Tuesday, October 26, 2010Calacanis Boosts RiptanoJason Calacanis, the CEO of Mahalo.com and well known angel investor, said today that he has invested in Riptano, the developer of the open source, Apache Cassandra online transaction database software. Calacanis joined Lightspeed Venture Partners, Sequoia Capital, Rackspace Hosting, and others as an investor in the firm. Calacanis, in his blog, said that he's the only angel that is invested in the deal, and that he brokered the introduction to Sequoia Capital. Riptano is based in Austin, Texas. (More info...)
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Broadcom Buys PercelloIrvine-based Broadcom has acquired Percello Ltd., a developer of systems a developer of systems-on-a-chip for femtocells, the firm said Tuesday afternoon. Broadcom said it would pay $86M net of cash to acquire Percello, in a combination of cash plus employee stock options. The firm also said it will hold up to $12.0M in earnout for former holders of Percello's capital stock. Percello's femtocell semiconductors are used in small, low power cellular base stations for indoor cell phone coverage. Th (More info...)
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ReachLocal Grows Revenues By 47 PercentWoodland Hills-based ReachLocal, the provider of local online marketing services for small and medium sized businesses, reported its results Tuesday, saying that it had $77.1M in revenues for Q3 of 2010, up 47 percent from Q3 of last year, when it had $52.6M in revenues. The quarterly results were a 10 percent growth from the prior quarter. The firm reported a net loss of $2.8M, compared with net income of $14.9M for the quarter. The firm's net income last year in Q3 was boosted by a one-time ga (More info...)
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Oversee Resolves SnapNames LawsuitsLos Angeles-based Oversee.net, the operator of Internet marketing and domain monetization services, said today with subsidiary SnapNames that they have resolved two lawsuits filed as a result of a former employee's improper bidding activity. According to Oversee and SnapNames, they have reached a preliminary settlement in the class action lawsuit Resmer vs. SnapNames.com and Oversee.net. The lawsuit had been filed shortly after the firms announced a rebate program for customers last year. The tw (More info...)
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CapLinked Ties With MicroVenturesLos Angeles-based CapLinked, the developer of software-as-a-service for entrepreneurs and investors to manage investors communications, which is headed by PayPal vet Eric M. Jackson, said today that it has linked with MicroVentures, a micro-lending and peer-to-peer lending service. According to the two, they are in a partnership where startups that are using MicroVentures' funding service can get access to CapLinked's platform.
MicroVentures offers up an online, peer-to-peer marketplace for e (More info...)
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TrueCar Announces Used Vehicle Pricing IndexSanta Monica-based TrueCar, the car pricing startup headed by Scott Painter, has announced a new product today, focused on used vehicle pricing. According to TrueCar, its new ClearBook service will provide a used vehicle pricing index, based on pure computational analytics, using the firm's ability to tap into aggregated used car listings. The new service shows consumers a price distribution curve, so that consumers can see how a used car might sell for based on actual, marketing listing prices. (More info...)
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Goldstar Launches Nationwide ExpansionLos Angeles-based Goldstar, the online marketer of ticket offers and deals, announced today that it is in a major, nationwide expansion. The firm, which is headed by Jim McCarthy, said that it will be in all of the top 25 US markets in 2011, starting with the addition of Atlanta, Sacramento, and Portland Oregon starting in Q4 of this year. Goldstar offers up half-price tickets to local concerts, theaters, comedy clubs, sporting events, and much more through a weekly email newsletter. The firm's (More info...)
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The Trade Desk Taps eBay For New ExecVentura-based The Trade Desk, the newest Internet advertising startup of Jeff Green, former co-founder of AdECN, said today that it has tapped an eBay vet for its new Director of Platform Solutions. The Trade Desk said that Adrienne Buhmann, who previously was at eBay, will head up the new position. The Trade Desk is developing an Internet advertising platform which uses detailed data analytics and information to better target and price Internet advertising; the firm is using both Internet and w (More info...)
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aTyr Pharma Nabs $23MSan Diego-based aTyr Pharma, a developer of biotherapeutics aimed at the blood, immune, and metabolism disorder areas, announced today that it has raised $23M in a Series C equity financing round. The round was led by Domain Associates, and also included prior investors Alta Partners, Cardinal Partners, and Polar Ventures. According to aTyr, the new funding will go towards accelerating its preclinical pipeline and to advance products into clinical trials. James C. Blair of Domain Associates join (More info...)
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Kelley Blue Book Acquired By AutoTrader.comIrvine-based Kelley Blue Book, the provider of new and used car pricing information, has been acquired by AutoTrader.com, which is based in Atlanta. Financial details of the deal were not announced. As part of the deal, AutoTrader.com said it is also acquiring CDMdata and CDM Dealer Services, two of Kelley Blue Book's sister companies. Kelley Blue Book will become a subsidiary of AutoTrader.com, and continue to be headquartered in Irvine. Kelly blue Book was advised by J.P. Morgan in the deal; A (More info...)
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PURE Bioscience Gets $2.376M In PIPESan Diego-based PURE Bioscience, a publicly held developer of antimicrobial compounds, said today that it has raised $2.376M in a private placement. Name of the investors were not disclosed. The firm said it sold 1,080,000 new shares of its stock at $2.20 per share. The firm said the new funding will go towards working capital.
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