CaseRev, Inc., a San Diego software firm that provides real-time management tools for high volume litigation to insurers and claims administrators, announced the closing of a $4 million round of equity funding led by Rustic Canyon Partners, whose Michael Song was elected to the CaseRev board of directors. Rustic Canyon, the Santa Monica company featured in this space two weeks ago as the largest venture capital firm in Los Angeles and Orange counties, has $800 million under management and invests in early stage and middle-market companies. www.rusticcanyon.com
The Santa Monica Chamber of Commerce has partnered with local nonprofit Chrysalis in an effort to find transitional employment opportunities for economically disadvantaged and formerly homeless residents who want to work. Chrysalis will provide fully screened and prepared workers for 60- to 90-day internships in local businesses. Chamber President Kathryn Dodson said the program “is our attempt to respond to the requests we get from members asking what they, as individual business owners, can do to help.”
This announcement follows the Santa Monica Chamber’s action in teaming with Big Brothers Big Sisters of Greater Los Angeles and Virginia Avenue Park to find mentors for local youth. www.smchamber. com and www.changelives.org
Santa Monica-based National Planning Holdings, Inc., the nation’s seventh-largest independent broker-dealer network (by gross revenue according to InvestmentNews), has named Jennifer Landefeld as senior vice president of compliance, in which position she will oversee regulatory activities for the company and its affiliates. Ms. Landefeld, 47, is a UCLA graduate and holds various licenses from, and has held various positions with, the National Association of Securities Dealers (NASD).
St. John’s Health Center, the 317-bed, not-for-profit, acute care hospital serving Santa Monica and neighboring communities, announced that its long-standing affiliation with the John Wayne Cancer Institute has become a permanent alliance. Saint John’s President and CEO Lou Lazatin will serve as president and CEO of both organizations, and each will retain its own independent nonprofit status for fundraising and operational purposes. Since 1981, the John Wayne name has been committed by the Wayne family to groundbreaking cancer research and education in memory of their father, who died of cancer.
Holding its annual meeting in Santa Monica on August 5, Certified Financial Planner Board of Standards, Inc. “awarded a total of $875,567 in grant funding to 20 projects that are developing innovative and sustainable methods of bringing the benefits of financial planning to communities not traditionally reached by the financial planning profession,” according to the organization. The 20 projects/communities that qualified for the grants ranged from the Bronx to Wisconsin, but did not include Santa Monica. www.CFP.net
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