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Los Angeles-based BlackLine Systems , the developer of financial close software-as-a-service, has scored an investment from private equity firm SilverLake Sumeru. As part of the investment, SilverLake Sumeru has added Hollie Moore Haynes, John Brennan and Jason Babcoke to BlackLine''s board of directors.
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” Genies last earned a $1 billion valuation from heavy-hitting tech investors including SilverLake and Mary Meeker’s Bond Capital during its most recent raise, a $150 million Series C round announced in April.
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At the same time, it also uses the investment side, which I have lots of experience with, having invested in 24 companies as an angel, and having been on the board of advisors of thirteen. I came back to Los Angeles at the request of Mike Jones and Peter Pham, to help get Science off the ground.
Next week is the Montgomery Summit (www.montgomerysummit.com), one of the longest running technology conferences held in Los Angeles. It's now an internationally recognized showcase for technology here in Los Angeles, and we also get to showcase Southern California companies, as well. The third area, are the private equity players.
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