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.

Google Boosts Two LA Venture Capital Firms

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Google said today that it has backed two, Los Angeles area venture capital firms, as part of a bigger effort to invest in Black-led venture capital firms. According to Google, it has made investments in seven, Black-led venture capital firms, including two Los Angeles venture investors--Collide Capital and Share Ventures. investment equity diversity capital collide share black venture google

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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.

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

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.

Untapped Capital Raises First Fund

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Untapped Capital, a venture capital firm run by Yohei Nakajima and Jessica Jackley, says it has closed its first fund, Fund I. untapped capital venture seed funding fund investmentThe new startup investment firm says it's a pre-seed/seed fund that looks invest in "unexpected founders, found off the beaten path, not well connected to VCs", adding that it is looking specifically at "young, underrepresented, small town, immigrant" founders.

Clearlake Capital-Backed Discovery Education Buys DoodleLearning

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Discovery Education, a developer of educational software and content--which is backed by Santa Monica-based private equity investor Clearlake Capital--has acquired DoodleLearning, a developer of educational software. clearlake capital doodle learning merger acquisition education software discovery discoveryeducation saas stem

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 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

Cadrilla Capital Acquires Agilence

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A new, Santa Barbara-based private equity investment company Cuadrilla Capital says it has acquired a Mt. Abraham was previously at Clearlake Capital and Marlin Equity Partners. agilence cadrilla capital software merger acquisition private equity marlinLaurel Township, New Jersey-based company, Agilence. Financial details of the deal were not announced. Cuadrilla says that the acquisition is its first investment since its launched in April.

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 Eberle Design

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Los Angeles-based private equity investor Vance Street Capital said on Tuesday that it has acquired Eberle Design. safety traffic equity private acquisition merger design eberle capital street vance

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Backstage Capital Axes Employees, Pauses Investments

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Los Angeles-based Backstage Capital has laid off nine employees, and is pausing new investments. backstage capital layoffs ventureThe firm's founder, Arlan Hamilton, announced the layoffs and pause in investments on a podcast on Sunday. The fund had been aimed at funding underrepresented startup founders. Unusually, the venture fund also had been attempting to crowdraise a new fund from general investors.

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.

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

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.

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?

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.,

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

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.

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.

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

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.

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.

6 Ways To Build And Capitalize On Personal Leadership

Startup Professionals Musings

Build positive psychological capital to sustain your business. Without a store of this psychological capital, your performance and leadership will wane, and your satisfaction will dwindle. Now is the time to capitalize on your strengths and maximize your leadership abilities.

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

Supply Change Capital Gets Backing From Bank Of America

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A new, venture capital investment firm focused on early-stage food technology businesses, Supply Change Capital, announced that it has received an equity investment from Bank of America. The new venture capital firm--led by Noramay Cadena and Shayna Harris--said the commitment will go towards its $40M fund goal. Supply Change Capital said its fund is investing in diverse founders across the supply chain in technology, sustainable ingredients, and culture-first brands.

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.

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

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

MaC Venture Capital Raises $203M In Second Fund

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Los Angeles-based MaC Venture Capital, a majority Black-owned venture capital firm, has raised $203M in its second fund, the fund said today. According to MaC Venture Capital, its Fund II nearly doubled its original seed-stage fund, which was worth $110M. MaC Venture Capital was founded by Marlon Nichols; former Washington, D.C. venture capital black minority investment fund seed funding

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.

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].

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

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 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 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.

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.

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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

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.

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.

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.