socalTECH

JULY 12, 2018

Santa Monica-based private equity investor Clearlake Capital said this morning that it has sold one of its portfolio companies, Pomeroy Group Holdings , to an affiliate of Getronics Group. Pomeroy provided information technology services, including managed services, to the middle market and enterprise customers.

Capital 113

Capital Santa Monica Equity Acquisition 113

socalTECH

AUGUST 27, 2019

Santa Monica-based Fair , which operates a vehicle subscription service that lets users subscribe to gain access to cars without the restrictions of a traditional lease, has raised $100M in a combined debt facility and equity investment, the company said this morning. Details on the equity portion were not announced.

Equity 100

Equity Invest Santa Monica Tool 100

socalTECH

MAY 14, 2014

Santa Monica-based private equity investor Clearlake Capital Group said this morning that it is in an agreement to acquire ConvergeOne , a Minnesota-based provider of communications and managed services to the enterprise market. Financial details of the buy were not disclosed. READ MORE>>.

Capital 138

Capital Santa Monica Equity Invest 138

socalTECH

DECEMBER 13, 2017

Santa Monica-based private equity investor Clearlake Capital announced this morning that it has led a recapitaliation of Knight Energy Holdings , a provider of oilfield rental tool services for the oil and natural gas industry. Financial details of the recapitalization were not announced.

Capital 113

Capital Santa Monica Equity Tool 113

socalTECH

JUNE 25, 2021

Santa Monica-based Revolution Prep, an academic testing and tutoring preparation company, has scored private equity funding from Apax Digital Fund. According to Apax Digital, the new funding will go to expand Revolution Prep's offering and to increase access to its online tutoring services.

Funding 200

Funding Santa Monica Equity Services 200

socalTECH

AUGUST 19, 2021

Symplr, the enterprise healthcare software developer which is owned by Santa Monica-based private equity investor Clearlake Capital Group, has acquired SpinFusion, a developer of healthcare scheduling software. The company is owned by Clearlake Capital Group and Charlesbank Capital Partners.

Santa Monica 113

Santa Monica Acquisition Equity Software Development 113

socalTECH

OCTOBER 23, 2020

One of the portfolio companies of Santa Monica-based private equity investor Clearlake Capital Group is on an acquisition roll, acquiring yet another company. Clearlake Capital said the acquisition was made with its support along with SkyKnight Capital. Financial details of the deal were not announced.

Santa Monica 113

Santa Monica Equity Acquisition Capital 113

socalTECH

JUNE 28, 2013

Santa Monica-based private equity firm Clearlake Capital has completed the acquisition of the North American Rental and Tubular Services divisions of Archer Limited, the firm said today. The new company will be renamed IronGate Energy Services. billion in capital. Clearlake manages around $1.4

Acquisition 147

Acquisition Capital Santa Monica Equity 147

socalTECH

JULY 1, 2021

nThrive, the healthcare revenue cycle management software developer which is owned by Santa Monica-based private equity investor Clearlake Capital, has both a new CEO and CFO, the companies said today. Goel was most recently CEO of Capsule Technologies, and also had served at Spok and Siemens Health Services.

Santa Monica 113

Santa Monica Equity Software Development Capital 113

socalTECH

JUNE 7, 2013

Santa Monica-based private equity firm Clearlake Capital said this week that it has acquired the Retail Solutions Group of Agilisys , a provider of technology and managed services for the retail market. Clearlake Capital said it will rename the group as Kyrus Solutions. READ MORE>>.

Capital 147

Capital Santa Monica Equity Sales 147

socalTECH

AUGUST 31, 2021

Santa Monica-based H Code, which provides digital advertising services to the Hispanic market, said Monday afternoon that the company has received a new, capital investment. The funding came from private equity investor Falfurrias Capital Partners (FCP), which invests in growth-oriented, middle-market companies.

Invest 113

Invest Santa Monica Equity Advertising 113

socalTECH

DECEMBER 16, 2015

Santa Monica-based private equity investor Clearlake Capital Group has scored an exit with one of its portfolio companies, Chicago-based Inventus Solutions. Inventus develops e-discovery services to the Fortune 1000, global law firm, and government agency markets. Inventus has been acquired by RPX Corporation.

Capital 100

Capital Santa Monica Equity Services 100

socalTECH

MARCH 29, 2017

Santa Monica-based Arrowroot Capital , an investment firm focused on investing growth equity in growing software-as-a-service and internet-based businesses, has launched an effort to raise $175M in its third fund, Arrowroot Capital III, LP. The firm, led by managing director Matthew J.

