socalTECH

MARCH 29, 2017

Santa Monica-based Arrowroot Capital , an investment firm focused on investing growth equity in growing software-as-a-service and internet-based businesses, has launched an effort to raise $175M in its third fund, Arrowroot Capital III, LP. The firm, led by managing director Matthew J. READ MORE>>.

Invest 100

Invest Capital Funding Southern California 100

socalTECH

JULY 8, 2019

Perforce Software , a developer of software used by developers to manage their software source control and DevOps--which is backed by Santa Monica-based Clearlake Capital Group--has scored a new round of funding, the company announced this morning. Clearlake first made its investment in Perforce in late 2017.

Software 113

Software Capital Funding Santa Monica 113

socalTECH

MAY 10, 2018

Santa Monica-based private equity investor Arrowroot Capital has invested $38M in big data and analytics software developer ClickFox , according to a regulatory filing from ClickFox this week. The funding, without financial details, was announced on April 30th. in the funding round. READ MORE>>.

Capital 100

Capital Invest Santa Monica Equity 100

socalTECH

NOVEMBER 6, 2017

Santa Monica-based private equity investor Clearlake Capital has led a $65M investment round in risk management application developer MetricStream , Clearlake said this morning. Clearlake said the funding also included EDBI, Goldman Sachs, Sageview Capital, and others.

Capital 113

Capital Funding Santa Monica Equity 113

socalTECH

JANUARY 3, 2013

Silicon Valley law firm Cooley LLP made some big waves in July with an expansion into "Silicon Beach" and a new office in Santa Monica. It's unclear how and if the new venture fund will invest in any of the firm's new Silicon Beach clients. READ MORE>>.

Funding 200

Funding Santa Monica Invest Equity 200

socalTECH

JUNE 17, 2020

Santa Monica-based drone data management software developer DroneBase announced on Wednesday morning that it has raised $7.5M in a Series C funding. DroneBase has now raised a total of $32M in funding. DroneBase is led by CEO and Founder Dan Burton. READ MORE>>.

Santa Monica 113

Santa Monica Venture Capital Equity Software Development 113

socalTECH

SEPTEMBER 27, 2013

Santa Monica-based Beats Electronics , the audio accessories brand founded by Dr. Dre and Jimmy Iovine, said today that it has received a minority investment from The Carlyle Group. The investment came from Carlyle Partners V, Carlyle''s $13.7 billion buyout fund. Financial terms of the deal were not announced.

Invest 124

Invest Santa Monica Venture Capital Equity 124

socalTECH

MARCH 9, 2018

Santa Monica-based Bird , which operates a network of "last mile" electric vehicles for connecting users with public transportation like buses and subways, has raised $100M in a Series B funding, the company said on Friday. City Operations. READ MORE>>.

Santa Monica 113

Santa Monica UCLA Venice San Diego 113

socalTECH

OCTOBER 2, 2012

Santa Monica-based ShoeDazzle , the online e-commerce and celebrity site that is back in the hands of Brian Lee, and whose co-founders include Kim Kardashian, has raised $6.0M in a combination of equity and debt, according to a regulatory filing from the firm Tuesday. READ MORE>>.

Funding 150

Funding Santa Monica Commerce Equity 150

L.A. Business Journal

MARCH 9, 2018

Santa Monica-based Bird, an electric vehicle sharing company, announced a $100 million Series B funding round on March 9. Valor Equity and Index Ventures were the primary investors, while Craft Ventures and Goldcrest increased their existing investments.

Santa Monica 100

Santa Monica Equity Invest Funding 100

socalTECH

AUGUST 23, 2017

Santa Monica-based venture investor Mucker Capital is one of the investors in a developer of fraud prevention and identity verification software, which uses email address scoring. Arizona-based Emailage said on Wednesday that it had raised $10M in a growth equity investment. READ MORE>>.

Capital 113

Capital Santa Monica Email Equity 113

socalTECH

NOVEMBER 9, 2017

Santa Monica-based enterprise software developer Cornerstone OnDemand has raised $300M in a strategic investment from private equity investor Silver Lake, according to the company. In conjunction with the investment, publicly held Cornerstone OnDemand said it will launch a $100M share repurchase program.

Silver Lake 113

Silver Lake Cornerstone OnDemand Software Review Santa Monica 113

socalTECH

AUGUST 9, 2018

Santa Monica-based business outsourcing service provider TaskUs , founded by Bryce Maddock and Jaspar Weir, said this morning that it has raised $250M in an investment round. The investment came from private equity investor Blackstone Group. According to TaskUs, the funding round values the company at $500M.

