Bonfire Ventures, the Santa Monica seed-stage venture fund that has carved a niche focusing exclusively on unsexy but potentially lucrative business-to-business (B2B) software, has closed its second fund with $100 million in dry powder, up from the $63 million fund it closed in 2017. Adopting an "if ain't broke, don't fix it" ethos, little will change with the latest fund, except initial check sizes will be larger, though not dramatically so, averaging $1.75 million versus $1.25 million for Bonfire I. 60% will be set aside for follow-up investment.

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It's been a strange summer for the Techstars Starburst Space Accelerator.

One team of founders in Singapore worked through the night on Los Angeles time to create an AI system for data. Another in Wisconsin kept each other's stoke strong while working remotely these last grueling weeks on their virtual reality (VR) platform. A third team was able to participate in the program because the pandemic let them work remotely next to their near-space balloon in Colorado.

They're all part of the second class to participate in the accelerator's mentorship-driven program that aims help build the next generation of space technology companies. The program is usually based in Los Angeles.

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Long gone are the outdoor adoption events and bake sales where animal rescue groups collect donations and convince dog lovers to foster a new litter. It's moved online, and startup Cuddly is offering the SaaS platform and marketing to fundraise remotely.

"Like a wedding registry for pets," said founder and CEO John Hussey.

The Seal Beach-based fundraising platform for groups rescuing animals announced this week it's raised $4 million in a Series A funding round led by Lead Edge Capital.

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