Clearlake Capital Buys Operations Management Software Developer

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Santa Monica-based private equity investor Clearlake Capital has acquired a Cary, North Carolina-based developer of operations management software, Dude Solutions. According to Clearlake Capital, it acquired Dude Solutions from its prior, private equity investor, Warburg Pincus. According to Clearlake Capital, Dude Solutions has over 12,000 clients, in the education, government, healthcare and manufacturing verticals.

Thin Line Capital Backs Solar Technology Developer

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Pasadena-based venture capital investment firm Thin Line Capital , a new venture capital firm led by venture veteran Aaron Fyke, has made its first investment, in a developer of solar technology. According to Thin Line Capital, it has made an ivnestment in Sistine Solar , which is developing technology which allows solar panels to blend in visually with roofs--using a special thin film coated with "ultra-durable" graphics and patterns.

March Capital Backs Video Game Developer nWay

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Los Angeles-based venture capital investor March Capital Partners is one of the lead investors in a round for mobile video game developer nWay , which announced a $11M funding on Wednesday. According to nWay, the funding, which was facilitated by Lionsgate, was led by both March Capital Partners and Ridge Ventures, and also included Baseline Ventures (Steve Anderson), TransLink Capital (Jay Eum) and WI Harper Group (Jeffrey Chu).

March Capital Backs Gaming SDK Developer Genvid In $2.5M Funding

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Los Angeles-based venture investor March Capital Partners is the lead investor in a new funding round for gaming software development kit (SDK) developer Genvid , according to Genvid. in new funding led by March Capital Partners, and also including OCA Ventures. Genvid develops an SDK which allows game developers and publishers to connect their games to interactive video streaming services, including YouTube and Amazon Web Services.

Report: Clearlake Capital Seeks To Sell Perforce

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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. Perforce is a developer of source control software, which is used by software engineering teams to manage software source code and software releases.

Southern California needs to find its hub for it to develop its own tech ecosystem

TechCrunch LA

The Alliance estimates that Southern California’s tech community could be one-third the size of Silicon Valley’s by supporting or further developing the six pillars it already has for innovation to occur.

Moonshots Capital Leads Investment In Complai, Developer Of Shep

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Los Angeles- and Austin-based Moonshots Capital , the new venture investment fund founded by Kelly Perdew and Craig Cummings, is on an investment roll, and has made another investment from its fund. As part of the funding, Craig Cummings, co-founder and General Partners of Moonshots Capital, has joined Complai's board. Moonshots Capital has been on a roll, having just announced the lead on two other companies earlier this month.

March Capital Backs Video Game Developer Wavedash Games

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Los Angeles-based venture investor March Capital Partners is the lead investor in video game developer Wavedash Games , which announced a $6M Series A funding round on Tuesday morning. The funding round also included Lowercase Capital, Advancit Capital, CourtsideVC, Machine Shop Ventures, Luma Labs, and Cherrytree VC. According to Wavedash, the new funding will go to grow its team and complete the development of its game, Platform Fighter.

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

TechCrunch LA

It also follows a new agreement with Disney to develop mobile games based on intellectual property coming from all corners of the mouse house — a sweet cache of intellectual property ranging from Pixar, to Marvel, to traditional Disney characters.

Erasca Raises $64M For Oncology Drug Development Using AI

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San Diego-based Erasca , a company which is using artificial intelligence to drive the discovery and development of new oncology drugs to help cure cancer, has raised $64M in a Series A funding, the company said this morning. The funding--which included both its Series A and an extension--came from ARCH Venture Partners, Andreessen Horowitz, Reneo Capital, and other private investors. erasca oncology drug development biotech lifescience venture capital artificial intelligence

Tao Venture Capital Boosts 3D Ram Semiconductor Developer

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La Jolla-based Tao Venture Capital Partners , the investment firm led by venture veteran Tom Clancy, has put its dollars into a maker of 3D random access memory (RAM). According to Crossbar , it raised $25M in a Series C funding, adding new investors Tao Venture Capital Partners, SAIF Partners, Korea Investment Partners, and CBC-Capital. epvc enterprise clancy capital venture semiconductor chip technology crossbar

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.

Virtium Sold to Court Square Capital Partners

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Rancho Santa Margarita-based Virtium , a developer of ruggedized, industrial, embedded solid state drives and memory, has been sold to private equity investor Court Square Capital Partners , by its existing private equity owner, L Square Capital Partners.

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.

