Making Splash: Water Planet Inc., an Inglewood water treatment company, has concluded a Series B funding round including Paris industrial gas company Air Liquide and UCLA Venture Fund. The amount of funding raised was not disclosed. Water Planet said the money would go to the development of its wastewater treatment technologies.
Cheers: Saucey, a West Hollywood developer of an alcohol-on-demand app, has raised $4.5 million in an equity round led by San Francisco’s Blumberg Capital. Saucey, which sources alcohol from local liquor-licensed shops and promises delivery in one hour or less, operates in Los Angeles, San Diego, San Francisco and Chicago.
Apartments Deal: Century City’s Optimus Properties has acquired a Hollywood multifamily property for $10 million from downtown L.A.’s Lion Real Estate Group. The 71-unit, 49,744-square-foot building, at 1025 N. Serrano Ave., was built in 1927. Lion Real Estate spent $400,000 to upgrade the property.
Treatment Centers: Monte Nido Holdings, a Malibu-based provider of treatment services for eating disorders and exercise addiction, has been sold by middle-market private equity firm Centre Partners Management, whose local office is in West Los Angeles, to Beverly Hills’ Levine Leichman Capital Partners. Monte Nido, founded in 1996, operates 17 facilities and has locations in Oregon and New York state. Financial terms of the deal were not disclosed.
Game On: Mobcrush, a Santa Monica operator of a platform that streams video of people playing video games, has raised $11 million in an equity round led by Menlo Park’s Kleiner Perkins Caufield & Byers. Still beta testing its product, Mobcrush plans to use the funding to fuel user growth as part of its October public launch.
Suited Up: Just nine months after raising a $10 million Series A round, Santa Monica online tuxedo rental operation Black Tux has closed a $25 million Series B round. The round was led by New York’s Stripes Group. The tuxedo rental service, which operates completely online, has raised more than $40 million in venture capital since its founding in 2013.
Shot in Arm: SetPoint Medical, a Valencia biotech firm, has received a $27 million investment from new and existing investors, including the venture capital fund of multinational pharmaceutical company GlaxoSmithKline. SetPoint will use the financing to expand clinical development of its bioelectronic therapy for rheumatoid arthritis and Crohn’s disease.
SAN FERNANDO VALLEY
Digging In: Walker Zanger Inc., a luxury stone and tile maker in Sun Valley, has purchased Mustang Stone Quarries, owner of an unused rock quarry business in Bromide, Okla. The 60-year-old, family-owned Walker Zanger had previously purchased stone from quarries around the world; this its first purchased of a quarry. Financial terms of the deal were not disclosed.
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