Tech Coast Angels Backed 53 Companies In 2018, $10.8M Invested

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The Tech Coast Angels , the largest organized angel investment group both in Southern California as well as across the venture ecosystem, says it backed a total of 53 companies in all of 2018, putting in a total of $10.8M across those companies. According to the TCA, about 76 percent of its investments in 2018 went to 34 new companies in its portfolio, with the largest investment--nearly 15 percent of its investments--in a single investment worth $1.6

The Honest Company Gets $200M Growth Investment

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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.

NantWorks Invests In Daybreak Game Company

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Los Angeles-based NantWorks , the investment arm of billionaire Dr. Patrick Soon Shiong, said on Thursday afternoon that it has made a strategic investment in San Diego-based multiplayer online games developer Daybreak Game Company. Size of the investment was not announced. As part of that investment, NantWorks said it has created a new joint venture called NantG Mobile , which will develop and publish mobile version of Daybreak's current games.

Take only “smart money” investments

Berkonomics

Often, that money is worth more than the cash invested, because the investors who often become members of the board, bring a wealth of experience, insight, relationships and deeper pockets to the table. Close. This statement could be considered controversial.

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Bonfire Ventures closes $60 million to invest in SoCal B2B startups

TechCrunch LA

Los Angeles is becoming one of the more interesting destinations for startups and the investors that provide money for venture capital firms to place bets on young companies are increasingly starting to take notice.

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With the Los Angeles tech scene exploding, CrossCut Ventures raises $125 million to invest

TechCrunch LA

CrossCut Ventures, a Los Angeles-based seed investment firm has just closed its fourth (and largest) fund with $125 million in new cash. It’s been a long road for the firm’s three co-founders, who have been investing in Los Angeles since 1997.

CerraCap Ventures Gets Strategic Investment

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Costa Mesa-based CerraCap Ventures , a venture capital firm which invests in early stage technology companies, announced this morning that it has received a strategic investment, from a unit of IIFL Wealth Management Limited (IIFL Wealth), a large Indian private wealth management company. The investment went into CerraCap's second fund, CerraCap Ventures Fund II. Size of the investment was not announced.

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Think ahead when raising your early investments

Berkonomics

Sooner or later you may need to seek venture capital and accommodate the needs of the venture community in negotiating the terms of an investment. First, VC’s in general cannot invest in ‘S’ corporations or limited liability companies (LLC’s).

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Clearlake Backs DigiCert In Growth Investment

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Santa Monica-based private equity investment firm Clearlake has made an investment in security certificate provider DigiCert , in a joint investment with TA Associates, the companies said on Tuesday. Size of the investment was not announced. The investors said that Clearlake and TA will become equal partners in DigiCert, with Jason Werlin of TA Associates becoming Chairman of the company, and Hythem El-Nazer, also at TA, joining the board of directors.

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

TechCrunch LA

The Series C round from late stage and growth capital investment firm, The Riverside Company , caps a busy first quarter for the massage service. The former CFO of MarketShare, Heyrick has helped the company expand to over 11,000 massage therapists in its network.

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Backing Culture Genesis, T.I. launches TechCypha, an investment syndicate for tech deals

TechCrunch LA

With an inaugural investment into the Los Angeles-based entertainment startup Culture Genesis , Clifford Harris Jr., ”, has launched a new syndicated investment vehicle called Tech Cypha. Launched by the music and cultural impresario with more hustle than hustle and his business partner Jason Geder, the new collaborative investment strategy focused on tech startups will allow high net worth individuals to participate in deals.

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Bonfire Ventures closes $60 million to invest in SoCal B2B startups

TechCrunch LA

Los Angeles is becoming one of the more interesting destinations for startups and the investors that provide money for venture capital firms to place bets on young companies are increasingly starting to take notice.

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SoCalGas Invests In Company

socalTECH

the subsidiary of Sempra Energy which provides natural gas to the Southern California market, said today that it has invested in. Size of the investment were not disclosed. The investment will go to bring Tecogen's technology to market. tecogen venture capital investment energy cleantech clean natural socalgas cogenerationSouthern California Gas Co. ,

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The Honest Company Gets $70M

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Los Angeles-based The Honest Company , the online, family products retailer led by serial entrepreneur Brian Lee, and which was co-founded by Jessica Alba, has raised $70M in a funding round, according to the company Tuesday. The funding brings the company''s total raised to $122M.

Clearlake's NetDocuments Gets New Investment

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According to NetDocuments, it has received a "significant" new equity investment from another private equity investor, Cove Hill Partners. Size and terms of that investment was not announced by the companies. According to NetDocuments, Cove Hill becomes a minority shareholder in the company. netdocuments private equity clearlake capital cove hill strategic venture investment document management software saas cloud

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Cornerstone OnDemand Invests In Four Companies

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Santa Monica-based ,a href="[link] OnDemand , the developer of cloud-based, talent management software, said this morning that it has made investments in four companies, from the Cornerstone Innovation Fund. Cornerstone OnDemand said the investments are first out of its new, strategic venture arm, which will invest in the next generation of cloud startups. Size of the investments in each company were not announced.

PeerStreet Drops Investment Minimums To $100

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Los Angeles-based PeerStreet , the startup which offers up investment opportunities in real estate backed loans, says it has dropped investment minimums on its service to just $100, when used with automated investments. The company says the drop in minimums is aimed at helping its individual investors better diversify their portfolio. PeerStreet has now had over $2 billion in transactions on its platform, as of March, according to the company.

