The Honest Company Raises Series E Funding

socalTECH

Los Angeles-based The Honest Company , the natural home products brand, said late Thursday that it has closed on a Series E financing round. The round was led by Fidelity Management & Research Company, along with others. Unconfirmed reports place the funding at $75M, at $19.60 per share, a significant decrease from the company's prior valuation of $45.75. fidelity capital venture ecommerce retail baby products home natural thehonestcompany company honest

Massage-on-demand company, Soothe, raises $31 million

TechCrunch LA

The massage-on-demand service Soothe seems to be rubbing investors the right way with the close of a new $31 million round of funding. The Series C round from late stage and growth capital investment firm, The Riverside Company , caps a busy first quarter for the massage service.

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Cirrus Insight Finds Growth Funding

socalTECH

The funding came from private equity investor Clovis Point Capital. Size of the funding was not announced. Cirrus Insight's CEO and co-founder is Ryan Huff; the company's COO and co-founder is Brandon Bruce. cirrus insight growth funding sales email inbox venture capital private equity salesforce

SaaS Funding Targest Software Companies With New Santa Monica Office

socalTECH

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. The company said it offers up loans from between $250,000 to $3 million and terms ranging from 12 months to 36 months.

The Honest Company Gets $200M Growth Investment

socalTECH

Los Angeles-based The Honest Company , the online natural baby, personal care, and beauty products provider, said Wednesday that it has raised $200M in a strategic minority investment, which came from private equity investor L Catterton. According to The Honest Company, the new funding will go towards its growth strategy, and will go both towards "innovation initiatives" as well as operational capabilities to boost its supply chain and global reach.

Big tech companies are looking at Hollywood as the next stage in their play for the cloud

TechCrunch LA

Keeping the focus squarely on tools for artists and designers the company talked up its tools like Zync Render, which Google acquired back in 2014 , and Anvato, a video streaming and monetization platform it acquired in 2016.

Walker & Company Brands Finds Funding From Upfront Ventures, Magic Johnson

socalTECH

Walker & Company says its Bevel brand of razors reduces and prevent razor bumps and irritation in men with coarse and curly hair. razer products upfront retail color johnson magic capital venture ventures brands company walker

The Honest Company Raises $100M In Series D

socalTECH

Santa Monica-based The Honest Company , which provides baby care, personal care, home care, and other healthy lifestyle products, said this morning that it has raised $100M in a Series D funding round. The company has now raised around $228M in funding.

Here's Who Is Funding Companies In Southern California Today

socalTECH

Are you a startup looking to find funding in Southern California? It's often tough to figure exactly who the venture capital funds are who are funding startups in the area. However, for members of socaltech.com, it's a click away with our real time analysis of venture funding flows. Here are the venture firms who have been most active in SoCal (Santa Babrara - Los Angeles - Orange County - San Diego) in the last twelve months, based on the number of deals: 1.

Elon Musk's Newest Company Gets Funding To Connect Humans, Computers

socalTECH

Elon Musk , the CEO and founder of Los Angeles-based SpaceX , has a new company, Neuralink , which is looking to create a brain-computer interface--and now has $26.96M in the bank. According to a regulatory filing, Neuralink has raised $26.96 million from 12 investors. Elon Musk, in a Tweet, said that the startup is not raising additional money, despite indications otherwise in the firm's regulatory filings. Neuralink is based in San Francisco. READ MORE>>.

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Cohu Buys Spring Probe Company

socalTECH

Poway-based Cohu said late Tuesday that it has agreed to acquire Kita Manufacturing Co LTD , a Japanese companies that develops products used in electronics manufacturing. Cohua said it would pay $15M in cash for Kita, funded out of its cash reserves and through assumption of operating debt of $2.6M The company said Kita had current year sales of estimated $17M. cohu spring probe company kita manufacturing japan electronics merger acquisition

SaaS Funding Targets Software Companies With New Santa Monica Office

socalTECH

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. The company said it offers up loans from between $250,000 to $3 million and terms ranging from 12 months to 36 months.

