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Classy Acquires Events Platform Fondi

socalTECH

San Diego-based nonprofit software developer Classy announced on Tuesday that it is acquiring event platform Fondi, the developer of a virtual and hybrid event platform. Financial details of the acquisition were not announced. Classy said it will relaunch Fondi as Classy Live for nonprofits. Fondi was previously owned by Lennd.

Platform 113
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OpenGate Capital's Kongsberg Precision Cutting Systems Makes Acquisition

socalTECH

Financial terms of the acquisition were not announced. OpenGate Capital said the acquisition is the seventh add-on investment it has made for its platform companies in its Fund II portfolio. MultiCam is a manufacturer and distributor of Computer Numerical Code (CNC) cutting machines.

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Signal Sciences Acquisition By Fastly, Worth $775M, Completes

socalTECH

The acquisition of Venice, California-based Signal Sciences --worth $775M--by Fastly , has officially completed, Fastly said on Thursday. According to Fastly, is will combine its edge cloud platform and existing security offerings with Signal Sciences' web application and API security solutions. READ MORE>>.

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

TechCrunch LA

Another travel startup that found itself scrambling to pivot as the COVID-19 pandemic took off is now announcing a huge round of funding after finding its feet and proving that it can grow, even under adverse circumstances. “Customers are starting to meet the demand from an experience perspective in rental homes,” he said.

Platform 139
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VideoAmp Pulls In $70M Funding Round

socalTECH

Santa Monica-based advertising startup VideoAmp said on Wednesday that it has raised a big $70M funding round, led by the Raine Group, and also included Ankona Capital, Mediaocean, and RTL Group. The company, which develops cross-platform advertising, said it will use the funding to build out its team, as well as for acquisition.

Funding 113
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Do VC Platforms Make Sense?

Both Sides of the Table

In the VC insider baseball world a discussion has gone on about “VC platforms” over the past 5 or so years. While firms define platforms differently, let’s just say they are the services that a VC offers outside of investment capital and partner time on boards or providing intros.

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Bitvore Brings Latest Funding Round To $14.2M

socalTECH

Irvine-based Bitvore , the big data, artificial intelligence, and data analytics startup, has upped its latest funding round to $14.2M, as part of what appears to be an ongoing $17.75M funding effort. The company's CEO, Jeff Drake, was a founder at Access360 (acquired by IBM), and also served at IBM, Akana, and ServiceMesh.