Goldstar Events Inc.
$20.3 Million
Type: Equity
Location: Pasadena
Investors: Undisclosed
Description: Goldstar’s recent financing was disclosed in a Securities and Exchange Commission filing. The company provides discount tickets to theaters, concerts, nightlife, comedy, sports and other events. Founded in 2002, Goldstar competes against services such as Groupon and Living Social. The service sells half-priced tickets for venues that aren’t selling out and charges a 5 percent commission on each ticket sold.
OpenHouse (formerly Agent Ace)
$13.5 Million
Type: Equity
Location: Santa Monica
Investors: The funding was led by Triangle Peak Partners and March Capital Partners and had participation from undisclosed strategic investors.
Description: In addition to raising $13.5 million, real estate agent matching website Agent Ace of Santa Monica acquired home-search website Fypio and rebranded as OpenHouse. Agent Ace and Fypio’s functions are being combined into an iOS app named OpenHouse, which will help house hunters find a home and then a real estate agent to buy that home. The app also lists homes and helps house sellers find a real estate agent who will maximize its sale price.
OnRamp Fund
$10 Million
Type: Incubator Fund
Location: Downtown
Investors: The fund comes from former Oversee.net Chief Executive Lawrence Ng and a few undisclosed investors.
Description: The fund will make investments between $50,000 and $200,000 in early stage startups, often e-commerce companies. The incubator will have an operational involvement in startups similar to Santa Monica startup studio Science Inc. OnRamp has nine employees who work between offices in downtown Los Angeles, Shanghai, China and Taipei, Taiwan. OnRamp’s Shanghai office is used to help connect retailers with manufacturers in China, while its Taipei staff help find engineering talent.
Card.com
$9 million
Type: Equity
Location: Santa Monica
Investors: The round came from Columbia Pacific Advisors’ Growth Capital Strategy and Fenway Summer Ventures.
Description: Card.com sells pre-paid debit cards, which can be loaded with cash from a variety of platforms such as Green Dot Reload, Western Union, MoneyGram and PayPal. The company said it has over $450 million in deposits to date and last month opened more than 50,000 new accounts. The company has 35 employees in Santa Monica.
Tuition.io
$5 million
Type: Equity
Location: Santa Monica
Investors: The funding came from MassMutual Ventures, Wildcat Venture Partners and Mohr Davidow Ventures.
Description: Student loan repayment service Tuition.io of Santa Monica provides student loan consolidation and repayment management as an employee benefit. The new round of funding will help Tuition.io acquire new enterprise customers, and grow its sales, customer service and engineering teams.
PCM
$800 million
Type: Acquisition
Location: El Segundo
Purchased Assets: Business-to-business assets of Systemax’s North American Technology Group
Description: Under the agreement, PCM will acquire the right to hire approximately 400 sales representatives across the United States and Canada, certain contracts, and intellectual property rights to brands including TigerDirect, an online retailer of electronics and other products, among others.
Technology reporter Garrett Reim can be reached at [email protected]. Follow him on Twitter @garrettreim for the latest in L.A. tech news.
