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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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The Honest Company Raises $25M More

socalTECH

Thew new funding came from Institutional Venture Partners, and also included Iconiq Capital, Lightspeed Venture Partners, and General Catalyst Partners. Lee is a serial entrepreneur who has been involved in such companies as LegalZoom and ShoeDazzle. The Honest Company has now raised $58M in funding. READ MORE>>.

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MyTime Snags Funding For Appointment Service

socalTECH

The round was led by GRP Partners, and also included angels such as Dave McClure, Dave Tisch, Ben Smith (Merchant Circle), Brian Lee (ShoeDazzle, LegalZoom), Jason Calacanis, Evan Rifkin, Jennifer Lum, and Jay Weintraub. GRP's Mark Suster said the round was worth $3M, with GRP putting up most of the funds.

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Hollar Picks Up $17.5M For Bargain Gifts Site

socalTECH

and tech veteran Brian Lee (LegalZoom, Honest Co., The funding came from Index Ventures, Lightspeed Venture Partners, and others. Hollar's executives were previously at Honest Co., including David Yeom (CEO, formerly in Business Development at Honest Co.) ShoeDazzle), who serves as Executive Chairman of the company. READ MORE>>.

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What Makes a Successful Startup Community? Is it Possible to Build One Where You Live?

Both Sides of the Table

Recently I wrote a post arguing to make the definition of a Startup more inclusive than that to which Silicon Valley, fueled by Venture Capital return profiles, would sometimes like to attach to the word. Local Capital – I do believe that you’ll struggle to get a community started without some local capital.

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SocialAnnex Backed By Who's Who Of SoCal Angels

socalTECH

Los Angeles-based SocialAnnex , a startup helping online retailers to use social media to spur sales, has scored a round of funding from a who's who of Southern California technology angels, the firm said Tuesday. According to SocialAnnex, Kamran Pourzanjani of PriceGrabber.com, Brian S.

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Interview with Jeff Zwelling, Convertro

socalTECH

Jeff Zwelling is the co-founder of Convertro (www.convertro.com), a Los Angeles company focused on helping companies track how their marketing efforts are leading to sales conversions. Locally, those are companies like LegalZoom, GameFly, TrueCar, and ShoeDazzle. All five of my companies have returned a lot of capital.

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