Technology built for the trucking industry has traditionally been overlooked and the process of freight planning can be time- consuming, slow, prone to human error with details that have traditionally been relayed using handwritten notes. NEXT Trucking has reinvented the way in which shippers and truckers do business, through its technology platform, by managing the details of […]
Twenty-two days into the new year and we have our first major LA Tech acquisition of 2019. Live television streaming platform Pluto TV has been acquired by media giant Viacom for $340M in cash. “Since our launch less than five years ago, and particularly over the past year, Pluto TV has enjoyed explosive growth and […]
Today, we take a look at the major tech IPOs from 2018. The IPOs were few and far between in the overall market. We shine a spotlight on the eight tech companies that were able to debut their offerings on the Nasdaq and NYSE in 2018 as we anticipate some major IPOs for 2019 (Uber […]
NYC-based micro-learning content platform Grovo has been acquired by Santa Monica-based Cornerstone OnDemand, a publicly traded learning and human capital management software company for $24M in an all-cash deal. “The acquisition of Grovo helps fulfill the vision we had on day one for Cornerstone to improve access to education on a global basis. As leaders […]
Sherman Oaks-based SERVIZ, the discovery platform for finding service providers for homes, has been acquired by Seattle-based Porch, another similar platform for finding home professionals. Terms of the transaction were not disclosed. Founded in 2014 by Michael Kline and Zorik Gordon, SERVIZ had raised $20M in funding over two reported round with its last round […]
Generation Z-focused media company Awesomeness TV has been acquired by Viacom. Terms of the transaction were not disclosed but the deal has been rumored to be at $25M plus the assumption of debt, placing it well below the $650M valuation at the time of the company’s last funding round in 2016. Founded in 2012 by […]
Ring, the home security company that provides smart doorbells integrated with video cameras, has been acquired by Amazon. The deal price is rumored to be around $1.1B, marking one of the largest LA tech acquisitions in history. “We’ll be able to achieve even more by partnering with an inventive, customer-centric company like Amazon. We look forward […]
Flight Club, the pioneering site and retail presence for sneaker enthusiasts, has been acquired by GOAT, the digital marketplace for sneakers. In conjunction with the acquisition, GOAT is announcing a $60M funding round led by Index Ventures including participations from Accel, Matrix Partners, Upfront Ventures and Webb Investment Network. “Aligning with GOAT’s world-class technology and […]
Bitium, the cloud identity startup providing single sign on and password management solutions for enterprises, founded in 2012 by Erik Gustavson and Scott Kriz, has been acquired by Google. Terms of the deal were not disclosed and no word if the Bitium team will be integrated into Google. In a post on the Google blog, Karthik Lakshminarayanan, Director of […]
Financing merger and acquisition activity is much different than funding stand-alone growth with venture capital, as the investors are vastly different.
Walk through Jason Nazar’s mind as he sold Docstoc to Intuit. A play by play guide for all founders when considering selling their company.