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Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venturecapital. The fund would come from the UC endowment, and no tuition or state funding will be used, according to the UC system.
A trio of local groups have teamed together to promote innovation and entrepreneurship in Riverside County, and received approval Tuesday from the Riverside County Supervisors for the effort. The groups have not outlined their agenda for the effort yet.
Los Angeles-based venturecapital firm Rustic Canyon is the lead investor in a round of funding from a social shopping site out of Y Combinator. The round came from new investor Rustic Canyon Partners, and also included prior investors Blumberg Capital and Redpoint Ventures. in a Series A round. READ MORE>>.
Riverside, California- and Albuquerque, New Mexico-based TruTouch Technologies , which develops biometric, alcohol detection systems, said today that it has raised $4.3M The funding came from iTulip Community and Launchpad Venture Group. in its Series B-1 funding round.
Helicoid is a spinout of the University of California Riverside. UC Riverside licensed out the technology for Helicoid in March of 2019, to commercialize their bio-inspired patented helicoid architecture for use in composite materials.
Riverside-based FarmSense, a developer of "smart sensors" for the agriculture market, has raised $2.2M in Small Business Innovation Research (SBIR) funding. According to the company, the funding will go to ongoing biosecurity research, including the impact of Japanese Beetles and Gypsy Moths as invasive species.
Riverside, California-based WurkNow, a developer of a digital staffing and workforce management software product, has raised $10M in a Series A funding, according to the company. The company said the round was led by Newport Hayseed Group, which is based in Newport Beach.
According to the company, the funding came from The Riverside Company. Soothe , which provides on-demand access to certified massage therapists, has raised $31M in a new funding, the company said on Wednesday, but has shifted its headquarters out of Los Angeles and moved to Las Vegas. The company did not say why it moved to Las Vegas.
The funding came from the Riverside Company. Los Angeles-based on-demand, massage service Soothe has raised another $35M in funding to expand its service into more cities, the company said on Thursday. Soothe is led by Merlin Kauffman, and lets users book both through a mobile app, through its website, or even a phone call.
Water Planet is led by Eric Hoek, the former UCLA and UC Riverside professor who created the membrane technology behind another, water filtering membrane startup, NanoH2O, which is now part of LG. As part of the funding, the company said it has changed its name dfrom Water Planet Engineering, LLC to Water Planet, Inc.
Instead, we will focus on helping high potential start-up communities like DTLA and Riverside gain momentum, connecting the fourteen SoCal start-up communities into a vibrant network and working with top corporations like Edison and Kaiser get more integrated into the robust and diverse SoCal innovation ecosystem. READ MORE>>.
A Silicon Valley entrepreneur has set out to boost the startup ecosystem in San Diego and the rest of Southern California—and he already has scored a coup by partnering with Bill Maris, the founder and former CEO of Google Ventures, now known as GV.
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