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Clubspeed Acquired By Private Equity Investor Nadavon

socalTECH

Corona, California-based Clubspeed , which develops software used to manage go karting tracks, race tracks, trampoline parks, and family entertainment centers, has been acquired by private equity investor Nadavon Capital Partners , the two said over the weekend. Financial terms of the deal were not announced.

Equity 113
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Dave Plans To Hit Public Markets Via SPAC

socalTECH

Los Angeles-based banking app developer Dave said this morning that it is going public, via a merger with VPC Impact Acquisition Holdings III, Inc., a special purpose acquisition company (SPAC) sponsred by Victory Park Capital. The company was launched in 2017, and now says it has over 10 million customers.

Marketing 113
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Invoca Names New VPs

socalTECH

Schmidlin previously served in interim roles as Head of People at CircleCI and Thorn, and also previously was VP of Learning & Development at Epicor, in addition to serving at LSI, Cisco and Barclays (London).

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Perforce Software, Backed By Clearlake Capital, Finds New Funding

socalTECH

Perforce Software , a developer of software used by developers to manage their software source control and DevOps--which is backed by Santa Monica-based Clearlake Capital Group--has scored a new round of funding, the company announced this morning. Clearlake first made its investment in Perforce in late 2017. READ MORE>>.

Software 113
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Broadcom to Sell Veracode for $950M After $19B CA Technologies Deal

Xconomy

Broadcom is selling application security testing business Veracode for $950 million to private equity firm Thoma Bravo. Broadcom gained Veracode as a part of its blockbuster acquisition of CA Technologies. New York-based CA makes software and provides services for everything from IT management to app development to cybersecurity.

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Startups Weekly: VCs are drunk on beverage startups

TechCrunch LA

As Amex scoops up Resy, a look at its acquisition history . The firm was launched in 2017 by general partners Eva Ho and TX Zhuo, formerly of Susa Ventures and Karlin Ventures, respectively. Takeaways from KubeCon; the latest on Kubernetes and cloud-native development . Fundraising. Extra Crunch.

Startup 223
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Reflections on 2016: Jeb Spencer, TVC Capital

socalTECH

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. Jeb Spencer: We closed our nineteenth and twentieth software focused growth equity investments this year, a significant milestone for our firm. READ MORE>>.

Capital 113