socalTECH

AUGUST 18, 2020

According to Canoo, it has entered into an agreement with special purpose acquisition company (SPAC) Hennessy Capital Acquisition Corp. and will be listed on the Nasdaq Stock Market under the ticker symbol CNOO. IV --which trades on the NASDAQ as HCAC--for the business combination.

Marketing 113

Marketing Acquisition Los Angeles Capital 113

socalTECH

FEBRUARY 11, 2021

Santa Monica-based private equity investor Clearlake Capital said this morning that it has created a new company, Newfold Digital, through the acquisition of Endurance International Group, plus strategic investment transactions with both Web.com and affiliates of Siris.

Capital 113

Capital Santa Monica Company Companies 113

L.A. Business Journal

NOVEMBER 14, 2018

has secured $165 million in funding from a venture capital group to build out its home services software firm through acquisitions and moves into new markets. Glendale-based ServiceTitan Inc.

Venture Capital 147

Venture Capital Glendale Capital Acquisition 147

socalTECH

OCTOBER 17, 2018

Los Angeles-based Edlio , has received a growth capital investment this morning, for its K-12 education and "community engagement" software, and in particular, acquisitions of other companies. According to LLR Partners, its investment will be used by Edlio to support its market expansion, via organic growth and acquisitions.

Education 124

Education Acquisition Invest Software 124

socalTECH

JULY 12, 2018

Santa Monica-based private equity investor Clearlake Capital said this morning that it has sold one of its portfolio companies, Pomeroy Group Holdings , to an affiliate of Getronics Group. Financial details of the acquisition were not announced. Clearlake has owned Pomeroy Group Holdings for the last five years. READ MORE>>.

Capital 113

Capital Santa Monica Equity Acquisition 113

socalTECH

JUNE 7, 2021

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.

Marketing 113

Marketing Equity Acquisition Los Angeles 113

TechEmpower

JULY 31, 2023

One way to approach that last question is to use this simple model: Customer Acquisition Cost (CAC) How will your business reach prospects? If your numbers work out, then scaling becomes a question of capital. This isn’t a simple, first-cut acquisition pipeline! What does the business do? How does it meet customers’ needs?

Metrics 260

Metrics Startup Slides Technical Review 260

TechCrunch LA

FEBRUARY 11, 2021

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

Company Companies Acquisition Equity 363

socalTECH

NOVEMBER 25, 2019

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. Financial terms of the deal were not announced.

Capital 113

Capital Equity Los Angeles Funding 113

socalTECH

APRIL 19, 2011

The acquisition of Newport Beach-based semiconductor firm Conexant by private equity firm >b>Golden Gate Capital has completed, the firm said today. The acquisition takes Conexant private, with the firm no longer trading on the NASDAQ Global Market.

Acquisition 145

Acquisition Equity Capital Marketing 145

socalTECH

FEBRUARY 27, 2018

Irvine-based United Scope , a maker of microscopes and accessories which operates under the name AmScope , has been acquired by private equity investor L Squared Capital Partners , via a majority recapitalization. United Scope sells its products to the education market, life sciences, scientific research, and industrial inspection markets.

Capital 113

Capital Education Equity Research 113

socalTECH

AUGUST 3, 2020

Goleta-based gallium nitride (GaN) power semiconductor developer Transphorm announced this morning that it has launched into the public markets, via the Over-The-Counter (OTC) market. The move is somewhat unusual for a technology startup here, where the OTC market is mostly eyed with suspicion.

Marketing 124

Marketing Google Capital Funding 124

socalTECH

FEBRUARY 13, 2019

Los Angeles-based JibJab , which provides animated, personalized greeting cards and other social content, has been acquired by private equity investor Catapult Capital LLC , Catapult Capital announced this morning. Cloud Capital, with Catapult being advised by Reed Smith LLP in the deal.

Capital 127

Capital Entertainment Los Angeles Equity 127

socalTECH

JANUARY 25, 2018

According to Greenfly, the funding round was led by Alpha Edison, and also included Iconica Partners, Elysian Park, and Corazon Capital. Greenfly says the new funding will go towards technology, user acquisition, marketing initiatives, and new hires. Greenfly has now raised a total of $14.7M in funding.

