socalTECH

JULY 28, 2021

Santa Monica-based Inspire Energy Capital, a provider of renewable energy to the residential market, has been acquired by oil and gas giant Shell, the companies said Tuesday afternoon. Financial details of the acquisition were not announced. Inspire offers up renewable energy subscriptions to customers.

Capital 203

Capital Santa Monica Acquisition Equity 203

socalTECH

JUNE 25, 2021

Santa Monica-based Revolution Prep, an academic testing and tutoring preparation company, has scored private equity funding from Apax Digital Fund. Size of the funding was not announced. According to Apax Digital, the new funding will go to expand Revolution Prep's offering and to increase access to its online tutoring services.

Funding 200

Funding Santa Monica Equity Services 200

L.A. Business Journal

JUNE 22, 2020

the Santa Monica-based meditation app developer, has raised an additional $47.7 million in equity from 10 investors for its Series C funding round. Headspace Inc.,

Santa Monica 179

Santa Monica Equity Funding Develop 179

socalTECH

JUNE 16, 2009

Santa Monica-based SharesPost , a new startup out of Scott Painter's BrightHouse incubator, said Tuesday morning that the firm has launched on online platform which will match buyers and sellers of private equity. Tags: brighthouse painter scott marketplace stock private equity sharespost. READ MORE>>.

Equity 113

Equity CarsDirect Zag Incubator 113

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

OCTOBER 5, 2020

Santa Monica-based Wilshire Associates , which provides investment, consulting, and technology advisory services, has been acquired by a pair of private equity investors. CC Capital and Motive Partners said last week they have acquired Wilshire Associates.

Equity 113

Equity Santa Monica Invest Capital 113

socalTECH

JANUARY 27, 2010

Santa Monica-based The Search Agency joins a number of privately held, Southern California firms this week reporting strong growth in 2009. The Search Agency is backed by private equity firm JMI Equity. The firm said the growth came as a result of increasing demand for the firm's online marketing services. READ MORE>>.

Search Engine Optimization 185

Search Engine Optimization SEM Southern California SEO 185

socalTECH

SEPTEMBER 14, 2021

Santa Monica-based fintech startup Grow Credit, which helps consumers build their credit score through payments for subscription services, said on Tuesday that it raised $106M in a combination of equity and debt. in equity, and $100M in debt. The funding included $6.3M

Equity 113

Equity Santa Monica Commerce Funding 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

MARCH 8, 2010

Santa Monica-based US Renewables Group , a private equity firm focused on renewable power, biofuels, and clean technology, said this morning it has created a new company, Westerly Wind LLC , to provide capital and expertise to developers of wind power systems. READ MORE>>.

Rustic Canyon 170

Rustic Canyon Santa Monica Equity Venture Capital 170

socalTECH

MAY 17, 2013

In some what-did-our-spam filter eat-recently funding news, Santa Monica-based Privlo recently raised $2.1M Slavin was previously a developer of real estate in the Los Angeles area, and according to the firm is a managing partner at private equity firm Napias Group.

Chief Technology Officer 215

Chief Technology Officer CitySearch Ticketmaster Santa Monica 215

socalTECH

MARCH 3, 2021

Santa Monica-based NextCar, the newest automotive-focused startup led by startup veteran Scott Painter, is gearing up for the launch of the company, saying this week that it has named a senior management team.

Truecar 203

Truecar Santa Monica Equity Design 203

socalTECH

MAY 7, 2010

Santa Monica-based The Search Agency , which is headed by David Hughes, was listed at number 12, and San Diego-based Covario , which is run by Russ Mann, was listed at number 25. The Search Agency is backed by private equity firm JMI Equity; Covario is venture backed by Dubilier & Company, FTV Capital, and Voyager Capital.

