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

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

Blackline surges 40% in software IPO

TechCrunch LA

Blackline, a Los Angeles-based accounting software company, debuted in the U.S. Cloud Fundings & Exits blackline wifi IPOs iconiq capital Los Angeles cloudmarkets Friday. After pricing at $17 per share, the stock closed at $23.70.

Kazuhm Gets Funding For Distributed Computing Software

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San Diego-based Kazuhm , a startup developing a distributed computing workload platform, has received a funding round from Analytics Ventures, Analytics said this week. The company says its software platform currently works both on Windows and Linux operating systems, utilizing used processing power on those systems to minimize use of cloud computing costs. datacenter data intuit distributed desktop software computing capital venture kazuhm

Udacity Achieves 50,000 Nanodegree Grads Amid Company Reorganization

Xconomy

Udacity , a pioneer in the online teaching of IT skills, is celebrating a milestone today—50,000 students have now graduated from one of its revenue-generating “Nanodegree” programs.

TVC Capital Raises $115M Software Fund

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San Diego-based TVC Capital , the software-focused, growth equity investment firm founded by Jeb Spencer and Steve Hamerslag has raised a big, $115M software fund, the company said Wednesday. The fund said that TVC Capital III was oversubscribed, and closed in only 90 days. TVC said that the investors included fund of funds managers and a university endowment.

How to Make Sure Professional Services Don’t Take Over Your Software Company

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deliver profitable revenue that while on gross margins of 50% vs. software at 85-95% it is still profits to help you cover fixed costs. You don’t want to run the risk that having a PS business that takes your eye of off the ball of growing a large software business.

Vicente Capital Invests In Wireless Software Company

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Los Angeles-based private equity investor Vicente Capital Partners announced MOnday that it has invested in iBwave Solutions , a Canadian company providing in-building wireless design software. Vicente Capital said that its Growth Equity Fund, jointly with Farol Asset Management, acquired a "significant" equity interest in iBwave, which is based in Montreal, Canada. The company''s software and associated services are used in the in-building wireless network design market.

WAYV Picks Up $5M For Cannabis Software

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Los Angeles-based WAYV , a startup that says it is developing cannabis e-commerce software, has raised $5M in a seed funding round, the company said on Monday. The funding was led by Craft Ventures, the venture investment fund of David Sacks. According to WAYV, it is developing e-commerce software which enables licensed cannabis companies to manage next day delivery and manage the supply chain for retailers and brands.

RealtyMogul Sells Loan Underwriting Software Technology

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Los Angeles-based real estate crowdfunding site RealtyMogul says it has sold some technology it has developed at its research and development lab, to another company. According to RealtyMogul, it has sold the proprietary loan underwriting software it developed in its labs to Hunt Real Estate Capital , in an all-cash transaction. Realty Mogul said that Hunt Real Estate Capital plans to deploy the company's tool across its commercial real estate lending business.

sensemetrics Gets $10M For IoT Sensor Software

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San Diego-based sensemetrics , a startup developing software to digest the vast amount of industrial Internet-of-Things (IoT) sensor data in the areas of mining, dams, energy and the industrial machine sectors, said on Tuesday that it has raised $10M in a financing round. The Series A funding was led by German inestor X2 I Equity, and also included Mooring Ventures and Three Curve Capital. sensemetrics sensor software industrial venture capital funding

Calibrate Ventures Raises $80M Investment Fund

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Pasadena-based Calibrate Ventures , a brand new venture capital firm founded by Kevin Dunlap and Jason Schoettler, announced on Tuesday morning that it has raised $80M in its very first venture capital fund, Calibrate Ventures, L.P. According to the newly created venture capital firm, it will focus on early revenue startups, focused on companies across both the consumer and enterprise sectors.

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.