Marketing 133

Marketing Funding Santa Monica Social Media 133

socalTECH

JANUARY 25, 2017

San Diego-based Ad-Juster , a developer of automated reconciliation and reporting software for the digital ad market, was recently acquired by Chinese investor Innotech Capitals. Financial details of the acquisition were not announced. The acquisition was announced last week. READ MORE>>.

Capital 100

Capital San Diego Acquisition Report 100

socalTECH

SEPTEMBER 30, 2013

The deal will remove Active Network from the public markets. The deal includes debt financing from BofA Merrill Lynch, RBC Capital Markets, and BMO Capital Markets Corp. active network merger acquisition sports vista equity partners buyout' READ MORE>>.

Activity 178

Activity Equity Acquisition Networking 178

TechCrunch LA

MAY 3, 2022

million last year, is among hair businesses aimed at women and people of color, like Rebundle , Morado and theCut , attracting venture capital dollars. The other side of the business is a new monthly subscription service for stylists that helps them market their handcrafted wigs, beauty and other digital products and services.

Tool 179

Tool Customer Custom Marketing 179

SoCal Tech Calendar

MAY 31, 2016

Irvine-based Infinite RF Holdings , the parent company of Pasternack Enterprises and Fairview Microwave, has been acquired by private equity investor Genstar Capital. Financial terms of the acquisition were not disclosed. READ MORE>>.

Capital 100

Capital Equity Education Acquisition 100

socalTECH

NOVEMBER 18, 2015

Santa Monica-based private equity investor Clearlake Capital Group, L.P. Financial terms of the acquisition were not announced. Syncsort develops Hadoop and other big data integration software for the mainframe market.

Capital 100

Capital Santa Monica IBM IBM 100

socalTECH

JUNE 10, 2013

Monrovia, California-based prepaid card provider Green Dot has acquired the reloadable prepaid card business of GE Capital , which are marketed under the Walmart brand, the firm said today. Financial terms of the acquisition were not announced. card prepaid financial acquisition merger gecapital walmart gdot green greendot'

Capital 191

Capital Monrovia Acquisition Mobile 191

socalTECH

OCTOBER 12, 2016

The funding came from L Squared Capital Partners. According to L Square, the investment in Edlio will go towards sales and marketing, international growth, new product development, and strategic acquisitions. Edlio is led by CEO Ali Arsan.

Acquisition 100

Acquisition Software Class News 100

TechCrunch LA

JANUARY 16, 2019

In a global mobile games market that is consolidating, Jam City could not be more proud to be working with JPMorgan, Bank of America Merrill Lynch, Silicon Valley Bank, SunTrust Bank and CIT Group to strategically support the financing of our acquisition and growth plans,” said Chris DeWolfe, co-founder and CEO of Jam City.

Mobile 251

Mobile Capital Los Angeles Acquisition 251

socalTECH

MARCH 16, 2015

Los Angeles-based Triton Digital , the provider of software for the digital audio streaming market, has been acquired by private equity firm Vector Capital , the companies said today. Triton Digital was advised by Macquarie Capital in the deal. Financial terms of the buy were not disclosed. READ MORE>>.

Capital 100

Capital Equity Advertising Demand 100

socalTECH

SEPTEMBER 15, 2015

San Diego-based Bevo Media , an online ad exchange and ad tracking platform developer, has been acquired by private equity investor Vize Capital. Bevo Media was founded in 2010, and plays in the performance marketing area. READ MORE>>.

Media 100

Media Capital San Diego Platform 100

socalTECH

MARCH 12, 2018

Santa Monica-based private equity investor Clearlake Capital Group said this morning that it has acquired Minneapolis, Minnesota-based Provation Medical , a developer of software for the healthcare documentation and coding market. Financial details of the buy were not announced.

Capital 113

Capital Santa Monica Equity Software 113

socalTECH

JANUARY 5, 2022

Los Angeles-based banking app developer Dave will start trading on the Nasdaq Global Market as DAVE, starting Thursday, January 6th, after stockholders of VPC Impact Acquisition Holdings III approved the deal to merge with Dave in a SPAC deal. Dave says it currently has more than 11 million customers using its banking app.