Qpex Biopharma Finds $33M For Antibiotics Development

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According to Qpex, the funding was led by New Enterprise Associates, and also included Adams Street Partners, LYZZ Capital, Hatteras Venture Partners and Stanford University Draper Fund. The company also said it has an agreement with the Biomedical Advanced Research and Development Authority (BARDA), worth up to a total award of $132M. Qpex says it is developing new antibiotics to combat the threat of global antimicrobial resistance.

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.

How to Develop Your Fund Raising Strategy

Both Sides of the Table

There is all sorts of advice on the Internet about how to raise capital. I’ve raised money as a “hot company” and I’ve raised capital when no one would return my phone calls. So they develop short-hand ways to qualify things better. Raising money is hard.

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. symplr clearlake capital private equity merger acquisition saas software healthcare compliance risk veritas apihealthcare

Metawave Opens New Development Center In Carlsbad

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Metawave , a developer of wireless technology specifically aimed at self-driving vehicles, fixed wireless, and 5G networks, announced on Wednesday that it is opening up a brand new, advanced development center in Carlsbad. Metawave said it is hiring engineers and product development experts at the new office, saying it hopes to attract experts in the wireless sensing and communication industries looking for a "Silicon Valley" experience without having to move to the Bay Area.

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.

Clearlake Capital Backs Diligent

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Santa Monica-based private equity investor Clearlake Capital Group, L.P. has made an investment in New York-based Diligent , a developer of enterprise governance management software. 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 clearlake

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

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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. Core Innovation's latest investments include banking API developer SynapseFi , a funding for cryptocurrency software developer Decent, and an investment in micro-savings startup Blast.

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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. documentation healthcare software acquisition merger investor investment equity private capital clearlake provation

Startup CTO or Developer

SoCal CTO

What worries me a bit is how often I read that startups should hire a developer / hands-on lead developer. But often the result of a Founder hiring a developer or lead developer or even a VP engineering is a gap created between the founders and the developers.

CTO 259

Core Innovation Capital Backs SynapseFi

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Los Angeles-based fintech investor Core Innovation Capital is one of the lead investors in SynapseFi , a developer of APIs and other tools for connecting into banking services. SynapseFi said it raised a $17M Series A--which actually closed at the end of last year--which was led by Trinity Ventures and Core Innovation Capital, along with others. software capital venture financial fintech innovation core synpasefi

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. Mersive develops software used for collaboration and meetings, based on both laptops and mobile devices as well as immersive in-room displays. opengate capital mersive merger acquisition collaboration meeting software display monitor

William Morris Invests in Mobile Development Firm

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The firm as backed a mobile application development company, Chaotic Moon Studios , as part of a strategic partnership. Chaotic Moon Studios is based in Austin, TExas, and provides mobile development services to companies such as Fox, Pizza Hut, General Mills, Microsoft, Dell, CBS, and Disney.

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.

March Capital Leads $15.5M Round In AI Startup

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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

Virtual Reality Developer Survios Raises $50 Million

L.A. Business Journal

Virtual reality video game producer Survios announced on Tuesday that it has raised $50 million in capital over two rounds this year from Metro-Goldwyn-Mayer, Lux Capital, and other investors

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. BLUE Software is a developer of label and artwork management software, and is based in Chicago. Esko is owned by Danaher, and develops software and hardware for package design. diversis capital blue merger acquisition esko private equity

Clearlake Capital's Perforce Buys Perfecto Mobile

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One of the portfolio companies of Santa Monica-based private equity investor Clearlake Capital Group , Minneapolis-based Perforce Software , has acquired cloud testing software developer Perfecto Mobile. Perfecto is a developer of cloud-based, automated mobile and web application test software. clearlake capital perforce perfecto mobile merger acquisition cloud application test testing software

Accruent Acquired By Genstar Capital

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Accruent , the developer of real estate, facilities, and asset management software which was founded by Mark Friendman, has been acquired by private equity investor Genstar Capital. Accruent was venture backed by Constellation Ventures, FirstMark Capital, GGV Capital, Innocal, Marcus & Millichap, Peninsula Equity Partners, Red Rock Ventures, Sierra Ventures, and Stanford University. accruent genstar capital merger acquisition private equity software developer

Echo Gets $7.5M For Microscope Development

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San Diego-based Echo , a startup which is developing a new "hybrid" microscope aimed at replacing both upright and inverted microscopes, has raised $7.5M According to the company, the new funding will go towards manufacturing, sales, and developing future technologies. angels coast tech capital venture instrument scientific microscope echo

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. Backstage Capital says it received over 1000 applications for the 25 spots at its accelerator. backstage capital startup accelerator angeles minorit