SD FINANCE

Private Equity Activity Grows

FINANCE: Firms Expand Services to Remain Competitive

Private equity shops, alternative asset managers and other investment firms see growing opportunity in the local private equity scene.

Mitek Systems Makes Acquisition, Sees Record Profits

FINANCE: Firm Closes $49M Deal; Surpasses $100M in Revenues

Mitek Systems, which makes software geared to mobile image capture and identity verification, has acquired startup ID R&D in a $49 million deal.

Liquid Instruments Raises $13.7M in Series B Round

TECH: Co. Builds Portable Lab Technology

Liquid Instruments, a local company and maker of an 8-in-1 scientific measurement device geared towards students and engineers, has raised a $13.7 million Series B round in venture capital funding.

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DoD Outlines 2022 Spending

DEFENSE: Funds Spur 25% of S.D. Economy

San Diego defense contractors as well as the broader regional economy stand to benefit under a U.S. Department of Defense (DoD) budget proposal made public just before Memorial Day weekend.

City National Bank Funds Operation HOPE

City National Bank has donated $10,000 to Operation HOPE-North County in Vista.

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Businesses Upbeat About the Months Ahead

Cal State San Marcos Project Takes Stock of the Economy for Remainder of the Year

Business leaders in San Diego County feel the economy is poised to turn around after the COVID-19 pandemic, with slightly more than one-third forecasting that it will happen in the next six to 12 months.

Region’s Brewers Regain Confidence

Spring 2021 CSUSM Business Confidence Index

San Diego County’s craft brewing community is feeling confident about the future, according to a just-released survey conducted by the College of Business Administration at Cal State University San Marcos.

Baker Tilly Taps New Managing Partner

ACCOUNTING: Firm is One Of 10 Largest Nationally

Baker Tilly US, one of the largest accounting firms in the country with a presence in San Diego, has appointed Thomas Bennett as managing partner for the firm’s Orange County and San Diego markets.

TaylorMade Sold To Korean Firm

MANUFACTURING: Co. Poised for Growth

Carlsbad-based TaylorMade Golf Company Inc. is being sold to Centroid Investment Partners, a Seoul, Korea, based private equity firm.

CMX Raises $50M Series A

TECH: Co. Helps Brands Manage Risk

ComplianceMetrix (CMX), a San Diego-based enterprise quality management software maker, has raised $50 million in Series A funding.

San Diego Credit Unions See Record Numbers in Deposits

Area Firms Grow Assets and Memberships

Many credit unions based in San Diego experienced a record surge in lending and uptick in membership in the last quarter of 2020.

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Canadian Firm to Buy D&Y

FINANCE: Need Seen for Wealth Management

Dowling & Yahnke, the privately held San Diego wealth management firm, has agreed to be acquired by a publicly traded Canadian counterpart, CI Financial (NYSE: CIXX).

Tide Rock Raises Over $100M+

FINANCE: Largest Since Firm’s Founding

Tide Rock Holdings, an Encinitas-based holding company, has raised over $100 million in capital to acquire additional business-to-business companies.

Connect Selects 32 ‘Cool Companies’

Co. Has Developed Relationships With Over 400 VC Firms

A new group of “Cool Companies” in San Diego were selected by Connect with San Diego Venture Group to pitch to venture firms across the country.

Boundless Bio Raises $105 Million Series B Financing

BIOTECH: Co. Targets DNA Circles, Plans to Enter the Clinic by 2023

Boundless Bio, has raised $105 Million in Series B financing to continue developing small-molecule therapies that target unusual DNA circles found in cancer called extrachromosomal DNA (ecDNA).

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