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SAIL Venture Partners Boosts Ice Energy

socalTECH

According to Ice Energy, a Colorado maker of equipment which uses equipment which shifts energy produced at off-peak hours to peak power demand times, SAIL was one of a number of investors in a $24M, first close of a Series C funding round.

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With its third fund, Revolution Ventures stays true to its mission

TechCrunch LA

Most of the venture capital firms covered in TechCrunch and other tech publications compete for a spot on the cap table of the hottest Bay Area, New York or Los Angeles companies of the moment. Few seek out companies in Indianapolis, Milwaukee or Tampa. Revolution Ventures managing partner Tige Savage.

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HireRight Acquires UK Firm

socalTECH

Irvine-based HireRight , a provider of on-demand employment screening and drug screening services, announced today that it has acquired Powerchex Limited , a pre-employment screening firm based in the United Kingdom. Powerchex provides pre-empoyment screening to companies in the UK, and was founded in 2005.

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. During 2011, the analysis identified 73 exits by companies, with an average value of approximately $106M. A new report released today tallies up $7.7

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LowerMyBills' Coffin Joins Venture Firm

socalTECH

Split Rock, which is based in Minneapolis, said that Coffin will work with the firm to identify promising investment opportunities, as well as to help advise its existing portfolio companies. Split Rock was an investor in LowerMyBills, which Coffin sold to Experian in 2005 for $380M.

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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

socalTECH

Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. Internet Brands had gone public just three years ago.

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Interview with Ilya Pozin, Cofounder of Pluto TV

socalTECH

We caught up with Pluto TV's co-founder and Chief Growth Officer, Ilya Pozin , to hear about how the company started, and its path to acquisitionas well as to get some tips on startup success. I had always kind of been a computer nerd, and had been starting companies in high school. That's the idea that sparked Pluto TV.

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