SD FINANCE
Six San Diego Breweries Voted No.1 in 2019 California Beer Competition
The judging took place earlier this month and included only beers brewed and available for sale in California.
EvoNexus Partners with Rady School of Management for New Fintech Incubator
EvoNexus is launching a new fintech incubator with the Rady School of Management, Franklin Templeton and the Royal Bank of Canada.
Retail Considers Its Options, Including Residential
Property: Vista Center Sees Opportunity In ‘Built-In Customer Base’
One of North County’s largest shopping centers — Vista’s North County Square — is planning to add residential to its mix in what’s becoming a growing trend.
Sustainable Chemicals Company Genomatica Makes First Acquisition
Genomatica acquired Renewable Energy Group's life sciences division on June 6.
Escondido Company’s Respiratory Aid Gets More Federal Funding
Medical Devices: Kaer Biotherapeutics Receives SBIR Grant
Escondido-based Kaer Biotherapeutics received a $300,000 federal grant to help it develop medical technology that could potentially help premature babies and adults with respiratory problems.
Seismic Software
Be Selective; Raise Funds Before You Need Them
Seismic Founder and CEO Doug Winter closed on $100 million in funding for his company in December. With the additional funds, the company has been preparing to go public, including hiring a chief financial officer who helped take ServiceNow public.
Kyriba
Don’t Be Rushed; Focus On Obtaining Good Investors
Jean-Luc Robert founded Kyriba in 2004, after seeing a need for better tools for companies to track their cash flow. The company spun out of French firm XRT, and moved its headquarters to San Diego, where it is growing its local 120-person workforce.
Tealium
Let the Team Figure Out the Course; Keep In Mind It’s a Marathon
Tealium CEO Jeff Lunsford brought together a cadre of former WebSideStory executives when he set off to build Tealium eight years ago. The software startup builds customer data platforms, which allow companies to manage marketing data from a host of different sources.
Blockchain Startup XY Cuts Staff by Half
Startup: As of March, Company Had 85 Full-Time Employees
The Persistent Company, a San Diego-based startup developing Bluetooth beacons on a blockchain network, cut more than 40 employees last week.
FTD Bankruptcy Puts ProFlowers in Hands Of Private Equity Firm
P.E. Firm to Buy ProFlowers for $95M; 167 Face Layoffs
ProFlowers, headquartered in San Diego, will close its local facility and lay off 167 employees, according to a WARN filing with the Employment Development Department (EDD).
Inhibrx Raises $40M; Files for $75M IPO
The $40M Would Convert Into Shares At 90% of IPO Price
La Jolla-based Inhibrx is prepping for a public debut. Two weeks after raising $40 million, the company in early June filed for an initial public offering to advance three cancer drugs in clinical trials — and other preclinical programs, including an antibiotic.
Success Is in the Cards for Charity Striving to Help Children
St. Germaine Children’s Charity announced record-breaking results for its “Cards to Honor Mothers & Fathers” fundraiser. The nonprofit increased its gross proceeds to more than $9,200 (funds that go directly to fight child abuse).
A $900M Bond Is Proposed for Housing
HOUSING: Veterans, Homeless As Well as Others to Be Housed
More new affordable housing projects have popped up throughout San Diego County over the past two years, with more on the way. Even so, the need is so overwhelming that barely a dent has been made, with waiting lists topping 100...
San Diego Regional EDC Program Plans to Create Jobs at Small Businesses
The San Diego Regional EDC plans to create 50,000 quality jobs at small businesses by 2030.
Jack’s Leader Faces Old, New Challenges With Decision Not to Sell
DINING:
Lenny Comma, CEO of San Diego-based Jack in the Box Inc., isn’t one for gossip. He won’t talk extensively about the NFA, or the National Jack in the Box Franchisee Association, which has called for the replacement of Comma multiple times in the last few months following a vote of “no confidence."