socalTECH

APRIL 5, 2011

Santa Monica-based TrueCar , the online car pricing site headed by Scott Painter, has scored a new, equity investment and partnership with direct marketing firm Guthy-Renker , the firm announced today. Financial terms of the investment were not disclosed.

Truecar 232

Truecar Invest Edmunds Santa Monica 232

Both Sides of the Table

NOVEMBER 11, 2013

You can watch the video above for a very brief overview of why we rebranded and where we see our place in the VC ecosystem along with what has changed in our industry. I often advise startup companies not to try and pin all of your brand equity into an announcement. A brand is a marathon, not a sprint.

Venture Capital 324

Venture Capital Startup Blogging Platform 324

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JULY 6, 2010

An analysis of Q2's venture capital deals and investment activity in Southern California find that venture capitalists invested around $1.6 for Los Angeles-based Hautelook , as well as various investments in Irvine-based Fisker Automotive and Santa Monica-based Coda Automotive. billion in Q2 of last year.

Southern California 195

Southern California Westlake Village Invest Tech Coast Angels 195

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APRIL 14, 2011

The latest venture capital numbers from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters, was released tonight, showing that Southern California had $493.2M invested in Santa Monica-based Coda Automotive. invested in Q1 of 2010.

Southern California 186

Southern California Invest Orange County Tech Coast Angels 186

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 The company--formerly known as Doorbot--said the Series A financing comes from True Ventures, and also included First Round Cpaital, Queensbridge Venture Partners, Upfront Ventures, and angels.

Santa Monica 173

Santa Monica Venture Capital Equity Ideas 173

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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

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OCTOBER 12, 2010

Santa Monica-based venture capital firm Rustic Canyon Partners has upped its investment in social games firm PlayFirst , which is based in San Francisco. in an equity funding for the company, with Comerica Bank providing $4.0M

Rustic Canyon 145

Rustic Canyon Santa Monica Venture Capital Equity 145

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DECEMBER 14, 2009

Michael Kim , a partner at Santa Monica-based Rustic Canyon Partners , is departing the firm at the end of the year to startup up a new fund-of-funds, Cendana Capital. Tags: rustic canyon venture capital michael executive cendana. Kim was based in Silicon Valley. Kim was based in Silicon Valley.

Rustic Canyon 133

Rustic Canyon Santa Monica Venture Capital Equity 133

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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 venture capital airline startup membership expansion' READ MORE>>.

Anthem 145

Anthem Santa Monica Equity Venture Capital 145

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JULY 18, 2013

Santa Monica-based content delivery network EdgeCast has just filled up its warchest, announcing Thursday that it has raised $54M in a big funding round. The new funding was led by Performance Equity Management, and also included existing investors Menlo Ventures and Steamboat Ventures. READ MORE>>.

Content 150

Content Steamboat Ventures Santa Monica Venture Capital 150

socalTECH

MARCH 30, 2010

Santa Monica-based CODA Automotive announced Tuesday afternoon that it has scored $394M in funding for the firm's electric battery efforts. According to CODA, $100M in equity funding comes from joint venture partner Lishen Power Battery, with another $294M in a line of credit from the Bank of Tianjin Joint-Stock Co.,

Santa Monica 150

Santa Monica Venture Capital Equity Funding 150

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JANUARY 22, 2010

Santa Monica-based SharesPost , the online marketplace for buying and selling shares in private companies, told its users Friday afternoon that it is dropping its subscription fee. Tags: sharespost marketplace private equity venture capital financial. SharesPost is headed by Greg Brogger. READ MORE>>.

eHarmony 145

eHarmony Santa Monica Venture Capital Equity 145

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JUNE 15, 2010

Santa Monica-based Zag , the online auto buying software firm headed by Scott Painter, has raised $11.1M in a new equity funding round, according to a regulatory filing by the firm Tuesday afternoon. The firm has previously raised funding from USAA, Capricorn Investment Group, LLC, GRP Partners and Anthem Venture Partners.

Zag 154

Zag GRP Partners Anthem Santa Monica 154

socalTECH

MARCH 26, 2014

Sequoia Capital''s Douglas Leone, was placed at number six for his role in funding San Diego''s ServiceNow ; Bessemer''s Byron Deeter was ranked #36 due to his role in funding Santa Monica''s Cornerstone OnDemand ; Stephen Jurveston, of Draper Fisher Jurvetson, was ranked at #59 for his investment in Hawthorne-based SpaceX.

Southern California 159

Southern California Cornerstone OnDemand SoCal San Diego 159

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

MAY 16, 2014

Santa Monica-based TrueCar has priced its IPO, saying last night that it will sell 7.8 TrueCar is venture backed by backed by USAA, Capricorn Investment Group, Upfront Ventures, Anthem Ventures, Vulcan Capital Growth Equity, Peppy Capital Partners, Arcturus Venture Capital, along with others.

Truecar 147

Truecar Pricing Arcturus Anthem 147

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DECEMBER 11, 2014

Santa Monica-based VideoAmp , which operates a programmatic video advertising platform, said this morning that it has raised $2.2M in a funding round, from Anthem Venture Partners, Simon Equity Partners, Third Wave Capital, Wavemaker Partners and ZenShin Capital. READ MORE>>.

