Tue.Jan 10, 2017

article thumbnail

MobileCause Raises $15M For Nonprofit Software

socalTECH

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.

Software 149
article thumbnail

Silicon Beach Report Jan. 10: Snap Inc. Places International Headquarters in London

L.A. Business Journal

Snap Inc. places international headquarters in London, Lionsgate invests in e-sports team Immortals, and crowd-finance startup MobileCause raises $15 million.

Report 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Moonshots Gets Big Exit At Harvest.ai

socalTECH

Los Angeles-based venture investment firm Moonshots Capital , which is led by Kelly Perdew, has seen a big exit via the acquisition of San Diego's Harvest.ai by Amazon Web Services. The deal, which has not yet been formally announced, was reportedly worth around $20M. Moonshots and fellow investors, including Trinity Ventures, had invested only $2.3M in Harvest.ai, which develops cybersecurity software aimed at data loss prevention.

San Diego 126
article thumbnail

VC Activity Continues Slowdown in Fourth Quarter, and Top 10 Deals

Xconomy

Venture capital firms didn’t exactly take their foot off the accelerator, but the pace of VC investments continued to weaken in the three months that ended in December, extending a slowdown that began in July, according to two venture reports issued today. The deceleration followed a strong start to venture activity during the first half of 2016, but was chalked up as a “return to normalization” in the Venture Monitor report released by Seattle-based PitchBook and the National Venture Capital As

article thumbnail

Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

article thumbnail

Lionsgate Backs eSports Team, The Immortals

socalTECH

In a further boost to the growing e-sports industry, movie studio Lionsgate announced this morning that it has made an investment in the e-sports franchise Immortals. Size of the investment was not announced. Immortals is the team which is backed by such investors as Michael Milken, Steve Kaplan OakTree Capital, Memphis Grizzlies), Greg Milken, Allen DeBevoise, CrossCut Ventures, Clinton Foy, and many, many others.

article thumbnail

Protecting America’s Tech Prowess Amid the Hostile Rhetoric of 2017

Xconomy

With the inauguration of Donald Trump as president on January 20th, the editors asked some of our Xconomists to offer their thoughts on “How could the incoming administration significantly affect your industry?” My biggest concern would be a failure to recognize and take full advantage of the fact that America’s biggest asset is its technological prowess.

More Trending

article thumbnail

Snap Inc: No, We Don't Have A New HQ In London

socalTECH

Venice, California-based Snap, Inc. , the parent company of Snapchat , said on Tuesday that it has not established a new international headquarters in London--despite media reports. The company said it has "one HQ, in Venice", and the changes in London simply involved billing advertising revenue in the UK through a UK entity. The change will allow the company to pay taxes in the UK, according to the company, so that it can be a "good local partner as we grow our business.

Venice 109
article thumbnail

March Capital Partners Backs Activehours

socalTECH

Los Angeles-based venture investor March Capital Partners , the investment firm run by Jim Armstrong, Sumant Mandal, Gregory Milken, and Jamie Montgomery, has made an investment in Activehours , a new startup offering up early access to paychecks. Activehours, based in Palo Alto, said it had raised $22M in a funding round, which was led by Matrix Partners, and also included March Capital Partners, plus existing investors Ribbit Capital, Felicis Ventures, and others.

Capital 109
article thumbnail

PSI Services Buys Software Secure

socalTECH

Burbank-based testing software and services provider PSI Services announced this morning that it has acquired Software Secure , a provider of cloud-based, online testing services for the higher education, K-12, and certification markets. Financial details of the acquisition were not disclosed. The acquisition is the second for PSI in the area in the last two years; the company had earlier acquired Innovative Exams, a similar provider of remote testing services to the industry; the company also a

Services 109
article thumbnail

Sonos Founder MacFarlane Steps Down As CEO

socalTECH

John MacFarlane , the founder and CEO of Santa Barbara-based music system maker Sonos , has stepped down as CEO, and has handed over the CEO position to Patrick Spence , MacFarlane announced on Tuesday. According to MacFarlane, he will remain an employee of Sonos, where he will "help and advise" the company, and also focus on STEM education. Spence has been President of Sonos since July of 2016, and had joined Sonos in 2012 as Chief Commercial Officer.