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UST Global Buys Four Companies, Makes Investments

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Aliso VIejo-based UST Global , a provider of IT services and outsourcing, said today that it has acquired four different companies over the past six months expanding its workforce in the US, ASia, India, Europe, and Latin America. The company tsaid the acquisitions included Atlanta-based global software services company Xpanxion, and Milwaukee-based engineering solutions company Kanchi Technologies.

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Why Did I Invest in the Company Pose?

Both Sides of the Table

What I’d like to do is tell you the story of how the investment came to be, what my thesis is / was and share some thoughts on macro trends. I always try hard to make this blog a place where you can learn lessons rather than an advertisement for portfolio companies.

Why Has Seed Investing Declined? And What Does this Mean for the Future?

Both Sides of the Table

Seed investments are down by any measure (funds, deals, dollars) over the past 3 years in deals < $1 million AND in deals between $1–5 million. thus the rise of “pre seed” investing). It’s very noticeable in terms of funds raised, dollars invested and deals completed.

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Moonshots Capital Leads Investment In Backtracks

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The company said the funding will go towards product innovation and to staff key positions. Backtracks' co-founders are Jonathan Gill and Kevin Wright, who the company said have worked at such companies as Mozu, Dell, American Express, and Visa. moonshots capital backtracks startup venture seed funding podcasting audio podcast investment

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Several more real costs of taking outsider investments.

Berkonomics

Once a company founder has tapped the funds available from his or her resources and from friends and family, if the company needs more cash for growth, the most obvious next step is to look for money from angel investors and venture capitalists, typically in the $300,000 TO $3,000,000 range.

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What’s a company board good for, anyway?

Berkonomics

And good board members can add real value to you and the company. Importantly, these also help a board to cover the legal “duty of care” for the health of the company. The punch line: Investing in the creation of a governance board is not enough. A better company is the goal.

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. The venture capital firm--whose founders include Calvin Broadus (aka Snoop Dogg)--said it will specifically invest in agtech, health & wellness, financial services, technology, media, compliance and laboratory technology related to the legal cannabis industry.

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Where is the best source of early stage investment?

Berkonomics

If you have been following our recent insights, you’ll be up to speed knowing that professional investors negotiate tough terms, from provisions of control over asset acquisition, eventual sale of the company, future investments, forced co-sale when others attempt to sell their shares and more.

Invest 263

Early-stage investment firm Defy updates the venture partner model

TechCrunch LA

Defy , the early-stage venture investment firm founded by Neil Sequeira and Trae Vassallo, is putting a new twist on the venture partner model as it brings Brian Lee and Sujal Patel on board to help out with investing and guiding companies in the firm’s portfolio.

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How I Invest

Both Sides of the Table

I was speaking recently to the team at NuOrder , an LA-based company we’re an investor in about “realism in startups” — an impromptu talk I have given to any of our portfolio companies who ask. During the Q&A I was asked about how I make investment decisions in early-stage businesses. I know that sounds trite but it’s the best way I can describe my early-stage investments. If I don’t do both then it’s highly unlikely I will invest.

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Calibrate Ventures Raises $80M Investment Fund

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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. The firm said it is targeting initial investment of $5 million in companies generating revenue between $1 million and $5 million, and already has made investments in five companies, including Alpha, Broadly, Built Robotics, Embodied, and Soft Robotics.

Swell Rolls Out iOS App For Socially Responsible Investment

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Santa Monica-based Swell Investing , a startup which lets consumers invest in companies which meet socially responsibility, and "impact goals", has rolled out a new iOS app, which lets consumers invest in companies from their smartphone. Swell Investment, led by CEO Dave Fanger, says the app makes it as easy to invest in socially responsible companies as it is to use Instagram or Twitter.

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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. Financial details of the investment were not announced. The company''s software and associated services are used in the in-building wireless network design market.

CareFusion Invests $100M In Israeli Company

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San Diego-based medical device maker CareFusion said this morning that it has invested $100M in an Israeli medical device company, Caesarea Medical Electronics (CME). CareFusion said the investment will give it a 40 percent, minority stake in the Israeli maker of infusion and syringe pumps. CareFusion said that, as part of the investment agreement, it has the right to make additional investments in Caesarea--including becoming the majority owner of CME.

3L Capital Raises $217 Million Fund to Invest in Local Startups

L.A. Business Journal

Westwood-based growth equity investment firm 3L Capital announced July 8 it raised a $217 million equity fund to continue investing in local companies

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33 Tech Startups Make San Diego Venture Group “Cool Companies” List

Xconomy

It’s through that lens that the nonprofit organization, whose mission is to connect local startups with venture capitalists who are looking to invest, annually vets tech companies that apply for its “Cool Companies” program.

Wavemaker Three-Sixty Health Hits 20 Investments

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Wavemaker Three-Sixty Health , the healthcare startup investment fund led by Jay Goss, has now completed 20 early stage healthcare investments, after approximately one year of making investments, the fund said this week. According to the fund, 9 of the 20 investments it has made are Southern California companies, including Nicolette , Joany , Onramp Bio , Seqonce , Giblib , Evid Science , Health Tensor , Advekit , and Focus Motion.

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Lambs, the radiation-proof underwear company formerly known as Spartan, is now selling beanies

TechCrunch LA

and raised some capital from the Los Angeles-based investment firm, Science. Now the company has relaunched as Lambs and is adding a radiation-proof silver-lined beanie to its $29-per-pair underwear already on sale in the U.S.