*socaltech.com <http://socaltech.com> TechNews - Wednesday, April 20, 2022* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://www.socaltech.com/News> ------------------------------
*Sponsored By * Tech vs. Media Podcast (https://link.chtbl.com/aKC6DpJG) 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 * - Superjoi Takes $2.5M For Crowdfunding Creators <#0082413> - Report: Delta Testing Starlink For In-flight Internet <#0082412> - Beachbody Loses President, CFO <#0082410> - Greycroft Leads $20M Funding For prezent.ai <#0082409> - Camino Financial Names New VPs <#0082411> - Trust Snags $30M In Equity, Debt <#0082407> - European EV Battery Startup Founder Plans Effort In Imperial Valley <#0082405> *Marketplace* - Tech vs Media Episode 09: From MTV To NPR To Riot Games, Learning From Jarl Mohn <#ad789> - Accelerating Growth For Early Stage Innovation. <#ad764> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Stradling <#ad608> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pacific Western Bank, Venture Banking Group <#ad749> *Wednesday, April 20, 2022* *Superjoi Takes $2.5M For Crowdfunding Creators* <https://www.socaltech.com/fullstory/0082413.html> West Hollywood-based *Superjoi <https://superjoi.com>*, a new startup which operates a service to help creators raise money from their fans for projects, disclosed today that it has raised $2.5M in a pre-seed funding round. The funding included Ascension Ventures, QED Investors, Systema VC, Tomahawk and Modern Venture Partners. The startup is led by co-founder and CEO Chris Knight.(More... <https://www.socaltech.com/fullstory/0082413.html> ) *Report: Delta Testing Starlink For In-flight Internet* <https://www.socaltech.com/fullstory/0082412.html> Delta Air Lines is testing out Starlink, the satellite-based Internet service run by Hawthorne, California-based SpaceX, according to the WSJ. According to the report, Delta CEO Ed Bastian says that Delta has held talks with SpaceX, and has been conducting exploratory testing of Starlink for its planes. (More... <https://www.socaltech.com/fullstory/0082412.html>) *Beachbody Loses President, CFO* <https://www.socaltech.com/fullstory/0082410.html> El Segundo-based subscription health and wellness company The Beachbody Company announced late Tuesday that its President and CFO, Sue Collyns, is leaving the company. According to Beachbody, Collyns will "transition to a new chapter of opportunities in both the for-profit and non-profit sectors." Collyns will be replaced by Marc Suidan, former Partner at PricewaterhouseCoopers. The company said that Collyns will provide advisory services to the company until May 31, 2023. (More... <https://www.socaltech.com/fullstory/0082410.html>) *Greycroft Leads $20M Funding For prezent.ai* <https://www.socaltech.com/fullstory/0082409.html> Los Angeles-based venture capital investor Greycroft Partners is the lead investor in a Silicon Valley startup's Series A funding. According to prezent.ai, it raised $20M in a Series A funding round, which was led by Greycroft and also included WestWave Captial and Emergent Ventures. The company said it is developing an artificial intelligence powered "presentation productivity platform" for businesses. Greycroft's investment in prezent. (More... <https://www.socaltech.com/fullstory/0082409.html>) *Camino Financial Names New VPs* <https://www.socaltech.com/fullstory/0082411.html> Los Angeles-based AI-powered fintech startup Camino Financial says it has appointed a new set of VPs this week, as it expands its executive team. According to Camino Financial, it has named Shaja Selvamani as Vice President of Data Science, and Richard Solomon as Vice President of Credit Risk and Portfolio Management. (More... <https://www.socaltech.com/fullstory/0082411.html>) *Trust Snags $30M In Equity, Debt* <https://www.socaltech.com/fullstory/0082407.html> Los Angeles-based Trust, a fintech startup which helps emerging brands with extended payment terms and other services, said today that it has raised $30M, split between $25M in debt and $5M in equity. The $25M in debt funding came from Upper90, and the additional $5M in equity came from Sapphire Sport and Michael Vaughan (former COO of Venmo). Trust had previously raised equity from Lerer Hippeau, Lightspeed Venture Partners, Manta Ray, Sapphire Sport, Upfront Ventures, and Upper90. (More... <https://www.socaltech.com/fullstory/0082407.html>) *European EV Battery Startup Founder Plans Effort In Imperial Valley* <https://www.socaltech.com/fullstory/0082405.html> A founder of two, European electric vehicle battery startups, Lars Carlstrom, has announced a plan for a third, Lithium battery startup, this time located in the Imperial Valley. According to Carlstrom, who previously founded two EV battery companies--Britishvolt and Italvolt--he is launching a new startup called Statevolt, which plans to develop a 54GWh "gigafactory" to build Lithium batteries for the North American market. ( More... <https://www.socaltech.com/fullstory/0082405.html>) *Tech vs Media Episode 09: From MTV To NPR To Riot Games, Learning From Jarl Mohn <https://link.chtbl.com/aKC6DpJG>* Tech vs Media Episode 09: >From MTV, to running NPR, to investing in Riot Games, learn from the industry master Jarl Mohn Former NPR CEO Jarl Mohn recounts some of the most pivotable portions of his career which were in turn pivotal for all of us who are consumers of entertainment Listen here: https://link.chtbl.com/aKC6DpJG *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 *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. *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]. *Pacific Western Bank, Venture Banking Group <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $40 billion in assets and 69 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. For more information, visit http://www.pacwest.com/lending-solutions/venture-lending, or reach out to Britt Nelson at [email protected]. ------------------------------ *Recent Funding <#funding>* 4/15/22 Obsidian Security <https://www.socaltech.com/intelligence/?action=showdeal&id=103217> Newport Beach $90.00 M 4/14/22 Welcome Tech <https://www.socaltech.com/intelligence/?action=showdeal&id=103216> Los Angeles $30.00 M 4/12/22 Studio <https://www.socaltech.com/intelligence/?action=showdeal&id=103214> Los Angeles $50.00 M 3/23/22 Gamefam <https://www.socaltech.com/intelligence/?action=showdeal&id=103212> Los Angeles $25.00 M 3/23/22 Subject <https://www.socaltech.com/intelligence/?action=showdeal&id=103213> Los Angeles $29.40 M 3/10/22 Slingshot Aerospace <https://www.socaltech.com/intelligence/?action=showdeal&id=103210> El Segundo $25.00 M 3/10/22 Menlo Microsystems, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103211> Irvine $150.00 M 2/22/22 Fama Technologies, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103209> Los Angeles $10.00 M 2/17/22 Spotter, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103208> Beverly Hills $200.00 M 2/17/22 Voila <https://www.socaltech.com/intelligence/?action=showdeal&id=103207> Los Angeles $6.00 M 2/15/22 Telgorithm <https://www.socaltech.com/intelligence/?action=showdeal&id=103206> Northridge $3.80 M 2/11/22 Sekr <https://www.socaltech.com/intelligence/?action=showdeal&id=103205> San Diego $2.25 M 2/09/22 Happy Money <https://www.socaltech.com/intelligence/?action=showdeal&id=103203> Tustin $50.00 M 2/09/22 Complyant <https://www.socaltech.com/intelligence/?action=showdeal&id=103204> Los Angeles $5.50 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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