posts tagged:
venture
A new startup emerged Tuesday with its target on United Online's Classmates.com service, hoping to connect people with their high school classmates. Silicon Valley-based SchoolFeed said it raised $1.75M to create a new service which helps p... READ MORE...
posted on Wednesday, February 8, 2012
Viddy Sees $6M
Venice, California-based Viddy, a developer of social video sharing applications for mobile phones, has raised $6M in a new funding round. The round was led by Battery Ventures, and also included Qualcomm and Greycroft Ventures. Viddy is he... READ MORE...
posted on Tuesday, February 7, 2012
Report Tallies $7.7 Billion In SoCal IT Exits In 2011
A new report released today tallies up $7.7 billion in IT exits in 2011, the highest since 2000, for Southern California IT firms. The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information techn... READ MORE...
posted on Tuesday, February 7, 2012
Applied Proteomics Raises $22.5M
San Diego-based Applied Proteomics, which is developing personalized medicine applications, said today that it has raised $22.5M in a Series B funding, and moved its headquarters to San Diego. The funding came from Domain Associates, Vulcan... READ MORE...
posted on Tuesday, February 7, 2012
Cynvenio Biosystems Raises $2.0M, Gets NCI Contracts
Westlake Village-based Cynvenio Biosystems, which is developing molecular diagnostics systems for cancer, announced this morning that it has received $2.0M in financing, plus scored two Small Business Innovative Research (SBIR) contracts fr... READ MORE...
posted on Tuesday, February 7, 2012
LAUNCH Conference Prize Money Hits $151K
The prize money for Jason Calacanis' LAUNCH Festival technology conference has hit $151,000, after early stage venture investor Venture51 agreed to invest $51,000 in the winner of the conference's "Best in Show" award. Calacanis--who is the... READ MORE...
posted on Monday, February 6, 2012
Leads360 Gets $15M For Sales Lead Software
Los Angeles-based Leads360, the developer of leads management software headed by Nick Hedges, said this morning that it has raised $15M in new funding. The round was led by Volition Capital, and also included Rustic Canyon Partners. Accordi... READ MORE...
posted on Friday, February 3, 2012
StyleHaul Raises $4.4M
Los Angeles-based StyleHaul, an online video network focused on fashion and beauty, said today that it has raised $4.4M in a Series A funding round. The round was led by RezVen Partners, and also included Juvo Capital, Siemer Ventures, Tami... READ MORE...
posted on Thursday, February 2, 2012
Steamboat Ventures Cuts US Investment Efforts
In yet more attrition from Southern California's venture capital ranks, Burbank-based Steamboat Ventures, the venture capital arm of the Walt Disney Company, looks to have sharply pulled back on its U.S. investment efforts. According to the... READ MORE...
posted on Thursday, February 2, 2012
Little Black Bag Launches With Backing From GRP, DCM
Los Angeles-based startup Little Black Bag, a new e-commerce startup backed by GRP Partners and DCM, said this week that it has launched its online shopping site--a play on the Japanese concept of "fukobukuro". The startup said it lets shop... READ MORE...
posted on Thursday, February 2, 2012
Numecent Raises $2M
Irvine-based Numecent, a stealth-mode, cloud computing firm run by Osman Kent, said yesterday that it has raised $2M as part of a Series A financing round. The firm said the tranche is part of a $10M, Series A funding round. Names of the in... READ MORE...
posted on Thursday, February 2, 2012
Response Genetics Gets $7.8M In PIPE
Los Angeles-based Response Genetics, a developer of diagnostics test for cancer, said today that it has raised $7.8M in a private placement. The publicly traded firm did not disclose the name of its new investors. The firm said it sold appr... READ MORE...
posted on Thursday, February 2, 2012
Social Rewards Gets $600K
Los Angeles-based Social Rewards, which operates an online, loyalty program which rewards users for social media activity for brands, has raised $600,000 in a seed funding round. The round came from the Tech Coast Angels, as well as Jeff La... READ MORE...
posted on Wednesday, February 1, 2012
M86 Security Raises $13.6M
Irvine-based M86 Security, a developer of web security gateways and filtering devices, has raised $13.6M in a funding round, according to a regulatory filing by the firm this week. Details on the funding have not been announced by the compa... READ MORE...
posted on Wednesday, February 1, 2012
Rustic Canyon Backs Social Babysitting Service UrbanSitter
Los Angeles-based venture capital investor Rustic Canyon Partners is backing the developer of a service which uses parents' social graphs to help connect them with babysitters. According to San Francisco-based UrbanSitter, it has raised $1.... READ MORE...
posted on Tuesday, January 31, 2012
InTouch Health Gains $6M From iRobot
Santa Barbara-based InTouch Health, a developer of remote presence technology and robotics for the healthcare market, has scored a $6M investment from iRobot. iRobot said the investment gives it a minority position in InTouch, and is an exp... READ MORE...
posted on Tuesday, January 31, 2012
SAIL Venture Partners Extends To Canada
Costa Mesa-based SAIL Capital Partners, the clean technology investor, said today that it has created a joint venture in Canada, to invest in early stage cleantech companies. SAIL said that the move comes as part of a joint venture with a C... READ MORE...
posted on Monday, January 30, 2012
BeachMint Gets $35M More
Santa Monica-based BeachMint, the e-commerce firm founded by Josh Berman and Diego Berdakin, has raised $35M in another round of funding, the firm said Wednesday, led by Accel Partners, and also including Goldman Sachs, New World Ventures, ... READ MORE...
posted on Wednesday, January 25, 2012
Gobbler Gets $7.5M
Los Angeles-based Gobbler, an online media storage service focused on media creators, has raised $7.5M in funding, the firm said this week. The round came from ff Venture Capital, Black Ocean Group, Aber Whitcomb, Dan Rose, Mike Jones, Jerm... READ MORE...
posted on Tuesday, January 24, 2012
LuxeYard Scores $3.5M, Takes On Flash Deals For Furniture
Los Angeles-based LuxeYard, a new flash sales site featuring furniture and home decor, announced today that it has raised $3.5M in funding, and has launched its service. The firm said it will provide home furnishings an design products at a... READ MORE...
posted on Tuesday, January 24, 2012
Rustic Canyon Gets Quick Exit At Mertado
Los Angeles-based venture capital firm Rustic Canyon Partners has scored a quick exit at Redwood City-based Mertado, after Mertado said Friday that it has been acquired by daily deals site Groupon. Financial terms of the acquisition were no... READ MORE...
posted on Friday, January 20, 2012
HitFix Closes Funding Round
Los Angeles-based HitFix, the online film, TV, and entertainment news site founded by Gregory Ellwood and Jennifer Sargent, said today that it has closed a funding round. Size of the round was not announced. Hitfix said the round included i... READ MORE...
posted on Friday, January 20, 2012
MalibuIQ, HRL Team On Commercialization Effort
Malibu-based MalibuIQ and HRL Laboratories, the former research and development arm of Hughes Aircraft which was previously known as Hughes Research Laboratories, said Tuesday that they have tied together to commercialize inventions and IP ... READ MORE...
posted on Tuesday, January 17, 2012
SG Biofuels Raises $17M
San Diego-based SG Biofuels, a developer of hybrid seeds of Jatropha for the biofuels and specialty chemicals business, said that it has raised $17M in a Series B funding. The funding was led by Thomas, McNerney & Partners, and also include... READ MORE...
posted on Tuesday, January 17, 2012
Contour Energy Scores Funding From In-Q-Tel
Azusa-based Contour Energy Systems, which is developing next generation battery systems, is announcing today that it has scored a strategic investment from In-Q-Tel, the investment arm of the CIA and other U.S. intelligence agencies. Amount... READ MORE...
posted on Tuesday, January 17, 2012
Tealium Gets $1.1M
San Diego-based Tealium, a startup developing software which automatically loads tags onto web pages, said Tuesday that it has raised $1.1M in its Series A financing. The round came from angels Jeff Lunsford (Limelight Networks), Jim MacInt... READ MORE...
posted on Wednesday, January 11, 2012
CapLinked Adds $500K
Manhattan Beach-based CapLinked has scored another $500,000 in angel funding, for the firm's online software for managing capital raising activities. The new funding came from angels Clark Landry, Lok Lee, Stephan Paternot, Jason Portnoy, A... READ MORE...
posted on Wednesday, January 11, 2012
Payoff.com Ups Funding To $5.8M
Los Angeles-based Payoff.com, the online personal finance site headed by Scott Saunders, has confirmed it has raised $2.0M in a venture round today, upping its total raised for the company to $5.8M. The funding came from Anthemis Group, Fir... READ MORE...
posted on Wednesday, January 11, 2012
Arena Pharmaceuticals Gets $33M In PIPE
San Diego-based Arena Pharmaceuticals, which is developing weight loss and other drugs, said this morning that it has raised $33M in a financing. The publicly held firm said the Series D funding round came from Deerfield Management, a healt... READ MORE...
posted on Wednesday, January 11, 2012
Fisker Automotive Quietly Adds $110M in Funding
Anaheim-based Fisker Automotive has just added another, $110M in its Series D-1 financing, according to a regulatory filing by the firm this week, taking its total raised to somewhere North of $876M. The electric auto company has not detail... READ MORE...
posted on Tuesday, January 10, 2012
Payoff.com Gets $2.0M
Los Angeles-based Payoff.com, the online personal finance website aimed at helping consumers pay of their debt, has raised $2.0M more in funding, according to a regulatory filing by the firm. The site, headed by Scott Saunders, uses social ... READ MORE...
posted on Monday, January 9, 2012
MicroPower Lands Funding From Motorola
San Diego-based MicroPower Technologies, the developer of wireless video products used for the video surveillance market, has scored a strategic investment from Motorola Solutions Venture Capital. According to Motorola, the funding came as ... READ MORE...
posted on Monday, January 9, 2012
Wemo Media Gets $2M For TheBlu
Los Angeles-based Wemo Media, the company led by Neville Spiteri which is developing the interactive ocean environment TheBlu, said today that it has raised $2M in a seed funding round for the firm. The firm did not announce the investors i... READ MORE...
posted on Monday, January 9, 2012
Uptake Medical Raises Series C
Tustin-based Uptake Medical, the developer of treatments for emphysema led by R. King Nelson, announced today that it has raised a Series C funding round. Size of the round was not announced. The round was led by Crescent Point Group (Singa... READ MORE...
posted on Monday, January 9, 2012
Brand Affinity Technologies Raises $4.5M
Irvine-based Brand Affinity Technologies, the online advertising and celebrity sports endorsements startup headed by Ryan and Chad Steelberg, has raised $4.5M as part of an ongoing, $7.0M funding round, according to a filing from the firm t... READ MORE...
posted on Friday, January 6, 2012
dinCloud Gets Seeded
Los Angeles-based dinCloud, a provider of a hosted, virtual desktop service, said Thursday that it has received a seed round of funding. Size of the funding, and source, was not announced. The firm said the funding will go to grow its core ... READ MORE...
posted on Friday, January 6, 2012
San Diego Tech Coast Angels Honor John G. Watson With Memorial Fund
The San Diego chapter of the Tech Coast Angels, the largest angel investment group in Southern California, as well as the United States, said today that it has established a new, memorial fund, the John G. Watson Foundation, which will supp... READ MORE...
posted on Thursday, January 5, 2012
Nimble Gets $1M From Google, Mark Cuban
Santa Monica-based Nimble, the developer of online, contact and relationship management software headed by Jon Ferrara, the former founder of Goldmine, said last night that it has raised $1M in a seed funding round. The round was led by Goo... READ MORE...
posted on Thursday, January 5, 2012
NeuroGenetic Pharmaceuticals Scores Investment
San Diego-based NeuroGentic Pharmaceuticals, a firm development treatments for Alzheimer's disease, said today that it has scored an investment round from Abbot Biotech Ventures. Size of the round was not announced. NeuroGenetic said the in... READ MORE...
posted on Wednesday, January 4, 2012
Seismic Games Gains $2M
Los Angeles-based Seismic Games disclosed today that it has raised $2.0M in a first round of funding. The funding came from DFJ Frontier and venture capitalist Tom Matlack. Seismic Games was co-founded by Greg Borrud, Eric Gewirtz, and Chri... READ MORE...
posted on Wednesday, January 4, 2012
Elevation Pharmaceuticals Raises $30M
San Diego-based Elevation Pharmaceuticals, which is developing treatment for patients with chronic obstructive pulmonary disease (COPD), said this morning that it has closed on a $30M, Series B funding round. The round was led by Novo Ventu... READ MORE...
posted on Wednesday, January 4, 2012
VC Exits Down In 2011, Says Report
The number of exits by U.S., venture backed companies was down in 2011, according to Dow Jones VentureSource, which said today that it tallied a total of 522 mergers, acquisitions, buyouts, and IPOs during the year. Dow Jones said that thos... READ MORE...
posted on Tuesday, January 3, 2012
Clean Energy Fuels Gets $150M in PIPE
Seal Beach-based Clean Energy Fuels, an operator of natural gas fueling stations, said this morning that it has received more than $150M from investors. The firm said the funds came from Boone Pickens, as well as RJ Capital, Seatown Holding... READ MORE...
posted on Thursday, December 29, 2011
NexSteppe Raises $14M For Biofuels Tech
Malibu-based NexSteppe, a firm developing renewable feedstocks for the biofuel industry, announced today that it has raised $14M in a Series B round of funding. The funding was led by Braemer Energy Ventures, along with CYM Ventures and Zyg... READ MORE...
posted on Wednesday, December 21, 2011
Razer Lands $50M For Gaming Accessories
Carlsbad-based Razer, the maker of videogame accessories, announced this morning that it has raised $50M in a venture funding round, its first round of venture capital funding. The funding was led by IDG-Accel China Capital Fund. According ... READ MORE...
posted on Tuesday, December 20, 2011
Aviir To Raise Up To $30M
Irvine-based Aviir, a venture-backed biotech firm targeting cardiac disease assessment, said late Monday that it has reached an agreement to raise up to $30M in a financing round. The firm said the round includes an initial $10M, plus up to... READ MORE...
posted on Monday, December 19, 2011
EnVerv Gets $12M For Smart Grid Chips
EnVerv, a developer of semiconductors used for the smart grid metering industry which has offices in San Diego, said this morning that it has raised $12M in a round of funding. The funding was led by Benchmark Capital, and also included pri... READ MORE...
posted on Monday, December 19, 2011
Eisner Backs TaskRabbit
Michael Eisner, the former CEO of the Walt Disney Company, has backed TaskRabbit, the operator of an online marketplace to help connect people with workers to do any number of tasks. According to TaskRabbit, Eisner has agreed to become an a... READ MORE...
posted on Wednesday, December 14, 2011
Sotera Wireless Raises $12.2M
San Diego-based Sotera Wireless, a developer of wireless vital signs management products has raised $12.2M in a Series D funding. The firm said the round included new investor Cerner Capital, and also included Sanderling Ventures, Qualcomm ... READ MORE...
posted on Wednesday, December 14, 2011
KidZui Lands $2.4M More, Launches Original Video Efforts
San Diego-based KidZui, the developer of a service which provides kid-safe content via a search engine and browser, announced this morning that it has raised $2.4M in new funding, and will start creating its own, original video content. The... READ MORE...
posted on Wednesday, December 14, 2011
Amplify Joins Accelerator Crowd
Venice Beach-based Amplify, a new startup accelerator headed by Paul Bricault and Richard Wolpert, has uncloaked itself this morning, the latest in a string of startup accelerators in Southern California. Bricault is a Venture Partner at Gr... READ MORE...
posted on Wednesday, December 14, 2011
Qualcomm Leads Investment In PowerCloud
San Diego-based Qualcomm, via its venture capital arm, Qualcomm Ventures, is the lead investor in a developer of software for applying cloud technologies to networks. Palo Alto-based PowerCloud Systems said it raised a $6M, Series B funding... READ MORE...
posted on Wednesday, December 14, 2011
Qualcomm Leads Investment In PowerCloud
San Diego-based Qualcomm, via its venture capital arm, Qualcomm Ventures, is the lead investor in a developer of software for applying cloud technologies to networks. Palo Alto-based PowerCloud Systems said it raised a $6M, Series B funding... READ MORE...
posted on Wednesday, December 14, 2011
Party Earth Finds $4.0M
Los Angeles-based Party Earth, a new startup focused on connecting people to bars, night clubs, lounges, and other night life, announced today that it has raised $4.0M in a funding round. Source of the new funding was not announced. Party E... READ MORE...
posted on Tuesday, December 13, 2011
Legend3D Scores $19M
San Diego-based Legend3d, a developer of 2D to 3D movie conversion technology, has raised $19M in a Series E funding round. The firm said the round was led by Northwater Capital Management, and also included prior investors PAR Investment P... READ MORE...
posted on Tuesday, December 13, 2011
Encompass Digital Media Acquired By Private Equity Firm
Los Angeles-based Encompass Digital Media, a provider of digital media services to the broadcast and cable television market, said this morning that it is in a deal with private equity Court Square Capital Partners, where Court Square will ... READ MORE...
posted on Tuesday, December 13, 2011
Ecomom Raises $4M
Los Angeles-based Ecomom, an online retailer focused on organic food, eco-friendly clothing, and other similar products for children, headed by Jody Sherman, has raised $4M, according to reports. The funding came from Cue Ball Capital, plus... READ MORE...
posted on Monday, December 12, 2011
USC: $380M Raised In Last 3 Years By USC Spinouts
A new study compiled by the University of Southern California tallies up $380M raised in capital by USC spinouts in the last three years, and a 15 year total of $800M raised by 39 startups with roots at the school. The study, conducted by t... READ MORE...
posted on Friday, December 9, 2011
Start Engine Creates $15M Fund, Adds Governor Gray Davis As Advisor
Los Angeles-based Start Engine, the business accelerator being spearheaded by Activision co-founder Howard Marks, said today that it has created a new, $15M investment fund for its portfolio of startups, and added former Governor Gray Davis... READ MORE...
posted on Tuesday, December 6, 2011
Gehry Technologies Lands $10M For Architecture Software
Los Angeles-based Gehry Technologies, a developer of architectural design software co-founded by architect Frank Gehry, announced Tuesday that it has raised $10M in a Series B financing round. The firm said the round was led by Autodesk, an... READ MORE...
posted on Tuesday, December 6, 2011
Tribogenics Lands $2.5M For Portable X-ray Technology
Los Angeles-based Tribogenics, a startup working on technology to bring elements of Star Trek's "tricorder" to life, said this morning that it has raised $2.5M in a venture funding round. The firm, a spinoff of UCLA whose technology has bee... READ MORE...
posted on Tuesday, December 6, 2011
Cooking.com Gets $13.5M
Marina del Rey-based Cooking.com has raised $13.5M in a debt and preferred equity round of funding, according to investment firm BIA Digital Partners II, LP. BIA said that the round also included primary equity backer Azure Capital Partners... READ MORE...
posted on Tuesday, December 6, 2011
H2Scan Raises $5.5M
Valencia-based H2scan, which develops hydrogen leak detection systems, looks to have raised $5.5M in a funding round, according to a regulatory filing from the firm. The filing says that the round first opened in April of 2011, and included... READ MORE...
posted on Monday, December 5, 2011
Qualcomm Launches Medical Devices Subsidiary, $100M Fund
San Diego-based Qualcomm announced this morning that it has created a new, wholly owned subsidiary called Qualcomm Life, which will focus on wireless solutions for the medical devices market. The new subsidiary will also backed by a new, ve... READ MORE...
posted on Monday, December 5, 2011
Tech Coast Angels Invests In Teenage Design Community
The Tech Coast Angels, the largest organized angel investment group in Southern California, has made an investment in Define My Style, an online community focused on teenagers, to the tune of $140,000. Other investors in the $600,000 seed s... READ MORE...
posted on Friday, December 2, 2011
SteelHouse Raises $6.3M In Series B
Los Angeles-based StellHouse, a developer of e-commerce software, said this morning that it has raised $6.3M in a Series B funding round. The round came from Greycroft Partners, Rincon Venture Partners, Lighthouse Venture Group, Baroda Vent... READ MORE...
posted on Friday, December 2, 2011
CapLinked Revamps Site With New Features
Manhattan Beach-based CapLinked said this week that it has made some major updates to the site, overhauling and improving the online service for managing investment activity for companies and deal tracking for investors. The firm said that ... READ MORE...
posted on Thursday, December 1, 2011
Former Miramar Ventures' Partner Goyal Heads New $50M Healthcare IT Fund
Maneesh Goyal, formerly a venture capitalist at Corona Del Mar-based Miramar Venture Partners, is now officially head of his own fund--a $50M, healthcare IT fund called MergerTech Capital. The fund, part of investment banking firm MergerTec... READ MORE...
posted on Thursday, December 1, 2011
GRP Partners Leads Investment In Awe.sm
Los Angeles-based GRP Partners is one of the lead investors in a developer of social media analytics software, Awe.sm, Awe.sm said Thursday. Awe.sm has raised $4M in a round which was led by Foundry Group and GRP Partners, and which also in... READ MORE...
posted on Thursday, December 1, 2011
Kofax Invests In Mobile Software Firm Mobiflex
Irvine-based Kofax said late Wednesday that it has invested $500,000 in Mobiflex, a developer of software tools for creating iPhone and Android apps without coding. Kofax said the deal includes an OEM agreement where it will gain exclusive ... READ MORE...
posted on Thursday, December 1, 2011
Harbor MedTech Raises $600K For Wound Healing Technology
Orange County-based Harbor MedTech, a developer of wound healing technology, has raised $600,000 in a funding round from private investors, the firm disclosed today, to help the firm grow and further develop its products. Harbor MedTech is ... READ MORE...
posted on Wednesday, November 30, 2011
Burstly Raises $5.5M More
Los Angeles-based Burstly, the mobile advertising startup headed by Evan Rifkin, has raised $5.5M in a Series B round, according to the company. The round came from GRP Partners, Rincon Venture Partners, and SoftBank. Rifkin is the former f... READ MORE...
posted on Wednesday, November 30, 2011
Local Angels Back Scripted.com
A number of Southern California angel investors, including Jody Mulkey, the CIO of Shopzilla, have backed Scripted.com, a new online marketplace for freelance writers. According to Scripted.com, it raised $700,000 in a seed financing round,... READ MORE...
posted on Wednesday, November 30, 2011
Endeka Group Lands $4.2M In Venture Debt
San Diego-based Endeka Group, a provider of wireless Internet services, announced this morning that it has raised $4.2M in a venture debt round. The round came from Agility Ventures and Trinity Capital. According to the firm, the funding wi... READ MORE...
posted on Wednesday, November 30, 2011
Onestop Internet Gets $9.5M
Rancho Dominguez-based OneStop Internet, which develops e-commerce websites for fashion brands, including True Religion, John Varvatos and Seven For All Mankind, has raised $9.15M in a strategic investment round, the firm said Tuesday. The ... READ MORE...
posted on Tuesday, November 29, 2011
Soraa Raises $88.6M For Solid State Lighting
Goleta-based Soraa, one of the LED research firms spun out of U.C. Santa Barbara and the labs of blue LED inventor Shuji Nakamura, has raised $88.6M in a funding, according to a regulatory filing from the firm today. The filing indicates th... READ MORE...
posted on Tuesday, November 29, 2011
AcuFocus Sees $65M
Irvine-based AcuFocus, a maker of corneal inlays for treating presbyopia, announced this morning that it has raised $65M in a funding round. The ronud was led by Cowen Healthcare Royalty Partners, and also included SV Life Sciences, Versant... READ MORE...
posted on Tuesday, November 29, 2011
Network Optix Snags $750K In Seed Funding
Burbank-based Network Optix, a startup developing video transport, management, and display technology, said this morning that it has raised $750,000 in a seed funding. The firm said the convertible debt round came from Jor Law, Veracity, Ha... READ MORE...
posted on Tuesday, November 29, 2011
Puma Biotechnology Raises $60M
Los Angeles-based Puma Biotechnology, a developer of biopharmaceuticals aimed at treating cancer, said this morning that it has completed a second tranche of a $60M private financing. The company said that Leerink Swann LLC was the lead pla... READ MORE...
posted on Wednesday, November 23, 2011
DriveCam Raises $85M, Acquires Firm
San Diego-based DriveCam, a provider of video-based products used for monitoring driver safety, announced today that it has raised $85M in a funding from a private equity firm, and also acquired a company, RAIR Technologies. The funding cam... READ MORE...
posted on Thursday, November 17, 2011
Postcard On The Run Gets $750K From Selena Gomez, Others
Los Angeles-based Postcard on the Run, the startup headed by Josh Brooks, announced this morning that it has raised $750,000 in an angel round, which included actress Selena Gomez, Crosscut Ventures, Mike Jones, Yves Sisteron, Chris DeWolfe... READ MORE...
posted on Thursday, November 17, 2011
Thismoment Raises $7.3M
Thismoment, a developer of software aimed at digital marketing for brands and ad agencies, said this week that it has raised $7.3M in a funding round. The firm, which has operations in both San Francisco and Los Angeles, said the funding ca... READ MORE...
posted on Wednesday, November 16, 2011
ServiceMesh Lands $15M
Santa Monica-based ServiceMesh, a developer of cloud computing management software, announced today that it has raised $15M in a funding round. The round came from Ignition Partners. Servicemesh is headed by former venture capitalist Eric P... READ MORE...
posted on Wednesday, November 16, 2011
Domain, Versant Score Exit At Clovis Oncology
Two, Southern California venture investors have scored an exit this morning with the IPO of Clovis Oncology. San Diego's Domain Associates and Newport Beach-based Versant Ventures are both significant investors in Clovis, which priced its I... READ MORE...
posted on Wednesday, November 16, 2011
Redpoint's Fouad ElNaggar Departs Firm
In another switchup for venture capital firm Redpoint Ventures efforts in Southern California, Fouad ElNaggar, who had been covering Redpoint's investment efforts in Los Angeles, has departed the firm. ElNaggar quietly left the firm in Octo... READ MORE...
posted on Tuesday, November 15, 2011
PortfolioDashboards.com Takes On Investment Tracking
Orange County-based PortfolioDashboards.com, a developer of software for providing updates and information to angel and other investors, launched today, saying that it is looking to provide angel investors and venture capitalists with regul... READ MORE...
posted on Tuesday, November 15, 2011
Domain Associates Boosts Biomarker Firm
San Diego-based biotech venture investor Domain Associates is the lead investor on a biomarker firm, targeting the detection of preterm birth and other pregnancy complications. According to Sera Prognostics today, it has raised $19.3M in a ... READ MORE...
posted on Tuesday, November 15, 2011
Miramar's Maneesh Goyal Departs Firm
Corona del Mar-based venture capital investment firm Miramar Venture Partners is losing one of its Managing Director, Maneesh Goyal, who is departing to a new early and growth stage healthcare technology investment firm. Goyal told his cont... READ MORE...
posted on Thursday, November 10, 2011
Clearstone Gets Exit At Apture
Santa Monica-based venture capital firm Clearstone Ventures has scored an acquisition in its portfolio today, with the acquisition of Apture by Google. Apture announced the acquisition on its website Thursday, but did not disclose any finan... READ MORE...
posted on Thursday, November 10, 2011
Mavenlink Confirms $3.9M Fundraising
Irvine-based Mavenlink, a developer of software tools for managing projects with clients, contracts, and consultants, has raised $3.9M in funding from Quest Software and Madden Capital Partners, according to the firm today. Mavelink, which ... READ MORE...
posted on Wednesday, November 9, 2011
Idealab Funds Mingly
Pasadena-based Idealab has led a round into LA-spawned Mingly, a developer of software which connects Gmail with a user's social networks. Mingly said it raised $500,000 in a seed round of financing from Idealab, Allen Morgan, Alex Karelin,... READ MORE...
posted on Wednesday, November 9, 2011
Phorus Takes $2M For Wireless Home Audio
Los Angeles-based Phorus, a new startup headed by former Phatnoise co-founder Dannie Lau, said today that it has raised $2M in a Series A funding round, and launched its efforts to bring wireless home audio products to market. Source of the... READ MORE...
posted on Wednesday, November 9, 2011
Rempex Pharmaceuticals Snags $67.5M
San Diego-based Rempex Pharmaceuticals, a biopharmaceuticals firm addressing antibiotic resistance, announced this morning that it has raised $67.5M in an initial close of a Series B financing round. The round came from Frazier Healthcare V... READ MORE...
posted on Wednesday, November 9, 2011
Perminova Raises $7M For Surgical Software
La Jolla-based Perminova announced Tuesday that it has raised $7M in a funding round, which it will use to develop its web-based cardiovascular procedure software. Perminova's software provides scheduling, workflow, surgical data, and billi... READ MORE...
posted on Tuesday, November 8, 2011
Mention Mobile Scores Funding From Mark Cuban
Los Angeles-based Mentoin Mobile, a developer of social gaming apps, said this morning that it has scored $250,000 in funding from Dallas Mavericks owner Mark Cuban. Mention Mobile said that Cuban gains a minority equity stake in the firm. ... READ MORE...
posted on Tuesday, November 8, 2011
GRP Gets Exit At HealthDataInsights
Los Angeles-based venture capital firm GRP Partners has scored an exit at one of its portfolio firms, Las Vegas-based HealthDataInsights. HealthDataInsights was acquired by HMS Holdings, in a deal worth $400M; the deal is split between $384... READ MORE...
posted on Tuesday, November 8, 2011
YouMail Adds Investor
Irvine-based YouMail, the personalized voicemail service firm headed by Alex Quilici, has raised around $355,000 in new funding, adding CrunchFund--the investment fund run by TechCrunch founder Michael Arrington--as a backer. Details of the... READ MORE...
posted on Monday, November 7, 2011
Silicon Valley Venture Capitalist Confidence Declines
A new report today monitoring the outlook of Silicon Valley venture capital investors, said that its latest survey finds VCs less confident about the future. The Silicon Valley Venture Capitalist Confidence Index is authored by University o... READ MORE...
posted on Thursday, November 3, 2011
Study: Clean Technology Investments Up In Q3
Investments in U.S., clean technology deals were up in Q3 of 2011, according to a new analysis published by Ernst & Young this week. According to an analysis of data from Dow Jones VentureSource, Ernst & Young found that U.S. venture capita... READ MORE...
posted on Thursday, November 3, 2011
Prolacta Lands Series D
Monrovia, California-based Prolatca Bioscience, which supplies human milk-based fortifiers for premature infants, said today that it has closed a Series D funding round. The round came from Health Evolution Partners. Size of the round was n... READ MORE...
posted on Thursday, November 3, 2011
GRP Targets $250M In New Fund, GRP IV
Los Angeles-based venture capital firm GRP Partners is looking to raised $250M in its newest fund, GRP IV L.P., according to a regulatory filing from the firm this week. According to the filing, the fund is being managed by Steven Dietz, Br... READ MORE...
posted on Wednesday, November 2, 2011
NetPlenish Gets Funding From 500Startups
Ventura-based NetPlenish, a startup which is developing a service which will provide automated replenishment of items, combined with an automatic price comparison engine, has quietly raised funding from 500 Startups. The firm confirmed it h... READ MORE...
posted on Monday, October 31, 2011
Insights and Opinions: Start Something
For today's Insights and Opinions section, we have an article from investment banker Megan Lisa Jones, who addresses the question of how to get funding for a concept (not likely) with a simple suggestion. Yesterday I sat down with an... READ MORE...
posted on Friday, October 28, 2011
Ortiva Wireless Adds $2.0M
La Jolla-based Ortiva Wireless has added another $2.0M in what looks like an inside, convertible debt round, according to a regulatory filing by the firm this week. The firm--which is backed by Artiman Ventures, Mission Ventures, and Comcas... READ MORE...
posted on Thursday, October 27, 2011
BlueCava Gets $9.5M For Device ID Technology
Irvine-based BlueCava, a developer of device identification technology used for both online advertising tracking, as well as fraud prevention, said Tuesday that it has raised $9.5M in a funding round. The round was led by S3 Ventures, and a... READ MORE...
