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Casa Verde Capital Raises $45M Investment Fund

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West Hollywood-based Casa Verde Capital said this week that it has raised $45M in its debut, investment fund, which will specifically invest in the "ancillary cannabis" industry.

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LaserAway Snags Private Equity Investment

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West Hollywood-based LaserAway, an aesthetic dermatology business which offers laser hair removal, laser tattoo removal, laser skin rejuvenation services via a series of clinics, has scored private equity funding. According to the company, it raised funding from the Private Equity Group of Ares Management Corporation.

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Modern Animal Snags $75.5M For Veterinary Care

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As part of the funding, Tony Conrad of True Ventures, Karen Boone former CFO of Restoration Hardware, and David Bowman of Atmosphere/previously of Blue Bottle Coffee, have joined the company's board. The company currently has one pet clinic, in West Hollywood, in addition to "virtual" service.

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Citysearch Invests In OrangeSoda, Launches Online Local Advertising Service

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West Hollywood-based Citysearch , the online local business guide owned by IAC, announced today that it has launched a new online advertising service for local businesses called CityGrid Complete. According to Citysearch, it made an investment in OrangeSoda to build the new service. READ MORE>>.

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Orbitera Gets $2M For Cloud Billing, Sales

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West Hollywood-based Orbitera , a developer of a cloud-based software product to help companies the sales of cloud-based software and services, including managing leads, trial subscriptions, billing, and operations, has raised $2M in a seed funding round. The funding came from Resolute Ventures. READ MORE>>.

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Citysearch, IAC Looks To Contest For Business Ideas

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West Hollywood-based Citysearch , the local reviews and directory service of IAC, has taken an unusual approach to finding its next business idea: it's running a contest which asks its users to submit a "brilliant" idea for web and mobile applications. The companies said the deadline for entries is July 17th. READ MORE>>.

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Backstage Capital Launches New Startup Accelerator In LA

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West Hollywood-based Backstage Capital , a venture capital investor which focuses on minorities--including women, People of Color, and LGBT founders, said recently that it has launched the Backstage Accelerator , a three month, startup accelerator which will provide in-person resources and support to its portfolio of companies.