Playing the Long Game in Venture Capital

Both Sides of the Table

The abundance of late-stage capital is good for us all. It’s amazing to me that a company that just a little over 5 years ago was struggling to attract capital at much more than $100 million valuation can now ACQUIRE companies for this amount.

March Capital Backs Gr4vy

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Santa Monica-based March Capital is the lead investor in San Mateo-based Gr4vy, a developer of cloud-based payments orchestration software. According to Gr4y, it raised $15M in a Series A funding, which was led by March Capital, and also included Nyca Partners, Activant Capital and Plug and Play Ventures. March Capital's investment was led by Solomon Hailu. march capital gr4vy venture funding cloud saas payment fintech

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Ankona Capital Raises $66M For New Venture Capital Fund

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Newport Beach-based Ankona Capital, a new, venture capital company founded by Josh Harmsen, Brian Mesic, Newth Morris, and Jared Smith, has raised $66M in its first, venture capital fund. ankona capital venture investment fund financial startup harmsen mesicThe company says it invests between $5M to $10M in early, growth-stage B2B software companies which are already generating $5M to $15M in recurring revenues.

Venture Capital is About Human Capital

Both Sides of the Table

Fundamentally venture capital is about human capital. In the end I know the only true differentiator in venture capital is the company you keep. Venture Capital is a people business. Venture Capital is About Human Capital was originally published in Both Sides of the Table on Medium, where people are continuing the conversation by highlighting and responding to this story.

Clearlake Capital Buys Discovery Education

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Santa Monica-based private equity investor Clearlake Capital announced this morning that it is acquiring Discovery Education, a developer of educational software, from another private equity investor, Francisco Partners. According to Clearlake Capital, it will become majority shareholder in Discovery Education, with Francisco Partners retaining a minority equity stake. discovery education clearlake capital private equity merger acquisition software curriculum

Clearlake Capital Backs RSA

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Santa Monica-based private equity investor Clearlke Capital Group says it has made a strategic, equity investment in RSA Security, which develops encryption, cybersecurity, risk and compliance, and other related software. According to Clearlake Capital, the investment makes it an equal partner with prior investor Symphony Technology Group. clearlake capital risk encryption compliance software merger acquisition private equity

Clearlake Capital Sells Provation

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Santa Monica-based private equity investor Clearlake Capital says that it has sold one of its portfolio companies, Provation, which provides software to the healthcare industry. Financial details of the sale were not announced. Clearlake said it investedin Provation in March of 2018, after a carve-out acquisition from Wolters Kluwer. The company also funded the acquisition of four companies for Provation, including MD-Reports, ePreop, iProcedures and endoPRO.

Vance Street Capital Acquires Carmanah Technologies

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Los Angeles-based private equity investor Vance Street Capital said today that it has acquired Carmanah Technologies Corp, a developer of solar LED pedestrian and traffic safety products. Financial details of the acquisition were not announced. According to Vance Street, it will combine Carmanah along with Polara Enterprises, a company it acquired in December of 2021, to form a new traffic and pedestrian safety business. Carmanah is based in Victoria, BC.

Inspire Energy Capital Acquired By Shell

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Santa Monica-based Inspire Energy Capital, a provider of renewable energy to the residential market, has been acquired by oil and gas giant Shell, the companies said Tuesday afternoon. According to the companies, Shell New Energies US LLC (Shell), a subsidiary of Royal Dutch Shell plc, has signed an agreement to buy 100% of the equity interests of Inspire Energy Capital LLC, which is jointly headquartered in Santa Monica and Philadelphia.

Lead Edge Capital Raises $150M Fund

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Santa Barbara- and New York-based Lead Edge Capital, a private equity investor which focuses on growth stage investments in technology companies, said on Wednesday that it has raised $150M in a new fund. Lead Edge Capital said the new fund brings the company's total capital under management to over $3 billion. Lead Edge Capital said the new fund came from both new and existing limited partners. lead edge capital venture private equity funding

Human Capital: Moving away from ‘master/slave’ terminology

TechCrunch LA

Welcome back to Human Capital, where we explore some of the latest news in labor, diversity and inclusion in tech. Human Capital will soon be available as a weekly newsletter. TGIF, am I right?

