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Wellington Financial Closes $177.5M Venture Debt Fund

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Wellington Financial , a provider of venture debt and growth capital to high tech startups and other companies, said yesterday that it has closed on a $177.5M, fourth fund. offices in Santa Monica. based, VC-backed companies. Wellington is based in Canada, but has its U.S. READ MORE>>.

Funding 133
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Startup Advisor, Former VC Probable Plane Crash Victim

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According to a report from the Los Angeles times, Martin Schaedel, an advisor to a number of local startups and former VC, was the second victim in a plane crash in Santa Monica Wednesday. Confirmed dead was Paulo Emanuele, general manager of the website www.airliners.net.

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Montgomery & Co. Exits Advisory Business

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the investment banking firm which got its start in Los Angeles focusing on high tech companies--and as a onetime venture capital investor--has exited the investment banking and advisory business, the firm said today. The company has been well known in recent years for its technology conferences in Santa Monica.

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Philz Coffee Looks Beyond California With $45M Funding

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The company's first expansion beyond the Bay Area was in Santa Monica in 2014, due to the concentration of high tech startups in the area. Philz Coffee is about to open its first location in Glendale this week, just opened a location in Huntington Beach , and opened a location in Hollywood in June. READ MORE>>.

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TaskUs Takes $15M In Funding

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Santa Monica-based TaskUs , the startup led by Bryce Maddock which is the secret weapon behind the rising tide of on-demand and Internet startups, has raised $15M in a funding round, the company disclosed today. The funding came from Phillipnes-based private equity investor Navegar. READ MORE>>.

Funding 100
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Interview with Todd Jerry, Marmol Radziner

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Todd is now Chief Operating Officer of Marmol Radziner (www.marmol-radziner.com), an architecture and construction company, which recently installed a eco-friendly mobile home park project in Santa Monica which was focused on applying clean and eco-friendly technologies to the pre-fab building market. For me, it was a couple of things.

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Looking At LA's Technology Future with Derek Norton

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Watertower has been involved in a number of high visibility exits and fundings in recent months, including Riot Games (rumored to be $400M+), Machinima, and ExtendMedia. Norton spent some time talking about his vision of where LA's future in high tech lies. Derek Norton: I'm a fourth generation Angeleno.