Siemer Ventures Targets New Fund

Los Angeles-based Siemer & Associates, an investment banking firm, appears to be raising a $30M, second fund, Siemer Ventures II, according to a regulatory filing from the firm Friday. The fund's managers are listed as David Siemer and Eric Manlunas. Siemer & Associates earlier fund has invested in such firms as YouMail, XCAST, and Ranker. The firm declined to comment on the new fund. (Editor's note: Siemer & Associates is a sponsor of socalTECH.)