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Get the latest Q2 2014 PwC SoCal MoneyTree Report

NEW Q2 2014 Results!

Are you interested in understanding the latest trends in venture capital
investments in Southern California? Want to know how the region did in
terms of venture capital? PwC has just posted the results of the Q2 2014
Southern California venture deals, in its Shaking The MoneyTree
presentation and update from HJ Paik, Director, Emerging Company Services

Download it today for free!

http://www.socaltech.com/pwc/PwC%20Shaking%20the%20MoneyTree%20Q2%202014.pdf
http://www.socaltech.com/pwc





Tuesday, September 2, 2014

DoubleBeam Takes On Mobile Rebates

Tuesday, September 2, 2014

Pasadena-based DoubleBeam, the provider of mobile payment and related technology led by Ted Tekippe, said last week that it has launched a new mobile rebate product for retailers. The company said its technology is white labeled, and typically is embedded into a brand's mobile or web experience. Pricing and other details on the new mobile rebate product was not announced. The company said the new product includes a mobile SDK and other resources. Doublebeam's technology helps retailers, e-commerce sites, and others support payment by e-check, which generally have much lower transaction costs than credit and debit cards.

 
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Sonos Connects Directly To Wi-Fi

Tuesday, September 2, 2014

Santa Barbara-based whole home audio systems and wireless speaker manufacturer Sonos said today that it is now supporting direct connections to its customers' Wi-Fi network, so that a wired connection to a user's router or use of a special SONOS BRIDGE device is no longer use. Sonos said its products, such as the PLAY:1, can now directly connect to a Wi-Fi router, with the company's Sonos 5.1 software update. Sonos had originally developed its whole home, wireless audio system to use its own proprietary wireless network. Sonos still supports that network, particularly in the case of where a home does not have good Wi-Fi coverage and home theater setups.

 
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Measurabl Gets $2M For Sustainability Software

Tuesday, September 2, 2014

San Diego-based Measurabl, a provider of sustainability reporting software, disclosed this morning that it has raised $2M in a seed funding from CrossCut Ventures. Measurabl is led by Matt Ellis, formerly the Director of Sustainability Solutions at CBRE. Measurable develops a cloud-based software product to help companies publish sustainability reports, synchronizing data from utilities, service providers, internal systems, and more, and automatically creating reports from all of that data.

 
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Kofax Buys Softpro GmbH

Tuesday, September 2, 2014

Irvine-based Kofax announced this morning that it has acquired Softpro GmbH, a developer of signature verification, fraud prevention, and electronic signature software. Kofax said it has paid $34.7M in cash for SoftPro. Kofax said that Softpro has approximately 80 employees, and had 2013 revenues of $13.3M. Kofax was advised by B. Riley & Co., LLC in the deal, according to the company. Softpro was based in Boeblingen, Germany. Kofax is a developer of document capture systems and software.

 
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Legend3D Raises $10M

Tuesday, September 2, 2014

Carlsbad-based Legend3D, a provider of 3D visual effects and technology, said today that it has raised $10M in a Series C funding round. The funding came from Northwater Capital Management and Augustus Ventures Limited. Legend3D said the new funds go towards rapid expansion and setting up a third facility in a "cost advantaged jurisdiction". Legend3D says its technology and services have been used on such titles as Maleficent, Transformers: Age of Extinction and The Amazing Spider-Man 2.

 
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Novatel Wireless Names New CFO

Tuesday, September 2, 2014

San Diego-based Novatel Wireless announced this morning that it has appointed Michael Newman as the company's new Executive Vice President and Chief Financial Officer. Newman was most recently at Websense, most recently serving as CFO, but has spent over eleven years at the company. Newman also has served at Gateway Inc. Newman replaces interim CFO Tom Allen, who the company said will continue to provide consulting services to the company. Novatel has been looking for a new CFO since June. Novatel Wireless is a developer of wireless, M2M modules and Wi-Fi hotspot equipment.

