Wednesday, July 21, 2021
| UK Government's Department for International Trade (DIT) The UK is one of the world's fastest-growing tech hubs with more than 60,000 tech companies, 30 industry clusters, and over $14 billion in investment over the last five years. The UK Government's Department for International Trade (DIT) team provides local 1:1 support to companies expanding internationally, helping de-risk market entry with free support services. DIT can provide tailored set-up information, including market research, legal and accounting introductions, recruitment support, policy insight, and partnership-building opportunities. As the #1 destination in Europe for inward investment and tech talent, and home to more fast-growth companies than any other European country, the UK has a lot to offer to US companies. We work with all companies, from start-ups/scale-ups through to the Fortune 500. To find out more about "Why UK," and to work with DIT's LA team, contact us at: https://www.events.great.gov.uk/ehome/200195057 |
Bonfire Ventures Extends Network With Angel, Seed Investment Effort
Los Angeles-based venture capital investment fund Bonfire Ventures is looking to extend its network--and make more angel, pre-seed, and seed investments--through a new program is is calling Bonfire Firestarters. According to Bonfire, it has partnered with six individuals and five early-stage fund managers who the firm will be using to make investments for the fund. The fund said that it's currently an "incredibly active" fund-raising environment, with seven of the companies in its portfolio rais (More info...)
posted on Wednesday, July 21, 2021(Full story)
FloQast Raises $110M
Los Angeles-based accounting software developer FloQast said this morning that it has raised $110M in its Series D funding round, with its latest valuation putting the company into unicorn territory, at $1.2 billion. The funding was led by Meritech Capital, and also included Insight Partners, Redpoint Ventures, Sapphire Ventures, Coupa Ventures, Polaris Partners, and Norwest Venture Partners. The company develops financial close management software, used for financial reporting. The new funding (More info...)
posted on Wednesday, July 21, 2021 (More)(Full story)
HMBradley Switches Accounts To Invite Only
Santa Monica-based fintech startup HMBradley, which offers up an online-online checking account which pays up to 3.50% annual percentage yield (APY), says it is switching its accounts to be "invite only", and is now looking for additional banking partners. According to the company, it has now amassed more than $375M in deposits in the 15 months since it launched. HMBradley is backed by Acrew Capital and Walkabout Ventures, and its rates are paid not based on a user's balance, but the percentage (More info...)
posted on Wednesday, July 21, 2021(Full story)
Fabric8Labs Gets $19.3M
San Diego-based Fabri8Labs, a company developing metal additive manufacturing technology, said it has raised $19.3M in a Series A funding round. The funding was led by Intel Capital, and also included Lam Capital, TDK Ventures, SE Ventures, imec.xpand, Stanley Ventures, and Mark Cuban. According to the company, it is developing a process which fabricates complex metal parts at the atomic level. Fabric8Labs is targeting using that technology in semiconductor packaging, electronics, medical, therm (More info...)
posted on Wednesday, July 21, 2021(Full story)
MemComputing Lands SBIR Contract
San Diego-based high performance computing technology developer MemComputing says it has scored a Phase I Small Business Innovation Research (SBIR) contract from the National Aeronautics and Space Administration (NASA). Size of that SBIR contract was not nnounced. According to the company, the contract will go towards identifying applications where the company's technology can be used to accelerate NASA's supercomputing workloads for large-scale numerical simulation. John Beane is CEO of MemComp (More info...)
posted on Wednesday, July 21, 2021(Full story)
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