Santa Monica Startup Nacelle Pulls in $18 Million

L.A. Business Journal

Santa Monica-based startup Nacelle Inc. has raised in $18 million in Series A funding led by Inovia Capital

Boost.ai, Backed By $5M, Opens HQ In Santa Monica

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Boost.ai , a European startup which is developing conversational artificial intelligence (AI) software for banks, financial institutions, and other enterprises, said this morning that it has set up shop in Santa Monica, setting up its North American headquarters here as it expands to the US. As part of the move to Santa Monica, Boost.ai boostai startup north america santa monica venture capital

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Comcast Ventures Sets Up Shop In Santa Monica

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Comcast Ventures , the venture capital arm of Comcast Corporation , announced this morning that it has opened up an office in Santa Monica, and hired on Dinesh Moorjani as Managing Director in the new office. comcast ventures santa monica executive venture capital investment

SaaS Funding Targest Software Companies With New Santa Monica Office

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SaaS Funding , a new provider of debt funding to software-as-a-service companies, said it has set up an office in Santa Monica. The company, which provides senior and junior debt capital, says it is targeting Software-as-a-Service (SaaS), digital media and tech enabled service companies who are bootstrapped or backed by angels. As part of the expansion to Santa Monica, the firm said it has added Ivan Nikkhoo as Venture Partner; Nikkhoo was previously at Siemer and Associates.

SaaS Funding Targets Software Companies With New Santa Monica Office

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SaaS Funding , a new provider of debt funding to software-as-a-service companies, said it has set up an office in Santa Monica. The company, which provides senior and junior debt capital, says it is targeting Software-as-a-Service (SaaS), digital media and tech enabled service companies who are bootstrapped or backed by angels. As part of the expansion to Santa Monica, the firm said it has added Ivan Nikkhoo as Venture Partner; Nikkhoo was previously at Siemer and Associates.

OnShift Gets Investment From Santa Monica's Clearlake Capital

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Santa Monica-based private equity investor Clearlake Capital is the lead investor in a strategic funding round this week for Cleveland, Ohio-based OnShift , a developer of human capital management software for the long-term, post-acute care market. According to OnShift, the funding also included Ziegler Link-Age Fund II, a private equity investor focused on the post-actue and aging marketplace, plus an existin investor, Health Velocity Capital.

Santa Monica's Science Inc. Backs Electric Motor Startup In $4.5M Funding

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Santa Monica-based Science Inc. , linear labs science venture capital motor electric scienceincthe startup studio led by former MySpace CEO Michael Jones and startup veteran Peter Pham, is the lead investor in electric motor startup Linear Labs. Linear Labs, which is developing electric motors it says produce twice the torque or force compared to conventional technologies in the same package size, said it raised $4.5M in a seed funding round, led by Science Inc.

Druva Raises Funding, Heads to Santa Monica

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Druva Software , a developer of continuous data protection and disaster recovery products, announced today that it has raised $5M in a Series A funding round, and will be setting up its corporate headquarters in Santa Monica. According to Druva, the funding came from Sequoia Capital and the Indian Angel Network (IAN). offices in Santa Clara, however, CEO and founder Jaspreet Singh said its offices are now in Santa Monica, where it plans to make its primary corporate office.

Shoes Of Prey Raises $15M, Sets Up Shop In Santa Monica

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Shoes Of Prey , a fashion startup which allows women to custom order shoes to their specifications, has raised $15M in a Series B funding, and set up shop in Santa Monica, according to the company. The startup--which was started in Australia--said the funding came from Blue Sky Capital, Greycroft Partners, Nordstrom, and Khosla Ventures. fashionable capital venture garment custom women shoes fashion clothing shoesofprey prey

YuMe Sets Up Shop In Santa Monica

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Redwood City-based YuMe , a Bay Area provider of video advertising technology, announced today that it has set up shop in Santa Monica with a new sales office. The firm, which is backed by Accel Partners, BV Capital, DAG Ventures, Khosla Ventures and Menlo Ventures, said it has opened an office along Main Street, and has hired three new hires at the location.

