Venture Capital is About Human Capital

Both Sides of the Table

Fundamentally venture capital is about human capital. Today I couldn’t be more delighted to tell you about one such individual — Gregg Johnson —  who just left Salesforce.com after 10 years to come and be the CEO of Invoca , a company I proudly backed.

LA's Century Park Capital Acquires IT Services, Software Company

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Los Angeles-based Century Park Capital Partners , a private equity investor focused on family businesses, owner-operated companies and corporate divestitures, said on Monday afternoon that it has completed a majority recapitalization of Florida-based software and IT services company MCCi. Century Park Capital Partners said MCCi has over 1,000 clients. The deal was financed by RGA Private Debt & Equity and Plexus Capital.

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. Those two San Francisco-based operations have been a pipeline for interesting startups that have become March portfolio companies.

Meet the Companies in Backstage Capital’s Detroit Accelerator

Xconomy

Backstage Capital, a Los Angeles-based venture firm seeding early-stage companies led by women, people of color, and members of the LGBTQ community, has announced the details of its Detroit startup accelerator. Earlier this year, Backstage founder Arlan Hamilton announced the firm would host its first accelerators in four cities, including Detroit. The Motor City’s inclusion, unlike the other three cities, was determined by way of a public vote.

Massage-on-demand company, Soothe, raises $31 million

TechCrunch LA

The Series C round from late stage and growth capital investment firm, The Riverside Company , caps a busy first quarter for the massage service. The former CFO of MarketShare, Heyrick has helped the company expand to over 11,000 massage therapists in its network.

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JibJab Acquired By Catapult Capital

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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. Since then, the company transitioned into a business focused on electronic greeting cards.

A Deep Dive into What Has Really Changed in Venture Capital

Both Sides of the Table

I’ve heard a lot of people question whether there is too much money in venture capital chasing too few great deals. “We’re Others believe that new business models are emerging that could replace venture capital all together.

Here’s a rule for companies with outstanding loans

Berkonomics

Here is one that is so important to the continued health of a growing company that it cannot be overstated. Long term debt is taken on for the acquisition of fixed assets such as equipment, cars, facilities and acquisitions of companies or their assets.

7 Tips for Biotech Companies Seeking Capital in a Volatile Market

Xconomy

Last year was a remarkable year for biotech companies going public. Not only did an unusually large number of biotech companies go public, but a significant number of early-stage biotech companies went public at premium valuations relative to their later-clinical stage peers.

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The Honest Company Gets $70M

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Los Angeles-based The Honest Company , the online, family products retailer led by serial entrepreneur Brian Lee, and which was co-founded by Jessica Alba, has raised $70M in a funding round, according to the company Tuesday. The funding brings the company''s total raised to $122M.

Vicente Capital Invests In Wireless Software Company

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Los Angeles-based private equity investor Vicente Capital Partners announced MOnday that it has invested in iBwave Solutions , a Canadian company providing in-building wireless design software. Vicente Capital said that its Growth Equity Fund, jointly with Farol Asset Management, acquired a "significant" equity interest in iBwave, which is based in Montreal, Canada. The company''s software and associated services are used in the in-building wireless network design market.

Vincente Capital Partners Sells Intellectual Technology, Inc.

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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. The company is 25 years old.

The Honest Company Gets $200M Growth Investment

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Los Angeles-based The Honest Company , the online natural baby, personal care, and beauty products provider, said Wednesday that it has raised $200M in a strategic minority investment, which came from private equity investor L Catterton. According to The Honest Company, the new funding will go towards its growth strategy, and will go both towards "innovation initiatives" as well as operational capabilities to boost its supply chain and global reach.

Clearlake Capital's Symplr Buys API Healthcare

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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. According to Clearlake Capital, the buy will help it create a large-scale provider of governance, risk and compliance and human capital management software solutions.

March Capital Backed SpyCloud Adds $21M

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SpyCloud , a startup which develops cybersecurity products used to prevent account takeovers and which is backed by Santa Monica-based March Capital Partners , has raised $21M more in a Series B funding round, the company announced this morning. March Capital Partners co-led the Series A funding round for SpyCloud in 2018. Ted Ross is CEO and co-founder of SpyCloud, which is based in Austin, another market where March Capital Partners is fairly active.

Bad Notes on Venture Capital

Both Sides of the Table

On the phone … Me: So, you raised venture capital? Him: But when I raised my first round we didn’t know how to price the company. Me: There is no rational explanation for valuations of A round companies by ANY objective financial measure. It’s simply what a market is willing to pay based on a future belief that your company will grow and non-linear rates and be worth much more in the future. This week.

NantWorks Invests In Daybreak Game Company

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Los Angeles-based NantWorks , the investment arm of billionaire Dr. Patrick Soon Shiong, said on Thursday afternoon that it has made a strategic investment in San Diego-based multiplayer online games developer Daybreak Game Company. h1z1 everquest videogame online capital venture company game daybreak nantworks

The Honest Company Raises $100M In Series D

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Santa Monica-based The Honest Company , which provides baby care, personal care, home care, and other healthy lifestyle products, said this morning that it has raised $100M in a Series D funding round. The company has now raised around $228M in funding.