Invest 100

Invest Capital Funding Southern California 100

socalTECH

DECEMBER 9, 2013

Santa Monica-based private equity investor Clearlake Capital Group has rolled up three companies into a new company called Calero Software , the company announced today. Clearlake Capital said that Calero is made up of the business operations of Veramark Technologies, PINNACLE, and Movero. READ MORE>>.

Capital 147

Capital Software Company Companies 147

socalTECH

MAY 14, 2019

NetDocuments , the developer of a cloud-based platform for managing the documents of law firms and corporate legal and compliance departments which is backed by Santa Monica-based private equity investor Clearlake Capital , has scored a new, strategic funding. Clearlake acquired NetDocuments in 2017. READ MORE>>.

Invest 113

Invest Santa Monica Equity Platform 113

socalTECH

FEBRUARY 12, 2015

Santa Monica-based private equity investor Clearlake Capital said this morning that it has acquired enterprise service management software company FrontRange , and will merge it with another of its portfolio firms, Lumension. The newly merged company will be called HEAT Software. READ MORE>>.

Capital 100

Capital Santa Monica Equity Acquisition 100

socalTECH

SEPTEMBER 14, 2020

Santa Monica-based GoodRx , a developer of a digital healthcare and prescriptions service, has set an IPO pricing range of between $24.00 GoodRx is backed by private equity firms Silver Lake, Francisco Partners, Spectrum, and Idea Men LLC. and $28.00 The company is looking to raise as much as $1.1 Seelaus & Co.,

Silver Lake 113

Silver Lake Pricing Santa Monica Equity 113

socalTECH

MARCH 27, 2018

Santa Monica-based Bird , which offers up rentals of electric scooters for the "last mile" of your commute, has expanded to San Francisco, San Jose, and Washington, DC. Bird previously only offered up its services in Santa Monica, San Diego, and some other parts of Los Angeles.

Santa Monica 124

Santa Monica San Diego Equity Los Angeles 124

socalTECH

APRIL 12, 2017

Ivanti , the IT automation software developer owned by Santa Monica-based private equity investor Clearlake Capital , announced this morning that it has acquired Concorde Solutions , a developer of software asset management (SAM) software-as-a-service. Financial terms of the acquisition were not announced.

Santa Monica 113

Santa Monica Equity Acquisition Software Development 113

socalTECH

MARCH 9, 2018

Santa Monica-based Bird , which operates a network of "last mile" electric vehicles for connecting users with public transportation like buses and subways, has raised $100M in a Series B funding, the company said on Friday. Bird, which is led by founder and CEO Travis VanderZanden, offers up electric scooters as part of its service.

Santa Monica 113

Santa Monica UCLA Venice San Diego 113

socalTECH

MARCH 12, 2014

Santa Monica-based Beats Music , the subscription-based, music streaming service, has raised between $60M to $100M in new, equity financing, according to reports. spotify subscription service streaming capital venture music beats' Beats Music has not yet announced details of the funding. READ MORE>>.

Funding 170

Funding Santa Monica Equity Report 170

socalTECH

APRIL 9, 2018

The alternative-transportation services segment occupied by new Santa Monica startup Bird suddenly heated up today, after car sharing service Uber said that it has acquired JUMP Bikes --the provider of a electric bike sharing service in San Francisco. Bird just raised a big $100M funding round.

Santa Monica 133

Santa Monica Equity Acquisition Report 133

socalTECH

MAY 21, 2018

Santa Monica-based Bird , the on-demand electric scooter rental service backed by Valor Equity Partners, Index Ventures, Craft Ventures, Goldcrest Capital, Tusk Ventures and Upfront Ventures, may be seeing even more competition in San Francisco, after reports that Lyft is hoping to launch its own, electric scooter service in the city.

Competition 100

Competition Santa Monica Demand Equity 100

socalTECH

MAY 18, 2018

Santa Monica-based scooter rental service Bird is in the midst of a back and forth with the city of Scottsdale, Arizona, after being hit by a cease-and-desist letter from the city last week, the day after the company launched its efforts in Arizona. Bird launched its services in Scottsdale and Tempe, Arizona last week.

Santa Monica 124

Santa Monica Equity Services Capital 124

socalTECH

MAY 16, 2014

Santa Monica-based TrueCar has priced its IPO, saying last night that it will sell 7.8 TrueCar is venture backed by backed by USAA, Capricorn Investment Group, Upfront Ventures, Anthem Ventures, Vulcan Capital Growth Equity, Peppy Capital Partners, Arcturus Venture Capital, along with others. READ MORE>>.