Marketing 174

Marketing Southern California Santa Monica Advertising 174

socalTECH

AUGUST 25, 2009

Santa Monica-based The Search Agency , a provider of search engine optimization, search engine marketing, and other related online marketing services, has signed on Los Angeles antivirus software company CyberDefender as a customer. The Search Agency is backed by private equity firm JMI Equity. READ MORE>>.

Search Engine Optimization 167

Search Engine Optimization Santa Monica Equity Los Angeles 167

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

AUGUST 15, 2013

The app developer--which recently raised some funding from local Los Angeles investor Craton Equity Partners--develops software which essentially provides Uber-like smartphone functionality to any taxicab company. Flywheel''s service is available across LA except Santa Monica and Beverly Hills. READ MORE>>.

Los Angeles 244

Los Angeles Hermosa Beach Beverly Hills San Fernando 244

socalTECH

FEBRUARY 16, 2011

Financial terms of the buy were not disclosed, however, the firm said that private equity firm JMI Equity has provided it funding in support of the transaction. JMI Equity General Partner Peter Arrowsmith and Vice President David Greenberg have joined Resource Nation's board as part of the acquisition.

Resource 178

Resource Southern California Santa Monica Equity 178

socalTECH

SEPTEMBER 20, 2010

Santa Monica-based venture capital firm Clearstone Venture Partners currently tops the list for the best performing fund within CalPERS private equity funds, according to recently released figures from CalPERS. According to the numbers, Clearstone Venture Partners 1-B, which was raised in 1999, has returned CalPERS so far 154.7

Clearstone 164

Clearstone Funding Palomar GRP Partners 164

socalTECH

MARCH 12, 2014

Santa Monica-based Beats Music , the subscription-based, music streaming service, has raised between $60M to $100M in new, equity financing, according to reports. Bloomberg, citing three people with knowledge of the deal, said that the funding is part of an effort to challenge Spotify for exclusive music rights.

Funding 170

Funding Santa Monica Equity Report 170

socalTECH

JUNE 20, 2013

Santa Monica-based private equity investor Clearlake Capital said this morning that it has acquired Inventus , a provider of electronic data discovery for global law firms. inventus clearlake capital electronic data discovery merger acquisition private equity' Financial terms of the buy were not disclosed. READ MORE>>.

Capital 147

Capital Santa Monica Equity Acquisition 147

socalTECH

AUGUST 27, 2019

Santa Monica-based Fair , which operates a vehicle subscription service that lets users subscribe to gain access to cars without the restrictions of a traditional lease, has raised $100M in a combined debt facility and equity investment, the company said this morning. Details on the equity portion were not announced.

Equity 100

Equity Invest Santa Monica Tool 100

socalTECH

JUNE 7, 2013

Santa Monica-based private equity firm Clearlake Capital said this week that it has acquired the Retail Solutions Group of Agilisys , a provider of technology and managed services for the retail market. agilisys clearlake capital private equity merger acquisition consulting' READ MORE>>.

Capital 147

Capital Santa Monica Equity Sales 147

socalTECH

MAY 20, 2011

Santa Monica-based SolarReserve , the solar power projects developer developing solar thermal, utility-scale power plants, has scored a massive, $737M loan guarantee from the U.S. Renewables Group, Argonaut Private Equity , Citi , Credit Suisse , Good Energies , Nimes Capital , and PCG Clean Energy & Technology Fund.

Santa Monica 182

Santa Monica Equity Capital Funding 182

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

MAY 14, 2014

Santa Monica-based private equity investor Clearlake Capital Group said this morning that it is in an agreement to acquire ConvergeOne , a Minnesota-based provider of communications and managed services to the enterprise market. Financial details of the buy were not disclosed. READ MORE>>.

Capital 138

Capital Santa Monica Equity Invest 138

socalTECH

DECEMBER 10, 2014

Santa Monica-based Ring , the smart doorbell startup led by Jamie Siminoff, has raised $4.5M in equity and another $2.5M in debt financing, the company disclosed Wednesday.

