Wednesday, February 10, 2016Pasadena Angels Release 2015 Investment TotalsThe Pasadena Angels investment group released its investment totals for 2015 this week, saying that it has invested $5.0M across 27 deals in 2015, bringing its total invested since the group was started to over $65M in over 175 companies. The angel groups said thirteen new companies received investments from the group, including Orca Inventory Systems, Episona, Nailsnaps, Pasture Bird, Level27, Datum Security, Veristride, Connected Signals, grandPad, Beatshare, Tallygo, Happy Desk, and Pick my S (More info...)
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Compendia Acquired By Community Investors Inc.Escondido-based software developer Compendia, a developer of web portal software for the home builders market, has been acquired by Community Investors, Inc., the two said today. Financial details of the acquisition were not disclosed. Compendia, which was founded in 1999, offers up web-based portals that home builders user to present information, warranties, manuals, and other information to home builders. The company's online portals are used by homebuilders to give buyers information on pain (More info...)
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Frequency Inks Video News Deal With NewsyLos Angeles-based video streaming app and video distribution service Frequency, which is led by Blair Harrison, said today that it has inked a video news deal with millenial-focused video news service Newsy. Financial details of the content licensing deal were not disclosed. Frequency aggregates and distributes video content to mobile and other devices. Harrison previously founded FasTV, and headed up iFILM, which he sold to Viacom back in 2005.
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Patch of Land Gets $250M Commit From Loan ProviderLos Angeles-based real estate lending marketplace Patch Of Land said this morning that it has signed a deal with an un-named East Coast credit fund, to invest $250M in loans on its platform. Patcdh Of Land--which is led by Jason Fritton--said the deal calls for the credit fund to purchase loans in a "forward flow arrangement". Patch of Land provides loans to professional, real estate investors through its marketplace.
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Breather Plans Expansion Of On Demand Meeting Rooms To Los AngelesBreather, which operates a network of meeting rooms, offices, and other spaces aimed at the flexible work space market, said it plans to expand into Los Angeles this year, as part of a national expansion. The company--which currently operates short term, on-demand meeting spaces in the Bay Area, Boston, New York, Montreal, and Ottawa--said it targets professionals, tech companies, business travelers, remote workers, creatives, and others looking for flexible meeting spaces. The company's lineup (More info...)
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Targus Sold To Senior Lenders In Asset DealAnaheim-based smartphone and computer case and accessory maker Targus Group International, Inc. (TGII) has been sold to a new investor group called Targus International LLC, made of TGII's senior lenders, the companies said Tuesday. The companies said the deal came through a public foreclosure process under the Uniform Commercial Code. The companies said that there are a number of unrelated, legal entities from TGII are filing for prepackaged Chapter 11 bankruptcy. Alvarez & Marsal North America (More info...)
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Apple Music Launches On SonosSanta Barbara-based music system maker Sonos said that it is rolling out Apple Music on its system starting today, letting users stream the entire Apple Music catalog through the company's controllers and speakers. Sonos has been testing support for Apple Music since December through a beta program. The Sonos integration includes support for Apple's "For You" music suggestions, access to curate radio stations, and other Apple Music features.
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ViaSat, Eutelsat In Satellite Joint VentureCarlsbad-based ViaSat and Eutelsat Communications are in a satellite broadband joint venture in Europe, the two said Tuesday, which will provide high speed Internet services in Europe. The two said they will initially use Eutelsat's KA-SAT high capacity broadband satellite, plus ViaSat's broadband technologies and consumer Internet Service Provider (ISP) business expertise in the venture, to launch a brand new, consumer retail service in Europe. The companies said that joint venture will consis (More info...)
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