 
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Omnitracs Acquires XRS Corporation

Tuesday, September 2, 2014

San Diego-based Omnitracs, the developer of fleet management products and services for the transportation and logistics market, said this morning that it has agreed to acquire XRS Corporation, a fellow developer of fleet optimization software. The deal was worth $178M. According to Omnitracs, it paid $5.60 per share for XRS, which is majority owned by Trident Capital and Technology Crossover Ventures. Omnitracs was advised by Jeffries and Kirkland & Ellis on the deal, with financing from Royal Bank of Canada, Credit Suisse, and Guggenheim. XRS was advised by William Blair and Faegre Baker Daniels. Omnitracs is currently in the midst of moving to Texas.

 
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Cytori Consolidates European Offices

Tuesday, September 2, 2014

San Diego-based Cyroti announced this morning that it is consolidating its operations in the EU, and has moved its European offices from Switzerland to Wales, where the company recently build a new manufacturing facility. Cytori said the new office will house its EU-based customer service. The new manufacturing facility is in Deeside, Wales, UK. Cytori said the move will help position it to receive government incentives in Wales, including property tax relief and labor cost defrayment.

 
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SAM Congratulates Beats Music and Beats Electronics

Stubbs Alderton & Markiles, LLP would like to congratulate long time client
Beats Electronics and Beats Music in their acquisition by Apple, Inc.

In addition to acting as Beats' counsel since its formation in 2008 by Dr.
Dre and Jimmy Iovine, SAM was involved in the sale to Apple. Attorneys
assisting in the acquisition transaction included Scott Galer, Gaurav
Krishan and Mariam Tonya Karson.

For more information about our services, contact Heidi Hubbeling at
hhubbeling@stubbsalderton.com or (310) 746-9803.


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UK Trade & Investment (UKTI)

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Friday, August 29, 2014

JustFab Raises $85M At $1 Billion Valuation

Friday, August 29, 2014

In the latest, big-valuation funding round for Southern California, Los Angeles-based JustFab has raised $85M in a funding round that values the company at $1 billion. The company--which has been working on the round since May--comes as the company also has increasingly been rumored to be seeking an IPO. The funding was led by Passport Special Opportunity Fund, and also included Shining Capital, Matrix Partners, and Technology Crossover Ventures. The company has now raised more than $250M.

 
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More information » (Subscribers only)

socalTECH: Nominate The 50 Up-And-Comers In Southern California's Tech Industry

Friday, August 29, 2014

Who are the top 50 up-and-coming individuals in Southern California's technology industry? We're looking to identify the individuals here in the technology industry, across all sectors, who are most likely to create the next big thing, produce the next big exit or to influence the industry in a significant way. If you'd like to nominate an individual (not company) for this award, we've just started collecting your nominations online. Nominations will close on Friday, October 10th.




Interested in sponsoring the awards? Socaltech is planning to recognize the Socaltech 50 in conjunction with the Digital Family Reunion in December. Contact Rachel Horning for more details on sponsoring the awards and the event.

 
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Quick Pitch Friday: Mauhan Zonozzy of Bubbl

Friday, August 29, 2014

Do you wish you could take short snippets of your favorite movies and TV shows and share them with your friends? A number of startups have tried to make sharing of premium clips more available to users, but none have yet managed to convince studios and other content creators to allow for widespread clipping and sharing of that content. In an attempt to change that, Bubbl (www.bubbl.me)--which is led by Mauhan Zonozzy--is creating a tool and studio relationships to do just that. The startup is gambling that studios will be okay with short, nine-second clips of their premium content to drive viral traffic to their properties. We recently spoke with Mauhan about his startup, which is setting up offices in Los Angeles, but is based in New York.

What does Bubbl do?

Mauhan Zonozzy: We allow audiences to take bite size snips of premium content. For example, if you are watching the World Cup streaming from ESPN or your favorite WB show, you can grab your favorite moments and share them across any medium, whether that's a chat platform, Snapchat, or anywhere.

