*socaltech.com <http://socaltech.com> TechNews - Monday, July 25, 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 * - Fifth Wall Raises $500M For Climate Fund <#0082732> - Chipotle Jumps On Crypto Bandwagon With Giveaway <#0082730> - Health Note Gets $17M <#0082728> - Promenade Expands Tools To Meat, Seafood Stores <#0082729> - Cypress Creek Renewables Buys Energy Storage Projects In Texas <#0082731> - Whatnot Raises $260M More <#0082724> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - Accelerating Growth For Early Stage Innovation. <#ad764> - Pacific Western Bank, Venture Banking Group <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Monday, July 25, 2022* *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]. *Fifth Wall Raises $500M For Climate Fund* <https://www.socaltech.com/fullstory/0082732.html> Los Angeles-based real estate technology venture investor Fifth Wall has raised $500M in a new, climate fund, aimed at decarbonizing the global real estate market. The company said last week that the Climate Fund's LPs include BBVA, British Land, Camden Property Trust, CBRE, Cosan, The Durst Organization, Equity Residential, Hilton, Host Hotels & Resorts, Hudson Pacific Properties, Invitation Homes, Ivanhoe Cambridge, Kimco Realty Corp. (More... <https://www.socaltech.com/fullstory/0082732.html>) *Chipotle Jumps On Crypto Bandwagon With Giveaway* <https://www.socaltech.com/fullstory/0082730.html> Newport Beach-based Chipotle is jumping on the crypto bandwagon, saying this morning that it will give away $200,000 in free Bitcoin, Ethereum, Avalanche, Solana, or Dogecoin as part of a new, interactive game--and will also accept those cryptocurrencies for purchases. The company said its acceptance of cryptocurrency comes via a partnership with digital payments company Flexa, which will allow guests to use 98 different digital currencies to pay for food at the fast casual chain. (More... <https://www.socaltech.com/fullstory/0082730.html>) *Health Note Gets $17M* <https://www.socaltech.com/fullstory/0082728.html> Los Angeles-based healthcare software developer Health Note says it has raised $17M in a Series A funding round for its pre-visit, clinical intake automation software. According to the company, the round was led by SignalFire, and also included UnityPoint Health, Northwell Holdings, the for-profit arm of Northwell Health focused on investment in early stage/growth opportunities, and Cedars Sinai Health Ventures. (More... <https://www.socaltech.com/fullstory/0082728.html>) *Promenade Expands Tools To Meat, Seafood Stores* <https://www.socaltech.com/fullstory/0082729.html> Santa Monica-based software developer Promenade--formerly known as Bloomnation--says it is expanding its e-commerce software to support local butcher shops, letting meat and seafood stores take online orders. According to the company, its new solution is called Promenade for Butchers, and is aimed at independent butcher and seafood shops, offering up a custom search engine-optimized website, online ordering, delivery options, marketing, back-office management, and online and in-store sales. ( More... <https://www.socaltech.com/fullstory/0082729.html>) *Cypress Creek Renewables Buys Energy Storage Projects In Texas* <https://www.socaltech.com/fullstory/0082731.html> Santa Monica-based renewable energy developer and producer Cypress Creek Renewables said this morning that it has acquired four, Texas energy storage projects from Black Mountain Energy Storage (BMES). Financial details of the acquisition were not announced. Cypress Creek Renewables said the projects are each 100MW, and total 400MW/600MWh of capacity. The four projects are in the Electric Reliability Council of Texas (ERCOT) market and are currently under development. (More... <https://www.socaltech.com/fullstory/0082731.html>) *Whatnot Raises $260M More* <https://www.socaltech.com/fullstory/0082724.html> Los Angeles-based Whatnot said late Thursday that it has raised $260M in a Series D funding round for its live shopping platform. The funding was co-led by DST Global and CapitalG. Other investors in the round included BOND, Andreessen Horowitz (a16z) and YC Continuity. According to the company, this new funding brings its valuation to $3.7 billion. (More... <https://www.socaltech.com/fullstory/0082724.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 *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 *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]. *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 ------------------------------ *Recent Funding <#funding>* 7/19/22 FairPlay <https://www.socaltech.com/intelligence/?action=showdeal&id=103225> Los Angeles $10.00 M 6/30/22 Regard <https://www.socaltech.com/intelligence/?action=showdeal&id=103224> Los Angeles $15.30 M 6/16/22 Metropolis Technologies, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103223> Venice $167.00 M 6/14/22 Overair <https://www.socaltech.com/intelligence/?action=showdeal&id=103222> Santa Ana $145.00 M 5/11/22 PrismPop <https://www.socaltech.com/intelligence/?action=showdeal&id=103221> Pasadena $5.00 M 5/09/22 AskGene <https://www.socaltech.com/intelligence/?action=showdeal&id=103220> Camarillo $20.00 M 5/02/22 LinearB <https://www.socaltech.com/intelligence/?action=showdeal&id=103219> Santa Monica $50.00 M 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 Menlo Microsystems, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103211> Irvine $150.00 M 3/10/22 Slingshot Aerospace <https://www.socaltech.com/intelligence/?action=showdeal&id=103210> El Segundo $25.00 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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