*socaltech.com <http://socaltech.com> TechNews - Monday, September 13, 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 * - Virgin Galactic Delays Next Test Flight <#0081698> - Diversis Capital Raises $675M Fund <#0081696> - MasonHub Extends Footprint On East Coast <#0081694> - Levine Leichtman Portfolio Firm Makes Acquisition <#0081697> - GreenPower Delivers First Electric Bus <#0081695> - Energy Vault To List On NYSE Via SPAC <#0081693> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Stradling: Westlake Village Offices Have Moved <#ad776> - Accelerating Growth For Early Stage Innovation. <#ad764> - Network Thinking Solutions - DevOps and Managed Services <#ad774> *Monday, September 13, 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]. *Virgin Galactic Delays Next Test Flight* <https://www.socaltech.com/fullstory/0081698.html> Virgin Galactic, the space tourism venture of Sir Richard Branson, has delayed its next test flight, due to what it described as a "potential manufacturing defect" in a component of its flight systems. According to the company, it was preparing for its next test flight, the "Unity 23" flight with the Italian Air Force, when a third-party supplier flagged a "potential manufacturing defect in a component of the flight control actuation system", causing the company to delay the planned flight. (More... <https://www.socaltech.com/fullstory/0081698.html>) *Diversis Capital Raises $675M Fund* <https://www.socaltech.com/fullstory/0081696.html> Los Angeles-based private equity investor Diversis Capital Management said this morning that it has raised a new, $675M fund. The company said its new fund, Diversis Capital Partners II, exceeded its target of $500M. The company said it reached the $675M in commitments just three months after its formal launch. (More... <https://www.socaltech.com/fullstory/0081696.html>) *MasonHub Extends Footprint On East Coast* <https://www.socaltech.com/fullstory/0081694.html> Los Angeles-based MasonHub, a venture-backed provider of fulfillment technology and services, is extending its footprint on the East Coast, saying this morning that it has opened up a 200,000 square-foot East Coast fulfillment center in Wilkes-Barre, PA. The company said the new fulfillment center will enable it to offer up two-day ground shipping to 90 percent of U.S. customers. MasonHub is backed by $6.5M in venture funding from Canvas Ventures, having raised a seed funding back in 2018. (More... <https://www.socaltech.com/fullstory/0081694.html>) *Levine Leichtman Portfolio Firm Makes Acquisition* <https://www.socaltech.com/fullstory/0081697.html> One of the portfolio companies of Los Angeles-based private equity investor Levine Leichtman Capital Partners has made a big acquisition, the company said this morning. According to Levine Leichtman, Monte Nido & Affiliates, its portfolio company, has acquired Walden Behavioral Care. Financial terms of the deal were not announced. Monte Nido & Affiliates is based in Miami, Florida; Walden Behavioral Care is based in Waltham, Massachusetts. (More... <https://www.socaltech.com/fullstory/0081697.html>) *GreenPower Delivers First Electric Bus* <https://www.socaltech.com/fullstory/0081695.html> Los Angeles-based zero-emissions heavy-duty vehicle company GreenPower Motor Company has delivered its first, all-electric school bus to a district in Santa Maria, according to the company. According to the company, its first BEAST school bus was just delivered to the Santa Maria Joint Union High School District. The company said the new school bus is an all-electric, 40-foot battery powered electric school bus with a range of up to 150 miles; the bus can seat up to 90 passengers. (More... <https://www.socaltech.com/fullstory/0081695.html>) *Energy Vault To List On NYSE Via SPAC* <https://www.socaltech.com/fullstory/0081693.html> Westlake Village-based gravity-based energy storage technology developer EnergyVault says it will list on the NYSE, via a merger with a special purpose acqisition company (SPAC), Novus Capital Corporation II. According to the two companies, they are in a definitive agreement for a business combination, where the combined company will trade on the NYSE under the symbol GWHR. The two said the combined firm will have an implied pro-forma enterprise value of $1. (More... <https://www.socaltech.com/fullstory/0081693.html>) *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]. *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 *Stradling: Westlake Village Offices Have Moved < [email protected]>* Stradling: Solutions at the speed of now Our Westlake Village office has moved to a new location: 3075 Townsgate Road, Suite 330 Westlake Village, CA 91360 805-730-6830 Brent Reinke Shareholder [email protected] 895-730-6825 *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 Zero Trust Policies. Please reach us at [email protected] to start a conversation or visit our website https://networkthinking.com/devops/ ------------------------------ *Recent Funding <#funding>* 9/08/21 Tiled, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103151> San Diego $13.70 M 9/08/21 Jam City <https://www.socaltech.com/intelligence/?action=showdeal&id=103153> Culver City $350.00 M 9/08/21 Replicate Bioscience, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103152> San Diego $40.00 M 9/03/21 Plantible Foods <https://www.socaltech.com/intelligence/?action=showdeal&id=103150> San Diego $21.50 M 8/31/21 H Code Media, LLC <https://www.socaltech.com/intelligence/?action=showdeal&id=103147> Santa Monica $0.00 M 8/31/21 Flip <https://www.socaltech.com/intelligence/?action=showdeal&id=103146> Los Angeles $28.00 M 8/27/21 Bright Live <https://www.socaltech.com/intelligence/?action=showdeal&id=103144> Santa Monica $15.00 M 8/26/21 Sugar Living <https://www.socaltech.com/intelligence/?action=showdeal&id=103145> Santa Monica $2.50 M 8/25/21 Energy Vault <https://www.socaltech.com/intelligence/?action=showdeal&id=103143> Westlake Village $100.00 M 8/25/21 Shield AI Inc <https://www.socaltech.com/intelligence/?action=showdeal&id=103142> San Diego $210.00 M 8/24/21 Greenfly <https://www.socaltech.com/intelligence/?action=showdeal&id=103141> Santa Monica $8.40 M 8/19/21 Apeel Sciences <https://www.socaltech.com/intelligence/?action=showdeal&id=103140> Goleta $250.00 M 8/19/21 RepairSmith <https://www.socaltech.com/intelligence/?action=showdeal&id=103139> El Segundo $42.00 M 8/16/21 Seismic <https://www.socaltech.com/intelligence/?action=showdeal&id=103138> Solana Beach $170.00 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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