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MomentFeed Names Tech Veteran Nick Hedges As CEO

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Santa Monica-based MomentFeed , which develops software that helps national brands keep information on their stores up to date across mapping and mobile services, has named Nick Hedges as CEO of the company, MomentFeed said this morning. Hedges also previously has served at Bain & Company, Accenture.com, and Ogilvy & Mather.

Draper 124
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TicketSauce Takes $2.5M For Live Event Management Software

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San Diego-based TicketSauce , a developer of private label event management software, has raised $2.5M in a Series A funding, the company announced this morning. The funding was led by Draper Frontier Opp & Tech Fund. The company said the funding goes towards sales and marketing.

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MomentFeed Adds $16.3M

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Santa Monica-based MomentFeed , which develops software that helps multi-location, retailers and brands better understand and interact with customers, has raised $16.3M in new funding, the company said this morning. The funding was led by Level Equity, and also included Signia Venture Partners, Draper Nexus and DFJ Frontier.

Draper 113
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CapLinked Adds $1M, New Investors In Funding Round

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Los Angeles-based CapLinked , the developer of business transaction and deal management software-as-a-service, said today that it has raised $1M in an expansion round for the company. The company is targeting the software for companies working on asset sales, financing, and mergers. That funding was worth $3M.

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CapLinked Adds Investors To Series A

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CapLinked develops an online deal room and deal management platform, which allows companies to manage business transactions and financing via the cloud; the company is now targeting its platform for use in mergers & acquisitions, financings, asset sales, and investor reporting.

Draper 178
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Siemer Ventures Backs Ribbon

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Ribbon, the developer of a social commerce platform which lets users list items for sale, distribute that through their social networks like Facebook , and accept credit card payments--said today that it has raised $1.6M In the past few months, the firm has invested in a dozen companies, ranging from Surf Air, to Gradient X.

Draper 164
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Fonality Hits One Billion Cloud Calls

socalTECH

Culver City-based Fonality , a developer of Voice-over-IP, business PBX phone software, said late last week that it served its one-billionth cloud-based call recently, and had "record sales" during Q4. The company offers both an on-premise version of its software, PBXtra, as well as a newer, cloud-based, hosted offering called UNBOUND.