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It’s a new year – 2016. We’re a national venture capital investment firm but with our roots firmly in Los Angeles. You don’t have unlimited equity to dole out. We all want larger amounts of capital to hire more senior people and to build bigger teams. 2016 is going to be a tough year.
All this holiday season, we have been sharing the reflections on 2016 from the movers and shakers in Southern California's technology ecosystem. Here, we have the thoughts of Jeb Spencer of TVC Capital (www.tvccapital.com), a software focused growth equity fund, and has had some great success in the market.
With the advent and growth of crowdfunding over the past few years, many entrepreneurs have predicted the demise of those demanding angel investment groups and venture capital organizations. In equity crowdfunding, no investor is representing their own interest. Lack of checks and balances on startup valuations.
Santa Monica-based private equity investor Clearlake Capital Group, L.P. According to the companies, Clearlake Capital Group made a strategic minority investment in Diligent, which is owned by another private equity investment firm, Insight Venture Partners. Insight Ventures acquired Diligent in February of 2016.
Los Angeles-based private equity investor OpenGate Capital said this morning that it has sold one of its portfolio companies, Power Partners , to another private equity-backed company, Pioneer Transformers. Pioneer Transformers is backed by private equity investor Mill Point Capital. READ MORE>>.
Los Angeles-based private equity investor Palisades Growth Capital announced this morning that it has sold off its ownership interest Los Angeles-based L Docupace , a developer of software for the wealth management industry. Palisades said it sold its interests in Docupace to another private equity investor, FTV Capital.
All this holiday season, we have been sharing the reflections on 2016 from the movers and shakers in Southern California's technology ecosystem. In 2016, our Santa Monica office more than doubled market share of early-stage companies. Traditional venture capitalists will focus on leading larger rounds of equity in fewer companies.
Following this round, Fair now has access to nearly a $1 billion in debt capital since its 2016 founding and has raised over $500 million in equity to date. Car leasing and financing provider Fair announced Dec. 20 it completed a $385 million Series B round, led by SoftBank Group Corp.
Santa Monica-based venture investor Mucker Capital is one of the investors in a developer of fraud prevention and identity verification software, which uses email address scoring. Arizona-based Emailage said on Wednesday that it had raised $10M in a growth equity investment. READ MORE>>.
Santa Monica-based private equity investor Clearlake Capital Group announced this morning that it has sold Netmotion Wireless , a developer of mobile security software, to The Carlyle Group. Clearlake Capital acquired NetMotion Wireless back in 2012. Financial terms of the sale was not announced. READ MORE>>.
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. TVC Capital has also been a big supporter of socaltech over the years. What was the biggest news for you or your firm this year?
Manhattan Beach-based Traliant, which provides online workplace compliance training solutions, said it has received a majority investment from private equity investor PSG. Traliant was founded in 2016, and says it has over 5,000 customers. Financial terms of the investment were not announced.
Cozzens was most recently CEO of Telogis, which he led from startup to acquisition by Verizon in August of 2016. Digital Map Products is backed by private equity investor Silversmith Capital Partners. READ MORE>>.
Presented by Clear Capital Advisors. Join local entrepreneurs, SaaS innovators, leading VCs, private equity/angel investors February 23 at the Recurring Revenue Conference, 8-5pm with cocktail reception after.
Newport Beach-based private equity investor L Squared Capital Partners says it has successfully sold one of its portfolio companies, Learners Edge , to another private equity investor, Quad-C Management. Financial details of the sale were not announced. Learners Edge provides professional education products to teachers.
Digital Map Products was owned by private equity investor Silversmith Capital Partners, and had over 160 employees. Silversmith acquired Digital Map Products in a recapitalization deal in August of 2016. The deal had been announced in May. READ MORE>>.
Los Angeles-based private equity investor The Gores Group has sold one of its portfolio firms, Atlanta-based Peoplenet , to Boston-based Bullhorn. Gores acquired Peoplenet in 2016, through its Gores Small Capitalization Partners fund. Financial details of the sale were not announced. READ MORE>>.
Bryant Stibel , the Los Angeles area venture capital investment firm of Kobe Bryant and Jeff Stibel, has backed item tracking startup Tile in a new, $45M funding round. The growth equity funding was led by Francisco Partners, and also included GGV Capital, Bessemer Venture Partners, plus new investors Bryan Stibel and SVB Financial Group.
Private equity investors have more capital at their disposal than at any time in more than a decade, which could boost prices for companies seeking acquisitions. 1, private equity firms in North America and Europe had secured $212.6 1, private equity firms in North America and Europe had secured $212.6 As of Aug.
Digital Fuel had been owned by private equity investor Skyview Capital. Digital Fuel had been founded in 2000, and was acquired by VMware in 2011; Digital Fuel was then acquired by Skyview Capital in 2016. Financial details of the buy were not announced. Apptio is based in Seattle. READ MORE>>.
Irvine-based Ten-X , the operator of online real estate marketplace Auction.com and other sites, has been acquired by private equity investor Thomas H. Ten-X changed its name from Auction.com in 2016, as part of a rebranding of the company. Lee Partners , the two said this morning. READ MORE>>.
Los Angeles-based private equity investor K1 Investment Management said this morning that it has entered into an agreement to sell San Diego-based FMG Suite to another private equity ivnestor, Aurora Capital Partners. Financial terms of the deal were not announced. READ MORE>>.
Santa Monica-based private equity investor Clearlake Capital Group said on Thursday that it has agreed to merge Syncsoft Incorporated and Vision Solutions , two enterprise software companies that it already owns, and sell the resultant company to Centerbridge Partners. Clearlake acquired Syncsoft in 2015, and Vision Solutions in 2016.
