santa monica

Counter Brands is getting a billion-dollar makeover, and joining the unicorn club.

The parent company of Beautycounter, which makes eco-friendly skin-care products and cosmetics, is being acquired by the massive private equity firm, The Carlyle Group, executives at the companies announced Tuesday.

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On this week's L.A. Venture podcast, we meet Phil Sanderson — one of the founders and managing director of the venture capital firm Griffin Gaming Partners. Griffin is a $250 million fund investing in the global expansion of gaming, and is based in Santa Monica.

Sanderson has been investing in some of the most innovative gaming entrepreneurs for the last 23 years — including Discord, Thriller, Pandora and Phoenix Labs. Griffin invests in early and late stage, infrastructure and content companies in the gaming industry worldwide.

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Santa Monica's Clocktower Technology Ventures is going south.

The venture arm of the global macro investment firm, Clocktower Group, announced Wednesday it is raising a $25 million fund focusing on financial services innovation – or Fintech – in Latin America.

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