San Luis Obispo-based Mindbody has raised $50 million in new capital, its largest amount to date, that will used to fund global expansion and mobile product development. The raise brings its total venture capital raised thus far to more than $110 million and likely marks the largest-ever raise in San Luis Obispo County.
Ventura-based digital advertising firm Connexity has been purchased by Shopzilla, an online comparison shopping website out of Los Angeles, for an undisclosed sum.
The deal marks the first exit for a business that had operated out of the Ventura Ventures Technology Center, the city of Ventura’s startup incubator.
SpaceX engine chief Tom Mueller spoke to a crowd of more than 100 in Santa Barbara on Feb. 19 at an event called “Exploring the Next Frontier: The Commercialization of Space is Lifting Off” hosted by the Central Coast MIT Enterprise Forum.
One of the most prominent oil field redevelopments in Santa Barbara County is set to be acquired by a Chinese jewelry firm. Houston-based ERG Resources confirmed to the Business Times that it is set to be acquired by Beijing-based Goldleaf Jewelry Co., a jewelry firm that also has gold mining investments.
Vitesse, which had $103.7 million in revenue last year, is hoping that the Internet of things will converge with the turnaround strategy it has been mounting for the past several years that is starting to come to fruition.
Conversant will align all of its business units — including a new SET Media video unit that it acquired for $26 million in cash and $4 million in stock days after its name change — around the goal of direct conversations between advertisers and consumers.
Elite Meetings International is a company that started out aiming to make it easier for corporate planners to find a good luxury hotel but ended up helping those same hotels do more business by creating better booking software.