Acquisition 113

Acquisition Equity Los Angeles Marketing 113

socalTECH

MARCH 3, 2014

Los Angeles-based private equity investor Platinum Equity said last week that it has sold NESCO , a provider of fleet equipment rental, sales, and services for the electrical transmission and distribution market, to Energy Capital Partners. private acquisition merger partners capital energy nesco equity platinum'

Equity 138

Equity Capital Sales Acquisition 138

socalTECH

JUNE 7, 2013

Santa Monica-based private equity firm Clearlake Capital said this week that it has acquired the Retail Solutions Group of Agilisys , a provider of technology and managed services for the retail market. Clearlake Capital said it will rename the group as Kyrus Solutions. The new company remains in Greenville, South Carolina.

Capital 147

Capital Santa Monica Equity Sales 147

socalTECH

JULY 16, 2013

In the latest positive move for the Los Angeles venture capital market, a new investor has moved into town, to take advantage of the area''s growing startup market. core innovation capital venture investment fund' The firm''s efforts here are headed by Arjun Schutte. READ MORE>>.

Capital 174

Capital Southern California Avalon SoCalTech 174

socalTECH

MARCH 13, 2018

Los Angeles-based digital marketing agency Wpromote has received a private equity investment from Shamrock Capital , the two announced today--the first ever outside investment received by Wpromote, ever. The companies did not say how large of a stake Shamrock Capital has taken in Wpromote. READ MORE>>.

Invest 100

Invest Capital Equity Los Angeles 100

socalTECH

FEBRUARY 16, 2021

symplr, a developer of healthcare governance and compliance software, has acquired Phynd Technologies, a provider of a centralized provider data management platform for the healthcare market. Financial terms of the acquisition were not announced. symplr was advised by Harris Williams and Healthcare Growth Partners in the deal.

Santa Monica 113

Santa Monica Equity Acquisition Platform 113

socalTECH

OCTOBER 30, 2013

Southern California venture capital investors Domain Associates and Versant Venture saw a public exit of one of their portfolio companies this morning, molecular diagnostics equipment maker Veracyte. Veracyte debuted on the NASDAQ Global Market this morning at $13.00 per share, and was trading slightly down at $12.95 this morning.

Southern California 159

Southern California Marketing Venture Capital Acquisition 159

TechCrunch LA

SEPTEMBER 13, 2021

With the new capital, SpotOn has raised $628 million since its inception. The latest investment is being used to finance the acquisition of another company in the space — Appetize, a digital and mobile commerce payments platform for enterprises such as sports and entertainment venues, theme parks and zoos.

Technical Review 296

Technical Review Software Review Invest Acquisition 296

socalTECH

JULY 20, 2018

Los Angeles-based private equity investor Diversis Capital said this morning that it has sold one of its portfolio companies, BLUE Software , to software company Esko. Diversis says its focus is on companies in the lower and middle markets. Financial details of the sale were not announced. READ MORE>>.

Capital 100

Capital Equity Los Angeles Design 100

Berkonomics

JUNE 25, 2020

This is the total expected revenue for a customer (usually calculated with a five year life no matter what the type of business) less the cost of acquisition (see below) less the recurring direct costs of serving the customer or of product estimated to be sent to the customer over the lifetime relationship. CPA (Cost per Acquisition).

Acquisition 156

Acquisition Statistics Sales Customer 156

TechCrunch LA

JUNE 10, 2021

Previous backers include Sequoia Capital, SilverLake, Dragoneer and Ant Group, among others. and plans to use its new capital in part to continue to grow there and globally. Overall, Klarna is live in 20 markets, has more than 90 million global active users and more than 2 million transactions a day conducted on its platform.

Los Angeles 266

Los Angeles Funding CIO Marketing 266

socalTECH

JANUARY 3, 2019

As we close out our contributions for the end of 2018, here's Jeb Spencer of TVC Capital. 2018 was a great year for TVC Capital and we were able to get our fourth growth equity fund closed, taking our assets under management to close to $400 million. What was the biggest lesson you learned this year? Two big lessons in 2018.

Capital 113

Capital Southern California El Segundo SaaS 113