posted on Tuesday, October 25, 2011
Zaarly Gets $14M
Zaarly, the mobile marketplace firm which was spawned out of the LA Startup Weekend event, said today that it has raised $14.1M in a funding round, and added former eBay CEO Meg Whitman to its board. The new funding comes from Kleiner Perki... READ MORE...
posted on Tuesday, October 25, 2011
CALIENT Technologies Raises $19.4M
Santa Barbara-based CALIENT Technologies, a developer of photonic switching equipment, said this morning that it has raised $19.4M in a round of venture financing. The round came from both new and existing investors. Names of those investor... READ MORE...
posted on Tuesday, October 25, 2011
PharmaSecure Finds Further Funding
New Hampshire- and India-based PharmaSecure, a developer of pharmaceuticals authentication technology backed by the Tech Coast Angels, has raised $3.9M in a new funding round, the firm said Monday. The additional capital came from Eric Schm... READ MORE...
posted on Monday, October 24, 2011
GumGum Adds $7M
Santa Monica-based Gumgum, the celebrity image licensing and advertising firm led by Ophir Tanz, has finally disclosed its funding round. The firm has raised $7M in funding from New Enterprise Associates, GRP Partners, and First Round Capit... READ MORE...
posted on Monday, October 24, 2011
bLife Finds $1.25M
Los Angeles-based bLife, the stealth-mode, wellness-related startup headed by Hamet Watt, has raised $1.25M in a seed funding round, according to a regulatory filing by the firm this week. According to the filing, the funding--which actuall... READ MORE...
posted on Friday, October 21, 2011
Pose Lands $3M For Mobile Style and Shopping
Santa Monica-based Pose, a developer of mobile apps for shopping discovery, announced Friday morning that it has raised $3M in a Series A funding round. The round came from GRP Partners, True Ventures, and Mousse Partners. Pose develops bot... READ MORE...
posted on Friday, October 21, 2011
JMI Equity Boosts CouponCabin.com
San Diego-based JMI Equity is the lead investor in a first round of funding for online coupons site CouponCabin.com, which said Thursday evening that it has raised $54M in a funding round from JMI Equity. According to CouponCabin.com, JMI w... READ MORE...
posted on Friday, October 21, 2011
Accelerator Crazy In Southern California
What's the latest craze in startups in Southern Califonia? It looks to be startup accelerators. In just the last few weeks, at least five different incubation/acceleration efforts have booted up in the region. Here's a rundown of the latest... READ MORE...
posted on Thursday, October 20, 2011
GRP Invests In Treehouse
Los Angeles-based GRP Partners, has invested in UK-based TreeHouse, an online, video-focused site for helping users learn web design and development. Other investors in the firm include Kevin Rose, Reid Hoffman, David Sze, Josh Elman, and C... READ MORE...
posted on Wednesday, October 19, 2011
Venture Capital Totals $603.2M In Southern California In Q3
Venture capital investments in Southern California for Q3 of 2011 are up from last year, but down from last quarter, according to the latest numbers from PricewaterhouseCoopers and the National Venture Capital Association based on data pr... READ MORE...
posted on Tuesday, October 18, 2011
Livefyre, Backed by Paige Craig, Scores More Funding
San Francisco-based Livefyre, one of the many companies backed by prolific Los Angeles angel investor Paige Craig, has scored a new round of funding, the firm said today. LiveFyre said it raised $4.5M in a Series B round, led by Greycroft P... READ MORE...
posted on Tuesday, October 18, 2011
K5Launch Launches Venture Accelerator
Irvine-based K5Launch, a new venture accelerator started by angel investors Amir Banafatemi, Ray Chan, David Cheng, and Kai Tao, is looking to spawn the growth of startups in Southern California, saying today that it has launched its effort... READ MORE...
posted on Tuesday, October 18, 2011
Qualcomm Backs Siklu
San Diego-based Qualcomm has invested in an Israeli developer of carrier-grade, millimeter wave Gigabit Ethernet radios, used for wireless backhaul. According to Skilu, it has raised $19M in a Series B investment, which included Amiti Ventu... READ MORE...
posted on Tuesday, October 18, 2011
Avalon Ventures Backs TwinStrata
La Jolla-based venture capital investor Avalon Ventures is the lead in a round for cloud data storage firm TwinStrata, TwinStrata said today. TwinStrata, which is based in Masachusetts, said that Avalon lead its Series B funding round, whic... READ MORE...
posted on Thursday, October 13, 2011
TrueCar Backed By Another Investor
Another investor has surfaced in the latest funding round for Santa Monica-based TrueCar, the online automotive pricing and research firm headed by Scott Painter. According to Colorado-based Keating Capital, it participated in a $50M, commo... READ MORE...
posted on Tuesday, October 11, 2011
CoDa Therapeutics Lands $6M Credit Facility
San Diego-based CoDa Therapeutics, a developer of biopharmaceuticals for wound care, has scored $6M in a credit facility, according to the firm's lender. Square 1 Bank said that it has provided CoDa Therapeutics with a $6M term loan. Terms ... READ MORE...
posted on Thursday, October 6, 2011
Qualcomm Boosts QPrize Winner Enterproid
San Diego-based Qualcomm is putting its money behind one of the winners of its second annual QPrize Venture Investment Competition, New York-based Enterproid, Enterproid revealed Thursday. According to Enterproid, it has raised $11M in a Se... READ MORE...
posted on Thursday, October 6, 2011
Xfire Raises $4M More
Los Angeles-based Xfire, the online community and chat service for gamers, announced Thursday that it has raised $4M in a new funding round. The firm said the round was led by Intel Capital, and also included Tomorrow Ventures, William Quig... READ MORE...
posted on Thursday, October 6, 2011
Greener Capital Gets First Close On New Fund
Greener Capital, a venture capital fund focused on clean technology which has offices in Laguna Beach, said today that it has scored a first close on its second fund, Greener Capital Partners II. The fund size is $33M. The firm is headed by... READ MORE...
posted on Thursday, October 6, 2011
Kareo Raises $10M For Medical Billing Software
Irvine-based Kareo, a developer of cloud-based practice management and medical billing software, announced today that it has raised $10M in an equity investment round. The round was led by Greenspring Associates, and also included OpenView ... READ MORE...
posted on Thursday, October 6, 2011
Contour Energy Closes $20M In Series C
Azusa-based Contour Energy Systems, the developer of battery technology based on research from Caltech, announced this morning that it has raised $20M in a Series C funding round. The company said it added new investor SBI Jeffries Asia Fun... READ MORE...
posted on Thursday, October 6, 2011
BetterWorks Bumps Round Size
Santa Monica-based BetterWorks appears to have bumped the size of the funding round it announced in August, according to a regulatory filing from the firm Wednesday. According to the filing, BetterWorks is now looking to raise a total of $9... READ MORE...
posted on Wednesday, October 5, 2011
ImThera Medical Snags $16M
San Diego-based ImThera Medical, a developer of medical devices to treat sleep apnea, has raised $16M in an initial funding round from publicly held Cyberonics, plus its other investors Cyberonics said Wednesday. ImThera is developing an im... READ MORE...
posted on Wednesday, October 5, 2011
Predixion Software Gets $6M More
Aliso Viejo-based Predixion Software, the developer of predictive analytics software which is headed by Simon Arkell, announced today that it has raised $6M in a Series B funding round. The new, strategic investment came from an un-named in... READ MORE...
posted on Tuesday, October 4, 2011
WhoSay Gets Funding To Connect Celebrities With Social Media
WhoSay, a New York-based startup with Los Angeles offices, said this morning that it has raised a funding round from Greylock Partners. The firm, headed by Steve Ellis and which was co-founded by Creative Artists Agency (CAA), said it is lo... READ MORE...
posted on Monday, October 3, 2011
Mavenlink Raises $3.4M
Irvine-based Mavenlink, which provides software-as-a-service tools for online project management, file sharing, invoicing software, expense tracking, and other business functions for users, has raised $3.4M out of an ongoing $3.9M funding r... READ MORE...
posted on Friday, September 30, 2011
Connexity Gets $2M In Credit Line
Ventura-based Connexity, a developer of Internet advertising and targeting technology, announced today that it has secured $2M in a debt financing. The financing came from Silicon Valley Bank. Connexity said the line will go towards additio... READ MORE...
posted on Friday, September 30, 2011
Interview with Bong Koh, LifeCrowd
Earlier this month, Los Angeles-based LifeCrowd (www.lifecrowd.com) unveiled its service to help connect people with real life activities. The firm is initially focusing on the Los Angeles market, and connecting people with fun, interesting... READ MORE...
posted on Thursday, September 29, 2011
SweetLabs Snags $13M
San Diego-based SweetLabs, the company headed by Darrius Thompson, and which runs both the OpenCandy advertising network and the desktop Pokki app platform, said today that it has raised $13M in a Series C funding round. The round was led b... READ MORE...
posted on Thursday, September 29, 2011
mDialog Finds $5M
Santa Monica-based mDialog said Wednesday afternoon that it has raised $5 million in a Series A round of funding. The round was led by the BlackBerry Partners Fund. mDialog said the investment will be used to expand its products across mobi... READ MORE...
posted on Wednesday, September 28, 2011
Parking In Motion Raises Funding
Santa Monica-based Parking In Motion, a developer of systems to help drivers find open parking space, said this morning that it has raised a Series A round of funding. Size of the funding round was not disclosed. The round was co-led by IDG... READ MORE...
posted on Wednesday, September 28, 2011
Steelhouse Scores $3.8M For Behavioral Targeting
Los Angeles-based Steelhouse, a provider of behavioral targeting technology for e-commerce sites, has raised $3.8M in a funding round, according to a regulatory filing from the firm Tuesday. The funding is a Series B, and was led by Rincon ... READ MORE...
posted on Tuesday, September 27, 2011
Breitbart Raises $10M
Los Angeles-based Breitbart.com, the sometimes-controversial publisher of a network of online news sites, has raised $10M in a funding round, according to a regulatory filing by the firm Tuesday. The filing did not indicate the source of fu... READ MORE...
posted on Tuesday, September 27, 2011
Ebyline Raises $5.0M
Sherman Oaks-based Ebyline, a startup developing an online marketplace to connect professional journalists with online publishers, has raised $5.0M in a new equity funding round, according to a regulatory filing from the firm today. Accordi... READ MORE...
posted on Tuesday, September 27, 2011
OneRoof Energy Lands $50M
San Diego-based One Roof Energy, a developer of residential solar installation services and products, announced this morning that it has raised $50M in a financing round, from a Korean corporate conglomerate, Hanwha International. According... READ MORE...
posted on Monday, September 26, 2011
Entropic Boosts Zenverge
San Diego-based Entropic Communications has led a strategic investment in a developer of media encoding and decoding chips, Zenverge. According to Zenverge, which is based in Cupertino, it has raised $20.5M in a Series D funding, led by Ent... READ MORE...
posted on Monday, September 26, 2011
Elevation Pharmaceuticals Pulls In $17M, Names Execs
San Diego-based Elevation Pharmaceuticals announced today that it has drawn down a $17M, tranched Series A financing for the company, and also appointed a number of executives. The company also said it has named Jaisim Shah as Senior Vice P... READ MORE...
posted on Monday, September 26, 2011
FastCall411 Gets New Funding Round
Los Angeles-based FastCall411, the sales automation and analytics firm led by Richard Rosen, said Thursday evening that it has scored a second round of financing. Size of the round was not announced. FastCall411 said the round came form 500... READ MORE...
posted on Thursday, September 22, 2011
MarketShare Raises $5.0M In Debt Funding
Los Angeles-based Marketshare, the developer of marketing and advertising optimization software, has raised $5.0M in a debt funding round, according to a regulatory filing form the firm. The funding has not yet been announced. According to ... READ MORE...
posted on Thursday, September 22, 2011
Get.com Launches Product Discovery Site, Backed By $1M In Funding
Santa Monica-based Get.com, a new startup founded by Jake Gold and Steven Fruchter, has launched, looking to help users make product purchase decisions. According to the firm, it has raised $1M in seed funding for its efforts, which the fir... READ MORE...
posted on Thursday, September 22, 2011
JustFabulous Lands $33M
El Segundo-based Just Fabulous, a new startup spun out of Intelligent Beauty, the e-commerce firm headed by Don Ressler and Adam Goldenberg, said this morning that it has raised $33M in a Series A funding round, for its "fashion styling" an... READ MORE...
posted on Wednesday, September 21, 2011
LA To San Francisco Ridesharing Firm Gets Funding
Zimride, a startup which recently launched an online service to promote ridesharing between Los Angeles and San Francisco, said today that it has scored funding. The firm said it raised $6M from Mayfield Fund for its efforts to connect ride... READ MORE...
posted on Wednesday, September 21, 2011
Independa Raises $1.6M
San Diego-based Independa, which operates a service to help family and professional caregivers monitor loved ones, has raised $1.6M in a seed funding round, the firm said today. The funding came from Miramar Venture Partners and CityHill Ve... READ MORE...
posted on Wednesday, September 21, 2011
Idealab Backs Top10
Pasadena-based Idealab, the startup incubator run by Bill Gross, has made another external investment in a company, funding London-based Top10. Top10 operates a service which allows users to create their own "best of" lists in a social way.... READ MORE...
posted on Wednesday, September 21, 2011
Nukona Scores Funding
San Diego-based Nukona, a developer of mobile application management software for the enterprise, said Tuesday that it has closed a funding round. Size of the round was not announced. According to Nukona, the funding came from the Startup A... READ MORE...
posted on Tuesday, September 20, 2011
MobileCause Ups Funding By $3.2M, Hires VP
Los Angeles-based MobileCause, which operates mobile fundraising, CRM, and communications services for non-profits, revealed today that it has recently raised $3.2M in funding. According to MobileCause, the funding came through "several rou... READ MORE...
posted on Tuesday, September 20, 2011
MomentFeed Gets Investment From Digital Marketing Firm
Santa Monica-based MomentFeed, the provider of analytics software for tracking location-based check-in and other activity from Facebook, Twitter, Foursquare, and Gowalla, said Monday that it has scored an investment from Rockfish Brand Vent... READ MORE...
posted on Monday, September 19, 2011
KYTHERA Biopharmaceuticals Raises $37.4M
Los Angeles-based KYTHERA Biopharmaceuticals, a developer of aesthetic medicine products, said today that it has raised $37.4M in a series D funding round. The round included new investors Foley Ventures and Latham and Watkins, and also inc... READ MORE...
posted on Monday, September 19, 2011
TCA's Sudek Talks Angel Networks
Earlier this week, the Tech Coast Angels, the largest and most active organized angel group in Southern California, announced a new effort to create an angel group network, which will share and syndicate deals between groups--current the TC... READ MORE...
posted on Friday, September 16, 2011
Celerus Diagnostics Ups Series C To $10M
Carpinteria-based Celerus Diagnostics, a developer of pathology analysis equipment, has now raised $10M in a Series C funding, according to a regulatory filing from the firm Thursday. Details on the funding have not been released by the com... READ MORE...
posted on Thursday, September 15, 2011
MeLLmo Scores $30M For Roambi
San Diego-based MeLLmo, the developer of the Roambi mobile business apps for the iPhone and iPad, said Thursday afternoon that it has raised $30M in a first round of institutional funding. The round was led by Sequoia Capital. The firm said... READ MORE...
posted on Thursday, September 15, 2011
Rustic Canyon Backs Social Shopping Site
Los Angeles-based venture capital firm Rustic Canyon is the lead investor in a round of funding from a social shopping site out of Y Combinator. According to Mertado, a social shopping service which links users with home and kitchen product... READ MORE...
posted on Wednesday, September 14, 2011
RRKidz Gets Funding, Plans Children's Mobile Book Service
Los Angeles-based RRKidz, a new online startup focused on offering children's books via subscription, and headlined by Reading Rainbow and former Star Trek star LeVar Burton, said it has scored a round of funding today. The firm said it rec... READ MORE...
posted on Wednesday, September 14, 2011
RF Surgical Systems Gets $12M
RF Surgical Systems, a developer of systems used to keep track of surgical sponges during surgery procedures, announced Tuesday that it has raised $12M in funding. The firm--which has its R&D facilities in San Diego--said the round was led ... READ MORE...
posted on Tuesday, September 13, 2011
JetSuite Raises $7.0M
Irvine-based JetSuite, a new private jet service startup running Embraer Phenom 100 private jets, has raised $7.0M in a funding round, according to a regulatory filing by the company. The funding included Tony Hsieh, the founder of Zappos.c... READ MORE...
posted on Tuesday, September 13, 2011
Founders of Sony's Crackle Start Venture Fund
The founders of Crackle, the online streaming video and movie site owned by Culver City-based Sony Pictures Entertainment, have announced a new venture capital fund. According to Josh Felser and Dave Samuel, the founders of Crackle, they ha... READ MORE...
posted on Monday, September 12, 2011
Amgen Backs Therapeutic Antibody Firm
Thousand Oaks-based biotech giant Amgen has backed a developer of therapeutic antibodies, via its venture capital arm, Amgen Ventures. According to Seattle-based Theraclone Sciences, Amgen Ventures was one of the investors in a $10.6M, Seri... READ MORE...
posted on Thursday, September 8, 2011
SOS Online Backup Gets $3M
Los Angeles-based SOS Online Backup, a developer of cloud-based online backup and data protection services, said Thursday afternoon that it has raised $3M in a Series A funding round. The round came from Splashpoind Investors. The firm said... READ MORE...
posted on Thursday, September 8, 2011
Gaikai Boosted By Intel
Los Angeles-based Gaikai, the streaming game service run by David Perry, is one of seven software companies which Intel announced it had made investments in today, for a total of $24M invested by the company. Intel said it invested in Dynam... READ MORE...
posted on Thursday, September 8, 2011
Echoecho Raises $750K
Santa Monica- and London-based Echoecho, which is developing a service to provide location information to your friends via a mobile application, announced today that it has raised $750,000 in a seed funding round. The round came from Googl... READ MORE...
posted on Thursday, September 8, 2011
TrueCar Raises $200M, Acquires Firm
Santa Monica-based TrueCar, the automotive pricing website headed by Scott Painter, said this morning that it has raised $200M in new debt and equity financing, plus acquired a company. TrueCar said the financing round included USAA, Capric... READ MORE...
posted on Wednesday, September 7, 2011
Chill Gets $1.5M
Los Angeles-based Chill, the online video discussion website headed by Brian Norgard, has raised $1.5M in angel funding, according to the firm's angel investment backers. The site--which was originally a project of Namesake--gained funding ... READ MORE...
posted on Wednesday, September 7, 2011
Mogreet Raises $2.0M More
Venice, California-based Mogreet, the mobile marketing firm headed by James Citron, has raised $2.0M in an ongoing funding round, according to a regulatory filing by the firm today. According to the filing, the new equity funding has a targ... READ MORE...
posted on Tuesday, September 6, 2011
Morphlabs Raises $5M
Manhattan Beach-based Morphlabs, the developer of cloud computing products headed by Winston Damarillo, announced this morning that it has raised $5M in a Series C funding round. According to Morphlabs, the round was led by Japanese strateg... READ MORE...
posted on Tuesday, September 6, 2011
Daylight Solutions Gets $15M
San Diego-based Daylight Solutions, a developer of high-power, laser systems for the defense and homeland security market, said this morning that it has raised $15M in a Series C funding round. The round was led by Northrop Grumman Corporat... READ MORE...
posted on Tuesday, September 6, 2011
Report: Harrison Metal VC Heads To SoCal
A report today from CNN's Term Sheet says that a Silicon Valley venture capitalist, Erik Rannala, is leaving Harrison Metal Venture Capital to set up a new venture capital fund in Southern California. According to the report, Rannala is set... READ MORE...
posted on Friday, September 2, 2011
Restaurant Revolution Technologies Gains Funding
Santa Barbara-based Restaurant Revolution Technologies, a firm developing restaurant order management technology, has raised a round of venture funding, according to BR Venture Fund, a MBA student run venture capital fund based out of Corne... READ MORE...
posted on Friday, September 2, 2011
Amgen Backs Small Molecule Drug Firm
Amgen Ventures, the venture capital arm of Thousand Oaks-based Amgen, has backed the developer of a biopharmaceutical aimed at treating irritable bowel syndrome, kidney disease, and diabetes. According to Fremont, California-based Ardelyx, ... READ MORE...
posted on Wednesday, August 31, 2011
JMI Equity Backs DoubleVerify In $33M Funding
La Jolla-based private equity firm JMI Equity has made a big investment in online advertising verification firm DoubleVerify, leading a $33M funding round in the New York company. According to DoubleVerify, the investment funding for the co... READ MORE...
posted on Tuesday, August 30, 2011
Zeebo Raises $17M
San Diego-based Zeebo, a developer of a wireless, digital entertainment and education system, initially targeted at the global market, has raised $17M in a new funding round, according to a regulatory filing by the firm today. Source of the... READ MORE...
posted on Monday, August 29, 2011
SAIL Portfolio Firm Makes Acquisition
A portfolio company of Irvine-based venture capital firm SAIL Venture Partners, SNTech, has made an acquisition, SNTech announced earlier this week. SNTech--which has quietly been backed by SAIL since at least 2009--said it acquired the $23... READ MORE...
posted on Thursday, August 25, 2011
Awarepoint Pulls In $27M More
San Diego-based Awarepoint, the developer of real-time, location systems for the healthcare market, announced this morning that it has raised $27M in new financing, as part of a Series F round. The round was led by new investor Kleiner Perk... READ MORE...
posted on Wednesday, August 24, 2011
PathCentral Raises $3.0M
Irvine-based PathCentral, a developer of web-based software for managing the practice of community pathologists, has raised $3.0M in a funding round, according to a regulatory filing by the firm Tuesday. Details on the funding have not yet ... READ MORE...
posted on Tuesday, August 23, 2011
eHarmony Approaches Redemption Deadline, Says Report
Los Angeles-based matchmaking site eHarmony is approaching a redemption deadline from its last venture funding round, according to a report today from Reuters. According to the report, eHarmony has a November 5th deadline, after which its v... READ MORE...
posted on Tuesday, August 23, 2011
Southern California Gas Invests In Fuel Cell Energy Firm
Southern California Gas Company the unit of Sempra Energy which supplies natural gas to Southern California, has backed the manufacturer of natural gas, fuel cell equipment. According to ClearEdge Power, it has raised $73.5M in a Series E f... READ MORE...
posted on Tuesday, August 23, 2011
Qualcomm Backs Mobile EKG Firm
San Diego-based Qualcomm Ventures has backed the developer of a mobile electrocardiogram recorder, AliveCor, as part of that company's Series A round. AliveCor said today that it has raised $3M in a Series A for its products, which connect ... READ MORE...
posted on Tuesday, August 23, 2011
Sonendo Raises $5.9M
Laguna Hills-based Sonendo, a developer of dental surgery equipment, has raised $5.9M in a funding round, according to a regulatory filing by the firm this week. According to the filing, the $5.9M is part of an ongoing $6.4M equity round. N... READ MORE...
posted on Thursday, August 18, 2011
Border Stylo Raising New Funding Round
Los Angeles-based Border Stylo, the developer of the Glass browser add-on and GlassThis web site for sharing and conversing about web sites, plus the Retrollect mobile app for social sharing, is in the process of raising the amount of fundi... READ MORE...
posted on Thursday, August 18, 2011
Pixoto Raises Seed Funding For Photo Site
Pixoto, a new startup focused on sharing and voting on photographic images which is headed by former Pictage founder Jason Kiefer, has just scored a seed funding worth $360,000, according to a regulatory filing by the firm this week. The fi... READ MORE...
posted on Wednesday, August 17, 2011
TCA Funds PharmaSecure
The Tech Coast Angels, Southern California's biggest and most active angel investing group, appears to be backing a developer of prescription drug validation systems, based in Lebanon, N.H. According to a regulatory filing from PharmaSecure... READ MORE...
posted on Wednesday, August 17, 2011
Frontera, Siemer Tie On New Venture Capital Effort
Santa Monica-based investment bank "Siemer & Associates and venture capital investment group Frontera Group said Tuesday afternoon that the two have joined forces, and have created a new venture group called Siemer Ventures. According to Ma... READ MORE...
posted on Tuesday, August 16, 2011
Maverick Angels Names New SoCal President
Maverick Angels, an angel investment group investing in Southern California companies, said today that it has named Patrick Henry as its newly elected Southern California Chapter President. Henry replaces Bill Barber, who continues as a mem... READ MORE...
posted on Tuesday, August 16, 2011
Brighter Raises $8M More
Santa Monica-based Brighter, the dental care and referrals business started by Jake Winebaum, the founder of Business.com, has raised $8M more in a Series B funding round, the firm said Monday. The round was led by Benchmark Capital, and al... READ MORE...
posted on Monday, August 15, 2011
Nettle Gets $500K From Google, Others
La Jolla-based Nettle, a semi-stealth mode firm which says it is creating a "next-generation social/local/mobile application and website for the global entertainment market", has raised $500,000 in a seed funding. According to the firm, the... READ MORE...
posted on Monday, August 15, 2011
Serious Business Get Funded For Internet Entertainment
A trio of United Talent Agency execs said Friday that they have launched a new, media company focused on the intersection of Internet and entertainment. According to Serious Business, it has raised a second round of seed funding from Brave ... READ MORE...
posted on Monday, August 15, 2011
KidZui Catches $2M, Launches New Service
San Diego-based KidZui, the developer of a kid-friendly Internet browser, said this week that it has raised another $2M in funding, and launched a new effort called ZUI.com. The firm said the funding included Mission Ventures, Maveron, and ... READ MORE...
posted on Thursday, August 11, 2011
Elevator Labs Lands $20M
Los Angeles-based Elevator Labs, a new startup headed by ex-Virgin Digital execs Brendon Cassidy and Zack Zalon, said Thursday that it has raised $20M in an initial funding round. The round came from KGC Capital. According to the firm, it i... READ MORE...
posted on Thursday, August 11, 2011
Cocodot Gets $4.25M More
Los Angeles-based Cocodot, the online invitations service run by former MySpace exec Shawn Gold, has raised $4.25M out of an ongoing $6.0M funding round, according to a regulatory filing from the firm. Source of the new funding was not disc... READ MORE...
posted on Tuesday, August 9, 2011
MovieClips Gets $7M, Partners With YouTube
Venice, California-based MOVIECLIPS, the online provider of licensed movie clips headed by Richard Raddon and Zach James, is announcing today that it has scored $7M in a Series B funding round, and also partnered with Google to feature its ... READ MORE...
posted on Tuesday, August 9, 2011
SendLove.to, With Funding, Debuts Service To Share Opinions On Public Figures
Los Angeles-based SendLove.to, a new startup headed by Chris Lyman and Corey Brundage, debuted today, saying it will provide a "people-polling" platform which will allow users to rate and share their opinion on people in the news. Lyman and... READ MORE...
posted on Tuesday, August 9, 2011
Acutus Medical Raises $1M
San Diego-based Acutus Medical, a developer of medical devices for treating cardiac arrhythmia, said today that it has received $1M in a funding round. The round came form Index Ventures and un-named private investors. Acutus Medical said i... READ MORE...
posted on Monday, August 8, 2011
TakeLessons Raises $6M
San Diego-based TakeLessons, a business which helps users connect with music and voice lesson teachers across the country, said this week that it has raised $6M in a funding round. The round was led by Crosslink Capital, and also included S... READ MORE...
posted on Thursday, August 4, 2011
Craton Equity Leads Major Investment In Bridgelux
Los Angeles-based private equity fund Craton Equity Partners said Wednesday that it has led a $60M round of investment in Bridgelux, a developer and manufacturer of LED lighting technology. Bridgelux, which is based in Livermore, California... READ MORE...
posted on Wednesday, August 3, 2011
Anthem, DFJ Frontier Back Janrain
Two Los Angeles area venture capital firms have re-upped their investments in a provider of identity management software. Anthem Ventures, represented by Samit Varma, and DFJ Frontier, represented by David Cremin, are two of the investors i... READ MORE...
posted on Wednesday, August 3, 2011
Okapi Ventures Kicks Off Fundraising Efforts
Laguna Beach-based Okapi Venture Capital, the venture capital fund run by Marc Averitt and Sharon Stevenson, has kicked off fundraising efforts for a new, $30M venture fund, according to a regulatory filing by the firm Tuesday. The filing i... READ MORE...
posted on Wednesday, August 3, 2011
Ellipse Technologies Gains $17.6M
Irvine-based Ellipse Technologies, a developer of minimally invasive treatments for spinal deformities, said Tuesday that it has raised $17.6M in a Series C financing round. The round came form HBM BioVentures and BioStar Ventures, along wi... READ MORE...
posted on Tuesday, August 2, 2011
Active Storage Raises $7.0M More
Torrance-based Active Storage, the developer of RAID storage products for the Apple Macintosh, has raised $7.0M in a new funding round, according to a regulatory filing from the firm Tuesday. Source of the new funding was not announced by t... READ MORE...
posted on Tuesday, August 2, 2011
BetterWorks Gets $8M
Los Angeles-based BetterWorks, the employee benefits platform provider headed by Paige Craig, announced today that it has raised $8M in a Series A funding round. According to the firm, the round was led by Redpoint Ventures, and will go tow... READ MORE...
posted on Tuesday, August 2, 2011
Six Degree Games Gets $4.0M
Marina Del Rey-based Six Degree Games, the developer of online virtual worlds, recently raised $4.0M in new funding, according to regulatory and other sources. Details on the fundraising round--which closed in Q2--have not been announced. S... READ MORE...
posted on Monday, August 1, 2011
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... READ MORE...
posted on Monday, August 1, 2011
Venture Capitalist Confidence Falls, Says Report
A report today, measuring the confidence level of venture capitalists in Silicon Valley, said that its measure of confidence of VC investors dropped in the quarter. According to the Silicon Valley Venture Capitalist Confidence Index, tallie... READ MORE...
posted on Friday, July 29, 2011
GoPollGo, With Idealab Backing, Launches Twitter Polling Service
Pasadena-based Idealab has made another investment in a Twitter-related service, in GoPollGo, which said today that it has launched an online polling service based on Twitter. GoPollGo, which is based in Palo Alto, said it is bringing onlin... READ MORE...
posted on Wednesday, July 27, 2011
ThinkNear Gets $1.6M For Location-based, Mobile Ads
Culver City-based ThinkNear, a new startup focused on helping local merchants reach consumers with mobile, location-based ads, said today that it has raised $1.6M in a seed funding round. The round was led by IA Ventures, and also included ... READ MORE...
posted on Tuesday, July 26, 2011
Los Angeles Ranks Among Top AngelList Cities
The Los Angeles area ranks among the top markets for activity on the angel investment service AngelList, according to new statistics released by the service Monday. According to AngelList, Los Angeles was third in the list of top five locat... READ MORE...
posted on Tuesday, July 26, 2011
LegalZoom Finds $66M From KPCB, IVP
The investment by Kleiner Perkins Caufield & Byers and Institutional Venture Partners into legal documents firm LegalZoom was worth $66M, according to a report today. LegalZoom, which is headed by John Suh, announced the investment from KPC... READ MORE...
posted on Monday, July 25, 2011
Wildcat Discovery Technologies Raises $6.85M
San Diego-based Wildcat Discovery Technologies, a firm developing advanced materials for the clean technology industry, has raised $6.85M out of an ongoing $7.5M funding round, according to a regulatory filing by the firm this week. The fir... READ MORE...
posted on Friday, July 22, 2011
Elevance Renewable Sciences Raises $50M More
Elevance Renewable Sciences, the spinout of Pasadena-based Materia, has scored $50M more in a funding round, according to a regulatory filing by the firm this week. Elevance Renewable Sciences is developing processes to take plant-based oil... READ MORE...
posted on Friday, July 22, 2011
Diversion Gets Series B For Social Games
Los Angeles-based Diversion Inc., a developer of social games, said today that it has scored a Series B strategic funding round. Size of the round was not announced. The firm said the investment was led by TomorrowVentures, hearts Corporati... READ MORE...
