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

DECEMBER 2, 2020

A new report this morning, from Bloomberg, says that Amazon is in exclusive talks to acquire Los Angeles-based podcasting publisher Wondery. Wondery is backed by Waverley Capital, Lerer Hippeau, Greycroft, BDMI, Advancit, Water Tower Ventures, and Powerhouse Ventures. Terms of the possible deal have not been released.

Report 113

Report Los Angeles Capital Angel 113

socalTECH

NOVEMBER 9, 2020

Los Angeles-based podcasting network Wondery appears to be attempting to sell itself for between $300M to $400M, according to multiple reports. The podcasting publisher is backed by Waverley Capital, Lerer Hippeau, Greycroft, BDMI, Advancit, Water Tower Ventures, and Powerhouse Ventures.

Report 113

Report News Los Angeles Networking 113

socalTECH

SEPTEMBER 20, 2019

Goleta-based Procore , the develops of mobile-enabled, construction management software led by Tooey Courtemanche, appears to be headed for an IPO, and reportedly has hired Goldman Sachs to lead its IPO, according to a report. Tiger Global, Bessemer Venture Partners, Great Pacific Capital, and ICONIQ Capital. READ MORE>>.

Report 113

Report Invest Software Mobile 113

socalTECH

JANUARY 2, 2020

Today, we share the thoughts of Peter Cowen , Managing Director of Sutton Capital Partners (www.suttoncapitalpartners.com). Socaltech has partnered with Sutton Capital Partners with their Recurring Revenue Conference for several yars. What was the biggest news for you/your company this year?

Capital 100

Capital SoCal Southern California SaaS 100

socalTECH

MARCH 29, 2013

It looks like the sale of book review and community Goodreads was worth between $150M to $200M, according to a report form AllThingsD Friday, potentially making the acquisition one of the better returns on capital from a Southern California technology startup in recent years.

Report 203

Report Technical Review Southern California Santa Monica 203

socalTECH

JANUARY 26, 2022

According to reports, the company has "kicked off preparations" for an IPO in early 2022. It's not uncommon for companies looking for an acquisition to leak rumors of an IPO, typically through their investment bankers or investors. The company is baked by Tiger Global, Sequoia Capital, and others. billion earlier this year.

Report 113

Report Acquisition Los Angeles Services 113

socalTECH

JUNE 17, 2010

Studio City-based private equity firm Criterion Capital Partners is the buyer of AOL's distressed Bebo social networking site, AOL confirmed today, after widespread reports that AOL would be selling the firm. Criterion Capital Partners is headed by Adam Levin. Tags: bebo merger acquisition social networking.

Capital 159

Capital Studio City Social Network Acquisition 159

socalTECH

DECEMBER 4, 2018

Ridesharing giant Uber is considering a major deal to buy either Santa Monica-based on-demand scooter rental service Bird , or possibly, Bird's key rival, Lime , according to a report. READ MORE>>.

Report 113

Report Santa Monica Demand Capital 113

socalTECH

JANUARY 3, 2012

venture backed companies was down in 2011, according to Dow Jones VentureSource, which said today that it tallied a total of 522 mergers, acquisitions, buyouts, and IPOs during the year. billion, a 14 percent drop in deal activity versus 2010, although it was a 26 percent increase in capital raised compared to last year.

Venture Capital 173

Venture Capital Report Acquisition Pricing 173

socalTECH

MARCH 21, 2016

A new report, issued Monday, says that IPO activity has slowed significantly in Q1, with a 39 percent drop in volume and 70 percent decline in total capital raised versus Q1 of last year. The report, from Ernst & Young, said that companies are likely exploring other options or waiting for confidence to return for their IPOs.

Activity 100

Activity Report Southern California Pricing 100

Xconomy

MAY 8, 2017

Austin —Dell Technologies is publicly unveiling a venture capital investment arm that has been quietly investing in startups since the operation was run by EMC, the data storage giant that Dell agreed to acquire for $67 billion in 2015. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

Venture Capital 77

Venture Capital Capital Technology News 77

socalTECH

MAY 2, 2011

William Quigley , a venture capitalist at Clearstone Venture Partners, is making the argument that venture capital returns are set to return superior returns in the coming years, due to the disinterest of institutional investors. Disclosure: Clearstone is a sponsor of socalTECH). READ MORE>>.