PetDesk Finds $12M For Veterinary Software

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San Diego-based PetDesk , a developer of software used by veterinarians, announced Friday morning that it has raised $12M in a Series B funding round. The funding came from PeakSpan Capital. PetDesk develops online software used to manage veterinary practices. According to PetDesk, the new funding will help the company in an expansion push into the pet grooming industry. petdesk veterinary software grooming grommers venture capital saas cloud manageent

Why Most Online Video Companies Will Fail

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I live in LA and fund startups. “You can’t build a large online video company. You have to build a large online tech company that distributes video.” There’s a reason that Maker pulled away while most online video companies did not.

Arrowroot Capital Raises $177M Fund For Software Investments

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Santa Monica-based Arrowroot Capital Management announced today that it has raised a $177M, third fund, Arrowroot Capital II, L.P. , to invest in growth equity for enterprise software companies. According to the firm, led by founder and managing partner Matthew Safaii, it is focused on growth capital for healthy, recurring revenue enterprise software companies in the lower-middle market. Arrowroot Capital said the fund was oversubscribed.

Invest 100

The Coming Shift in Enterprise Software

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Put simply Chuck is amongst the smartest and most knowledgeable leaders in the CRM industry and in the components I consider the future of enterprise software — voice driving input/output, chat-based computing and mobile-first design. Chuck as a software visionary understood this.

Arrowroot Backs ParkHub In $13M Funding

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Santa Monica-based private equity investor Arrowroot Capital is the lead investor in a funding round for parking technology developer ParkHub , in ParkHub's first instituional funding. ParkHub said it raised $13M in a series B funding round, which was led by ArrowRoot Capital, and which will go towards sales and marketing, plus product development. According to the company, the funding is its first institutional funding round.

Enterprise Software Is Back: SoCal Sees Surge In Software Deals

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If you look at the last few weeks of deals here, you might be surprised: it''s almost been entirely enterprise software. Yesterday, TigerText , a developer of enterprise, secure texting tools, raised a big $21M funding and last week, the big funding round was for Kareo , which raised $29.5M

Cirrus Insight Finds Growth Funding

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Irvine-based Cirrus Insight , a developer of software used to help sales people with managing their email inbox and calendar, has received what it says is a "significant" growth equity investment. The funding came from private equity investor Clovis Point Capital. Size of the funding was not announced. Cirrus Insight's software integrates directly with Gmail and Outlook, helping users manage the Salesforce sales process directly from their email inbox.

Kyriba Raises $45M More For Treasury Management Software

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Kyriba , the financial software developer which got its start in San Diego, where it still has major operations, said today that it has raised $45M more in a funding round, led by Sumeru Equity Partners (SEP). The funding also included Bpifrance, Iris Capital, Daher Capital and HSBC. Kyle Ryland, Managing Partners at SEP, joins the company's board as part of the funding. Kyriba is a developer of cloud-based, treasury and financial management software.

BlockFraud Finds $5M For Anti-Fraud Software

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Santa Monica-based BlockFraud , a developer of machine learning and artificial intelligence software used for detecting mobile fraud, has reportedly raised $5M in a Series A funding, the company disclosed on Wednesday. The funding was led by Palisades Venture Capital. blockfraud antifraud software artificial intelligence machine learning venture capital

Truepic Finds $8M For Photo Verification Software

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San Diego-based startup Truepic , a developer of software which "notarizes" digital photos for authenticity, has raised $8M in a Series A funding, the company announced on Thursday. The funding came from Dowling Capital Partners; Jeffrey Parker (co-founder of FirstCall & former CEO of Thomson Financial); Andrew "Flip" Filipowski (Founder and CEO of Platinum Technology and SilkRoad Technology); and William Sahlman, along with others.

PatientPop Raises New Funding Round

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Santa Monica-based PatientPop , which develops healthcare practice management software, has raised a new round of funding, the company said this morning. The new funding brings its total raised to $75M. According to PatientPop, the funding was led by Leerink Transformation Partners (LTP). As part of the funding, Todd Cozzens, Managing Partner and co-founder of Leerink Transformation Partners joins the company's board of directors.

