SD FINANCE

Anzu Partners Grows Fund and Leadership

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.

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Incubator EvoNexus Partners with Verizon Communications

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.

Local Execs Head New Venture Fund

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.

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Dexcom Sees Growth Ahead

BIOTECH: Annual Revenue Up $451 Million

Dexcom Inc. expects to crack the $2 billion mark when it is time to report revenue for 2021.

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Banking’s Digital Transformation Accelerates Through Pandemic

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.

JLab Acquired in $370M Deal

JLab Audio  has been acquired by a new equity owner.

Advocat Technologies Wins Conference

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.

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IEnova Buys Remainder of Tecate Wind Plant for $80M

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.

Infinium Spirits Wonderbus Partners with Total Power, Inc.

In addition to the partnership with Total Power, Wonderbus plans to install solar panels, among other environmentally conscious efforts.`

Sorrento Therapeutics to Acquire ACEA for $38M in Stock

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.

ResMed Q2 Income Grew $18.9 Million

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.

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CommSafe AI Adds New Investors

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.

La Jolla-Based TuSimple Files for IPO

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.

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Cubic Accepts $3 Billion

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.

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Iridia Raises $24M Led by LifeSci Venture Partners

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.