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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Following the Local Biotech VC Funding Trail

The San Diego Business Journal frequently chronicles local funding rounds and the big dreams that accompany them. But what about the largest venture capital sources locally?

‘Most Innovative’ Products’ Are a Magnificent Seven

Connect, San Diego’s oldest startup accelerator, recognized seven companies with ground-breaking technologies on Nov. 29. This year’s winners designed products that are better, faster and stronger than the competition.

Mission Federal Names CIO

Mission Federal Credit Union has named Jojo Seva as its chief information officer, making the announcement on Dec. 10. Seva is a recognized leader in core banking system technology, artificial intelligence, enterprise digital transformation and information security.

Mitek Cuts Chief Operating Officer

Mitek Systems will cut its chief operating officer in January. Mitek also received a bigger offer from ASG Technologies, which has been looking to buy the company.

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RF Industries Chalks Up 87 Percent Growth

RF Industries, which makes specialized electronic connectors, said it increased annual sales 87 percent in the recently ended fiscal year. Fiscal 2018 sales were approximately $58 million, compared to $31 million in fiscal 2017.

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Entrepreneur Won’t Let Eco-Opportunity Go to Waste

Last year after a holiday dinner, Marina Qutab’s father asked her what she hopes her legacy would be. She shared with him her dream of launching a zero-waste kit that provides users the ability to reduce waste in their everyday lives. The kit would include reusable replacements for some of the utensils that generate a lot of waste, including disposable forks and straws. So, they brainstormed, and she researched and in January 2018, the Zero Waste Kit Co. was officially born.

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Philathropy: Midway Foundation Backs JFS’ Military Service

Jewish Family Service of San Diego was awarded a $10,000 grant from the USS Midway Foundation to support its Hand Up Food Pantry, which provides groceries, diapers and other essentials to local military families and other San Diegans in need.

Verimatrix Plans $143M Sale to French Security Company

French software company Inside Secure plans to acquire San Diego-based Verimatrix for $143 million.

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Logistics Startup Expects a Lot From Recent Series A Round

After closing a $20 million funding round, Airspace Technologies Inc. is getting ready for takeoff. The San Diego-based logistics startup closed a series A round led by Scale Venture Partners on Nov. 15.

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Qualcomm and Nokia Test 5G Waters, See 2019 Rollout

Qualcomm Inc. and Nokia announced they passed another milestone on the road to commercializing fifth-generation wireless service — or 5G — by early 2019. Service is contemplated in the United States, Europe, South Korea, Japan, China and Australia.

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San Diego-based HCAP Partners Launches $150M Fund for Small Businesses

San Diego-based firm HCAP Partners is raising a $150 million fund to help small- and medium-businesses add jobs.

Callaway Acquires Jack Wolfskin Outdoor Apparel Co.

The acquisition is expected to close in the first quarter of 2019.

Qualcomm Notes: Possibility of going private, Apple settlement hopes, new AI fund

Qualcomm Inc.'s busy week included reports of a potential settlement with Apple, Paul Jacobs' hopes to take the company private, and a new $100M AI fund.

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Bank Files for IPO, Will Focus On Cryptocurrency Services

Silvergate Bank, a San Diego-based bank with a focus on digital currencies, is looking to go public. Parent company Silvergate Capital filed with the Securities and Exchange Commission on Nov. 16 to raise $50 million through an initial public offering.

Tech Startups May Need A Lawyer, Especially One With a LaunchPad

A little bit of extra space will allow San Diego law firm Procopio to expand its incubator for tech startups.

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Philanthropy: RBCF Grants Support Causes and Community

The Rancho Bernardo Community Foundation, an affiliate of The San Diego Foundation, awarded $83,000 to 20 programs that benefit Rancho Bernardo at the group’s 30th Annual Thanksgiving Luncheon.

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