Thursday, June 16, 2016Appetize Wins Customer In MinneapolisLos Angeles-based Appetize, which develops tablet-based, enterprise Point-of-Sale hardware and software for venues, said on Thursday that it has scored a win in Minneapolis. The company said that the new, U.S. Bank Statdium in downtown Minneapolis will use the company's products as its exclusive, POS solution. The new stadium is home to the Minnesota Vikings. Financial impact of the win was not announced. Appetize said the install includes over 600 fixed and portable POS devices, for the new sta (More info...)
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Greycroft Leads New Investment In Performance HorizonVenture investment firm Greycroft Ventures, which has an office and is very active in Los Angeles, has led the investment in Performance Horizon, a San Francisco digital marketing software developer. Performance Horizon said that it raised $15.4M in its Series C funding, which was led by Greycroft Growth, along with Mithril and DN Capital. Performance Horizon develops digital marketing software which is used for partner and performance marketing. The company targets travel, financial services, a (More info...)
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Payoff Picks Up $46.7M MoreCosta Mesa-based Payoff, a consumer finance startup which helps people consolidate and pay off credit card debt, has raised $46.7M more in a financing, according to a regulatory filing by the company. The filing indicates the funding is part of an ongoing $64.7M funding. It's unclear if the equity funding is part of an earlier, announced $250M multi-stage committment from alternative asset manager Marshall Wace, or a separate funding transaction. Payoff has previously raised funding from Mohamed (More info...)
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LogicMonitor Snags Giant, $130M Funding RoundSanta Barbara-based LogicMonitor, which develops IT infrastructure monitoring software, is announcing a gigantic, $130M funding round today, from growth equity fund Providence Strategic Growth (PSG). PSG is the growth equity funding arm of Providence Equity Partners. The funding is a huge, vote of confidence for LogicMonitor, which said it will use the funding for global market expansion. LogicMonitor's software tools are used for IT infrastructure monitoring, across private, hybrid, and public (More info...)
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Indian Music Streaming Site Saavn Scores Funding From Guy OsearySaavn, an online, Indian music streaming site which operates in both India and the United States, said Wednesday that it has raised a round of strategic funding from Los Angeles angel investor Guy Oseary. Size of the investment round was not announced. Oseary, along with Ashton Kutcher, are the principals behind A-Grade Investments, which has invsted in such companies as Uber and Airbnb. This particular investment did not go through A-Grade Investments, but directly from Oseary.
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Gores Group, Platinum Equity Back Data BlueLos Angeles-based private equity investors Gores Group and Platinum Equity said this morning that they have backed Data Blue, an Atlanta provider of storage, backup and server virtualization and consolidation solutions for the enterprise market. Size of the investment was not announced. The Gores Group investment came via Gores Small Capitalization Partners. Data Blue was founded in 2011. The companies said that Data Blue was advised by Hyde Park Capital in the deal.
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