posted on Friday, July 22, 2011
Calient Technologies Raises $4.38M
Goleta-based Calient Technologies, a developer of optical switching equipment based on 3D MEMS technology, has raised $4.38M in new funding. The funding came to light via the most recently, PricewaterhouseCoopers/NVCA MoneyTree survey. Deta... READ MORE...
posted on Friday, July 22, 2011
PixelFish Nabs $4M For Online Video Ads
Torrance-based PixelFish, which provides online video marketing products to local businesses, announced Thursday that it has raised $4M in a funding round. The round was led by Bullpen Capital, and also included Floodgate, Mack Capital, Tom... READ MORE...
posted on Thursday, July 21, 2011
Idealab Backs Clean Power Technology Firm
Pasadena-based Idealab announced today that it has invested in a developer of clean energy generation technology. The firm has invested in Cool Energy, a Boulder, Colorado based developer of Stirling engine technology, used to convert heat ... READ MORE...
posted on Thursday, July 21, 2011
ZestCash Gets $19M For Lending Startup
Hollywood-based ZestCash, a startup offering up short-term, consumer loans online, has scored $19M in funding today, including $11M in a Series A equity round plus $8M in venture debt. The equity came from Lightspeed Venture Partners and GR... READ MORE...
posted on Thursday, July 21, 2011
Gaikai Get $30M For Cloud Gaming
Los Angeles-based Gaikai announced Wednesday that it has raised $30M in a Series C funding round. The round was led by New Enterprise Associates, and also included Qualcomm, Benchmark Capital, Rustic Canyon, and Intel Capital. Gaikai is dev... READ MORE...
posted on Wednesday, July 20, 2011
FindTheBest Gets $4M More
Santa Barbara-based FindTheBest, the online comparison engine site run by former DoubleClick founder Kevin O'Connor, has raised another $4M in funding, the firm said today. The round came from Kleiner Perkins Caufield & Byers, the company's... READ MORE...
posted on Wednesday, July 20, 2011
Angeleno Group Backs Glass Recycling Tech Firm
Los Angeles-based Angeleno Group has re-upped its investment in a developer of glass recycling technology, eCullet, as part of a $38M funding round. eCullet announced its new funding round Tuesday, which included both Angeleno Group and DB ... READ MORE...
posted on Wednesday, July 20, 2011
SoCal Gets $739M In Venture Capital In Q2
Southern California companies raised $739M in venture capital in Q2 of 2011, according to the latest numbers from PricewaterhouseCoopers and the National Venture Capital Association (NVCA) based on data from Thomson Reuters. According to ... READ MORE...
posted on Tuesday, July 19, 2011
JMI Equity Backs BrightLine
San Diego-based private equity firm JMI Equity has backed a provider of marketing services for the interactive TV market. According to New York-based BrightLine, it has scored a strategic growth investment from JMI Equity, with JMI Equity's... READ MORE...
posted on Tuesday, July 19, 2011
Scopely Dangles $11K, Bacon, Beer For Recruits
Los Angeles-based Scopely, the stealth-mode startup which announced a funding round this week, has a unique pitch to potential employees: the firm is offering up $11,000 wrapped in Bacon, an oil painting of the new employee, Cuban cigars, a... READ MORE...
posted on Friday, July 15, 2011
Quest Software Backs Business Intelligence Firm
Aliso Viejo-based Quest Software has invested in a developer of business intelligence software, as part of a strategic investment. According to San Francisco-based JasperSoft, Quest Software led its latest, $11M funding round as a strategic... READ MORE...
posted on Friday, July 15, 2011
Steamboat Re-Ups On Mobile Measurement Firm Ground Truth
Burbank-based Steamboat Ventures, the venture capital arm of Walt Disney, has re-upped its investment in a provider of mobile and Internet usage analytics and measurement tools. According to Seattle, Washington-based Ground Truth, it has ra... READ MORE...
posted on Thursday, July 14, 2011
Aptera Finds $2.2M
Carlsbad-based Aptera Motors, the beleagured developer of a three wheeled, electric vehicle, has raised $2.2M in what appears to be a convertible debt round. The funding came to light via a regulatory filing earlier this month. The filing i... READ MORE...
posted on Thursday, July 14, 2011
SoCalGas Invests In Company
Southern California Gas Co., the subsidiary of Sempra Energy which provides natural gas to the Southern California market, said today that it has invested in Tecogen, a developer of natural gas heating and power products. Size of the inve... READ MORE...
posted on Thursday, July 14, 2011
Scopely Gets Angel Funding
Los Angeles-based Scopely, a stealth mode firm headed by former Applied Semantics co-founder Eytan Elbaz, has raised a round of seed funding. The funding came from Terry Semel, Lerer Ventures, Howard Lindzon (StockTwits), Gil Elbaz (Factual... READ MORE...
posted on Wednesday, July 13, 2011
NetDNA Downloads New Funding
Los Angeles-based NetDNA, a provider of content delivery network (CDN) serviecs, said Tuesday that it has scored a new funding round. Amount of the funding was not announced. The CDN provider said the funding came from Chelsea Management, I... READ MORE...
posted on Tuesday, July 12, 2011
MomentFeed Raises $1.2M
Santa Monica-based MomentFeed, a provider of location-based marketing software and services, said today that it has raised $1.2M in a Series AA funding round. The round was led by DFJ Frontier, and also included DFJ JAIC, Gold HIll Capital,... READ MORE...
posted on Tuesday, July 12, 2011
Social Rewards Gets Seeded
Los Angeles-based Social Rewards, the operator of social, loyalty, and affiliate marketing services headed by Joseph Morin, has scored some angel funding, socalTECH has learned. The firm's advisors include Paige Craig, CEO of BetterWorks an... READ MORE...
posted on Monday, July 11, 2011
Venture Fundraising Up, But Number of Funds Down
A report this morning from Dow Jones says that venture capital fundraising in the first half of the year was up 19 percent, however, those funds went to a smaller number of name-brand venture firms. According to Dow Jones, fundraising was u... READ MORE...
posted on Monday, July 11, 2011
GRP Partners Backs DataSift
Los Angeles-based venture capital firm GRP Partners said today that it has made another investment in the Twitter ecosystem, and has led a $6M, Series A investment in Datasift. Datasift is a provider of real-time, analytics and management t... READ MORE...
posted on Monday, July 11, 2011
Daylight Solutions Snags $15M In Series C
San Diego-based Daylight Solutions, a developer of laser systems, molecular detection, and imaging systems, reports today that it has snagged $15M in a Series C funding round. The round was led by Northrop Grumman Corporation, along with ex... READ MORE...
posted on Monday, July 11, 2011
LA's Technology, VC, and Entertainment Industry Meets Royalty
The Los Angeles technology industry appears to have landed as the first stop of Prince William and new bride Catherine in Los Angeles today, as the two are scheduled to present at the Variety Venture Capital and New Media Summit in Beverly ... READ MORE...
posted on Friday, July 8, 2011
Broke Girl's Guide Gets Funding
Santa Monica-based Broke Girl's Guide, a startup focusing in on daily deals and information for women, has scored a small debt funding round, according to a regulatory filing by the firm this week. The firm--started by Erin Bunch, Michelle ... READ MORE...
posted on Thursday, July 7, 2011
ParAccel Finds New Funding, From Amazon.com
San Diego- and Campbell-based ParAccel, the developer of data warehouse and big data analytics software, reported this morning that it has scored a new round of funding, which includes Amazon.com as the lead investor. Financial terms of the... READ MORE...
posted on Thursday, July 7, 2011
HitFix Adds $2M
Los Angeles-based HitFix, an online entertainment news site, announced today that it has closed on a $2M investment round. The new round was led by Golden Seeds, and also included prior investors the Tech Coast Angels. The company said it w... READ MORE...
posted on Thursday, July 7, 2011
YouMail Ups Funding To $12.5M
Irvine-based YouMail, the provider of third party voicemail and other cloud-based communications services run by Alex Quilici, disclosed this morning that it has upped its total funding to $12.5M. The funding came from VantagePoint Capital ... READ MORE...
posted on Thursday, July 7, 2011
CapLinked Trumpets Growth
Los Angeles-based CapLinked, the online platform for managing fundraising and investor updates started by Eric M. Jackson and Christopher Grey, reports today that it has seen major growth this year. The firm said it has grown the platform's... READ MORE...
posted on Wednesday, July 6, 2011
Avalon Ventures, Jeffrey Katzenberg To Benefit From Zynga IPO
San Francisco-based social games maker Zynga, the firm behind the popular FarmVille Facebook game, filed for an IPO Friday, with several Southern California investors potentially beneficiaries of any future IPO success. According to Zynga, ... READ MORE...
posted on Friday, July 1, 2011
Contour Energy Targeting $20M In Series C
Asuza-based Contour Energy Systems, which develops advanced battery technology looks to be targeting $20M for its Series C round, with at least $9.0M raised so far, according to a regulatory filing by the firm this week. Contour said last w... READ MORE...
posted on Thursday, June 30, 2011
Tenex Health Raises $5M
Lake Forest-based Tenex Health, a developer of minimally invasive for treating tendon injuries, said today that it has raised $5M in a series A financing round. The funding was led by VCI Partners. Tenex said the new funding comes on top of... READ MORE...
posted on Thursday, June 30, 2011
Ligand Pharmaceuticals Gets $10M In Credit Facility
San Diego-based Ligand Pharmaceuticals, a biopharmaceuticals firm, has raised $10M in a credit facility from Square 1 Bank. Square 1 said the $10M included an initial $5M in credit secured in March, which was increased by another $5M in Apr... READ MORE...
posted on Wednesday, June 29, 2011
SeeVolution Gains $530K More In Angel Round
Los Angeles-based SeeVolution, the online web analytics and heatmap firm headed by Edo Cohen, has raised $530,000 in angel funding, the firm said this morning. The firm says it has now raised over $730,000 in funding from angel investors. S... READ MORE...
posted on Wednesday, June 29, 2011
ICON Aircraft Raises $25M
Manhattan Beach-based ICON Aircraft, which is developing sport aircraft, said today that it has raised $25M in a funding round. The firm said the financing came from investors Satyen Patel and Bart Becht, along with Google Chairman Eric Sch... READ MORE...
posted on Wednesday, June 29, 2011
LendAmend Gets $750K
Los Angeles-based LendAmend, a developer of online software for managing the amendment of leveraged loans, has raised $750,000 in a Series A funding round. The round came from the Tech Coast Angels. LendAmend's web-based software is used fo... READ MORE...
posted on Tuesday, June 28, 2011
National Technical Systems Gets $14M In PIPE
Calabasas-based National Technical Systems, which provides testing and engineering services, said today that it has raised $14M in a private placement. The firm said it raised the debt and equity with Mill Road Capital. The firm said the ne... READ MORE...
posted on Tuesday, June 28, 2011
MindBody Software Raises $9.0M More
San Luis Obispo-based MindBody Software, the developer of software for managing yoga, pilates, wellness community, and spa and retreats businesses, has raised nearly $9.0M in a new funding round. The disclosure came via a regulatory filing ... READ MORE...
posted on Monday, June 27, 2011
Miven Re-Ups On ViVOtech
Irvine-based Miven Ventures, the venture capital arm of Victor Tsao, the founder of Linksys, has re-upped its investments in a near field communications (NFC) firm, ViVOtech. ViVOtech, which is based in Santa Clara, said it raised $24M in a... READ MORE...
posted on Monday, June 27, 2011
Ivantis Scores $17M For Glaucoma Treatments
Irvine-based Ivantis, a developer of medical devices for the treatment of glaucoma, announced today that it has raised $17M in a new, second round of funding. The round came from New Enterprise Associates and Delphi Ventures. Ivantis said i... READ MORE...
posted on Monday, June 27, 2011
OneLogin Gets $1.5M For Identity Software
Los Angeles-based OneLogin, a new startup tackling the identity and access management software market, said Friday that it has raised $1.5M in a Series A funding round. The round came from Charles River Ventures, and existing investor in th... READ MORE...
posted on Friday, June 24, 2011
Clearstone Tops CalPERS IRR List
CalPERS (the California Public Employees' Retirement System), one of the biggest limited partners in venture capital funds, has released its best and worst performing venture capital and private equity funds as of December 31st, showing tha... READ MORE...
posted on Friday, June 24, 2011
CapLinked Grows Users, Tops $1.7B In Deals
Los Angeles-based CapLinked, which develops software-as-a-service for managing fundraising and venture investment, disclosed today that it has just passed 16,000 users using the site, and now has $1.7 billion in open deals on its platform. ... READ MORE...
posted on Thursday, June 23, 2011
WiSpry Gets $3.5M In Bridge Funding
Irvine-based WiSpry, the developer of radio frequency (RF) semiconductors, has raised $3.5M in a bridge funding round, according to reports. The funding is apparently a bridge to the company's next round. WiSpry is venture backed by Acadia ... READ MORE...
posted on Thursday, June 23, 2011
Transphorm Gets $25M From Soros
Santa Barbara-based Transphorm, a developer of high efficiency, power conversion technology, confirmed today that it has raised $25M in a Series D funding round. The firm said the round was led by Quantum Strategic Partners Ltd., a private ... READ MORE...
posted on Thursday, June 23, 2011
Online Learning Company Ties With UCLA Extension, CAA
A new, venture backed online education company, Encore Career Institute, headed by Steve Poizner, said today that it has linked with the UCLA Extension to offer up professional certificates and career counseling online. The firm said it has... READ MORE...
posted on Thursday, June 23, 2011
AngelVision Eyes Investments In Entertainment, New Media
A new Los Angeles investment group, AngelVision Investors, said this morning that it has launched, and is looking to invest in startup and emerging growth-oriented companies, in the entertainment, marketing and new media. The firm did not s... READ MORE...
posted on Tuesday, June 21, 2011
Contour Energy Systems Finds More Funding
Azusa-based Contour Energy Systems, the developer of battery technology based on research from Caltech, said today that it has raised a Series C funding round. The firm said the new funding came from Singapore investment fund EDBI, CMEA Cap... READ MORE...
posted on Tuesday, June 21, 2011
Ortiva Wireless Raises $2.5M
La Jolla-based Ortiva Wireless, which develops wireless video optimization and streaming hardware and software for wireless operators, has raised $2.5M in a convertible debt funding round, according to a filing from the firm Friday. The fil... READ MORE...
posted on Monday, June 20, 2011
ClariPhy Raises $14M More
Irvine-based ClariPhy Communications, which develops high speed, mix signal digital signal processing chips for optical networking, announced today that it has raised $14M in a new funding round. The round was led by Nokia Siemens Networks,... READ MORE...
posted on Monday, June 20, 2011
W4 Scores $10M In Funding
Santa Monica-based W4, an online advertising marketplace founded by former Hydra Network executives, said this morning that it has raised $10M in debt funding. The firm said the funding came from Silicon Valley Bank. W4 is headed by Jason D... READ MORE...
posted on Monday, June 20, 2011
BeachMint Gets $23.5M
Santa MOnica-based BeachMint, the celebrity e-commerce site started by former MySpace founder Josh Berman and Diego Berdakin, said Friday afternoon that it has raised $23.5M in a new funding round. The round was led by Scale Venture Partner... READ MORE...
posted on Friday, June 17, 2011
Tranphorm Raises $25M
Goleta-based Transphorm, the developer of high efficiency power conversion devices for the grid and power conversion market, has just raised $25M as part of an ongoing, $30M fundraising effort, according to a regulatory filing by the firm t... READ MORE...
posted on Friday, June 17, 2011
Gamzee Gets Seed Funding
Los Angeles-based Gamzee, a developer of HTML5 and mobile/social games, announced Thursday that it has raised $1M in a seed round of funding. The funding came from Bristol Investment Fund, Ltd; Jarl Mohn, the former CEO of Liberty Digital a... READ MORE...
posted on Thursday, June 16, 2011
Gigi Hill Gets $3M For Handbags
Yorba Linda-based Gigi Hill, a manufacturer of handbags and totes distributed through in-home parties, has raised $3M in a Series A funding. The funding came from Maveron, the venture capital firm founded by Starbucks founder Howard Schultz... READ MORE...
posted on Wednesday, June 15, 2011
Howard Lindzon Backs Embedly
Howard Lindzon, the CEO of San Diego-based StockTwits, has made another angel investment, this time in Embed.ly, a developer of tools that make it easier for web sites to embed content from other web sites. Embed.ly said it raised $450,000 ... READ MORE...
posted on Friday, June 10, 2011
Ambit Biosciences Raises $30M
San Diego-based Ambit Biosciences, which is developing cancer treatments, announced this morning that it has raised $30M in Series D-2 round of funding. The funding was led by Apposite Capital LLP, and also included prior investors Perseus-... READ MORE...
posted on Friday, June 10, 2011
Epiomed Therapeutics Gets Series A
Irvine-based Epiomed Therapeutics, a developer of small-molecule, anti-emetic and anti-motion sickness compounds, said this week that it raised a Series A funding round. The firm said the round came from NDI Capital. Financial details of th... READ MORE...
posted on Thursday, June 9, 2011
MovieClips Gains $6.0M More
Santa Monica-based MovieClips, which provides access to a collection of license movie clips from major studios, has raised $6.0M out of an ongoing, $7.0M funding round. The funding was revealed via a regulatory filing Thursday. No details o... READ MORE...
posted on Thursday, June 9, 2011
Skinit Scores $12.0M In Debt Funding
San Diego-based Skinit, the provider of personalized protective "skins" for electronic devices, said today that it has raised $12M in a debt financing round. The round came from BlueCrest Capital Finance. Skinit said the funding will go tow... READ MORE...
posted on Thursday, June 9, 2011
Access Scientific Raises $10M
San Diego-based Access Scientific, a developer of vascular access technology, said today that it has completed a $10M, financing round. The round was led by CAC, and also included the firm's prior investors. The firm said the funding will ... READ MORE...
posted on Thursday, June 9, 2011
CapLinked Leverages LinkedIn For Suggestions
Los Angeles-based CapLinked, the developer of software aimed at helping companies manage the fundraising process, is rolling out a new feature today which taps a user's LinkedIn contacts to suggest who to invite into deals and other busines... READ MORE...
posted on Wednesday, June 8, 2011
Billionaire Soon Shiong Funds Healthcare Systems Developer
Los Angeles billionaire entrepreneur Patrick Soon Shiong has made an investment in a healthcare technology firm Net.Orange, Net.Orange said today. The Texas firm provides a suite of web-based applications for the healthcare industry. Financ... READ MORE...
posted on Tuesday, June 7, 2011
Assay Depot Gets $1.7M
San Diego-based Assay Depot, a developer of cloud-based, pharmaceuticals research marketplace, said this morning that it has raised $1.7M in a funding round. The round came from un-named, private investors. The company said the funding will... READ MORE...
posted on Tuesday, June 7, 2011
Interview Dan Dato and Bruce Brown, Upstart.LA
Although Los Angeles has become a hub for the high tech startup world, Surprisingly, one of the things which hasn't happened in the Los Angeles area is any huge, successful venture acceleration programs. Those programs--epitomized by YCom... READ MORE...
posted on Monday, June 6, 2011
Otonomy Ups Funding By $14.2M
San Diego-based Otonomy, a firm developing products to treat disorders of the inner and middle ear, looks to have pulled in $14.2M more in a tranched financing which was originally announced last August, according to a regulatory filing by ... READ MORE...
posted on Friday, June 3, 2011
Santa Barbara Investor Puts $4M Into Mindflash
The Investment Group of Santa Barbara, a venture capital investment group based in Santa Barbara, has invested $4M in funding for a developer of a web-based cloud training software firm, Mindflash, Mindflash said today. Mindflash, which is ... READ MORE...
posted on Thursday, June 2, 2011
UberMedia Lands $5.6M
Pasadena-based UberMedia, the developer of Twitter client applications, announced this morning that it has scored an additional, $5.6M in a new investment round. The new funding came from Burda Digital, the European Internet investor. UberM... READ MORE...
posted on Thursday, June 2, 2011
SteelHouse Gets Funding, Launches E-Commerce Technology Firm
Los Angeles-based SteelHouse, a developer of e-commerce technology based on consumer behavior, launched its "behavioral commerce technology" to boost e-commerce conversion Wednesday, and also revealed that it has scored venture funding for ... READ MORE...
posted on Wednesday, June 1, 2011
Altly Reveals Seed Investors
Venice-based Altly, the startup headed by Dmitry Shapiro which is developing an alternative to Facebook, has revealed the full list of its seed funding investors today, saying that it raised $1M in funding from Freestyle Capital, Social Lev... READ MORE...
posted on Wednesday, June 1, 2011
Vokle Gets New Investment
Irvine-based Vokle, which operates an online, live web streaming and broadcasting service, has scored $767,000 in a new round of funding, according to lead investor the Tech Coast Angels. The TCA said the new round was led by Dave Berkus. T... READ MORE...
posted on Wednesday, June 1, 2011
Amos Content Group Gets Angel Funding
Santa Monica-based Amos Content Group, a provider of editorial and video content services, said today that it has scored a round of angel funding. The firm, which provides online video creation for such firms as SodaHead, Fox, SPIKE, and ot... READ MORE...
posted on Tuesday, May 31, 2011
Six Degree Games Raises $4.0M
Marina Del Rey-based Six Degree Games, the developer of online virtual worlds for children, has raised another $4.0M in funding, according to a regulatory filing from the firm late Friday. No details on the funding have yet been announced b... READ MORE...
posted on Tuesday, May 31, 2011
OpenX Gets $20M From SAP, Others
Los Angeles-based OpenX Technologies, the developer of online advertising serving software, announced this morning that it has raised $20M in a Series D funding round. The round was led by SAP Ventures, and also included new investors AOL V... READ MORE...
posted on Tuesday, May 31, 2011
OpenX Raises $20M More
Pasadena-based online advertising software firm OpenX has just raised a big, $20M funding round, according to a regulatory filing from the firm late Friday. The funding has not yet been announced by the company. Source of the new funding wa... READ MORE...
posted on Friday, May 27, 2011
Ashton Kutcher Backs Airbnb
Actor Acton Kutcher is further extending his influence in the technology world, and has invested in San Francisco startup Airbnb. The Los Angeles actor has made a "significant investment" in Airbnb, an online vacation rental site. Kutcher a... READ MORE...
posted on Thursday, May 26, 2011
Altly Posts Anti-Facebook Manifesto, Gets Funding
Los Angeles-based Altly, the latest startup of Dmitry Shapiro, the founder of Veoh and former CTO of MySpace Music, has officially thrown down the gauntlet, saying in a blog post this week that it there is a need for an alternative to Faceb... READ MORE...
posted on Wednesday, May 25, 2011
Solarflare Gets $20.5M More
Irvine-based Solarflare, the developer of high speed, low latency 10GbE server adapters, has raised $20.5M, according to a regulatory filing from the firm today. Details on the funding--part of an ongoing, $24.1M fundraising effort--have no... READ MORE...
posted on Tuesday, May 24, 2011
Music Mastermind Gains $10.8M
Calabasas-based Music Mastermind, which is developing a music creation platform, said Monday that it has raised $10.8M in a Series B funding round. The round came from Intel Capital and Liberty Global, along with angel investors. Intel and ... READ MORE...
posted on Tuesday, May 24, 2011
EQAL Raising $3.5M
Santa Monica-based EQAL, the producer of online content known for LonelyGirl15 and KateModern, is in the midst of raising $3.5M in a funding round, according to a regulatory filing by the firm Monday. The filing indicates the firm has so fa... READ MORE...
posted on Tuesday, May 24, 2011
Unsocial Gets Seeded
Los Angeles-based Unsocial, a newly launched, location-based business networking service, said today that it has scored a seed round of funding, and launched its product. The funding came from un-named, accredited individual investors. Unso... READ MORE...
posted on Monday, May 23, 2011
Brighter.com, Jake Winebaum's Newest Startup, Gets $5M In Funding
Santa Monica-based Brighter.com, an online site focused on helping consumers find and compare dentists, has scored $5M in a Series A funding. The new site--the latest from entrepreneur Jake Winebaum--said that the funding was led by Mayfiel... READ MORE...
posted on Friday, May 20, 2011
GRP Partners Backs Cloud Database Firm
Los Angeles-based venture capital firm GRP Partners has backed a provider of cloud-based databases, MongoLab, in its Series A funding. MongoLab said it has raised $3M in a Series A funding led by The Foundry Group, and including Baseline Ve... READ MORE...
posted on Wednesday, May 18, 2011
Cameron Health Raises $107M
San Clemente-based Cameron Health, which is developing subcutaneous implantable defibrillators, said today that it has raised $107M in an equity financing round. The round was led by Alloy Ventures and Delphi Ventures. the firm said the fun... READ MORE...
posted on Wednesday, May 18, 2011
Quest Software Backs Middleware Developer
Aliso Viejo-based Quest Software, the developer of enterprise software tools, has backed a maker of SOA middleware. According to WSO2, a Silicon Valley-based developer of middleware software, it raised $6.5M in a growth funding round, led b... READ MORE...
posted on Tuesday, May 17, 2011
Andreessen Horowitz: ShoeDazzle Reinvents 1920's Startup
Last week's $40M funding by Andreessen Horowitz of Los Angeles-based ShoeDazzle, the monthly fashion, shoe and pursue startup headed by LegalZoom founder Brian Lee, was driven by parallels to a 1920's startup--the Book of the Month Club. Ac... READ MORE...
posted on Tuesday, May 17, 2011
Arcturus Get Exit At Pliant
Pasadena-based venture capital firm Arcturus Capital has scored an exit out of its portfolio this morning, as Milpitas, California-based Pliant Technology was acquired by SanDisk in a deal worth $327M. SanDisk said it would pay $327M in cas... READ MORE...
posted on Monday, May 16, 2011
ShoeDazzle Raises $40M
Los Angeles-based ShoeDazzle.com, the online shoe buying club headed by Brian Lee, the founder of LegalZoom, has raised $40M in a new funding round. The funding was led by Andreessen-Horowitz, and also included the firm's prior investors. S... READ MORE...
posted on Friday, May 13, 2011
Fisker Automotive Raises Another $100M
Irvine-based Fisker Automotive, the developer of electric and hybrid cars, has raised another $100M in funding, according to a regulatory filing by the firm Friday. Source of the new funding was not disclosed. The funding was part of the f... READ MORE...
posted on Friday, May 13, 2011
ShareSquare Raising $1.5M
Los Angeles-based ShareSquare, the QR-code firm headed by Matthias Galica, said Friday that the firm is in the process of closing $1M to $1.5M in funding on AngelList, as the firm ramps its development efforts. Galica said it is looking to ... READ MORE...
posted on Friday, May 13, 2011
Conexant Gets Investment From August Capital
Newport Beach-based semiconductor maker Conexant Holdings announced late Thursday that the firm has scored an investment from venture capital firm August Capital. Amount of the new funding was not disclosed. Conexant recently went private a... READ MORE...
posted on Friday, May 13, 2011
Momentum Ventures Winding Down, Says Report
Los Angeles-based Momentum Ventures, the venture acceleration and funding firm, is no longer making investments and is winding down, according to a report from the Wall Street Journal. According to Andy Wilson, Managing Director and Founder... READ MORE...
posted on Wednesday, May 11, 2011
Mission Ventures Backs Ex-Greenplum Execs
San Diego-based venture capital firm Mission Ventures has backed a team from former portfolio firm Greenplum, in a new venture round. According to San Mateo-based Alpine Data Labs, it has scored $7.5M in a Series A funding from Sierra Ventu... READ MORE...
posted on Wednesday, May 11, 2011
Adconion Gets $34M In Financing
Adconion, which operates an Internet advertising network and related businesses, said earlier this week that it has raised £21 ($34M) in financing from Silicon Valley Bank. Adconion has major operations in Los Angeles. The firm said th... READ MORE...
posted on Tuesday, May 10, 2011
Scentsa Gets Series A Funding
Carlsbad-based Scentsa, a developer of an out-of-home advertising network, has scored a Series A funding from San Diego private equity fund Huntington Capital, Huntington said Tuesday. Size of the equity funding deal was not disclosed. Acco... READ MORE...
posted on Tuesday, May 10, 2011
SUPER HEAT Games Gets $1.6M
Encinitas-based SUPER HEAT Games, a developer of skateboard-themed collectible trading card games, announced this morning that it has raised $1.6M in a Series A funding round. The round was led by Diamond Ridge Ventures and DFJ Frontier. As... READ MORE...
posted on Tuesday, May 10, 2011
Veredezyne Gets New Funding
Carlsbad-based Verdezyne, a developer of renewable fuel and chemical processes, announced this morning that it has scored a new round of funding. Size of the new round was not disclosed. Verdezyne said the investors in the new round of fund... READ MORE...
posted on Monday, May 9, 2011
MashOn Gets $620K
Los Angeles-based MashOn, a firm providing web-based personalization and brand marketing services, has raised $620,000 in a funding round, according to a regulatory filing by the firm Friday. The filing indicates the funding is part of an o... READ MORE...
posted on Friday, May 6, 2011
GoPro Boosted By Steamboat, Others
GoPro, the maker of wearable, action sports cameras, which has operations in San Diego, has scored a strategic investment which includes the involvement of Burbank Steamboat Ventures, GoPro said today. GoPro said it received a "substantial"... READ MORE...
posted on Thursday, May 5, 2011
NeuroVigil Gets Funding
La Jolla-based NeuroVigil, a firm developing non-invasive wireless brain recording technology and advanced computational analysis techniques, has raised a first round of funding, the firm said this week. Amount of the funding, and source, w... READ MORE...
posted on Wednesday, May 4, 2011
LegalZoom Adds Kleiner, IVP As Investors
Glendale-based LegalZoom said last week that it has added Institutional Venture Partners and Kleiner Perkins Caufield & Byers as investors in the firm. No details on the investment were disclosed. KPCB and IVP join Polaris Venture Partners ... READ MORE...
posted on Wednesday, May 4, 2011
Local Angels Fund Troopswap.com
A set of three, well known Los Angeles investors with military connections are funding a new startup, Troopswap.com, focused on providing daily deals to the military community. According to Troopswap.com, based in Hampton Road, Virginia, it... READ MORE...
posted on Tuesday, May 3, 2011
Local Angels Fund Troopswap.com
A set of three, well known Los Angeles investors with military connections are funding a new startup, Troopswap.com, focused on providing daily deals to the military community. According to Troopswap.com, based in Hampton Road, Virginia, it... READ MORE...
posted on Tuesday, May 3, 2011
TCA Backs Cancer Testing Firm
The Tech Coast Angels, the largest and most active angel investment group in Southern California, is backing a firm developing testing for cervical cancer. According to fellow investor the Sand Hill Angels, OncoHealth Corporation has raised... READ MORE...
posted on Tuesday, May 3, 2011
Quigley: Venture Capital Revival Coming
William Quigley, a venture capitalist at Clearstone Venture Partners, is making the argument that venture capital returns are set to return superior returns in the coming years, due to the disinterest of institutional investors. In a report... READ MORE...
posted on Monday, May 2, 2011
Venture Investors Gain Confidence
A new study released last night finds that Silicon Valley venture capitalists have gained significant confidence from last quarter. The Silicon Valley Venture Capitalist Confidence Index, compiled by Professor Mark Cannice at UC San Francis... READ MORE...
posted on Thursday, April 28, 2011
Technicolor Backs Video Search Firm
Technicolor, the provider of services to the motion picture, television, and media industry, has backed a North Carolina technology firm developing video search and discovery products. Durham, N.C.-based Digitalsmiths said that it has close... READ MORE...
posted on Wednesday, April 27, 2011
Viddy Gets $1.6M For Mobile Video Sharing Software
Venice, California-based Viddy, a new startup developing mobile video tools, said today that it has raised $1.6M in a first round of financing, and launched a mobile video creation and sharing tool for the iPhone. the funding round came fro... READ MORE...
posted on Wednesday, April 27, 2011
Report: Mailroom Fund Demise Due To William Morris
News of the demise of Los Angeles venture capital fund The Mailroom Fund, the joint venture capital effort of Accel Partners, Venrock, the William Morris Agency and AT&T, is finally trickling out. According to a report today by Fortune, the... READ MORE...
