TOP NEWS

US Sees Big Bump In IPOS In First Half Of 2017

The United States saw a big bump in IPOs in the first half of 2017, according to a report from E&Y issued on Tuesday afternoon. According to the EY Global IPO Trends: Q2 2017 report, there has been "brisk" IPO activity globally, in what the report says is "one of its strongest starts in nearly a decade." The report tallied up 80 IPOs raising $22 billion in the first half of 2017, which was up 216 percent in terms of proceeds raised, and 82 percent in terms of number of deals....Continue →


UCLA Pulls Commitments From Binary Capital

UCLA, a limited partner in venture capital investment fund Binary Capital, has pulled its committment to the venture fund over the weekend, after Managing Director Justin Caldbeck was accused of unwanted advances towards women. UCLA had been one of the venture capital fund's first investors. Caldbeck is accused of unwanted sexual advances on women pitching the fund for investments....Continue →


Two Uber Drivers In LA Accused Of Sexual Assaults

Two drivers on ridesharing service Uber have been accused of two, separate sexual assault incidents in Los Angeles over the last week. One of the two women victims has filed a lawsuit alleging that Uber has a "toxic culture for women inside the company and for women riders on the road." The first incident involved a groping incident on June 9th....Continue →


HireRight Names Marketing, Product VP

Irvine-based HireRight, which provides global employment background checks, drug and health screening, and electronic Form I-9 and E-Verify services, said Monday that it has named Kathleen Delaney as its Vice President of Marketing and Product. Delaney was previously Chief Marketing Officer for Vistage Worldwide, and also served at such firms as Aon Risk Solutions, LexisNexis, and Dow Jones and Company.Continue →


NantCell Ups Altor BioScience Acquisition Offer

Culver City-based NantCell, one of the companies that is part of Dr. Patrick Soon-Shiong's NantWorks group of companies, is acquiring Altor Bioscience. The deal is worth approximately $290M. According to NantCell, it will pay $2.00 in cash or NantCell common stock for each share of Altor BioScience stock, with an additional $4.00 in "contingent value rights" based on regulatory and sales milestones. NantCell said the price is a "significant premium" to recent equity financings....Continue →


Cornerstone OnDemand Wins Sylvan Learning

Santa Monica-based Cornerstone OnDemand, the developer of cloud-based employee learning, talent management, and human resources management software, has signed up Sylvan Learning as a customer. According to Cornerstone OnDemand, it will offer up learning communities, discussion boards and peer-to-peer learning and development to Sylvan Learning across more than 750 retail locations. Financial impact of the customer win was not announced.Continue →


Oncolytics Biotech Opens San Diego Office

Canadian biotech developer Oncolytics Biotech has opened up a new office in San Diego, the company said this morning, to tap into the area's reputation as a biotech hub. According to Oncolytics Biotech, the new office will support investor relations, business development, and clinical operations functions....Continue →


Eloxx Pharmaceuticals Raises $6M

Rehovat, Israel-based Eloxx Pharmaceuticals, which is a wholly owned subsidiary of San Diego-based Sevion Therapeutics, said it ha raised $6M as part of a Series C funding round. The funding came from Korea Investment Partners (KIP) and DSC Investments, and is part of the acquisition deal between Sevion and Eloxx. The companies said that Eloxx has now raised $30M in its Series C funding....Continue →


RentTrack Gets Series A Funding

Santa Barbara-based RentTrack, a startup developing online rent payment and reporting software, said on Monday that it has raised a Series A funding round. Size of the funding was not disclosed. RentTrack said the funding was led by Yabeo. The company said the funding will go towards growth in Canada and the UK. RentTrack is led by founder and CEO Matt Briggs.Continue →


NGEN Partners Gets Exit At Choose Energy

Santa Barbara- and New York-based clean technology investor NGEN Partners has scored an exit at Choose Energy, a startup which lets consumers comparison shop for and select electric energy providers, according to a report. The report, from Fortune, said the deal was worth less than $100M. Choose Energy had also raised funding from Kleiner Perkins Caufield & Byers, BlueScape Resources, and angels, and was based in Texas. Grubstein was on the board of Choose Energy....Continue →


SpaceX Launches 10 Iridium Satellites Into Space From Vandenberg

Los Angeles-based space rocket developer SpaceX completed its launch on Sunday, putting ten Iridium satellites into orbit from Vandenberg Air Force Base, just north of Santa Barbara. The launch, and landing, of a SpaceX Falcon 9 rocket followed an earlier, successful launch and landing in Florida on Friday of another rocket for SpaceX--an unprecedented back-to-back launch that demonstrates the progress SpaceX has made in terms of making delivering payloads to space an everyday occurance....Continue →


PetDesk Gets $2.1M For Pet Health Reminders

San Diego-based PetDesk, the developer of software that helps veterinary hospitals send out health reminders to pet owners, and also help pet owners better manage their pet's health, has raised $2.1M in a Series A funding. The funding came from Canal Partners. As part of the funding, Todd Belfer of Canal Partners joins the company's board, with David Paul joining as observer. PetDesk says it has now raised a total of $3.4M in funding. Taylor Cavanah is founder and CEO of PetDesk....Continue →



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