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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

At our mid-year offsite our partnership at Upfront Ventures was discussing what the future of venture capital and the startup ecosystem looked like. Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? But rest assured valuations get reset.

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Bitium Gets $6.5M For Enterprise Software

socalTECH

Santa Monica-based Bitium announced Friday that it has raised $6.5M The company said the new funding will go towards product development, sales, and marketing activities. amplifyla amplify accelerator capital venture software saas cloud enterprise bitium' Bitium was part of the Amplify LA accelerator. READ MORE>>.

Software 153
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MK Capital Funds ReachForce

socalTECH

Los Angeles- and Chicago-based venture capital firm MK Capital is the lead investor in Texas-based ReachForce , a provider of data quality software for marketers. According to ReachForce, MK Capital led a $4.6M MK Capital has its Los Angeles offices in Santa Monica. investment round in the company.

Capital 157
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PatientPop Raises New Funding Round

socalTECH

Santa Monica-based PatientPop , which develops healthcare practice management software, has raised a new round of funding, the company said this morning. PatientPop said the new funding will go to accelerate expansion of its go-to-market capability, plus further product innovation. READ MORE>>.

Funding 113
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Prodoscore Picks Up Series A

socalTECH

Carter--best known for his work in the music industry--also is now well known for early positions in such companies as Uber, Lyft, Dropbox, Spotify, and Warby Parker, among other companies, including Santa Monica's Thrive Market. READ MORE>>.

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Cornerstone OnDemand Sets IPO Offering Range

socalTECH

Santa Monica-based Cornerstone OnDemand , which develops online learning and talent management software, said Wednesday morning that it expects its IPO to price between $9.00 The firm is looking to list on the NASDAQ Global Market as CSOD. and $11.00 Cornerstone OnDemand is selling 10.5 Cornerstone OnDemand is selling 10.5

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Cornerstone OnDemand Selects NASDAQ

socalTECH

Cornerstone OnDemand is backed by Bay Partners, Bessemer Venture Partners, and Meritech Capital. Tags: cornerstone ondemand merger acquisition exit software saas. The loss number was a result of an accounting change in fair value of preferred stock warrant liabilities owned by the firm, related to its Series D preferred round.