Tuesday, August 20, 2013
Get the latest PwC SoCal MoneyTree Report!
Are you interested in understanding the latest trends in venture capital investments in Southern California? Want to know how the region did in terms of venture capital? PwC has just posted the results of the Q2 2013 Southern California venture deals, in its Shaking The MoneyTree presentation and update from HJ Paik, Director, Emerging Company Services

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Acutus Medical Closes Out Series B At $28M
San Diego-based minimally invasive, cardiac catheter developer Acutus Medical reported Tuesday that it has closed out its Series B funding at $28M. According to the company, the round was led by OrbiMed Advisors and GE Ventures, and also included existing investors Index Ventures and Advent Life Sciences. Acutus had announced the initial close of the round, which was worth $21M, back in June. According to the company, it will be using the new funding to support product development, clinical tria (More info...)

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Radical.FM Takes On Music Streaming For iOS

A Los Angeles startup has launched itself into the streaming music fray today on iOS, saying it has debuted an iOS version of Radical.FM, a new music streaming service offering up a catalog of 25 million songs--and including such artists as The Beatles, AC/DC, and Bob Seger. The Venice, California startup, led by Thomas McAlevey, said it differentiates itself from the current crop of streaming music services by offering up a human algorithm, rare online tracks, and "pay-what-you-can" music st (More info...)

posted on Tuesday, August 20, 2013(Full story)

olloclip Debuts New Telephoto Lens For The iPhone
olloclip, the manufacturer of a range of photo-related accessories for the iPhone, has launched a new product today, saying it has launched a new Telephone + Circular Polarizing Lens. The Huntington Beach-based company, which is best known for its combo wide angle, fisheye, and macro lens accessory, said the new telephoto lens lets users zoom in 2x, and help enhance the colors and reduce glare to the iPhone's camera. The company says it is shipping the product both directly from its website, as (More info...)

posted on Tuesday, August 20, 2013(Full story)

TubeStart Launches Crowdfunding Site For YouTube Projects
Have a great idea for a online video project, but just need a little funding for equipment, actors, or editing? A new, Santa Monica-based startup TubeStart, said today that it has launched its crowdfunding platform specifically for YouTube video content creators. The startup--founded and headed by Josef Holm--said it not only allows traditional, crowdfunding campaigns with specific dollar goals--but also lets supporters sign up for "subscriptions" of between $5 and $150 monthly to support YouTub (More info...)

posted on Tuesday, August 20, 2013(Full story)

ParkMe Extends Real-Time Parking To San Francisco
Los Angeles-based mobile parking app developer ParkMe, which is backed by Fontinalis Partners, IDG Ventures and Angeleno Group., is continuing to extend out its mobile software, saying that it has now added real time parking information in San Francisco. ParkMe said that it will provide real-time availability of garage and street parking in the Bay Area city, and is now covering a total of 290 garages and lots in San Francisco. ParkMe has been gradually adding real time information--and more cit (More info...)

posted on Tuesday, August 20, 2013(Full story)

Boingo Wins Major New York Shopping Mall
Los Angeles-based Boingo Wireless continues to grow out its retail Wi-Fi footprint, reporting this morning that it has been selected by shopping center operator Forest City Ratner Companies, to manage free Wi-Fi at Forest City Ratner's high traffic Atlantic Terminal Mall in Brooklyn. Financial details of the deal were not disclosed. Boingo said it will manage and operate the Wi-Fi network for consumers at the mall. The company said the Atlantic Terminal Mall gets over 40 million visitors a year, (More info...)

posted on Tuesday, August 20, 2013(Full story)

PriceGrabber Buys Snapette
Los Angeles-based comparison shopping site PriceGrabber has acquired Snapette, the developer of a fashion-focused social website and mobile app. Financial terms of the buy were not disclosed. Snapette develops a location-based shopping app, which features fashionable products from local retailers. According to PriceGrabber, it will use the acquisition to bolster its mobile e-commerce efforts and to reach fashion shoppers. Snapette says it currently has over 1.5 million users.

posted on Tuesday, August 20, 2013(Full story)

Flywheel: Arming LA's Taxicab Drivers In The Ridesharing Fight
There's been a war brewing in Los Angeles, between a trio of ride services-- Lyft, Uber, Sidecar-- and the city's taxi drivers--over a new generation of Internet-enabled and smartphone-friendly, connected rideshare services, versus what has been an old, opaque, and phone-driven taxi establishment. There's been plenty of debate over how to handle the new services, and arguments for and against both ridesharing services and the taxis.

One of the new developments in that battle, has been the ent (More info...)

posted on Tuesday, August 20, 2013(Full story)

Morphlabs Gets $10M More For OpenStack Efforts
Manhattan Beach-based OpenStack systems developer Morphlabs announced this morning that it has raised $10M in a Series D funding round, bringing the company's total raised to $22.5M. According to Morphlabs, the round was led by Tallwood Management and Entropy Research Lab, and also included G2iG. Morphlabs said the move will go towards expansion in Asia. Morphlabs develops a set of pre-configured and pre-integrated hardware and software for hosting OpenStack clouds.

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Ivantis Adds $5M In Series B Funding
Irvine-based Ivantis, a developer of medical devices used to treat glaucoma, has raised $5M more in its Series B funding, the company said this morning. The company said the second close on its funding was led by EDBI of Singapore, and brings its total Series B funding to $32.5M. Ivantis develops a stent device which lowers eye pressure in patients with glaucoma. According to the company, the new funding will go towards supporting three, multinational clinical trials, and also go to support acti (More info...)

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Teledyne Technologies Acquires CETAC
Thousand Oaks-based Teledyne Technologies has acquired laboratory automation and instrument developer CETAC Technologies, the company annoucned this morning. Financial details of the buy were not announced. CETA, which was headquartered in Omaha, Nebrasca, designs and manufactures automated sample handling and sample introduction equipment for the laboratory instrumentation market. CETAC's equipment is used for elemental and chemical analysis systems, and inductively coupled plasma mass spectrom (More info...)

posted on Tuesday, August 20, 2013(Full story)

DermTech Adds $5.6M For Skin Cancer Detection
San Diego-based DermTech, a biotechnology company which is developing technology for detecting skin cancer, has raised $5.6M in a Series B funding. The funding was led by Jacobs Investment COmpany, and also included other, un-named investors. According to DermTech, the funds will go towards further development and laboratory accreditation efforts. DermTech is commercializing qPCR (quantitative polymerase chain reaction) assays for skin samples, to identify gene targets to detect melanoma.

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