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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. The company said it reached the $675M in commitments just three months after its formal launch.

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OpenGate Capital Buys CoreMedia AG

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Los Angeles-based private equity investor OpenGate Capital announced very late Monday evening that it has acquired the majority interest in CoreMedia AG , a developer of content management software. OpenGate Capital said the acquisition was out of its second, institutional fund, which is worth approximately $585M.

Capital 113
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Manalto Gets $1M For Social Media Content Management

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Santa Monica-based Manalto has raised $1M in a seed funding round, for the company''s social media content management software. According to Manalto, the funding came from Europlay Capital Adivsors, Raven Capital, as well as high net worth individuals from Australia. The company is led by Anthony Owen. READ MORE>>.

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DGene Snags $20M For Film Restoration Software

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DGene, a content creation company which has a team in Los Angeles, but is based in San Jose, says it has raised $20M in a Series A funding. The company said it is building software "to expand creativity and redefine virtual production and immersive entertainment". The funding was led by Alibaba Group.

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Cornerstone OnDemand Launches New Subscription Content Offering

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Santa Monica-based cloud-based learning and human capital management software developer Cornerstone OnDemand said today that it has launched a new, subscription content offering, which it calls Cornerstone Content Anytime. Pricing on the new offering was not announced. READ MORE>>.

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Enterprise Software Is Back: SoCal Sees Surge In Software Deals

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Think Southern California''s tech industry is all about fashion, Hollywood, and content? If you look at the last few weeks of deals here, you might be surprised: it''s almost been entirely enterprise software. for its cloud-based medical offices software. for its cloud-based medical offices software. READ MORE>>.

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Moonshots Capital Announced First Seed Stage Fund

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Los Angeles-based Moonshots Capital , the venture capital investment firm led by Kelly Perdew and Craig Cummings, has raised its first official fund, a $19M seed stage venture fund. Moonshots said the new fund will focus on seed stage deals, holding reserve capital for follow-on pro rata.