Technology infrastructure launchpad The Fabric raises $15 million

TechCrunch LA

Announced at the Montgomery Summit in Santa Monica, Calif., the new financing came from Verizon Ventures (the investment arm of TechCrunch’s parent company’s parent company) and March Capital Partners a Los Angeles-based venture capital firm. The Fabric, an early-stage investment company developing new infrastructure technologies, has raised $15 million for its third investment vehicle.

Clearlake Capital to Buy Cornerstone OnDemand for $5.2 Billion

L.A. Business Journal

Santa Monica-based Cornerstone OnDemand Inc., a human resources management software company, has entered into an agreement to be acquired by Clearlake Capital Group in a transaction worth $5.2

The electric scooter wars of 2019

TechCrunch LA

Lime also raised more money last year with a $310 million round in February led by Bain Capital. Throughout 2019, a number of mobility companies launched in additional markets, while many pulled out of areas that no longer served them.

March Capital Backs Gr4vy

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Santa Monica-based March Capital is the lead investor in San Mateo-based Gr4vy, a developer of cloud-based payments orchestration software. According to Gr4y, it raised $15M in a Series A funding, which was led by March Capital, and also included Nyca Partners, Activant Capital and Plug and Play Ventures. March Capital's investment was led by Solomon Hailu. march capital gr4vy venture funding cloud saas payment fintech

Precellerator Opens Up Applications For New Class

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The Precellerator , the Santa Monica-based startup incubation and accelerator effort with ties to local technology law firm Stubbs, Alderton, and Markiles LLP, has opened up applications for its next class of startups, the accelerator said on Tuesday. The Precellerator offers up early-stage startups with capital, legal services, interim office space, mentorship, and more to help startups grow.

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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

TechCrunch LA

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.

Clearlake Capital Buys Discovery Education

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Santa Monica-based private equity investor Clearlake Capital announced this morning that it is acquiring Discovery Education, a developer of educational software, from another private equity investor, Francisco Partners. According to Clearlake Capital, it will become majority shareholder in Discovery Education, with Francisco Partners retaining a minority equity stake. discovery education clearlake capital private equity merger acquisition software curriculum

Inspire Energy Capital Acquired By Shell

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Santa Monica-based Inspire Energy Capital, a provider of renewable energy to the residential market, has been acquired by oil and gas giant Shell, the companies said Tuesday afternoon. According to the companies, Shell New Energies US LLC (Shell), a subsidiary of Royal Dutch Shell plc, has signed an agreement to buy 100% of the equity interests of Inspire Energy Capital LLC, which is jointly headquartered in Santa Monica and Philadelphia.

Clearlake Capital Sells Provation

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Santa Monica-based private equity investor Clearlake Capital says that it has sold one of its portfolio companies, Provation, which provides software to the healthcare industry. Financial details of the sale were not announced. Clearlake said it investedin Provation in March of 2018, after a carve-out acquisition from Wolters Kluwer. The company also funded the acquisition of four companies for Provation, including MD-Reports, ePreop, iProcedures and endoPRO.

Clearlake Capital Backs RSA

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Santa Monica-based private equity investor Clearlke Capital Group says it has made a strategic, equity investment in RSA Security, which develops encryption, cybersecurity, risk and compliance, and other related software. According to Clearlake Capital, the investment makes it an equal partner with prior investor Symphony Technology Group. clearlake capital risk encryption compliance software merger acquisition private equity

March Capital Partners Leads Action IQ Series C

L.A. Business Journal

Santa Monica-based venture investors March Capital Partners led a $32 million funding round for data startup ActionIQ

Quest Software Now Owned By Clearlake Capital

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Aliso Viejo-based cybersecurity and IT operations management developer Quest Software is now owned by Santa Monica-based private equity investor Clearlake Capital, Clearlake Capital said today. Clearlake Capital acquired Quest Software from another, private equity investor, Francisco Partners. quest software clearlake capital private equity merger acquisition

