*socaltech.com <http://socaltech.com> TechNews - Friday, March 3, 2023* 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 * - Report: EU Plans To Approve Activision Acquisition By Microsoft <#0083263> - Champions Round Takes $7M For Fantasy Sports <#0083262> - Cuadrilla Capital Backs Chartbeat Acquisitions <#0083260> - BuildOps Taps Salesforce Vet For Board <#0083259> - Yardi Aims At Corporate ESG <#0083261> - Highway Benefits Picks Up $3.1M <#0083256> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pacific Western Bank, Venture Banking Group <#ad797> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Friday, March 3, 2023* *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 *Report: EU Plans To Approve Activision Acquisition By Microsoft* <https://www.socaltech.com/fullstory/0083263.html> A report this morning from Reuters says that the European Union is getting set to approve <https://www.reuters.com/markets/deals/eu-unlikely-demand-asset-sales-microsoft-activision-deal-sources-say-2023-03-02/> the acquisition of Santa Monica-based *Activision <https://www.activision.com>* by *Microsoft <https://www.microsoft.com>*. The deal is worth $69 billion, and was announced in January of last year.( More... <https://www.socaltech.com/fullstory/0083263.html>) *Champions Round Takes $7M For Fantasy Sports* <https://www.socaltech.com/fullstory/0083262.html> Los Angeles-based *Champions Round <https://www.championsround.com>*, a developer of fantasy sports games focused on the NBA and NFL, said this week that it has raised $7M in a Series A funding round. The funding was led by Point72 Ventures and Goodwater Capital. Point72 Ventures is the investment firm of the New York Mets' owner Steve Cohen.(More... <https://www.socaltech.com/fullstory/0083262.html>) *Cuadrilla Capital Backs Chartbeat Acquisitions* <https://www.socaltech.com/fullstory/0083260.html> Santa Barbara-based Cuadrilla Capital, a relatively new enterprise software investment firm founded by Jonah Sulak and Vikram Abraham, said one if its portfolio companies, Chartbeat, has acquired two companies. According to Cuadrilla, Chartbeat acquired two companies, Lineup Systems and Tubular Labs. Financial details of the transactions were not announced. Lineup Systems develops advertising and subscription management software, and Tubular Labs is a social video measurement software developer. (More... <https://www.socaltech.com/fullstory/0083260.html>) *BuildOps Taps Salesforce Vet For Board* <https://www.socaltech.com/fullstory/0083259.html> Los Angeles-based *< href="https://www.buildops.com <https://www.buildops.com>">BuildOps*, which is developing software-as-a-service for commercial contractors, said on Thursday that it has named former Salesforce President and Chief Strategy Officer Gavin Patterson to its board of advisors. Patterson joins others, including Boost Mobile CEO Stokols, on the company's board. BuildOps is venture backed by the Founders Fund, Next47 (Siemens), Global Founders Capital, and others.( More... <https://www.socaltech.com/fullstory/0083259.html>) *Yardi Aims At Corporate ESG* <https://www.socaltech.com/fullstory/0083261.html> Santa Barbara-based software developer *Yardi <https://www.yardi.com>* is aiming at the corporate ESG (environmental, social and governance) market, saying that its ESG offering now includes data aggregation, reporting to ENERGY STAR and GRESB, and products to improve energy efficiency and reduce energy usage in buildings. Yardi offers up a number of software products aimed at real estate companies, and has over 8,500 employees.(More... <https://www.socaltech.com/fullstory/0083261.html>) *Highway Benefits Picks Up $3.1M* <https://www.socaltech.com/fullstory/0083256.html> Manhattan Beach-based Highway Benefits, a new fintech startup which offers up help with student loan repayments as an employee benefit, has raised $3.1M in a seed funding round. The funding was led by XYZ Venture Capital, and also included angel Roger Ferguson Jr. The company said its founders are Mick MacLaverty and Cory Michael, who were both graduate students at UCLA's Anderson School of Management in 2021. (More... <https://www.socaltech.com/fullstory/0083256.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]. *Pacific Western Bank, Venture Banking Group <https://www.pacwest.com>* Pacific Western Bank is a commercial bank with over $41 billion in assets headquartered in Los Angeles, California, with an executive office in Denver, Colorado. Our venture banking team specializes in financial products and services for startups, venture-backed businesses, and their venture capital and private equity investors. We are dedicated to delivering high-touch, tailored solutions, helping innovators take their business to the next level. No matter the size or stage of your business, you can expect guidance, resources and flexibility, making them the perfect team to support your evolving needs. For more information, visit www.pacwest.com, or follow them on LinkedIn and Twitter. *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 *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>* 2/10/23 Fabric8Labs <https://www.socaltech.com/intelligence/?action=showdeal&id=110604> San Diego $50.00 M 1/31/23 Saviynt <https://www.socaltech.com/intelligence/?action=showdeal&id=110563> El Segundo $205.00 M 1/23/23 ADARx Pharmaceuticals, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=110494> San Diego $46.10 M 1/19/23 PLAI Labs <https://www.socaltech.com/intelligence/?action=showdeal&id=103242> Culver City $32.00 M 1/19/23 Oro Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103241> Los Angeles $13.00 M 1/19/23 ContractSafe <https://www.socaltech.com/intelligence/?action=showdeal&id=103240> Malibu $27.50 M 1/17/23 Sensible Weather <https://www.socaltech.com/intelligence/?action=showdeal&id=103239> Santa Monica $0.00 M 1/10/23 CRISPR QC <https://www.socaltech.com/intelligence/?action=showdeal&id=103238> San Diego $1.60 M 1/10/23 Cari Health <https://www.socaltech.com/intelligence/?action=showdeal&id=103237> San Diego $3.20 M 1/09/23 PBS Biotech <https://www.socaltech.com/intelligence/?action=showdeal&id=103236> Camarillo $22.00 M 12/07/22 Drata Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103235> San Marcos $200.00 M 10/21/22 Kudos Technologies <https://www.socaltech.com/intelligence/?action=showdeal&id=103234> Woodland Hills $7.00 M 9/22/22 TheoryCraft Games <https://www.socaltech.com/intelligence/?action=showdeal&id=103233> Los Angeles $50.00 M 9/09/22 Arena Club <https://www.socaltech.com/intelligence/?action=showdeal&id=103232> Los Angeles $9.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ ------------------------------ ------------------------------ *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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