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FastSpring Acquired By Accel-KKR

socalTECH

Santa Barbara-based FastSpring , which develops e-commerce software for subscription-based software businesses, has been acquired by private equity investor Accel-KKR. According to FastSpring, Accel-KKR has made a majority equity investment in the firm, to provide capital and resources for its technology and go-to-market initiatives.

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FastSpring Gets Funding From Pylon

socalTECH

FastSpring , the fast growing Santa Barbara-based e-commerce payment services provider headed by Dan Engel, said today it has scored a funding round from Pylon Capital, a Los Angeles-based investment firm. The investment is the first, outside investment in the company since it was founded in 2005.

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ELC Technologies Acquired By Pourzanjani, Rahmat

socalTECH

Kamran Pourzanjani , the former CEO and founder of PriceGrabber.com, and Omid Rahmat , the former CEO of Tom's Hardware, have acquired Portland- and Santa Barbara-based ELC Technologies , the development firm founded by Jonathan Siegel. He currently heads up BestCovery.com. READ MORE>>.

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Here are More Signs that LA Tech is Moving to the Next Level

Both Sides of the Table

Michael Pfau (Santa Barbara … Reicker Pfau). This was 2005 when I had no exits under my belt, no blogs … nobody was looking. At GRP Partners we’re all in on Los Angeles having written about $35 million in early-stage venture capital investments in this market alone in the past six months.

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Interview with Mark Suster, GRP Partners

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GRP has just recently closed on a new $200M fund, and Mark has been one of the more active venture capitalists in the Los Angeles area in recent months. We have a regional focus here, and the market is underserved in venture capital, yet it's the second largest metropolis and DMA in the country. We're taking it seriously.