FINANCE: Co. Raised $190M to Expand its Geographic Footprint, Adds Partner
Anzu Partners, San Diego’s fourth largest venture capital firm, has added a partner from the international investment banking sector.
STARTUPS: Co-Sponsor to Help Young Companies Develop Business Models Around 5G
San Diego startup incubator EvoNexus has secured Verizon Communications as the co-sponsor of its program for young companies to develop business models around the fifth-generation wireless data standard known as 5G.
Launched in March, Firm Has Invested in Six San Diego Cos.
Neal Bloom, a local technology investor and chief executive at Rising Tide Partners, has co-founded a new venture capital firm and is leveraging a community-driven angel syndicate model.
BIOTECH: Annual Revenue Up $451 Million
Dexcom Inc. expects to crack the $2 billion mark when it is time to report revenue for 2021.
FINANCE: Demand for Smart Mobile Device Services Grows, But Brick-and-Mortar Banking Will Remain
During a challenging business climate brought by the pandemic, many banks were forced to shift services to online platforms, restricted access to their branch lobbies and required customers use drive-up methods or make appointments.
More Than $500,000 Invested in Third Year
San Diego Angel Conference, which pairs investors with early-stage startups seeking capital, has awarded over $500,000 in funding to five companies.
ENERGY: Sempra Energy Subsidiary Also Set to Purchase Part of Manzanillo Terminal
IEnova, the Mexican energy infrastructure subsidiary of Sempra Energy (NYSE: SRE) said on March 19 that it closed its acquisition of 50% of the Energía Sierra Juárez project owned by Saavi.
In addition to the partnership with Total Power, Wonderbus plans to install solar panels, among other environmentally conscious efforts.`
BIOTECH: Antibody-Centric Company Grows
Sorrento Therapeutics (NASDAQ: SRNE) will acquire ACEA Therapeutics in a deal that offers ACEA’s equity holders approximately $38 million in common stock, the company announced on April 5.
BIOTECH: Medical Device Maker's Rise Influenced by COVID-19
ResMed Inc. (Nasdaq: RMD), which offers technology to help people breathe better and connect them to their caregivers, grew its net income by $18.9 million in its second quarter, which ended Dec. 31.
Co. Will Enter Commercial Market Later This Year
San Diego-based CommSafe AI, a technology company which specializes in conflict and violence prevention, has closed a $1.8 million pre-seed round, adding new investors Blu Venture Investors and City Light Capital.
TECH: Self-Driving Truck Co. Taking Traditional Route
TuSimple, a startup developing self-driving technology for heavy-duty trucks, has filed an initial public stock offering to become a publicly traded company.
TECH: Bidding War Drives Original Price Up
The acquisition of Cubic Corp. (NYSE: CUB) has turned into a bidding war which at the end of March steadily drove up the price of the San Diego electronics company.
STARTUP: Co. Prepares for Scale and Growth
Carlsbad-based Iridia has raised $24 million to build the world’s first high-density DNA-Based memory chip.