OpenGate Capital Buys Aurotech

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Los Angeles-based private equity investor OpenGate Capital announced this morning that it has acquired Aurotech , a provider of digital services and business solutions for US federal healthcare and adjacent civilian agencies. OpenGate Capital said that Aurotech's founder, Mr. Hetal Patel, will continue to lead Aurotech as President and CEO. Aurotech was advised by G Squared Capital Partners in the deal.

OpenGate Capital Invests In Annex Cloud

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Los Angeles-based private equity investor OpenGate Capital said on Tuesday that it is making a strategic investment in Annex Cloud, a developer of software-as-a-service used for customer retention and loyalty management. OpenGate Capital said that the founder of CEO of Annex Cloud, Mr. Al Lalani, will continue to lead the company. opengate capital private equity strategic annex cloud saas customer retention loyalty

Austin Capital Aims At Fintech Companies

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Irvine-based Austin Capital--not to be confused with venerable Texas-based Austin Ventures--said today that it is making fintech investments from a $125M fund, venture studio, and "digital alternative investment platform". austin capital venture venturesThe company's founder is David J. The new fund specifically says it is looking at fintech automation companies.

Clearlake Capital to Buy Cornerstone OnDemand for $5.2 Billion

L.A. Business Journal

a human resources management software company, has entered into an agreement to be acquired by Clearlake Capital Group in a transaction worth $5.2 Santa Monica-based Cornerstone OnDemand Inc.,

Diversis Capital Raises $675M Fund

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Los Angeles-based private equity investor Diversis Capital Management said this morning that it has raised a new, $675M fund. The company said its new fund, Diversis Capital Partners II, exceeded its target of $500M. diversis capital venture partners private equity software technology fund financialThe company said it reached the $675M in commitments just three months after its formal launch.

Clearlake Capital Buys Zywave

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Santa Monica-based private equity investor Clearlake Capital announced this morning that it has entered into a deal to acquire Zywave , a developer of software-as-a-service for the insurance industry, from another private equity investor, Aurora Capital Partners. zywave clearlake capital merger acquisition insurance cloud saas private equity

Quest Software Now Owned By Clearlake Capital

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Aliso Viejo-based cybersecurity and IT operations management developer Quest Software is now owned by Santa Monica-based private equity investor Clearlake Capital, Clearlake Capital said today. Clearlake Capital acquired Quest Software from another, private equity investor, Francisco Partners. quest software clearlake capital private equity merger acquisition

Dexcom Launches Venture Capital Fund

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San Diego-based Dexcom, which develops equipment for continuous glucose monitoring for people with diabetes, has launched its own venture capital fund, Dexcom Ventures. The company said its venture capital arm will be led by Steve Pacelli. Dexcom did not say how much funding it has committed to Dexcom Ventures, if it has a fixed fund or if it will be funding investments as needed, which is sometimes common with corporate venture capital funds.

Moonshots Capital Backs Able In Seed Funding

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Los Angeles-based venture investor Moonshots Capital is one of the investors in a $3.29M seed funding round for Able, a developer of financial management tools for independent workers and freelancers. According to Moonshots Capital, the funding came out of its Fund II. able moonshots capital venture fintech financial

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.

