Pacific Mercantile Bank, founded in 1998 and based in Costa Mesa, California, provided a variety of banking products and services tailored for individuals and businesses in Southern California. The bank specialized in commercial loans, financing for the entertainment industry, asset-based lending, commercial credit cards, and small business loans. It aimed to serve small and middle-market businesses, offering comprehensive commercial banking solutions to meet the needs of business owners and professionals. As a subsidiary of Pacific Mercantile Bancorp, the bank was dedicated to fostering relationships within the local community until it merged with Banc of California and ceased operations.
Upstrem is a provider of inventory management and reverse logistics solutions for footwear and softline retailers and brands. The company focuses on maximizing the value of challenged and excess inventory through an omni-channel platform that processes surplus stock and streamlines its disposition. It supports monetization across multiple channels by enabling listings on global marketplaces and by improving the efficiency of the supply chain through end-to-end reverse logistics. Upstrem collects detailed data at every step of the process and returns analytics, reports, and insights to clients, helping them optimize buying, merchandising, and inventory decisions. By aligning inventory flow with demand, the company aims to reduce markdowns, speed turnaround, and increase overall value for retailers and brands.
Rich Uncles
Convertible Note in 2015
Rich Uncles operates a crowdfunding technology platform that allows non-accredited investors to purchase real estate investments online. Focused on democratizing access to commercial real estate ownership, the company targets a significant market of potential investors in the U.S. who previously lacked opportunities to engage in this asset class. Rich Uncles raises capital for commercial real estate investments through a unique business model that enables small investors to participate in a portfolio of professionally managed, income-generating real estate assets. By offering a series of proprietary public, non-listed real estate investment trusts, Rich Uncles facilitates broader participation in commercial real estate, addressing the needs of both investors seeking opportunities and the market for capital.
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