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Black Mountain Systems Acquired By Vista Equity Partners

socalTECH

San Diego-based Black Mountain Systems , a developer of software for credit investors and alternative asset managers, has been acquired by private equity firm Vista Equity Partners. Black Mountain Systems was previously owned by another, private equity investor, Stone Point Capital LLC , which acquired Black Mountain in 2015.

Equity 113
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What I Learned In 2015: Jeb Spencer, TVC Capital

socalTECH

Today, we have the thoughts of Jeb Spencer of TVC Capital (www.tvccapital.com), a software focused growth equity fund which just raised a new fund, and has had some great success in the market. Jeb Spencer: For TVC, closing on our new $115 million software focused growth equity fund at the end of last year made for an exciting 2015.

Capital 100
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Praying to the God of Valuation

Both Sides of the Table

Sure, we built SaaS products before the term even existed but at 31 it was hard to delineate reality from what all of the monied people around us were telling us what we were worth. During this era, from 2009–2015, most founders I knew were in it for building great & sustainable companies. Until we weren’t. The tide has gone out.

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Chrome River Claims Big User Growth

socalTECH

The company said it had record growth in 2015, and now has over 430 enterprise customers and more than 1 million users. Chrome River is backed by private equity investor Great Hill Partners, which invested $100M in the company in June of 2015. The company did not say what that translates to in terms of revenues.

Equity 100
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Arrowroot Capital Aims To Raise $175M In Third Investment Fund

socalTECH

Santa Monica-based Arrowroot Capital , an investment firm focused on investing growth equity in growing software-as-a-service and internet-based businesses, has launched an effort to raise $175M in its third fund, Arrowroot Capital III, LP. The firm's second fund closed at the end of 2015, and was worth $50M. READ MORE>>.

Invest 100
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Interview with Mike Whitmire, CEO and Co-founder, FloQast

socalTECH

We took it to the market in January of 2015. He comes from a SaaS background, and enterprise software. We would have been able to been more effective, and retained a greater percentage of equity. How long has your software been available? From a revenue perspective, we've seen 300 percent, year-over-year growth.

Startup 124
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Making Sense of the Stock Market Drops in Relation to Venture Financing

Both Sides of the Table

You thought media twitter was bad… You thought tech twitter was bad… — Hunter Walk (@hunterwalk) August 24, 2015. If markets come back quickly then you’ll see a return to normal 2015 funding timeframes (which I can tell you are much quicker than in times past). My favorite Tweet of the morning came from Hunter Walk.

Marketing 150