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Platinum Equity Sells Portfolio Firm Canvas Systems

socalTECH

Los Angeles-based private equity firm Platinum Equity has sold one of its portfolio companies, Canvas Systems , a supplier of refurbished IT hardware and services. Financial terms of the sale were not disclosed. Platinum Equity had acquired Canvas Systems in April of 2009. READ MORE>>.

Equity 150
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CoreLogic Sells Unit to Private Equity Firm

socalTECH

Santa Ana-based CoreLogic , a provider of consumer, financial and property information, analytics and services to the real estate, mortgage, and other markets, said this morning that it has soled its Employer Services and Litigation Support business to private equity firm Symphony Technology Group (STG). The deal was worth $265M in cash.

Equity 157
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Sundae snags $36M to build out its distressed property marketplace

TechCrunch LA

He did note that in the four markets where the company has gone live since launching its business in January 2019 — San Diego, Los Angeles, the Inland Empire , and Sacramento — has yielded an annualized revenue run rate of over $400 million in gross merchandise value (the total value of home sales transacted on its platform).

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MindBody Raises $50M

socalTECH

The company--which develops software-as-a-service which helps local businesses manage scheduling, staff management, point of sale, ecommerce, marketing, and more--said the funding came from Bessemer Venture Partners, Institutional Venture Partners, Catalyst Investors, W Capital Partners and Montreux Equity Partners.

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Convertro Lands $5M For Ad Targeting

socalTECH

The firm said the funding came from Bessemer Venture Partners and DAG Ventures, and will go towards sales and marketing. Zwelling is a serial entrepreneurs who has had some major successes, including EchoSign (acquired by Adobe) and YLighting (acquired by private equity). Convertro raised $5M in a Series A in 2009.

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This Week in VC with Mo Koyfman of Spark Capital

Both Sides of the Table

Competition: Chegg (has raised $144 in debt and equity)—estimated by Steven Carpenter ( TechCrunch ) to be 10x more unique visitors than BookRenter (during peak book renting seasons) with nearly $140mm in revenues for 2010. Private, flash sales site focused on apparel goods (women, men and children). Read more: TechCrunch.

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The Truth About Convertible Debt at Startups and The Hidden Terms You Didn’t Understand

Both Sides of the Table

This time by the efforts of Adeo Ressi to introduce a new kind of structure called “ convertible equity.” My initial reaction to Adeo when we spoke was that while it may have solved some issues (debt versus equity) it didn’t solve the ones that I’ve been warning entrepreneurs about most loudly.

Startup 354