Thursday, January 26, 2017AnaptysBio Up Slightly In IPOSan Diego-based AnaptysBio, which develops antibodies for treating inflammation, has raised $75.0M in its IPO, and closed up slightly in its first day of trading on Thursday. Anaptys priced its IPO on Wednesday night at $15.00 per share, at the midpoint of its $14.00 to $16.00 estimated IPO range, and closed the day at $17.00 per share. AnaptysBio is backed by Frazier Healthcare, Novo A/S, Avalon Ventures, Alloy Ventures, Biotechnology Value Fund, HBM Healthcare Investments, and others. The com (More info...)
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Core Innovation Capital Announces $100M In Second Venture Capital FundLos Angeles-based fintech investor Core Innovation Capital announced this morning that it has closed its second fund, which is at $100M so far. As part of the funding, the company said it has just made an investment in Fundera, a New York company which provides a service to help small business owners shop and compare personalized credit recommendations. Size of that investment was not disclosed. Core Innovation Capital says it has also invested in a couple of yet-unannounced companies, which are (More info...)
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Kopari Beauty Gets Private Equity InvestmentSan Diego-based e-commerce beauty brand Kopari Beauty said this week that it has received a private equity investment from LCatterton, along with celebrities Karlie Kloss, Shay Mitchell, Hilary Duff, Mila Kunis, and Ashton Kutcher. Size of the funding was not announced. Kopari said the growth capital will go towards expansion of its brand, which is centered around the use of coconut oil. Kopari is led by Bryce Goldman.
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Report: Keysight Technologies Planning Offer On IxiaCalabasas-based network testing equipment and software developer Ixia is nearing a deal to be acquired by competitor Keysight Technologies, according to Reuters this week, citing "people familiar with the matter." Terms of the potential bid were not announced, and the report says that Keysight Technologies is not the only bidder on Ixia. Ixia's testing hardware and software is used by network equipment manufacturers, network operators, and others for testing, design, network deployment, and othe (More info...)
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Cedars-Sinai Accelerator Names New Startup ClassThe Cedars-Sinai Accelerator Powered by Techstars has announced the next class of startups to join the healthcare accelerator, saying this morning that it has added eight startups to what will be the second class for the program. The new startups include Cerebro Solutions, ENSO, FIGS, Frame Health, HealthcareTTU, HealthTensor, Noteworth, and ReferralMD. Each of the companies receives $120,000 in seed funding, plus access to mentors, including Cedars-Sinai physicians, researchers and executives. (More info...)
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Cynvenio Inks Distribution Deal In MexicoWestlake Village-based Cynvenio Biosystems, which develops diagnostic blood tests for cancer diagnostics, said it has signed a deal to distribute its tets in Mexico with Milenia Labs. The company said the deal covers distribution of its ClearID Breast Cancer testing product in Mexico. Cynvenio's ClearID Breast Cancer is designed for patients undergoing treatment for advanced breast cancer and those who require follow-up testing at regular intervals after completion of therapy, according to the c (More info...)
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Soothe Expands On Demand Massages To LondonLos Angeles-based, on-demand massage service Soothe announced this morning that it has expanded its services to London, UK, offering up access to certified massage therapists in as little as an hour via its app. The company says its services are now available in 51 cities, across the United States, Canada, and now the UK. London is its first foray into the United Kingdom. Soothe, which is led by CEO Merlin Kauffman, is backed by The Riverside Company.
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TrueCar Names New Sales VPSanta Monica-based TrueCar announced on Wednesday that it has promoted David Green to Senior Vice President of Major Accounts, within the company's Dealer Sales and Service Team. Green has been at TrueCar since 2015. Green previously served at Sonic Automotive and Showcase Honda in Phoenix. TrueCar said Green will oversee the company's dealer-client portfolio and also work with non-traditional enterprise clients. TrueCar operates an online automotive marketplace, which lets consumers see upfront (More info...)
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Western Digital Quarterly Revenues Rise To $4.9 BillionIrvine-based storage products maker Western Digital announced its second fiscal quarter results on Wednesday afternoon, saying that it saw revenues of $4.9 billion for the quarter, up from $3.3 billion a year ago. The company said it had operating income of $545M and net income of $235M, including charges associated with recent acquisitions. The company said there was "healthy demand" for enterprise hard drives, its NAND-based products, and hard drives in client applications, and a favorable ma (More info...)
posted on Thursday, January 26, 2017(Full story)