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Skyline Financial Raises $8.2M From GRP, Others

socalTECH

Los Angeles-based venture capital firm GRP Partners --which has been very active in the local technology startup market--has made its latest investment, in an interesting industry: mortgage lending. GRP is the lead investor in Skyline Financial , a Calabasas-based provider of mortgage banking and lending. READ MORE>>.

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National Technical Systems Gets $14M In PIPE

socalTECH

Calabasas-based National Technical Systems , which provides testing and engineering services, said today that it has raised $14M in a private placement. The firm said it raised the debt and equity with Mill Road Capital. The firm said the new funding will go towards one or more future acquisitions by the company. Riley & Co.

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Applied Merchant Systems and BlueSquare Resolutions Merge

socalTECH

Calabasas-based payment processing operator Applied Merchant Systems announced late Monday that it has merged with BlueSquare Resolutions , and raised a round of debt funding. The funding came via a senior credit facility from Goldman Sachs Specialty Lending Group and Business Development Corporation of America.

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