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.

Demand 230

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.

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.

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.

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

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.

OpenGate Capital Acquires Mersive

socalTECH

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

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.

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

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.

Arrowroot Capital Invests $38M In ClickFox

socalTECH

Santa Monica-based private equity investor Arrowroot Capital has invested $38M in big data and analytics software developer ClickFox , according to a regulatory filing from ClickFox this week. Arrowroot Capital is led by Founder and Managing Partner Matthew Safaii; Arrowroot says it invests in business-to-business software companies. clickfox venture capital data analytics software bigdata arrowroot private equity

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.

Amplify Adds Two New Companies To Portfolio

socalTECH

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 Acquires NetDocuments

socalTECH

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

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

Clearlake Capital Buys Perforce Software

socalTECH

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

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 246

Clearlake Capital Acquires LANDESK

socalTECH

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.

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.

Clearlake Capital Sells Calero Software

socalTECH

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

Aviron Capital Acquires Stake In Kino Industries

socalTECH

Beverly Hills-based Aviron Capital , a consortium of financiers with primary backing from by private equity investor BlackRock, said this morning that it has acquired a "substantial equity stake" in Kino Industries , the developer of an interactive movie technology called CtrlMovie. Aviron Capital said that Kino Industries' CtrlMovie allows users to influence the storyline of a movie by using their cell phones to vote on what characters should do at key points in a movie's narrative.

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

Palisades Venture Capital Mystery Solved

socalTECH

The true origins of funding in two, Los Angeles area companies in late June, Gamemine , and BlockFraud , has been solved by Dan Primack of Axios. A number of Los Angeles area insiders were attempting to figure out what the mysterious "Palisades Venture Capital Group" was from. There is an existing, unrelated Palisades Venture Capital, which now goes by Palisades Growth Capital. palisades venture capital blockfraud gamemine block fraud daniel starr

Bonfire Ventures Launches $60M Venture Capital Fund

socalTECH

Collectively, the two have previously invested in such companies as The Trade Desk, Edgecast, Burstly, Messagelabs, Datapop, GradientX, Orbitera, Divshot, Bitium, and Lettuce, all of which saw successful exits, along with may others. With the new fund, Bonfire Ventures said it has already invested in a total of nine companies, including Shippabo, Branch, Trinity Mobile Networks, Saferide Health, Postie, Fuel50 and Tray.

March Capital Backs SpyCloud In $5M Funding

socalTECH

Santa Monica-based venture investor March Capital Partners has led additional funding in SpyCloud , a company developing software to prevent account takeovers by cybercriminals, has raised $5M in a Series A funding round. SpyCloud announced this morning that it raised the new funding from Silverton Partners and March Capital Partners, both existing investors in the startup. The company makes its products available to enterprises.

Miva Gets Growth Capital Injection

socalTECH

San Diego-based Miva , the developer of e-commerce shopping cart software, has received a growth capital funding from private equity investor Bison Capital Partners, the companies said this week. Miva said that the investment is the first time in its history that it has accepted growth capital funding. Carroll remains on the company's board and will also advise Wilson. capital venture equity private bison cart shopping ecommerce miva

March Capital Backs Mandal's The Fabric

socalTECH

Los Angeles-based March Capital Partners has joined Verizon Ventures in backing a new, early stage investment accelerator--called The Fabric --whose co-founders include Sumant Mandal, a Managing Partner at March Capital Partners, and former Managing Partner at Clearstone Ventures. The company says it is still raising money in that funding round, hoping to bring its new funding to a total of $20M.

Illumina Ventures Raises $230M Venture Capital Fund

socalTECH

Illumina Ventures , the early-stage venture capital investor which was founded by San Diego-based life sciences equipment maker Illumina , says it has raised $230M for its first fund. The venture capital investment fund said it is focused on genomics, and will invest in companies in the areas of life science research, clinical diagnostics, novel therapeutic platforms, and other technologies impacting human health.

Interview with Kelly Perdew, Moonshots Capital

socalTECH

Our interview this morning is with Kelly Perdew of Moonshots Capital , a Los Angeles based investment firm that makes seed stage investments in early stage companies�and in particular, for this Veterans Day, in companies founded by military veterans. Kelly is a longtime angel investor in such companies as Scopely, Bitium, UStream, Thrively,� and many others. I think I have personally written close to 80 checks in 52 companies, or something very close to those numbers.

Wpromote Gets Investment From Shamrock Capital

socalTECH

Los Angeles-based digital marketing agency Wpromote has received a private equity investment from Shamrock Capital , the two announced today--the first ever outside investment received by Wpromote, ever. The companies did not say how large of a stake Shamrock Capital has taken in Wpromote. marketing agency digital private acquisition merger investment venture capital shamrock wpromote

Invest 100

Clearlake Capital Rolls Up Three Companies Into Calero Software

socalTECH

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.