Venture Capital 160

Venture Capital Capital Clearstone Technical Review 160

socalTECH

MARCH 20, 2012

Irvine-based Broadcom is getting set to announced a $200M acquisition of Israeli communications chip developer Broadlight , according to multiple reports this morning. Broadlight is based in Herzliya, Israel, and develops fiber optic communications chips. READ MORE>>.

Report 124

Report Venture Capital Acquisition Capital 124

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. To put that into context; Affirm’s financial report in May projected it would process $8.04 The new valuation represents a 47.3%

Los Angeles 266

Los Angeles Funding CIO Marketing 266

socalTECH

OCTOBER 9, 2012

Mission Viejo-based OptionEase , the developer of software-as-a-service for tracking stock options and equity, as well as valuation and compliance, has been acquired by Solium Capital Financial terms of the buy were not disclosed. Solium Capital is a developer of cloud software for equity administration, financial reporting and compliance.

Tech Coast Angels 140

Tech Coast Angels Capital Miramar Pasadena Angels 140

socalTECH

DECEMBER 16, 2016

Los Angeles-based mobile app developer Flipagram is looking for a buyer, and may have found one, in Chinese news aggreagtor Toutiao , according to a report Thursday. Flipagram is venture backed by Index Ventures, Kleiner Perkins Caufield and Byers, and Sequoia Capital, and raised a bit $70M funding round in 2015.

Flipagram 100

Flipagram Report News Los Angeles 100

socalTECH

AUGUST 27, 2019

Mobile games developer Seriously , which has offices in Los Angeles and links to the local technology ecosystem, has been acquired by social gaming company Playtika , according to reports. Financial details of the acquisition were not announced, however, the deal is rumored to be around $275M. READ MORE>>.

Los Angeles 113

Los Angeles Acquisition Mobile Report 113

socalTECH

JANUARY 28, 2011

Venture capital investor optimism rose slight in Q4, according to a report released this morning from the University of San Francisco.

Report 170

Report Southern California Venture Capital Acquisition 170

socalTECH

OCTOBER 27, 2010

San Diego-based Phenomix , adeveloper of diabetes drugs, has shut down, according to reports. The news of the shutdown was first reported by Xconomy. Tags: phenomix lifescience medical biopharma biopharmaceuticals merger acquisition exit shutdown employment jobs.

Report 124

Report San Diego News Acquisition 124

socalTECH

AUGUST 23, 2011

Los Angeles-based matchmaking site eHarmony is approaching a redemption deadline from its last venture funding round, according to a report today from Reuters. However, it is apparently a rare event in the venture capital business to run into a redemption rights deadline, according to the report. READ MORE>>.

eHarmony 181

eHarmony Report Venture Capital Los Angeles 181

socalTECH

JUNE 30, 2010

Streaming video technology firm Move Networks --which apparently moved to Irvine sometime over the last year from Utah after a management shakeout--is reportedly shutting down, and by some reports is now looking for a buyer. The firm, which was started by Novell founder Drew Major, had been backed by Benchmark Capital, Cisco Corp.,

Sales 140

Sales Networking Steamboat Ventures Report 140

socalTECH

FEBRUARY 5, 2016

A report Friday from Bloomberg says that Los Angeles-based Honest Co. The report says that Honest Co.'s The report is the first that confirms the company's entry into the ranks of technology startup unicorns. is venture backed by Glade Brook Capital Partners LLC, AllianceBernstein L.P. (AB), The Honest Co.

Report 100

Report Research Los Angeles Startup 100

socalTECH

OCTOBER 26, 2016

Venice-based Snapchat is hoping to launch an IPO, which will raise the company an astounding $4 billion in capital--valuing the company at between $25 billion and $35 billion--according to a report on Wednesday from Bloomberg. The report cites "people familiar with the matter" for the information.

Snapchat 100

Snapchat Report Venice Capital 100

socalTECH

FEBRUARY 7, 2012

A new report released today tallies up $7.7 The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. Green Dot's backers included Sequoia Capital, Total Technology Ventures, and the Tech Coast Angels. billion in liquidity was generated in the sector.

Southern California 187

Southern California Cornerstone OnDemand Report Riot Games 187

socalTECH

JUNE 28, 2011

Multiple reports today say that once lofty social networking site MySpace is now being set to be sold by News Corp. Irvine-based Internet advertising network Specific Media and Golden Gate Capital are among the rumored bidders for MySpace. for as little as $20M to $30M. READ MORE>>.

