socalTECH

DECEMBER 11, 2015

Santa Monica-based Arrowroot Capital , an investment firm which invests in software-as-a-service and Internet-based businesses, said in a regulatory filing that it is raising a $50M fund. No details on the fund have been announced by Arrowroot Capital, which did not indicate any limited partners yet committed to the fund. Arrowroot lists such portfolio investments as Zift Solutions, EiQ Networks, 4Tell, and MedNet Solutions.

Invest 122

Invest Capital Funding Santa Monica 122

Startup Professionals Musings

DECEMBER 11, 2015

As an angel investor, I hear many entrepreneurs making negative comments about competitors or asserting they don’t have any competitors. They don’t realize that knocking competitors is assessed as a weakness and denying that you have any competition suggests there is no market for your solution. The smart approach is to find competitors to highlight your strengths.

Capital 63

Capital Competition Case Study Patents 63

socalTECH

DECEMBER 11, 2015

Los Angeles-based Oncam , a new startup developing group video calling apps, has raised $7M in a funding round, according to the company. The funding was led by Tonn Investments, and also included un-named high net worth individuals and firms. Oncam said it is directing its group video calling app at actors, directors, writers, musicians, athletes, and others to address their fans.

.Net 116

.Net Entertainment Los Angeles Invest 116

Tech Zulu Event

DECEMBER 11, 2015

Much has been made about the ongoing cloud wars. For those not familiar with the term, the cloud wars refers to the intense competition between public cloud providers as they seek to increase their share of the lucrative and growing cloud market. In fact, to describe the competition as intense is probably an understatement. Announcements regarding new features and slashed prices have become a regular occurrence, leading to battles over retaining customers while attracting new ones.

Competition 48

Competition Startup Marketing Custom 48

Advertiser: Aggregage

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

Company

socalTECH

DECEMBER 11, 2015

Camarillo-based religious broadcaster and publisher Salem Media Group has acquired its own, mobile app, called InstaPray , the company said late Thursday. Financial details of the acquisition were not announced. Instapray develops iOS and Android apps which lets users submit and share prayer requests to others. Salem Media said the addition to its Salem Web Networks arm helps expand its portfolio of Christian websites and apps.

Media 109

Media Web Mobile Acquisition 109

socalTECH

DECEMBER 11, 2015

Ontario, California-based SIGMAnet , a provider of IT consulting, solutions, and managed services, has been acquired by Minnesota-based ConvergeOne. Financial terms of the acquisition were not announced. SIGMAnet was founded in 1990, and has more than 250 employees spread between Orange County, Los Angeles, Inland Empire, San Diego, and San Jose. Converge One said the acquisition was backed by Clearlake Capital.

Orange County 109

Orange County San Diego Acquisition Los Angeles 109

socalTECH

DECEMBER 11, 2015

Hermosa Beach-based Precipice Labs , a new startup developing mobile apps, has announced a new platform and SDK which helps mobile app developers add photo sharing to any mobile app. According to the startup, its new Ostetso platform is designed to help developers add their own, photo sharing social network with only a few lines of code. The platform handles everything from the photo gallery within the app to all the back-end database and image storage.

Hermosa Beach 109

Hermosa Beach Social Network Venice Mobile 109