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OpenGate Capital's Kongsberg Precision Cutting Systems Makes Acquisition

socalTECH

Los Angeles-based private equity investor OpenGate Capital said that one of its portfolio companies, Kongsberg Precision Cutting Systems, has acquired another company, MultiCam, from private equity investor Rosewood Private Investments. Financial terms of the acquisition were not announced.

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Centerfield Launches New Product For Customer Acquisition

socalTECH

Los Angeles-based Centerfield , a company which provides marketing and customer acquisition to the residential services, business services, and telecommunications markets, says it has launched a new product, called Insights by Scout. Pricing on the new product was not announced. READ MORE>>.

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Despite the economy, LA’s Maple Media is hunting for app acquisitions

TechCrunch LA

Over the past three years the Los Angeles-based startup Maple Media has amassed a portfolio of roughly thirty companies and one hundred apps in its quest to become the IAC of app store businesses. The PlayerFM deal stands out as an example of what the company looks for in an acquisition target, said Ritter. ”

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AvantStay, a platform for kitting out — and then renting out — high-end vacation rental homes, raises $160M

TechCrunch LA

AvantStay — which has built a platform where it decorates and then lists properties owned by others for people to rent out for vacations or other short-term stays — has raised $160 million in a Series B round of funding. Los Angeles-based AvantStay has been around since 2017 and had only raised $25 million in the last four years.

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India’s Haptik acqui-hires Los Angeles startup Convrg in international expansion push

TechCrunch LA

Mumbai-based Haptik, which operates a conversational AI platform , has already won several high profile clients in India. On Tuesday, Haptik announced it has acqui-hired Convrg, a Los Angeles-based startup that develops chatbots, to serve customers in North America. 60% of all software is bought in the U.S.,

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Snap accelerator names its latest cohort

TechCrunch LA

Mogul Millennial — this Dallas-based company is a digital media platform for black entrepreneurs and corporate leaders. Nuggetverse — Los Angeles-based Nuggetverse is creating a children’s media business based on its marquee character, Tubby Nugget. -based professional digital community built for blue-collar workers.

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SpotOn raises $300M at a $3.15B valuation and acquires Appetize

TechCrunch LA

Advisors Douglas Merritt, CEO of Splunk, and Mike Scarpelli, CFO of Snowflake, also made individual investments as angels. SpotOn is paying $415 million in cash and stock for the Los Angeles-based company. The acquisition of Appetize extends SpotOn’s reach to the enterprise space in a major way.