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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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.

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

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.

VC firms of Kevin Durant and Snoop Dogg back Dutchie, a new cannabis delivery service

TechCrunch LA

The company signed on 50 dispensaries in Oregon to help prove out the product and just raised $3 million in a seed round from Casa Verde Capital, The Durant Company, Sinai Ventures and other angel investors.

Pasadena Angels Portfolio Company Wasatch Microfluidics Completes Capital Raise

Ask the Angels

Wasatch’s product package, which groups early stage antibodies, is already being sold to major pharmaceutical companies. Josh Eckman, the company’s CEO stated, “We are excited to move into this growth phase “ Terry Kay, Chairman of the Pasadena Angels, commented, “We are delighted with the rapid progress Wasatch has made and at the industry attention they have garnered. $2 Million Round Will Power Continued Growth.

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.

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.

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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Diversis Capital Sells Portfolio Firm

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Los Angeles-based private equity investor Diversis Capital said this morning that it has sold one of its portfolio companies, BLUE Software , to software company Esko. Diversis says its focus is on companies in the lower and middle markets. diversis capital blue merger acquisition esko private equity

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

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.

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

Shamrock Capital Backs Pixellot In $30M Funding

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Los Angeles-based private equity investor Shamrock Capital reports this morning that it has led a $30M investment in Pixellot , an Israeli firm developing automatic, artificial intelligence-driven software for producing streaming sports video. The company says its AI can automatically highlight things like baskets and goals, zoom in on the action and plays, and much more. shamrock capital pixellot venture artificial intelligence sports video editing automated

Shamrock Capital Sells RBmedia To KKR

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Los Angeles-based private equity investor Shamrock Capital announced on Friday that it has sold one of its portfolio companies, RBmedia , to another private equity company, KKR. shamrock capital rbmedia merger acquisition streaming audio books audiobooks content private equityFinancial details of the deal were not announced. RBmedia is a publisher of audiobooks, and is based in Landover, Maryland.

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.

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

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

Toba Capital Leads Investment In Skupos

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Toba Capital , the investment firm founded by former Quest Software founder Vinny Smith, is the lead investor in a $6.4M, Series A funding for San Francisco-based Skupos. Skupos said its Series A was led by Toba Capital, and also included Dynamo Fund, Loup Ventures, and other existing investors. The company says it has now raised $11M in funding. Toba Capital's investment in Skupos was led by Patrick Mathieson. Toba Capital is based in Newport Beach.

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.

PA Portfolio Company ShipHawk Scores $5M For Shipping Marketplace

Ask the Angels

Socaltech reports that Santa Barbara-based ShipHawk , the online developer of technology for helping connect users with shipping companies, has raised $5M in a funding round, the company said this morning. The startup, led by Jeremy Bodenhamer, said the funding came from DN Capital, and also included Karlin Ventures, Rothenberg Ventures, and Wavemaker Partners (formerly Siemer Ventures). DN Capital’s Steve Schlenker also joins the company’s board.

MTech Capital Raises $75M Insurance Technology Fund

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Los Angeles- and London-based MTech Capital , a brand new venture capital fund focused on the insurance technology, or "InsureTech" market, says it has raised a new, $75M venture capital fund. According to MTech Capital, the new fund has three anchor investors, including CNA Financial Corporation, NN Group, and a top-3 global insurance company. mtech capital insurance technology insuretech investment fintech venture fund finance

Mucker Capital

Tech.Co

Mucker Capital invests in seed and “pre-seed” stage companies building defensible and scalable businesses in Internet software, services and media

Bonfire Ventures closes $60 million to invest in SoCal B2B startups

TechCrunch LA

Los Angeles is becoming one of the more interesting destinations for startups and the investors that provide money for venture capital firms to place bets on young companies are increasingly starting to take notice.

SoCal 282

Clearlake Capital Acquires NetDocuments

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Santa Monica-based private equity investor Clearlake Capital Group announced this morning that it has acquired NetDocuments , a provider of cloud-based document management, email management, and collaboration software for law firms and corporate legal and compliance customers. Clearlake Capital said the company will continue to be led by Matt Duncan, CEO, and Alvin Tedjamulia, CTO. clearlake capital netdocuments merger acquisition document cloud management legal

Clearlake Capital Sells Pomeroy To Getronics

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Santa Monica-based private equity investor Clearlake Capital said this morning that it has sold one of its portfolio companies, Pomeroy Group Holdings , to an affiliate of Getronics Group. The company was advised by William Blair & Company, LLC and Raymond James & Associates, Inc. clearlake capital pomeroy getronics merger acquisition private equity investment

Versant Ventures, MPM Capital Launch Gene Therapy Startup, CODA Biotherapeutics

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San Diego-based biotech investor Versant Ventures , along with MPM Capital , said today that they have launched a new startup, CODA Biotherapeutics. The companies said they invested $19M in the Series A funding for CODA Biotherapeutics, along with Astellas Venture Management and Novartis. lifescience biotech ventures versant capital venture biotherapeutics coda

Clearlake Capital Acquires LANDESK

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Santa Monica-based private equity investor Clearlake Capital Group L.P. As part of the acquisition, LANDESK said it will merge its existing portfolio company, HEAT Software, with LANDESK. The newly combined company will be led by current LANDESK CEO Steve Daly, and be based in Salt Lake City; HEAT CEO and Clearlake Operating Advisor John Ferron becomes Executive Chairman of the new company.

TVC Capital Backs BitTitan

SoCal Tech Calendar

San Diego-based growth and private equity investor TVC Capital is the lead backer of cloud services company BitTitan , which announced a $15M, Series A financing this morning. According to BitTitan, the funding was led by TVC Capital, and also included Tao Capital Partners, and was the company's first funding since it was foundedi n 2007. Steve Hamerslag of TVC Capital will join BitTitan's board as part of the funding.

The Virtual Reality Company Finds $23M

SoCal Tech Calendar

Los Angeles-based The Virtual Reality Company , the startup which is developing a virtual reality version of The Martian , has raised $23M in a funding round, according to the company. According to The Virtual Reality Company, the new funding will go towards developing more, original virtual reality content. stromberg robert primus movie hollywood content capital venture martian company reality virtual

Amplify Adds Two New Companies To Portfolio

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Venice, California-based Amplify LA , the startup investor which got its start as one of LA's first startup accelerators, said this week that it has added two new companies-- Kulagy and Tapcart --as part of its portfolio of companies. Amplify--which now focuses on pre-seed investments, generally as the first check into a company--has quietly become one of the more active investors in making investments in very early local startups.

Clearlake Capital Buys Perforce Software

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Santa Monica-based private equity investor Clearlake Capital said this morning that it has acquired Perforce Software , a developer of version control software. Perforce was based in Minneapolis, MN, and had previously been owned by another private equity company, Summit Partners. clearlake capital perforce merger acquisition private equity software summit source

Clearlake Capital Sells Calero Software

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Santa Monica-based private equity investor Clearlake Capital announced today that it has sold off one of its portfolio firms, Calero Software , to private equity investor Riverside Partners. Clearlake created Calero in 2013, when it rolled up three companies--Veramark Technologies, PINNACLE, and Movero--into a single entity. clearlake capital calero software merger acquisition private equity