Going long on LA, India, AI and tech infrastructure March Capital raises $300 million

TechCrunch LA

March Capital Partners , the Los Angeles-based venture capital firm, has raised $300 million for its latest fund.

Led by LA-based March Capital, Astound raises $15.5 million for employee help desk automation services

TechCrunch LA

million from investors led by the Los Angeles investment firm March Capital Partners. Previous investors Vertex Ventures, Pelion Venture Partners, Moment Ventures and the Slack Fund also participated in the funding, which brings Astound’s total capital raised to $27 million.

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Meet Lumi, the Los Angeles startup that just raised $9 million for a packaging business

TechCrunch LA

Fundings & Exits Logistics Startups TC lumi Spark Capital Los Angeles packaging eCommerce online retail online shopping e-commerce forerunner ventures

Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

TechCrunch LA

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio, Jam City and giving the company $145 million in new funding to carry that out.

Los Angeles investors and entrepreneurs launch PledgeLA, a diversity and inclusion program

TechCrunch LA

Over the past five years, Los Angeles has emerged as one of the top five destinations in the U.S. The local non-profit was instrumental in setting up the PledgeLA initiative, which grew out of discussions that the institute fostered among the Los Angeles venture community.

DroneBase raises capital and partners with FLIR Systems to train pilots on thermal imaging tech

TechCrunch LA

” Los Angeles-based DroneBase has contracted pilots to complete over 100,000 commercial missions in over 70 countries for residential and commercial real estate, insurance, telecommunications, construction and media companies, according to a statement.

Elementary Robotics raises cash to expand in Los Angeles’ growing robotics hub

TechCrunch LA

million in seed funding to begin building a manufacturing facility and expand its presence in Los Angeles as the city continues to grow as a hub for robotics and automation. . ” Recent Funding Robotics Startups TC Elementary Robotics Los AngelesElementary Robotics has raised $3.6

Verizon names Los Angeles as the second of four cities to receive 5G rollout before 2019

TechCrunch LA

My boss’ boss’ boss was on CNBC this morning touting Verizon ‘s new 5G services and naming Los Angeles as the second city in America to be treated to a commercial rollout of the new networking technology. TC 5g Los Angeles Verizon

Los Angeles is using ride-hailing startup Via to shuttle people to public transit

TechCrunch LA

Los Angeles is partnering with on-demand shuttle-based service Via as part of a pilot program that will give people rides to three busy public transit stations. For instance, Austin’s Capital Metropolitan Transportation Authority uses the Via platform to power the city’s Pickup service.

Tech Coast Angels-San Diego Sees Big Growth In Angels

socalTECH

The Tech Coast Angels San Diego (TCA-SD) angel investment network, the San Diego arm of the Tech Coast Angels, has seen a big growth in the number of angel investors who are members of the group this year, the group said this week. tech coast angels diego angel investment venture capital sandiego

Venture Capital Investment in Los Angeles Drops

L.A. Business Journal

The flow of venture capital dollars invested into Los Angeles-area companies fell 16.3 percent from a high of $4.17 billion in 2015 to $3.49 billion last year, according to a report by Dow Jones Venture Source

Growth Capital Conference

SoCal Tech Calendar

Thursday, January 31, 2019 -- Growth Capital Conference. Pitch to and Network with Investors: Angels,VCs, High Net Worths, Strategic Partners and 100 entrepreneurs seeking capital and counsel. DEAL DISPLAYtm showcases growing firms needing capital. View products, videos, online demos. See [link].

JibJab Acquired By Catapult Capital

socalTECH

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. As part of the deal, Catapult Capital said that JibJab COO Paul Hanges has been promoted to CEO, and will lead the company under its new ownership. The companies said that financing for the deal was provided by Los Angeles-based St.

