PacWest
9701 Wilshire Blvd, Suite 700, Beverly Hills, CA, 90212, United States
Overview
PacWest Bancorp (“PacWest”) is a bank holding company with $5.3 billion in assets as of March 31, 2013, with one wholly-owned banking subsidiary, Pacific Western Bank (“Pacific Western”). Through 75 full-service branches, Pacific Western provides commercial banking services, including real estate, construction, and commercial loans, to small and medium-sized businesses. Pacific Western's branches are located throughout California in Los Angeles, Orange, Riverside, San Bernardino, Santa Barbara, San Diego, San Francisco, San Luis Obispo, San Mateo, and Ventura Counties. Through its subsidiaries, BFI Business Finance and Celtic Capital Corporation, and its divisions, First Community Financial and Pacific Western Equipment Finance, Pacific Western also provides working capital financing and equipment leasing to growing companies located throughout the United States, with a focus on the Southwest, primarily in Arizona, California, Utah and Texas. Additional information regarding PacWest is available on the Internet at www.pacwestbancorp.com. Information regarding Pacific Western Bank is also available on the Internet at www.pacificwesternbank.com.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Banking
- Financial Services
Investment portfolio
- Crowdbotics
Participated · Seed · Jan 2022
Crowdbotics offers a catalog of reusable modules and prebuilt app architectures that let customers convert specifications into code, typically in React, React Native and Django, and deploy to web, Android, iOS, or on‑premise. Founded by Anand Kulkarni in 2017, the platform includes a planning engine powered by historical data and supports private module libraries for enterprises to maintain reusable components. Customers can also hire project managers and developers from Crowdbotics' gig marketplace and pay a monthly subscription for hosting, infrastructure, maintenance, and monitoring. The company plans to use the $40M Series B to expand its enterprise presence, grow product offerings, and increase its customer base. Crowdbotics reports over 500 customers — the largest being the U.S. Air Force — and says revenue has tripled year‑over‑year for the past three years. It has a 90‑person workforce that management expects to double by year‑end 2023 and has raised over $68 million in funding to date. Crowdbotics provides a low-code platform that lets users visually build React Native and Django applications while producing real, editable source code synced to GitHub. The platform supports deployment to hosting providers like Heroku and offers managed app development services and on-demand engineering. Crowdbotics serves over 1,400 customers and, as of May 2021, reports more than 20,000 apps launched on its platform. The company emphasizes transparency and anti–vendor lock-in by allowing customers to export and host their own code. Crowdbotics employs around fifty people and reported ending 2021 with a run rate comfortably north of $10 million, representing ~300% growth year-over-year. Planned product investments include more prefab features and architectures, improved design tooling, a more powerful product management-as-a-service suite, and niche features for industries such as health care, finance, education, tech, media, and Web 3.0.