Santa Monica 173

Santa Monica Venture Capital Equity Ideas 173

socalTECH

JANUARY 13, 2014

Santa Monica-based private equity investor Clearlake Capital Group said this morning that it has named a new CEO at portfolio firm NetMotion Wireless. netmotion wireless clearlake capital executive private equity' NetMotion Wireless is a developer of software for enterprise management of mobile devices. READ MORE>>.

Santa Monica 138

Santa Monica Equity Mobile Capital 138

socalTECH

MARCH 16, 2018

Santa Monica-based Quantm Real Estate , a new startup looking to combine real estate investing with blockchain, the cryptocurrency technology behind such things as Bitcoin, said this week that it has launched a new service whih will help the average person invest in real estate. Quantm Real Estate's CEO and founder is Matthew Sullivan.

Santa Monica 149

Santa Monica Equity Invest Help 149

socalTECH

SEPTEMBER 28, 2010

According to a report today from Paidcontent.org, Santa Monica-based Rubicon Project , the online advertising firm founded by Frank Addante, is in talks with News Corp. would take an equity stake in post-merger Rubicon. to fold the firm in with the Fox Audience Network (FAN). The report cites sources close to the deal.

Report 154

Report Clearstone Santa Monica News 154

socalTECH

MAY 1, 2013

A Santa Monica startup, Famous Birthdays , looks to have carved out quite a niche in the area, with its online list of (you guessed it), famous birthdays. Britton is a serial entrepreneur, who was last head of ResourceWebs, which he recently sold to a private equity firm. What are the most searched for things on the Internet?

Web Design 182

Web Design Santa Monica Statistics Web 182

socalTECH

SEPTEMBER 10, 2013

Santa Monica-based private equity investor Clearlake Capital Group has acquired Futuris Automotive , an automotive supplier which designs, engineers and manufactures seating and interior systems. billion in equity, and invests across a wide range of industries. Financial details of the acquisition were not announced.

Capital 138

Capital Santa Monica Equity Acquisition 138

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.

Funding 150

Funding Santa Monica Commerce Equity 150

L.A. Business Journal

APRIL 19, 2021

Santa Monica-based advertising technology company GumGum Inc. announced a new $75 million investment April 13 from the growth equity division of Goldman Sachs Group Inc.

Invest 130

Invest Santa Monica Equity Advertising 130

socalTECH

JUNE 28, 2013

Santa Monica-based private equity firm Clearlake Capital has completed the acquisition of the North American Rental and Tubular Services divisions of Archer Limited, the firm said today. The new company will be renamed IronGate Energy Services. Financial terms of the buy were not announced.

Acquisition 147

Acquisition Capital Santa Monica Equity 147

socalTECH

AUGUST 11, 2014

Santa Monica-based Surf Air , the membership-based airline which has been serving Silicon Beach, is in a major expansion, saying that it has ordered 15 new planes--with an option on another 50--and raised $73M in debt and equity. Surf Air offers up "all you can fly" shot hop travel aimed at investors and business executives.

Anthem 145

Anthem Santa Monica Equity Venture Capital 145

socalTECH

FEBRUARY 8, 2011

in an equity funding round. SharesPost had originally been based in Santa Monica. Scott Painter is the CEO of TrueCar/Zag, and was also previously CEO of CarsDirect, and has been incubating a number of companies out of his Santa Monica-based BrightHouse incubator.

CarsDirect 140

CarsDirect Zag Santa Monica Incubator 140

socalTECH

APRIL 4, 2014

Santa Monica-based TrueCar has filed for an IPO, saying Friday that it is looking to raise up to $125M on the NASDAQ Global Select Market as TRUE. TrueCar--which is led by Scott Painter--is backed by USAA, Capricorn Investment Group, Upfront Ventures, Anthem Ventures, Vulcan Capital Growth Equity, and Peppy Capital Partners.

Truecar 159

Truecar Anthem Santa Monica Pricing 159