Monday, July 6, 2015Versant Ventures Gets Exit At OculeveSan Diego-based venture investor Versant Ventures has scored an exit out of its portfolio, with the acquisition of Oculeve, a medical device developer developing treatments for dry eye disease. Oculeve was acquired for $125M plus earnout by Allergan this morning. Oculeve, which was based in South San Francisco, had raised $7.5M in funding from Kleiner Perkins Caufield & Byers, New Enterprise Associates and Versant Ventures.
posted on Monday, July 6, 2015(Full story)
Black Lotus Acquired By Level 3b>Black Lotus, an operator of a Distributed Denial of Service (DDoS) mitigation service, which had its emergency operations center in Los Angeles, has been acquired by Level 3. Financial details of the buy were not announced. The deal had been announced by the two companies last week. Black Lotus was backed by Industry Capital, and had raised $3.5M in 2013. The company's corporate headquarters are in San Francisco, but its emergency operations centers are in Los Angeles.
posted on Monday, July 6, 2015(Full story)
Page Howe: Why Everyone In LA Ought To Have a .LA Domain
We recently ran into Page Howe, the Chief Engagement Officer for the .LA (www.la) domain name extension, who sat down with us and told us about why he's out making the rounds with community groups and events, promoting the use of .LA as a domain extension. Howe is a veteran of the domain name business, having made his name buying and selling domain names over the years, including having founded Joe's Domains. He recently opened an office here in LA to promote the .LA domain name, and we caught (More info...)
posted on Monday, July 6, 2015(Full story)
Maxwell Technologies Gets $25M In Credit FacilitySan Diego-based Maxwell Technologies, which develops ultracapacitor-based energy storage and other products, said today that it has received a $25M, three year revolving line of credit. The new funding will go towards working capital. Maxwell said the line comes from East West Bank. Terms of the credit line were not disclosed. Maxwell develops ultracapacitor products, power modules, and a number of other energy and aerospace related products.
posted on Monday, July 6, 2015(Full story)
Teledyne Increases Stake in Robot Maker Ocean AeroThousand Oaks-based Teledyne Technologies has increased its stake in San Diego-based Ocean Aero, a developer of unmanned, robotic underwater and surface vehicles used for the scientific, defense, and oil and gas market, the company said late Friday. Financial terms of the deal were not disclosed. According to Teledyne, it now owns 37 percent of Ocean Aero. Teledyne made its initial investment in Ocean Aero in July of 2014. Ocean Aero's unmanned, robotic vehicles can travel on both the surface of (More info...)
posted on Monday, July 6, 2015(Full story)
RealtyMogul.com Bolsters Executive StaffLos Angeles-based online real estate investing marketplace RealtyMogul.com said today that it has added two new executives to its staff. According to the company, it hass added Michael Sanchez and Charles H. Kim, CFA, to the company's Commercial Lending Division. Sanchez was formerly Senior Vice President and Kim was Vice President and Colony Capital. RealtyMogul offers up an online marketplace to help connect real estate developers with capital from accredited and institutional investors.
posted on Monday, July 6, 2015(Full story)