Led by LA-based March Capital, Astound raises $15.5 million for employee help desk automation services

TechCrunch LA

Astound , a company selling automated employee help desk services, has raised a new round of $15.5 million from investors led by the Los Angeles investment firm March Capital Partners.

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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.

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.

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

socalTECH

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.

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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Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

TechCrunch LA

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio, Jam City and giving the company $145 million in new funding to carry that out. Jam City is coming off of a strong year of company growth.

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.

Science Inc. Eyes New Venture Capital Fund

socalTECH

The startup studio--which both incubates its own companies as well as works with startup founders to help accelerate their efforts--has backed such companies as Dollar Shave Club , DogVacay , FameBit , EventUp , August Home , Hello Society , Playhaven , and Superfly Labs. The firm already has an existing venture capital fund which invests in its portfolio companies. science venture capital investment startup incubator accelerator

JibJab Acquired By Catapult Capital

socalTECH

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.

Report: Clearlake Capital Seeks To Sell Perforce

socalTECH

Santa Monica-based private equity investor Clearlake Capital is hoping to sell one of its portfolio companies, Perforce Software , for around $2 billion, according to a report from Bloomberg over the weekend. Perforce has been owned by Clearlake Capital since January of 2018. Clearlake Capital had acquired Perforce from another, private equity investor, Summit Partners, and merged it with another software tools company, Rogue Wave Software, in January of this year.

The Honest Company Gets $70M

socalTECH

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.

Reveal Biosciences Finds Funding From Intel Capital

socalTECH

San Diego-based Reveal Biosciences , a startup applying artificial intelligence (AI) and machine learning to pathology, has received a round of funding from Intel Capital , the corporate venturing arm of microprocessor giant Intel. The details on the funding came as part of an announcement by Intel Capital of its investments in 14 startups, worth a total of $117M.

Vicente Capital Invests In Wireless Software Company

socalTECH

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.

DroneBase raises capital and partners with FLIR Systems to train pilots on thermal imaging tech

TechCrunch LA

Publicly traded sensor technology developer, FLIR Systems , is investing in a strategic round of funding for the outsourced drone imaging company, DroneBase.

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.

33 Tech Startups Make San Diego Venture Group “Cool Companies” List

Xconomy

In the eyes of the San Diego Venture Group, the key element is readiness for venture capital backing. What does it take for a tech startup to be considered “cool?”

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 $200M Growth Investment

socalTECH

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.

MiLA Capital Raises First Venture Fund

socalTECH

MiLA Capital , the venture capital firm that is behind the Make In LA hardware accelerator, says it has raised its first official venture capital fund, officially closing its first fundraise. The fund--led by Carmen Palafox, Noramay Cadena, and Shaun Arora--says it has so far made investments into 16 companies since 2015. Source of the funding for the new venture capital fund was not announced. mila capital venture investment investor hardware accelerator

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.

March Capital Leads $15.5M Round In AI Startup

socalTECH

Los Angeles-based March Capital is the lead investor in an artificial intelligence startup, which is aiming at improving employee service, as it further continues its theme of investing in big data, artificial intelligence, and machine learning startups in the enterprise. march capital partners venture astound investment machine learning artificial intelligence data

Vincente Capital Partners Sells Intellectual Technology, Inc.

socalTECH

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 Raises $100M In Series D

socalTECH

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

socalTECH

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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Core Innovation Capital Plans $100M, Third Fund For Fintech Investments

socalTECH

Los Angeles-based fintech venture capital investor Core Innovation Capital is out looking for new investors in its third fund, with a target of $100M, according to regulatory filing by the firm on Friday. The fund--managed by Arjan Schutte and Kathleen Utecht--invests in financial technology companies, and counts such portfolio companise as Fair , Honest Dollar (acquired), CoverHound , Mirador (acquired), Nerdwallet , Ripple , Tio (acquired), and many others.

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NantWorks Invests In Daybreak Game Company

socalTECH

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

Entertainment Partners Acquired By TPG Capital

socalTECH

Burbank-based Entertainment Partners , a provider of workforce management and automated production software and services for the entertainment industry, has been acquired by private equity investor TPG Capital. According to Entertainment Partners, the company will continue to be led by its existing management team, led by President and CEO Mark Goldstein. entertainment partners capital tpgcapital workforce management automation software merger acquisition hollywood content

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.

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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Clearlake Capital's Symplr Buys API Healthcare

socalTECH

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.

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

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

socalTECH

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

socalTECH

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.