*socaltech.com <http://socaltech.com> TechNews - Wednesday, January 5, 2022* 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 * - Dave Gets Approval On SPAC, To Start Trading Thursday <#0082060> - Fifth Wall Rakes In $1.1B In Funds In 2021 <#0082056> - ServiceTitan Acquires FieldRoutes <#0082057> - Aypa Power Buys Battery Storage Project In Downtown LA <#0082058> - Upfront Summit Delayed Due To COVID-19 Surge <#0082059> - Liquid Death Scores $75M More <#0082054> *Marketplace* - Network Thinking Solutions - DevOps and Managed Services <#ad774> - Stradling <#ad608> - Accelerating Growth For Early Stage Innovation. <#ad764> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> *Wednesday, January 5, 2022* *KPMG QuantumShift Program: Join an exclusive group of elite entrepreneurs <https://info.kpmg.us/quantumshift.html>* SHIFT TO A NEW LEVEL OF SUCCESS Welcoming America’s most innovative and promising CEOs to the University of Michigan’s campus in Ann Arbor for a five-day (May 1-6, 2022) learning and peer-to-peer networking experience. QuantumShift is led by faculty from the Stephen M. Ross School of Business and aims to help entrepreneurs improve their leadership approach, inspire their people, and maximize their growth opportunities. Interested in joining the class of 2022? Please apply here: https://info.kpmg.us/quantumshift.html *Dave Gets Approval On SPAC, To Start Trading Thursday* <https://www.socaltech.com/fullstory/0082060.html> Los Angeles-based banking app developer Dave will start trading on the Nasdaq Global Market as DAVE, starting Thursday, January 6th, after stockholders of VPC Impact Acquisition Holdings III approved the deal to merge with Dave in a SPAC deal. The acquisition by a special purpose acquisition company (SPAC) is the latest in a long line of transactions which have taken technology companies to the public markets, without the traditional initial public offering (IPO). (More... <https://www.socaltech.com/fullstory/0082060.html>) *Fifth Wall Rakes In $1.1B In Funds In 2021* <https://www.socaltech.com/fullstory/0082056.html> Los Angeles-based real estate technology investor Fifth Wall said Tuesday afternoon that it raised a total of $1.1 billion across its funds in 2021. ( More... <https://www.socaltech.com/fullstory/0082056.html>) *ServiceTitan Acquires FieldRoutes* <https://www.socaltech.com/fullstory/0082057.html> Los Angeles-based software developer ServiceTitan, which develops software used by contractors and the trades to manage their businesses, says it has acquired FieldRoutes, a developer of cloud-based software for the pest control and lawn care industry. Financial details of the acquisition were not announced. FieldRoutes was previously known as PestRoutes and Lobster Marketing. FieldRoutes is based in McKinney, Texas. (More... <https://www.socaltech.com/fullstory/0082057.html>) *Aypa Power Buys Battery Storage Project In Downtown LA* <https://www.socaltech.com/fullstory/0082058.html> Aypa Power, an energy storage company owned by private equity firm Blackstone, said it is acquiring a 120MW standalone battery energy storage project in downtown Los Angeles. Financial details of the deal were not announced. According to Aypa Power, the deal was with Eolus Project Holdings LLC. Aypa Power said the Cald battery energy storage system (BESS), which is currently in the development stage, will be up to 120 MW in size and located adjacent to the Calden substation. (More... <https://www.socaltech.com/fullstory/0082058.html>) *Upfront Summit Delayed Due To COVID-19 Surge* <https://www.socaltech.com/fullstory/0082059.html> The Upfront Summit, the high tech and venture capital company run by Upfront Ventures, has been delayed, the latest victim of resurging COVID-19 numbers and the Omicron variant. According to conference organizers, in an email to ticket holders, the summit has been postponed for at least five weeks, to March 1st and 2nd, rather than its original event dates of January 26th and 27th. The invite-only event had been scheduled to be held at the Banc of California Stadium in Expo Park. (More... <https://www.socaltech.com/fullstory/0082059.html>) *Liquid Death Scores $75M More* <https://www.socaltech.com/fullstory/0082054.html> Los Angeles-based canned water brand *Liquid Death <https://www.liquiddeath.com>* has raised $75M in a Series C funding round at a valuation of $525M. The funding was led by startup studio Science, and also included Live Nation, PowerPlant Partners, Access Capital, and Nomad Ventures. According to an interview with CEO Mike Cessario, the company had nearly $45M in revenues in 2021. The company has now raised $125M in total funding. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=60377>)(More... <https://www.socaltech.com/fullstory/0082054.html>) *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/ *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 *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]. ------------------------------ *Recent Funding <#funding>* 1/04/22 Liquid Death <https://www.socaltech.com/intelligence/?action=showdeal&id=103197> Santa Monica $75.00 M 12/17/21 Elementary Robotics <https://www.socaltech.com/intelligence/?action=showdeal&id=103196> Los Angeles $30.00 M 12/16/21 AvantStay <https://www.socaltech.com/intelligence/?action=showdeal&id=103195> Los Angeles $160.00 M 12/01/21 Ember Technologies <https://www.socaltech.com/intelligence/?action=showdeal&id=103194> Westlake Village $23.50 M 11/29/21 Ablaze Pharmaceuticals <https://www.socaltech.com/intelligence/?action=showdeal&id=103193> San Diego $75.00 M 11/18/21 Machina Labs <https://www.socaltech.com/intelligence/?action=showdeal&id=103192> Los Angeles $16.30 M 11/15/21 Intelligo <https://www.socaltech.com/intelligence/?action=showdeal&id=103189> Los Angeles $22.00 M 11/15/21 MingSight Pharmaceuticals <https://www.socaltech.com/intelligence/?action=showdeal&id=103191> San Diego $20.00 M 11/04/21 Huckleberry Labs <https://www.socaltech.com/intelligence/?action=showdeal&id=103186> Irvine $12.50 M 11/04/21 Biolinq Inc <https://www.socaltech.com/intelligence/?action=showdeal&id=103187> San Diego $100.00 M 11/03/21 Hone <https://www.socaltech.com/intelligence/?action=showdeal&id=103185> Encinitas $16.00 M 11/02/21 Shoreline Biosciences, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103183> La Jolla $140.00 M 11/01/21 Type:A Brands <https://www.socaltech.com/intelligence/?action=showdeal&id=103182> Los Angeles $0.00 M 10/28/21 SKYRYSE, INC. <https://www.socaltech.com/intelligence/?action=showdeal&id=103181> Ann Arbor $200.00 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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