article thumbnail

Bluebeam Nets Local Angel Groups 20X Return

socalTECH

Local angel groups have hit the jackpot again with an investment, this time with the October acquisition of Pasadena-based Bluebeam in a $100M deal by German software company Nemetschek AG. The Tech Coast Angels and the Pasadena Angels revealed today that their return on Bluebeam was 20x for angels who participated in funding Bluebeam.

article thumbnail

Green Dot Files For IPO

socalTECH

Green Dot is venture backed by Sequoia Capital, TTP Fund, as well as a significant number of Tech Coast Angels. The firm reported net income of $37.16M on revenues of $234.8M Tags: green financial prepaid merger acquisition tech coast angels. Green Dot is headed by Steven Streit.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Green Dot Sets Pricing Range

socalTECH

The firm is set to list on the NYSE as GDOT in the offering, which would net the firm around $154M at $35.00 Green Dot filed for an IPO in February, and is backed by Sequoia Capital, TTP Fund, and the Tech Coast Angeles. and $35.00 The IPO is being underwritten by J.P. READ MORE>>.

Pricing 213
article thumbnail

Mindbody Moves Closer To IPO, Sets IPO Trading Range

socalTECH

Mindbody is selling 7,150,000 share of its stock in its IPO, which would net $123.3M Morgan, along with the Tech Coast Angels, Frontera Capital, and the Pasadena Angels. Mindbody said in a filing this morning that it now expects its IPO to debut at between $13.00 and $15.00 READ MORE>>.

article thumbnail

AnyMeeting Names VP

socalTECH

Gerken was previously the founder of BuzzDash, and also had served at Net Effect Systems and Ask Jeeves, where he was COO of Ask Jeeves, U.K. Anymeeting is headed by Costin Tuculescu, and offers up free online meetings; the firm is angel backed by the Pasadena Angels and the Tech Coast Angels. and Ireland.

article thumbnail

Walmart Gets Stake In Green Dot

socalTECH

Green Dot also updated its quarterly numbers, saying that it had net income of $12.8M in net income it earned on $60.7M Green Dot is backed by Sequoia Capital, TTP Fund, and a significant number of the Tech Coast Angels. According to Green Dot, Walmart currently represents 63 percent of the firm's revenues.

article thumbnail

Angel Investing - Demystified

SoCal Tech Calendar

In the current economic and venture capital climate, angel investment is an increasingly important component of the start-up capital structure. Angel networks, where high-net-worth individuals come together to screen and vet deals, are the source of much of this funding.

Invest 100