SD FINANCE

Luma Raises $3 Million, Partners With Payment Company

LumaTax, which developed software to streamline sales tax compliance for small business owners, said it has raised $3 million in a financing round led by Cowboy Ventures. Existing investors Madrona Venture Group and Greycroft Partners and new investor Vulcan Capital also participated.

Month of a Million Meals Delivers the Million and Much More

Feeding San Diego announced that $1,055,634, equating to 4,222,536 meals, was raised during the fifth annual Month of a Million Meals campaign in partnership with ABC10 and Live Well San Diego.

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Bank Meets Funding Requirement, Sets Jan. 22 Opening

BANKING: First S.D. Bank Opening Since Vibra in 2008

The first new San Diego-based bank in a decade has raised $26.5 million in initial capital. Endeavor Bank will be headquartered in downtown San Diego.

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Guild Mortgage Gets Another Mortgage Lender to Bolster Midwest Presence

The S.D. lender has agreed to buy Cornerstone Mortgage Inc., of St. Louis, Missouri, in a deal expected to close March 1.

VC Backing Brings $1.2 Billion to S.D. Cos. in 2017

Venture-backed companies in San Diego raised more than one-third of $1 billion in the fourth quarter of 2017 and more than $1.2 billion in 2017.

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Corner Market Delivers Food Aid With Dignity, Determination

Jewish Family Service of San Diego’s Hand Up Food Pantry was awarded “Best Choice Pantry” for its Corner Market at the 2017 San Diego County Hunger Conference. Each year, the Hunger Conference, hosted by the Jacobs & Cushman San Diego Food Bank, convenes to discuss how to stop hunger in San Diego County, focusing on collaborative approaches, unified efforts and prioritizing those served.

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Business Accelerator For Women-Led Startups Launched

Ad Astra Ventures is looking to fill its inaugural cohort with female-led startups with revenue and paying customers.

Bank of Southern California Opens Production Office in O.C.

The bank said the expansion to Orange County is part of a broader plan to grow the bank's presence in Southern California.

Renovate America’s Promotes Head of Capital Markets to CFO

Adam Garfinkle joined the company in 2015.

City National Names Senior VP and Regional Manager of its Private Banking Arm

David Ohanian will be based in Irvine and work at City National’s La Jolla office when in San Diego.

TaylorMade Golf Co. Gets $225M Credit Facility

Specifically, the line of credit is a senior secured asset-based revolving credit facility.

Seats Available for SDBJ's Economic Trends Event

Industry experts will discuss hot topics, including the new tax laws, housing crisis, health care and wellness, and the legalization of marijuana.

New TCA President Sees Need for Speed, Innovation in Seed Round

The San Diego chapter of Tech Coast Angels, one of the largest networks of angel investors nationwide, is headed into 2018 with a new leader at its helm.

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Simplexity Brings Hands-On Help To Entrepreneurs and Startups

Most venture capital firms want a founder to have more than an idea before they pony up.

Big VC Backing Gets Behind Biotech’s Portfolio of Small Molecule Drugs

Expansion Therapeutics Inc., a new drug discovery and development company based in San Diego and in Jupiter, Florida, has launched with $55.3 million in Series A financing.

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