Wednesday, July 10, 2013
Siemer Ventures Boosts Portfolio To 55 Companies
Local Santa Monica-based venture investor Siemer Ventures has boosted its total number of investments to 55 companies, the firm announced this week, after adding nine new companies in the second quarter of the year. Siemer Ventures said that it added the nine companies as part of its Siemer Ventures II portfolio, with the majority of those investments in Southern California. Siemer said the investments in Q2 included 20JEANS, Ardent Capital, DFR, Ecinity, Ellie, Ringadoc, TheBouqs.com, Tonx, and Uncovet. Siemer also said it saw exits in the sale of AppAddictive, and the sale of Ecomom's assets to GreenCupboards.com. Siemer has been a significant presence in early stage funding for startups in Silicon Beach.