Outsource 100

Outsource Santa Monica Social Media Commerce 100

socalTECH

AUGUST 23, 2018

Santa Monica-based business process outsourcing provider TaskUs says it is expanding its operations again, this time, in Albuquerque, New Mexico. TaskUs says it will invest $9M in a new downtown location in Albuquerque. TaskUs just raised a giant, $250M funding round from private equity investor Blackstone Group.

Southern California 100

Southern California Outsource Santa Monica Equity 100

socalTECH

NOVEMBER 14, 2012

Santa Monica-based solar energy project developer SolarReserve has raised $586M in a combination of equity and debt, for two South African projects, according to reports today.

Santa Monica 164

Santa Monica Equity Ideas Report 164

socalTECH

OCTOBER 12, 2017

Santa Monica-based private equity investor Clearlake Capital , along with Valor Equity Partners , StepStone Group , Palladium Equity Partners , and MoonSail Capital , have launched an effort to raise $10M in funding to help humanitarian efforts in Puerto Rico in the wake of Hurricane Maria.

Capital 113

Capital Santa Monica Equity Report 113

socalTECH

AUGUST 19, 2010

Santa Monica-based ThisNext , the online social shopping and product discovery site now being run by Matt Edelman, has raised $1.2M in a round of funding, according to a regulatory filing from the firm today. According to the filing, the first investment in the round was August 4th, and included equity, options, and warrants.

Funding 153

Funding Anthem Clearstone Santa Monica 153

socalTECH

JULY 6, 2010

An analysis of Q2's venture capital deals and investment activity in Southern California find that venture capitalists invested around $1.6 billion invested in Q1, and up from $1.0 in investment), Energy ($190.2M in investments) and Medical Deviecs ($128.1M in investments in Q2). billion in Q2 of last year.

Southern California 195

Southern California Westlake Village Invest Tech Coast Angels 195

socalTECH

DECEMBER 30, 2016

In 2016, our Santa Monica office more than doubled market share of early-stage companies. Rob Freelen: The best lesson I learned in 2016 is that a well-managed company can succeed in any funding environment. In the interest of full disclosure, Headspace is a client of SVB Santa Monica. Rob Freelen: Focus.

Santa Monica 124

Santa Monica Southern California Venture Capital SoCalTech 124

socalTECH

APRIL 4, 2014

Santa Monica-based buyout fund HandsOn3 said Thursday that it has acquired BancTec , a business process outsourcing (BPO) company based in Dallas, Texas. HandsOn3 said it invests in business process services, big data mining, and industrial services. Financial terms of the buy were not disclosed. READ MORE>>.

Outsource 138

Outsource Santa Monica Equity Acquisition 138

socalTECH

JUNE 24, 2011

CalPERS (the California Public Employees' Retirement System), one of the biggest limited partners in venture capital funds, has released its best and worst performing venture capital and private equity funds as of December 31st, showing that two Southern California venture funds were tops in terms of internal rates of return (IRR).

Clearstone 220

Clearstone Avalon Southern California Santa Monica 220

socalTECH

MARCH 26, 2014

Sequoia Capital''s Douglas Leone, was placed at number six for his role in funding San Diego''s ServiceNow ; Bessemer''s Byron Deeter was ranked #36 due to his role in funding Santa Monica''s Cornerstone OnDemand ; Stephen Jurveston, of Draper Fisher Jurvetson, was ranked at #59 for his investment in Hawthorne-based SpaceX.

Southern California 159

Southern California Cornerstone OnDemand SoCal San Diego 159

socalTECH

JULY 18, 2013

Santa Monica-based content delivery network EdgeCast has just filled up its warchest, announcing Thursday that it has raised $54M in a big funding round. The new funding was led by Performance Equity Management, and also included existing investors Menlo Ventures and Steamboat Ventures. READ MORE>>.

Content 150

Content Steamboat Ventures Santa Monica Venture Capital 150

socalTECH

APRIL 12, 2017

Wallach on investments out of a new fund, Inevitable Ventures. How did you end up here in Los Angeles doing investments? Coincidentally, that was the exact same time in 2009 when I moved out, when Ashton Kutcher started first investing. Ron chose me to manage those investments. Chris Hollod: For sure.

Invest 157

Invest Startup Hollywood Echo Park 157

socalTECH

MAY 8, 2017

Santa Monica-based equity crowdfunding site Crowdfunder is making it easier for it to work with investors, saying on Monday that it has just received its broker-dealer license to sell securities directly to accredited investors. Crowdfunder said the move will help create a "more seamless solution" for its customers.

