, and Amplify LA. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=102953> )(More... <https://www.socaltech.com/fullstory/0081434.html>) *Oblong Gets $12.4M In PIPE* <https://www.socaltech.com/fullstory/0081433.html> Los Angeles-based Oblong, which develops futuristic collaboration systems, said on Monday that it has raised $12.4M in a registered direct offering, from both pre-existing and new institutional investors. The publicly traded company--which trades on the Nasdaq as OBLG--said it sold 4,000,000 sahres of its common stock at a purchase price of $3.10 per share. Oblong said it intends to use the net proceeds for general corporate purposes. (More... <https://www.socaltech.com/fullstory/0081433.html>) *QAD In $2 Billion Private Equity Acquisition* <https://www.socaltech.com/fullstory/0081432.html> Santa Barbara-based supply chain software developer QAD has entered into a $2 billion acquisition deal with private equity investor Thoma Bravo, the company said on Monday. According to QAD, its shareholders will receive $87.50 per share in cash from Thoma Bravo, in an all-cash transaction. The take-private deal will result in QAD no longer trading on public markets. ( More... <https://www.socaltech.com/fullstory/0081432.html>) *School Links With Belkin On Combined High School, College Effort* <https://www.socaltech.com/fullstory/0081431.html> Is the future of learning at your local corporate campus? In the case of a new, emerging private high school in Los Angeles, it might be. Portal Schools and consumer electronics giant Belkin International said on Monday that the two are partnering to launch an on-campus, combined high school and college degree at Belkin International's office headquarters in Los Angeles, starting in August. (More... <https://www.socaltech.com/fullstory/0081431.html>) *Ankona Capital Raises $66M For New Venture Capital Fund* <https://www.socaltech.com/fullstory/0081430.html> Newport Beach-based Ankona Capital, a new, venture capital company founded by Josh Harmsen, Brian Mesic, Newth Morris, and Jared Smith, has raised $66M in its first, venture capital fund. The company says it invests between $5M to $10M in early, growth-stage B2B software companies which are already generating $5M to $15M in recurring revenues. Ankona says its portfolio companies already include several companies, including Canopy, Cordial, GoSite, SOCi, VideoAmp, and Zingle. (More... <https://www.socaltech.com/fullstory/0081430.html>) *Support Our News Coverage - Become A Member Today! <https://www.socaltech.com/Membership>* We often get asked--how do we pay for our news coverage and our publishing efforts? That's simple -- it's a combination of our sponsors and YOU. How can YOU make sure you continue to get news on Southern California's technology industry? By becoming a member of socaltech! Not only do you get to support our news coverage, but you also get access to our big database of Southern California companies, venture investors, service providers, and deal information, and many other resources. We are relying on YOU! Join today at http://www.socaltech.com/Membership *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]. *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. *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>* 6/29/21 TOCA Football, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=102954> Costa Mesa $40.00 M 6/29/21 FutureProof <https://www.socaltech.com/intelligence/?action=showdeal&id=102955> San Diego $3.00 M 6/28/21 Tapcart <https://www.socaltech.com/intelligence/?action=showdeal&id=102953> Santa Monica $50.00 M 6/24/21 GOAT <https://www.socaltech.com/intelligence/?action=showdeal&id=102952> Los Angeles $195.00 M 6/16/21 RayzeBio, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=102909> San Diego $108.00 M 6/14/21 EcoATM <https://www.socaltech.com/intelligence/?action=showdeal&id=102908> San Diego $75.00 M 6/10/21 Mythical Games <https://www.socaltech.com/intelligence/?action=showdeal&id=102893> Sherman Oaks $75.00 M 6/01/21 Impervious.ai <https://www.socaltech.com/intelligence/?action=showdeal&id=102827> Los Angeles $0.00 M 6/01/21 Red 6 <https://www.socaltech.com/intelligence/?action=showdeal&id=102828> Santa Monica $30.00 M 5/27/21 iLife <https://www.socaltech.com/intelligence/?action=showdeal&id=102845> Irvine $4.00 M 5/25/21 Docbot <https://www.socaltech.com/intelligence/?action=showdeal&id=102764> Irvine $4.00 M 5/24/21 ProducePay <https://www.socaltech.com/intelligence/?action=showdeal&id=102762> Los Angeles $43.00 M 5/20/21 Sunbit, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=102761> Los Angeles $130.00 M 5/19/21 National Resilience, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=102760> La Jolla $164.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html June 29, Los Angeles -- *Plug and Play Downtown Los Angeles Launch* *NEW* . See http://www.socaltech.com/calendar/eventid/26728 June 29, Long Beach -- *Long Beach Small Business Online Networking Event* Long Beach Small Business Online Networking Event. The Long Beach SBDC is hosting a virtual networking event on Tues. 29/6/2021 at 4:30pm PDT for business owners interested in exchanging ideas. See http://www.socaltech.com/calendar/eventid/26727 July 21, Los Angeles -- *DigiMarCon America 2021 - Digital Marketing, Media and Advertising Conference* DigiMarCon America 2021 - Digital Marketing, Media and Advertising Conference. DigiMarCon America 2021 is your chance to ... – Hear from some of the most audacious and thought provoking speakers in the digital marketing, media and advertising industry. – Gain insight into emerging strategies, the latest innovative technologies, and best practices to move your business to the next level. – Network with thought leaders, collaborate with your peers and build your professional network. See http://www.socaltech.com/calendar/eventid/26723 ------------------------------ *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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