TOP NEWS

HubHaus $1.4M To Match Professionals With Shared Housing In LA

HubHaus, a startup which operates an online marketplace which lets people find shared housing with people with similar professional and other interests, has raised $1.4M in a seed funding round, the company disclosed this week. The company currently offers up its service only in San Francisco and Los Angeles. The funding was led by General Catalyst Partners....Continue →


Mindbody Plans To Raise $120M In Secondary Offering

San Luis Obispo-based software maker Mindbody said on Tuesday that it plans to launch a secondary offering, selling 4,400,000 shares of its stock, or approximately $120M. The company trades on the NASDAQ Global Market as MB. The offering comes two years after the IPO of the company. Mindbody is a developer of cloud-based software, used by spas and other health and wellness businesses manage appointment bookings and clients.Continue →


HIPPEAS Picks Up Funding Round From Leonardo DiCaprio, Others

Los Angeles-based natural snack food company HIPPEAS, which makes organic snack food made out of chickpeas, has raised a round of equity funding, the company announced on Tuesday. The funding came from Strand Equity Partners and Leonardo DiCaprio. Size of the funding was not announced. HIPPEASE was founded by CEO Livio Bisterzo. The company says its revenues are on track to more than triple this year, but it did not disclose any financial details on those revenues....Continue →


Embrace.io Raises $2.5M For Mobile Performance Feedback

Los Angeles-based Embrace.io, which is developing software to help provide performance feedback for mobile apps, is announcing this morning that it has raised $2.5M in a seed funding round. The funding was led by Eniac Ventures, and also included The Chernin Group, Techstars Ventures and BoxGroup, plus the founders of Burstly / Testflight and Parse. Embrace.io's co-founder and CEO is Eric Futoran. The company says its software is available to developers in limited release today. Embrace....Continue →


Interview with Jonathan Zweig, AppOnboard

Our interview this morning is with Jonathan Zweig, the CEO of Los Angeles-based AppOnboard (www.apponboard.com), which has created software which allows mobile app developers--and in particular, mobile game developers--to create demos of those games which can be played without having to download and install those apps....Continue →


Carpe Data Finds $6.6M

Santa Barbara-based Carpe Data, a new startup developing predictive data software for the insurance industry, has raised $6.6M in a Series A funding round. The funding was led by Aquiline Technology Growth (ATG). Carpe Data is led by Max Drucker. According to the company, the new funding will go towards sales and product development....Continue →


TP Therapeutics Raises $45M

San Diego-based biopharmaceuticals firm TP Therapeutics announced this morning that it has raised $45M in a Series C funding round. Lilly Asia Ventures (LAV), OrbiMed Advisors, LLC, and S.R. One, Limited co-led the round, and also included Cormorant Asset Management and SV Tech Ventures. Hongbo Lu of Lilly Asia Ventures, and Simeon J. George of S.R. One both join the company's board as part of the funding. TP Therapeutics is developing treatments for patients with oncology drug resistance....Continue →


NantHealth Snags COO From BlackBerry

Culver City-based personalized medicine developer NantHealth announced this morning that it has appointed Ronald A. Louks as its Chief Operating Officer. Louks was most recently President of Devices & Emerging Solutions at BlackBerry Limited, and also had been CEO of OpenNMS Group. Louks also served as Chief Strategy Officer for HTC Corporation, in addition to having been CO at Sony Ericsson. NantHealth is led by Dr. Patrick Soon-Shiong.Continue →


EDF Renewable Services, 3M In Wind Turbine Deal

San Diego-based EDF Renewable Services, a provider of third-party renewable operations and maintenance services for the energy industry, has joined with 3M, in a deal to install wind turbine enhancements in the U.S. The two said that EDF Renewable Services will install 3M's Wind Vortex Generators on wind turbines in the collaboration. 3M's wind vortex generators are small attachments installed on wind turbine blades, which improve a turbine's performance, loads, and service life....Continue →


Avery Dennison Buys Finesse Medical

Glendale-based Avery Dennison announced this morning that it has acquired Finesse Medical Ltd., an Irish company which develops products use for wound care and skin condition management. Financial terms of the acquisition were not announced. Finesse Medical is based in Longford, Ireland. The company develops silicone gels and polyurethane foam dressings used for wound care. Avery Dennison said that Finesse Medical had revenues of approximately 15 million Euros last year....Continue →


ViaSat Selected By Icelandair

Carlsbad-based satellite internet provider ViaSat is powering high-speed, Internet streaming for Icelandair, Icelandair said this morning. According to Icealdnair and Viasat, Icelandair will provider in-flight connectivity and internet streaming services on its transatlantic flights, across Icelandair's fleet of 16 Boeing 737MAX aircraft. Financial details of the deal were not disclosed....Continue →


MabVax Therapeutics Raises $4.1M In PIPE

San Diego-based MabVax Therapeutics has raised $4.1M in a Series G funding round, the company announced this morning, in a public offering of common stock and Series G Preferred stock. The company said that OPKO Health and its CEO and Chairman participated in the offering. MabVax is developing antibody-based products for treating cancer, and is publicly traded on the NASDAQ as MBVX.Continue →



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