Clearlake Capital Buys Zywave

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Santa Monica-based private equity investor Clearlake Capital announced this morning that it has entered into a deal to acquire Zywave , a developer of software-as-a-service for the insurance industry, from another private equity investor, Aurora Capital Partners. zywave clearlake capital merger acquisition insurance cloud saas private equity

Clearlake Capital Buys Confluence Technologies

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Santa Monica-based private equity investor Clearlake Capital said this morning that it is acquiring Confluence Technologies, a developer of software which is used by the investment industry to automate business processes at asset managers and service providers.

TYLT Labs' New Seed Fund And The Promise Of Silicon Beach

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There seems to a perpetual shortage of local venture capital investors in the region, despite the huge growth in startup activity here, particularly along Silicon Beach. We''re making investments, and are based in Santa Monica, and although we have a small team, we''re looking forward to becoming part of the local scene here in Silicon Beach. We''re happy to report that we''ve found quite a bunch of those here in our backyard in Santa Monica.

TYLT Lab Raises $20M For SoCal Venture Investments

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A new, Los Angeles-based venture capital firm-- TYLT Lab --said Monday that it has raised $20M in an initial close towards its early stage, seed investment fund. The venture capital fund was founded by Rami Rostami and Gerard Casale. tylt labs venture capital tyltlabs investment silicon beach santa monica

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Siemer Ventures Boosts Portfolio To 55 Companies

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Local Santa Monica-based venture investor Siemer Ventures has boosted its total number of investments to 55 companies, the firm announced this week, after adding nine new companies in the second quarter of the year. Siemer said the investments in Q2 included 20JEANS, Ardent Capital, DFR, Ecinity, Ellie, Ringadoc, TheBouqs.com, Tonx, and Uncovet. siemer ventures investment accelerator angeles santa monica silicon beach

Securing the Door: Amazon Buys Connected Doorbell Maker Ring

Xconomy

Santa Monica, CA-based Ring makes smart doorbells connected to cameras that alert homeowners when someone is at their door. Amazon (NASDAQ: AMZN ) has acquired smart-doorbell security system maker Ring as the company seeks to expand its home-security business. The purchase was first reported by Geekwire, which cited a separate report from Reuters that the deal is valued at about $1 billion.

TrueCar Links With Capital One On Loan Pre-Qualification

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Santa Monica-based TrueCar, which operates a digital marketplace for automobiles, says it has linked with Capital One to offer up pre-qualification for its buyers. According to TrueCar, the new link with Capital One allows eligible shoppers to pre-qualify for auto financing through participating lenders Capital One and Westlake Financial. truecar capital prequalification auto automobile market marketplace

Clearlake Capital Backs Diligent

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Santa Monica-based private equity investor Clearlake Capital Group, L.P. According to the companies, Clearlake Capital Group made a strategic minority investment in Diligent, which is owned by another private equity investment firm, Insight Venture Partners. strategic capital venture board cloud software ventures insight equity private diligent clearlakehas made an investment in New York-based Diligent , a developer of enterprise governance management software.

Clearlake Capital Buys symplr

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Santa Monica-based private equity investor Clearlake Capital Group has acquired Houston, Texas-based symplr , a provider of healthcare governance, risk, and compliance software. Clearlake acquired symplr from its existing set of private equity investors, Pamlico Capital and The CapStreet Group. SkyKnight Capital co-invested in the transaction with Clearlake, which financed the deal via Antares Capital, Bain Capital Credit and Golub Capital.