Is your product available yet?

Mauhan Zonozzy: We'll be launching this month with Warner Brothers, and we have a couple of apps coming out in the app store....

 
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Zeel Brings On-Demand Massages To LA

Friday, August 29, 2014

In the latest, smartphone-driven, on-demand service to hit the Los Angeles area, Zeel says it has launched into the Los Angeles area, and has begun offering up same day, in-home massages from licensed therapists in the area. The New York City company--which started offering its service in April of last year--said the expansion to the greater Los Angeles area also comes with a similar expansion into Miami and San Francisco. Zeel said its app lets users find a massage therapist in as little as an hour, for a home, hotel, or office. The company is led by former Lightspeed Venture Partners EIR Samer Hamadeh, who also was CEO of Vault.com.

 
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Evite Names New CEO

Friday, August 29, 2014

Los Angeles-based online event invitation site Evite has named a new CEO, saying yesterday that it has named Victor Cho to the position. Cho was most recently President and CEO of Kodak Gallery, and also had headed up marketing and commerce at Intuit. Evite--which is owned by Liberty Interactive--said that Cho also has served at iVillage and Microsoft. The company says it has over 32 million registered users using it to coordinate parties and gatherings, with around 25,000 invitations sent every hour from the service. Cho is based in San Francisco.

 
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IDrive Targets Student With Lifetime Discount Offer

Friday, August 29, 2014

Los Angeles-based online backup provider IDrive, in an attempt to sign up students returning to school, said this week that it has launched a 50 percent discount plan, good for students for the lifetime of their account. IDrive said it will use a student's valid, education-based email address for the discount offer, letting students back up their school work and other data to the cloud. IDrive offers up both file storage and synchronization services, starting with a 5GB free account.

 
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Advertisement

Get the latest Q2 2014 PwC SoCal MoneyTree Report

NEW Q2 2014 Results!

Are you interested in understanding the latest trends in venture capital
investments in Southern California? Want to know how the region did in
terms of venture capital? PwC has just posted the results of the Q2 2014
Southern California venture deals, in its Shaking The MoneyTree
presentation and update from HJ Paik, Director, Emerging Company Services

Download it today for free!

http://www.socaltech.com/pwc/PwC%20Shaking%20the%20MoneyTree%20Q2%202014.pdf
http://www.socaltech.com/pwc





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Thursday, August 28, 2014

Rivalry Games Teams With Warren Sapp On Fantasy Football

Thursday, August 28, 2014

Los Angeles-based fantasy sports game developer Rivalry Games has tied with former NFL player Warren Sapp to create a new, fantasy sports game app called Rivalry Fantasy Sports. According to the company, the app includes all major sports, including both NFL and college fantasy football, and will allow players to earn prizes, including real money. The new app is free, and runs on the iPhone, iPad, and iPod touch. Rivalry Sports is led by Justin Bauer. The company said that Rivalry Fantasy Sports lets user challenge friends or even random opponents via their mobile device, and offers "quick to play" games based on the results of an upcoming college or professional game.

 
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OneRoof Energy Raises $58M Residential Solar Fund

Thursday, August 28, 2014

San Diego-based OneRoof Energy, the provider of solar power installation and lease financing services, said Wednesday that it has raised $58M in a residential solar financing fund, which it says will go towards installing more than 2,000 residential solar power purchase agreements (PPAs). Name of the source of the funds was not announced. According to OneRoof Energy, the fund will go towards installing solar power in California, Hawaii, Massachusetts, and New York. The firm said it expects to fully deploy those funds in the next 12 months. OneRoof Energy provides traditional and lease financing, PPAs, solar power system design and installation, and other related services. PPAs allow homeowners to install solar power systems on their rooftops with little or no upfront cost, instead paying monthly for their solar power. Investors in PPAs typically are looking for a mortgage-like risk profile and income, but with higher returns.

