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Southern California''s biggest organized, angel investment group, the Tech Coast Angels , said this morning that the group had its biggest investment year ever in 2014, investing a total of $16.37M across 61 total deals. The group said the investments make 2014 its largest ever since 1997 in terms of deals funded and amount raised.
2014 was the most active year in TVC history as measured by the number of investments/acquisitions/follow-ons/exits we completed. What was your biggest lesson learned in 2014? spencer capital 2014 reflections venture' Today, we have some thoughts from Jeb Spencer of TVC Capital , a private equity investment company in San Diego.
Los Angeles-based SOA Software , which develops software used by enterprises to manage internal APIs and interfaces between software, said today that it saw 90 percent growth in 2014 over 2013. SOA Software is led by Paul Gigg, and serves the Fortune 1000 market. software growth enterprise management'
Agoura Hills-based TouchCommerce , which helps provide brands with online software and services for helping better connect with their customers and potential customers, said today that it is planning growth and hiring at a new headquarters in Agoura Hills. touchcommerce hiring jobs employment agoura software' READ MORE>>.
Irvine-based Kareo , which provides cloud-based, medical office software, said Friday that it has raised $15M in a mezzanine debt funding round. The company said the new funding brings its total raised to $47M in 2014. kareo debt funding medical office software venture capital finance' READ MORE>>.
AT&T held their 6th annual developers summit in Las Vegas this year at CES 2014. Good things coming from AT&T in 2014. The post AT&T Developers Summit at CES 2014 appeared first on TechZulu. Several updates and announcements were made while also presenting the top 6 apps created during the weekend hack-a-thon.
San Diego-based Portfolium , a startup developing tools to allow students to showcase their achievements, projects, and other portfolio of academic work to potential employers, has been acquired by educational software provider Instructure , the two announced late Tuesday. Financial details of the acquisition were not announced.
Agoura Hills-based Estify , a developer of software to help auto body shops creates estimates on repair for auto insurers, has raised $6.3M in seed funding in 2014, and was part of the AmplifyLA startup accelerator. in a Series A funding, the company disclosed today. The funding came from Romulus Capital along with ff Venture Capital.
That includes the launch of its Los Angeles cloud region last year, as well as its acquisition of the Zync cloud renderer back in 2014. Google was also a founding member of the Academy Software Foundation , an open source foundation that focuses specifically on tools for the film industry.
LumaTax develops software which can be used by small businesses to automate the paperwork required for paying sales taxes. The startup is led by Robert Shulte, who was founder of sales tax software provider Taxient, which was based in San Diego, and who he sold to tax software developer Avalara in 2010. READ MORE>>.
San Diego-based cyber security software developer EdgeWave has raised $2M more in a Series A funding, the company said Wednesday. The company said the new funding brings its total raised in 2014 to $8M. Navy Captain Mike Walls, and says it prvides military-grade, cyber seurity software. The funding included $1.2M READ MORE>>.
The company said on July 17th that it had received a noncompliance letter from the exchange, due to its inability to file a 10-K for the year ended March 31, 2014. The company apparently has been having issues completing its fiscal 2014 audit. iteris traffic management software delisting nyse' Iteris trades on the NYSE as ITI.
Keeping the focus squarely on tools for artists and designers the company talked up its tools like Zync Render, which Google acquired back in 2014 , and Anvato, a video streaming and monetization platform it acquired in 2016. in Los Angeles.
Los Angeles-based financial software developer BlackLine Systems , which develops financial close automation software, reported yesterday that its revenues were up nearly 60 percent in the second quarter of 2014, compared to the prior year. blackline systems revenue growth software automation financial' READ MORE>>.
The software of Portfolium, a San Diego startup that hosts online portfolios for students trying to showcase their achievements to potential employers, is set to join the portfolio of Utah educational software company Instructure. Instructure (NYSE: INST ) has agreed to acquire privately held Portfolium.
Calabasas-based Ixia , the developer of network test equipment and software, has filed its second quarter 2014 financial results, along with quarterly reports for its second quarter of 2014, bringing it into compliance with its SEC filings, the company said late Monday.
” in 2014 the data seems pretty conclusive because LA has now become the fastest growing tech startup region by numbers of companies being started and those of us here have noticed this pace accelerating. billion in venture capital to LA’s technology startups and 2014 will shatter that figure. But even this is changing.
How much will social media fame cost you in 2014? According to Don Charlton, Co-founder and CEO of the applicant tracking software company The Resumator , "Employers have become increasing more sophisticated when reviewing an applicant''s social media prowess. A version of this article previously appeared on Forbes.
Solutionstar said it will pay $36M in cash for Title365, which it says is expected to have $63M in revenues in 2014. Solutionstar is a provider of technology and software to the real estate industry. Title365 was advised by JMP Securities in the deal. READ MORE>>.
CAGR through 2014. Forester predicts SaaS will account for 26% of the package software market by 2016, while Deloitte forecasts that only [.]. Dave Key and Technology Council of Southern California Virtually everyone agrees the SaaS market is growing incredibly quickly; Gartner predicted cloud growth would be 21% in 2011.
According to the report, Snap acquired PlayCanvas, a developer of 3D game design software, last May. No details on the acquisition have been announced by either of the companies.
Bushnell started Two Bit Circus last year to combine hardware, software, and technology through a series of projects. The group hopes to start a tour starting in Spring 2014 if it reaches its goals. The group is looking to raise $100,000 to startup up the effort. READ MORE>>.
Battery isn’t the only marquee investor to find value in ServiceTitan’s business developing software managing day labor. And as Battery Ventures investor Sanjiv Kalevar noted in a blog post last year , the opportunity for software companies serving blue-collar workers is huge.