Advertising 138

Advertising Platform Anthem Santa Monica 138

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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

JULY 6, 2009

Santa Monica-based Miles Electrical Vehicles --now known as Coda Automotive--has raised around $11M in additional funding in an ongoing, $40M funding round, according to a regulatory filing from the firm today. In the filing, the firm said it has now sold $24M in equity out of a $40.3M raise, up from $13.5M READ MORE>>.

Funding 133

Funding Santa Monica Venture Capital Equity 133

socalTECH

AUGUST 8, 2010

Santa Monica-based Demand Media , the online media firm run by Richard Rosenblatt, has finally filed for its long awaited IPO. Morgan Stanley, UBS Investment Bank, Allen & Company LLC, Jefferies & Company, Stifel Nicolaus Weisel, RBC Capital Markets, Pacific Crest Securities, Raine Securities, and JMP Securities.

Demand 184

Demand Media .Net Santa Monica 184

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SEPTEMBER 27, 2013

Santa Monica-based Beats Electronics , the audio accessories brand founded by Dr. Dre and Jimmy Iovine, said today that it has received a minority investment from The Carlyle Group. beats electronics venture capital strategic private equity investment audio' Financial terms of the deal were not announced.

Invest 124

Invest Santa Monica Venture Capital Equity 124

socalTECH

NOVEMBER 1, 2010

Santa Monica-based Rubicon Project said this morning that it has raised $18M in additional funding, and acquired the Fox Audience Network (FAN) from New Corporation. Tags: rubicon project news audience network merger acquisition venture capital advertising. The new funding brings Rubicon's total funding to $60M.

Networking 147

Networking Clearstone Santa Monica News 147

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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

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

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DECEMBER 30, 2016

In 2016, our Santa Monica office more than doubled market share of early-stage companies. Despite the Q1 correction in valuation, and subsequent drop in VC funding, we saw numerous LA companies not only survive, but thrive - despite the macroeconomic trends. You can see all of our holiday reflections here. Rob Freelen: Focus.

Santa Monica 124

Santa Monica Southern California Venture Capital SoCalTech 124

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NOVEMBER 15, 2017

Santa Monica-based Arrowroot Capital Management announced today that it has raised a $177M, third fund, Arrowroot Capital II, L.P. , to invest in growth equity for enterprise software companies. Arrowroot Capital said the fund was oversubscribed.

Invest 113

Invest Capital Software Funding 113

socalTECH

JANUARY 28, 2020

Santa Monica-based venture capital Troy Capital Partners and alternative investment firm Oaktree Capital announced this morning that they have spun off a new company, Quid , which will provide loans back by pre-IPO shares of stock.

Santa Monica 124

Santa Monica Venture Capital Equity Capital 124

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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

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

JUNE 17, 2020

Santa Monica-based drone data management software developer DroneBase announced on Wednesday morning that it has raised $7.5M in a Series C funding.

Santa Monica 113

Santa Monica Venture Capital Equity Software Development 113

socalTECH

JULY 30, 2020

Santa Monica-based MomentFeed , which develops software used by retail brands for optimizing mobile and proximity searches, has raised $10M more in funding, the company said on Thursday. The funding was led by Level Equity, and also included Signia Venture Partners, Draper Nexus, and DFJ Frontier, all prior investors.

Software Review 157

Software Review Draper Santa Monica Google 157

socalTECH

APRIL 7, 2011

Santa Monica-based SolarReserve , the developer of utility scale, solar thermal power plants, has raised $20M in a Series C funding round. The firm has previously raised funds from Argonaut Private Equity, Citi, Credit Suisse, Good Energies, Nimes Capital, PCG Clean Energy & Technology Fund, and US Renewables Group.

Santa Monica 145

Santa Monica Equity Funding Capital 145

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MAY 8, 2017

Santa Monica-based equity crowdfunding site Crowdfunder is making it easier for it to work with investors, saying on Monday that it has just received its broker-dealer license to sell securities directly to accredited investors. Crowdfunder said the move will help create a "more seamless solution" for its customers.

Clearstone 113

Clearstone Draper Santa Monica Venture Capital 113

socalTECH

JANUARY 14, 2013

Zwelling is a serial entrepreneurs who has had some major successes, including EchoSign (acquired by Adobe) and YLighting (acquired by private equity). The firm is based in Santa Monica. Convertro raised $5M in a Series A in 2009. READ MORE>>.

Santa Monica 147

Santa Monica Advertising Equity Entrepreneur 147

Both Sides of the Table

MARCH 17, 2010

Funding is different – In Silicon Valley you have mega venture capital funds and many of them. Side note: LA seems to have had some success in mega deals led by private equity firms as evidenced by DemandMedia and Chris DeWolf’s latest company backed by more than $20 million in private equity.

Companies 290

Companies Company Technology Startup 290

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MARCH 8, 2018

The Montgomery Summit (www.montgomerysummit.com), which kicked off on Wednesday, and continues today in Santa Monica, is one of the biggest gathering places for venture capital, private equity investors, and technology executives from around the globe. Jamie Montgomery: Yes, we really worked hard on that.

Southern California 113

Southern California Santa Monica Artificial Inteligence Conference 113

socalTECH

JANUARY 26, 2011

Los Angeles-based growth equity investor Vicente Capital Partners officially announced today that it has led a SEries C investment in Santa Monica-based Campus Explorer , the fifth investment from its Growth Equity Fund.

Capital 124

Capital Santa Monica Equity Los Angeles 124