Thursday, October 6, 2011
Ventura Ventures Technology Center (V2TC) - Business Incubator
The Ventura Ventures Technology Center (V2TC) is a high-tech business incubator located in downtown Ventura, CA. V2TC offers a creative environment where high-tech start-ups and entrepreneurs can network, brainstorm, and grow their business. Work-spaces are affordable, flexible and scalable in order to allow companies the ability to manage their growth effectively and efficiently.

Learn more at

CoDa Therapeutics Lands $6M Credit Facility
San Diego-based CoDa Therapeutics, a developer of biopharmaceuticals for wound care, has scored $6M in a credit facility, according to the firm's lender. Square 1 Bank said that it has provided CoDa Therapeutics with a $6M term loan. Terms of that loan were not disclosed. CoDa Therapeutics is backed by Domain Associates, GBS Venture Partners, and BioPacificVentures. The company last raised a round of venture funding in April, worth $19M.

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CapLinked Launches Pitch Competition
Los Angeles-based CapLinked, the developer of an online platform for managing fundraising and investors, said this morning that it has launched a new pitch competition. According to the firm, the new competitoin is a way to help entrepreneurs get noticed and gain exposure for their companies, with the finalists invited to make a live, online "pitch-off" to a panel of judges. The firm said that judges for the competition come form Idealab, Rincon, Rapidfire, and Actarus, including Idealab's Alex (More info...)

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Qualcomm Boosts QPrize Winner Enterproid
San Diego-based Qualcomm is putting its money behind one of the winners of its second annual QPrize Venture Investment Competition, New York-based Enterproid, Enterproid revealed Thursday. According to Enterproid, it has raised $11M in a Series A funding round, led by Comcast Ventures and which also included both Qualcomm Ventures and Google Ventures, for its mobile enterprise software which allow enterprise users to access their corporate information from their own, personal mobile devices. Ent (More info...)

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Xfire Raises $4M More
Los Angeles-based Xfire, the online community and chat service for gamers, announced Thursday that it has raised $4M in a new funding round. The firm said the round was led by Intel Capital, and also included Tomorrow Ventures, William Quigley and Jim Armstrong of Clearstone Ventures, Kamran Pourzanjani of PriceGrabber, and founder Michael Robertson. Xfire said it has split from Titan Gaming as an independent firm as part of the funding, and the company also ushered in a new executive te (More info...)

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Greener Capital Gets First Close On New Fund
Greener Capital, a venture capital fund focused on clean technology which has offices in Laguna Beach, said today that it has scored a first close on its second fund, Greener Capital Partners II. The fund size is $33M. The firm is headed by Thomas Caine, Charles Finnie, and Michael Katz. Cain was a co-founder of SAIL Venture Partners, the venture firm based in Irvine; Finnie was at ; and Katz was an investor and CEO in Oryxe Energy International, which was also based in Irvine. Greener Capital P (More info...)

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SRS Labs Launches iPhone Music Player
Santa Ana-based SRS Labs, the developer of surround sound and audio enhancement technology, said today that it is looking to one-up the built in music player on the iPhone and iPod touch, with its own app. The firm said its new MyTunes app, which is free for the basic app but $4.99 for premium features, supports the existing iTunes music library on those devices, but instead uses SRS audio processing technology and other features. The firm claims that the use of its SRS WOW HD processing "restor (More info...)

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Boingo Wireless Takes Manhattan
Los Angeles-based Boingo Wireless, the operator of an extensive network of Wi-Fi access points, reported this morning that it has inked a deal with Towerstream Corporation to manage that firm's Internet services in Manhattan. Boingo said that the network operated by Towerstream will broadcast its Boingo Hotspot SSID, and allow Boingo users and others to access or purchase Wi-Fi across Manhattan. The two companies said they expect the Boingo-managed network in Manhattan will launch before the end (More info...)

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WD Connects Media Player To Spotify
Irvine-based Western Digital, the developer of disk drives and other electronics products, said today that it has launched a new version of its streaming media player which connects with the Spotify music service. WD said its new WD TV Live streaming media player will offer up direct support for streaming Spotify to users, in addition to streaming Netflix, Hulu Plus, Blockbuster, Pandora, YouTube and other services to a TV. The WD streaming media player uses wireless 802.11n to connect to the In (More info...)

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Kareo Raises $10M For Medical Billing Software
Irvine-based Kareo, a developer of cloud-based practice management and medical billing software, announced today that it has raised $10M in an equity investment round. The round was led by Greenspring Associates, and also included OpenView Venture Partners, Western Technology Investment, and angel investor Travis Kalanick. Kareo, which was founded by Dan Rodrigues, offers up a software-as-a-service offering aimed at physicians in small practices, and which helps them manage their practice and co (More info...)

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Zuuka Launches Smurfy iPhone App
Santa Barbara-based Zuuka, the mobile app and story publisher behind the iStoryTime line of digital storybooks for children, is branching its efforts into digital entertainment publishing today. The firm is announcing iTalk Smurf, an iPhone and iPod Touch app based on the blue characters, which allows users to speak into their device and have Clumsy the smurf repeat everything back in a "smurfy voice". The app also allows users to interact with the Smurf and see him sneeze, laugh, groan, and mor (More info...)

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Contour Energy Closes $20M In Series C
Azusa-based Contour Energy Systems, the developer of battery technology based on research from Caltech, announced this morning that it has raised $20M in a Series C funding round. The company said it added new investor SBI Jeffries Asia Fund L.P. as a new investor in the round. Other investors in the round included CMEA Capital, Harris & Harris, Schlumberger and U.S. Venture Partners. The firm said the new funding will go towards production capacity and working capital. Contour Energy Systems is (More info...)

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Siemer & Associates Publishes Q2 2011 Exit Report - Download Today
Siemer & Associates, the merchant bank serving the digital media, software, and technology industry, has published its Q2 2011 Exit Report.

The report provides an in-depth review of M&A activity and public company
valuation metrics in the digital media and software industries during the second quarter of 2011.

Click below to read the full report:

Trinet White Paper: Options for handling your HR functions
HR is a necessity when you have employees. And what could be better than taking a set of duties which although a necessity, are not a core competence off your plate? According to a Small Business Association study, the average small business owner spends 25%+ of the time handling employee-related paperwork.

This average increases to a staggering 35-45% if the tasks include recruitment, hiring, and training of new employees. After all, you have no interest in processing payroll twice a month, negotiating benefits with insurance carriers, or worrying about how to comply with a litany of government regulations. You entered into business to build a lasting legacy, deliver great products or services, and generate revenue doing what you do best. So why NOT outsource HR? Read this paper to learn more.

Read more at:

Calling all Startups! Apply To Meet The VCs!
Calling all Startups!

The Los Angeles Venture Association (LAVA) invites you to our third annual Meet the VCs night on Tuesday, October 11th.

Here's your big opportunity to meet with more than 25 venture capitalists and major angel groups. During the course of two hours, you will get to meet each of them and learn about what they look for in potential
startup investments.

Don't miss out on this great opportunity! Apply to participate here:

Fetch Recruiting, Inc.
Fetch Recruiting, Inc. (
Technical Recruiting for LA based Startups and High-Growth Companies

Costello and Sons Technology Insurance Brokers
Insuring Innovation.

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