Arrowroot Capital Sells Stake In SocialChorus

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Santa Monica-based private equity investor Arrowroot Capital Management says it has completed its sale of its interest in SocialChorus , to another private equity investor, Sumeru Equity Partners. Arrowroot Capital said it will continue to own a minority interest in the company. Arrowroot Capital has been an investor in SocialChorus since 2018. socialchorus arrowroot capital merger acquisitin private equity

Clearlake Capital Acquires Provation

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Santa Monica-based private equity investor Clearlake Capital Group said this morning that it has acquired Minneapolis, Minnesota-based Provation Medical , a developer of software for the healthcare documentation and coding market. documentation healthcare software acquisition merger investor investment equity private capital clearlake provation

Clearlake Capital's NetDocuments Acquires ThreadKM

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Santa Monica-based private equity investor Clearlake Capital and portfolio firm NetDocuments said today they have acquired ThreadKM , a developer of project management and collaboration software. Clearlake Capital acquired NetDocuments in March. netdocuments threadkm clearlake capital private equity

March Capital Raises $450M In New Fund

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Santa Monica-based March Capital (formerly March Capital Partners) announced on Thursday that it has raised its third fund, March Capital Fund III, which it closed at $450M in commitments. March Capital said the new fund--much like its prior funds--will focus on enterprise AI, industrial technology, cybersecurity, financial technology and next generation cloud infrastructure. investor investment financial fund capital venture partners march

Clearlake Capital Buys Dude Solutions

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Santa Monica-based private equity investor Clearlake Capital Group has acquired Dude Solutions , a developer of operations management software, which was based in Cary, North Carolina. Clearlake Capital acquired Dude Solutions from another private equity firm, Warburg Pincus. Clearlake said the deal was financed by Monroe Capital, with participation from BlackRock, Owl Rock, and Vista Credit.

Arrowroot Capital Gets Exit At Evergage

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Santa Monica-based investor Arrowroot Capital , headed by Matthew Safaii, has scored a win with the acquisition of one of its portfolio companies, Evergage , by Salesforce. and had raised $26M in funding from Arrowroot Capital, G20 Ventures, and Point Judith Ventures. arrowroot capital evergage merger acquisition exit personalization software saas

Science Inc. Eyes New Venture Capital Fund

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Santa Monica-based startup studio Science Inc. The firm already has an existing venture capital fund which invests in its portfolio companies. science venture capital investment startup incubator acceleratorfounded by Michael Jones, Peter Pham, Gregory Gilman, and Tom Dare, appears to be launching efforts to raise a new fund.

Clearlake Capital Launches New Domain Registration Company, Newfold Digital

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Santa Monica-based private equity investor Clearlake Capital said this morning that it has created a new company, Newfold Digital, through the acquisition of Endurance International Group, plus strategic investment transactions with both Web.com and affiliates of Siris. newfold digital clearlake capital strategic investment hosting domainer domain merger acquisition

March Capital Leads $51 Million Funding Round in AI Company Uniphore

L.A. Business Journal

Santa Monica-based venture investors March Capital Partners led a $51 million Series C round for conversational artificial intelligence developers Uniphore Software Systems Private Ltd

Cornerstone OnDemand Goes Private In $5.2 Billion Deal With Clearlake Capital

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Santa Monica-based private equity investor Clearlake Capital Group says it has completed its acquisition of Los Angeles-based Cornerstone OnDemand, the provider of talent management software, in a deal which was worth $5.2 cornerstone ondemand clearlake capital merger acquisition talent management human resources software

Clearlake Capital Acquires NetDocuments

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Santa Monica-based private equity investor Clearlake Capital Group announced this morning that it has acquired NetDocuments , a provider of cloud-based document management, email management, and collaboration software for law firms and corporate legal and compliance customers. Clearlake Capital said the company will continue to be led by Matt Duncan, CEO, and Alvin Tedjamulia, CTO. clearlake capital netdocuments merger acquisition document cloud management legal

Clearlake Capital Completes NetDocuments Acquisition

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Santa Monica-based private equity investor Clearlake Capital said it has completed its acquisition of secure cloud-based document management software developer NetDocuments. clearlake capital netdocuments merger acquisition document cloud management legal softwareFinancial details of the acquisition were not announced. NetDocuments is baesd in Utah, and provides content management software specifically for th elegal industry, focused on security and compliance.