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London and SF have become Impact Tech hubs, with 280% increase in VC in 5 years

TechCrunch LA

capital has produced 241 impact startups since 2006, with 95 companies founded in San Francisco. At a national level, the United States received more VC funding for impact tech companies than any other country in the past five years, with investors pumping $35.8 billion into U.S. firms since 2015, double the amount invested into China ($16.8

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The Gores Group Sells Enterasys To Extreme Networks

socalTECH

Los Angeles-based private equity firm The Gores Group said today that it has closed a transaction to sell Enterasys Networks to Extreme Networks, via its joint venture with Siemens AG. Gores bought Enterasys back in 2006 for $386M. gores group extreme networks enterasys merger acquisition private equity' READ MORE>>.

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3PL Central Raises $17.5M For Warehouse Management Software

socalTECH

3PL Central, which was founded by John Watkins and Nancy Rohman in 2006, is used by third party logistics providers for their private warehouse management. in the private equity funding. The funding came from Mainsail Partners. Mainsail's Jason Payne and Stephen Wolfe will join the company's board. Davidson & Co. READ MORE>>.

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TVC Capital Backs Celigo

socalTECH

San Diego-based software growth equity investor TVC Capital has backed Celigo , a developer of software to integrate cloud-based applications. Celigo said this morning that it has raised $8M in an expansion capital round, its first institutional funding since it was founded in 2006. A part of the funding, TVC Capital's Steven J.

Capital 100
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OpenGate Capital Acquires Power Partners

socalTECH

Los Angeles-based private equity investor OpenGate Capital announced this morning that it has acquired Power Partners , a US-based manufacturer of power transformers. Financial details of the acquisition were not announced. Power Partners was previously owned by manufacturing company PPI. READ MORE>>.

Capital 100
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Intuit Sells Intuit Financial Services For $1.025 Billion

socalTECH

Financial software provider Intuit has sold its Intuit Financial Services business--which is based in Woodland Hills--to private equity firm Thoma Bravo. Intuit had acquired Digital Insight back in 2006, for $1.35 Intuit announced the deal on Monday, saying the cash transaction is worth approximately $1.025 billion. READ MORE>>.

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Evolve Media Sells SheKnows.com

socalTECH

said this morning that it is selling its SheKnows.com property to a private equity firm. Financial details of the sale, and the name of the private equity buyer, were not announced. Evolve Media said that it originally acquired SheKnows.com in 2006, when it was a five person company with 600,000 unique visitors per month.

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