Moonshots Capital Raises $36M In Second Fund

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Los Angeles-based venture capital investor Moonshots Capital announced on Tuesday morning that it has raised $36M in its second fund, Moonshots Fund II. Moonshots Capital says that so far in Fund II, it has made investments in ID.me Photo: Kelly Perdew and Craig Cummings, General Partners of Moonshots Capital). financial finance socal military investment capital venture moonshots

Diversis Capital Backs SalesRabbit, Eyes Acquisitions

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Los Angeles-based private equity investor Diversis Capital Management said this week that it has backed field sales software developer SalesRabbit. salesrabbit diversis capital field sales merger acquisition ventureFinancial details of the investment were not announced, however, Diversis said it provided a "significant growth investment" to SalesRabbit. SalesRabbit offers up both native mobile and web-based software aimed at field sales organizations. The company is based in Utah.

Wilshire Lane Capital Finds $40M For First Fund

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Los Angeles-based property tech investor Wilshire Lane Capital has raised $40M in a first fund, the company said on Tuesday. Morgan Asset Management, Nile Capital Group, Schusterman Family Investments, TRB Advisors, First Close Partners, Asland Capital Partners, Bullock Capital and Efrem Kamen, founder of Pura Vida Investments, as well as anchor investor Morgan Properties, the largest private multifamily owner in the United States.

Closing on $103M, MaC VC is changing the face of venture capital

TechCrunch LA

The partners at MaC Venture Capital , the Los Angeles-based investment firm that has just closed on $103 million for its inaugural fund, have spent the bulk of their careers breaking barriers. MaC Venture Capital co-founders Marlon Nichols, Michael Palank, Charles King, and Adrian Fenty.

Clearlake Capital Buys Confluence Technologies

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Santa Monica-based private equity investor Clearlake Capital said this morning that it is acquiring Confluence Technologies, a developer of software which is used by the investment industry to automate business processes at asset managers and service providers.

Good Growth Capital Expands Venture Capital Efforts To SoCal

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Good Growth Capital , a venture capital investment firm focused on complex science and technology start-ups, says it has set up shop in Southern California, and hired a new, West Coast Venture Partner in Los Angeles. Good Growth Capital says it has appointed Krisztina "Z" Holly --well known in the LA startup community--as West Coast Venture partner, as part of its efforts to expand its team. good growth goodgrowth capital venture investment krisztina holly

Alliance For SoCal Innovation Aims To Connect Startups, Venture Capital

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The Alliance said the program came about, because SoCal founders continue to struggle to raise growth capital despite "a wealth of talent and potential". alliance socal innovation startups venture capital nonprofit matchmaking matchingThe Alliance for Southern California Innovation said on Thursday that it is launching a new program, the SoCal Venture Pipeline.

SoCal 161

Growth Capital Conference

SoCal Tech Calendar

Thursday, January 30, 2020 -- 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. Hot Networking Breakfast at 7:00am sharp! See [link].

Interview with Richard Wolpert, Acrew Capital

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We spoke to him about his move to Acrew Capital (wwww.acrewcapital.com), and got some of his thoughts on how best to get a funding deal done. acrew capital venture investment richard wolpert partner accelOur interview this morning is with Richard Wolpert, a longtime Los Angeles venture and angel investor. Wolpert has been at Accel Partners as a Venture Partner, in addition to being involved with such efforts as Amplify LA, his own startup, HelloTech, and hundreds of angel deals.

Clearlake Capital Buys symplr

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Santa Monica-based private equity investor Clearlake Capital Group has acquired Houston, Texas-based symplr , a provider of healthcare governance, risk, and compliance software. Clearlake acquired symplr from its existing set of private equity investors, Pamlico Capital and The CapStreet Group. SkyKnight Capital co-invested in the transaction with Clearlake, which financed the deal via Antares Capital, Bain Capital Credit and Golub Capital.

Diversis Capital Partners Invests In Adlib

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Los Angeles-based private equity investor Diversis Capital Partners has made a "significant" growth investment in Toronto-based Adlib, a developer of software used for structuring data. adlib diversis capital partners ventureSize of that investment was not announced. According to Adlib, the funding will go to accelerate its planned growth initiatives. Adlib's software is used to automate the discovery, classification, extraction, and structure of data from unstructured documents.

