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SmartLabs Acquired By Richmond Capital Partners, Raises $7.3M

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Irvine-based SmartLabs , the parent company of smart home controller brand Insteon and home automation e-commerce site Smarthome , has been acquired by private investment firm Richmond Capital Partners. Financial terms of the acquisition were not announced, however, Richmond Capital Partners said it is investing $7.3M

Capital 124
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Kajabi Collects Massive $550M Round

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Irvine-based e-commerce software developer Kajabi said this morning that it has raised a massive, $550M funding round, which values the company at over $2 billion. The investment round firmly vaunts the company into unicorn territory. Kajabi's CEO and co-founder is Kenny Rueter.

Commerce 113
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Assembly Joins Billion Dollar Unicorns After Strategic Investment

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Los Angeles-based e-commerce software developer Assembly has joined the ranks of the local unicorn startups, according to the company, after getting a "significant capital injection" from Advent International. The company said it now surpasses $1 billion in valuation after the round.

Invest 113
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Ecwid Scores $5M In Series B

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San Diego-based e-commerce software developer Ecwid said this morning that it has closed a $5M, Series B funding round. According to Ecwid, the funding was led by iTech Capital, and also included Runa Capital. Ecwid said that Gleb Davidyuk of iTech Capital joins the company''s board with the funding.

PHP 138
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Assembly Gets Investment Round

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Los Angeles-based Assembly , a developer of e-commerce tools and software, has received what it says is a "significant investment" from private equity investor Providence Strategic Growth. According to Assembly, the new funding will go to both build and acquire e-commerce software and services.

Invest 113
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Pack Picks Up $3M For Ecommerce Tools

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San Diego-based Pack, a developer of e-commerce tools, says it has raised $3M in a seed funding round. Pack says it is developing what it calls "headless commerce", which helps brands create personalized shopping experiences. The funding was led by Norwest Venture Partners, and also included Alpaca and Vanterra Ventures.

Tool 113
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Tealium Claims Record Growth

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San Diego-based enterprise tag management software developer Tealium --whose software is used to manage the many marketing "tags" used on e-commerce and enterprise websites to track visits and marketing efforts--said today that it saw record growth in the first half of the year. Series C funding. READ MORE>>.

San Diego 138