*socaltech.com <http://socaltech.com> TechNews - Tuesday, August 1, 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 * - March Capital Leads $175M Investment In Nile <#0083568> - Snapchat Launches New Lens Creator Program <#0083569> - EVgo Ships 1000th DC Fast Charging Stall <#0083570> - Impulse Space Plans Two Additional Missions <#0083567> - Global Premier Fertility Snags Funding <#0083566> - VICE Media Group Acquired Out Of Bankruptcy By Lenders <#0083565> *Marketplace* - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad796> - Accelerating Growth For Early Stage Innovation. <#ad764> *Tuesday, August 1, 2023* *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]. *March Capital Leads $175M Investment In Nile* <https://www.socaltech.com/fullstory/0083568.html> Los Angeles-based venture capital investor March Capital is the co-lead investor in networking equipment maker Nile, a startup founded by former Cisco Systems' CEO John Chambers, in a $175M, Series C funding. Nile said it raised the new funding round from March Capital and Sanibil Investments, along with solutions by stc, Prosperity7, Liberty Global Ventures, and stc CIF (Corporate Investment Fund), plus 8VC, Geodesic Capital, FirstU Capital, and Valor Equity Partners. (More... <https://www.socaltech.com/fullstory/0083568.html>) *Snapchat Launches New Lens Creator Program* <https://www.socaltech.com/fullstory/0083569.html> Venice, California-based *Snapchat <https://www.snapchat.com>* is launching a new "Lens Creator" program, which it says will pay creators up to $7,200 per month <https://techcrunch.com/2023/08/01/snapchat-is-launching-a-new-rewards-program-for-ar-lens-creators/> for top performing Lens. The reward program is initially focused on boosting engagement of users in the United States, India, and Mexico.( More... <https://www.socaltech.com/fullstory/0083569.html>) *EVgo Ships 1000th DC Fast Charging Stall* <https://www.socaltech.com/fullstory/0083570.html> Los Angeles-based public electric vehicle (EV) charging network operator *EVgo said this morning that it has shipped its 1,000 DC fast charging stall. The company said the milestone is part of a collaboration with General Motors aimed at installing 3,250 DC fast charging stalls in major metro markets. The 1,000 chargers are installed at 230 locations in 27 states.( <https://www.evgo.com>More... <https://www.socaltech.com/fullstory/0083570.html>) Impulse Space Plans Two Additional Missions <https://www.socaltech.com/fullstory/0083567.html>Redondo Beach-based space startup Impulse Space says it is planning two, new missions, which will test its "in-space services" technology. According to the company, its new LEO Express-2 and LEO Express-3 missions will launch in 2024, and perform "in-space services, including payload hosting, last-mile orbital delivery, constellation deployment, low altitude maneuvers and controlled atmospheric re-entry. (More... <https://www.socaltech.com/fullstory/0083567.html>) Global Premier Fertility Snags Funding <https://www.socaltech.com/fullstory/0083566.html>Irvine-based Global Premier Fertility, a company which builds and manages fertility clinics, said it has received a new round of capital from its existing investors, along with a new, institutional funding partner. Size of the investment and investor was not announced. The funding was announced by Albatross Capital Partners. The company is led by founder and CEO Kolin Ozonian. (More... <https://www.socaltech.com/fullstory/0083566.html>) VICE Media Group Acquired Out Of Bankruptcy By Lenders <https://www.socaltech.com/fullstory/0083565.html>VICE Media Group <https://www.vicemediagroup.com>, which has some operations in Los Angeles, says that it has completed the sale of the company to a consortium of former lenders, including affiliates of Fortress Investment Group LLC, Soros Fund Management and Monroe Capital. VICE Media Group was acquired out of bankruptcy <https://www.cnn.com/2023/06/22/media/vice-acquired-bankruptcy/index.html>. The consortium of investors paid around $350M for the assets of VICE.(More... <https://www.socaltech.com/fullstory/0083565.html>) 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 <http://www.pixelgate.net> 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 <http://www.pixelgate.net> 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 <http://www.preccelerator.com> * * ------------------------------ Recent Funding <#funding> 4/13/23Altruist <https://www.socaltech.com/intelligence/?action=showdeal&id=110844>Culver City$112.00 M2/10/23Fabric8Labs <https://www.socaltech.com/intelligence/?action=showdeal&id=110604>San Diego$50.00 M1/31/23Saviynt <https://www.socaltech.com/intelligence/?action=showdeal&id=110563>El Segundo$205.00 M1/23/23ADARx Pharmaceuticals, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=110494>San Diego$46.10 M1/19/23PLAI Labs <https://www.socaltech.com/intelligence/?action=showdeal&id=103242>Culver City$32.00 M1/19/23Oro Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103241>Los Angeles$13.00 M1/19/23ContractSafe <https://www.socaltech.com/intelligence/?action=showdeal&id=103240>Malibu$27.50 M1/17/23Sensible Weather <https://www.socaltech.com/intelligence/?action=showdeal&id=103239>Santa Monica$0.00 M1/10/23CRISPR QC <https://www.socaltech.com/intelligence/?action=showdeal&id=103238>San Diego$1.60 M1/10/23Cari Health <https://www.socaltech.com/intelligence/?action=showdeal&id=103237>San Diego$3.20 M1/09/23PBS Biotech <https://www.socaltech.com/intelligence/?action=showdeal&id=103236>Camarillo$22.00 M12/07/22Drata Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103235> San Marcos$200.00 M10/21/22Kudos Technologies <https://www.socaltech.com/intelligence/?action=showdeal&id=103234>Woodland Hills$7.00 M9/22/22TheoryCraft Games <https://www.socaltech.com/intelligence/?action=showdeal&id=103233>Los Angeles$50.00 M ------------------------------ Upcoming Events Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html <http://www.socaltech.com/submitevent.html> ------------------------------ ------------------------------ ------------------------------ Sponsored By Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com <http://www.stubbsalderton.com>). Business. Technology. Law. Vision. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html <http://home.kpmg/us/en/home/about/offices/los-angeles-1.html>) Level up with KPMG Email [email protected] <[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. 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