Report: Backstage Capital Shifting To Accelerator Model After Fundraising Issues

socalTECH

West Hollywood-based venture investment firm Backstage Capital is shifting entirely to an accelerator model, according to reports today, after failing to raise a new, $36M venture capital fund. Backstage Capital focuses on focuses on minorities, including women, People of Color, and LGBT founders. Backstage Capital is led by Arlan Hamilton. backstage capital startup accelerator angeles minority venture investment diversity

Assembled Capital: FinTech [ LOS ANGELES ]

Tech.Co

Join Crowdfunder and General Assembly for a night of panels and networking where we’ll discuss emerging trends in the fintech industry, which is now a $4.7 Trillion market. We’ve assembled a panel of industry experts who will discuss the fintech industry in depth covering verticals such as crowdfunding, digital currency, mobile payments and security. They will also dive into the implications for both the entrepreneur and investor as the industry continues to grow at an exponential rate

Backstage Capital Launches New Startup Accelerator In LA

socalTECH

West Hollywood-based Backstage Capital , a venture capital investor which focuses on minorities--including women, People of Color, and LGBT founders, said recently that it has launched the Backstage Accelerator , a three month, startup accelerator which will provide in-person resources and support to its portfolio of companies. According to the investment firm, its accelerator--which will run in Los Angeles, Detroit, London, and Philadelphia--initially includes 25 companies.

Tech Coast Angels Hails Exit At CaseStack

socalTECH

The Tech Coast Angels said this morning that its members said a 16x return from their investment in CaseStack , the logistics and supply chain company led by Dan Sanker, after its acquisition last year for $255M. According to the Tech Coast Angels, this is the company's sixth highest ever. The Tech Coast Angels were investors in CaseStackf or nearly 15 years. The Tech Coast Angels' Bill Collins was co-deal lead on the investment, along with the late Bill Hahn.

Growth Capital Conference

SoCal Tech Calendar

Thursday, October 25, 2018 -- Growth Capital Conference. Network with Investors: Angels, VCs, High Net Worths, Strategic Partners and 100 entrepreneurs seeking capital and counsel. DEAL DISPLAYtm showcases growing firms needing capital. View products, videos, online demos. Hot Networking Breakfast at 7:00am sharp! See p://www.GCC2000.org.

MiLA Capital Raises First Venture Fund

socalTECH

MiLA Capital , the venture capital firm that is behind the Make In LA hardware accelerator, says it has raised its first official venture capital fund, officially closing its first fundraise. Source of the funding for the new venture capital fund was not announced. The investment fund is making investments globally, not just in Los Angeles. mila capital venture investment investor hardware accelerator

March Capital Leads $15.5M Round In AI Startup

socalTECH

Los Angeles-based March Capital is the lead investor in an artificial intelligence startup, which is aiming at improving employee service, as it further continues its theme of investing in big data, artificial intelligence, and machine learning startups in the enterprise. march capital partners venture astound investment machine learning artificial intelligence data

Bad Notes on Venture Capital

Both Sides of the Table

On the phone … Me: So, you raised venture capital? ’ But do you want to start a relationship with your most important supplier – that of capital to fuel your business – by avoiding talking about his or her expectations in terms of rights or privileges? How about you close your first capital (say $500,000) and put in the docs that you have up to [90] days to raise an additional $1 million at the same price at your discretion. This week.

Vincente Capital Partners Sells Intellectual Technology, Inc.

socalTECH

Los Angeles-based private equity investor Vincente Capital Partners announced on Tuesday that it has sold Carlsbad-based Intellectual Technology, Inc. , a developer of software for motor vehicle agencies (DMVs), to Arlington Capital Partners. Vincente Capital acquired ITI in November of 2012. According to Vincente Capital, it has retained a minority interest in Intellectual Technology.

What Los Angeles Is Missing

TechCrunch LA

tech has clearly hit its growth inflection point, but the City of Angels has yet to get its startup wings. Column Startups TC Venture Capital Los Angeles entrepreneurs

Tech Coast Angels, Pasadena Angels Among Top Angel Groups In New Report

socalTECH

A new report, released by the Angel Resource Institute in the last week, has spotlighted the Tech Coast Angels and the Pasadena Angels as among the top four angel groups in California, and the Tech Coast Angeles as number two in the nation in terms of the number of deals in 2016. The rankings were released in the Angel Resource Insitute's 2016 ARI HALO Report. The ARI did not release individual deal counts for the various angel groups.

