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GRP Partners Gets Exit At mFoundry

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Los Angeles-based venture capital investor GRP Partners has scored an exit at one of its firms this morning, mobile banking and payment provider mFoundry. Brian McLoughlin of GRP was on mFoundry's board of directors. READ MORE>>.

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textPlus Lands $18M, Buys Jarvus

socalTECH

Prior investors Kleiner Perkins Caufield Byers, Matrix Partners and GRP Partners also participated in the funding. textPlus, which is based in Marina Del Rey, develops a combination of mobile apps and related services which allow users to text each other for free. READ MORE>>.

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Burstly Acquired By Apple

socalTECH

The acquisition is not a surprise to Apple app developers, who have widely adopted the company''s tools. Burstly was venture backed by GRP Partners, Rincon Venture Partners, SoftBank Capital, and Founder Collective, and was led by Evan Rifkin. Financial terms of the buy were not disclosed. READ MORE>>.

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Burstly Buys TestFlight

socalTECH

Los Angeles-based Burstly , the mobile advertising technology firm headed by Evan Rifkin, said today that it has acquired TestFlight , a developer of a real-time dashboard which provides mobile advertising and revenue analytics for iOS apps. Burstly is backed by GRP Partners, Rincon Venture Partners, and SoftBank, and announced a $5.5M

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What You Missed On Your Holiday Vacation, SoCal Technology Edition

socalTECH

In the latest roundup of fundings (big few weeks for San Diego, apparently): PatientSafe Solutions ($20M, San Diego, mobile health). Acquisition of note: Nexsan Acquired For $120M, by Imation. Solarflare ($22M, San Diego, high speed networking). Ignyta ($6M, San Diego, personalized medicine). Did we miss a big story over the holidays?

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Bolstering the Partner Ranks at GRP

Both Sides of the Table

It is with great pleasure that I can finally announce that we have added Greg Bettinelli as a partner at GRP Partners. Greg was the first person to share with me the insights of mobile conversion and why with a simpler product selection and conversion funnel they would get higher conversion on mobile than on the web.

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Meet Launchpad LA’s Graduating Startups

Tech Zulu Event

million led by GRP Partners, with participation from Baroda Ventures, Bertelsmann Digital Media Investments (BDMI), Daher Capital, Double M Capital, Karlin Ventures, Clark Landry, Andy Rankin, and Launchpad LA. Less Neglect helps companies reduce churn, upsell users, and increase customer acquisition rates.