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Procore Taps Investment Banker For IPO, Says Report

socalTECH

Goleta-based Procore , the develops of mobile-enabled, construction management software led by Tooey Courtemanche, appears to be headed for an IPO, and reportedly has hired Goldman Sachs to lead its IPO, according to a report. Tiger Global, Bessemer Venture Partners, Great Pacific Capital, and ICONIQ Capital.

Report 113
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Report: Scopely Seeking $200M More

socalTECH

Los Angeles-based mobile game developer Scopely is reported to be seeking to raise $200M in a new funding round, which would value the company at around $3 billion, according to a report. The report, from Bloomberg, said the valuation of the company is up from an earlier $1.9 billion valuation as of March. READ MORE>>.

Report 113
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Why Venture Capital is So Much More Compelling Now

Both Sides of the Table

It’s not hard to find people willing to write the narrative that “venture capital is not an asset class” or “venture capital has performed terribly.” ” The most recent was 18 months ago or so called The Kauffman Report. These are most notable in late-stage, D-round, investments.

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Report: Tinder Now Valued Over $5 Billion

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Los Angeles-based Tinder , the mobile dating app developer led by Sean Rad, is now worth over $5 billion, according to a report Friday from Bloomberg. tinder venture capital investment social networking dating mobile snapchat' Bloomberg cited "people with knowledge of the deal." READ MORE>>.

Report 190
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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. Pixellot has now raised more than $40M in funding. READ MORE>>.

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TenOneTen Invests In Weoutta

socalTECH

Weoutta , a Silicon Valley developer of an application to help users discover and find events and things happening locally, has raised a funding round from newly formed Los Angeles investment firm TenOneTen , which was founded by David Waxman and Gil Elbaz. The investment by Weoutta was reported this morning by Fortune''s Term Sheet.

Invest 147
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TenOneTen Invests In Weotta

socalTECH

Weotta , a Silicon Valley developer of an application to help users discover and find events and things happening locally, has raised a funding round from newly formed Los Angeles investment firm TenOneTen , which was founded by David Waxman and Gil Elbaz. The investment by Weottawas reported this morning by Fortune''s Term Sheet.

Invest 113