San Diego's Seismic Snags $100M, Joins Unicorns

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San Diego-based Seismic , a developer of sales and marketing software, has raised $100M more in a funding round, which values the company at $1 billion, the company said on Tuesday. Rowe Price, plus General Atlantic, JMI Equity, and Jackson Square Ventures. cloud saas software marketing sales unicorn capital venture seismic

$100M Round Turns San Diego’s Seismic into Region’s Newest Unicorn

Xconomy

The venture investment, which the San Diego startup announced Tuesday, is one of only a few so-called mega-rounds—$100 million or more—recorded this year in the region. (In Rowe Price Tech Uber unicorn VC Venture Capital Virtual InstrumentsSeismic, an enterprise software company with ambitious growth plans, has raised $100 million in a Series E financing and added Microsoft chairman John W. Thompson to its board of directors.

San Diego's TriTech Rolled Up Into Superion By Vista Equity, Bain Capital

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San Diego-based software developer TriTech , a developer of public safety software for 911 dispatching, crime mapping, emergency medical services, and other related areas, has been rolled into single company with another two companies, Superion and Aptean. The big rollup is being funded by private equity companies Vista Equity Partners and Bain Capital. tritech merger acquisition superion public safety software private equity vista bain

Anzu Partners, With Offices In San Diego, Raises $128.4M Venture Fund

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Anzu Partners , a venture capital and private equity investors focused on industrial technology with offices in the San Diego area, has quietly raised $128.4M in its first venture capital fund. Among Anzu's Venture Partners is Carl Eibl, former Managing Partner at Enterprise Partners in San Diego, and Vice Chairman of CONNECT; Eibl is based in San Diego.

Swarm Aims To Rejuvenate San Diego's Software Industry

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It hasn''t been a great few months for San Diego''s software and technology industry, as the city has seen three, big software companies move their operations, and thousands of jobs, to Texas. However, in a bid to rejuvenate and re-energize the industry, a new effort-- Swarm --has just launched to bring together local software entrepreneurs, venture capital, and angel investors, in an attempt to bring new life to the region. growth investment industry software diego swarm

Under New Ownership, San Diego’s Ad-Juster Names Dennis Clerke CEO

Xconomy

Ad-Juster, a San Diego adtech startup acquired earlier this year by the investment arm of China’s Innotech International Group, Wednesday named local software entrepreneur Dennis Clerke as CEO. Clerke (a San Diego Xconomist) was previously the CEO of Sunnyvale, CA-based NetSeer, an adtech acquired in February by Inuvo (NYSE: INUV , an advertising technology and digital publishing company based in Little Rock, AR.

JMI Equity Backs Jvion's Healthcare AI Software

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San Diego- and Baltimore-based private equity investor JMI Equity is the lead backer of a developer of artificial intelligence software for the healthcare industry this morning. Jvion , a developer of clinical decision support software, said on Thursday that it received a "significant" growth equity investment for the startup, to expand its healthcare AI and prescriptive analytics platform.

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San Diego Colo Provider Acquired By Private Equity Firm

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San Diego-based American Internet Services, a Internet data center co-location provider, said Tuesday that the firm has been acquired by an investor group lead by private equity firm Seaport Capital. The company did not disclose terms of the acquisition, but said that other investors in the acquiring group were Viridian Investment Partners and DuPont Capital Management.

Sumero Leads $45M Growth Equity Round in Treasury Fintech Kyriba

Xconomy

The venture rounds are over for Kyriba, a cloud-based provider of corporate treasury and financial management software that is based in New York and San Diego. After raising $23 million in a Series D funding round last September , Kyriba says today it has raised $45 million in a growth equity round led by Sumeru Equity Partners, a tech-focused private equity firm that specializes in mid-market deals.

Sumeru Leads $45M Growth Equity Round in Treasury Fintech Kyriba

Xconomy

The venture rounds are over for Kyriba, a cloud-based provider of corporate treasury and financial management software that is based in New York and San Diego. Previous investors Bpifrance, Iris Capital, Daher Capital (all growth equity funds) joined the deal, along with HSBC.

