1 0

Tech investors are making a big bet on San Diego startup PetDesk, investing $12 million in the software company so it can beef up its online tools for managing pet care. The money will fuel a big expansion plan into a new line of business for the startup. The company, founded in 2013, raised the cash from a single venture capital firm — a somewhat unusual arrangement. Most companies raise money from a collection of VCs, which allows the investors to share the weight of risk. Not the case with PetDesk’s round: PeakSpan Capital, a VC firm based in New York and Silicon Valley, has backed PetDesk’s entire Series B. It’s not the first time PeakSpan has invested big in San Diego tech startups... Full story

18 January