Core Innovation Capital Plans $100M, Third Fund For Fintech Investments

socalTECH

Los Angeles-based fintech venture capital investor Core Innovation Capital is out looking for new investors in its third fund, with a target of $100M, according to regulatory filing by the firm on Friday. The company raised a similar fund , Core Innovation Capital II, LP, back in January of 2017. core innovation capital venture investment fintech finance arjan schutte kathleen utecht

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Changes in the Venture Capital Funding Environment

Both Sides of the Table

Rise of Angels. The second major trend was the rise of the angel that was a function of the boom in Silicon Valley wealth (Google, Facebook, Zynga, Twitter, Salesforce.com, etc) plus the rise of crowd-funding platforms (AngelList) plus the rise of Y Combinator / 500Startups / TechStars.

Clearlake Capital's Symplr Buys API Healthcare

socalTECH

Symplr , a healthcare risk and governance software developer which is owned by Los Angeles-based private equity investor Clearlake Capital , has acquired API Healthcare , a provider of healthcare human capital management software. API Healthcare was owned by another private equity investor, Veritas Capital. symplr clearlake capital private equity merger acquisition saas software healthcare compliance risk veritas apihealthcare

Core Innovation Capital Announces $100M In Second Venture Capital Fund

socalTECH

Los Angeles-based fintech investor Core Innovation Capital announced this morning that it has closed its second fund, which is at $100M so far. Core Innovation Capital says it has also invested in a couple of yet-unannounced companies, which are in stealth mode. The venture capital investor says it currently is hiring a full time intern for the Summer, to work at the company either in San Francisco or Los Angeles.

Growth Capital Conference

SoCal Tech Calendar

Thursday, April 26, 2018 -- Network with capital sources: Angels,VCs,High Net Worths,advisors and 100 entrepreneurs seeking capital and counsel. See [link] (more

Raising Angel Capital

SoCal Tech Calendar

Wednesday, March 2, 2011 -- Raising Angel Capital. In the current economic and venture capital climate, angel investment is one of the most critical sources of start-up capital. Angel networks are the source of the majority of this funding. Along with capital, angel networks bring additional added value. CONNECT.

Interview with Kelly Perdew, Moonshots Capital

socalTECH

Our interview this morning is with Kelly Perdew of Moonshots Capital , a Los Angeles based investment firm that makes seed stage investments in early stage companies�and in particular, for this Veterans Day, in companies founded by military veterans. Kelly is a longtime angel investor in such companies as Scopely, Bitium, UStream, Thrively,� and many others. Kelly Perdew: I've been an active angel investor in Los Angeles for a long time.

Atar Capital Buys Canadian Technology Distributor Microcel

socalTECH

Los Angeles-based private equity investor Atar Capital said this morning that it has acquired Canadian technology distributor Microcel. Atar Capital is led by founder and Managing Partner Cyrus Nikou. atar capital microcel merger acquisition technology distributor electronics canada international

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OpenGate Capital Acquires Sargent and Greenleaf

socalTECH

Los Angeles-based private equity investor OpenGate Capital has acquired Sargent and Greenleaf , a maker of a wide range of both electric and traditional mechanical locks, from Stanley Black & Decker. According to OpenGate Capital, it expects the acquisition to be complete in Q1 of 2019. decker black stanley capital opengate equity private acquisitino merger bluetooth lock greenleaf sargent

Core Innovation Capital Backs SynapseFi

socalTECH

Los Angeles-based fintech investor Core Innovation Capital is one of the lead investors in SynapseFi , a developer of APIs and other tools for connecting into banking services. SynapseFi said it raised a $17M Series A--which actually closed at the end of last year--which was led by Trinity Ventures and Core Innovation Capital, along with others. software capital venture financial fintech innovation core synpasefi

Tech Coast Angels Number Two In Angel Investments Report

socalTECH

The Tech Coast Angels , Southern California''s largest angel investment group, is ranked number two in the nation this year in terms of the number of deals the group did, according to the latest 2012 Halo Report.