Growth Capital Conference

SoCal Tech Calendar

Thursday, October 24, 2019 -- Growth Capital Conference. Pitch to and Network with invvestors: Angels, VCs High Net Worths,Strategic Partners and 100 entrepreneurs needing capital. DEAL DISPLAYtm showcases growing firms needing capital and counsel.View products, videos, online demos.Hot Networking Breakfast at 7:00 AM sharp! See [link].

Century Park Capital Recaps Accelapha

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Los Angeles-based private equity investor Century Park Capital Partners said this week that it has completed a majority recapitalization of business and IT consulting services company Accelalpha. According to Century Park Capital Partners, the combined company will continue to be led by Accelalpha founder and CEO, Nat Ganesh. accelalpha century park capital private equity merger acquisitino recapitalization recap prolog partners

MaC Venture Capital Launches $103M Seed Fund

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Los Angeles- and Palo Alto-based MaC Venture Capital has launched a new, $103M seed stage investment fund today, saying it plans to invest in technology startups across the fintech, e-commerce and marketplaces, interactive media, connectivity, enterprise SaaS, space and aerospace, logistics, and other sectors. Nichols previously founded venture capital firm Cross Culture Ventures; Fenty, Palank, and King co-foudned venture firm M Ventures.

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

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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.

ecoATM Gazelle Gets $75M In Growth Capital

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equity private kiosk advisors sustainable cowen growth capital venture gazelle ecoatmSan Diego-based ecoATM said on Monday that it has raised $75M in a growth equity round. The funding came from existing investor Cowen Sustainable Advisors. According to the company, the funding will go to accelerate the company's global expansion and support product extensions.

OpenGate Capital Buys CoreMedia AG

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Los Angeles-based private equity investor OpenGate Capital announced very late Monday evening that it has acquired the majority interest in CoreMedia AG , a developer of content management software. According to OpenGate Capital, it acquired CoreMedia AG from Deutsche Telekom Capital Partners and a consortium of private investors. OpenGate Capital said the acquisition was out of its second, institutional fund, which is worth approximately $585M.

OpenGate Capital Sells Power Partners

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Los Angeles-based private equity investor OpenGate Capital said this morning that it has sold one of its portfolio companies, Power Partners , to another private equity-backed company, Pioneer Transformers. Pioneer Transformers is backed by private equity investor Mill Point Capital. According to OpenGate Capital, it acquired Power Partners in January of 2016, via its first, institutional fund.

Atar Capital Buys Keypoint Intelligence

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Los Angeles-based private equity investor Atar Capital has acquired New Jersey-based Keypoint Intelligence , Atar Capital said on Thursday. Atar Capital said that Keypoint Intelligence is based in Fairfield, NJ, and also has offices in the United Kingdom, Hong Kong and Japan. Atar Capital says it makes investments in both performing and underperforming lower middle market businesses.

Growth Capital Conference

SoCal Tech Calendar

Thursday, July 25, 2019 -- 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 and counsel. View products, videos, online demos. Hot Networking Breakfast at 7:00am sharp! See [link] (more

March Capital Raises $450M In New Fund

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Santa Monica-based March Capital (formerly March Capital Partners) announced on Thursday that it has raised its third fund, March Capital Fund III, which it closed at $450M in commitments. March Capital said the new fund--much like its prior funds--will focus on enterprise AI, industrial technology, cybersecurity, financial technology and next generation cloud infrastructure. investor investment financial fund capital venture partners march

Casa Verde Capital Raises $45M Investment Fund

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West Hollywood-based Casa Verde Capital said this week that it has raised $45M in its debut, investment fund, which will specifically invest in the "ancillary cannabis" industry. The venture capital firm--whose founders include Calvin Broadus (aka Snoop Dogg)--said it will specifically invest in agtech, health & wellness, financial services, technology, media, compliance and laboratory technology related to the legal cannabis industry.

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