MobileCause Raises $15M For Nonprofit Software

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Los Angeles-based nonprofit fundraising and crowdfunding software platform developer MobileCause has raised $15M in a Series B funding, according to the company. The funding came from growth equity firm Level Equity. As part of the funding, Levil Equity's Sarah Sommer has joined the company's board. MobileCause said the new funding will go towards "aggressive" product innovation and expansion in the US and internationally.

Raken Gets $2M For Construction Reporting Software

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San Diego-based Raken has raised $2M in a funding round, for the company's construction reporting and compliance software. The funding was led by Rincon Venture Partners , and also included Eniac Ventures and Spider Capital. The company develops cloud-based software used to help monitor construction project progress and compliance, and was founded in 2013. raken venture capital construction reporting software

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AuditBoard Find $40M For Risk, Compliance Software

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Los Angeles-based AuditBoard , a developer of risk and compliance software used to help auditors streamline their work, has raised $40M in a funding round, the company disclosed this morning. The funding was led by Battery Ventures. Michael Brown of Battery Ventures joins the company's board with the funding. The company was formerly known as SOXHUB, but renamed itself to AuditBoard in November of last year.

Boulevard Books Seed Funding

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Santa Monica-based Boulevard a developer of cloud-based software used by salons and other appointment-based businesses to automate the process of booking appointments, has raised a seed round of funding, according to one of its investors. The company uses machine learning for online booking, customer engagement and personalization, checkout, and other automation for salons. Size of the funding round was not disclosed.

Moving Analytics Finds Funding

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Marina Del Rey-based Moving Analytics , a developer of software and programs to help cardiac patients complete their rehab at home, has raised a funding round from OCA Ventures. Size of the funding was not announced. Harsh Vathsangam is CEO of Moving Analytics; he was previously a postdoctoral researcher at the University of Southern California working on sensors and accelerometers; the company's other cofounders are Ade Adesanya and Shuo Qiao.

Certona Scores $30M In Growth Funding

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San Diego-based Certona , a developer of personalization software which uses machine learning and predictive algorithms, has raised $30M in a combined growth investment and minority recapitalization. The funding came from private equity investor Primus Capital. Certona said the funding will go towards growing market share, product development, and expanding services and support.

Some Advice Before You Hit the Fund Raising Trail

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Fund raising. But it’s critical for your business, for you as a leader and people who excel at fund raising have an extreme advantage over those who do not. As a VC I also have to fund raise every three years and these posts 100% apply to VCs raising money, too.

Octi Finds $7.5M For Augmented Reality Software

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Los Angeles-based startup Octi , which is developing augmented reality software, has raised $7.5M in a seed funding, the company disclosed recenly. The funding came from Shasta Ventures, I2BF Ventures, Bold Capital Partners, Day One Ventures, Human Ventures, Live Nation and AB InBev, along with angels. the company offers up mobile apps which recognize the movements of users, allowing those usrs and movements to be used in augmented reality displays.

UpKeep Finds $10M For Work Order Software

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Los Angeles-based UpKeep , a startup developing software to manage work orders for facilities, said last week that it raised $10M in a Series A funding. The funding was led by Emergence Capital, and also included Battery Ventures, Y Combinator, and Mucker Capital. As part of the new funding, Kevin Spain of Emergence Capital joins the company's board. in funding. facilities capital venture mobile order work software management upkeep

CUJO AI Gets Funding Injection

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El Segundo-based CUJO AI , a developer of artificial intelligence-based cybersecurity software for telecom network operators, has raised a round of growth capital from KPN Ventures, the company said this morning. KPN Ventures is the corporate venture capital arm of Netherlands-based KPN, a large telecom company. According to CUJO AI, the new funding will go towards expanding and accelerating its international growth.

What is the Right Burn Rate at a Startup Company?

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But what IS the right amount of burn for a company? Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. I often see companies burning $100,000 per month (net) looking to raise $6-8 million. Ask other portfolio companies how your VC acted when / if they got in a cash pinch.