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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Following the Local Biotech VC Funding Trail

The San Diego Business Journal frequently chronicles local funding rounds and the big dreams that accompany them. But what about the largest venture capital sources locally?

Seven San Diego Companies went Public in 2018

San Diego saw seven IPOs in 2018, largely dominated by life sciences companies.

Entrepreneur Won’t Let Eco-Opportunity Go to Waste

Last year after a holiday dinner, Marina Qutab’s father asked her what she hopes her legacy would be.

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Kratos to Ride Aboard 7-Year Space Vector Contract

Kratos Defense and Security Solutions Inc. said on Dec. 12 that it is a subcontractor to Space Vector Corp. on a rocket project that may last up to seven years. The financial implications to Kratos (Nasdaq: KTOS) were not immediately clear.

JMI Equity Raises $1.2B for Ninth Fund

JMI Equity raised $1.2 billion for its ninth fund. It will continue to invest in fast-growing software companies.

Sandler Partners to Resell Viasat Service

Viasat Inc. has entered an agreement with Sandler Partners that will let Sandler resell the Carlsbad company’s satellite internet service to business customers. Financial terms of the deal were not disclosed.

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Sensementrics Inc raises $10M with close of series A round

San Diego IoT startup Sensemetrics closed a series A round led by X2 Equity.

‘Most Innovative’ Products’ Are a Magnificent Seven

Connect, San Diego’s oldest startup accelerator, recognized seven companies with ground-breaking technologies on Nov. 29. This year’s winners designed products that are better, faster and stronger than the competition.

Mission Federal Names CIO

Mission Federal Credit Union has named Jojo Seva as its chief information officer, making the announcement on Dec. 10. Seva is a recognized leader in core banking system technology, artificial intelligence, enterprise digital transformation and information security.

Mitek Cuts Chief Operating Officer

Mitek Systems will cut its chief operating officer in January. Mitek also received a bigger offer from ASG Technologies, which has been looking to buy the company.

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RF Industries Chalks Up 87 Percent Growth

RF Industries, which makes specialized electronic connectors, said it increased annual sales 87 percent in the recently ended fiscal year. Fiscal 2018 sales were approximately $58 million, compared to $31 million in fiscal 2017.

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Philathropy: Midway Foundation Backs JFS’ Military Service

Jewish Family Service of San Diego was awarded a $10,000 grant from the USS Midway Foundation to support its Hand Up Food Pantry, which provides groceries, diapers and other essentials to local military families and other San Diegans in need.

Verimatrix Plans $143M Sale to French Security Company

French software company Inside Secure plans to acquire San Diego-based Verimatrix for $143 million.

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Logistics Startup Expects a Lot From Recent Series A Round

After closing a $20 million funding round, Airspace Technologies Inc. is getting ready for takeoff. The San Diego-based logistics startup closed a series A round led by Scale Venture Partners on Nov. 15.

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Qualcomm and Nokia Test 5G Waters, See 2019 Rollout

Qualcomm Inc. and Nokia announced they passed another milestone on the road to commercializing fifth-generation wireless service — or 5G — by early 2019. Service is contemplated in the United States, Europe, South Korea, Japan, China and Australia.

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San Diego-based HCAP Partners Launches $150M Fund for Small Businesses

San Diego-based firm HCAP Partners is raising a $150 million fund to help small- and medium-businesses add jobs.

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