Wednesday, June 14, 2006BridgeCo Raises $23MLos Angeles-based BridgeCo has raised a Series D funding, bringing in a total of $23M from Advent Venture Partners and Wellington Partners, along with existing investors. The firm is developing digital home networking silicon used for connecting consumer electronics and computers. The firm recently moved its headquarters to Los Angeles, saying that its new El Segundo headquarters will include its executive staff and sales and marketing, with it existing team in Zurich, Switzerland focused on en (More info...)
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Sequoia Communications Finds $25MSan Diego-based Sequoia Communications has raised a $25M round of funding, the firm said Tuesday. The Series E round of funding was led by BlueRun Ventures, the venture capital arm of Nokia Corp., and also included participation by Tallwood Venture Capital and Motorola. Sequoia Communications is developing RF semiconductors that are multi-modal, and can support HSDPA/WEDGE and other radio protocols on a single chip. The firm said it will use the funding to take its SEQ5400 chip into full volume (More info...)
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mSnap Closes Series ASan Diego-based mSnap, which provides text messaging and mobile marketing solutions for broadcasters, has raised a Series A venture round. The venture funding came from Partech International. mSnap said that the funding will be used to accelerate the companhy's development process, and to expand overall marketing and business development. The firm received seed funding from First Round Capital in December of 2005. mSnap develops programming tools to provide radio broadcasters with text messaging (More info...)
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Paciolan Acquires College Athletics SoftwareIrvine-based Paciolan said earlier this week that it has acquired fundraising software solution from Lutz Software Solutions. Terms of the purchase were not disclosed. Lutz operates Advantage and DonorNet, web-based software that is used by college athletics organizations to manage relationships with season ticket holders and others. The Lutz software will be renamed Fundraiser’s Advantage and Fundraiser’s DonorNet. The purchase adds the Lutz products to its suite of fundraising solutions. P (More info...)
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LowerMyBills.com Wins Lawsuit Against FirmSanta Monica-based LowerMyBills.com said Tuesday that it has secured a court judgement against SPENDonLIFE, in the firm's copyright infringement lawsuit against the company. LowerMyBills.com filed a lawsuit against One Technologies LP, the firm that runs SPENDonLIFE.com, for copying multiple LowerMyBills.com online banner advertisements. LowerMyBills.com said that the judgement is the company's second in the copyright infringement area since January. The company said that it is also pursuing oth (More info...)
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Zag Buys Auto Buying ServiceSanta Monica-based Zag has acquired another automotive business, this time purchasing Automotive Invitational Services (AIS), an auto-buying program operator that serves the American Automobile Association (AAA). The company, which is developing an automobile technology and service to change the way consumers purchase cars, said that the move will allow it to provide AAA members with a better car buying experience. Zag recently purchased Autoland, a major provider of automobiles to credit unions (More info...)
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