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Parchment Acquired By Brentwood Associates

socalTECH

Parchment , a company which provided records management, transcripts, grades, and other information for the K-12 and other markets--and which has its roots in the LA area--has been acquired by Brentwood Associates. Financial terms of the acquisition were not announced.

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MobLab Finds Funding For Personalized Learning

socalTECH

Pasadena-based MobLab , a new startup which develops personalized learning software for the education market, has scored a round of funding, the company said today. Nikou is the founder, managing partner, and CEO of private equity investment firm OpenGate Capital.

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Bill Gross Backs Startup Idea Marketplace IdeaMarket

socalTECH

According to the startup--which is based in San Francisco--it will let participants in the process share in equity and other profits from those companies.

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MindBody Raises $50M

socalTECH

The company--which develops software-as-a-service which helps local businesses manage scheduling, staff management, point of sale, ecommerce, marketing, and more--said the funding came from Bessemer Venture Partners, Institutional Venture Partners, Catalyst Investors, W Capital Partners and Montreux Equity Partners. READ MORE>>.

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Rubicon Project: LA's Next IPO?

socalTECH

Rubicon is venture backed by News Corporation, Clearstone Venture Partners, IDG Ventures Asia, Mayfield Fund, NBC Universal's Peacock Equity Fund and Jarl Mohn. READ MORE>>.

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KPCB has already blown through much of the $600 million it raised last year

TechCrunch LA

Kleiner Perkins , one of the most storied franchises in venture capital, has already invested much of the $600 million it raised last year and is now going back out to the market to raise its 19th fund, according to multiple sources. Speaking onstage at the Upfront Summit, an event at the Rose Bowl in Pasadena, Calif. ”

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Decoding Signal From Noise For Wall Street, With Bitvore

socalTECH

That data--if you could just find the right piece--could be useful in a number of areas, particularly in the financial markets. Whether that''s for competitive analysis or market analysis, our product is basically able to monitor--on a very large scale--things that are important to your particular company.