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$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 Rowe Price Tech Uber unicorn VC Venture Capital Virtual InstrumentsSeismic, 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.

The Minority Venture Capital Opportunity

Xconomy

If Reginald Lewis were a young man investing today, he wouldn’t be doing leveraged buyouts in traditional, bricks and mortar industries.

New VC Firm Blueprint Equity Puts $6M into Florida Software Company

Xconomy

A new venture capital firm, which in November marked its launch by raising a $53 million-plus fund to invest in startups, has made its first investment. Lewis was mostly recently with San.

This Week in Venture Capital – Episode 4

Both Sides of the Table

This was the first episode where Jason wasn’t on the show, which gave me the chance to have another VC on the show to discuss deals. Rustic Canyon is an LA-based, but geography-agnostic VC that is currently investing from a $200 million fund. VC Financings: 1.

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 in its first venture capital fund. revealed its fund in December, saying it invests in breakthrough industrial technologies, with a focus on manufacturing, materials, monitoring and measurement, and modeling.

Chatmeter Finds Private Equity Funding

socalTECH

San Diego-based Chatmeter , a provider of local search marketing and reputation management services for multi-location businesses, has raised a round of investment from private equity investor Providence Strategic Growth (PSG). Financial details of the investment were not announced. Providence Strategic Growth is the growth equity fund of Providence Equity Partners.

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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. However, in a bid to rejuvenate and re-energize the industry, a new effort-- Swarm --has just launched to bring together local software entrepreneurs, venture capital, and angel investors, in an attempt to bring new life to the region.

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. The funding came from Waud Capital Partners. According to the companies, George Ahn, Operating Executive at Waud Capital, has become ChiroTouch's new CEO, and has also joined the company's board as Vice Chairman.

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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

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. They also queried 15 VC firms. Venture capitalists are similarly cautious.

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.

VC Confidence Holds Steady in Quarterly Survey, But Reasons Change

Xconomy

That Q4 2016 edition of a quarterly survey by University of San Francisco business professor Mark Cannice rated the overall confidence of the VCs at 3.81

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.

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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

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. Those leases have become very popular as a way to reduce energy costs without a large capital outlay. oneroof energy venture capital suez cleantech solar photovoltaic

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Quality Built Lands Investment Round From LA's Gallant Capital Partners

socalTECH

San Diego-based Quality Built , a provider of third-party, quality-assurance services to the residential and commercial construction industry, has received a private equity investment from Los Angeles-based Gallant Capital Partners. Size of the investment was not announced. quality built investment venture capital gallant software analytics construction realestate

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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.

Talk of Broadcom Buyout of Symantec Puts Broader IT Focus Into View

Xconomy

Boston blog main National blog main San Diego blog main San Diego top stories San Francisco San Francisco blog main San Francisco top stories acquire Acquisition application development Atlas Ventures Boston Broadcom burlington Buyout buyouts CA Technologies chip maker Chipmaker chipmakers Committee on Foreign Investment in the U.S.

Bio Roundup: CRISPR Babies, Blood Diseases, Big Cancer Nod & More

Xconomy

This was one of those weeks when the world seemed to slip into a new era with no going back. A Chinese researcher, He Jiankui, claimed he helped bring to life two genetically engineered babies, twin girls with a gene disabled to make them immune to HIV infection.

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.

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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.

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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. billion in capital. capsule tech technology private equity venture capital medical device

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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.

Bio Roundup: Generic Drugs Graft, ASCO Ahead, ElevateBio Rises & More

Xconomy

Department of Justice Vedanta Biosciences Venture Capital Vertex Pharmaceuticals Warp Drive Bio William TongGeneric drugs are supposed to give consumers more choices and a counterweight to more costly branded medications. During his tenure as FDA commissioner, Scott Gottlieb often spoke about generics as a market force that could help tame climbing drug prices. But such tools only work when companies play fair.

Cybersecurity Startup MedCrypt Gets $750K to Defend Health Devices

Xconomy

MedCrypt, a healthtech cybersecurity startup founded near San Diego, has raised $750,000 in a seed financing round led by Safeguard Scientifics (NYSE: SFE ), a private equity fund in suburban Philadelphia that invests in healthcare, fintech, and digital media.

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New Survey Highlights “Lethargic Pace” of Healthcare Gender Equity

Xconomy

But women in the industry aren’t optimistic about big changes coming soon, according to a new report and survey from digital healthcare investment firm Rock Health. The San Francisco firm, which also issues reports and advocates for the growing sector at the intersection of health, data science, and mobile communication, says it surveyed more than 300 women for its annual gender diversity report.

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.

Dramatic Capital Inflows Continue in 2Q17… Trouble Ahead?

Xconomy

In an environment of microscopic interest rates, it is particularly interesting to read the Preqin 2Q17 Quarterly Update , which exhaustively tracks all things private equity and venture capital. In 2Q17 private equity funds raised nearly $121 billion across 206 funds; buyout.

Southern California Venture Investments Top $1.3 Billion In Q4

socalTECH

Venture capitalists invested more than $1.3 billion in Southern California startup, according to the latest MoneyTree Report issued by PricewaterhouseCoopers and the National Venture Capital Association last night, based on data from Thomson Reuters.

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How the Rise of Beijing and Shanghai Tech May Impact Silicon Valley

Xconomy

cities from San Francisco to Austin to Boston come first to mind. But that is starting to change, as Asian cities—particularly in China—are snapping up more tech venture capital funding and exits, according to a new report from CB Insights. When it comes to startup tech hubs, U.S.

JMI Equity Boosts Adknowledge In $200M Deal

socalTECH

San Diego-based private equity firm JMI Equity has backed Internet advertising firm Adknowledge , as lead on a $200M debt and equity financing round for that firm. Adknowledge, which is based in Kansas City, MO, said today that it raised $200M in debt and equity to fuel its growth and for future acquisitions, led by JMI Equity. As part of the investment, JMI Equity General Partner Brad Woloson has joined Adknowledge's board.

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UiPath Snags $225M To Expand Robotic Workforce for Businesses

Xconomy

Top venture capital firms continue to pour money into software robotics companies that promise to automate monotonous business operations, like processing mortgage applications, that are often performed by humans. That follows the $250 million raised in a Series A round announced in July by UiPath’s competitor Automation Anywhere , which is based in San Jose, CA.

Announcing Xconomy’s Agtech and Food Channel

Xconomy

At Xconomy, we have seen growing investments in the sector—both in a rash of new agtech startups and by bigger players such Monsanto, Bayer Crop Sciences, and Syngenta. The annual AgTech Investment Report from AgFunderNews found that investment in agriculture and food-related technology startups alone hit $4.6

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.

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