 
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Connequity Raises $550,000, Opens Series A

Thursday, August 28, 2014

San Diego-based professional networking site Connequity says it has raised $550,000 in an angel round, and has opened up a new Series A funding, after renaming the company from its former name, GROWconnections. The startup--which is still in private beta of its service--said the angel funding came in June. The company did not say how much it is looking to raise in its Series A. Connequity is led by Scott Weinbrandt, and says it is creating an online, professional networking service aimed at helping people find trusted business referrals and to help professionals grow their business.

 
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More information » (Subscribers only)

Ixia Ties On Cyber Threat Response

Thursday, August 28, 2014

Calabasas-based network testing software and hardware provider Ixia is applying its technology into a new area--cyber attack detection and incident response--via a partnership with Plixer International, the company said yesterday. According to Ixia and Plixer, they have integrated their systems as part of a cyber threat incident response solution. The two said the joint solution helps improve forensic incident response and application optimization, to help prepare for cyber attack and application performance issues. Financial details of the deal were not disclosed. The new solution is built on Ixia's ATI Processor, which peforms network packet processing and packet inspection, and sends that to Plixer's threat management and detection software.

 
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Chapman University, HID Global Tie On Incubator Effort

Thursday, August 28, 2014

Orange, California-based Chapman University has tied up with HID Global, a developer of secure identification and access control systems, to create a new technology incubator around the "Internet of Things". According to the two, they will work with Chapman University's MBA students, to give them access to HID's technology, challenging students to identify key market opportunities for HID Global. The two said the effort calls for students to present business and launch plans on helping HID expand its markets.

 
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PortTechEXPO | Wednesday, September 17, 2014

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CONNECT with decision makers in the maritime business and public sectors
DISCOVER new technologies through live demonstrations and displays
UNDERSTAND the challenges of continued sustainable growth
MEET the leaders who influence technology deployment

Early Registration now open! 35% off if purchased by August 19.

http://www.PortTechLA.org/EXPO | #PortTechEXPO


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Apply Today For NewCo's Inside-Out Conference

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La Visual - A Branding, Product Strategy & Rapid Prototyping Accelerator

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Key Information Systems Announces Key Cloud

Key Information Systems, a leading IT systems integrator and Premier
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Get the latest Q2 2014 PwC SoCal MoneyTree Report

NEW Q2 2014 Results!

Are you interested in understanding the latest trends in venture capital
investments in Southern California? Want to know how the region did in
terms of venture capital? PwC has just posted the results of the Q2 2014
Southern California venture deals, in its Shaking The MoneyTree
presentation and update from HJ Paik, Director, Emerging Company Services

Download it today for free!

http://www.socaltech.com/pwc/PwC%20Shaking%20the%20MoneyTree%20Q2%202014.pdf
http://www.socaltech.com/pwc





Wednesday, August 27, 2014

Real Estate Investors Win With Rise Of Silicon Beach In Playa Vista

Wednesday, August 27, 2014

The surge of technology, advertising, and media companies flocking to Silicon Beach has meant a huge win for real estate investors, particularly in Playa Vista, according to a report today. Early investors in transforming Playa Vist--which is now home to operations of YouTube, Google, 72AndSunny, Microsoft, and many others--into a center for the technology, advertising and media industry, have apparently been rewarded handsomely, according to the WSJ. Playa Vista is midway between Santa Monica and Los Angeles International Airport, and is one of a number of technology-and-media rich neighborhoods on the west side of Los Angeles. Image: YouTube's Playa Vista location, YouTube Space Los Angeles.

