Avalon Ventures Backs Pingup

Avalon Ventures, the La Jolla- and Cambridge-based venture capital firm, has backed a new startup, Pingup, which lets consumers text nightclubs for reservations and information. According to Pingup Tuesday, it raised $1M in a seed funding round from Avalon Ventures, led by Brady Bohrmann. Pingup is based in Boston, and currently lets users in Boston and Miami's South Beach area text restaurants and nighclubs for reservations and questions. More information »