Cybersecurity Firm Proficio Raises $12M in Private Equity Round

Xconomy

Proficio, a Carlsbad, CA-based startup providing cybersecurity protection services for middle market companies, has raised $12 million in an investment round led by Kayne Anderson Capital Advisors. The Los Angeles-based private equity firm provided funding from its Kayne Partners Fund Group, which invests in high-growth technology businesses.

ViaCyte Raises $80M to Prep for the Clinic Now, Perhaps an IPO Later

Xconomy

CEO Paul Laikind told Xconomy that these investments set up his San Diego company to consider going public in the future. ViaCyte is recruiting patients for clinical trials testing its experimental stem cell-based diabetes treatment.

ChiroTouch Gets Private Equity Investment

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San Diego-based ChiroTouch , a developer of electronic health records and practice management software for the chiropractic market, has raised a round of private equity funding. The funding came from Waud Capital Partners. According to the companies, George Ahn, Operating Executive at Waud Capital, has become ChiroTouch's new CEO, and has also joined the company's board as Vice Chairman.

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The Minority Venture Capital Opportunity

Xconomy

This year marks the 30th Anniversary of the historic billion-dollar leveraged buyout of Beatrice Foods, put together by African-American business pioneer Reginald Lewis.

JMI Equity Invests In Arena Solutions

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San Diego-based private equity investor JMI Equity has made an investment in Foster City, California-based Arena Solutions , the two said this morning. Arena said the strategic growth equity investment will further its growth. arena solutions equity private venture capital strategicSize of thee investment was not announced.

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JMI Equity Backs AtTask

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San Diego-based private equity investor JMI Equity is the lead in a $38M funding for project management software developer AtTask. According to AtTask, it raised $38M in the Series D growth funding for its project management software, and will add JMI Equity''s Peter Arrowsmith to its board. The company''s other backers are GreenSpring Associates, Escalate Capital and University Venture Fund, who also participated in the funding.

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JMI Equity Backs UK's Avecto

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San Diego-based private equity investor JMI Equity has backed Avecto , a developer of endpoint security software, based in the UK, to the tune of $49M. Avecto said that Jit Sinha and Suken Vakil, both of JMI Equity, will join the company's board. international cybersecurity software security capital venture equity private avecto

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Kopari Beauty Gets Private Equity Investment

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San Diego-based e-commerce beauty brand Kopari Beauty said this week that it has received a private equity investment from LCatterton, along with celebrities Karlie Kloss, Shay Mitchell, Hilary Duff, Mila Kunis, and Ashton Kutcher. Kopari said the growth capital will go towards expansion of its brand, which is centered around the use of coconut oil.

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Miva Gets Growth Capital Injection

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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. capital venture equity private bison cart shopping ecommerce miva

Mitchell International Gets Private Equity Funding

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San Diego-based Mitchell International , a provider of technology and information products for the property and casualty and collision repair industries, has scored a private equity funding from Stone Point Capital. According to the companies, Stone Point Capital is acquiring the equity position in Mitchell currently held by KKR> and Elliott Management. mitchell international merger acquisition venture capital stone point auto automotive repair software

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With New Cash, Sensemetrics Aims to Take Industrial IoT Tech Global

Xconomy

San Diego startup Sensemetrics is applying that technology to the industrial Internet-of-things sector (IIoT), selling access to its cloud platform to the world’s largest mining companies and government agencies monitoring major infrastructure, such as dams. National blog main San Diego San Diego blog main San Diego top stories Cisco Systems deals funding MaintenanceNet Matt Meehan Mooring Ventures SanDiegoVC Sensemetrics Shayne Skaff startups Three Curve Capital VC X2 Equity

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 capital venture software growth equity

JMI Equity Backs WhiteHat Security

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San Diego-based private equity investor JMI Equity has backed a developer of website security tools this morning. That funding came from both JMI Equity and existing investor Investor Growth Capital. JMI Equity is an investor in late-stage, established technology companies. whitehat security venture capital software saas private equity

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JMI Equity Raises $1 Billion Fund

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San Diego-based private equity investor JMI Equity said Wednesday that it has closed on a new, $1 billion growth equity fund, JMI Equity Fund VIII. JMI Equity said the new funds will go towards investments in rapidly growing, high quality software businesses. equity venture capital private investment finance financial

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EcoATM Parent Outerwall Acquired By Private Equity Investor

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Outerwall , the parent company of San Diego's EcoATM , has agreed to a private equity buyout by Apollo Global Management , about five months after Outerwall launched an effort to find a buyer. EcdoATM is a San Diego company which operates cell phone recycling kiosks at malls and other locations across the nation, and had been the target of activist investors, unhappy with that unit's financial performance.