 
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FreedomPop's Stokols, Winklevoss Capital Back Smart Outlet Maker Zuli

Wednesday, August 27, 2014

Stephen Stokols, the CEO of Los Angeles-based Freedompop, as well as Winklevoss Capital, which has recently had a presence in LA, have both invested in a maker of "smart outlets" which turn on using Bluetooth. Zuli, which is based in San Francisco, said it has raised $1.65M in a seed round, which included Menlo Ventures, Winklevoss Capital, Logitech, DeNA, XG Ventures, FreedomPop CEO Stephen Stokols, and Hossein Eslambolchi, former CTO of AT&T. Zuli's products turn on electronics and other devices when a user is nearby, similar to Apple's iBeacon concept, letting users automatically turn on lights, appliances, and more depending on where a user is in a house or office. The company said its Zuli Smartplug lets users plug in other devices, and detects when you are nearby, so that--for example--lights will go automatically when a user is in a bedroom, living room, bathroom, or kitchen.

 
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More information » (Subscribers only)

Neurosigma Files For IPO

Wednesday, August 27, 2014

Los Angeles-based NeuroSigma, a developer of medical devices aimed at treating epilepsy and depression, has filed for an IPO, saying that it is looking to raise up to $50M on the public markets. The company said it has applied to list on the NASDAQ Global Market as NSIG. The life sciences company said its IPO is being underwritten by Jeffries, BTIG, and Craig-Hallum Capital Group. The company is currently marketing a product in the EU, Canada, and Australia for the treatment of epilepsy. Neurosigma's biggest shareholder is Dr. Leon Ekchian, the company's CEO and President, with 30.48% of the company before the IPO.

 
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TigerText Sees Messaging Surge

Wednesday, August 27, 2014

Santa Monica-based TigerText, the secure messaging service provider for the enterprise market, reports that it has seen a spike of 750 percent in its message volume in the first half of the year. The company said the growth comes due to record sales and customer growth at the company. TigerText said five of the top ten, for-profit U.S. health systems are now using its products, which has resulted in over 300 million messages per month being sent via its platform. TigerText--led by Brad Brooks--offers up a HIPAA compliant, secure messaging service which lets healthcare workers at hospitals and other healthcare providers meet privacy and confidentiality requirements, while still giving them the convenience of texting.

 
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How ConsumerTrack Has Created A Growing, Profitable--and Mostly Unknown Business

Wednesday, August 27, 2014


In the Los Angeles startup world, there are lots of high profile, buzzy companies which have lots of attention and funding--but which haven't earned a dime of revenue. However, this town is also full of very profitable, growing, and revenue generating companies-- which have for the most part been below the radar. We spoke with one of those companies-- El Segundo-based ConsumerTrack (www.consumertrack.com)--which is a $30M, bootstrapped an online marketing company which is driving millions of customers to big name, financial customers. We caught up with CEO and co-founder Brett Rossmann to learn more about the company and how it's been able to grow, profitably, all without raising a dime of outside capital.


What is ConsumerTrack all about?

Brett Rossmann: ConsumerTrack is a performance-based, online marketing company. We generate thousands of new customers everyday for clients such as Ally Bank, GE Capital, Transunion, and a few other big brands. We have been growing, and profitable for the last ten years. We've also built a data driven platform, that allows us to drive millions of unique visitors to our network of sites every month, covering the banking, credit, and travel and vertical markets. You can take a look at our websites, such as GoBankingRates.com, and GoFreeCredit.om. We are also launching a travel portal later this fall, call RewardAndTravel.com....

 
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Report: Snapchat Valued At $10 Billion In New Funding

Wednesday, August 27, 2014

Venice-based Snapchat is in the midst of raising a new round of funding, led by storied venture capital investor Kleiner Perkins Caufield & Byers, which valued the company at close to $10 billion, according to a report. Citing "people with knowledge of the matter", the WSJ said that the deal comes despite Snapchat having no revenues, but makes it among one of the most valuable startups on the market. The report also said that Snapchat has around 100 million monthly active users now using its messaging service.