posted on Tuesday, April 26, 2011
Machinima Raises $3.4M
Los Angeles-based Machinima, which operates a video entertainment network for video gamers and develops associated animated content tools, has raised $3.4M as part of an ongoing, $5.0M fundraising round, according to a regulatory filing fro... READ MORE...
posted on Monday, April 25, 2011
Nevolution Gets $450K For Windows App Store
Woodland Hills-based Nevolution said today that it has raised $450,000 in an angel investment round, for the development of its Windows App Store. Nevolution said the round was led by Don Walerstein, founding partner of entertainment law fi... READ MORE...
posted on Monday, April 25, 2011
Greycroft Hires Bricault In LA
Venture capital firm Greycroft Partners is bolstering its presence in the Los Angeles area, saying this morning that it has added Paul Bricault, former an EVP at William Morris Agency, as a Venture Partner in its Los Angeles office. Bricaul... READ MORE...
posted on Monday, April 25, 2011
iChange Acquired By Herbalife
El Segundo-based iChange, the operator of an online community focused on lifestyle changes, weight loss, and nutrition, has been acquired by Herbalife, according to investor Momentum Venture Management. Financial terms of the deal were not ... READ MORE...
posted on Friday, April 22, 2011
ScoreBig Confirms Funding Round
Los Angeles-based ScoreBig, a members-only ticketing site, has confirmed its recent $14M funding, saying the Series B funding was led by U.S. Venture Partners. The funding had originally been uncovered by socalTECH via a regulatory filing y... READ MORE...
posted on Thursday, April 21, 2011
SoCal Firms Still Lined Up For IPOs
10 of the 44 venture-backed companies currently filed to go public are from Southern California, according to an analysis today from the Wall Street Journal. According to the report, there are 44 U.S., venture-backed companies currently fil... READ MORE...
posted on Wednesday, April 20, 2011
ScoreBig Raises $14.1M
Los Angeles-based ScoreBig, an online, members-only service providing discounted sports, concert, and theater tickets, has raised $14.1M in a funding round, according to a regulatory filing by the firm today. The filing indicates the funds ... READ MORE...
posted on Wednesday, April 20, 2011
TRACON Pharmaceuticals Raises $14M
San Diego-based TRACON Pharmaceuticals, a firm developing cancer therapeutics, said this morning that it has raised $14M in a first tranche closing of a venture round. The round was led by JAFCO and Nextech Invest, and also included Arcus V... READ MORE...
posted on Wednesday, April 20, 2011
Sangart Raises $50M
San Diego-based Sangart, a firm developing products to prevent and treat ischemia and to stabilize the hemoglobin of sickle cell disease patients, said Tuesday that it has raised $50M in a Series G equity financing round. The round was led ... READ MORE...
posted on Tuesday, April 19, 2011
DFJ Mercury Promotes Venture Partner In San Diego
DFJ Mercury, one of the affiliate venture firms of Draper Fisher Jurvetson, said Tuesday that it has promoted a venture partner who will be splitting his time between La Jolla and Houston, its headquarters. The firm--which invests in seed a... READ MORE...
posted on Tuesday, April 19, 2011
HipGeo Raises $500K
Los Angeles-based HipGeo has raised $500,000 in an initial round of funding, the firm is announcing this week. The funding comes from Morado Venture Partners, a seed stage fund run by ex-Yahoo executives Ash Patel and Michael Marquez. Other... READ MORE...
posted on Tuesday, April 19, 2011
San Diego's Lindzon Re-Ups On TicketFly
Prolific San Diego angel investor Howard Lindzon, the CEO and founder of Stocktwits, has re-upped in Ticketfly, a social event ticketing service. Ticketfly said Tuesday that it has raised $12M more in funding, in a round led by Mohr Davidow... READ MORE...
posted on Tuesday, April 19, 2011
Briabe Media Finds $2M
Venice, California-based Briabe Media, a mobile marketing firm targeting Hispanic, African, and Asian American consumers, said today that it has raised more than $2M in funding. The firm came from Stochasto Holdings AS of Norway. According... READ MORE...
posted on Tuesday, April 19, 2011
Vokle Ups Funding To $767K
Santa Monica-based Vokle, the developer of an online service to show live, streamed events, has now raised $767,000 in its latest seed round of funding, according to a regulatory filing by the firm yesterday. The funds include capital from ... READ MORE...
posted on Tuesday, April 19, 2011
TreatFeed Lands $5.4M
Los Angeles-based TreatFeed, a new startup focused on word-of-mouth, social marketing, said today that it has raised $5.4M in a Series A funding round. The firm, founded by Brett Markinson and Konstantin Glasmacher, said the funding was led... READ MORE...
posted on Tuesday, April 19, 2011
CoDa Therapeutics Adds $19M
San Diego-based CoDA Therapeutics, a developer of chronic wound healing biopharmaceuticals, announced this morning that it has raised $19.2M in a series B financing round. The round came from Domain Associates, GBS Venture Partners and BioP... READ MORE...
posted on Monday, April 18, 2011
CoDa Therapeutics Adds $19M
San Diego-based CoDA Therapeutics, a developer of chronic wound healing biopharmaceuticals, announced this morning that it has raised $19.2M in a series B financing round. The round came from Domain Associates, GBS Venture Partners and BioP... READ MORE...
posted on Monday, April 18, 2011
SaveFans Gets Seeded
Sherman Oaks-based SaveFans, an online, third party marketplace for sports, concert, theatre, and other tickets, has recently scored a round of investment. The firm's first outside round came from angel investor Jamie Kennedy. SaveFans is h... READ MORE...
posted on Friday, April 15, 2011
ZPower Raises $64M
Camarillo-based ZPower, a developer of battery technology, appears to have raised $64M, according to a regulatory filing released by the firm Friday. In a filing, the firm said it issued $64M in equity as part of a merger, acquisition or ex... READ MORE...
posted on Friday, April 15, 2011
Venture Capitalists Invest $493.2M In Southern California In Q1
The latest venture capital numbers from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters, was released tonight, showing that Southern California had $493.2M in i... READ MORE...
posted on Thursday, April 14, 2011
Altasens Raises $15.1M
Westlake Village-based Altasens, a developer of CMOS image sensors, has raised $15.1M out of a $20.1M funding round, according to a regulatory filing from the firm Thursday. Details on the funding have not been announced by the company. Alt... READ MORE...
posted on Thursday, April 14, 2011
MarketShare Gets $32M From Elevation
Los Angeles-based MarketShare, the provider of marketing analytics software headed by Wes Nichols and Jon Vein, announced today that it has raised $32M in a follow on investment from private equity firm Elevation Partners. According to Mark... READ MORE...
posted on Thursday, April 14, 2011
Conatus Pharmaceuticals Adds $7.5M
San Diego-based Conatus Pharmaceuticals, a biopharmaceuticals firm working on treatments for hepatitis C, said this week that it has closed on an additional $7.5M in its Series B funding round. The round came from MPM Capital. The new fundi... READ MORE...
posted on Thursday, April 14, 2011
Rustic Canyon Boosts Optical Switching Firm
Los Angeles-based venture capital firm Rustic Canyon Partners has re-upped its investment in optical switching firm Capella Intelligent Subsystems. Capella said it raised $20M today for its wavelength selective switches, used in the reconfi... READ MORE...
posted on Wednesday, April 13, 2011
Monet Software Gets Debt Financing
Los Angeles-based Monet Software, a developer of workforce management software for managing call centers, has raised a round of debt financing. The funding came from Agility Capital. Amount of the funding was not disclosed. According to Agi... READ MORE...
posted on Tuesday, April 12, 2011
3ality Digital Gets Funding
Burbank-based 3ality Digital, a developer of 3D production technology and services, has scored a new funding from Clearlake Capital Group. According to Clearlake, it led and sponsored a recapitalization of 3ality, acquiring the majority of ... READ MORE...
posted on Tuesday, April 12, 2011
GreenScreen Animals Gets Funding, Hires PriceGrabber Exec
Los Angeles-based GreenScreen Animals, a firm developing a library of digital animal footage and stills for Hollywood, announced this morning that it has received a Series A funding round. Size and source of the funding was not announced. A... READ MORE...
posted on Monday, April 11, 2011
SAIL Launches Louisiana Cleantech Fund
Irvine-based venture capital firm SAIL Capital Partners said this week that it has launched a new, venture capital fund focused on investing in clean technology in Louisiana. The firm said the new fund -- The Louisiana Sustainability Fund (... READ MORE...
posted on Friday, April 8, 2011
MarketShare Adds $10M To Funds
Los Angeles-based MarketShare, the marketing analytics technology firm run by Wes Nichols, has scored another $10M in funding, according to a regulatory filing from the firm Thursday. MarketShare was unable to provide additional details on ... READ MORE...
posted on Friday, April 8, 2011
SolarReserve Raises $20M More
Santa Monica-based SolarReserve, the developer of utility scale, solar thermal power plants, has raised $20M in a Series C funding round. The funding was disclosed via a regulatory filing Thursday. Source of the new funding was not disclose... READ MORE...
posted on Thursday, April 7, 2011
SDVG Taps Windward's Titus As Full Time President
The San Diego Venture Group said this week that it has tapped David Titus, co-founder of venture capital firm Windward Ventures, as full time President of the organization. According to the SDVG, Titus will lead the group in a "new level of... READ MORE...
posted on Thursday, April 7, 2011
Steamboat Backs Camera Maker GoPro
Burbank-based Steamboat Ventures, the venture capital arm of the Walt Disney Company, has backed Woodman Labs the parent firm of sports camera maker GoPro. Financial details of the investment were not disclosed. The WSJ first reported the i... READ MORE...
posted on Wednesday, April 6, 2011
Arrowhead Research Boosts Investment In Ablaris
Pasadena-based Arrowhead Research said Wednesday that it has boosted its stake in Ablaris Therapeutics, a firm developing treatments for obesity. According to Arrowhead Research, it invested $1.3M in a second close of a Series A financing r... READ MORE...
posted on Wednesday, April 6, 2011
Anametrix Adds Investor
San Diego-based Anametrix, a developer of business analytics and marketing intelligence software-as-a-service, announced this morning that it has added an investor. The firm said it has received an investment from Walter G. Kortschak, forme... READ MORE...
posted on Wednesday, April 6, 2011
TrueCar Gets Investment from Guthy-Renker
Santa Monica-based TrueCar, the online car pricing site headed by Scott Painter, has scored a new, equity investment and partnership with direct marketing firm Guthy-Renker, the firm announced today. Financial terms of the investment were n... READ MORE...
posted on Tuesday, April 5, 2011
Alteryx Lands $6M
Orange-based Alteryx, a developer of spatial intelligence software for business, said today that it has raised $6M in a Series A investment round. The round came from SAP Ventures Fund I. Alteryx develops mapping software used by Fortune 50... READ MORE...
posted on Tuesday, April 5, 2011
Moriarty Joins Triton Media Group Board
Sean Moriarty, formerly the CEO of Ticketmaster, and currently Entrepreneur in Residence for venture capital firm Mayfield Fund, has joined the board of Los Angeles-based Triton Media Group. Triton is a provider of digital services and tool... READ MORE...
posted on Tuesday, April 5, 2011
Nelson Nameplate, Miller Dial Combine, Get Funding
Two Los Angeles area companies focused on membrane switches and other products for the electronics, healthcare, industrial, and aerospace market, have combined and gained private equity funding. Los Angels-based Nelson Nameplate and Miller ... READ MORE...
posted on Monday, April 4, 2011
Ranker Raises $1.3M
Los Angeles-based Ranker, the startup headed by Clark Benson which allows users to rank anything they want in a list, has raised $1.3M in a Series A funding. The funding was led by Tim Draper of Draper Fisher Jurvetson, and also included Ri... READ MORE...
posted on Monday, April 4, 2011
AnaBios Raises $800K
San Diego-based AnaBios, a contract research organization focused on drug safety, said today that it has raised $800,000 as part of a Series A funding round. The funding was led by the Tech Coast Angels, including the Tech Coast Angels Ange... READ MORE...
posted on Monday, April 4, 2011
GotCast Gets More Funding
Santa Monica-based GotCast, the online casting and talent site run by Alec Shankman, told its supporters this morning that it has raised a new round of venture capital funding. In an email, Shankman said that the firm closed a round of addi... READ MORE...
posted on Friday, April 1, 2011
GotCast Gets More Funding
Santa Monica-based GotCast, the online casting and talent site run by Alec Shankman, told its supporters this morning that it has raised a new round of venture capital funding. In an email, Shankman said that the firm closed a round of addi... READ MORE...
posted on Friday, April 1, 2011
GameSalad Raises $6M More
Los Angeles- and Austin-based GameSalad, the iPhone creation software firm, has raised $6M in another round of funding, the firm is announcing today. The round was led by Steamboat Ventures, and also included Greycroft Partners, DFJ Mercury... READ MORE...
posted on Thursday, March 31, 2011
Open Angel Forum Looks To Expand
The Open Angel Forum, the angel investment group started by Mahalo's Jason Calacanis, is looking to expand, according to the group. The group said Wednesday that it is looking to add five more chapters on top of existing chapters in Los Ang... READ MORE...
posted on Thursday, March 31, 2011
Inspiration Biopharmaceuticals Raises Funding To $247M
Laguna Nigel-based Inspiration Biopharmaceuticals, a developer of treatments for hemophilia, has raised its latest funding to $247.6M, according to a regulatory filing by the firm today. Details on the funding have not been announced by the... READ MORE...
posted on Wednesday, March 30, 2011
Interview with Jeb Spencer, TVC Capital
Last week, El Segundo-based Accordent Technologies, a developer of webcasting and presentation services and software, was acquired by Polycom, in a $50M deal. The firm's investor was San Diego-based TVC Capital, which invested only $4M in t... READ MORE...
posted on Wednesday, March 30, 2011
TCA Trumpets Exits
The Tech Coast Angels, the biggest angel investment group in Southern California, is trumpeting its involvement in five exits in 2010 today. The Tech Coast Angels said that it saw a 78.75 percent IRR as part of its involvement in the Series... READ MORE...
posted on Wednesday, March 30, 2011
Toygaroo Gets Funding From Cuban, O'Leary
Los Angeles-based Toygaroo.com, a new startup that allows families to rent toys, has raised $200,000 in a funding round, the firm said late Monday evening. The funding came from Mark Cuban and Kevin O'Leary. Toygaroo--which calls itself the... READ MORE...
posted on Tuesday, March 29, 2011
Clearstone Backs Games2Win
Santa Monica-based Clearstone Venture Partners has upped its investment in Mumbai, India-based Games2Win, an online developer of casual and other games. According to Games2Win, it has raised $6M in a Series B financing round, which also inc... READ MORE...
posted on Tuesday, March 29, 2011
Arena Pharmaceuticals Raises $35.5M in PIPE
San Diego-based Arena Pharmaceuticals, a publicly held developer of pharmaceuticals based on G protein-coupled receptors (GPCRs), announced this morning that it has raised $35.5M in a Series C convertible preferred stock financing. The fund... READ MORE...
posted on Tuesday, March 29, 2011
Zadspace Raises $3.2M
El Segundo-based Zadspace, the developer of on-package advertising products, announced this week that it has raised $3.2M in a funding round. The round came from Connecticut Innovation and DFJ Frontier, along with Crosscut Ventures, LaunchC... READ MORE...
posted on Friday, March 25, 2011
Color's SoCal Connection: Peter Pham
Palo Alto-based Color, the new Silicon Valley startup developing mobile photo sharing and social networking software which appears to have gained unprecedented attention from the press this week at its launch, has a Southern California conn... READ MORE...
posted on Friday, March 25, 2011
Total Immersion Raises $5.5M
Los Angeles-based Total Immersion, the developer of augmented reality software and technology, announced this morning that it has raised $5.5M in a funding round. The round was led by Intel Capital, and also included prior investors Partech... READ MORE...
posted on Thursday, March 24, 2011
TVC Gets Big Exit In Accordent
The sale this morning of El Segundo-based Accordent Technologies was a big win for San Diego investment firm TVC Capital. TVC was the sold institutional investor in Accordent, which sold to Polycom for $50M. TVC's investment in Accordent wa... READ MORE...
posted on Wednesday, March 23, 2011
Insights: The Challenges (& Opportunities) of Starting a Tech Company in LA
Jason Nazar is CEO and founder of Santa Monica-based document sharing firm DocStoc, and recently put together his thoughts on the challenges, and opportunities, facing startups in Los Angeles. He gave us permission to reprint it in our In... READ MORE...
posted on Wednesday, March 23, 2011
Nexon Boosts Social Games Firm A Bit Lucky
Los Angeles-based Nexon America, the North American arm of South Korean videogame developer Nexon, said Tuesday that it has invested $5M in a Silicon Valley social games developer, A Bit Lucky. A Bit Lucky is a developer of such games as th... READ MORE...
posted on Wednesday, March 23, 2011
SocialVibe Gets $20M More
Los Angeles-based SocialVibe, the provider of social advertising software and technology, announced today that it has raised $20M in additional equity funding. The funding was led by Norwest Venture Partners, and also included Redpoint Vent... READ MORE...
posted on Tuesday, March 22, 2011
MasterImage 3D Gets $15M From Samsung
Hollywood-based MasterImage 3D, a developer of 3D technology tools, announced today that it has raised $15M in a strategic investment from Samsung Ventures. MasterImage said it is developing technology for auto-stereoscopic 3D displays and ... READ MORE...
posted on Tuesday, March 22, 2011
CoolPlanetBiofuels Gets Google Backing
Camarillo-based CoolPlanetBiofuels, which develops technology to convert biomass to biofuels, has scored backing from Google, the firm said Thursday. According to CoolPlanetBiofuels, Google Ventures has joined its Series B funding round. Fi... READ MORE...
posted on Thursday, March 17, 2011
Phorus Finds $125K
Los Angeles-based Phorus, a stealth mode startup headed by Dannie Lau, former Co-founder and EVP of Phatnoise, has raised $125,000 in what appears to be an ongoing, $250,000 seed funding round. No details on the company or funding have been... READ MORE...
posted on Wednesday, March 16, 2011
2tor Finds $32.5M
New York-based 2tor, the online education startup which powers online degree programs from the University of Southern California (USC) and others, has raised $32.5M in a Series C funding. Greg Martin, of Los Angeles-based Archer Venture Cap... READ MORE...
posted on Tuesday, March 15, 2011
Astute Medical Raises $13M
San Diego-based Astute Medical, a firm working on developing diagnostic test using protein biomarkers, said this week that it has raised $13M in a financing round. The round was a Series B extension. The funding came from Domain Associates,... READ MORE...
posted on Thursday, March 10, 2011
LA Startup Weekend Spawns Funding For Zaarly
Zaarly, a new startup looking to provide a way to connect buyers and sellers of items via a real-time exchange, has spawned out of LA Startup Weekend, the startup launch event held at Santa Monica coworking space Coloft last month. The firm... READ MORE...
posted on Wednesday, March 9, 2011
Alta Devices, With Links to Caltech, Gains $72M
A new startup with links to Caltech has just raised $72M in funding. According to Santa Clara-based Alta Devices, it is developing technology to improve the production economics of high efficiency solar photovoltaics (PV). The firm scored t... READ MORE...
posted on Wednesday, March 9, 2011
Fourth Wall Studios Gets $15M
Culver City-based Fourth Wall Studios, a firm developing massively multiplayer online games in the virtual reality area, has raised $15M in funding, the firm said Tuesday. The funding comes from LA biotech billionaire Patrick Soon-Shiong. T... READ MORE...
posted on Wednesday, March 9, 2011
Kite Pharma Raises $15M
Los Angeles-based Kite Pharma, a biopharmaceuticals firm developing treatments for cancer, said this morning that it has raised $15M in an initial round of funding. The funding was led by TPG Capital. As part of the funding, David Bonderman... READ MORE...
posted on Wednesday, March 9, 2011
Grid2Home Lands $2.6M
San Diego-based smart grid startup Grid2Home has pulled in another $2.6M in funding, according to a regulatory filing by the firm Tuesday. The filing indicates the fundraising effort is part of an ongoing, $3.1M round. Details on the fundin... READ MORE...
posted on Tuesday, March 8, 2011
Sapphire Energy Scores Backing From Monsanto
San Diego-based Sapphire Energy, a developer of algae-based biofuels technology, has scored an investment and deal with agricultural chemicals firm Monsanto, the two said this morning. Financial details of the investment were not disclosed.... READ MORE...
posted on Tuesday, March 8, 2011
Anabios Gets Angel Backing
Bonita, California-based Anabios, a stealth mode firm working on drug testing services for pain drugs, has scored an angel investment round from the Tech Coast Angels. The funding came from the TCA's new ACE Fund, the angel group's more for... READ MORE...
posted on Tuesday, March 8, 2011
FastCall411 Gets Funding
Hollywood-based FastCall411, the developer of pay-per-call technology headed by Richard Rosen, has scored funding from Dave McClure's 500 Startups fund. FastCall411 was one of seven recipients of funding from the Twilio Startup Fund, a fund... READ MORE...
posted on Monday, March 7, 2011
Border Stylo Lands $3.5M
Los Angeles-based Border Stylo, the developer of Write On Glass, software which allows you to share comments on any web page, chat with friends, and others all through Firefox and Chrome browsers, has scored $3.5M in a funding round, accord... READ MORE...
posted on Friday, March 4, 2011
Palomar Ventures Boosts MyBuys
Santa Monica-based venture capital firm Palomar Ventures has re-upped its investment in Redwood City-based MyBuys, a provider of marketing personalization and recommendations software. According to MyBuys, it has raised $20M in a third roun... READ MORE...
posted on Friday, March 4, 2011
CapLinked Adds Recommendations, Expands Profiles
Manhattan Beach-based CapLinked, which operates an online platform for helping companies to manage investors and is headed by Eric M. Jackson, said this week that it has rolled out several new features for the site. CapLinked said that it n... READ MORE...
posted on Thursday, March 3, 2011
Pharmaron Finds $40M
Irvine-based Pharmaron, a provider of R&D services to the pharmaceutical and biotech industry, said last week that it has raised $40M in a Series C funding round. The round came from DCM, Legend Capital, GL Capital Group, and others. The fi... READ MORE...
posted on Thursday, March 3, 2011
Energy Cache Eyes Smart Grid, With Backing Of Idealab
Los Angeles-based Energy Cache, a new startup backed by Idealab, is eyeing the energy storage and smart grid market with its technology. The firm, which is headed by Aaron Fyke, recently scored one of the top prizes at the recent Tech Coast... READ MORE...
posted on Wednesday, March 2, 2011
AquaHydrate Slurps Up $10M
Colton, California-based AquaHydrate, a bottled water brand focused on fortified, purified water, reported Tuesday that it has received $10M in a funding round. The round came from The Yucaipa Companies. According to AquaHydrate, the fundin... READ MORE...
posted on Wednesday, March 2, 2011
Malauzai Lands $1.3M For Mobile Banking
Calabasas-based Malauzai, a new startup focused on mobile banking applications, has raised $1.3M in a funding round, according to a regulatory filing by the firm today. No details on the funding have been announced. The firm's board include... READ MORE...
posted on Tuesday, March 1, 2011
Genomatica Raises $45M
San Diego-based Genomatica, a developer of sustainable chemical technology, announced today that it has raised another $45M in funding. The firm said the funding was led by VantagePoint Venture Partners; Bright Capital, a Russian venture in... READ MORE...
posted on Tuesday, March 1, 2011
Confident Technologies Gets $3.9M
San Diego-based Confident Technologies, the developer of CAPTCHA security software headed by Curtis Staker, the former President of WebSense, has raised $3.9M in a funding round, according to a regulatory filing by the firm today. The filin... READ MORE...
posted on Tuesday, March 1, 2011
JMI Equity Invests In PointClickCare
San Diego- and Baltimore-based private equity firm JMI Equity has invested in PointClickCare, a developer of electronic health records software for the long-term care industry. Financial terms of the deal were not disclosed. PointClickCare ... READ MORE...
posted on Monday, February 28, 2011
Tech Coast Angels Names Napoli Chairman
The Tech Coast Angels, the largest angel investment group in Southern California, officially announced that Mike Napoli has taken the position of Chairman at the firm today. Napoli has been a member since 2000, and replaces Richard Sudek. N... READ MORE...
posted on Monday, February 28, 2011
Mogreet Finds $2.8M More
Los Angeles-based Mogreet, the provider of mobile video marketing services, has raised $2.8M more in a new funding round, according to a regulatory filing by the firm this week. No details on the funding have been announced by the company, ... READ MORE...
posted on Friday, February 25, 2011
Insights and Opinions: How to Leverage Your Network for Raising Capital
For today's Insights and Opinions section, we have an article from Christopher Grey, the co-founder and CFO of CapLinked, which develops an online platform for managing fundraising for entrepreneurs. Christopher talks about leveraging your ... READ MORE...
posted on Friday, February 25, 2011
Catch Media Lands Investment From Motorola
Beverly Hills-based Catch Media, a provider of software used for digital rights management, has scored a strategic funding from Motorola Mobility Ventures, the strategic investment arm of Motorola, the firms said Thursday. Size of the fundi... READ MORE...
posted on Thursday, February 24, 2011
MediaTrust Gets $3M
Los Angeles-based MediaTrust, which develops an online advertising and marketing platform, announced Thursday that it has raised $3M in a new funding round. According to the firm, the round was led by Ropart Asset Management Funds. The fund... READ MORE...
posted on Thursday, February 24, 2011
LaughStub Takes On Comedy Ticket Sales, With Angel Backing
In a long tradition of local companies tying the business of ticketing for various events into the online world, a new startup, LaughStub has quietly been establishing its place providing tickets for comedy clubs locally and nationwide. The... READ MORE...
posted on Thursday, February 24, 2011
GOGII Raises $15M
Marina del Rey-based GOGII, the social messaging firm headed by former JAMDAT founders Scott Lahman, Austin Murray, and Zack Norman, announced this morning that it has raised an additional $15M in a third round of funding. The funding was l... READ MORE...
posted on Thursday, February 24, 2011
USC Stevens Institute Funds Seven Projects
In a bid to help research from the University of Southern California reach the market, the USC Stevens Institute for Innovation said Wednesday afternoon that it is awarding $439,000 in gap funding to seven projects from USC, which have a hi... READ MORE...
posted on Wednesday, February 23, 2011
Transphorm Gets $20M For Energy Technology
Goleta-based Transphorm, a developer of energy efficiency and power conversion technology, emerged from stealth today, saying it has just closed a $20M, Series C funding led by Google Ventures. The firm, which is headed by Umesh Mishra, sai... READ MORE...
posted on Wednesday, February 23, 2011
Clearstone Backs CupidsPlay.com
Santa Monica-based venture capital firm Clearstone Ventures has backed a developer of an online social dating and games firm, CupidsPlay. Financial details of the investment were not disclosed. CupidsPlay said it received seed funding from ... READ MORE...
posted on Wednesday, February 23, 2011
CoolPlanetBiofuels Ups Latest Funding To $17.7M
Camarillo-based CoolPlanetBiofuels, the developer of biofuels technology run by Mike Cheiky, has upped the funding in it latest round to $17.7M, according to a regulatory filing by the firm. It appears the additional capital--around $10.0M-... READ MORE...
posted on Wednesday, February 23, 2011
Biomatrica Gets Investment From In-Q-Tel
San Diego-based Biomatrica, a developer of technology for storing biological samples at room temperature, announced this morning that it has scored an investment from In-Q-Tel, the investment arm of the U.S. intelligence community. Size of ... READ MORE...
posted on Wednesday, February 23, 2011
Dr. Sears Family Essentials Gains $5.6M
Irvine-based Dr. Sears Family Essentials, a maker of all-natural snacks, beverages and supplements, said Tuesday that it has raised $5.6M in a venture funding round. The round came from Intuitive Venture Partners, and will go towards growth... READ MORE...
posted on Tuesday, February 22, 2011
Fetch Technologies Raises $4.6M
El Segundo-based Fetch Technologies, a firm which develops software for aggregating data from web sites, said Tuesday that it has raised $4.6M in a Series B funding round. The firm said the funding was led by Robert Sansom, a founder of For... READ MORE...
posted on Tuesday, February 22, 2011
Insights and Opinions: Valuations like it's 1999?