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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Will your company’s sale be celebration or silence?

Berkonomics

Then in addition, there are the exits that returned some portion of capital, but nothing more. First, there are at least three types of exits.

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Changes in the Venture Capital Funding Environment

Both Sides of the Table

In other words, it isn’t that VCs suddenly got smart, it’s that the costs of starting a company went down dramatically. There was an explosion in number of startups both because it was cheap and there was tons of available capital. Be thoughtful about from whom you raise capital.

Why Was Winter in Venture Capital Funding so Short?

Both Sides of the Table

It was only a year ago that many in the Venture Capital industry were predicting that “winter was coming” and to be fair the author of this post was chief amongst them. billion in venture capital funds with one A-round fund and one late-stage fund. startup venture-capital

Backstage Capital Launches New Startup Accelerator In LA

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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.

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. As part of the funding, the company said it has just made an investment in Fundera, a New York company which provides a service to help small business owners shop and compare personalized credit recommendations. Core Innovation Capital says it has also invested in a couple of yet-unannounced companies, which are in stealth mode.

The Honest Company Raises Series E Funding

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Los Angeles-based The Honest Company , the natural home products brand, said late Thursday that it has closed on a Series E financing round. The round was led by Fidelity Management & Research Company, along with others. per share, a significant decrease from the company's prior valuation of $45.75. fidelity capital venture ecommerce retail baby products home natural thehonestcompany company honest

Lowercase Capital

Tech.Co

At Lowercase Capital, we invest in startups, acquire later stage companies, and advise businesses and funds of all sizes on strategy and execution.

OpenGate Capital Acquires Sargent and Greenleaf

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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

Mucker Capital closes on $45 million for an early-stage LA-based fund

TechCrunch LA

Santa Monica-based Mucker Capital has raised $45 million for its third fund, Mucker III. In addition, it will invest in seed and pre-seed stage companies through MuckerLab, a new accelerator program. TC Venture Capital business incubators venture capital Startup company Los Angeles

Atar Capital Buys Canadian Technology Distributor Microcel

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Los Angeles-based private equity investor Atar Capital said this morning that it has acquired Canadian technology distributor Microcel. According to the companies, Rick Henry, the founder, President, and CEO of Microcel, will remain a shareholder and continue on in his position. 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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HeyTutor Finds $1M From ScOp Venture Capital

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Los Angeles-based HeyTutor , an online marketplace for finding tutors, has raised $1M in its Series A funding, the company announced on Tuesday, from Santa Barbara-based ScOp Venture Capital, the venture investment firm led by serial entrepreneur and investor Kevin O'Connor. Lucci serves as CEO of the company, and Neman is President. ScOp Venture Capital was previously known as O'Connor Ventures.

Clearlake Capital Backs Diligent

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Santa Monica-based private equity investor Clearlake Capital Group, L.P. According to the companies, Clearlake Capital Group made a strategic minority investment in Diligent, which is owned by another private equity investment firm, Insight Venture Partners. strategic capital venture board cloud software ventures insight equity private diligent clearlakehas made an investment in New York-based Diligent , a developer of enterprise governance management software.

Clearlake Capital Acquires Provation

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Santa Monica-based private equity investor Clearlake Capital Group said this morning that it has acquired Minneapolis, Minnesota-based Provation Medical , a developer of software for the healthcare documentation and coding market. Provation was founded in 1994, and is led by CEO David Del Toro, who continues on at the company and joins Provation's board of directors. documentation healthcare software acquisition merger investor investment equity private capital clearlake provation

Clearlake Capital Rolls Up Three Companies Into Calero Software

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Santa Monica-based private equity investor Clearlake Capital Group has rolled up three companies into a new company called Calero Software , the company announced today. Clearlake Capital said that Calero is made up of the business operations of Veramark Technologies, PINNACLE, and Movero. The new company will focused on communications expense management, managed mobility services, and mobile device management products.

OpenGate Capital Acquires Mersive

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Los Angeles-based private equity investor OpenGate Capital has acquired Denver-based collaboration software developer Mersive , OpenGate said this mroning. OpenGate said the buy is its seventh from its first institutional fund: the company also previously acquired Power Partners, Energi Fenestration Solutions, Bois & Materiaux, Alfatherm, EverZinc and Hufcor. opengate capital mersive merger acquisition collaboration meeting software display monitor

March Capital Leads $13.6M Round In ioTium

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Los Angeles-based venture capital investor March Capital is the lead investor in a Series B funding round for software-defined, converged infrastructure startup ioTium. in a Series B funding, which it says was led by March Capital Partners, and also included Honeywell Ventures, John Chambers' JC2 Ventures and Hanna Ventures plus GE Ventures and Juniper Ventures. March Capital Partners' investment in ioTium was led by Managing Director Sumant Mandal.