ENTITY Finds Seed Funding

socalTECH

Los Angeles-based ENTITY , a new media company focused on women, has raised a seed funding round, the company said this week. The funding was led by Susan Rockefeller. According to ENTITY, it is creating a new "experiential media" company focused on "empowering and educating NextGen women". entity seed funding venture capital media content women genz millennial nextgen female mentorship

Invested.in Turns Attention Towards Funding Companies

socalTECH

Los Angeles-based Invested.in , the online crowdfunding service headed by Alon Goren, is shifting its focus towards helping companies raise money from accredited investors. The move to launch BoostFunder looks to be the company's first tiptoe into crowdfunding of businesses; its prior efforts had been more focused toward traditional, crowdfunded small projects. boostfunder investedin crowdfunding crowd funding financial angel

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Boring Company Wins $1 Billion Chicago Transport System Deal

socalTECH

Chicago has selected Los Angeles-based Boring Company , the tunnel-transportation-hat-and-flamethrower company run by tech mogul Elon Musk, for a $1 billion transportation system. According to Emanuel will be fully funded by Boring Company, with "no taxpayer subsidies". boring company chicago transportation system

Calacanis Debuts LAUNCH Fund I To Back 100 Companies

socalTECH

Jason Calacanis , the serial entrepreneur, angel investor, and conference organizer, announced Tuesday morning that it has closed his first, formal angel investing fund, The LAUNCH Fund I. Calacanis said the fund will invest $100-$250K in 50-100 startups. LPs in the fund include Calacanis, David Sacks, and others. Calacanis also said he''ll be syndicating deals on AngelLIst, letting investors put their own money into deals he is making with the fund.

Enjoius raises $1.4 million to bring its party planning services to you

TechCrunch LA

Fundings & Exits Logistics TC business economy Enjoius entrepreneurship Los Angeles Nancy Tellem Private Equity Startup company

Enjoius raises $1.4 million to bring its party planning services to you

TechCrunch LA

Fundings & Exits Logistics TC economy entrepreneurship business Private Equity Startup company Los Angeles Nancy Tellem Enjoius

Casa Verde Capital Raises $45M Investment Fund

socalTECH

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. The company's Managing Partner is Karan Wadhera. broadus calvin rapper snoop fund agtech cannabis investment venture capital verde casa

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Bonfire Ventures Aims To Raise New, $20M Fund, Bonfire Ventures Select I

socalTECH

Los Angeles-based venture investor Bonfire Ventures , the venture capital fund led by SoCal VC veterans Jim Andelman and Mark Mullen, has launched a fundraising effort for a new fund, Bonfire Ventures Select I , according to a regulatory filing from the firm this week. Details on the new fund have not been announced by the investment fund. The regulatory filing indicates the first sale in the fund has yet to occur.

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PA Portfolio Company ShipHawk Scores $5M For Shipping Marketplace

Ask the Angels

Socaltech reports that Santa Barbara-based ShipHawk , the online developer of technology for helping connect users with shipping companies, has raised $5M in a funding round, the company said this morning. The startup, led by Jeremy Bodenhamer, said the funding came from DN Capital, and also included Karlin Ventures, Rothenberg Ventures, and Wavemaker Partners (formerly Siemer Ventures). DN Capital’s Steve Schlenker also joins the company’s board.

Netwatch Creates New Company, Rolls Up Security Monitoring Companies

socalTECH

Lake Forest-based Netwatch said today that it has launched a new company, comprised of four visual monitoring companies in the video security area. The new company is backed by private equity funding from The Riverside Company. According to Netwatch, the new company is made up of Netwatch (Ireland), NMC (United States), CalAtlantic (United States) and Onwatch Multifire (United Kingdom).

Funding Tech Companies

SoCal Tech Calendar

Thursday, March 24, 2011 -- Funding Tech Companies: State of the Credit Market-Senior Financial Executive Roundtable-TechAmerica. How has the banking shakeout affected banks that focus in the tech sector? What is the new landscape for the business of banking now and in the future? Join TechAmerica to hear from several prominent lending institutions in the Los Angeles area whose clientele include the technology industry.

