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MaintenanceNet Gets Private Equity Funding

socalTECH

Carlsbad-based MaintenanceNet , which develops software used to manage maintenance and service contracts, announced Wednesday that it has raised a round of growth equity from private equity company Kayne Anderson Capital Advisors. maintenancenet private equtiy funding software growth service contract' READ MORE>>.

Equity 168
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Althea Technologies Gets $17M In Venture Debt

socalTECH

San Diego-based Althea Technologies , a provider of contract development and manufacturing for the life sciences market, has raised $17M in debt funding, according to financing provider Hercules Technology Growth Capital. HTGC is a provider of both venture debt and equity to VC and private-equity backed firms.

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Diversis Capital Raises $675M Fund

socalTECH

Los Angeles-based private equity investor Diversis Capital Management said this morning that it has raised a new, $675M fund. The new fund will primarily in businesses based in North America, and selectively in Europe and Australia, and is focused on focused control private equity investments in lower middle-market companies.

Capital 113
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Procore Technologies Finds $30M For Construction Project Management Software

socalTECH

Carpinteria-based Procore , the developer of construction project management software led by Craig "Tooey" Courtemanche, said this morning that it has raised $30M in a growth funding round. Procore develops cloud-based software which is used to manage large construction projects, using both the web and mobile phones. READ MORE>>.

Software 100
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Elevate Finds $25M For Legal Management Software

socalTECH

Los Angeles-based Elevate Services , a developer of enterprise, legal management software, has received $25M in an investment round, from private equity investor Kayne Partners, according to the two companies. According to Elevate, it has now deployed almost $60M in total for its efforts.

Software 124
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CoreObjects Acquired By Indian Firm

socalTECH

Los Angeles-based CoreObjects Software , a provider of software development to both startups and other firms, has been acquired. Symphony Services said the buy expands its offerings in product development and embedded product development. The company said CoreObjects has 55 active client contracts in the US, Europe, and India.

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6 Key Leaders Every Technical Startup Needs To Thrive

Startup Professionals Musings

Outsourcing your core competency does not work. Being the leader doesn’t mean more equity, nor does it mean the leader will necessarily be CEO. Young high-tech startups are at constant risk of forgetting that they actually need to sell the wonderful technology they invented. The industry veteran. The sales professional.