Tuesday, July 29, 2008
FanLib.com Shuts Down
Los Angeles-based FanLib.com, an online site focused on "fan fiction"--fan created stories based on popular characters and movies--has shut down. According to a notice on FanLib's web site, the site will shut down on Monday, August 4th. No reason for the shutdown was given. Fanlib was backed by $3M in venture capital by H.I.G. Capital. paidContent.org's Rafat Ali speculated in a story earlier today that a deal for Disney to purchase the site had fallen through; paidContent had reported a possibl (More info...)

posted on Tuesday, July 29, 2008(Full story)

H2scan Gets $4M
Valencia-based H2scan Corporation, a provider of hydrogen leak detection and monitoring technology, said Tuesday that the firm has raised $4M in a Series D funding round. The round came from Chrysalix Energy Venture Capital, H5 Capital, L.P., Tri-Strip Associates, LLC, TGB Partners and Ravinia Venture Fund. Members of the Tech Coast Angels and Pasadena Angels also participated. According to H2scan, the funding round has gone to upgrade its production and R&D facility, toward additional equipment (More info...)

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Six Degrees Games Raises $7M
Marina Del Rey-based Six Degrees Games, a stealth mode developer of video games, has quietly raised venture capital worth $7M. The funding was first disclosed in the PricewaterhouseCoopers/NVCA MoneyTree Q2 report earlier this month. No names of investors were disclosed, however Prism VentureWorks now lists Six Degrees as a portfolio firm of the company. Prism describes Six Degrees as "publishing a casual virtual world targeting tweens."

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DivX, CinemaNow Team On Distribution
San Diego-based DivX and Marina Del Rey-based CinemaNow have teamed up to distribute CinemaNow's video on demand titles via the DivX format, the two announced today. According to the companies, they are in an agreement which will allow CinemaNow users ability to download premium content onto DivX enabled PCs, DVD players, mobile devices, and other consumer electronics devices. Financial terms of the deal between the two companies was not disclosed. DivX is a provider of video encoding and decodi (More info...)

posted on Tuesday, July 29, 2008(Full story)

Interview with Tom Munro, Verimatrix
Last week, San Diego-based Verimatrix (www.verimatrix.com) raised a new round of funding from Goldman Sachs. The firm is a provider of technology to the set-top box market, particularly in the way of security and digital rights management. We spoke with Tom Munro, the firm's CEO, about what Verimatrix does, the reason for the new round, and to get Tom's insights into the dynamics of the set-top box market.

For our readers who haven't heard of Verimatrix, what is your business?

Tom Munro: W (More info...)

posted on Tuesday, July 29, 2008(Full story)

Accruent Gets SAP Nod
Santa Monica-based Accruent, which develops software for real estate management, said Monday that the firm has gained certification from software vendor SAP. Accruent said that its Accruent RPM 7.1.1. product suite was certified as "Powered by SAP NetWeaver," a program run by SAP indicating that the firm's software now integrates with SAP's products. Accruent's software is used for real estate and facilities management, and now connects into SAP's enterprise software.

posted on Tuesday, July 29, 2008(Full story)

SocialVibe Racks Up Donations
Los Angeles-based SocialVibe, a venture-backed, online social media web site focused on charity fundraising, announced today that the site has raised more than $100,000 in donations to charities. The company, which is venture backed by Redpoint Ventures, allows consumers to endorse brands and causes via social media widgets on Facebook, MySpace, blogs, and other web sites. Users select a charity they'd like to support, a sponsor for that charity, and post their widgets to their personal pages; e (More info...)

posted on Tuesday, July 29, 2008(Full story)

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