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LegalZoom Sells $500M Secondary Stake To Private Equity Investors

socalTECH

Glendale-based LegalZoom , which provides legal services and documents for the small business and family market, announced on Tuesday that it has sold a $500M secondary stake in the company to a set of private equity investors. The secondary stock sale reportedly values LegalZoom at more than $2 billion. READ MORE>>.

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LegalZoom Finds Funding From TCV, Adds New Board Member

socalTECH

Glendale-based LegalZoom , the online legal filing site which focuses on small businesses and families, has named David Yuan, a General Partner at Technology Crossover Ventures (TCV) to its board of directors. According to LegalZoom, the addition comes as part of an investment by TCV in LegalZoom. READ MORE>>.

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NZXT Gets $100M For Gaming PCs

socalTECH

The funding came from private equity investor Franciso Partners. City of Industry-based NZXT, a maker of custom, gaming PCs, has raised $100M in a strategic investment, the company said this week. NZXT's custom gaming PCs start at $799, but can be customized and can cost more than $3800.

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LA tech industry mourns Kobe Bryant

TechCrunch LA

“Kobe was loved in Los Angeles,” wrote Mark Suster , managing partner of the Los Angeles-based venture capital firm Upfront Ventures , in a private message to TechCrunch. billion investment vehicle that was launched in partnership with the private equity fund, Permira, according to a report in USA Today.

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Interview with Shaan Sethi, Jaanuu

socalTECH

I moved down here to work as a large, $10 billion private equity fund with Ron Burkle, at Yucaipa Companies. It's quite unusual to see an apparel company with venture funding, how did that happen? It was a deliberate approach, in all honestly, about raising and using capital. I was in the consumer, retail space.

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