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Transphorm Takes $21.5M In Funding, Enters Into Reverse Merger

socalTECH

in an equity financing, and also entered into a reverse merger with an entity called Peninsula Acquisition Corporation. Transphorm said the funding came from existing investors, including an affiliate of Kohlberg Kravis Roberts & Co. and will continue the historical business of Transphorm. READ MORE>>.

Funding 113
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Clearlake Capital Sells Provation

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Santa Monica-based private equity investor Clearlake Capital says that it has sold one of its portfolio companies, Provation, which provides software to the healthcare industry. Financial details of the sale were not announced. Clearlake said it investedin Provation in March of 2018, after a carve-out acquisition from Wolters Kluwer.

Capital 113
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Seismic Scores $170M, Now Worth $3 Billion

socalTECH

San Diego-based sales and marketing software developer Seismic has raised $170M in a Series G funding round, the company said this morning, and is now valued at $3 billion. Along with the funding, the company said it has acquired Lessonly, a developer of sales training, coaching, and enablement software which is based in Indianapolis.

San Diego 113
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ServiceTitan Acquires Aspire, Raises $200M More

socalTECH

Financial details of the acquisition were not announced. According to ServiceTitan, the acquisition came alongside a new, $200M investment from private equity investor Thoma Bravo. The Series G funding values ServiceTitan at $9.5 The Series G funding values ServiceTitan at $9.5 Aspire Software is based in St.

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TVC Capital Raises $115M Software Fund

socalTECH

San Diego-based TVC Capital , the software-focused, growth equity investment firm founded by Jeb Spencer and Steve Hamerslag has raised a big, $115M software fund, the company said Wednesday. The fund said that TVC Capital III was oversubscribed, and closed in only 90 days. million in revenues. million in revenues. READ MORE>>.

Software 100
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L Squared Sells Portfolio Company, Learners Edge

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Newport Beach-based private equity investor L Squared Capital Partners says it has successfully sold one of its portfolio companies, Learners Edge , to another private equity investor, Quad-C Management. Financial details of the sale were not announced. Learners Edge provides professional education products to teachers.

Company 113
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How TVC Aims At Acquisitions, Not IPOs, with Jeb Spencer

socalTECH

Southern California's technology community--despite all of the recent excitement around Silicon Beach--continues to be underserved in terms of capital, with a lack of venture capital funds (with money), and other private technology investors. Jeb Spencer: We consider ourselves a private equity firm.