Growth Capitalist (https://growthcapitalist.com/tag/venture-capital/)
Adomani, a Southern California company developing energy efficiency technologies for the automotive industry that is backed by UPC Venture Funds, has met its minimum goal of raising $10.6 million five days
Acknowledging to shareholders that its six-month long campaign to raise $11 million via a Tier 2 Reg A offering has yielded only a fraction of the capital it sought to build out its music streaming service, 8Tracks, Inc., announced that it will sharply curtail its business activities, forgo compensation for its staff, and pivot its business model away from advertising to a subscription-based service.
Marc Gottschalk has joined Duane Morris as a partner in the firm’s San Francisco and Silicon Valley offices. Gottschalk joins Duane Morris from Sidley Austin, where he co-led the firm's venture practice.
The number of venture capital investments and the amount invested in venture-backed companies both declined for the second quarter in a row, although it appears that the trend may be unlikely to continue.