Clearstone 113

Clearstone Draper Santa Monica Venture Capital 113

socalTECH

MAY 25, 2016

Santa Monica-based March Capital Partners (www.marchcp.com) has just announced a brand new, $240M venture investment fund, led by longtime venture investing veterans Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery. What is the investment focus for this fund?

Southern California 113

Southern California Capital Funding Invest 113

socalTECH

SEPTEMBER 7, 2011

Santa Monica-based TrueCar , the automotive pricing website headed by Scott Painter, said this morning that it has raised $200M in new debt and equity financing, plus acquired a company. TrueCar said the financng round included USAA, Capricorn Investment Group and GRP Partners, all existing investors in the firm.

Truecar 190

Truecar GRP Partners Santa Monica Pricing 190

socalTECH

JANUARY 26, 2011

Los Angeles-based growth equity investor Vicente Capital Partners officially announced today that it has led a SEries C investment in Santa Monica-based Campus Explorer , the fifth investment from its Growth Equity Fund. The funding had been disclosed in December, and was worth $5M.

Capital 124

Capital Santa Monica Equity Los Angeles 124

socalTECH

OCTOBER 11, 2011

Another investor has surfaced in the latest funding round for Santa Monica-based TrueCar , the online automotive pricing and research firm headed by Scott Painter. Keating said it contributed $3M in the funding round. Major investors in the funding were USAA, Capricorn Investment Group and GRP Partners.

Truecar 124

Truecar GRP Partners Santa Monica Pricing 124

socalTECH

FEBRUARY 16, 2012

Santa Monica-based CODA Automotive , the developer of electric vehicles and battery systems, has raised $21.5M in new, equity funding, with plans to raise a total of $150M, according to a regulatory filing by the firm this week. The funding is on top of the $150M in its latest round, which it closed in September.

Southern California 127

Southern California Santa Monica Equity Funding 127

socalTECH

OCTOBER 12, 2010

Santa Monica-based venture capital firm Rustic Canyon Partners has upped its investment in social games firm PlayFirst , which is based in San Francisco. According to PlayFirst, Rustic Canyon, Mayfield Fund, Trinity Partners, and DCM--all current investors in the game developer--have invested $5.2M in debt.

Rustic Canyon 145

Rustic Canyon Santa Monica Venture Capital Equity 145

socalTECH

SEPTEMBER 25, 2012

Wellington Financial said the debt will go towards growth capital, and came in conjunction with the recent, $47M round of equity funding for SmartDrive. SmartDrive is venture backed by Oak Investment Partners, New Enterprise Associates, and Stanford University, and is headed by Steve Mitgang. READ MORE>>.

Santa Monica 113

Santa Monica San Diego Equity Capital 113

socalTECH

DECEMBER 14, 2009

Michael Kim , a partner at Santa Monica-based Rustic Canyon Partners , is departing the firm at the end of the year to startup up a new fund-of-funds, Cendana Capital. Kim was based in Silicon Valley.

Rustic Canyon 133

Rustic Canyon Santa Monica Venture Capital Equity 133

socalTECH

JUNE 15, 2010

Santa Monica-based Zag , the online auto buying software firm headed by Scott Painter, has raised $11.1M in a new equity funding round, according to a regulatory filing by the firm Tuesday afternoon. Source and details on the funding have not yet been announced by the company. READ MORE>>.

Zag 154

Zag GRP Partners Anthem Santa Monica 154

TechCrunch LA

APRIL 6, 2020

metro area, San Diego and Santa Monica. This week, we’ll highlight Via’s Series E funding round that was led by Exor. Noam Ohana, who heads up Exor Seeds, the holding company’s early-stage investment arm, will join Via’s board. The on-demand shuttle startup raised $400 million, TechCrunch learned.

Layoffs 136

Layoffs Startup Newsletter Santa Monica 136

socalTECH

SEPTEMBER 23, 2019

Editor's note, TuesdayNights is running its Impact Conference in Santa Monica on Friday, where we are a Media Partner) Photo: Left, Melinda Moore and Right, Justine Lassoff. You've got to do your research, and take the time so you're not meeting with investors who never invest in your sector. What is TuesdayNights?

Help 224

Help Entrepreneur Capital Startup 224

socalTECH

AUGUST 8, 2010

Santa Monica-based Demand Media , the online media firm run by Richard Rosenblatt, has finally filed for its long awaited IPO. Morgan Stanley, UBS Investment Bank, Allen & Company LLC, Jefferies & Company, Stifel Nicolaus Weisel, RBC Capital Markets, Pacific Crest Securities, Raine Securities, and JMP Securities.

Demand 184

Demand Media .Net Santa Monica 184