Gardena, California-based Cover , which develops technology which uses algorithms and software to build custom, prefab buildings, including backyard studios, has raised $1.6M in a seed funding round. The funding was led by General Catalyst and Khosla Ventures, and also included Fifty Years, Hyperspeed Ventures, and angels.
The software--which was previously only available on iOS--was originally developed in Southern California. Burstly, the developer behind Testflight, was acquired by Apple back in 2014. Apple announced on Monday at WWDC 2021 that it will be extending its Testflight beta testing service to the Mac and the MacOS platform.
Calabasas-based network testing equipent and software developer Ixia reported late Wednesday that it has received yet another warning from the NASDAQ Stock Market, related to its late filing of its quarterly report for the quarter ended March 31, 2014.
We spoke with CEO and co-founder Nanxi Liu about the company''s software. Nanxi Liu: Our goal is to be the software that powers content on any kind of digital display that you see anywhere, whether that''s in a restaurant, hotel, or bar. We want our software to get you to be more engaged with the content on those displays.
Los Angeles-based Cartwheel, a startup that develops on-demand delivery management software, says it has raised $1M in a seed funding round, which came from TenOneTen Ventures, Act One Ventures, as well as famed hot dog restaurant chain Portillo's Hot Dogs, along with other angels.
Zweig was one of the architects behind the success of AdColony, a startup which sold to Opera Software in 2014 for $350 million. Company co-founder Jonathan Zweig has already had one hit as a Los Angeles-based entrepreneur.
In the world of drone aircraft and robots, right now everyone develops their own, on-board operating systems software to run those autonomous systems. We spoke with Dreamhammer''s CEO, Nelson Paez , about the company''s software and its vision for a interoperable operating system for drones and robots. What''s Dreamhammer?
Los Angeles-based HyperDraft, which is developing artificial intelligence software to help legal professionals draft, edit, and analyze legal documents, says it has named Sean Greaney as its General Counsel. HyperDraft said that Greaney was most recently at Goodwin Procter LLP, and previously had also served at Stubbs, Alderton & Markiles.
Santa Monica-based Cornerstone OnDemand , the developer of cloud-based, enterprise talent and employee management software, said today that it has named a new member of its board of directors. Cavanaugh had served in his position at Concur since 1999 until its acquisition by SAP in 2014. READ MORE>>.
Pasadena-based Sellbrite , which develops software which helps brands and retailers list their products on online marketplaces, has been acquired by GoDaddy , the companies announced on Wednesday. Sellbrite was founded in 2014, and was co-founded by Brian Nolan (co-founder and CEO) and Michael Ugino (co-founder and CMO).
AdColony develops mobile video advertising technology, and was acquired in 2014 for $350M by Operat Software. Los Angeles-based Lucidity , a developer of blockchain advertising technology, said this morning that it has named AdColony co-founder Nikao Yang as its Chief Operating Officer.
Pasadena-based enterprise search software developer X1 --one of the longest running offshoots of Idealab--reported today that it had a "record" sales year for the company in 2014. The company said its biggest purchase was a $1M contract from a large, US government agency for a 20,000 seat install of its software. READ MORE>>.
Irvine-based Kofax , the developer of document processing software and and other products, is being acquired by printer maker Lexmark , in a deal worth approximately $1 billion, the two said late Tuesday. Lexmark said the acquisition will nearly double the size of its enterprise software business, growing that to approximately $700M.
Lawn Love says it is backed by such investors as Joe Montana, Alexis Ohanian, Barbara Corcoran, Bullpen Capital, and others, and was part of the 2014 Y-Combinator startup incubator program. The company's CEO and founder is Jeremy Yamaguchi. READ MORE>>.
CAGR through 2014. Forester predicts SaaS will account for 26% of the package software market by 2016, while Deloitte forecasts that only […]. Dave Key and Technology Council of Southern California Virtually everyone agrees the SaaS market is growing incredibly quickly; Gartner predicted cloud growth would be 21% in 2011.
Los Angeles-based private equity investor Diversis Capital said this morning that it has sold one of its portfolio companies, BLUE Software , to software company Esko. BLUE Software is a developer of label and artwork management software, and is based in Chicago. Financial details of the sale were not announced.
Leonardo says it was founded in 2014, and expects to be installed on 4,000 properties by the end of the year. The company's software is used for maintenance schedule automation, managing work orders, and managing other aspects of apartment operations. The company is led by Founder and CEO Daniel Cunningham.
Urban Airship , a startup which develops mobile analytics and engagement software, said today that it has named two executives--both of whom have had prominent roles at Santa Barbara area technology companies. The company--based in Portland--said it named Scott Allen as its CFO, and Eric Holmen as its SVP of Worldwide Sales. READ MORE>>.
Carpinteria-based Procore Technologies , the developer of cloud-based, construction management software let by Tooey Courtemanche, says it more than doubled its headcount in 2014, and also saw record growth in its business. procore technologies cloud software growth employment jobs saas construction' READ MORE>>.
L Squared says its sectors of focus include education technology, tech-enabled services & software, and industrial technology & services. The investor said limited partners include a number of large, US-based family offices. The company says it plans to make seven to nine investments from within its Fund III. READ MORE>>.
Rentlytics has been acquired for $57M in cash by RealPage , a Texas software developer for the multi-family real estate industry. Rincon had been part of a small, $4M seed funding round for Rentlytics in 2014; it's unclear how much capital the company raised subsequent to that seed funding. READ MORE>>.
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