Lucid Motors on its way to becoming a publicly traded company

Lucid Motors announced a merger agreement Monday night with special-purpose acquisition company (SPAC) Churchill Capital IV Corp. (CCIV) propelling the EV company toward an IPO.  After the announcement, CCIV stocks plummeted for two days in a row, closing down 18.5% at $28.70 a share on Wednesday. As part of the deal, Lucid will receive approximately … Read more

Schola raises $2.5 million to help get children in the best schools

Correction: A previous version of this story stated that Schola did $125,000 revenue in 2020. The amount has been updated. Schola founder and CEO Jaime Martinez says it took a couple years’ worth of conversations to raise $2.5 million for the company’s second round of seed money. And yet Martinez says it was much easier … Read more

ReSuture wins $256K for R&D funding

ReSuture, a medical technology company based in Surprise, has been selected for the National Science Foundation’s Small Business Innovation Research (SBIR) award. ReSuture will receive $256,000 in funding for research and development to improve its unique system used for surgical training.  The SBIR award program looks to support innovative proposals that have the potential to … Read more

AZ Founders Fund named most active VC in Arizona

According to a recently published report from CB Insights, Arizona Founders Fund was named the most active Venture Capital firm in Arizona. Lead by Romi Dhillon, AZ Founders Fund has made investments in a number of Arizona startups, including: With a focus to help founders and tech startups in Arizona, AZ Founders Fund boasts that … Read more

Third round of EmergeAZ grant winners announced

StartupAZ and invisonAZ have announced the third round of EmergeAZ Fast Grant winners.  The EmergeAZ Fast Grant program pulls from a $1 million fund, with grant amounts ranging from $10,000 to $50,000. Grants were awarded this third round to ten Arizona tech companies with a wide variety of products ranging from platforms managing Cannabis operations … Read more

Phoenix startup YellowBird receives $25K grant

YellowBird, a Phoenix-based startup, has been awarded a $25,000 EMERGEAZ Fast Grant which was created to provide financial support for startups that emerged during the COVID-19 pandemic. InvisionAZ and StartupAZ partnered with the Arizona Governor’s Office to create the EMERGEAZ Fast Grant — a $1 million fund to be distributed on a rolling basis until … Read more

CO+HOOTS’s HUUB wins $10,000 in national innovation competition

HUUB, a software platform developed by CO+HOOTS, won a $10,000 grant as part of a competition initiated by a collaboration between the U.S. Small Business Administration and the National Science and Technology Council’s Lab-to-market subcommittee. The Lab-to-Market (L2M) Inclusive Innovation Ecosystem Prize Competition awarded $330,000 in prizes to companies across the country. More than 160 … Read more

CampusLogic Raises $120 Million

Phoenix, AZ-based ed-tech company, CampusLogic (founded by Gregg Scorsby), received a $120 million minority investment from Dragoneer Investment Group. The company will use the funding to invest in new product development and make strategic acquisitions that will increase the scope of its student financial success platform. The company currently serves more than 750 schools with … Read more