Friday, July 6, 2012Quarterly Raises $1.25MLos Angeles-based subscription commerce service Quarterly has raised $1.25M in a Series A funding round, which was led by True Ventures, SV Angel, Initialized Capital, Collaborative Fund, according to VentureWire Friday. Former Redbox president Mitch Lowe is joining the firm's board with the funding. The funding had already been uncovered by socalTECH in March. Quarterly delivers a mystery collection of "wonderful things" every three months from celebrities and others, curated in their style.
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Hulu: Kilar Declines Yahoo CEO SpotLos Angeles-based Hulu has one word for Yahoo: hands off our CEO! According to a Hulu spokesperson, as reported, its CEO, Jason Kilar, has been a focus of Yahoo's CEO search committee. The spokesperson told socalTECH that Kilar has "graciously declined to be considered." Yahoo has been in the midst of attempting to find a new CEO to help right the ship at the ailing Internet portal, which has been churning through CEOS and battling to regain relevance. Jason Kilar, as well as current Yahoo inter (More info...)
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Amgen Completes KAI Pharmaceuticals BuyThousand Oaks-based biotech giant Amgen said Thursday that it has completed its acquisition of KAI Pharmaceuticals, the South San Francisco-based developer of treatments for treating secondary hyperparathyroidism in patients with chronic kidney disease who are on dialysis. The deal, which had been announced in April, was worth $315M in cash.
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