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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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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.

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Capsule Launches Digital Pharmacy In LA

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Capsule--a well funded, venture funded startup with more than $270M in funding and backing from TCV, Thrive Capital, and Glade Brook Capital, as well as local investors M13 and Ashton Kutcher's Sound Ventures--has expanded into Los Angeles, part of a big expansion push by the company.

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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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The company currently has one pet clinic, in West Hollywood, in addition to "virtual" service. 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.

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12Society Acquired By Quarterly

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West Hollywood-based 12Society , which operated a subscription-based, celebrity-driven gift delivery service, has been acquired by fellow Los Angeles gift subscription firm Quarterly. Quarterly is venture backed by Collaborative Fund, Initialized Capital, SV Angel, and True Ventures. READ MORE>>.

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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>>.