JMI Equity Promotes Two In San Diego

socalTECH

San Diego- and Baltimore-based private equity investor JMI Equity announced a number of promotions this morning, including promoting two individuals in San Diego. According to JMI Equity, it has promoted Sureel Sheth to Principal and Chase Thomet to Vice President in San Diego, in addition to naming a number of new partners and principals out of its Baltimore office. JMI Equity makes growth equity investments in software companies.

$100M Round Turns San Diego’s Seismic into Region’s Newest Unicorn

Xconomy

The venture investment, which the San Diego startup announced Tuesday, is one of only a few so-called mega-rounds—$100 million or more—recorded this year in the region. (In Seismic, an enterprise software company with ambitious growth plans, has raised $100 million in a Series E financing and added Microsoft chairman John W. Thompson to its board of directors.

JMI Equity Leads $35M Investment In Lytics

socalTECH

San Diego-based private equity investor JMI Equity is the lead investor in Lytics , a developer of marketing personalization software, in a $35M, Series C investment announced by Lytics on Thursday. Lytics--which is based in Portland, Oregon--said the funding was led by JMI Equity, and also included existing investors Comcast Ventures, Two Sigma Ventures, Rembrandt Venture Partners and Voyager Capital.

Equity 109

Anzu Partners, With Offices In San Diego, Raises $128.4M Venture Fund

socalTECH

Anzu Partners , a venture capital and private equity investors focused on industrial technology with offices in the San Diego area, has quietly raised $128.4M revealed its fund in December, saying it invests in breakthrough industrial technologies, with a focus on manufacturing, materials, monitoring and measurement, and modeling. anzu partners diego venture capital private equity carl eibl enterprise connect lajolla

Swarm Aims To Rejuvenate San Diego's Software Industry

socalTECH

It hasn''t been a great few months for San Diego''s software and technology industry, as the city has seen three, big software companies move their operations, and thousands of jobs, to Texas. According to Swarm, although San Diego has seen growth in investments in local software companies, it has been falling behind such cities as Austin and Phoenix, which have been growing much faster. growth investment industry software diego swarm

ChiroTouch Gets Private Equity Investment

socalTECH

San Diego-based ChiroTouch , a developer of electronic health records and practice management software for the chiropractic market, has raised a round of private equity funding. chirotouch private equity health records practice management venture capital lifescience softwareThe funding came from Waud Capital Partners. Size of the funding was not announced.

Equity 109

JMI Equity Invests In Arena Solutions

socalTECH

San Diego-based private equity investor JMI Equity has made an investment in Foster City, California-based Arena Solutions , the two said this morning. Size of thee investment was not announced. Arena said the strategic growth equity investment will further its growth. Brian Hersman, General Partner at JMI, as well as Suken Vakil, Principal at JMI, will join Arena's Board of Directors as a result of the investment.

Equity 109

San Diego Clean Technology CEOs Line Up Against Proposition 23

socalTECH

The fight over Proposition 23, the California referendum coming to the polls to overturn AB32, has more backers today, from a group of 30 San Diego CEOs. According to The Green Chamber of San Diego County and those CEOs, they are urging San Diegans to vote no on Proposition 23, saying that the effort to repeal the state's Clean Energy Law would be "be harmful at best and devastating at worst" to its business community, neighborhoods, and the California economy.

Kopari Beauty Gets Private Equity Investment

socalTECH

San Diego-based e-commerce beauty brand Kopari Beauty said this week that it has received a private equity investment from LCatterton, along with celebrities Karlie Kloss, Shay Mitchell, Hilary Duff, Mila Kunis, and Ashton Kutcher. capital venture ecommerce fashion beauty kunis mila kloss karlie kutchton ashton lcatterton investment equity private kopari

Equity 109

JMI Equity Backs Jvion's Healthcare AI Software

socalTECH

San Diego- and Baltimore-based private equity investor JMI Equity is the lead backer of a developer of artificial intelligence software for the healthcare industry this morning. Jvion , a developer of clinical decision support software, said on Thursday that it received a "significant" growth equity investment for the startup, to expand its healthcare AI and prescriptive analytics platform.

Equity 109

JMI Equity Promotes Two

socalTECH

San Diego- and Baltimore-based private equity investor JMI Equity announced this morning that it has made two promotions. Chang is in San Diego, and has been at JMI Equity since 2013. equity executive larry controlla paul chang private investmentThe company said it has named Larry Contrella as Principal at the company, and named Paul Chang as Vice President. Contrella is based in Baltimore, and has been at the firm since 2010.

