THE FRESH SQUEEZE
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Well, that's a wrap. 2020 that is. Can't say much more than what's been said about the year as a whole, but looking under the hood, OC has a lot to be proud of.
We continued supporting our startups in an upside down world - many of our companies gained due to the economics of digitization, while a lot faced some real tough times. While we largely persevered, we also saw that we cannot discount the power of community. Our businesses need us and we need them to survive to keep our local economies strong. I'm looking forward to a 2021 where we learn to balance. Balance the roles that can be done remotely and value the roles that can't.
We come into the end of the year with some continued news like Ingram Micro getting a huge buyout. Here's hoping we maintain our talent locally from this. We're also seeing our local venture funds continue to invest locally in great deals like Okapi and The Cove Fund. Our local service providers also stepped up in helping us continue doing what we need to do like tech providers Cox Business and more. Here's to our companies' successes, to yours, and to a very Happy Holidays!
Cheers,
Neal
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Listen to Carey Ransom of Operate Podcast interview Luke Cooper, founder and CEO of Fixt, which he sold earlier this year for 11x revenue!
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ORANGE COUNTY TECH ECOSYSTEM NEWS
EV vans developed by Rivian in partnership with Amazon seen recently on streets of Irvine
Morse Micro, with offices in Irvine, wins twice at 2020 Wi-Fi NOW Awards
Canon Medical of Tustin launches new medtech product for spectral cardiac CT imaging
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OFFICE EXPANSIONS
TGS Management of Irvine intends to expand its offices to total 180k sq ft
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DEALS
CG Oncology, based in Irvine, raises $47M in Series D round led by Kissei Pharmaceutical
Huntington Beach-based Surfline/Wavetrak, raises $30M in round from private equity investor TCG
Cosemi Technologies of Irvine raises $8M in strategic funding round from Nitto Denko Corporation
Okapi Ventures of Laguna Beach leads $2.73M seed round for Network Perception along with Serra Ventures and Energy Foundry
Kapalya closes seed round led by Caltrop Holdings, headquartered in Irvine
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ACQUISITIONS
Irvine's Ingram Micro to be bought by Platinum Equity of Beverly Hills for $7.2B
WM Holding Co, parent of Weedmaps of Irvine, plans to go public via reverse merger at a $1.5B valuation
Collectors Universe of Santa Ana to go private in $700M deal
Iteris of Santa Ana acquires TrafficCast of Madison, WI for $16M
L Squared Capital Partners of Newport Beach has sold Learners Edge to Quad-C Management for undisclosed terms
Smile Brands of Irvine adds Midwest Dental to increase expected revenue to $1B for the year for undisclosed terms
Shure acquires Midas Technology, aka Stem Audio, for undisclosed terms
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ONLINE EVENTS & DEADLINES |
EvoNexus Orange County is accepting applications from deep tech, life science, and fintech startups, Open Deadline
MOCK Virtual Retreat: Creating a 2021 Breakout Strategy, December 17
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Senior Product Manager - Consumer, Weedmaps (Irvine)
Software Developer, Enrollment123 (Laguna Beach)
Inside Sales Coordinator, Revive (Orange)
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