Tuesday, March 31, 2015AssetAvenue Brings Funding To $4.0MLos Angeles-based online, real estate crowdfunding site Asset Avenue has upped its funding to $4.0M, according to a recent regulatory filing by the firm. According to the filing, the company now has raised a total of $4.0M, from a total of 43 investors. Details on the latest funding--which appears to be a convertible note funding--have not yet been announced. The round appears to be a continuation of funding the company has received from Matrix Partners, NetEase, Launchpad LA, Bam Ventures, and (More info...)
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Correlation Ventures Seeks New, $170M FundSan Diego-based venture capital investor Correlation Ventures is looking to raise a second fund, Correlation Ventures II, worth $170M, according to a regulatory filing by the firm today. According to the filing, the venture firm has yet to ink any limited partner commitments on the new fund. Correlation Ventures last raised a fund back in 2011, and says it currently has $165M under management. Correlation's portfolio includes InstaEDU (Acquired by Chegg), Sidecar, Madefire, Virsto (Acquired by V (More info...)
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GoFormz Gains $3M For Mobile Business FormsSan Diego-based GoFormz, a startup which develops software to turn paper forms into mobile-fillable electronic forms, has raised $3M in a Series A funding, the company said today. The funding came from Cloud Apps Capital Partners and FLOODGATE. Cloud Apps Capital Partners' Matt Holleran joins the company's board with the funding. GoFormz develops software which transfers paper forms into electronic apps, which can be filled out on a smartphone or tablet, and preserves the same information and lo (More info...)
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NASA Launches Space App Hackathon In PasadenaThink you have some great ideas for the next, big space-related app? NASA is behind an event coming up in Pasadena on April 11, the International Space Apps Challenge, saying it is looking for participants in a "mass-collaboration" hackathon to develop apps both related to life on earth an in space. The challenge--which is run in 130 cities around the world--is being organized locally by Joe Brisbois, and is being held at the new Cross Campus Pasadena location. The event organizers say they are (More info...)
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Sonos Links Into New TIDALHiFi Music Streaming ServiceSanta Barbara-based whole home music system developer Sonos said this morning that it has tied into the new, streaming music service TIDALHiFi, letting subscribers to that new music service stream their music directly to their Sonos Wireless HiFi System. TIDALHiFi says it is an "artist-owned" high definition music streaming service.
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e-MDs Acquired by Marlin Equitye-MDs, a company developing electronic health records (EHR) and practice management software, has been acquired by Los Angeles-based private equity investor Marlin Equity, and has merged with MDeverywhere. Financial terms of the acquisition were not announced. e-MDs founder and CEO David Winn is retiring from the company as part of the deal. MDeverywhere is an existing portfolio company of Marlin Equity, and is based in the Boston area.
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Printronix Appoints New CEOIrvine-based Printronix said late Monday evening that it has named a a new CEO. According to the company, Werner Heid has been named as the company's new CEO and member of the board. Heid replaces Randy Eisenbach, who is retiring. Heid previously had served at Logitech, Hewlett Packard, Iomega, and Proxima. Printronix is a developer of thermal printers for the industrial market.
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EnGenius Dangles Free Trial ProgramCosta Mesa-based wireless access point manufacturer EnGenius said today that it has launched a new, 30-day free trial program for its WLAN controllers and switches. The products are aimed at both businesses and consumers. The company said the free trial for its Neutron Series products helps both resellers and end users ability to experience its products. The company says its products are aimed at mid-to-large sized venues such as schools, hotels, warehouses, and resorts.
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