Tuesday, December 10, 2019
| BDO - Southern California Technology Industry Team BDO USA, LLP is a professional services firm providing assurance, tax, and advisory services to publicly traded and privately held companies through more than 60 offices domestically and 160 countries globally. Our Southern California technology industry team professionals have deep experience helping online, software, hardware, and cleantech businesses in the local ecosystem to navigate the many issues affecting their businesses and to help them meet their larger strategic goals. Our team provides a wide range of guidance in the key issues effecting technology companies including, M&A advisory, initial public offerings, tax planning and consulting, intellectual property agreements, financial reporting and regulatory compliance matters. For more information, please contact our LA Technology leaders Anthony Ferguson, Tim Clackett, and Kris Kaufmann at LATech@bdo.com. http://www.bdo.com |
LA Area Man Charged In $722M Cryptocurrency Fraud
A Los Angeles area man--Joseph Frank Abel, of Camarillo--has been charged, along with three others, in a cryptocurrency fraud scheme that allegedly stole $722 million from investors, according to the U.S. Department of Justice. According to the DOJ, Abel and his co-defendants-- Matthew Brent Goettsche, Jobadiah Sinclair Weeks, and Silviu Catalin Balaci--solicited money from investors in exchange for shares of a purported cryptocurrency mining firm, BitClub Network, but ran the venture as a ponzi (More info...)
posted on Tuesday, December 10, 2019(Full story)
ProducePay Picks Up $205M In Debt
Los Angeles-based ProducePay, the venture-backed operator of an online marketplace for produce, has raised a big, $205M debt funding round, from Coventure and TCM Capital, the company said on Tuesday. ProducePay operates a maarketplace which connects produce buyers and sellers, and helping to provide faster payments to farmers. The company, led by CEO Pable Borquez Schwarzbeck, has previously raised venture funding from Anterra Capital. The company raised $14M in a Series B round in 2018. Produc (More info...)
posted on Tuesday, December 10, 2019(Full story)
Wheels Rolls Out Integrated Helmets
Los Angeles-based last mile transportation startup Wheels has rolled out a new, easily accessible helmet, which is integrated with its bicycles--and which, if used, will provide a discount to its riders. The startup--backed by TDK Ventures and DBL Partners--has added an integrated helmet which locks to the rear fender of its bicycles, which are unlocked when users rent one of its vehicles. Those helmets sense when a user is wearing them, and gives those users a 20 percent discount for the trip. (More info...)
posted on Tuesday, December 10, 2019(Full story)
Retina Links Into Shopify
Santa Monica-based Retina, a startup developing artificial intelligence and predictive analytics tools, is integrating its software into the popular Shopify e-commerce platform, the company is announcing this morning. Retina--led by CEO Michael Greenberg--develops software which helps calculate customer lifetime value (CLV) for e-commerce retailers, helping them to shape their marketing and acquisition spend. According to Retina, its new tool, Retina Go, includes a free trial, and is aimed at he (More info...)
posted on Tuesday, December 10, 2019(Full story)
MedAnswers Launches Fertility Patient Matching Platform
Los Angeles-based MedAnswers, a venture-backed startup focused on fertility, is announcing this morning that it has launched a new product, which helps match users with fertility doctors and experts. The company already offers up information on fertility from experts via its iOS and Android apps. MedAnswers said its new tool will use health data reported by users to match them to doctors, fertility products, and clinical trials; the tool also helps fertility clinicians by supplying qualified lea (More info...)
posted on Tuesday, December 10, 2019(Full story)
InnoPhase Low Power Wi-Fi Chip Powers Smart Window Blinds
San Diego-based low power wireless semiconductor developer InnoPhase, which develops ultra-low power, Wi-Fi chips, says its products have been integrated into a new "smart" window blind product. According to InnoPhase, its Talaria TWO wireless chipset has been integrated into a product from Sunsa Wand, which automates the tilting of window blinds. The new product--which installs on existing windows blinds--allows blinds to be open and closed remotely using a Wi-Fi connection. InnoPhase says the (More info...)
posted on Tuesday, December 10, 2019(Full story)
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| 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 |