Axiom Materials was backed by private equity investor Sorenson Capital, and was founded in 2016 in a recapitalization deal with Sorenson. Axiom Materials said it will continue to operate under its existing trade name and business partnerships after the acquisition. READ MORE>>.
The funding came from Carrick Capital Partners and Goldman Sachs Growth Equity. The company last raised a funding round back in 2016, which also was led by Goldman Sachs. Mavenlink's round brings the Orange County's total funding to more than $111.5M.
Santa Monica-based equity crowdfunding site Crowdfunder is making it easier for it to work with investors, saying on Monday that it has just received its broker-dealer license to sell securities directly to accredited investors. Crowdfunder said the move will help create a "more seamless solution" for its customers.
Irvine-based BigRentz , the private equity-backed online marketplace for heavy equipment rentals, has named a new Vice President of Operations, the company said today. Holmes has been Director of Strategic Partnerships at BigRentz since 2016. BigRentz is backed by Los Angeles private equity investor St. Cloud Capital.
San Diego-based Lead Inclusively , a consulting firm which provides technology-enabled services around diversity, equity, and inclusion, said last week that it has raised $1.5M Denise Hummel is the founder and Chief Executive Officer of Lead Inclusively, which was founded in 2016. in a funding round. READ MORE>>.
San Diego-based Lytx , which develops video telematics products for driving fleets, has scored a massive, $700M funding round from a group of private equity investors. GTCR acquired Lytx in 2016 , for $500M in cash. According to Lytx, the funding has an enterprise in excess of $1.5 Lytx said it was advised by Rothschild & Co.
Thursday, June 30, 2016 -- Alternative Accelerators and Start-Up Resources. This is especially true for first-time and early-stage entrepreneurs not yet ready to pursue venture capital or who lack certain critical capabilities. Today, start-ups have more choices for accessing business resources and seed funding than ever.
Thursday, June 23, 2016 -- Alternative Accelerators and Start-Up Resources. This is especially true for first-time and early-stage entrepreneurs not yet ready to pursue venture capital or who lack certain critical capabilities. Today, start-ups have more choices for accessing business resources and seed funding than ever.
FTD also agreed to sell both its North American and Latin American businesses to private equity investor Nexus Capital Management , in a move that includes San Diego-based Proflowers. FTD acquired San Diego's ProFlowers in 2014, paying $430M for the online flower and gift delivery service. United Online was acquired by B.
Wednesday, August 10, 2016 -- Will Crowdfunding Be In Your Companys Future? With the SEC approving recent rules for Crowdfunding, more startup companies are now being able to take advantage of this capital formation pathway. OC Tech Alliance. Thankfully, newer (and crowd-based) tools to monitor online reputations are emerging.
A new report, issued Monday, says that IPO activity has slowed significantly in Q1, with a 39 percent drop in volume and 70 percent decline in total capital raised versus Q1 of last year. billion in Q1 of 2016--the weakest first quarter of the year since 2009. billion in Q1 of 2016--the weakest first quarter of the year since 2009.
Yet as I mentor entrepreneurs around the country, crowdfunding still seems to be one of the least understood approaches to startup funding, with more myths than accredited angels and professional venture capital investors combined. Startup equity model. In Europe, other investors can buy equity, with platforms such as Seedrs.
IPO activity at a sluggish pace—so sluggish, in fact, that this year could end with the fewest IPOs and the lowest level of capital raised since 2009, according to PitchBook data for the first nine months of 2016. The institutional research firm is predicting a surge of IPOs in the weeks and months to come.
Yet as I mentor entrepreneurs around the country, it still seems to be one of the least understood approaches to startup funding, with more myths than accredited angels and professional venture capital investors combined. Startup equity model. In Europe, other investors can buy equity, with platforms such as Seedrs. In the U.S.,
The two said they will provide up to $120,000 in funding for each team in the program, which will run for 13 weeks, from March 28th until June 23rd, 2016, taking 6-10 percent of equity in each startup in the program. The new accelerator is being run alongside Cedars-Sinai , and will focus on health and healthcare delivery.
I’m not saying I’m not investing – just that I’m generally aware that the market does drive venture capital fundings and I’m very interested to see how September plays out. But I do know the world will be watching so I’m personally feeling cautious until I see how that all plays out.
Georgian Partners and Bain Capital Ventures, the investment firms that anchored Tealium’s $30.7 Georgian Partners and Bain Capital Ventures, the investment firms that anchored Tealium’s $30.7 Tealium said its business grew by 60 percent in the first half of 2016, but the company did not disclose specifics about its revenue. “We
With the advent and growth of crowdfunding over the past few years, many entrepreneurs have predicted the demise of angel investment groups and venture capital organizations. In equity crowdfunding, no investor is representing their own interest. billion to USD 3.62 Lack of checks and balances on startup valuations.
Every startup needs to start their funding search looking for grants, with no equity dilution, as well as contests and foundations. These often lead to angel investors and venture capital investments later, or connections to local company venture funds for selected focus and technology areas.
According to the National Venture Capital Association and PitchBook , this past quarter $15 billion was invested in 1,810 deals , which compares unfavorably to both the prior quarter ($22.1 Have investors drifted, becoming less dogmatic about hitting interim milestones with as little capital as possible? history (admittedly, at 2.1
funding led by Level Equity. What we did in 2014-2015 and most of 2016, was to really, really refine the business model, so that we could be a successful company, and not just have a successful product. That allowed us to bring in a new investor, Level Equity, and we raised a little over $16M in capital to scale the business.
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