Truecar 147

Truecar Pricing Arcturus Anthem 147

socalTECH

AUGUST 9, 2018

Santa Monica-based business outsourcing service provider TaskUs , founded by Bryce Maddock and Jaspar Weir, said this morning that it has raised $250M in an investment round. The investment came from private equity investor Blackstone Group. According to TaskUs, the funding round values the company at $500M.

Outsource 100

Outsource Santa Monica Social Media Commerce 100

socalTECH

JUNE 6, 2018

Santa Monica-based Headspace , which develops mindfulness and meditation apps, says it is targeting the medical market with the launch of a new, digital medicine subsidiary it calls "Headspace Health". Headspace is venture backed by Spectrum Equity, The Chernin Group, Advancit Capital, Allen & Co., READ MORE>>.

Marketing 100

Marketing Southern California Santa Monica Study 100

socalTECH

JULY 18, 2013

Santa Monica-based content delivery network EdgeCast has just filled up its warchest, announcing Thursday that it has raised $54M in a big funding round. The new funding was led by Performance Equity Management, and also included existing investors Menlo Ventures and Steamboat Ventures. READ MORE>>.

Content 150

Content Steamboat Ventures Santa Monica Venture Capital 150

socalTECH

FEBRUARY 23, 2017

Santa Monica-based MomentFeed , which develops software that helps multi-location, retailers and brands better understand and interact with customers, has raised $16.3M The funding was led by Level Equity, and also included Signia Venture Partners, Draper Nexus and DFJ Frontier. in new funding, the company said this morning.

Draper 113

Draper Santa Monica Equity Sales 113

socalTECH

OCTOBER 9, 2013

Santa Monica-based utility scale solar power developer SolarReserve announced Tuesday that it has appointed a new Chief Financial Officer. He also co-founded wind developer First Wind/UPC Wind, and served at a Nomura-backed private equity fund, GE Capital Market Services, and Lehman Brothers. READ MORE>>.

Santa Monica 147

Santa Monica Equity Capital Funding 147

socalTECH

MARCH 8, 2012

Santa Monica-based Cornerstone OnDemand , the developer of human resources and talent management software-as-a-service, said today that it has agreed to acquire Auckland, New Zealand-based Sonar Limited (Sonar6). Cornerstone OnDemand said it is using the acquisition to enter into the SMB space.

Cornerstone OnDemand 153

Cornerstone OnDemand Oracle Santa Monica Acquisition 153

TechCrunch LA

APRIL 6, 2020

metro area, San Diego and Santa Monica. The remaining $200 million came from new investors Macquarie Capital, Mori Building and Shell, as well as existing investors 83North, Broadscale Group, Ervington Investments, Hearst Ventures, Planven Ventures, Pitango and RiverPark Ventures. Exor contributed $200 million of that raise.

Layoffs 136

Layoffs Startup Newsletter Santa Monica 136

socalTECH

DECEMBER 27, 2018

Over the last four years, I watched numerous entrepreneurs raise equity. In 2018, many of them sold their companies or raised massive equity rounds. ServiceTitan, based in Glendale, created a software platform for home services businesses like HVAC installers, and vaulted to unicorn status this year with a $165M growth round.

Southern California 133

Southern California SoCal Culver City Venture Capital 133

socalTECH

MAY 25, 2016

Santa Monica-based March Capital Partners (www.marchcp.com) has just announced a brand new, $240M venture investment fund, led by longtime venture investing veterans Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery. That network effect is a subtle but has a powerful effect with all this new technology.

Southern California 113

Southern California Capital Funding Invest 113

socalTECH

NOVEMBER 1, 2010

Santa Monica-based Rubicon Project said this morning that it has raised $18M in additional funding, and acquired the Fox Audience Network (FAN) from New Corporation. Tags: rubicon project news audience network merger acquisition venture capital advertising. The new funding brings Rubicon's total funding to $60M. READ MORE>>.

Networking 147

Networking Clearstone Santa Monica News 147

Both Sides of the Table

NOVEMBER 11, 2013

I often advise startup companies not to try and pin all of your brand equity into an announcement. Build platform services that provide more value to our startups than just money (putting our fees into our ecosystem and not just our pockets). We have also hired Kyle Taylor to run platform services as his full-time job.

Venture Capital 324

Venture Capital Startup Blogging Platform 324

socalTECH

MARCH 4, 2021

Buck Jordan: The story is, I was at the tail end of my last fund, Canyon Creek Capital, and I wanted to try something different. We were sitting at Huckleberry Cafe in Santa Monica, and I asked him if labor was a big problem for his business. You no longer have to be an investor in a giant venture capital fund.

Startup 113

Startup Venture Capital Capital Customer 113