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.

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.

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.

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.

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

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 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

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

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.

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

Aristea Therapeutics Raises $15M to Develop Anti-Inflammatory Drugs

Xconomy

The company also plans to develop drugs to tackle serious inflammatory diseases, although it hasn’t identified which it is aiming to treat.

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

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

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

Reflections on 2018: Marc Averitt, Okapi Venture Capital

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Here's Marc Averitt of Okapi Venture Capital (www.okapivc.com). The biggest news this year for Okapi, Southern Californias original seed stage venture capital fund, is that we ramped up the deployment of our 3rd fund and saw its portfolio grow by another 10 companies! Marc Averitt co-founded Okapi Venture Capital in 2005 and is a Managing Director of all three of Okapis funds and responsible for their technology investments.

Startup Developing Opioid Alternative Takes Top ‘Quick Pitch’ Honors

Xconomy

Watson Quick Pitch Competition to further the development of its nerve pain management device. The winner of the largest-ever startup pitch contest in San Diego is aiming to solve a problem that is weighing heavily on the national consciousness.

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.

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

Macquarie Capital Provides $100M In Debt For Battery Storage Projects

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Macquarie Capital , the investing arm of Macquarie Group, says it has provided $100M in a debt financing, to back development of a new battery-based energy storage project in Southern California. According to Macquarie Capital, the debt funding is part of a 52.5 One of those battery storage systems was installed by the Irvine Ranch Water District and Macquarie Capital in June, featuring batteries from Tesla Motors and now powering the District's water recycling plant.

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

Clearlake Capital Acquires LANDESK

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Santa Monica-based private equity investor Clearlake Capital Group L.P. announced this morning that it has agreed to acquire LANDESK , a developer of IT management software, from private equity investor Thoma Bravo. management software heat bravo thoma equity private acquisition merger landesk capital clearlakeFinancial details of the deal were not announced. As part of the acquisition, LANDESK said it will merge its existing portfolio company, HEAT Software, with LANDESK.

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

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. Skupos is developing analytics software for the convenience store industry. Toba Capital's investment in Skupos was led by Patrick Mathieson.

Clearlake Capital's NetDocuments Acquires ThreadKM

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Santa Monica-based private equity investor Clearlake Capital and portfolio firm NetDocuments said today they have acquired ThreadKM , a developer of project management and collaboration software. Clearlake Capital acquired NetDocuments in March. netdocuments threadkm clearlake capital private equity

Clearlake Capital Buys Syncsort

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Santa Monica-based private equity investor Clearlake Capital Group announced htis morning that it is buying Syncsort , a new Jersey-based developer of big data, data migration, and other tools. Behdad Eghbali, Prashant Mehrotra, and Paul Huber, all of Clearlake Capital, join Synsort's board of directors in the deal. clearlake capital merger acquisition syncsort data hadoop

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's software is used by software development teams to store and track their source code. clearlake capital perforce merger acquisition private equity software summit source

Clearlake Capital Buys Syncsort

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Santa Monica-based private equity investor Clearlake Capital Group, L.P. said this morning that it has acquired Syncsort Incorporated , a developer of enterprise software based in New Jersey. Syncsort develops Hadoop and other big data integration software for the mainframe market. clearlake capital syncsort merger acquisition enterprise mainframe hadoop bigdata private equity analytics

The Revolution in Inflammation Drug Development

Xconomy

Chronic autoimmune and inflammatory diseases are painful and often lifelong conditions. I know this both as a scientist and a father, as my son, Jeremy, was diagnosed 12 years ago with Crohn’s disease, one type of inflammatory bowel disease (IBD).

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. shamrock capital pixellot venture artificial intelligence sports video editing automated

TVC Capital Backs Celigo

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San Diego-based software growth equity investor TVC Capital has backed Celigo , a developer of software to integrate cloud-based applications. Celigo said this morning that it has raised $8M in an expansion capital round, its first institutional funding since it was founded in 2006. A part of the funding, TVC Capital's Steven J. Celigo said the funding will go to expand sales, marketing, and product development. celigo capital venture software growth equity

Vinny Smith's Toba Capital Backs WSO2

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Irvine-based Toba Capital , the venture investment firm founded by Quest Software founder Vinny Smith, has made an investment in open source application development software developer WSO2. WSO2, which is based in Palo Alto, said it raised $20M from Pacific Controls and Toba Capital this morning. Toba Capital has investment in such companies as Sauce Labs, Alteryx, TeamSnap, and others.

OnShift Gets Investment From Santa Monica's Clearlake Capital

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Santa Monica-based private equity investor Clearlake Capital is the lead investor in a strategic funding round this week for Cleveland, Ohio-based OnShift , a developer of human capital management software for the long-term, post-acute care market. According to OnShift, the funding also included Ziegler Link-Age Fund II, a private equity investor focused on the post-actue and aging marketplace, plus an existin investor, Health Velocity Capital.