Equity 109

San Diego Colo Provider Acquired By Private Equity Firm

socalTECH

San Diego-based American Internet Services, a Internet data center co-location provider, said Tuesday that the firm has been acquired by an investor group lead by private equity firm Seaport Capital. The company did not disclose terms of the acquisition, but said that other investors in the acquiring group were Viridian Investment Partners and DuPont Capital Management.

JMI Equity Invests In PointClickCare

socalTECH

San Diego- and Baltimore-based private equity firm JMI Equity has invested in PointClickCare , a developer of electronic health records software for the long-term care industry. PointClickCare said the minority strategic investment will go towards organic and inorganic growth. JMI Equity Founder and Managing General Partner Harry Gruner joins PointClickCare's board as part of the funding.

Equity 126

Cybersecurity Firm Proficio Raises $12M in Private Equity Round

Xconomy

Proficio, a Carlsbad, CA-based startup providing cybersecurity protection services for middle market companies, has raised $12 million in an investment round led by Kayne Anderson Capital Advisors. The Los Angeles-based private equity firm provided funding from its Kayne Partners Fund Group, which invests in high-growth technology businesses.

DealerSocket Gets Investment From Vista Equity Partners

socalTECH

San Clemente-based DealerSocket , a developer of software-as-a-service for the automotive industry, said Tuesday that it has entered into a strategic investment partnership with private equity firm Vista Equity Partners. Financial terms of the investment were not disclosed. DealerSocket said that it will use the investment to accelerate growth and invest in products, services, and operational scale at the company.

Equity 100

JMI Equity Invests In Studer Group

socalTECH

San Diego-based private equity firm JMI Equity has invested in Studer Group , a provider of healthcare performance improvement services for hospitals and medical groups. Size of the investment was not disclosed. Financial details of the investment were not disclosed. equity studer group healthcare performance improvement services hospital lifescience

Equity 122

JMI Equity Names New General Partners

socalTECH

San Diego- and Baltimore-based private equity investor JMI Equity announced this morning that it has promoted Suken Vakil and Randy Guttman to General Partner. Vakil is based in San Diego, and Guttman is based in Baltimore. Vakil has been at JMI since 2012, and was most recently serving as a Principal; he helped invest in Applied Systems, Arena, Avecto, Code42, Internet Brands (acquired by KKR), Intradiem, and Seismic.

Equity 100

ViaCyte Raises $80M to Prep for the Clinic Now, Perhaps an IPO Later

Xconomy

The financing, a Series D round of investment, includes so-called crossover investors that back both public and private companies. CEO Paul Laikind told Xconomy that these investments set up his San Diego company to consider going public in the future.

JMI Equity Raises $1 Billion Fund

socalTECH

San Diego-based private equity investor JMI Equity said Wednesday that it has closed on a new, $1 billion growth equity fund, JMI Equity Fund VIII. JMI Equity said the new funds will go towards investments in rapidly growing, high quality software businesses. JMI''s prior investments include such companies as ServiceNow, Eloqua, Axeda, and Autotask, among others. equity venture capital private investment finance financial

Equity 125

OneRoof Energy Gets New Equity Investment

socalTECH

San Diego-based solar power financing company OneRoof Energy reports this morning that it has received an investment from GDF SUEZ Energy North America. Financial terms of the investment were not announced, hwoever, OneRoof Energy said the deal gives GDF SUEZ a minority position in the company. GDF SUEZ is a major energy company.

Equity 131

EcoATM Parent Outerwall Acquired By Private Equity Investor

socalTECH

Outerwall , the parent company of San Diego's EcoATM , has agreed to a private equity buyout by Apollo Global Management , about five months after Outerwall launched an effort to find a buyer. EcdoATM is a San Diego company which operates cell phone recycling kiosks at malls and other locations across the nation, and had been the target of activist investors, unhappy with that unit's financial performance.

Equity 109

Private Equity Investors Have $740 Billion to Spend, Driving Valuations

Xconomy

Private equity investors have more capital at their disposal than at any time in more than a decade, which could boost prices for companies seeking acquisitions. 1, private equity firms in North America and Europe had secured $212.6 As of Aug. billion in new commitments this year, on pace to eclipse the “already stellar” fundraising year they had in 2016, according to a new report and analysis out Thursday from Seattle-based PitchBook.

