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OpenGate Capital Acquires Sargent and Greenleaf

socalTECH

Los Angeles-based private equity investor OpenGate Capital has acquired Sargent and Greenleaf , a maker of a wide range of both electric and traditional mechanical locks, from Stanley Black & Decker. According to OpenGate Capital, it expects the acquisition to be complete in Q1 of 2019.

Capital 113
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Ad.net Buys IntentX

socalTECH

Los Angeles-based digital performance advertising firm Ad.net announced on Wednesday morning that it has acquired IntentX. IntentX was founded in 2019 by Mom Chan and Vamsu Putrevu. Ad.net is backed by private equity investor Clarion Capital, and is led by CEO Jon Waterman.

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Planning 500,000 charging points for EVs by 2025, Shell becomes the latest company swept up in EV charging boom

TechCrunch LA

Shell’s plan to roll out 500,000 electric charging station in just four years is the latest sign of an EV charging infrastructure boom that has prompted investors to pour cash into the industry and inspired a few companies to become public companies in search of the capital needed to meet demand. One more deal soon followed.

Company 363
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Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

TechCrunch LA

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio, Jam City and giving the company $145 million in new funding to carry that out. The data and analytics firm suggests that mobile gaming will capture some 60% of the overall gaming market in 2019 as well.

Mobile 251
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London and SF have become Impact Tech hubs, with 280% increase in VC in 5 years

TechCrunch LA

billion in VC investment from January to October, already matching 2019 levels. capital has produced 241 impact startups since 2006, with 95 companies founded in San Francisco. Arrival is now operating in Los Angeles, while Octopus Energy launched in the U.S. times) since 2015, compared to 3.1 times in Europe as a whole.

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Pipe Picks Up $60M For SaaS Financing

socalTECH

Los Angeles-based Pipe Technologies , which is developing a subscription financing platform to help software companies finance their businesses without debt or dilution, has raised $60M in a funding round, the company said on Wednesday. Pipe was founded in September 2019 by Harry Hurst, Josh Mangel, and Zain Allarakhia.

SaaS 113
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Startups Weekly: VCs are drunk on beverage startups

TechCrunch LA

Last week, I wrote about an alternative to venture capital called revenue-based financing and before that, I jotted down some notes on one of VCs’ favorite spaces: cannabis tech. Haus, like any good consumer startup in 2019, is shipped directly to your door. — Kate Clark (@KateClarkTweets) May 21, 2019. Fundraising.

Startup 223