TherOx Finds Debt Funding

socalTECH

Irvine-based medical device company TherOx , which is developing medical devices to treat acute myocardial infarction (AMI), recently announced it has received a debt financing. According to ThereOx, the proceeds of the funding will go towards the U.S. lifescience biotech capital venture kasei asahi zoll infarction myocardial acute device medical funding debt therox

Maximize Your Exit By Not Selling Your Company

InfoChachkie

However, in many cases, acquiring companies behave less rationally than Mr. Jackson. Citrix politely approached us, told us they had an interest in acquiring our company and then asked us, “How much?”. Our response was that there was no “price” as our company was not for sale.

The Honest Company Raises $25M More

socalTECH

The Honest Company , the Los Angeles-based e-commerce company founded by Brian Lee and celebrity Jessica Alba, has raised $25M more in a funding round, the firm said this morning. The Honest Company offers up a variety of eco-friendly baby- and kids- products via subscription.

The Virtual Reality Company Finds $23M

SoCal Tech Calendar

Los Angeles-based The Virtual Reality Company , the startup which is developing a virtual reality version of The Martian , has raised $23M in a funding round, according to the company. The funding came from Hengxin Mobile Business Co, Ltd, and also included Metallica lead singer James Hetfield, Rothenberg Ventures, and Elementum Ventures. According to The Virtual Reality Company, the new funding will go towards developing more, original virtual reality content.

Villiger Raises Seed Funding

socalTECH

Los Angeles-based Villiger , a startup developing a mobile app to help parents book tutors, baby sitters, and other services, has raised a seed round of funding, the company said this week. Size of that funding round was not announced. The company said the funding came from Mangrove Capital, Nir Zohar (President and COO, WIX), and Stephen Stokols (CEO, FreedomPop). villiger venture capital mobile mangrove seed funding smartphone parents parenting children kids

Drinks Picks Up $15M Funding Round

socalTECH

Los Angeles-based Drinks , which operates a number of subscription, direct-to-consumer wine delivery services, has raised $15M in a Series B funding round, according to the company. The funding was led by Beverly Pacific and also included Shea Ventures and others. The company was founded by Zac Brandenberg, and operates the Wine Insiders wine delivery club and the Martha Stewart Win Co.

The Honest Company Partners With Zulily

socalTECH

The Honest Company , the online brand offering up natural products for babies and families founded by Jessica Alba, has teamed up with daily deals site Zulily , the two said Wednesday afternoon. Financia link between the companies were not disclosed.

Visionary Venture Fund Raises Funding For Opthalmic Investment Fund

socalTECH

Aliso Viejo-based Visionary Venture Fund , a new venture capital firm specifically focused on only investing in opthalmology companies, has closed its first round of funding for a targeted $30M venture fund, the company announced on Tuesday. The company said it expects to invest up to $30M in approximately a dozen companies over the next 18 months, investing between $500K to $5M in each company.

SoCalGas Creates $1M Fund For Clean Technology Startups

socalTECH

In a move which adds some additional capital to the Los Angeles clean technology market, utility company Southern California Gas Company said Thursday that it has created a new, $1M innovation fund to help companies develop clean technology.

Lindora Finds Growth Funding

socalTECH

Costa Mesa-based Lindora , an operator of medically supervised weight loss and wellness clinics, has raised a round of growth capital, the company said on Tuesday afternoon. Lindora said the funding came from Montage Capital, along with Solis Capital Partners and Innovate Partners. According to Lindora, the new funding will go towards expansion of clinic locations and extend its line of naturally flavored, gluten free, clean-label food products.

15 San Diego Companies Chosen for Defense Innovation Program

Xconomy

A federally funded pilot program will provide 15 local defense contractors with free consulting services and six monthly “boot camp” workshops as part of a regionwide effort to help such companies better prepare to navigate changes in federal defense funding.

DermTech Raises $10M In Series C Funding

socalTECH

La Jolla-based molecular dermatology startup DermTech announced today that it has raised $10M in its Series C funding round, part of an ongoing $15M financing effort by the company. The startup, which is developing precision medicine technology for the diagnosis and treatment of skin cancers, inflammatory diseases, and other skin diseases, said the funding included investments by RTW Investments, along with other private investors.