A weekly roundup of must-read L.A. tech investments and acquisitions.
$20 million Type: Equity
Location: Culver City
Investors: Sequoia Capital
Description: Sequoia Capital led Clutter’s Series B after also leading its Series A round in October. Clutter’s on-demand app allows customers to have their things packed, picked up, and put into self-storage. The startup’s staff photographs, barcodes, and inventories items before they are packed. The company’s movers and packers are full-time employees rather than independent contractors. Clutter sublets space in industrial warehouses.
Location: Santa Monica
Seller: Demand Media Inc.
Description: Demand Media Inc. has sold its humor website, Cracked.com, to E.W. Scripps Co. of Cincinnati for $39 million in cash. The sale was motivated by Demand Media’s desire to narrow its portfolio of internet companies and add cash to its balance sheet, said Chief Executive Sean Moriarty.
Van Dyke Technology Group Inc.
Location: Columbia, Md.
Buyer: Jacobs Engineering
Description: Jacobs Engineering Group Inc. acquired Van Dyke Technology Group Inc., a 180-person cybersecurity firm catering to government clients such as U.S. intelligence agencies. Jacobs, based in Pasadena, sees the Van Dyke pickup as an addition to its roster of government IT services, but it also plans to use the firm’s cybersecurity expertise for private clients.
Description: Sysrepublic, a retail fraud detection software developer, was bought for an undisclosed amount by Appriss of Louisville. Appriss makes software crash reporting programs, retail fraud prevention software, and health care compliance software.
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