For today's Insights and Opinions section, Megan Jones, an investment banker, talks about the surge in technology company valuations, and whether there is, or isn't, a bubble forming: Zynga is reported to be raising $500 million at a $... READ MORE...
posted on Tuesday, February 22, 2011
2tor Lands $750K
New York-based 2tor, a startup which helps universities develop online degree programs, has just raised $750,000 in additional funding, according to a regulatory filing by the firm Monday. The firm has previously raised funding from Highlan... READ MORE...
posted on Tuesday, February 22, 2011
mEgo Gets $915K More
Los Angeles-based mEgo, the online avatar creation site, has raised $915,116 out of an ongoing $2.5M funding round for the company, according to a regulatory filing by the firm. The filing indicates the round covers a Series A preferred sto... READ MORE...
posted on Tuesday, February 22, 2011
Fisker Automotive Raises $150M More
Irvine-based Fisker Automotive, the manufacturer and designer of electric vehicles, has raised another $150M, according to a regulatory filing from the firm last week. Details on the funding haven't been announced, but reports say that the ... READ MORE...
posted on Tuesday, February 22, 2011
Ashton Kutcher Backs SeatGeek
Actor Ashton Kutcher has backed a New York-based sports, concert, and theater tickets site, SeatGeek, the firm said today. Financial terms of the deal were not disclosed. The funding also included A Grade investments. SeatGeek helps users f... READ MORE...
posted on Tuesday, February 22, 2011
Interview with Fouad ElNaggar, Redpoint Ventures
Redpoint Ventures is one of the venture capital firms which has straddled both Northern California and Southern California, with offices in both locations. To hear about the firm's interest in Los Angeles, and Southern California investment... READ MORE...
posted on Tuesday, February 22, 2011
CapLinked Raises $525K From PayPal Mafia
Manhattan Beach-based CapLinked, the provider of an online service for managing equity fundraising and investor relationships, has scored a funding round from the "PayPal Mafia", the group of ex-PayPal founders, executives, and employees. C... READ MORE...
posted on Tuesday, February 22, 2011
Tech Coast Angels Highlights 2010 Deals
The Tech Coast Angels, [profile] the largest angel investment group in Southern California, outlined its 2010 deals today, saying that it funded a total of 31 deals in 2010, and had three profitable exits. The TCA said that 12 of those deal... READ MORE...
posted on Tuesday, February 22, 2011
Calcimedia Gets $6M
La Jolla-based CalciMedica, a developer of small molecule drugs for the treatment of inflammatory and autoimmune diseases, said Thursday that it has raised $6M in a tranche of financing, after initiating a Phase I clinical trial of a treatm... READ MORE...
posted on Friday, February 18, 2011
Business.com Acquired By Resource Nation, With JMI Backing
San Diego-based Resource Nation, an online business-to-business marketing provider, has acquired the brand name, domain, and assets of Business.com, the firm announced today. Financial terms of the buy were not disclosed, however, the firm ... READ MORE...
posted on Wednesday, February 16, 2011
ecoATM Raises $14.4M
San Diego-based ecoATM, a startup which develops automated kiosks for evaluating and buying back consumer electronics, announced today that it has raised $14.4M in funding in a combination of its Series A funding and venture debt. The fundi... READ MORE...
posted on Wednesday, February 16, 2011
Interview with Jed Simon, FastPay
Last week, Los Angeles-based FastPay (www.fastpaypartners.com) announced a round of funding and its services for providing advanced payment to online publishers, application developers, and game developers. We spoke with Jed Simon the firm'... READ MORE...
posted on Tuesday, February 15, 2011
Vokle Gets Funding
Santa Monica-based Vokle has scored an investment round from the Tech Coast Angels, the angel group formally announced Monday. Amount of the investment was not disclosed, however, a recent regulatory filing indicates that Vokle had recently... READ MORE...
posted on Tuesday, February 15, 2011
ProFounder Financial Scores $185K
Los Angeles-based startup ProFounder Financial, which is looking to harness the power of crowds to help fund startups and businesses, has raised $185,000 as part of a $1.0M debt funding round, according to a regulatory filing from the firm.... READ MORE...
posted on Monday, February 14, 2011
UberMedia Gets $17.5M From Accel Partners
In the third, separate piece of news from Pasadena-based UberMedia today, the firm said it has completed a financing round from Accel Partners this morning. The firm raised $17.5M in the new funding round. UberMedia, which is headed by Idea... READ MORE...
posted on Monday, February 14, 2011
TCA Gets First Close On Angel Fund
The Tech Coast Angels announced this morning that it has had a first close on its Angel Capital Entrepreneurial (ACE) Fund 1, the firm's new early-stage investment fund. The fund--which has been in the works since last year--is aimed at mak... READ MORE...
posted on Monday, February 14, 2011
Interview with Mike Napoli, Tech Coast Angels
Since the Tech Coast Angels (www.techcoastangels.com), the largest angel investment group in Southern California, is holding one of its several Fast Pitch competitions next week in Los Angeles (www.pitchtheangels.com), we thought it might ... READ MORE...
posted on Monday, February 14, 2011
Conatus Pharmaceuticals Raises $20M
San Diego-based Conatus Pharmaceuticals said Friday afternoon that it has closed a $20M, Series B funding round. The firm, which is developing treatments for Hepatitis C, said the funding was led by AgeChem Venture Fund, and also included A... READ MORE...
posted on Monday, February 14, 2011
Telogis Raises $2.8M
Aliso Viejo-based Telogis, a provider of location-based intelligence software and services for fleet routing, has raised $2.8M, according to a regulatory filing by the firm. No details of the funding have been announced. The funding round c... READ MORE...
posted on Monday, February 14, 2011
Caltech Taps Venture Capitalist As Trustee
Pasadena-based California Insitute of Technology said this week that it has tapped a venture capitalist for its Board of Trustees. According to Caltech, Narendra K. Gupta, cofounder and managing director of Nexus Venture Partners and an alu... READ MORE...
posted on Friday, February 11, 2011
Caltech Taps Venture Capitalist As Trustee
Pasadena-based California Insitute of Technology said this week that it has tapped a venture capitalist for its Board of Trustees. According to Caltech, Narendra K. Gupta, cofounder and managing director of Nexus Venture Partners and an alu... READ MORE...
posted on Friday, February 11, 2011
Magento's Major Investor: eBay
The secret investor in Los Angeles-based Magento, the developer of e-commerce website software run by Roy Rubin is online auction giant eBay, according to reports. Magento, which according to a regulatory filing raised $22.5M in March of la... READ MORE...
posted on Friday, February 11, 2011
Palomar Ventures Backs Damballa
Santa Monica-based venture capital firm Palomar Ventures has re-upped its investment in a security software firm Damballa, which is based in Atlanta, as part of a new $12M funding round for that company. Palomar's Jim Gauer sites on the boa... READ MORE...
posted on Friday, February 11, 2011
LA Startups Gather At Twiistup
Los Angeles area startups and would-be entrepreneurs were gathered Thursday as a part of the annual Twiistup technology conference, being held at the Skirball Center. The startup event--which continues until tonight--included keynotes by Da... READ MORE...
posted on Thursday, February 10, 2011
Foodme Gets Funding From Idealab
Pasadena-based Foodme, a new startup looking to connect restaurants with diners, has scored new funding from Idealab's New Venture Group. Size of the funding round was not disclosed. According to Foodme founder John Delacruz, the firm is he... READ MORE...
posted on Thursday, February 10, 2011
FastPay Finds Funding
Los Angeles-based FastPay, a provider of payment products for digital publishers, application developers, and game developers, said today that it has raised a funding round. Amount of the funding was not disclosed. Source of the new funding... READ MORE...
posted on Thursday, February 10, 2011
LAVA Honors Richard Riordan, Local Technology Firms
The Los Angeles Venture Association (LAVA) held its annual awards event last night, honoring former Los Angeles Mayor Richard Riordan, as well as local, venture backed companies in a banquet last night at the Luxe hotel in Los Angeles. LAVA... READ MORE...
posted on Thursday, February 10, 2011
LAVA Honors Richard Riordan, Local Technology Firms
The Los Angeles Venture Association (LAVA) held its annual awards event last night, honoring former Los Angeles Mayor Richard Riordan, as well as local, venture backed companies in a banquet last night at the Luxe hotel in Los Angeles. LAVA... READ MORE...
posted on Thursday, February 10, 2011
SolarFlare Raises $5.0M
Irvine-based SolarFlare, the developer of 10 Gigabit Ethernet (10GbE) semiconductors and adapters, has raised $5.0M in a combination of debt and warrants, according to a regulatory filing by the firm Wednesday. Details on the new funding ha... READ MORE...
posted on Wednesday, February 9, 2011
Algebraix Data Ups Funding To $7.5M
San Diego-based Algebraix Data, a developer of analytics focused database software, has upped its most recent funding to $7.5M, according to a regulatory filing from the firm this week. No details on the new funding have been announced by t... READ MORE...
posted on Wednesday, February 9, 2011
Docufide Raises $4.5M, Taps Blackboard Founder As CEO
Los Angeles-based Docufide, which develops educational software and services used to transfer high school transcripts to colleges, said today that it has raised $4.5M in a funding round, and also appointed Blackboard founder Matthew Pittins... READ MORE...
posted on Wednesday, February 9, 2011
SharesPost Raising $3.3M
SharesPost, the online marketplace for private company stock founded by Greg Brogger, has raised $3.3M in a funding round, but appears to also have moved its headquarters to Northern California. In a regulatory filing Wednesday, the company... READ MORE...
posted on Tuesday, February 8, 2011
Parchment Finds $4.5M
Los Angeles-based Parchment Inc., a stealth mode firm in the educational area, has raised $4.5M in a funding round, according to a regulatory filing from the firm. Parchment is headed by Matthew Pittinsky, who was a co-founder of educationa... READ MORE...
posted on Monday, February 7, 2011
Row 44 Competitor Gets Funding Injection
A major competitor to Westlake Village-based Row 44, which develops Wi-Fi equipment for the commercial aviation market, has scored a big funding round this morning. Illinois-based Aircell, which provides a competing, in-flight Internet acce... READ MORE...
posted on Monday, February 7, 2011
GRP's Suster Ranks Number Two On Most Respected VC List
Mark Suster of GRP Partners has ranked number two on a list of "Most Respected Venture Capitalists". The rankings came out Thursday from Seeking Omega, which said it used technology from Lithium, review of entrepreneurs on TheFunded, and in... READ MORE...
posted on Friday, February 4, 2011
GraphEffect Gets $2M For Facebook Marketing
Santa Monica-based Focused Labs, which provides social media marketing services, said Thursday that it has renamed itself GraphEffect, and raised $2M in funding. The round came from CrossCut Ventures, Rincon Venture Partners, Founder Collec... READ MORE...
posted on Friday, February 4, 2011
Glaukos Raises $29.5M
Laguna Hills-based Glaukos, which is developing a medical device for the treatment of glaucoma, has raised $29.5M in a Series E round, the firm confirmed Thursday. According to Richard Harrison, the firm's CFO, the funding was led by Merite... READ MORE...
posted on Thursday, February 3, 2011
United Talent Agency Backs MediaMorph
New York-based MediaMorph, a developer of technology used to track media rights for film, television, games and other publishers, said today that it has inked a strategic deal with Beverly Hills-based United Talent Agency, and also scored $... READ MORE...
posted on Tuesday, February 1, 2011
VertiFlex Raises $14M For Spinal Implants
San Clemente-based VertiFlex, a developer of medical devices for the treatment of spine disorders, said this afternoon that it has raised $14M in a equity placement. The funding came from Aberdare Ventures, Alta Partners, New Enterprise Ass... READ MORE...
posted on Tuesday, February 1, 2011
Film Fresh Finds $2M In Funding
Los Angeles-based Film Fresh, which operates an online, film download, rental, and purchase service, said this week that it has raised $2M in an equity investment. The firm said the funding came from an unidentified private investment group... READ MORE...
posted on Tuesday, February 1, 2011
AudioMicro Scores Funding From Stock Photo Site Fotolia
Los Angeles-based AudioMicro, the provider of royalty free music and sound effects run by Ryan Born, has scored a round of financing from micro stock photo site Fotolia. The $750,000 funding round also included prior investor DFJ Frontier. ... READ MORE...
posted on Tuesday, February 1, 2011
Cognition Raises $200K
Culver City-based Cognition Technologies, the developer of natural language processing technology software, has raised $200,000, as part of an ongoing $500,000 funding round, according to a recent regulatory filing by the firm. No details o... READ MORE...
posted on Monday, January 31, 2011
MK Capital Funds ReachForce
Los Angeles- and Chicago-based venture capital firm MK Capital is the lead investor in Texas-based ReachForce, a provider of data quality software for marketers. According to ReachForce, MK Capital led a $4.6M investment round in the compan... READ MORE...
posted on Monday, January 31, 2011
BAROnova Gets $5.2M
Goleta-based BAROnova, a developer of medical devices to treat obesity, has raised another $5.2M in funding, according to numbers released earlier this month in the PricewaterhouseCoopers/NVCA MoneyTree report. The funding has not yet been ... READ MORE...
posted on Monday, January 31, 2011
Obama Proposes Tax Relief, Credits To Spur Startups
President Obama is proposing to permanently eliminate capital gains taxes on key investments in small businesses, as part of the administration's "Startup America" initiative, announced this morning. According to the White House, the Presid... READ MORE...
posted on Monday, January 31, 2011
Qualcomm Names QPrize Finalists
San Diego-based Qualcomm has named the finalists in its second annual QPrize Venture Investment Competition, the firm's global venture capital competition for investment dollars. According to Qualcomm, it has selected six regional finalists... READ MORE...
posted on Monday, January 31, 2011
Report Says Venture Capitalist Optimism On The Rise
Venture capital investor optimism rose slight in Q4, according to a report released this morning from the University of San Francisco. The report, which gauges the optimism of venture investors in Silicon Valley, saying that there was a sli... READ MORE...
posted on Friday, January 28, 2011
Anthem Ventures Gets Second Exit In A Week
Santa Monica-based Anthem Venture Partners has scored two exits in the last week, as Los Angeles-based Demand Media hit a homerun with its IPO Wednesday, and San Diego-based Plixi was acquired by Lockerz Thursday. Brian Mesic, a partner at ... READ MORE...
posted on Thursday, January 27, 2011
CoolPlanetBioFuels Gets Funding From GE Capital, NRG Energy, ConocoPhillips
Camarillo-based CoolPlanetBiofuels, a developer of non-food biofuel technology, is one of the first investments from a new venture capital fund launched Thursday by GE Capital, NRG Energy, and ConocoPhillips. According to GE, NRG, and Conoc... READ MORE...
posted on Thursday, January 27, 2011
Betterworks Raises $1.5M
Santa Monica-based BetterWorks, a stealth mode startup headed by well known angel investor Paige Craig, has raised around $1.5M in a funding round. The funding actually occurred in late December, over the holidays. BetterWorks said that it ... READ MORE...
posted on Thursday, January 27, 2011
Vicente Capital Backs Campus Explorer
Los Angeles-based growth equity investor Vicente Capital Partners officially announced today that it has led a SEries C investment in Santa Monica-based Campus Explorer, the fifth investment from its Growth Equity Fund. Klaus Koch, Managin... READ MORE...
posted on Wednesday, January 26, 2011
CapLinked Adds Startup Funding Docs
Manhattan Beach-based CapLinked, the developer of a software-as-a-service tool for managing venture capital and angel fundraising efforts for companies, said today that it has launched a free library of document templates covering the start... READ MORE...
posted on Wednesday, January 26, 2011
AppleTree Gets $300K For Family Tree Site
Manhattan Beach-based AppleTree, which operates an online site for creating and sharing family trees, has raised $300,000 in funding. According to a regulatory filing, the funding came in late December. No details on the funding have been a... READ MORE...
posted on Tuesday, January 25, 2011
Genomatica Raises $21.25M
San Diego-based Genomatica, a firm developing sustainable chemical products using renewable feedstocks, has raised $21.25M in additional funding, according to numbers released in the recent PricewaterhouseCoopers/NVCA MoneyTree report. No d... READ MORE...
posted on Tuesday, January 25, 2011
GeekChicDaily Gets New Funding
Los Angeles-based GeekChicDaily, a newsletter publisher focused on pop culture, said today that it has scored a strategic investment round. The round came from Revolution Studios' Joe Roth, Seattle investor Mike Slade, as well as Gamespy fo... READ MORE...
posted on Tuesday, January 25, 2011
Playcast Raises $10M For Video Game Streaming
Los Angeles-based Playcast Media Systems said this morning that it has raised $10M in a new, Series B funding round, for the firm's cloud based video game streaming service. Playcast said the new round was led by MK Capital, and also includ... READ MORE...
posted on Tuesday, January 25, 2011
EmiSense Gets $3M
Irvine-based EmiSense Technologies said today that the firm has raised a second round of funding, worth $3M. The firm, which develops oxygen sensors, electrostatic particular matter senosrs, and nitrogen oxide sensors, said the funding was ... READ MORE...
posted on Tuesday, January 25, 2011
FREEjit Gets $5.5M
Stealthy Internet startup FREEjit has raised $5.5M in funding, according to numbers released in the latest PricewaterhouseCoopers/NVCA MoneyTree report. Freejit is based in Newport Beach. Details on the funding have not been announced, howe... READ MORE...
posted on Monday, January 24, 2011
Zadspace Raises $4.2M
El Segundo-based Zadspace, a provider of technology which prints advertising on mailing labels and packaging, has raised $4.2M in a funding round, according to details released via last week's PricewaterhouseCoopers and NVCA MoneyTree repor... READ MORE...
posted on Monday, January 24, 2011
United Online's Helfand Departs, Joins Auditude
Jeremy Helfand, the President of United Online's Media Group, has departed the Woodland Hills-based firm and ended up at a Palo Alto startup. According to Palo Alto-based Auditude this morning, Helfand has joined the company as CEO. Auditud... READ MORE...
posted on Monday, January 24, 2011
GRP's Suster Ranks Among Top In VC Bloggers List
Mark Suster, a venture capitalist at GRP Partners, has made the top 10 in an annual ranking of venture capitalist bloggers, the only Southern California venture capitalist to make the listing. According to the list, put together by Larry Ch... READ MORE...
posted on Friday, January 21, 2011
SoCal Venture Capital Investments Total $497.8M In Q4
Southern California venture capital investments total $497.8M, according to the latest numbers from the MoneyTree Report by PricewaterhouseCoopers LLP and the National Venture Capital Association, which were released this evening, based on ... READ MORE...
posted on Thursday, January 20, 2011
Insights and Opinions: A VC's Comments On Investing and Startups in LA
Earlier this week in our Insights and Opinions section, we had a post from Ryan Born, on 3 Things to Avoid When Fundraising in LA. That post ignited a firestorm of criticism and controversy among the technology community, both publicly and ... READ MORE...
posted on Thursday, January 20, 2011
TCA Funds Cognition Therapeutics
The Tech Coast Angels, the largest angel investment group in Southern California, is part of a syndicate funding Pittsburgh-based Cognition Therapeutics, a drug discovery firm focused on Alzheimer's. According to Cognition, it raised $2.5M ... READ MORE...
posted on Thursday, January 20, 2011
Qualcomm Boosts ChaCha
San Diego-based Qualcomm has made an investment in Indianapolis question and answer site ChaCha, ChaCha said Wednesday afternoon. According to ChaCha, it raised $3M in total funding, including $900,000 in outstanding warrants from Qualcomm ... READ MORE...
posted on Wednesday, January 19, 2011
Insights and Opinions: Response to 3 Things to Avoid When Fundraising in LA
For our Insights and Opinions section today, we have a response to yesterday's (very controversial) piece in this section from Ryan Born, expressing his opinion about his experiences raising money in Los Angeles. The response is from Tom ... READ MORE...
posted on Wednesday, January 19, 2011
Pose Finds $1.6M
Santa Monica-based Pose, a developer of mobile, social shopping applications, said last week that it has raised $1.6M in a funding round. Pose is headed by Dustin Rosen, formerly an associate at Los Angeles-based venture capital firm The Ma... READ MORE...
posted on Wednesday, January 19, 2011
Cheezburger Deal Spawned Out Of LA's TwiistUp
The $30M funding deal for Seattle's Cheezburger, the web publisher best known for its LOLcats-themed I Can Has Cheezburger? and FAIL Blog web sites, apparently was spawned out of an introduction at last year's Twiistup technology conference... READ MORE...
posted on Tuesday, January 18, 2011
Insights and Opinions: 3 Things to Avoid When Fundraising in LA
For today's Insights and Opinions article, we have an article from Ryan Born, CEO of AudioMicro, on his experience fundraising in Los Angeles. In an article that is sure to spur many comments and a few flames, Ryan gives his opinion on the ... READ MORE...
posted on Tuesday, January 18, 2011
Julie Schoenfeld On Perfect Market's New Funding
This morning, Pasadena-based Perfect Market (www.perfectmarket.com) announced a new, $9M round of funding for the firm's technology, which is used to help publishers monetize their content. We caught up with Julie Schoenfeld, the firm's CEO... READ MORE...
posted on Tuesday, January 18, 2011
Perfect Market Raises $9 Million More
Pasadena-based Perfect Market, which provides tools for publishers to better create value from their content, is announcing today that it has raised $9M in a new funding round. The round was led by Comcast Interactive Capital, and also incl... READ MORE...
posted on Tuesday, January 18, 2011
Steamboat Ventures Sells Scrapblog
Scrapblog, an online scrapbooking service backed by Burbank-based Steamboat Ventures, has been sold to personal photo publishing firm Mixbook. Financial terms of the sale were not disclosed. Scrapblog as venture backed by Steamboat Ventures... READ MORE...
posted on Tuesday, January 18, 2011
Avalon Funds Internet Comedy Site Cheezburger
San Diego-based venture capital firm Avalon Ventures has boosted an Internet web site publisher known for its humorous, captioned pictures of cats and use of Internet memes, Cheezburger. According to Cheezburger, Avalon was one of a number ... READ MORE...
posted on Monday, January 17, 2011
ShareSquare Raises $150K
Los Angeles-based ShareSquare, a new startup focused on the QR Code creation area, has launched its services this week, focusing on helping musicians and entertainers create QR codes. QR codes are three dimensional barcodes which can be rec... READ MORE...
posted on Friday, January 14, 2011
Verengo Solar Plus Gets $9.7M
Orange-based Verengo Solar Plus, an installer of residential solar power systems, said Thursday that it has raised $9.7M in a funding round. The round came from Angeleno Group. Verengo installs both photovoltaic and solar hot water systems.... READ MORE...
posted on Friday, January 14, 2011
SoCalGas Funds Fuel Cell Manufacturer
Los Angeles-based gas utility Southern California Gas Co. said Thursday that it has made an investment of $1M, in Oregon-based ClearEdge Power, a manufacturer of fuel cells. Southern California Gas Co. said the investment is a "strategic ad... READ MORE...
posted on Friday, January 14, 2011
Vokle Scores $542K
Santa Monica-based Vokle, a provider of interactive broadcasting services, has raised $542,000 in debt as part of an ongoing, $1.0M funding round, according to regulatory filings from the firm. Details on the funding have not been disclosed... READ MORE...
posted on Wednesday, January 12, 2011
Insights and Opinions: The Problem with the Super Angels
For today's Insights and Opinions section today, we have a post from Jim Armstrong, Managing Director at Clearstone Venture Partners, who talks about some of the issues behind the super angel trend. There is a lot of talk these days ab... READ MORE...
posted on Wednesday, January 12, 2011
Steamboat Supports Baynote In Latest Round
Burbank-based Steamboat Ventures, the venture capital arm of the Walt Disney Company, has re-upped its investment in San Jose-based Baynote, a developer of personalization and marketing software for the enterprise market. Baynote said that ... READ MORE...
posted on Wednesday, January 12, 2011
Corent Boosts Funding For SaaS Tools
Aliso Viejo-based Corent, which develops software tools to more easily port traditional software to the software-as-a-service model, has raised $3.2M in a funding round. Corent CEO Feyzi Fatehi confirmed the round, saying that the firm is s... READ MORE...
posted on Wednesday, January 12, 2011
Ondax Closes Round At $2.2M
Monrovia-based Ondax, a manufacturer of volume holographic grating filters and lasers, said Tuesday that it has officially closed its $2.2M, Series E funding round. The round was led by Prospector Equity Capital and Arcturus Capital, and al... READ MORE...
posted on Wednesday, January 12, 2011
JMI Equity Boosts Adknowledge In $200M Deal
San Diego-based private equity firm JMI Equity has backed Internet advertising firm Adknowledge, as lead on a $200M debt and equity financing round for that firm. Adknowledge, which is based in Kansas City, MO, said today that it raised $20... READ MORE...
posted on Wednesday, January 12, 2011
Synthetic Genomics Brings Funding Up To $35.0M
La Jolla-based Synthetic Genomics, a developer of genomics technology for the biofuels industry, has now raised $35M of its ongoing $50M funding round, according to a recent regulatory filing from the company. Synthetic Genomics is backed b... READ MORE...
posted on Monday, January 10, 2011
Synthetic Genomics Brings Funding Up To $35.0M
La Jolla-based Synthetic Genomics, a developer of genomics technology for the biofuels industry, has now raised $35M of its ongoing $50M funding round, according to a recent regulatory filing from the company. Synthetic Genomics is backed b... READ MORE...
posted on Monday, January 10, 2011
Avalon Ventures Closes $200M Fund
San Diego-based Avalon Ventures, a venture capital firm focused on early stage high tech, digital media, and life sciences firms, said today that it has closed on $200M in capital commitments for its latest fund. Avalon said that the fund, ... READ MORE...
posted on Monday, January 10, 2011
Paige Craig Backs Klout In New Round
Los Angeles angel investor Paige Craig is part of a new round of funding for Internet web influence tracker Klout. Klout said today that it had raised $8.5M in a funding round, led by Kleiner Perkins' sFund, which also included Greycroft Pa... READ MORE...
posted on Monday, January 10, 2011
Dave Ryan of Mission Ventures On Exits
Last month, San Diego-based venture capital firm Mission Ventures (www.missionventures.com) sold its portfolio firm, Carlsbad-based 3E, just the latest in a string of exits for the firm, which also included an IPO in Maxlinear earlier in th... READ MORE...
posted on Monday, January 10, 2011
Freebinar Looks To Fill Webcasting Hole Left By DimDim
Huntington Beach-based Freebinar, a provider of free, web conferencing services, is looking to fill the new hole left by free web conferencing service Dimdim, with its own ad-supported service. Freebinar told socalTECH today that it is look... READ MORE...
posted on Friday, January 7, 2011
ADVENTRX Pharmaceuticals Raises $22.5M, Plans Acquisition
San Diego-based ADVENTRX Pharmaceuticals said this morning that it has raised $22.5M in funding, via a registered direct offering to RA Capital Management and other investors. According to the publicly traded firm, the new funding will go t... READ MORE...
posted on Friday, January 7, 2011
Triptrotting Scores Funding
Altadena-based Triptrotting, an online community that helps world travelers find hosts, has scored a Series A round of funding, according to sources close to the firm. The funding came from Idealab's New Ventures Group. Details on the fundi... READ MORE...
posted on Thursday, January 6, 2011
CODA Holdings Raises $76M
Santa Monica-based CODA Holdings, the developer of electric vehicles and related battery systems, said today that it has raised $76M in an initial close of a Series D investment round. The new funding was led by Harbinger Capital Partners a... READ MORE...
posted on Thursday, January 6, 2011
Access 360 Media Raises $12M More
Access 360 Media, a New York-based digital advertising firm with operations in Los Angeles, said Wednesday that it has raised $12M more in a Series C funding round. The round was led by Columbia Capital, and also included prior investor Mis... READ MORE...
posted on Wednesday, January 5, 2011
LiveTime Software Gets Debt Funding
Newport Beach-based LiveTime Software, a provider of Web 2.0 service desk software, has raised a round of debt funding, according to funding provider Agility Capital. Financial details of the debt funding were not disclosed. According to Ag... READ MORE...
posted on Tuesday, January 4, 2011
SAIL Venture Partners Expands Team
Irvine-based SAIL Venture Partners, the clean technology venture capital firm headed by Walter Schindler, said today that it has added two members of its team. SAIL said it has added Christopher Brown as a Senior Associate in the firm's Ora... READ MORE...
posted on Tuesday, January 4, 2011
FitOrbit Raises $3.2M
Los Angeles-based FitOrbit, the online site which helps users connect with personal trainers and gain fitness and weight loss advice, has raised $3.2M, according to a regulatory filing from the firm. The company is run by Nick Desai and was... READ MORE...
posted on Tuesday, January 4, 2011
Insights and Opinions: The Ten Commandments of Fundraising
For today's Insights and Opinions section, where we share the thoughts of the local technology industry, we have a piece from Gray DeFevere, of the DeFevere Advisory Group. DeFevere is active in serving the local technology community, is an... READ MORE...
posted on Monday, January 3, 2011
What Mattered in 2010: Jim Andelman, Rincon Ventures
All this week, we are sharing the opinions of some of the top influencers in Southern California's high tech community. We asked the same five questions of a variety of top technology entrepreneurs, investors, and others, to hear what they'... READ MORE...
posted on Thursday, December 30, 2010
What Mattered in 2010: Greg Martin, Archer Venture Capital
All this week, we are sharing the opinions of some of the top influencers in Southern California's high tech community. We asked the same five questions of a variety of top technology entrepreneurs, investors, and others, to hear what they'... READ MORE...
posted on Thursday, December 30, 2010
What Mattered in 2010: John Babcock, Rustic Canyon Partners
All this week, we are sharing the opinions of some of the top influencers in Southern California's high tech communityk. We asked the same five questions of a variety of top technology entrepreneurs, investors, and others, to hear what they... READ MORE...
posted on Wednesday, December 29, 2010
BeachMint Gets $10M
Santa Monica-based BeachMint said Monday that it has raised $10M in a funding round for its social commerce site. The firm, started by MySpace co-founder Josh Berman and Diego Berdakin, runs jewelry site JewelMint along with Kate Bosworth a... READ MORE...
posted on Tuesday, December 28, 2010
What Mattered in 2010: Bruce Hallett, Miramar Venture Partners
All this week, we are sharing the opinions of some of the top influencers in Southern California's high tech community. We asked the same five questions of a variety of top technology entrepreneurs, investors, and others, to hear what they'... READ MORE...
posted on Monday, December 27, 2010
Zumbox Takes $9.7M
Westlake Village-based Zumbox, which is developing an electronic bill payment service, has raised an additional $9.7M in funding, according to a regulatory filing by the firm. Source of the new funding was not disclosed. The firm previously... READ MORE...
posted on Monday, December 27, 2010
EcoMom Ups Funding To $2.0M
Los Angeles-based EcoMom, the online e-commerce site selling green products for mothers headed by Jody Sherman, has upped its Series A funding to $2.0M in funding, according to reports. The additional funding reportedly came from Facebook e... READ MORE...
posted on Monday, December 27, 2010
EMN8 Scores $12.2M More
San Diego-based EMN8, a developer of fast food ordering kiosks for restaurants, has raised $12.2M out of an ongoing, $18.186M funding round, according to a regulatory filing from the firm last week. Source of the new funding was not disclos... READ MORE...
posted on Monday, December 27, 2010
What Mattered in 2010: Jim Armstrong, Clearstone Ventures
We've been sharing the opinions of some of the top influencers in Southern California's high tech community all week, and will also do so next week. We asked the same five questions of a variety of top technology entrepreneurs, investors, a... READ MORE...
posted on Thursday, December 23, 2010
MK Capital Scores With Aprimo Buy
Los Angeles- and Chicago-based MK Capital, a venture capital investment firm with $250M under management, has scored with the acquisition today of Indianapolis-based Aprimo by Teradata. Teradata said it would pay approximately $525M for Apr... READ MORE...
posted on Wednesday, December 22, 2010
What Mattered In 2010: Mark Suster, GRP Partners
For the next couple of weeks, we are sharing the opinions of some of the top influencers in Southern California's high tech community. We asked the same five questions of a variety of top technology entrepreneurs, investors, and others, to ... READ MORE...
posted on Wednesday, December 22, 2010
Materia Spinoff Elevance Gets $100M
Bolingbrook, Illinois-based Elevance Renewable Sciences, a developer of ingredients for use in personal care products, detergents, lubricants and other specialty chemicals and fuel markets, based on renewable feedstock, has raised $100M in ... READ MORE...
posted on Tuesday, December 21, 2010
MeLLmo Raises $10M More
San Diego-based MeLLmo, maker of the Roambi mobile business application for the iPhone, said this morning that it has raised an additional $10M in funding. Names of the investors were not disclosed. The firm said the new round of funding br... READ MORE...
posted on Tuesday, December 21, 2010
Capricor Gets $2M
Los Angels-based Capricor, a firm developing stem cell technology to regenerate damaged heart tissue, announced Friday that it has raised $2M in a funding round. The round came from Broadview Ventures and individual investors. According to ... READ MORE...
posted on Monday, December 20, 2010
Miso Media Gets $600K
Los Angeles-based Miso Media, a developer of music education software, said Friday that it has raised a $600,000 round of seed financing. The round came from Google Ventures, Keith Rabois, Laura Ziskin, and other un-named seed investors. Mi... READ MORE...
posted on Monday, December 20, 2010
What Mattered In 2010: David Cremin, DFJ Frontier
Last week, we announced our end-of-the-year project, which was to collect and share the opinions of some of the top influencers in Southern California's high tech community. We asked the same five questions of a variety of top technology en... READ MORE...
posted on Monday, December 20, 2010
Arrowhead Launches New Subsidiary
Pasadena-based Arrowhead Research said this morning that it has launched a new subsidiary, Ablaris Therapeutics, focused on commercializing anti-obesity technology developed at the MD Anderson Cancer Center. The firm said the Ablaris has ra... READ MORE...
posted on Monday, December 20, 2010
Kurion Sets Up Shop In Irvine
Kurion, a developer of nuclear waste management technology, said Thursday afternoon that it has set up a headquarters and engineering office in Irvine. The firm, which is a spinout of the Oak Ridge National Laboratory, is venture backed by ... READ MORE...
posted on Friday, December 17, 2010
ScoreBig Finds $8.5M
Los Angeles-based ScoreBig, an online, members-only service which provides discounts on sports, concert, and theater events, said Thursday that it has raised new funding for the firm. According to the company, the new round brings its total... READ MORE...
posted on Thursday, December 16, 2010
Specialists On Call Finds $11.73M
Westlake Village-based Specialists On Call, a firm developing a service to provide physician specialists to urban, suburban, and other hospitals via videoconferencing, has raised around $11.73M in a series of fundings, according to regulato... READ MORE...
posted on Thursday, December 16, 2010
CampusExplorer Gets $5M
Santa Monica-based Campus Explorer, which provides an online resource on universities, colleges, student loans, housing, and more to students, has raised $5M in a Series C funding round, according to a source near the firm. The funding came... READ MORE...
posted on Thursday, December 16, 2010
TCA's Ralph Mayer Joins Angel Capital Association Board
Ralph Mayer, most recently the chairman of angel group the Tech Coast Angels, has just been appointed to the Angel Capital Association's board of directors, the group said Thursday. Mayer heads up the TCA's San Diego network, and also sits ... READ MORE...
posted on Thursday, December 16, 2010
Ondax Raises $2M More
Monrovia-based Ondax, a developer of optical filters and laser sources based on research out of the California Institute of Technology, has raised $2M in a Series E investment. According to the Pasadena Angels, one of the investors in the f... READ MORE...
posted on Thursday, December 16, 2010
TekTrak Gets Seeded
Los Angeles-based TekTrak, a developer of an iPhone application to help users locate lost a lost iPhone, said Tuesday that it has received a round of seed funding. Amount of the funding was not announced. The firm said investors in the roun... READ MORE...
