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Parchment Acquired By Brentwood Associates

socalTECH

Parchment , a company which provided records management, transcripts, grades, and other information for the K-12 and other markets--and which has its roots in the LA area--has been acquired by Brentwood Associates. Financial terms of the acquisition were not announced. READ MORE>>.

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Brentwood Associates Invests in Credentials Solutions

L.A. Business Journal

Middle-market private equity firm Brentwood Associates in Sawtelle announced on Feb. 6 an investment in Credentials Solutions, a technology company that provides business services to the higher education sector. The amount invested was not disclosed.

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Elon Musk's Boring Company Abandons Plans for West LA Tunnel

socalTECH

Hawthorne-based Boring Company , the company created by Elon Musk to create a network of underground tunnels to bypass traffic in Los Angeles, has abandoned plans to dig a tunnel on LA's Westwide. The company had hoped to build a tunnel below the 405 freeway and Sepulveda Boulevard.

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Welcome Technologies Secures $8 Million

L.A. Business Journal

Welcome Technologies, a Brentwood-based software technology company, raised an additional $8 million in institutional funding.

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Vetted Finds $3.47M For In-Home, On-Demand Pet Care In LA

socalTECH

Venice, California-based Vetted , a new startup offering up on-demand, veterinary services at your home, has raised $3.47M in seed funding, the company disclosed this week. The company--which is currently headquartered at Amplify LA--currently only offers up its services in Los Angeles. READ MORE>>.

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Naki Laundry Expands Into San Jose, Eyes San Francisco

socalTECH

Naki Laundry , the smartphone driven startup which has been offering up pickup, cleaning, and delivery of laundry, has expanded into San Jose, and is looking to expand to San Francisco next month, according to the company.

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Wheels, Started By Founders of Wag, Comes To LA

socalTECH

Wheels , a new startup from the co-founders of Wag , announced this morning that the company has started offering up access to its electric powered, two wheel bicycles in Los Angeles, as it expands from its base in San Diego. So far, the company has raised $37M in total funding. READ MORE>>.

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