THE LOCAL BUZZ
Your one-stop newsletter on all things tech in San Diego.
Fueled by:
|
|
|
Did someone forward this to you? Subscribe by clicking on the button below:
|
|
Even though the year continues to be challenging overall, it’s been a pretty busy and successful last few weeks in our tech community. Due to the growth of some of our leading industries during the pandemic, there’s been some blockbusting fundraising for a few startups. Autonomous trucking unicorn TuSimple raised another $350M, bringing its total to $648M in funding to date. Small business digital tool maker GoSite raised $40M of funding in a Series B, 100 days after its Series A. GoSite is exploding and proudly there’s a lot of local investors backing this company. Logistics tech startup Flock Freight has also been booming with the growth of domestic shipping and raised $113.5M from SoftBank and others. Expect more of this kind of growth as more of our local SaaS companies ride the wave of digitization unleashed since Covid-19. And not to be overlooked for a second, brand new biotech manufacturing company Resilience emerged from stealth mode with $750M in funding with some massively strategic partners. There are a lot more recent fundings listed lower in this newsletter. This is a great time to help these companies find talent, including utilizing Advancing San Diego. Companies can apply to have paid talent work for them.
Another milestone achieved is the startup The Atlas getting acquired by Government Executive Media Group. As an early investor, I’m really proud of what founders Elle, Ellory, Angie, and the team have built and that it will continue to have an impact connecting our communities. Congrats team! In other acquisitions news, a long time local gaming standout, Daybreak Games, was acquired for $300M as well.
Cheers,
|
|
Anahi Abe-Brower, founder of Worthy Picks and Danea Ramos, Director of Business Resource Center at Connect All discuss a startup’s journey, an accelerator program’s benefits, and the relation between the two.
Thanks to our partners at Cox Business for enabling us to tell these stories of inspiring leaders.
|
|
FAST FIVE
Some highlights from this past week in San Diego tech.
|
RightDevice founders named to Forbes 30-Under-30
San Diego County approved $20M in grants to businesses hurt by Covid-19
Julius Alejandro talks about addressing disparities in San Diego’s innovation economy
Miramar Air Station to host companies testing 5G tech
New list of SD500 Most Influential People announced
|
|
Resilience, $750M with 8VC, Arch Venture Partners, New Enterprises Associate, Google Ventures
TuSimple, $350M with VectoIQ, Goodyear, Union Pacific, CN Rail, Kroger
FlockFreight, $113.5M with SoftBank, SignalFire, Google Ventures, GLP Capital, Volvo Ventures
GoSite, $40M with Left Lane Capital, Longley Capital, Ankona Capital, Cove Fund, Stage 2, Serra Ventures
Totum Labs, $13M with Space Capital and Heroic Ventures
Iridia, $7.6M with Tech Coast Angels
Ubiq, $6.4M with Okapi Ventures, Alexandria Ventures, TenOneTen Ventures, Cove Fund, DLA Piper Venture, Volta Global
ForeSee Medical, $5M with undisclosed
|
|
The Atlas acquired by Government Executive Media Group, amount undisclosed
Lascom acquired by Aptean, amount undisclosed
|
|
Longley Capital, Serra Ventures, Ankona Capital invested in GoSite’s Series B
Section32 invested in WithMe Health
EDF Renewable Energy invested in PowerUp
Breakthrough Properties raised $1B to invest in biotech real estate
|
|
During the current shift in the world of work, many San Diego companies are still hiring. This live job board by SD Life Changing, StartupSD, and Connect shows open roles. Companies can add their roles if they are hiring, too.
|
|
Sr. Demand Generation & Marketing Manager, Lennd (Point Loma)
Client Support Representative, eSub (UTC)
Engagement Manager, Classy (Downtown)
Home Automation Engineer, Dvele (Bird Rock)
|
|
UPCOMING *VIRTUAL* EVENTS
|
Enjoy these events from the comfort and safety of your own home.
|
REC Innovation Showcase & Pitchfest Competition Startup teams will present to industry experts, December 5
1st Mondays by Startup San Diego Connect with San Diego's startup community, December 7
Black Tech Link & NSBE San Diego Pitch Competition Virtual pitch competition and networking party, December 8
Founders First Fall 2020 Bootcamp Virtual Pitch Day Founders will be presenting their plans to a VIP panel, December 10
San Diego Angel Conference, Applications due December 16
|
|
Have a tip or want to share your favorite local taco?
|
|
|
|
|
|
|