posted on Tuesday, December 14, 2010
CapLinked Jumps On Private Ticker Symbols
Manhattan Beach-based CapLinked, the develop of software as a service tools for managing venture and angel fundraising run by Eric M. Jackson, reported Tuesday that it has started allowing companies to register unique "ticker symbols" on it... READ MORE...
posted on Tuesday, December 14, 2010
Snowball Factory Gets $500K
Beverly Hills-based Snowball Factory, the startup behind awe.sm, the url shortener and analytics service, tweetpo.st, which updates Facebook from Twitter, and other tools, has raised $500,000 more, according to a recent regulatory filing by... READ MORE...
posted on Tuesday, December 14, 2010
Endologix Completes Nellix Buy
Irvine-based Endologix said today that it has completed its acquisition of Nellix, a developer of a medical device for the treatment of Abdominal Aortic Anerysms (AAAs). The acquisition had been originally announced in october. Endologix wi... READ MORE...
posted on Tuesday, December 14, 2010
SPK Capital Funds Pharmacy Services Firm
Los Angeles-based SPK Capital, an investment firm, has funded San Francisco-based Pipeline Healthcare, Pipeline said last week. Pipeline said SPK Capital led a $2.5M, Series A funding round for the firm. Pipeline Healthcare is a provider of... READ MORE...
posted on Monday, December 13, 2010
Baroda Ups Funding In Fabulis
Los Angeles-based venture capital firm Baroda Ventures, the venture capital arm of GeoCities founder David Bohnett, has re-upped in an investment round in New York-based Fabulis, a gay social networking site. The funding came along with the... READ MORE...
posted on Monday, December 13, 2010
Baroda Ups Funding In Fabulis
Los Angeles-based venture capital firm Baroda Ventures, the venture capital arm of GeoCities founder David Bohnett, has re-upped in an investment round in New York-based Fabulis, a gay social networking site. The funding came along with the... READ MORE...
posted on Monday, December 13, 2010
Qualcomm Backs Crowdsourced Traffic Data Firm
San Diego-based Qualcomm, via its Qualcomm Ventures venture capital arm, has backed a provider of crowdsourced traffic data. According to Palo Alto-based Waze Wednesday, Qualcomm was a strategic investor in the firm's latest, $25M fundraisi... READ MORE...
posted on Thursday, December 9, 2010
Gil Elbaz On Factual's New Warchest
Last night, Santa Monica-based Factual (www.factual.com), the data provider and data tools firm, announced a big, $25M funding round from Andreessen Horowitz and Index Ventures. The firm is headed by Gil Elbaz, who is known for co-founding ... READ MORE...
posted on Thursday, December 9, 2010
Factual Pulls In $25M
Santa Monica-based Factual, the open dataset and API provider started by Gil Elbaz, announced this evening that it has raised $25M in a first round of funding. The funding was co-led by Andreessen Horowitz and Index Ventures, and also inclu... READ MORE...
posted on Wednesday, December 8, 2010
TechForward Raises Another $800K
Los Angeles-based TechForward, the provider of guaranteed buyback plans for consumer electronics which is headed by Jade Van Doren, has raised $800,000 in a debt financing, according to a recent regulatory filing by the firm. According to o... READ MORE...
posted on Wednesday, December 8, 2010
Sofie Biosciences Gets $2M
Culver City-based Sofie Biosciences, a firm developing agents and devices for molecular imaging, said today that it has raised $2M in funding. The round came from Cycad Group and other investors. Sofie Biosciences technology is being applie... READ MORE...
posted on Wednesday, December 8, 2010
Fallbrook Technologies Gets $39M
San Diego-based Fallbrook Technologies, a developer of transmission technology, said today that it has raised $39M in a Series E preferred stock placement. Fallbrook said the new round brings its total raised to approximately $95M since 200... READ MORE...
posted on Tuesday, December 7, 2010
Awarepoint Raises $9M
San Diego-based Awarepoint, a developer of enterprise, real-time location systems for the hospital market, has raised $9M in a financing round, the firm has announced. According to Awarepoint, the funding came from Cardinal Partners, Jafco ... READ MORE...
posted on Monday, December 6, 2010
Grid2Home Raises $400K
San Diego-based Grid2Home, a developer of energy management software, has closed on $400,000 of a $500,000 funding round, according to a regulatory filing by the firm Thursday. The round appears to be the same seed round of funding the comp... READ MORE...
posted on Thursday, December 2, 2010
Solarflare Raises $5.0M In Debt
Irvine-based Solarflare Communications, a developer of 10 Gigabit Ethernet adapters and silicon, has raised $5.0M in a debt funding round, according to a regulatory filing by the firm. No details on the source of the debt funding were discl... READ MORE...
posted on Thursday, December 2, 2010
FindTheBest Gets Backing From Kleiner Perkins
Santa Barbara-based FindTheBest.com, the comparison search engine firm run by Kevin O'Connor, said today that it has received Series A funding from Kleiner Perkins Caufield & Byers' sFund. Amount of the funding was not disclosed. O'Connor w... READ MORE...
posted on Wednesday, December 1, 2010
FamilyFinds.com Raises $5.75M
Santa Monica-based FamilyFinds.com, the new daily promotions site headed by former LowerMyBills.com founder Matt Coffin, said today that it has raised $5.75M in a funding round, and has officially entered the online daily deal space. The fu... READ MORE...
posted on Wednesday, December 1, 2010
Histogen Raises $10M
San Diego-based Histogen, a developer of regenerative medicine products, announced today that it has raised $10M in a Series A financing round. The financing came from private investors, including Secure Medical, Leonard Lavin, Lordship Ven... READ MORE...
posted on Tuesday, November 30, 2010
RingRevenue Calls Up $4M More
Santa Barbara-based RingRevenue, the provider of pay-per-call, performance marketing technology run by Jason Spievak, said this morning that it has closed on $4M more in a new round of funding. The round was led by GRP Partners and Rincon V... READ MORE...
posted on Tuesday, November 30, 2010
Awarepoint Raises $3.2M
San Diego-based Awarepoint, a developer of real time, location monitoring systems for hospitals, has raised another $3.2M in capital, according to a recent regulatory filing by the firm. The filing indicates current investors Venrock, JAFCO... READ MORE...
posted on Monday, November 29, 2010
SolarReserve In Joint Venture With PV Solar Firm
Santa Monica-based SolarReserve, a developer of large-scale, concentrated solar power and photovoltaic projects, announced Thursday it is in a joint venture with a photovoltaic power plant operator producer, GCL Solar Energy. According to S... READ MORE...
posted on Thursday, November 18, 2010
CoolPlanetBioFuels Gets Funding From GE
Camarillo-based CoolPlanetBioFuels, a developer of technology for converting low grade biomass into biofuel, said today that it has added GE Financial Services as an investor. According to CoolPlanetBioFuels, the funding came as part of an ... READ MORE...
posted on Wednesday, November 17, 2010
Qualcomm Backs Visage Mobile
San Diego-based wireless technology firm Qualcomm is backing a developer of enterprise mobile device management software, Visage Mobile, via its Qualcomm Ventures arm. According to Visage, it has just received $3.6M in a Series C funding ro... READ MORE...
posted on Wednesday, November 17, 2010
Ortiva Wireless Raises $8M
La Jolla-based Ortiva Wireless, a developer of mobile video optimization technology, confirmed Tuesday afternoon that it has raised $8M in its Series C funding. The round was led by Intel Capital, and also included current investors Comcast... READ MORE...
posted on Tuesday, November 16, 2010
Intel Boosts Ortiva Wireless, Fonality
Two Southern California startups, Ortiva Wireless and Fonality, are among 18 companies which Intel said it has funded, to the tune of $77M in total venture investments. Exact investments in Ortiva, a developer of mobile video management and... READ MORE...
posted on Tuesday, November 16, 2010
BeneChill Finds $600K
San Diego-based BeneChill, a firm developing medical devices for treatment of cerebral ischemia, has raised $600,000 as part of $1.2M in debt funding, according to a regulatory filing by the firm this week. Source of the new funding was not... READ MORE...
posted on Tuesday, November 16, 2010
iChange Finds $500K More
El Segundo-based iChange, the online community site focused on nutrition counseling headed by Stuart MacFarlane, has raised another $500,000, as part of an ongoing $600,000 funding round, according to a regulatory filing by the firm today. ... READ MORE...
posted on Monday, November 15, 2010
Aires Pharmaceuticals Raises $20M, Inks Exclusive With Novartis
San Diego-based Aires Pharmaceuticals, a developer of treatments for pulmonary arterial hypertension, said this morning that it has raised $20M in a Series B funding round. The round was led by MPM Capital, and also included prior investor ... READ MORE...
posted on Thursday, November 11, 2010
Ceregene Scores $11.5M
San Diego-based biopharmaceuticals firm Ceregene announced this morning that it has raised $11.5M in a Series D funding round. The round was co-led by Hamilton Bioventures and Alta Partners, and also included MPM Capital and Investor Growth... READ MORE...
posted on Thursday, November 11, 2010
DataPop Gets $1.7M
Los Angeles-based DataPop, a new paid search ad management firm started by a pair of Overture/Yahoo Search Marketing veterans, has raised $1.7M in a Series A funding round, the company said this morning. The round was led by Rincon Ventures... READ MORE...
posted on Thursday, November 11, 2010
Enterprise Partners Portfolio Firm Heads To Market
One of the portfolio firms of San Diego-based venture capital firm Enterprise Partners, Complete Genomics is set to debut on the market Thursday, after pricing its IPO this evening. According to a filing from Complete Genomics, it will sell... READ MORE...
posted on Wednesday, November 10, 2010
CapLinked Adds New Features
Los Angeles-based CapLinked, the developer of software-as-a-service tools for managing investors communications and exchanges between startups and their investors, told its users today that it has added a number of new features to the site.... READ MORE...
posted on Wednesday, November 10, 2010
RealGravity Finds $3.2M
Los Angeles- and San Francisco-based RealGravity, a newly launched firm focused on online video distribution and syndication, announced today that it has raised $3.2M in a funding round. The Series A round was led by Kohlberg Ventures, and ... READ MORE...
posted on Wednesday, November 10, 2010
LeisureLink Gets $9M In Series C
Pasadena-based LeisureLink, a provider of distribution services for specialty lodging and vacation rentals, announced today that it has raised $9M in a Series C funding round. The round came from current investors, including Clearstone Vent... READ MORE...
posted on Wednesday, November 10, 2010
MyShape Raises $5.5M More
Los Angeles-based MyShape, the online personalized fashion and women's clothing and apparel firm, said today that it has raised $5.5M more in funding. The funding came from Draper Fisher Jurvetson, Tenaya Capital, and Draper Fisher Jurvetso... READ MORE...
posted on Wednesday, November 10, 2010
Nirvanix Raises $10M, Names New CEO
San Diego-based Nirvanix, the provider of cloud storage services, said today that it has raised another $10M in a funding, and appointed a new CEO. The firm said the new round is a Series B, and comes from investors Intel Capital, Mission V... READ MORE...
posted on Wednesday, November 10, 2010
SpaceX Raises Another $50.2M
Hawthorne-based SpaceX, the commercial rocket firm headed by PayPal co-founder Elon Musk, has raised another $50M in funding, according to a regulatory filing by the firm Tuesday. Source of the new funding was not disclosed. SpaceX has prev... READ MORE...
posted on Tuesday, November 9, 2010
M86 Security Raises $3.0M
Orange-based M86 Security, a developer of SMB security tools and software, has raised $3.0M in a new round of funding, according to a regulatory filing by the firm Tuesday. Source of the new funding was not disclosed. M86 -- which was forme... READ MORE...
posted on Tuesday, November 9, 2010
OnGreen Raises $1.4M
Los Angeles-based OnGreen, the online marketplace for green technology projects and investments headed by Nikhil Jain, said today that it has raised $1.4M in a Series A funding round. The round came from China Southern Hong Kong Investment ... READ MORE...
posted on Tuesday, November 9, 2010
MovieClips Raises $3M
Santa Monica-based MOVIECLIPS.com, a firm which allows users to share and license official movie scenes from the major studios, announced today that it has raised $3M in a Series A funding round. The funding came from Shasta ventures, First... READ MORE...
posted on Tuesday, November 9, 2010
eByline Gets $1.5M
Los Angeles-based eByline, a startup developing a marketplace for journalists and freelance writers, said today that it has raised $1.5M in a first round of funding. The round came from E.W. Scripps Company. eByline helps publications find ... READ MORE...
posted on Monday, November 8, 2010
RealGravity Finds $2.0M
RealGravity, a stealth mode firm working on software to help users add video to their web sites, has raised $2.0M out of a $2.5M funding round, according to a regulatory filing by the firm today. Source of the funding was not disclosed, how... READ MORE...
posted on Monday, November 8, 2010
SAIL Venture Partners Adds Advisor
Costa Mesa-based clean technology venture capital investor SAIL Venture Partners announced today that it has added John Picard, a green technology leader, to its advisory board. SAIL Venture Partners said Picard was involved in the Gap's su... READ MORE...
posted on Monday, November 8, 2010
Kinetic Traction Systems, With VC Backing, Takes On Mass Transit Energy Storage
Chatsworth-based Kinetic Traction Systems, a new startup headed by former Pentadyne Power COO Richard Newark, said today that it has launched the firm, and is looking to apply flywheel energy storage to the mass transit and rail market. The... READ MORE...
posted on Thursday, November 4, 2010
PathCentral Gets $10M More
Irvine-based PathCentral, a provider of pathology services and software to community pathologists, said Tuesday that it has raised $10M in a Series B funding round. The round was led by Okapi Venture Capital, Arboretum Ventures, and Baird V... READ MORE...
posted on Tuesday, November 2, 2010
ShopNation Raises $800K, Launches Fashion Discovery Site
Santa Monica-based ShopNation has raised $800,000 in a seed funding, and launched a new fashion discovery site today. The firm, co-founded by Travis Schneider and Luke Kervin, said it aggregates and normalizes product data from fashion reta... READ MORE...
posted on Monday, November 1, 2010
Rubicon Project Raises $18M, Buys Fox Audience Network
Santa Monica-based Rubicon Project said this morning that it has raised $18M in additional funding, and acquired the Fox Audience Network (FAN) from New Corporation. Rubicon said that the new funding round came from News Corporation, Clears... READ MORE...
posted on Monday, November 1, 2010
ClimateMinder Finds $380K
Glendale-based ClimateMinder, a developer of wireless climate monitoring systems for the agriculture market, has raised $380K, part of a $500K funding round, according to a regulatory filing from the firm today. Source of the funding was no... READ MORE...
posted on Friday, October 29, 2010
Endologix Buys Nellix, Gets $15M Investment
Irvine-based Endologix, a developer of minimally invasive treatments for aortic disorders, said this morning that it has agreed to acquire Nellix, a developer of medical devices for treating abdominal aortic aneurysms (AAAs). Endologix said... READ MORE...
posted on Thursday, October 28, 2010
Regulus Therapeutics Gets $10M From Sanofi-Aventis
La Jolla-based Regulus Therapeutics reports today that it has received $10M in an equity investment from drug maker Sanofi-Aventis. The firm said the investment came as part of its strategic alliance with Sanofi-Aventis, which was signed Ju... READ MORE...
posted on Thursday, October 28, 2010
Qualcomm Backs uCirrus
San Diego-based Qualcomm, via its venture capital arm, Qualcomm Ventures, has backed a firm developing operating software aimed at dealing with real time data processing. According to uCirrus, based in San Mateo, Qualcomm Ventures was one o... READ MORE...
posted on Wednesday, October 27, 2010
Ortiva Wireless Finds $8.0M More
La Jolla-based Ortiva Wireless, a developer of wireless software used for handling video streaming over mobile networks, has raised $8.0M out of a $10.0M funding round, according to a recent regulatory filing by the firm. The funding includ... READ MORE...
posted on Wednesday, October 27, 2010
New Firm Looks To Fund Technology Startups
Beverly Hills-based Henislie, a new joint venture created by BioAccel and Imprimatur Capital, said today that it is in the midst of raising approximately $50M to seed investment in companies in the life science, information technology, tele... READ MORE...
posted on Wednesday, October 27, 2010
Spotlight Ticket Management Gains $2.5M
Woodland Hills-based Spotlight Ticket Management, a developer of web-based software for managing sports and entertainment tickets, said this morning that it has raised $2.5M in a funding round. The round came from Point Judith Capital. Spot... READ MORE...
posted on Wednesday, October 27, 2010
Calacanis Boosts Riptano
Jason Calacanis, the CEO of Mahalo.com and well known angel investor, said today that he has invested in Riptano, the developer of the open source, Apache Cassandra online transaction database software. Calacanis joined Lightspeed Venture P... READ MORE...
posted on Tuesday, October 26, 2010
aTyr Pharma Nabs $23M
San Diego-based aTyr Pharma, a developer of biotherapeutics aimed at the blood, immune, and metabolism disorder areas, announced today that it has raised $23M in a Series C equity financing round. The round was led by Domain Associates, and... READ MORE...
posted on Tuesday, October 26, 2010
PURE Bioscience Gets $2.376M In PIPE
San Diego-based PURE Bioscience, a publicly held developer of antimicrobial compounds, said today that it has raised $2.376M in a private placement. Name of the investors were not disclosed. The firm said it sold 1,080,000 new shares of its... READ MORE...
posted on Tuesday, October 26, 2010
MySpace Faces Challenge From KPCB's sFund
Emphasizing the challenge that faces Los Angeles-based MySpace in taking back the initiative in the social networking industry, competing social network Facebook has seen a significant boost to its efforts to dominate social networking, as ... READ MORE...
posted on Thursday, October 21, 2010
Minnow Medical Gets $4.7M
Laguna Hills-based Minnow Medical, a developer of treatments for peripheral vascular disease therapy, said said Wednesday that it has raised $4.7M in a combination of equity and convertible debt. According to the firm, it sold $3.2M in pref... READ MORE...
posted on Thursday, October 21, 2010
Connexity, Headed by FastClick's Dave Gross, Gets Seed Funding
Camarillo-based Connexity, a new Internet advertising firm headed by former Fastclick CEO Dave Gross, said today that it has raised a seed funding round. Amount of the round was not announced. The funding round came from Persistence Partner... READ MORE...
posted on Thursday, October 21, 2010
Poptent Confirms $3M Funding
San Clemente-based Poptent, an online site for crowdsourced video content for advertisers, has raised $3M in a Series A investment round, it new investor has confirmed. According to Los Angeles-based MK Capital, it made the investment in Po... READ MORE...
posted on Thursday, October 21, 2010
Poptent Raises $3.0M
San Clemente-based Poptent, a firm which operates an online site which allows brands to source crowd-generated commercials, web videos, and other video content from users, has raised at least $3.0M in a recent funding, according to a regula... READ MORE...
posted on Wednesday, October 20, 2010
Venture Firms Line Up To Oppose Prop 23
A long list of California venture capital investors have joined to oppose Proposition 23, the California ballet initiative coming up in the polls, which looks to halt the state's recently passed AB32 clean energy law. The list includes Cost... READ MORE...
posted on Wednesday, October 20, 2010
AVST Raises $4.0M More
Foothill Ranch-based AVST, a developer of voice telephony products, has raised $4.0M as part of an ongoing, $18.4M funding round, according to a regulatory filing from the firm Tuesday. No details on the funding have been announced by the c... READ MORE...
posted on Tuesday, October 19, 2010
BlueCava Gets $5M
Irvine-based BlueCava, a firm developing security technology related to device reputation, said Monday that it has raised $5M in a Series A funding round. The round came from Mark Cuban and Tim Headington. According to BlueCava, the funding... READ MORE...
posted on Tuesday, October 19, 2010
SAIL Venture Partners Boosts Ice Energy
Costa Mesa-based clean technology investor SAIL Venture Partners has boosted a maker of energy storage technology, as part of a big round for Ice Energy. According to Ice Energy, a Colorado maker of equipment which uses equipment which shif... READ MORE...
posted on Monday, October 18, 2010
CapLinked Opens Up Public Beta
Manhattan Beach-based CapLinked, which develops online, software-as-a-service to help entrepreneurs connect with and keep their investors updated, is opening up its public beta today. According to the firm, which is headed by Eric M. Jackso... READ MORE...
posted on Monday, October 18, 2010
Report: Southern California Venture Capital Totals $464M In Q3
Venture capital investments in Southern California in Q3 totaled to $464.18M, according to the latest numbers released by the PricewaterhouseCoopers/NVCA Money Tree Report this evening, based on data from Thomson Reuters. Nationwide, there ... READ MORE...
posted on Thursday, October 14, 2010
Pathway Genomics Raises Additional Funding
San Diego-based Pathway Genomics, a provider of genetic testing services, has raised additional funding, according to the firm's legal counsel, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. Amount, details, and source of the new fundi... READ MORE...
posted on Thursday, October 14, 2010
Interview with Richard Koffler and John Morris, The Tech CEO Network
Looking to bridge the gap between the immense amount of technology created at local universities and the commercial market, a new group--the Tech CEO Network (www.techceonetwork.com)--has quietly been working in Los Angeles to try to help s... READ MORE...
posted on Thursday, October 14, 2010
DailyD Gets $5.0M
Santa Monica-based DailyD, an online operator of a daily, local deals site, has raised $5.0M in a funding round, according to a regulatory filing by the firm. DailyD is the latest startup of LowerMyBills founder Matt Coffin; the firm also l... READ MORE...
posted on Wednesday, October 13, 2010
Predixion Software Raises $5M
Aliso Viejo-based Predixion Software, the cloud-based developer of business analytics software headed by Simon Arkell, said today that it has raised $5M in a Series A financing round. The round was led by DFJ Frontier, and also included Mir... READ MORE...
posted on Wednesday, October 13, 2010
Rustic Canyon Boosts Social Gaming Firm PlayFirst
Santa Monica-based venture capital firm Rustic Canyon Partners has upped its investment in social games firm PlayFirst, which is based in San Francisco. According to PlayFirst, Rustic Canyon, Mayfield Fund, Trinity Partners, and DCM--all cu... READ MORE...
posted on Tuesday, October 12, 2010
ELC Technologies Acquired By Pourzanjani, Rahmat
Kamran Pourzanjani, the former CEO and founder of PriceGrabber.com, and Omid Rahmat, the former CEO of Tom's Hardware, have acquired Portland- and Santa Barbara-based ELC Technologies, the development firm founded by Jonathan Siegel. ELC is... READ MORE...
posted on Tuesday, October 12, 2010
Arktos Entertainment Funds Online Gaming Firm
Los Angeles-based Arktos Entertaiment Group, a firm which says it provides investment, creative and production management support, and other services to interactive and online entertainment firms, said today that it has led a $5M investment... READ MORE...
posted on Tuesday, October 12, 2010
Skyline Financial Raises $8.2M From GRP, Others
Los Angeles-based venture capital firm GRP Partners--which has been very active in the local technology startup market--has made its latest investment, in an interesting industry: mortgage lending. GRP is the lead investor in Skyline Financ... READ MORE...
posted on Monday, October 11, 2010
Cyber-Rain Gets $1.8M
Encino-based Cyber-Rain, the maker of smart irrigation controllers led by Diana Schulz, announced this morning that the firm has raised $1.8M in a Series B round of funding. According to the firm, the round was led by DeWaay Investment Part... READ MORE...
posted on Monday, October 11, 2010
Rustic Canyon Adds Associate
Santa Monica-based venture capital firm Rustic Canyon Partners is announcing later today that it has added Ed Fu as an Associate at the firm. According to Rustic Canyon, Fu will support the firm's investments in Internet and Clean Technolog... READ MORE...
posted on Wednesday, October 6, 2010
Viewdle Gets $10M
Viewdle, the developer of cross platform, facial recognition technology backed by Santa Monica-based Anthem Ventures, has scored another round of funding, worth $10M, according to Viewdle. The new round comes from Best Buy, BlackBerry Partn... READ MORE...
posted on Tuesday, October 5, 2010
Passenger Gains $7.5M More
Los Angeles-based Passenger, a developer of private social networking sites for brands, said today that it has raised an additional $7.5M in an investment. The round came from Shelter Capital Partners, StarVest Partners, and Steamboat Ventu... READ MORE...
posted on Tuesday, October 5, 2010
ISBX Takes $750,000 For Mobile Software
Los Angeles-based ISBX, a developer of a cross-platform, mobile development product, said today that it has scored $750,000 in funding. The round came from The Chen Group, a group of Taiwanese angel investors. According to ISBX, it will use... READ MORE...
posted on Tuesday, October 5, 2010
Kyriba Raises $10.6M
San Diego-based Kyriba, a provider of software-as-a-service used for cash management by companies, said today that it has raised $10.6M in a new financing round. The funding came from Iris Capital, along with prior investor BRED Banque Popu... READ MORE...
posted on Tuesday, October 5, 2010
Chumby Raises $3.0M More
San Diego-based Chumby, maker of the alarm-clock sized, Internet device, has raised another $3.0M in funding, according to a regulatory filing by the firm Monday. According to the filing, the funding came in the form of debt and warrants, m... READ MORE...
posted on Monday, October 4, 2010
Q3 Venture Investments For SoCal Total Around $1.0 Billion
Southern California venture totals for Q3 totaled around $1.0 billion in investments, according to the Q3 analysis of venture capital deals by socalTECH.com. According to an analysis of socalTECH's proprietary database of venture capital de... READ MORE...
posted on Monday, October 4, 2010
CanopyHR Gets Investment
Irvine-based CanopyHR Solutions, a provider of outsourced payroll and human resources services, announced today that it has received a investment from Claritas Capital Fund III, L.P. Amount of the funding was not disclosed. The firm said th... READ MORE...
posted on Monday, October 4, 2010
Predixion Software Adds $3M
According to a report today from VentureWire, Aliso Viejo-based Predixion Software has added $3M to the firm's Series A funding round, from Palomar Ventures. Predixion is developing data mining and analytics software, and is headed by Simon... READ MORE...
posted on Friday, October 1, 2010
Opthonix Sees $5.39M More
Vista-based Opthonix, a developer of wavefront guided, high definition vision eyeglasses, has raised $5.39M as part of an ongoing, $12.1M financing, according to a regulatory filing from the firm earlier this week. Details on the funding ha... READ MORE...
posted on Wednesday, September 29, 2010
TigerText Gets $1.9M
Santa Monica-based TigerText, a new startup focused on mobile messaging applications, said Tuesday evening that it has raised $1.9M in an angel funding round. The round came from Silicon Valley investors Herb Madan and Randall Kaplan. Kapla... READ MORE...
posted on Wednesday, September 29, 2010
Cyber-Rain Raises $1.6M More
Encino-based Cyber-Rain, the developer of Internet-linked, automated sprinkler controllers, has raised $1.6M in a funding, according to a regulatory filing by the firm on Tuesday. According to the filing, the new funding is part of an ongoi... READ MORE...
posted on Tuesday, September 28, 2010
Geodelic Confirms Verizon Relationship
Santa Monica-based Geodelic, the location-based mobile application development firm run by Rahul Sonnad, confirmed its relationship with Verizon last week. Verizon has been an investor in the firm since June, and Geodelic has been developi... READ MORE...
posted on Monday, September 27, 2010
YouMail Raises $410K
Aliso Viejo-based YouMail, which develops personalized voicemail services, has raised another $410,000 in funding, according to a regulatory filing from the firm on Friday. Source of the new funding was not disclosed. According to the filin... READ MORE...
posted on Friday, September 24, 2010
Cylene Pharmaceuticals Gets $12M
San Diego-based Cylene Pharmaceuticals reported today that it has raised $12M in a financing round, from its existing investors, as it kicks off a Phase I clinical trial. The developer of treatments for multiple myeloma said the funding cam... READ MORE...
posted on Friday, September 24, 2010
Cytomx Gets $30M, But Plans Move North
Santa Barbara-based CytomX Therapeutics, a biotechnology firm developing antibodies, said this morning that it has raised $30M in a Series B funding round. The round was led by Third Rock Ventures, and also included the Roche Venture Fund. ... READ MORE...
posted on Thursday, September 23, 2010
CrownPeak Raises $1.75M in Series C
Los Angeles-based CrownPeak, a developer of web content management systems (CMS), has raised $1.75M in a Series C funding round, according to a regulatory filing by the firm today. Jim Howard, CEO of CrownPeak, told socalTECH that the fundi... READ MORE...
posted on Wednesday, September 22, 2010
MaestroDev, Winston Damarillo's Latest Firm, Uncloaks At JavaOne
Manhattan Beach-based MaestroDev, a firm developing Java build, test, and release tools for the software development community, has uncloaked at the JavaOne conference, exposing the latest firm started by GlueCode founder Winston Damarillo.... READ MORE...
posted on Wednesday, September 22, 2010
WiSpry Ups Funding To $6.48M
Irvine-based WiSpry, a maker of radio frequency (RF) semiconductors, has brought its Series C-1 funding round up to $6.48M, out of a $7.0M target, according to a regulatory filing by the firm this week. No details on the funding have yet be... READ MORE...
posted on Wednesday, September 22, 2010
Tecca, Backed By Best Buy, Launches Personal Electronics Shopping Service
Santa Monica-based Tecca said today that it has launched a new, personal electronics shopping and information service with the backing of Best Buy Co. and Fuse Capital. The firm, which did not disclose financial details of the investment, s... READ MORE...
posted on Wednesday, September 22, 2010
RightScale Gets $25M For Cloud Computing Software
Santa Barbara-based RightScale, a developer of cloud computing management software, announced this morning that it has raised $25M in a new round of funding. The third round of funding was led by Tenaya Capital, and also included DAG Ventur... READ MORE...
posted on Wednesday, September 22, 2010
Clearstone I Tops CalPERS Fund Performance
Santa Monica-based venture capital firm Clearstone Venture Partners currently tops the list for the best performing fund within CalPERS private equity funds, according to recently released figures from CalPERS. According to the numbers, Cle... READ MORE...
posted on Monday, September 20, 2010
Data Impact Nabs $5M
Huntington Beach-based Data Impact, a developer of software-as-a-service for electronic invoicing, announced this morning that it has raised $5M in a funding round. The round came from Zon Capital partners and other private investors. Accor... READ MORE...
posted on Monday, September 20, 2010
Interview with Eric M. Jackson, CapLinked
Today's interview is with Eric M. Jackson, CEO and co-founder of CapLinked (www.caplinked.com), which is developing tools to help entrepreneurs and investors connect. Eric is an experienced entrepreneur, and was a very, very early employee ... READ MORE...
posted on Monday, September 20, 2010
Astute Networks Gains New Funding
San Diego-based Astute networks, a developer of blade storage products, said Thursday that it has raised a new, "significant" capital investment from Tallwood Venture Capital. Amount of the funding was not disclosed. According to Astute, th... READ MORE...
posted on Thursday, September 16, 2010
Insights: VCs Planting the Seeds for a Cleantech Bumper Crop in L.A.