 
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eHarmony: More than 600,000 Marriages, New Job Matching Service

Wednesday, August 27, 2014

Santa Monica-based online matchmaking site eHarmony said Tuesday that it now has more than 600,000 marriages to its credit, with approximately one in seven people in America having subscribed to the service at one point or another. eHarmony also said it will be releasing its job matching service, Elevated Careers, in Q4. The company--which detailed its track record on its fourteenth anniversary--says in the last two years since Dr. Neil Clark Warren returned that it has "undergone a transformation". eHarmony has been in the midst of revamping its service to address the mobile, smartphone generation -- making its website more contemporary, and adding mobile, smartphone-centric access to its services. However, the company's focus on matching people who are well suited to each other is an interesting contrast to the popular "swipe right for a hookup" apps like Tinder.

 
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Ozobot Opens Preorders For Educational Robot

Wednesday, August 27, 2014

Redondo Beach-based Ozobot, a developer of minature, educational robots, said this morning that it has begun pre-orders of its product. Ozobot is an interactive robotic device, which follows the paths of mazes, interacts with a user on paper, and connects with an Android phone. Ozobot said its robot is aimed at teaching kids about robots, and also teaches them basic and advanced programming skills, coding, robotic behavior, and deductive reasoning. The robot is priced at $39, and is expected to ship in October; the company also said it hopes to make an iOS app for the robot available soon.

 
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Yardi Ties With The Home Depot

Wednesday, August 27, 2014

Santa Barbara-based property management software developer Yardi said yesterday that it has linked up with The Home Depot, giving its clients access to products from the popular home improvement chain directly from its online platform. Yardi said thatclients can access those products via a button in its online procurement system in Yardi Procure to Pay, the company's procurement and invoice processing platform. Financial details of the deal were not announced. The link means that The Home Depot's purchase orders and invoices can be handled through Yardi's software.

 
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Vitesse Names New Board Member

Wednesday, August 27, 2014

Camarillo-based Vitesse Semiconductor, the developer of semiconductors for the networking market, said late Tuesday that it has added a new member to its board of directors. The company said it has appointed William C. Martin, Chairman and Chief Investment Officer of Raging Capital Management, to its board. Vitesse said that Raging Capital is the company's largest stockholder, owning over 21 percent of its shares. Martin has previously served on the boards of Bankrate and Salary.com.

 
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PortTechEXPO | Wednesday, September 17, 2014

Crafted at the Port of Los Angeles | San Pedro, CA

The only maritime-oriented clean tech conference and exhibition on the
West Coast!

EXPLORE opportunities to bring innovative solutions to environmental
challenges
CONNECT with decision makers in the maritime business and public sectors
DISCOVER new technologies through live demonstrations and displays
UNDERSTAND the challenges of continued sustainable growth
MEET the leaders who influence technology deployment

Early Registration now open! 35% off if purchased by August 19.

http://www.PortTechLA.org/EXPO | #PortTechEXPO


Advertisement

SAM Congratulates Beats Music and Beats Electronics

Stubbs Alderton & Markiles, LLP would like to congratulate long time client
Beats Electronics and Beats Music in their acquisition by Apple, Inc.

In addition to acting as Beats' counsel since its formation in 2008 by Dr.
Dre and Jimmy Iovine, SAM was involved in the sale to Apple. Attorneys
assisting in the acquisition transaction included Scott Galer, Gaurav
Krishan and Mariam Tonya Karson.

For more information about our services, contact Heidi Hubbeling at
hhubbeling@stubbsalderton.com or (310) 746-9803.


