Catch Up On This Week's Startup News With Our Video Recap

Lots happened in the L.A. tech and startup community this week. dot.LA chief host and correspondent Kelly O'Grady takes you through the key stories:

  • Investing: Elementary Robotics Raises $12.7M in Series A, MarsBio Fund Aims to Get Local Biotech Startups to Stay in L.A.
  • Media: Newsology Seeks to Change News Feeds Based on Work Interest, Event Hub Brings Vendor Booths to Virtual Concerts
  • Remote Work: GitLab's Secret to Success, How Office Life Will Change After the Pandemic with HelloOffice

Weekly Recap: L.A. Bets on Biotech, Newsology Takes On Silicon Valley and the Secrets to Remote Work www.youtube.com


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Michael Jones and Peter Pham, the founders of Science Inc., officially joined the SPAC frenzy on Tuesday, with a special purpose acquisition company (SPAC) of their own valued at $270 million.

In an announcement, Jones and Pham said their SPAC, Science Strategic Acquisition Corp. Alpha, would debut on the NASDAQ today by selling 27 million units at $10 a share.. The SPAC plans on merging with a company in the direct-to-consumer (DTC) services space and/or mobile and entertainment sectors.

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Insurance tech company Sidecar Health raised $120 million in a Series C funding round led by Drive Capital. The latest infusion of funds bumped its valuation up to $1 billion.

The insurance plans let customers see any doctor they wish and pay upfront for services using a Sidecar Health Visa card. A spokesperson for the company told dot.LA in August that Sidecar Health's customers include families, small business and people over 40 — even though the startup initially set out to target millennials.

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On this episode of Behind Her Empire podcast, hear from serial entrepreneur and investor Prerna Gupta. After being at the helm of many successful startups, Gupta is now the CEO and founder of Hooked, an app that is redefining fiction for the Snapchat generation. Hooked has over 100 million viewers across social media, a short form video streaming app called Hooked TV, and has received funding from Ashton Kutcher, Mariah Carey, LeBron James and Jamie Foxx, to name a few.

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