Report 187

Report Social Network News Advertising 187

socalTECH

NOVEMBER 12, 2014

Los Angeles-based FreedomPop is in talks to be acquired by Sprint, according to reports this morning, in a deal which values FreedomPop between $250M to $450M. According to the report--from USA Today--Sprint is considering the acquisition to boost its revenue growth and lower cost of acquisition of customers. READ MORE>>.

Acquisition 138

Acquisition Mobile Report Los Angeles 138

socalTECH

AUGUST 27, 2013

billion in capital to bring its automobiles to market. fisker automotive cleantech auto hybrid bankruptcy merger acquisition' Anaheim-based Fisker Automotive , the highly troubled electric car maker, spent over $1.4 But it appears, the company is possibly being acquired for just $25M , by a group of German investors. READ MORE>>.

Report 164

Report Acquisition Capital Marketing 164

socalTECH

APRIL 29, 2015

Once highflying Santa Monica-based gaming console developer Ouya is on the block, after the company tripped a debt covenant from one of its investors, according to a report. The sale comes due to debt owed to TriplePoint Capital, according to the report. The effort comes despite a funding from Alibaba in January. READ MORE>>.

Report 100

Report Santa Monica Sales Funding 100

socalTECH

SEPTEMBER 11, 2014

Financial terms of the buy were not disclosed, however, reports place the buy at somewhere under $100M. Eucalpytus, which is led by Marten Mickos, was venture backed by Institutional Venture Partners (IVP), Benchmark Capital, BV Capital, and New Enterprise Associates. The company had raised at least $55.5M in funding.

Santa Barbara 178

Santa Barbara Acquisition Software Report 178

Xconomy

OCTOBER 5, 2016

Venture capital activity is gradually easing from last year’s peak, according to a new quarterly report put together by Seattle-based PitchBook and the National Venture Capital Association. It was the fifth straight quarterly decline in the number of companies getting VC funding, according to the report.

Venture Capital 86

Venture Capital Activity Report Funding 86

socalTECH

JULY 23, 2012

But, how are those accelerators doing so far in terms of attracting capital and attention to Southern California startups? socalTECH has analyzed its database of venture capital deals , exits, and other local deal activity, and started to come up with some tracking of the activity due to local accelerators, with some interesting results.

Los Angeles 234

Los Angeles Angel Report Startup 234

socalTECH

AUGUST 21, 2013

Los Angeles-based YouTube network Maker Studios has agreed to buy Blip , according to reports today. Financial details of the acquisition have not been announced. Blip was venture backed by Ambient Sound Investment, Bain Capital, and Lauder Partners. bliptv blip acquisition merger content network youtube studios maker'

News 168

News Acquisition Content Los Angeles 168

socalTECH

MAY 15, 2014

Los Angeles-based online apparel and shoe company JustFab is eyeing a possible IPO, and also is in the midst of raising between $50 to $100M, according to a report. According to the report, from Re/Code, the company has hired Morgan Stanley as an advisor. JustFab is led by Adam Goldenberg, and is a spinout of Intelligent Beauty.

Invest 147

Invest Venture Capital Report Acquisition 147

socalTECH

FEBRUARY 11, 2010

in funding from such firms as Goldman Sachs, Intel Capital, Shelter Capital Partners, Spark Capital, The Tornante Company, and Time Warner. Tags: veoh networks merger acquisition bankruptcy failure. Veoh had raised over $67.5M READ MORE>>.

Veoh 172

Veoh SoCalTech Report San Diego 172

socalTECH

JUNE 19, 2012

Reports this morning say that San Diego-based ServiceNow is planning to start its IPO roadshow this week, as the firm looks to brave a post-Facebook-IPO market. According to reports , the firm expects to price its IPO as late June. The firm is venture backed by JMI Equity and Sequoia Capital. READ MORE>>.

Report 145

Report Southern California San Diego Equity 145

socalTECH

APRIL 9, 2018

Bird--which is backed by Valor Equity Partners, Index Ventures, Craft Ventures, Goldcrest Capital, Tusk Ventures and Upfront Ventures--operates in a very similar space to JUMP Bikes, providing electric scooters for the "last mile" of transportation across a number of cities. Bird just raised a big $100M funding round. READ MORE>>.

Santa Monica 133

Santa Monica Equity Acquisition Report 133