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JMI Equity Backs BrightLine

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San Diego-based private equity firm JMI Equity has backed a provider of marketing services for the interactive TV market. According to New York-based BrightLine , it has scored a strategic growth investment from JMI Equity, with JMI Equity's General Partner Brad Woloson joining the company's board of directors. equity brightline venture capital private interactive televisoin content advertising

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SmartAction Finds Funding From Staley, TVC Capital

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El Seguno-based SmartAction , which is developing artificial intelligence-driven, call center automation software, said today that it has raised funding in a management recapitalization by private equity investors Staley Capital and TVC Capital. Staley Capital is based in Boston, and TVC Capital is based in San Diego. intelligence artificial funding equity private recapitalization recap capital venture smartaction

JMI Equity Backs Capsule Tech

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San Diego-based private equity firm JMI Equity has backed a developer of medical device technology, Capsule Tech , the firms announced today. billion in capital. capsule tech technology private equity venture capital medical deviceTerms of the strategic investment were not announced. Capsule Tech said it has named Gene Cattarina as its CEO as part of the investment. Capsule Tech is based in Andover, Mass. JMI's involvement was led by Harry Gruner.

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JMI Equity Re-Ups On AppNeta

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San Diego-based private equity investor JMI Equity has put more capital into AppNeta , a Boston-based provider of cloud-based, IT performance management software. AppNeta said it raised $16M in a SERies C, which was led by Bain Capital Ventures, Egan-Managed Capital, JMI Equity and Business Development Bank of Canada. JMI Equity has been an investor in AppNeta since at least 2009.

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Private Equity Investors Have $740 Billion to Spend, Driving Valuations

Xconomy

Private equity investors have more capital at their disposal than at any time in more than a decade, which could boost prices for companies seeking acquisitions. 1, private equity firms in North America and Europe had secured $212.6 As of Aug. billion in new commitments this year, on pace to eclipse the “already stellar” fundraising year they had in 2016, according to a new report and analysis out Thursday from Seattle-based PitchBook.

DivX Acquired By Private Equity Group

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San Diego-based DivX , the developer of digital video encoding and decoding technology has been acquired by private equity firms Parallax Capital Partners and StepStone Group , the companies said yesterday, in a deal worth $75M in cash plus earnout. DivX said that it was assisted int he deal by San Diego''s Karmel Capital. rovi divx mainconcept entertainment software merger acquisition private equity

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Dramatic Capital Inflows Continue in 2Q17… Trouble Ahead?

Xconomy

In an environment of microscopic interest rates, it is particularly interesting to read the Preqin 2Q17 Quarterly Update , which exhaustively tracks all things private equity and venture capital. In 2Q17 private equity funds raised nearly $121 billion across 206 funds; buyout.

JMI Equity Re-Ups On BigMachines

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BigMachines , a developer of cloud-based software for product configuration, pricing, quoting, and proposals, has scored funding from San Diego private quity investor JMI Equity. The funding round came from Vista Equity Partners, JMI Equity, as well as new investors Salesforce.com. bigmachines venture capital equity private software saas cloud configuration configurator pricing

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JMI Equity Invests In PointClickCare

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San Diego- and Baltimore-based private equity firm JMI Equity has invested in PointClickCare , a developer of electronic health records software for the long-term care industry. JMI Equity Founder and Managing General Partner Harry Gruner joins PointClickCare's board as part of the funding. equity pointclickcare electronic health record lifescience venture capital private software

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BuyAutoParts.com Gets $18.6M In Private Equity Acquisition

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San Diego-based online auto parts retailer BuyAutoParts.com has raised $18.6M The funding round came from Gladstone Investment Corporation and Gladstone Capital Corporation. from Gladstone Investment, with the remainder from Gladstone Capital, giving it an ownership of a portion of BuyAutoParts.com. capital venture equity private acquisition merger buyautoparts in funding, the company said Tuesday.

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