Advertisement

TechCXO Los Angeles - Professional Services for Technology Companies

TechCXO is a professional services firm that provides experienced,
C-Suite professionals to deliver strategic and functional consulting
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Paul Meyer, Managing Partner – Finance & Operations
paul.meyer@techcxo.com
(805) 535-5245

Daniel Nannenga, Partner, Finance – Operations and Technology
daniel.nannenga@techcxo.com
(424)903-6030


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Tuesday, August 26, 2014

Factual Extends Restaurant Data Overseas

Tuesday, August 26, 2014

Los Angeles-based Factual, which maintains a giant data store of location data, businesses, and other information, is extending its data coverage overseas. The company said Tuesday that it is adding more data to its restaurant information in France, Germany, and Australia, to include everything from kid friendliness, cuisine types, to parking. That data has previously only been available in the United States and the United Kingdom. The company says it now has information on over 300,000 restaurants in France, 170,000 in Germany, and 100,000 in Australia. Factual makes its data available to third party developers, who use that geolocation and other information to power things like mobile apps and online services.

 
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The Honest Company Gets $70M

Tuesday, August 26, 2014

Los Angeles-based The Honest Company, the online, family products retailer led by serial entrepreneur Brian Lee, and which was co-founded by Jessica Alba, has raised $70M in a funding round, according to the company Tuesday. The funding was led by Wellingtom Management Company, and also included un-named, public market institutional investors, along with prior investors Lightspeed Venture Partners, Institutional Venture Partners, General Catalyst Partners and ICONIQ Capital. The funding brings the company's total raised to $122M. The company said the funds go to accelerate the company's growth, Honest Company offers up non-toxic, family friendly products such as baby products, bath and skin care, cleaning supplies, and other household goods. Goldman Sachs served as placement agent in the funding, according to the company.

 
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Western Digital Names New CFO

Tuesday, August 26, 2014

Irvine-based disk drive giant Western Digital has named a new CFO, saying that its current CFO, Tim Leyden, has retired after 24 years at the company. WD said that Olivier Leonetti, who previously was VP Finance at Amgen, and also spent 14 years in finance positions at Dell, will become CFO of the company. Leyden will continue at the company through January to help in the transition. Leonetti had been Vice President, Finance at Amgen since 2011.

 
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NSF To Create Innovation Center In LA

Tuesday, August 26, 2014

The National Science Foundation is planning to create a new, innovation center in Los Angeles, in conjunction with the University of Southern California, the California Institute of Technology (Caltech), and the University of California Los Angeles, the NSF said this morning. According to the NSF, the new center is looking to support the translation of scientific and engineering research into technology for the marketplace, and will be supported by a multi-million dollar grant. Size of that grant was not announced by the schools, however, a NSF award abstract says the award under the grant so far is around $1.18M. The grant's principal investigator is USC Viterbi School of Engineering Dean Yannis C. Yortsos. The movement focuses on creating an "innovation hub" focused on improving technology commercialization efforts.

 
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ZipRecruiter Gets $63M Series A

Tuesday, August 26, 2014

In what looks like one of the largest Series A funding rounds in awhile in Southern California, Santa Monica-based ZipRecruiter announced this morning that it has raised $63M in a funding round, for its job posting service for small and medium sized businesses. The startup, which is led by Ian Siegel, said the Series A funding was led by
Institutional Venture Partners (IVP), and also included Basepoint and Industry Ventures. ZipRecruiter helps companies by distributing job postings to over 50 online job boards, and also helps companies by consolidating applications. The company also maintains its own, online searchable resume database of job seekers. According to ZipRecruiter, the new funding will go to develop new products, accelerate marketing, for acquisitions, and to scale its infrastructure. IVP's Eric LIaw joins the company's board with the funding.

 
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Swagbucks Taps Shopzilla's Weinrot As COO

Tuesday, August 26, 2014

El Segundo-based Prodege, the parent company of Swagbucks, has named a new COO, naming former ShopZilla executive David Weinrot to the new position. Weinrot was previously Chief Marketing Officer and Divisional President for Shopzilla/Bizrate, where he had been for over 14 years. Weinrot also previously has served at such companies as CarsDirect, DIsney Online, and BonusMail (MyPoints). Weinrot had been heading up operations and business management for Shopzilla, heading up its marketing, product management, sales and operations functions.

 
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