For today's Insights and Opinions section, we have an article from Dr. John Paglia, an associate professor of finance and senior researcher of the Pepperdine Private Capital Markets Project. Los Angeles boasts 543,835 privately held co... READ MORE...
posted on Thursday, September 16, 2010
Independa Gets Seed Funding, Launches
San Diego-based Independa, a startup developing products to help senior citizens live independently longer via technology, said this week that it has received a second round of seed funding, and launched its products. Amount and source of t... READ MORE...
posted on Thursday, September 16, 2010
Grid2Home Gets Seed Funding
San Diego-based Grid2Home, a developer of energy management software, said today that it has raised a seed round of funding. The funding was led by Granite Ventures. Financial details of the funding were not disclosed by the company. Accord... READ MORE...
posted on Wednesday, September 15, 2010
Qualcomm Launches Second Annual Venture Competition
San Diego-based Qualcomm said Tuesday that it is launching its second annual venture investment competition, the Qualcomm Ventures QPrize competition. According to the firm, this year's competition will provide up to $750,000 in seed fundin... READ MORE...
posted on Tuesday, September 14, 2010
SG Biofuels Confirms $9.4M Fundraising
Encinitas-based SG Biofuels, a firm developing biofuels crops based on Jatropha, confirmed today that it has raised $9.4M in a Series A financing. The firm said the funding came from Flint Hills Resources, Life Technologies, and existing in... READ MORE...
posted on Tuesday, September 14, 2010
Kareo Gets $9.5M
Irvine-based Kareo, a developer of web-based medical billing software, announced today that it has raised $9.5M in an investment round. According to Kareo, the funding came from OpenView Venture Partners. The firm said the new funding will ... READ MORE...
posted on Monday, September 13, 2010
LA Times Vets Launch Ebyline, Gain Angel Funding
Los Angeles-based Ebyline said today that it has launched a new online marketplace targeted at news publishers and professional journalists, which helps publishers manage freelance writers. The firm said it is backed by un-named Los Angeles... READ MORE...
posted on Thursday, September 9, 2010
Anametrix Funding Worth $1.15M
San Diego-based Anametrix, a developer of cloud-based business analytics software, revealed this week via a regulatory filing that its recently announced round was worth $1.15M, part of a $2.3M fundraising effort by the company. The firm ha... READ MORE...
posted on Thursday, September 9, 2010
VMIX Raises $2.5M
San Diego-based VMIX, a provider of online video publishing tools, announced today that it has raised $2.5M in a Series C funding round. Source of the new funding was not disclosed. According to VMIX, the new funding will go towards the fir... READ MORE...
posted on Thursday, September 9, 2010
Permlight Gets Funding
Tustin-based Permlight, a developer of LED-based lighting systems, announced today that it has scored a new round of financing. Source and size of the funding was not disclosed. According to Permlight, the new funding will go towards expand... READ MORE...
posted on Wednesday, September 8, 2010
Row 44 Raises $37M
Westlake Village-based Row 44, the developer of wireless broadband systems for the commercial aviation industry, is expected to announced today that it has raised another $37M in funding. Source of the funding was not announced. Row 44 so f... READ MORE...
posted on Wednesday, September 8, 2010
Webalo Scores $3M For Mobile Enterprise Apps
Los Angeles-based Webalo, a company which provides mobile application development tools, said this afternoon that it has raised $3M in a new funding round. The funding came from new and existing investors, including J.L. Easton Ventures, Ba... READ MORE...
posted on Tuesday, September 7, 2010
Vicente Capital Partners Funds SportsMEDIA
Los Angeles-based venture capital firm Vicente Capital Partners has invested $12.5M in a funding for sports statistics and information provider SportMEDIA Technology Corp., SportsMEDIA said today. Vicente Capital's investment was led by Jay... READ MORE...
posted on Friday, September 3, 2010
Accumetrics Closes On $24M In Funding
San Diego-based Accumetrics, a developer of medical devices used to measure antiplatelet therapy, a technique used to prevent heart attack and stroke, said this morning that it has closed on a $24M funding round. The firm said the funding c... READ MORE...
posted on Wednesday, September 1, 2010
SG Biofuels Lands $9.41M
Encinitas-based SG Biofuels, a developer of Jatropha-based biofuels technology, has raised $9.41M in a funding round, according to a regulatory filing by the firm today. Source of the new funding was not disclosed. SG Biofuels is headed by ... READ MORE...
posted on Tuesday, August 31, 2010
CEBIX Raises $14.0M
La Jolla-based Cebix, a developer of treatments for type 1 diabetic neuropathy, has raised $14.0M in a new funding round, according to a regulatory filing by the firm today. Details on the funding have not been announced by the company, how... READ MORE...
posted on Tuesday, August 31, 2010
Fallbrook Technologies Raises $6M
San Diego-based Fallbrook Technologies, a developer of continuous variable transmissions for the electric car and other industries, has raised $6M more in venture capital, according to an updated S-1 from the firm. The company, which is in ... READ MORE...
posted on Tuesday, August 31, 2010
ShowUhow Gains $3M
San Diego-based ShowUhow, a developer of an online web site focused on video instruction guides for manufacturers and retailers, said today that it has raised $3M in a funding round. The firm said the Series A funding came from Syncom Ventu... READ MORE...
posted on Monday, August 30, 2010
Otonomy Raises $38.5M
San Diego-based Otonomy, a biopharmaceuticals firm developing products to treat disorders of the inner and middle ear, announced today that it has raised $38.5M in a Series B financing. The round was led by Novo Ventures and RiverVest Ventu... READ MORE...
posted on Monday, August 30, 2010
CitizenGlobal Lands $6.0M
Venice-based CitizenGlobal, an online web site which allows producers to crowd-source video content, has raised $6.0M in a funding round, according to a regulatory filing by the firm Friday. No details on the funding have been announced. Th... READ MORE...
posted on Friday, August 27, 2010
Finistere Ventures Targets New Fund
San Diego-based venture capital firm Finistere Ventures, which is focused on early stage medical devices and biotechnology investments, is in the midst of raising a new fund, Finistere Ventures II, according to VentureWire this week. No oth... READ MORE...
posted on Friday, August 27, 2010
Cool Planet Biofuels Gets $3.0M More
Camarillo-based Cool Planet Biofuels, a firm developing biofuels technology to replace gasoline using biomass, has raised $3.0M as part of an ongoing, $8.0M funding round, according to a filing by the firm today. Source of the new funding w... READ MORE...
posted on Thursday, August 26, 2010
IntraStage Raises Angel Funding
San Diego-based IntraStage, a developer of quality management software for companies who design and manufacture electronic products, including statistical process control (SPC) and other testing and data analytics tools, has raised a round ... READ MORE...
posted on Thursday, August 26, 2010
EMN8 Gets $3.1M More
San Diego-based EMN8, a developer of automated order taking kiosks for the fast food and retail industry, has raised another $3.1M in funding, according to a regulatory filing by the firm today. No details have been announced yet by the com... READ MORE...
posted on Tuesday, August 24, 2010
Interview with Marc Averitt and Sharon Stevenson, Okapi Ventures
It's been a good summer for Laguna Beach-based venture capital firm Okapi Ventures (www.okapivc.com), which recently saw its first portfolio firm exit last month in Carlsbad-based Helixis, which was acquired by Illumina for $105M. In light ... READ MORE...
posted on Tuesday, August 24, 2010
Brand Affinity Technologies Gets $20M
Irvine-based Brand Affinity Technologies, the latest startup headed by Ryan and Chad Steelberg, announced today that it has raised $20M in a Series C funding round. The round was led by Miramar Venture Partners, and also included prior inve... READ MORE...
posted on Tuesday, August 24, 2010
Mindbody Confirms $14M For Health and Wellness Software
San Luis Obispo-based Mindbody Software has confirmed that it has raised $14M in a new funding round for the firm's health and wellness business management software. According to the firm, the new round of funding came from Bessemer Venture... READ MORE...
posted on Friday, August 20, 2010
Mindbody Raises $11M
San Luis Obispo-based MindBody Software, a developer of software for managing yoga, wellness, and spa businesses, has raised nearly $11M in a new funding round, according to a regulatory filing by the firm this morning. According to the fil... READ MORE...
posted on Friday, August 20, 2010
Total Beauty's John Hadl Joins USVP In Los Angeles
Santa Monica-based Total Beauty Media's John Hadl has joined venture capital firm U.S. Venture Partners, USVP said today, on the heels of the acquisition of USVP's LimeLife by Total Beauty. According to U.S. Venture Partners, Hadl has been ... READ MORE...
posted on Thursday, August 19, 2010
ThisNext Gets $1.2M In Funding Round
Santa Monica-based ThisNext, the online social shopping and product discovery site now being run by Matt Edelman, has raised $1.2M in a round of funding, according to a regulatory filing from the firm today. According to the filing, the fir... READ MORE...
posted on Thursday, August 19, 2010
1-800-DENTIST Gains Venture Funding
Los Angeles-based 1-800-DENTIST, a provider of marketing services to dentists, said this week that it has raised a round of growth financing from Cue Ball Capital and Bain Capital Ventures. Financial terms of the round were not disclosed. ... READ MORE...
posted on Thursday, August 19, 2010
Enterprise Partners Re-Ups On Complete Genomics
San Diego-based venture capital firm Enterprise Partners is one of the firms in a $39M, Series E funding round for Mountain View-based Complete Genomics, Complete Genomics said today. The round was led by Sands Capital, and also included Es... READ MORE...
posted on Thursday, August 19, 2010
SpectraFluidics Gets Investment From In-Q-Tel
Santa Barbara-based SpectraFluidics, a developer of chemical detection systems, announced yesterday that it has received a strategic investment from In-Q-Tel, the venture capital arm of the CIA. Size of the investment was not disclosed. Spe... READ MORE...
posted on Thursday, August 19, 2010
Insights and Opinions: Angel and Venture Capital Shareholder Liquidity
For today's Insights and Opinions section, where we feature insights and analysis from the local technology community, we have an article from Jeff Cohn, an entrepreneur and veteran of the angel and VC investment community here in Southern ... READ MORE...
posted on Wednesday, August 18, 2010
Anametrix Gets Funding, Adds Advisors
San Diego-based Anametrix, a developer of cloud-based business analytics software, said today that it has received new funding and added a slate of well known advisors. Details on the new private investment was not disclosed. According to A... READ MORE...
posted on Wednesday, August 18, 2010
Cibus Global Finds $1.1M
San Diego-based Cibus Global, a developer of technology for engineering agricultural crops, has raised $1.16M in funding, according to a regulatory filing by the firm Tuesday. The funding appears to be part of an ongoing, $2.6M fundraising ... READ MORE...
posted on Tuesday, August 17, 2010
Former VC Edmund Shea Jr. Dies
Edmund H. Shea, Jr., 80, the co-founder of Shea Homes and a former venture capital investor at Hambrecht & Quist, died August 13th at his San Marino home, according to J.F. Shea & Co. Shea was a former venture capital investor and investmen... READ MORE...
posted on Monday, August 16, 2010
WiSpry Gets $6M More
Irvine-based WiSpry, a maker of radio frequency (RF) semiconductors, has raised $6.0M as part of an ongoing $7.0M funding round, according to a regulatory filing by the firm today. Details on the funding have not yet been announced by the f... READ MORE...
posted on Monday, August 16, 2010
Tech Coast Angels Hail Exits, Disclose Q2 Investments Numbers
The Tech Coast Angels, Southern California's largest angel investment group, is hailing its latest exits today, saying that the recent IPOs for Green Dot and Trius Therapeutics, as well as the sale of Language Weaver to SDL, have left membe... READ MORE...
posted on Monday, August 16, 2010
Tech Coast Angels Hail Exits, Disclose Q2 Investments Numbers
The Tech Coast Angels, Southern California's largest angel investment group, is hailing its latest exits today, saying that the recent IPOs for Green Dot and Trius Therapeutics, as well as the sale of Language Weaver to SDL, have left membe... READ MORE...
posted on Monday, August 16, 2010
Valuations Up In Q2, Says Report
A venture capital survey from a Silicon Valley law firm, finds that valuations for venture backed firms improved in Q2, at least for companies surveyed in Silicon Valley. According to the Fenwick & West LLP Second Quarter 2010 Silicon Valle... READ MORE...
posted on Thursday, August 12, 2010
Growthink Ups Funding To $3.1M
Los Angeles-based Growthink, a provider of business plan consulting, corporate branding, venture capital research, investment banking, and other services, has upped its funding to $3.1M, according to a regulatory filing by the firm this wee... READ MORE...
posted on Wednesday, August 11, 2010
ecoATM Gets Funding From Coinstar
San Diego-based ecoATM, a developer of automated kiosks for recycling cell phones and other electronics, has scored a strategic investment from kiosk maker COinstar. Financial details of the deal were not announced. Coinstar announced the i... READ MORE...
posted on Wednesday, August 11, 2010
My Damn Channel Raises $4.4M
Los Angeles-based My Damn Channel, an online site which features professionally produced, humorous and other video content, announced a $4.4M funding round today. The new funding was led by Intuitive Venture Partners, and also included prio... READ MORE...
posted on Monday, August 9, 2010
RealPractice Gets New Funding, Execs
Irvine-based RealPractice, a developer of software used by law firms to manage their practices, said today that it has raised a new round of funding and appointed a new executive team. The firm said it has raised a new round of funding from... READ MORE...
posted on Tuesday, August 3, 2010
Tech Coast Angels Formally Announces New Fund, ACE
Angel investing group the Tech Coast Angels has officially announced its new investment fund, the ACE Fund, as the group has begun to broaden out its investments strategy. According to the Tech Coast Angels, the Angel Capital Enterpreneuria... READ MORE...
posted on Tuesday, August 3, 2010
Cleantech Investments Up In Q2
A new analysis released today b y Ernst & Young, based on data from Dow Jones VentureSource, finds that U.S. venture capital investment in the clean technology sector was up in Q2. According to the study, US VC investments in cleantech hit ... READ MORE...
posted on Tuesday, August 3, 2010
Enterprise Partners Portfolio Firm Heads Towards IPO
One of the portfolio firms of San Diego venture capital firm Enterprise Partners is heading towards an IPO, according to a S-1 filing Friday. According to Silicon Valley firm Complete Genomics, a provider of human genome sequencing services... READ MORE...
posted on Monday, August 2, 2010
Interview with Jeffrey Stibel, Dun & Bradstreet Credibility Corp.
Thursday afternoon, Dun & Bradstreet Credibility Corp., a new firm built on assets spun out of Dun & Bradstreet, announced that it had raised $100M in funding from Great Hill Capital. Little noticed by most, the new firm is headed by Jeffre... READ MORE...
posted on Friday, July 30, 2010
Dun & Bradstreet Credibility Corp., Led By Jeffrey Stibel, Gets $100M
Los Angeles-based Dun & Bradstreet Credibility Corp., a new firm headed by Jeffrey M. Stibel, the former CEO of Web.com and former GM at United Online, said Thursday afternoon that it has secured $100M in financing from Great Hill Partners.... READ MORE...
posted on Thursday, July 29, 2010
Okapi Ventures Gets First Portfolio Exit In Helixis
Laguna Beach-based venture capital firm Okapi Ventures, which is run by Sharon Stevenson and Marc Averitt, has seen its first portfolio exit, in Carlsbad-based Helixis. Okapi said that the first exit represented a return of more than six ti... READ MORE...
posted on Wednesday, July 28, 2010
SAIL Co-Leads Investment In Energy Storage Firm Xtreme Power
Costa Mesa-based clean technology venture investor SAIL Venture Partners is one of the firm co-leading in investment in energy storage firm Xtreme Power, which announced today that it has raised $29.5M. According to Xtreme Power, SAIL Ventu... READ MORE...
posted on Tuesday, July 27, 2010
Steamboat Ventures Backs Elemental Technologies
Los Angeles-based Steamboat Ventures, the venture capital arm of the Walt Disney Company, has backed a firm developing massively parallel video processing technology, Elemental Technologies. According to Elemental, which is based in Portlan... READ MORE...
posted on Tuesday, July 27, 2010
Quantum Technologies Raises $10.9M In PIPE
Irvine-based Quantum Fuel Systems Technologies Worldwide, which develops hybrid propulsion systems and renewable energy projects, which is publicly held, said Monday that it has raised $10.9M in a private placement. The firm said the fundin... READ MORE...
posted on Tuesday, July 27, 2010
Rockoco Gets $1.5M For Super-Polishing Diamonds
Pasadena-based Rockoco, a spinout of Caltech, has raised $1.5M in a funding round, according to lead investor the Pasadena Angels. Rockoco is developing technology which increases the polish of natural diamonds, beyond previously achievable... READ MORE...
posted on Monday, July 26, 2010
Tri Alpha Energy Gets $50M
Irvine-based Tri Alpha Energy, a stealth mode firm apparently working on nuclear fusion technology, has raised $50M in funding, according to numbers released earlier this month in the PricewaterhouseCoopers/NVCA Moneytree venture capital re... READ MORE...
posted on Monday, July 26, 2010
ScoreBig Snags $5.0M
Los Angeles-based ScoreBig, a stealth mode provider of unsold ticket liquidation services, has raised $5.0M in funding, according to a number of sources. Details of the company and funding have not been disclosed. Bain Capital Ventures now ... READ MORE...
posted on Friday, July 23, 2010
LeadPoint Raises $6.5M
Los Angeles-based Leadpoint, a developer of an online marketplace for sales leads, has raised $6.5M of an ongoing, $7.0M funding round, according to a regulatory filing by the firm today. Source of the new funding, which came from nine inve... READ MORE...
posted on Thursday, July 22, 2010
Huntington Capital Boosts Custom Products Manufacturer
San Diego-based Huntington Capital, a provider of mezzanine capital provider to lower middle market companies, is backing a Seattle manufacturer of custom photo books and other printed products. According to Seattle-based RPI, a provider of... READ MORE...
posted on Thursday, July 22, 2010
SolarReserve Ups Funds To $110M
Santa Monica-based SolarReserve has now pulled in $110M of a committed, $140M Series B funding round, according to a regulatory filing by the firm today. SolarReserve, which is developing utility scale power plants, had announced in 2008 th... READ MORE...
posted on Wednesday, July 21, 2010
Gaikai Gets Backing From Intel, Limelight
Los Angeles-based Gaikai, which is developing technology which allows computer gamers to play games through their web browser, said this week that it has added Intel Capital and Limelight Networks as investors in the firm. Additional invest... READ MORE...
posted on Wednesday, July 21, 2010
From Football, to Private Equity, and Back Again: Haden In At USC
Pat Haden, a member of private equity firm Riordan Lewis & Haden Equity Partners, has departed the private equity world to head up the University of Southern California's athletic direction, according to the school Tuesday. Haden was a form... READ MORE...
posted on Wednesday, July 21, 2010
CALIENT Technologies Lands $10M
Santa Barbara-based CALIENT Technologies, a developer of photonic switching products, said today that it has raised $10M in an expansion financing round. The firm said the funding was led by Arjun Gupta, who is a managing partner at Telesof... READ MORE...
posted on Wednesday, July 21, 2010
ThisNext Gets New Funding
Los Angeles-based social shopping site ThisNext announced this morning that it has raised a new round of funding, and inked a partnership with online advertising firm Federated Media. Amount of the funding was not disclosed. ThisNext said t... READ MORE...
posted on Wednesday, July 21, 2010
Skinit Snags $60M
San Diego-based Skinit, a developer of customized "skins" for consumer electronics products, has raised $60M in a funding, the firm said Tuesday. Skinit said the investment was led by ABS Capital Partners and Norwest Equity Partners. The fi... READ MORE...
posted on Wednesday, July 21, 2010
Qualcomm Backs Biometrics Sensor Firm
San Diego-based Qualcomm Ventures, the venture capital arm of Qualcomm, is continuing to back biometric fingerprint sensor maker Validity in its latest funding round. Validity said Tuesday that it has received $12.6M in a Series D round, wh... READ MORE...
posted on Tuesday, July 20, 2010
Savings.com Gets $8.726M
Los Angeles-based Savings.com, an online site connecting consumers with online deals, sales, and coupons, has raised $8.726M in funding, according to recent numbers released by PricewaterhouseCoopers and the National Venture Capital Associa... READ MORE...
posted on Monday, July 19, 2010
SoCal Venture Deals Up In Q2
Investments by venture capitalists in Southern California were up, both in terms of deals and dollars in Q2, according to the latest numbers from PricewaterhouseCoopers and the National Venture Capital Association (NVCA). According to the... READ MORE...
posted on Friday, July 16, 2010
GRP Backs Payment Card Provider Wave Crest
Los Angeles-based venture firm GRP Partners is backing a prepaid card firm, Wave Crest Holdings Limited, based in Gibraltar. According to Wave Crest today, it raised $8.5M in a Series B funding round led by GRP Partners, which also included... READ MORE...
posted on Thursday, July 15, 2010
Gendai Games Raises Funding
Los Angeles- and Austin-based Gendai Games, a publisher of iPhone game development software, has raised a round of funding, according to the firm. Amount of the funding was not disclosed, however the firm said the funding was somewhere over... READ MORE...
posted on Thursday, July 15, 2010
Morphlabs Raises $5.5M
El Segundo-based Morphlabs, the latest startup of Winston Damarillo, is announcing today that it has raised $5.5M in a Series B financing round. The round was led by Global Gateway Investment Group (G2iG), and also includes Frontera Group L... READ MORE...
posted on Wednesday, July 14, 2010
Zogenix Gets $50M in Debt, Equity
San Diego-based Zogenix announced today that it has just raised $35M in debt, and $15M in equity funding. The developer of biopharmaceuticals said that the $35M in debt came from Oxford Finance Corporation and Silicon Valley Bank, and was s... READ MORE...
posted on Tuesday, July 13, 2010
Venture Capitalists Not Finding Funding, Either
The latest numbers released by the National Venture Capital Association (NVCA) and Thomson Reuters shows that not only are startups finding fundraising tough--so are the venture capital firms who support those startups. According to Thomson... READ MORE...
posted on Monday, July 12, 2010
Circle Street Gets Funding From Crosscut Ventures
Los Angeles-based Circle Street, a new startup headed by Alex Nocifera, has raised a seed round of funding from Crosscut Ventures. Nocifera told socalTECH in an interview this morning that the funding is going towards building out the firm'... READ MORE...
posted on Monday, July 12, 2010
WaterHealth Ups Funding To $22.1M
Irvine-based WaterHealth International, a developer of water purification and disinfection systems, has upped its funding to $22.1M, as part of an ongoing $35.0M funding round, according to a regulatory filing by the firm Friday. Source of ... READ MORE...
posted on Friday, July 9, 2010
Ceres Details Financing Round
Thousand Oaks-based Ceres, a developer of biofuels crop technology, said Thursday that it has completed a private offering of convertible preferred stock. The funding came from Artal Luxembourg, Ambergate Trust, Gimv, and other undisclosed ... READ MORE...
posted on Thursday, July 8, 2010
Eight Repeat Entrepreneurs To Watch In SoCal
One complaint we sometimes hear from venture capitalists visiting Southern California for the first time, is the difficulty of finding experienced entrepreneurs and executives. socalTECH.com has mined its proprietary database of high tech c... READ MORE...
posted on Wednesday, July 7, 2010
Uptake Medical Raises $17.5M
Seattle- and Irvine-based Uptake Medical, a developer of medical technologies for the treatment of lung disease, said today that it has completed a Series B financing round worth $17.5M. Uptake said the round was led by Maverick Capital, an... READ MORE...
posted on Wednesday, July 7, 2010
Venture Firms Invest Around $1.6 Billion In Q2 2010 In SoCal
An analysis of Q2's venture capital deals and investment activity in Southern California find that venture capitalists invested around $1.6 billion in the area in Q2, up slightly from around $1.4 billion invested in Q1, and up from $1.0 bil... READ MORE...
posted on Tuesday, July 6, 2010
Ceres Raises $20M
Thousand Oaks-based Ceres, a developer of biofuel crop technology, has raised another $20M in funding, according to a regulatory filing from the firm Friday. Source of the new funding was not disclosed. The filing indicates the round came f... READ MORE...
posted on Friday, July 2, 2010
TweetUp Funding Worth $3.5M
The April funding of newest Idealab startup TweetUp was worth $3.5M, according to regulatory filings from the firm released Thursday. The amount of the funding, which came from Index Ventures, betaworks, Revolution LLC, First Round Capital,... READ MORE...
posted on Thursday, July 1, 2010
Eucalyptus Gets $20M More
Santa Barbara-based Eucalyptus Systems, a developer of private cloud management software, said this morning that it has raised $20M in new funding. The round was led by New Enterprise Associates, and also included current investors Benchmar... READ MORE...
posted on Thursday, July 1, 2010
Baroda Ventures Funds Fabulis
Beverly Hills-based Baroda Ventures, the venture capital firm of GeoCities founder David Bohnett, has invested in gay social networking site Fabulis. Baroda Ventures Partner Peter Lee confirmed the investment in the New York company, which ... READ MORE...
posted on Wednesday, June 30, 2010
TCA: $11.5M In Deals In Q1
The Tech Coast Angels is reporting this morning that it participated in over $11.5M in funding deals, including both angel and venture deals, in the first quarter. The deals included investments in Cyber-Rain, Benchmark Revenue, Allylix, Vi... READ MORE...
posted on Tuesday, June 29, 2010
AqueSys Gets $35M
Irvine-based AqueSys, a developer of medical devices for the treatment of glaucoma, said today that it has raised $35M in a Series C funding round. The round was led by Longitude Capital and Rho Ventures, and also included Accuitive Medical... READ MORE...
posted on Tuesday, June 29, 2010
Zeebo Ups Funding To $13.5M
San Diego-based Zeebo, which develops a wireless gaming console, has now raised $13.5M in its latest funding round, according to a regulatory filing by the firm Monday afternoon. The firm has previously raised funding from Qualcomm and Tect... READ MORE...
posted on Monday, June 28, 2010
Geodelic Raises $7M
Santa Monica-based Geodelic, the location-based mobile phone applications firm headed by ukelele-strumming Rahul Sonnad, has raised $7M, the firm said today. The funding came from MK Capital, Clearstone Ventures, and Shasta Ventures. The fu... READ MORE...
posted on Monday, June 28, 2010
Tech Coast Angels Launches New Sidecar Fund
The Tech Coast Angels, the venture capital angel investment group, has launched a new "sidecar" fund, the Angel Capital Fund, according to angel investor Dave Berkus. The fund target size is around $5-6M. A sidecar fund is an investment fun... READ MORE...
posted on Monday, June 28, 2010
HitFix Raises $1.6M
Los Angeles-based HitFix, an online web site focused on entertainment news and information, has raised $1.6M in a new funding round, according to investor the Tech Coast Angels. According to the TCA, it joined in a second round of funding w... READ MORE...
posted on Monday, June 28, 2010
SoCal Investor Benefits From Fabrinet IPO
A little known Southern California venture capital investor is benefiting from the IPO of Silicon Valley-based Fabrinet today, after Fabrinet said it has priced its IPO and will list on the New York Stock Exchange. According to Fabrinet's S... READ MORE...
posted on Friday, June 25, 2010
VidMe Gets Funding, Launches Private Video Sharing Service
Los Angeles-based Vidme has launched its services this week, saying that it is offering a private video sharing service, and has gotten funding from Applied Minds and Will Hearst. The firm offers a service which allow users to share their v... READ MORE...
posted on Thursday, June 24, 2010
On Ramp Wireless Takes $4.5M In Series B
San Diego-based On Ramp Wireless, a developer of wireless connectivity systems for connecting smart grid components and industrial sensing applications, has raised $4.5M in a Series B funding targeted at $18.0M. The funding was revealed in ... READ MORE...
posted on Thursday, June 24, 2010
Caplinked Raises $350K
Los Angeles-based CapLinked, an online startup developing software to help link entrepreneurs with their investors, has raised $350,000 in an equity investment round, according to a regulatory filing by the firm today. CapLinked's software ... READ MORE...
posted on Thursday, June 24, 2010
MultiFactor Raises $3.0M
Irvine-based MultiFactor Corporation, a developer of single sign on and secure authorization software, reported today that it has raised $3.0M in a funding round. Source of the new funding was not disclosed, however, the firm said that Nort... READ MORE...
posted on Thursday, June 24, 2010
SmartDrive Bumps Funding Plans
San Diego-based SmartDrive Systems, a firm which develops "black box" technology to record how drivers are performing on the road for fleet managers, has expanded its funding target for its latest equity round to $28.5M, according to a regu... READ MORE...
posted on Wednesday, June 23, 2010
Nereus Pharmaceuticals Rounds Up $20M More
San Diego-based Nereus Pharmaceuticals, a firm developing drugs for the treatment of lung cancer, said Tuesday that it has raised another $20M in funding and commitments from its venture backers. The new funding round was led by HBM Biovent... READ MORE...
posted on Wednesday, June 23, 2010
Steamboat Ventures Boosts Playdom
Burbank-based Steamboat Ventures, the venture capital firm funded by Walt Disney Co., is one of the backers of Bay Area social gaming firm Playdom. According to Playdom, Steamboat--along with Bessemer Venture Partners and New World Ventures... READ MORE...
posted on Tuesday, June 22, 2010
uSamp Gets $10M In Series C
Encino-based uSamp, the online market research and sampling firm founded by former goZing founders Matt Dusig and Gregg Lavin, said today that it has raised $10M in a Series C funding. The funding was led by OpenView Venture Partners. Accor... READ MORE...
posted on Tuesday, June 22, 2010
Gen-Probe Invests $50M In Pacific Biosciences
San Diego-based scientific instruments maker Gen-Probe has invested $50M in a Northern California firm developing DNA sequencing technology, Pacific Biosciences. According to the two firms, Gen-Probe made the investment as part of a larger ... READ MORE...
posted on Thursday, June 17, 2010
Ace Metrix Gets Investment From WPP
Los Angeles-based Ace Metrix, which operates an online service which helps television advertisers gauge the effectiveness of their ads, has scored an investment from advertising giant WPP, the firms announced this morning. Financial terms o... READ MORE...
posted on Thursday, June 17, 2010
Worlize Gets Funding For Social Gaming
Los Angeles-based Worlize, a new startup focused on social gaming and chat, said Wednesday that it has scored initial angel funding for the firm, and opened up a private beta. The firm said it is developing a user-created, social gaming and... READ MORE...
posted on Wednesday, June 16, 2010
Pervasive Finds $6.0M
San Diego-based Pervasive, a stealth-mode firm which says it is working on systems-on-a-chip, power line communications (PLC) products for the smart grid industry, has raised $6.0M, according to a recent regulatory filing by the firm. No de... READ MORE...
posted on Wednesday, June 16, 2010
Machinima.com Raises $9M for Entertainment Content
Los Angeles-based Machinima.com, an online entertainment site focused on video gamers, has raised $9M in a investment from Redpoint Ventures, the firm said this week. The firm said the Series B funding round will go towards accelerating fur... READ MORE...
posted on Wednesday, June 16, 2010
GreenWave Reality Gets $11M
Irvine-based GreenWave Reality, a firm developing a home energy management platform, has raised $11M in an equity funding round, according to the firm today. The funding came from Craton Equity Partners, which contributed $5M to the funding... READ MORE...
posted on Wednesday, June 16, 2010
Zag Raises $11.1M More
Santa Monica-based Zag, the online auto buying software firm headed by Scott Painter, has raised $11.1M in a new equity funding round, according to a regulatory filing by the firm Tuesday afternoon. Source and details on the funding have no... READ MORE...
posted on Tuesday, June 15, 2010
Calacanis Boosts Thumbtack
Jason Calacanis, the CEO of Mahalo, host of This Week In Startups, and angel investor, is one of the angel investors in Bay Area startup Thumbtack.com. Thumbtack said today that it received $1.2M in angel investor from Calacanis, along with... READ MORE...
posted on Friday, June 11, 2010
AqueSys Snags $7.5M
Irvine-based AqueSys, a medical device firm which is working on a proprietary surgical device for the treatment of glaucoma, has raised $7.5M of a $35M funding round, according to a regulatory filing by the firm today. Source of the new fun... READ MORE...
posted on Friday, June 11, 2010
Otonomy Raises $10M
San Diego-based Otonomy, which is developing treatments for Meniere's disease, said today that it has raised $10M in a Series A financing round. The round came from Avalon Ventures. According to Otonomy, the funding will go towards supporti... READ MORE...
posted on Friday, June 11, 2010
WaveConnex Gets $2.0M
Westlake Village-based WaveConnex, an early stage startup developing wireless technology based on millimeter-wave, 60Ghz signals, has raised $2.0M in a funding round from a single investor, according to a regulatory filing by the firm today... READ MORE...
posted on Thursday, June 10, 2010
NanoH2O Raises $10M
El Segundo-based NanoH2O, the water filtration technology spinout of UCLA, has raised $10M as part of an ongoing, $50M funding round, according to a regulatory filing by the firm today. No details on the funding have been announced yet by t... READ MORE...
