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Casa Verde Capital Raises $45M Investment Fund

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West Hollywood-based Casa Verde Capital said this week that it has raised $45M in its debut, investment fund, which will specifically invest in the "ancillary cannabis" industry.

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SocialVibe Raises $11.65M

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West Hollywood-based SocialVibe , an online site which combines social media with support for brands and charities, has raised $11.65M in a Series C funding round, according to a regulatory filing by the firm Monday. No details on the funding have been announced by the company. READ MORE>>.

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Hutch Raises $10M Funding From Zillow

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West Hollywood-based Hutch , the home interior design app developer led by Beatrice Fischel-Bock, has raised a $10M round of funding from Zillow Group , the company said this morning. As part of the funding, Zillow's Spencer Rascoff joins the company's board.

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Report: Backstage Capital Shifting To Accelerator Model After Fundraising Issues

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West Hollywood-based venture investment firm Backstage Capital is shifting entirely to an accelerator model, according to reports today, after failing to raise a new, $36M venture capital fund. Backstage Capital focuses on focuses on minorities, including women, People of Color, and LGBT founders.

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Citysearch, IAC Looks To Contest For Business Ideas

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West Hollywood-based Citysearch , the local reviews and directory service of IAC, has taken an unusual approach to finding its next business idea: it's running a contest which asks its users to submit a "brilliant" idea for web and mobile applications. Tags: citysearch business contest idea venture capital equity.

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Dear Media Finds $8M

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West Hollywood-based Dear Media , which is developing a podcasting network focused on female voices, said on Thursday that it has raised $8M in a funding round. The funding came from private equity investor Magnet Companies. Dear Media is led by CEO Michael Bosstick, and the company was co-founded with Raina Penchansky.

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Modern Animal Snags $75.5M For Veterinary Care

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in funding. The funding included both a $35.5M Series A funding, led by True Ventures, and a $40M Series B funding led by Founders Fund. The funding also included Upfront Ventures. According to the company, the funding will be used for rapid expansion, plus continued development of the company.