Pot Push: Medbox Inc., a West Hollywood maker of marijuana dispensing machines, will get $3.5 million in committed funds from investors, according to a Securities and Exchange Commission filing. The company plans to use the money for working money and general corporate purposes.
Industrial Acquisition: D & K Properties has sold a Boyle Heights industrial property for $8.8 million to New Territory. The 47,986-square-foot property is at 1151 S. Boyle Ave.
Sports Play: Westwood’s St. Cloud Capital has announced an investment in Santa Fe Springs sporting goods company Bravo Sports. The investment will support the merger of Bravo and One Industries, a San Diego biking and motorcycle sports company majority owned by Brentwood’s Transom Capital Group. Financial terms of the deal were not disclosed.
Microwave Move: Century City investment firm StoneCalibre announced that one of its affiliates has acquired microwave communications equipment maker Broadcast Microwave Systems Inc., a subsidiary of Poway’s Cohu Inc. Financial terms of the deal were not disclosed.
In the Movies: Kirin Media Ventures, a Century City film finance and management company, has announced its inaugural $25 million fund, backed in part by Chinese investors. Kirin is working on a slate of five movies including sci-fi-fantasy tale “Witch World” and action film “Gungrave.”
Affluent Influence: Evolve Media, a Ladera Heights-based online publisher, has acquired Martini Media, a San Francisco media platform that targets an affluent audience. The acquisition will expand Evolve marketing capabilities. Financial terms of the deal were not disclosed.
MARINA DEL REY
Seed Round: Local ID, a Marina del Rey software company, has raised $1.9 million in a seed round led by Venice’s Crosscut Ventures. Local ID’s software program helps brick-and-mortar store with marketing and management.
Series A: Glendale software developer ServiceTitan has announced that it received $18 million in Series A funding in a round led by Menlo Park’s Bessemer Venture Partners. The firm’s cloud-based software assists electrical and plumbing contractors to streamline operations and improve customer service. ServiceTitan said it will use the money to expand its business.
SAN FERNANDO VALLEY
Checking In: IPC Healthcare Inc., a North Hollywood company that provides doctors to hospitals and nursing homes, has announced it had acquired Extended Care Physicians, a doctors group in Asheville, N.C. IPC estimates that the pickup will add 160,000 doctor visits a year to its total.
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