Pray.com, an interfaith social networking app for members of religious communities, has raised a $14 million Series A round, Techcrunch reports. The round was led by TPG Growth and included previous investors Science Inc. and Greylock Partners, bringing the Santa Monica-based startup’s total funding to $16 million.
Desilu Studios Acquires Vonetize
Los Angeles-based content producer Desilu Studios has acquired a controlling stake in Vonetize, an Israeli digital streaming technology startup, PRnewswire reports. Vonetize, which is traded on the Tel Aviv Stock Exchange, helps distribute content on the Internet for studios, and works with customers such as Samsung, LG, Disney, Warner Brothers, Fox, Sony, Universal and others.
Clearlake Capital Closes Fund V with $3.6 Billion
Clearlake Capital Group, the Santa Monica-based investment firm, announced it completed fundraising for its Fund V at $3.6 billion, the Business Journal reports. According to the press release, the fund was hard capped at $3.6 billion, exceeding its target and making it Clearlake’s largest private equity fund ever. The fund is already actively investing in Perforce Software, Diligent Corporation, Janus International, ProVation Medical and Wheel Pros. Fund V received over 150 institutional investments from more than 25 countries and includes investors from both the public and private sectors. The closing of the fund brings Clearlake’s overall capital commitments to $7 billion.
Technology reporter Eli Horowitz can be reached at [email protected]. Follow him on Twitter @coachhorowitz13 for the latest in L.A. tech news.