Are You Being Deliberate About Diversity in Your Investment Portfolio?

Xconomy

I have heard all of these reasons, and more, from various leaders trying to justify the lack of diversity in their investment portfolios and business deals or leadership teams. “We looked, but we couldn’t find any companies to acquire led by women or founders of color.” “I

With New Cash, Sensemetrics Aims to Take Industrial IoT Tech Global

Xconomy

San Diego startup Sensemetrics is applying that technology to the industrial Internet-of-things sector (IIoT), selling access to its cloud platform to the world’s largest mining companies and government agencies monitoring major infrastructure, such as dams. On Tuesday, Sensemetrics announced it has closed its first institutional funding round, which it is calling its Series A investment.

Mitchell International Gets Private Equity Funding

socalTECH

San Diego-based Mitchell International , a provider of technology and information products for the property and casualty and collision repair industries, has scored a private equity funding from Stone Point Capital. Size of the investment was not announced. According to the companies, Stone Point Capital is acquiring the equity position in Mitchell currently held by KKR> and Elliott Management.

Equity 100

JMI Equity Backs BrightLine

socalTECH

San Diego-based private equity firm JMI Equity has backed a provider of marketing services for the interactive TV market. According to New York-based BrightLine , it has scored a strategic growth investment from JMI Equity, with JMI Equity's General Partner Brad Woloson joining the company's board of directors. Size and financial details of the investment were not disclosed.

Equity 130

Vista Equity Sells Majority Of Websense To Raytheon

socalTECH

Vista Equity Partners the private equity firm which as been gobbling up San Diego high tech companies and moving them to Texas--has agreed to sell 80 percent of Websense to defense company Raytheon , the three said today. The two said that Raytheon will invest $1.57 Vista Equity will also invest another $335M in the companies for a 19.7 percent equity stake in the new company.

Equity 153

JMI Equity Backs Capsule Tech

socalTECH

San Diego-based private equity firm JMI Equity has backed a developer of medical device technology, Capsule Tech , the firms announced today. Terms of the strategic investment were not announced. Capsule Tech said it has named Gene Cattarina as its CEO as part of the investment. capsule tech technology private equity venture capital medical device

Equity 126

Power Digital Marketing Picks Up Funding Round

socalTECH

San Diego-based Power Digital Marketing , a digital marketing agency has raised a round of funding, from private equity investor Periscope Equity. Financial details of the investment were not announced. investment agency equity private capital venture marketing digital powerPower Digital Marketing is led by CEO Grayson Lafrenz and co-founder Robert Rodrigues.

SEO 109

Forge Therapeutics Raises $15M to Take on Drug-Resistant Superbugs

Xconomy

San Diego-based Forge says it has raised $15 million to support its efforts. MagnaSci Ventures, a Houston-based investment fund focused on early-stage life science companies, led the Series A round of financing.

JMI Equity Boosts CouponCabin.com

socalTECH

San Diego-based JMI Equity is the lead investor in a first round of funding for online coupons site CouponCabin.com , which said Thursday evening that it has raised $54M in a funding round from JMI Equity. As part of the deal, JMI Equity's Brad Woloson has joined CouponCabin.com's board of directors, which also includes CEO Scott Kluth and Chip Hardt, formerly of McKinsey & Company. capital venture code savings coupons investment couponcabin equity

Equity 100

Southern California Venture Investments Top $1.3 Billion In Q4

socalTECH

Venture capitalists invested more than $1.3 billion in investments in Los Angeles, near $125M in Orange County, and $106.6M in investments in San Diego. raised by SnapChat , and $320M in an investment in NantHealth.

Invest 242

Despite Low Crop Prices, Corporate and VC Agtech Investments Soar

Xconomy

Prices for agricultural commodities such as corn, soy, and wheat are at their lowest levels in years, but investment in agricultural technology has never been better. Just 10 percent of corporate investments were made to build new technological capabilities, the report says.

California Accelerators Enroll Startups Targeting Cannabis Industry

Xconomy

On Monday, nine startups began a 16-week program at Canopy San Diego , a new accelerator program for seed-stage companies developing new technologies, products, and services to support the legal cannabis industry.

Magnolia Medical Captures $20M to Reduce Blood Culture Contamination

Xconomy

Magnolia Medical Technologies , a Seattle-based manufacturer of devices for collecting blood and bodily fluids, announced this week it has raised $20 million in equity funding to ramp up sales of its flagship product.

News 63