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GRP Backs Payment Card Provider Wave Crest

socalTECH

GRP has been fairly focused on financial services companies, and scored a significant exit last year in billing firm BillMeLater, which it sold for over a billion dollars. Wave Crest looks to be in the same, prepaid payment card sector as Monrovia-based Green Dot, which is expected to hit the public markets very soon in its IPO.

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Soliant Adds GE As Investor In $21M Round

socalTECH

Monrovia, California-based Soliant Energy has scored $21M in a venture capital round, including a $2.5M investment from GE Energy Financial Services, GE said Tuesday. Soliant Energy is developing rooftop concentrators for the solar power market. READ MORE>>

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