posted on Thursday, June 10, 2010
Collecta Gets $4.7M, Moves To LA
Silicon valley-based Collecta, which operates a real time search engine, said today that it has raised $4.7M in new funding--and is moving its headquarters to Los Angeles. The firm is headed by Gerry Campbell, former President of Search & C... READ MORE...
posted on Thursday, June 10, 2010
Otonomy Takes $10.5M
San Diego-based Otonomy, a biopharmaceuticals firm developing drug therapies to treat inner and middle ear disorders, has raised $10.56M as part of an ongoing, $26.0M fundraising effort, according to a regulatory filing by the firm. Source... READ MORE...
posted on Wednesday, June 9, 2010
DR Technologies Lands $4.5M More From Private Equity
San Diego-based DR Technologies, a firm which designs, engineers, and manufactures composites for commercial, military, and scientific satellites and other space systems, has raised $4.5M in a follow-on investment. The investment came from ... READ MORE...
posted on Wednesday, June 9, 2010
Inspired Instruments Raises $1.25M For Digital Guitar Controller
Irvine-based Inspired Instruments announced today that it has raised $1.25M in a funding round, for its digital guitar and game controller products. Source of the funding was not disclosed. Inspired Instruments sells the You Rock Guitar, a ... READ MORE...
posted on Tuesday, June 8, 2010
USC Stevens Taps VCs To Spur Spinouts
USC Stevens Institute, the effort at the University of Southern California to spur innovation within the school, has tapped a number of venture capitalists to help guide a new mentorship and funding program, the institute said this morning.... READ MORE...
posted on Monday, June 7, 2010
Platform G Closes On $22M Funding Round
Beverly Hills-based Platform G, the stealth mode startup headed by former MySpace CEO Chris DeWolfe, has closed a $22.0M, Series A funding round, according to a regulatory filing by the firm today. The round had earlier been reported but th... READ MORE...
posted on Monday, June 7, 2010
Qualcomm Invests In Optical Module Firm
San Diego-based Qualcomm has made a strategic investment in European optical module firm Anteryon, Anteryon announced this morning. Financial details of the investment were not announced, but Anteryon said Qualcomm lead the firm's latest fu... READ MORE...
posted on Monday, June 7, 2010
GM Gets Into Venture Capital
General Motors announced Friday morning that it has entered into the venture capital industry, and created its own transportation venture capital arm called General Motors Ventures, LLC. GM said the new unit will help it to "pursue innovati... READ MORE...
posted on Friday, June 4, 2010
Burstly Adds SoftBank, Founder Collective
Los Angeles-based Burstly, the mobile ad management firm run by Evan Rifkin, said this week that it has added SoftBank Capital and Founder Collective to its Series A funding round. Size of the additional investment was not disclosed. Burstl... READ MORE...
posted on Friday, June 4, 2010
Predixion Software Raises $800K
Aliso Viejo-based Predixion Software, a new startup headed by Simon Arkell, has raised $800,000 as part of an ongoing $3.0M funding round, according to a regulatory filing from the firm this week. No details on the funding have been announc... READ MORE...
posted on Thursday, June 3, 2010
HauteLook Snags $31M For Luxury Private Sales Site
Los Angeles-based HauteLook, an online private sales site backed by Insight Venture Partners, has raised $31M in a Series C funding round, the firm said today. The round also came from Insight. HauteLook said the funding will go to expand t... READ MORE...
posted on Thursday, June 3, 2010
Arena Pharmaceuticals Raises $35.5M In PIPE
San Diego-based Arena Pharmaceuticals, a firm developing biopharmaceuticals, including a compound targeted at weight loss and weight management, said today that it is raising $35.5M in an equity investment from Deerfield Management. Publicl... READ MORE...
posted on Thursday, June 3, 2010
WOWIO Gets Funding, Buys WEvolt
Los Angeles-based WOWIO said this morning that it has raised $1.7M in a funding round, and acquired online social networking site WEvolt, focused on comic books and creative content. WOWIO said the funding was led by CEO Brian Altounian. WE... READ MORE...
posted on Thursday, June 3, 2010
Life Technologies Invests in Synthentic Genomics
Carlsbad-based Life Technologies said Wednesday that it has made an equity investment in Synthetic Genomics, a firm commercializing synthetic genomic advances. Terms of the investment were not announced. Synthetic Genomics develops technol... READ MORE...
posted on Wednesday, June 2, 2010
Chumby Ups Series B To $8.7M
San Diego-based Chumby, the maker of the Internet-connected, Linux-based clock radio, has upped its Series B funding to $8.78M, according to a regulatory filing from the firm this week. According to the filing, the firm is in the midst of r... READ MORE...
posted on Tuesday, June 1, 2010
Giiv Confirms $3.35M Fundraising
Los Angeles-based Giiv, which operates a mobile gifting service, has confirmed its recent $3.35M funding round, saying that the funding came from Google CEO Eric Schmidt, Saban Ventures, Founder Collective, and SK Telecom Ventures. The firm... READ MORE...
posted on Tuesday, June 1, 2010
Altura Medical Scores $20M
San Clemente-based Altura Medical announced this morning that it has raised $20M in a Series A financing round. The firm said the funding was led by New Leaf Venture Partners, and also included Advanced Technology Ventures and SV Life Scien... READ MORE...
posted on Tuesday, June 1, 2010
Awareness Technologies Gets $6.5M
Los Angeles-based Awareness Technologies, a developer of security software, has raised $6.5M in a funding round. The round was announced last month, and closed in April. The firm said that the funding came from former Perimeter eSecurity CE... READ MORE...
posted on Tuesday, June 1, 2010
Billshrink's Pham Lands At Trinity Ventures
Billshrink CEO Peter Pham, who is well known in Southern California for his efforts to organize and connect local entrepreneurs, has left his firm and become an Entrepreneur-In-Residence at Trinity Ventures, one of Billshrink's backers, Pha... READ MORE...
posted on Tuesday, June 1, 2010
Move Networks Raises $3.0M, Sets Up Shop In Irvine
Move Networks, a developer of adaptive streaming technology used to stream high definition television over the Internet, has raised $3.0M in a funding round, part of what appears to be a $20M targeted fundraising effort, and also set up its... READ MORE...
posted on Thursday, May 27, 2010
Zeebo Lands $8M More
San Diego-based Zeebo, a developer of a wireless gaming console, has raised another $8M in funding, according to a regulatory filing by the firm. No details on the funding have been announced by the company. Zeebo has previously scored fund... READ MORE...
posted on Wednesday, May 26, 2010
Open Angel Forum Eyes Boston
The Open Angel Forum, the new angel investment group started by Mahalo's Jason Calacanis, has set its eyes on Boston for a new chapter of the group. According to the OAF, it has set up an event in Boston for June 18th, where it will look to... READ MORE...
posted on Wednesday, May 26, 2010
ClariPhy Nabs $24M
Irvine-based ClariPhy Communications, a developer of mixed signal, digital signal processing semiconductors for the optical market, announced this morning that it has raised $24M in a Series C funding round. The round included new strategic... READ MORE...
posted on Wednesday, May 26, 2010
ReVision Optics Raises $35M
Lake Forest-based ReVision Optics, a firm developing implantable lenses for correcting vision, announced Tuesday that it has raised $35M. The round was led by ProQuest Investments, and also included Domain Associates, Canaan Partners, and I... READ MORE...
posted on Tuesday, May 25, 2010
AuctionPoint Gets Investment From MySpace Co-Founder
Marina del Rey-based AuctionPoint, which operates an online auction service for commercial real estate, said today that it has received a strategic investment from Tom Anderson, co-founder of MySpace. Financial terms of the deal were not di... READ MORE...
posted on Tuesday, May 25, 2010
Evertune Raises $800K For Guitar Tuning Gadget
Los Angeles-based EverTune, which has developed technology to automatically keep guitars in tune, has raised $800,000 in a seed funding round, the firm said today. The firm said the funding came from William Quigley, Brock Pierce, Dave Weid... READ MORE...
posted on Tuesday, May 25, 2010
Gaikai Gets $10M More
Los Angeles-based Gaikai, which is developing technology which allows computer gamers to play computer games online through their web browser, said today that it has raised more than $10M in a Series B funding round. The round came from Tri... READ MORE...
posted on Monday, May 24, 2010
Cocodot Gets $2.0M
Hollywood-based Cocodot, an online site which provides online invitations and stationery, has raised $2.0M more in funding, according to reports. The funding comes from Anthem Ventures, the Mailroom Fund, and Rincon Venture Partners. Cocodo... READ MORE...
posted on Friday, May 21, 2010
Tesla Motors Bypasses Downey In Deal With Toyota
In a loss for Southern California's burgeoning electric car industry, Tesla Motors said Thursday evening that it has selected not Downey or Long Beach, but instead, Silicon Valley city Fremont as the location of its manufacturing facility f... READ MORE...
posted on Friday, May 21, 2010
Tech Coast Angels Ups Funding In Five Firms, Sees New Deals
The Tech Coast Angels, Southern California's largest angel investor group, told its sponsors and members this week that it invested in five follow-on deals in Q1, investing a total of $11.5M, and just made three additional investments in fi... READ MORE...
posted on Wednesday, May 19, 2010
Giiv Ups Funding To $3.35M
Los Angeles-based Giiv, a mobile gifting service which allows users to text message gifts to their friends, has upped its funding to $3.35M in its latest venture round, according to a filing by the firm Wednesday. Source of the new funding ... READ MORE...
posted on Wednesday, May 19, 2010
Paragon Airheater Technologies Snags Funding
Corona-based Paragon Airheater Technologies, a developer of technology to reduce fuel consumption and carbon emissions in fossil fuel power generation plants, has raised a round of funding, according to Costa Mesa-based venture capital firm... READ MORE...
posted on Wednesday, May 19, 2010
CODA Raises $58M In Series C Funding
Santa Monica-based electric car manufacturer CODA announced this morning that it has raised another $58M in funding, as part of a Series C investment round. According to the firm, the round was led by Aeris Capital, and also included EDB In... READ MORE...
posted on Wednesday, May 19, 2010
ReVision Optics Sees $35M
Lake Forest-based ReVision Optics, a developer of implantable lenses for treating presbyopia, has received $35.0M in a new round of venture funding, according to a regulatory filing by the firm Tuesday. Details on the funding have not yet b... READ MORE...
posted on Tuesday, May 18, 2010
Titan Gaming Rounds Up $1M From Who's Who Of LA Tech Investors
Los Angeles-based Titan Gaming is announcing this morning that it has scored $1M in an angel funding round, from notable local angel investors. According to Titan, it is focused on developing a "complete" gaming platform for skill-based mat... READ MORE...
posted on Tuesday, May 18, 2010
Solarflare Raises $20.14M
Irvine-based Solarflare, a developer of 10 Gigabit Ethernet semiconductors, has just raised $20.14M more in venture funding, according to a regulatory filing from the firm today. According to the filing, the new funding came from a total of... READ MORE...
posted on Monday, May 17, 2010
Enclarity Gets Investment From Emdeon
Aliso Viejo-based Enclarity, a developer of healthcare information solutions, recently received an investment from Nashville, Tennessee-based Emdeon. Financial terms of the investment were not announced, however, Emdeon said that the minori... READ MORE...
posted on Thursday, May 13, 2010
Sequent Medical Raises $15.6M
Aliso Viejo-based Sequent Medical, a firm focused on medical devices for treating neurovascular disease, said Thursday that it has raised $15.6M in a Series B funding round. The funding was led by Domain Associates, and also included Versan... READ MORE...
posted on Thursday, May 13, 2010
Rubicon Project: 25 Percent Growth In Ad Spending In Q1
Los Angeles-based Rubicon Project is reporting today that there was a 25 percent, year-over-year growth in online ad spending, according to the firm's Q1 2010 Online Advertising Market Report. The firm, which has been analyzing Internet adv... READ MORE...
posted on Thursday, May 13, 2010
Sequenom Gets $51.6M In PIPE
San Diego-based Sequenom, a developer of genetic analysis technology, said Wednesday that it has raised $51.6M in a private placement, from undisclosed investors. According to the firm, the new funding will go to advance research, developme... READ MORE...
posted on Wednesday, May 12, 2010
Mindflash Hires Mint.com Vet, Launches Private Beta
Santa Barbara-based Mindflash.com, a provider of online training software for small businesses, said today that it has named Donna Wells as its new President and CEO. Wells was most recently CMO of Mint.com. The firm--which offers self-driv... READ MORE...
posted on Wednesday, May 12, 2010
Astute Medical Finds $26.5M
San Diego-based Astute Medical, a developer of biomarker-based medical diagnostics products, has raised $26.5M in a Series B funding round, the firm said yesterday. The round was co-led by Domain Associates and Delphi Ventures. According to... READ MORE...
posted on Tuesday, May 11, 2010
SocialVibe Raises $11.65M
West Hollywood-based SocialVibe, an online site which combines social media with support for brands and charities, has raised $11.65M in a Series C funding round, according to a regulatory filing by the firm Monday. No details on the fundin... READ MORE...
posted on Tuesday, May 11, 2010
Ad.ly Raises $5M
Los Angeles-based Ad.ly, the Twitter advertising firm headed by Sean Rad, is announcing today that it has raised $5M in a new round of financing. The round comes from GRP Partners, Greycroft Ventures, and Matt Coffin, the founder of LowerMy... READ MORE...
posted on Tuesday, May 11, 2010
Integrien Raises $8M
Irvine-based Integrien, a developer of performance analytics software, said today that it has raised another $8.0M in a new funding round. According to the firm, the round was led by Clearstone Venture Partners, and also included Acartha Gr... READ MORE...
posted on Tuesday, May 11, 2010
Row 44 Gets $27.75M More
Westlake Village-based Row 44, the developer of in-flight, wireless access systems run by John Guidon, has raised another $27.75M, as part of an ongoing $60M funding round, according to a regulatory filing from the firm today. Row 44, which... READ MORE...
posted on Monday, May 10, 2010
Southern California Firms Drive Surge In Electric Car Investments
A new analysis of Q1, 2010 venture capital investments finds that two Southern California companies drove a 490 percent increase in Clean Technology Industrial Products & Services for the quarter. According to Ernst & Young, which analyzed ... READ MORE...
posted on Friday, May 7, 2010
Luis Villalobos Award Given To Startup
The first, national Luis Villalobos Award, named after deceased Tech Coast Angels founder Luis Villalobos, was given yesterday by the Angel Capital Association, to a startup based in Seattle. According to the ACA, it awarded Modumetal, a de... READ MORE...
posted on Friday, May 7, 2010
Exopolis Acquired By Venture Firm
Los Angeles-based Exopolis, a creative agency whose clients include Rhapsody, Apple, Coca-Cola, Nokia, Disney, and others, has been acquired by venture capital firm Austin Ventures, the firm said this week. Financial terms of the deal were ... READ MORE...
posted on Thursday, May 6, 2010
Optimer Pharmaceuticals Names CEO
San Diego-based Optimer Pharmaceuticals, a biopharmaceuticals firm focused on antibiotics, said today that it has appointed Pedro Lichtinger as its new President and CEO. Lichtinger replaces Michael N. Chang, co-founder of the firm, who wil... READ MORE...
posted on Thursday, May 6, 2010
Transphorm Takes $20.2M From KCPB
Goleta-based Transphorm, a stealth-mode firm developing hydrogen generating technology for the clean energy market, has raised $20.2M in a venture funding, according to a regulatory filing by the firm today. Source and details of the fundin... READ MORE...
posted on Wednesday, May 5, 2010
Fisker Funding Target Up To $174.9M
Irvine-based electric vehicle maker Fisker Automotive has now pulled in $100.7M in its latest funding round, now targeted at $174.9M, according to a regulatory filing from the firm today. The firm announced commitments for $115.3M in privat... READ MORE...
posted on Wednesday, May 5, 2010
EcoMom Launches Green Shopping Site With Backing From Dave McClure
Los Angeles-based EcoMom.com, a new site focused on "green" parenting and shopping, launched this morning, saying it will offer environmentally friendly products, community resources, and expert advice. The firm--which was originally known ... READ MORE...
posted on Wednesday, May 5, 2010
ADVENTRX Pharmaceuticals Gets $19.2M
San Diego-based ADVENTRX Pharmaceuticals, a publicly held developer of cancer treatments, said today that it is in a private placement where it will receive $19.2M in a Series F convertible preferred stock round. Source of the new funding w... READ MORE...
posted on Monday, May 3, 2010
InTouch Health Gets $10M, Eyes Public Markets
Santa Barbara-based InTouch Technologies, a developer of remote presence systems used for the healthcare industry, announced today that it has raised $10M in a private placement. The round came from Beringea, via its InvestMichigan! Growth ... READ MORE...
posted on Monday, May 3, 2010
Altra Biofuels Spinoff EdenIQ Gets $12.4M
EdenIQ, the biofuels yield enhancement technology firm that is a spinout of Los Angeles-based Altra Biofuels, has scored a $12.4M venture funding round. According to EdenIQ, the Series B funding round was led by Draper Fisher Jurvetson, and... READ MORE...
posted on Friday, April 30, 2010
Schrodinger Gets Investment From Bill Gates
Schrodinger, a firm focused on computational drug design for the pharmaceuticals and biotechnology research industry, announced today that Bill Gates--through his investment firm, Cascade Investment--has invested in the company. The firm, w... READ MORE...
posted on Thursday, April 29, 2010
Global Venture Capital Investment Up 13 Percent
A new report this morning from Dow Jones VentureSource find that global venture capital investing is up 13 percent in the first quarter of 2010, as the market for investment rebounded. According to Dow Jones, there was $7 billion invested i... READ MORE...
posted on Thursday, April 29, 2010
Everbridge Raises $3.2M
Glendale-based Everbridge, a provider of mass notification systems for corporations, schools, governments, and others, has raised $3.25M in an ongoing, $4.0M venture round, according to a regulatory filing from the firm this week. Details o... READ MORE...
posted on Thursday, April 29, 2010
ShoeDazzle.com Gets $13M
Los Angeles-based ShoeDazzle.com, and online site focused on women's fashion and celebrity stylist Kim Kardashian, said today that it has raised $13M in a growth financing round. The round was led by Lightspeed Venture Partners, and also in... READ MORE...
posted on Tuesday, April 27, 2010
TheWrap.com Gets $2M
Hollywood-based TheWrap.com, an online blog focused on the business of Hollywood, has raised $2M in a second round of funding, according to the company. TheWrap said that the funding was led by Maveron, along with other investors. TheWrap w... READ MORE...
posted on Monday, April 26, 2010
The Trade Desk Adds Investor
Ventura-based The Trade Desk, the online advertising ad exchange headed by AdECN vet Jeff Green, has added another investor to its recent funding. According to New York-based Wider Wake Networks, it invested more than a half a million dolla... READ MORE...
posted on Thursday, April 22, 2010
Aragon Pharmaceuticals Raises $22M
San Diego-based Aragon Pharmaceuticals, a developer of treatments for hormonally driven cancers, said today that it has raised $22M in a Series B funding. The funding came from Aisling Capital, OrbiMed Advisors, and the Column Group. As par... READ MORE...
posted on Thursday, April 22, 2010
OpenCandy Raises $5M More
San Diego-based OpenCandy, a developer of products which software publishers can include to recommend other software products and services to their users---and which earns those software publishers advertising revenue, has raised $5M in a S... READ MORE...
posted on Wednesday, April 21, 2010
Amonix Scores $129.4M From Kleiner Perkins, Others
Seal Beach-based Amonix, a designer and manufacturer of concentrated, photovoltaic solar power systems, announced today that it has raised $129.4M in a Series B funding round, led by Kleiner, Perkins, Caufield & Byers. According to Amonix, ... READ MORE...
posted on Wednesday, April 21, 2010
CardioPolymers Adds $1.35M
Laguna Hills-based CardioPolymers, a developer of an implantable device for treating congestive heart failure, has added $1.35M to its venture funding, according to numbers from the latest PricewaterhouseCoopers/NVCA quarterly venture capit... READ MORE...
posted on Tuesday, April 20, 2010
Imagine Communications Raises $10M
San Diego-based Imagine Communications, a developer of digital video products for the TV broadcast market, announced today that it has raised $10M in a round of expansion financing. The round came from existing investors Court Square Ventur... READ MORE...
posted on Tuesday, April 20, 2010
Overtone Gets $7M More
Overtone, a developer of social media monitoring software for consumer brands, announced this week that it has raised $7M in a Series C funding round. The firm--which is based in San Francisco, but has its finance, R&D, and client services ... READ MORE...
posted on Tuesday, April 20, 2010
Clearstone's Sumant Mandal On Exits, Opportunities
Over the last few months, Santa Monica-based Clearstone Ventures (www.clearstone.com) has had a number of high profile exits in its portfolio. We sat down with Sumant Mandal, Managing Director at Clearstone, and who has been closely involve... READ MORE...
posted on Tuesday, April 20, 2010
Sotera Wireless Raises $10.75M
San Diego-based Sotera Wireless, a developer of patient monitoring technology, announced Monday afternoon that it has raised $10.75M in a strategic investment round. The round was led by West Family Holdings, LLC, and also included prior in... READ MORE...
posted on Monday, April 19, 2010
eSolar Takes $20M More
Pasadena-based eSolar, the solar thermal technology developer backed by Idealab, Google, Quercus Trust, ACME Group, NRG Energy, and Oak Investment Partners, has raised $20M in an unannounced funding round, according to numbers from the late... READ MORE...
posted on Monday, April 19, 2010
Clicker Gets $2.0M More
Los Angeles-based Clicker.com, the online video programming guide firm headed by former Ask.com CEO Jim Lanzone, has raised an additional $2.0M in its Series B funding, according to a regulatory filing from the firm Friday. Source of the ad... READ MORE...
posted on Friday, April 16, 2010
Southern California Investments On Uptick, Totals $686.5M For Q1
Southern California venture capital investments totaled $686.5M for the quarter, up from both Q4 of last year as well as the comparable Q1 quarter in 2009, according to the latest numbers from PricewaterhouseCoopers and the NVCA. According ... READ MORE...
posted on Thursday, April 15, 2010
Munchkin Lands $45M
North Hills, California-based Munchkin, a designer and manufacturer of infant and toddler products and toys, has raised $45M in a minority investment from the Ontario Teachers' Pension Plan, according to a regulatory filing from the firm to... READ MORE...
posted on Thursday, April 15, 2010
Cramster Gets $6M
Pasadena-based Cramster.com, which operates an online homework help web site, is announcing today that it has raised $6M in a Series B funding. The funding came from Primera Capital. As part of the funding, Ori Sasson of Primera is joining ... READ MORE...
posted on Wednesday, April 14, 2010
Greycroft Raises $130.7M For Digital Media Fund
Greycroft Partners, a digital media venture capital fund which is active in both Los Angeles and New York, said this morning that it has closed a $130.7M, second fund, Greycroft II. The firm--which is headed in LA by Dana Settle--said the n... READ MORE...
posted on Wednesday, April 14, 2010
Allylix Rounds Up $3M More
San Diego-based Allylix, which is developing chemical products for the flavor and fragrance industry, said yesterday that it has closed out its Series C funding round at $9M. The firm had closed an initial $6M in its Series C round February... READ MORE...
posted on Wednesday, April 14, 2010
AltheaDx Raises $6M
San Diego-based AltheaDx, a developer of molecular diagnostics products, has raised $6M in a Series A round, the firm revealed today. The firm said the round was led by Telegraph Hill Partners. AltheaDx is focused on developing diagnostic t... READ MORE...
posted on Tuesday, April 13, 2010
TweetPhoto Gets $2.6M
San Diego-based TweetPhoto, an online site which allows users to share photos through Twitter, Facebook, LinkedIn, FourSquare, and other social networking sites, said today that it has raised $2.6M in a Series A funding round. The round was... READ MORE...
posted on Tuesday, April 13, 2010
mEgo Gets $833K
Los Angeles-based mEgo, the firm headed by Julia Johnston and Ariel McNichol, and develops software for creating personalized "avatars," has raised $833,025 in a Series A funding round targeted at $1.5M. The funding came to light through a ... READ MORE...
posted on Monday, April 12, 2010
TweetUp Launches Out Of Idealab, Gets Funding
Pasadena-based Idealab has launched a new company, TweetUp, which focused on showcasing Twitter users and helping them to grow an online following. According to TweetUp, Inc., its new Twitter marketplace was founded by Idealab's Bill Gross,... READ MORE...
posted on Monday, April 12, 2010
EdgeCast Networks Raises $10M
Santa Monica-based EdgeCast Networks, a content delivery network (CDN) provider, is announcing today that it has raised $10M in a Series C funding round. EdgeCast said the round was led by Menlo Ventures, and also includes an investment fro... READ MORE...
posted on Monday, April 12, 2010
Amplyx Pharmaceuticals Gets $1.5M
San Diego-based Amplyx Pharmaceuticals announced Thursday that the firm has raised $1.5M in a Series A funding round. According to the firm, the round came from Golden Seeds, a nationwide angel group investing in women-led companies, with p... READ MORE...
posted on Friday, April 9, 2010
Druva Raises Funding, Heads to Santa Monica
Druva Software, a developer of continuous data protection and disaster recovery products, announced today that it has raised $5M in a Series A funding round, and will be setting up its corporate headquarters in Santa Monica. According to Dr... READ MORE...
posted on Wednesday, April 7, 2010
CyberDefender Gets $5M In Debt Financing
Los Angeles-based CyberDefender, the developer of PC security and antispyware/antivirus software, announced today that it has received $5M in a debt financing round from strategic investor GR Match, an affiliate of Guthy-Renker. According t... READ MORE...
posted on Tuesday, April 6, 2010
Q1 Southern California Venture Deals Rise To Around $1.4B
A quick analysis of venture capital deals in Q1, tracked by socalTECH, finds that there was around $1.4 billion in venture activity here in Q1, up significantly from around $997M tallied in Q4. The information--gleaned from funding announce... READ MORE...
posted on Monday, April 5, 2010
Amonix Hits $104.4M In Funding Efforts
Torrance-based Amonix, a developer of concentrated photovoltaic power generation systems for the utility industry, has hit $104.4M in an equity fundraising effort, according to a regulatory filing by the firm this week. The filing indicates... READ MORE...
posted on Thursday, April 1, 2010
First Quarter IPOs Beat All Of 2009
IPOs in the first three months of the year handily beat all of 2009, as eight U.S., venture backed companies raised $711M in offerings, according to an analysis by Dow JOnes VentureSource today. According to Dow Jones, those eight IPOs matc... READ MORE...
posted on Thursday, April 1, 2010
IO Semiconductor Finds $1.0M
San Diego-based IO Semiconductor, a semiconductor firm which is one of the firms in the CommNexus EvoNexus incubator program, has raised $1.0M in a funding round, according to a regulatory filing by the firm this week. According to the fili... READ MORE...
posted on Thursday, April 1, 2010
Clean Technology Deals Hit $1.9B In Q1
Clean technology venture capital deals hit $1.9 billion, across 180 clean technology companies in Q1, according to a report released yesterday by the Cleantech Group and Deloitte. According to the report, the investment represent a new reco... READ MORE...
posted on Thursday, April 1, 2010
Clearstone Gets Big Win With Meru
Santa Monica-based venture capital firm Clearstone Ventures was among the big winners Wednesday in the IPO debut of Sunnyvale-based Meru Networks, a developer of virtual wireless LAN products. Meru had an IPO on the NASDAQ Global Market und... READ MORE...
posted on Wednesday, March 31, 2010
Aptera Raises $9.8M
Vista-based electric vehicle manufacturer Aptera Motors has raised $9.8M in an equity funding round, according to a filing from the firm today. Source of the new funding was not disclosed, however, the firm has previously raised funding fro... READ MORE...
posted on Wednesday, March 31, 2010
Burstly Snags $1.8M For Mobile Ad Tools
Los Angeles-based Burstly announced Tuesday afternoon that the firm has raised $1.8M in a venture funding. The funding round came from GRP Partners and Rincon Ventures. Mark Suster at GRP lead the firm's investment, with Jim Andelman headin... READ MORE...
posted on Tuesday, March 30, 2010
CODA Automotive Gets $394M For Battery Systems
Santa Monica-based CODA Automotive announced Tuesday afternoon that it has scored $394M in funding for the firm's electric battery efforts. According to CODA, $100M in equity funding comes from joint venture partner Lishen Power Battery, wi... READ MORE...
posted on Tuesday, March 30, 2010
Reverse Medical Raises $14M
Irvine-based Reverse Medical Corporation, a developer of microcatheters for treating neurovascular disorders, announced today that it has raised $14M in a Series B funding round. The firm said that the new funding came from Wexford Capital,... READ MORE...
posted on Tuesday, March 30, 2010
Smish Gets $2.0M
Aliso Viejo-based Smi.sh, a developer of what looks to be a software environment for converting iPhone and other mobile apps to the desktop, said Monday that it has raised $2.0M in funding from undisclosed investors. The firm claimed that i... READ MORE...
posted on Tuesday, March 30, 2010
Fulcrum Micro Raises $15M
Calabasas-based Fulcrum Microsystems, which develops high speed switching semiconductors, has raised $15.02M in a funding round, according to a regulatory filing by the firm earlier this month. No details on the funding have been released b... READ MORE...
posted on Monday, March 29, 2010
Interview with Jeff Green, The Trade Desk
Last week, Ventura-based The Trade Desk (www.thetradedesk.com) announced a $2.5M funding round. The firm's CEO and founder, Jeff Green, was a co-founder of AdECN, the Internet advertising exchange acquired in 2007 by Microsoft. We talked wi... READ MORE...
posted on Monday, March 29, 2010
Cyntellect Raises $3.0M
San Diego-based Cyntellect, a developer of cytometry equipment, has raised $3.0M in a new funding round, according to a regulatory filing from the firm earlier this week. Details on the funding have not been disclosed by the company. Cyntel... READ MORE...
posted on Thursday, March 25, 2010
ICanBuy Gets Series A Funding
Santa Ana-based ICanBuy, which develops online tools for helping consumers determine what they can afford on their mortgage, said this week that it has raised a Series A funding round. Financial terms of the investment were not disclosed. ... READ MORE...
posted on Thursday, March 25, 2010
Materia Raises $11.75M
Pasadena-based Materia, which is commercializing olefin metathesis catalyst technology developed by Caltech Nobel Prize winner Robert H. Grubbs, has raised $11.75M in a funding round, according to a regulatory filing by the firm today. Sour... READ MORE...
posted on Thursday, March 25, 2010
Orange County's OCTANe, OCVG Merge
Two major orange county technology advocacy and business groups, OCTANe and the Orange County Venture Group (OCVG) said today that they have merged their organizations. According to OCTANe and OCVG, all operations and program management wil... READ MORE...
posted on Thursday, March 25, 2010
Genomatica Raises $15M
San Diego-based Genomatica, a developer of chemical processes based on bio-manufacturing, has raised $15M in a Series C funding round, the firm announced today. According to the firm, the new funding was led by TPG Biotech, and also include... READ MORE...
posted on Thursday, March 25, 2010
Taltopia Launches iPhone, Android Apps, Seeks Funding
Los Angeles-based Taltopia, an angel backed, online social networking site focused on Hollywood, said today that it has launched both Apple iPhone and Google Android applications. According to the firm, the application allows users to apply... READ MORE...
posted on Thursday, March 25, 2010
Report: Redpoint's Martin Leaving Firm
Greg Martin, the partner heading up Redpoint Ventures' Los Angeles office, has reportedly left the firm, according to a report from the Private Equity Insider. Martin is no longer listed on Redpoint's web site, was not listed in its latest ... READ MORE...
posted on Wednesday, March 24, 2010
KidZui Gets $4M
San Diego-based Kidzui, which develops a kid-friendly web browsers, has raised $4M in a funding, according to reports. The round was led by new investor Mission Ventures, and also included prior backers First Round Capital, Emergence Capita... READ MORE...
posted on Wednesday, March 24, 2010
The Trade Desk Raises $2.5M
Ventura-based The Trade Desk, a new online Internet advertising exchange firm headed by AdECN co-founder Jeff Green, has raised $2.5M in a venture funding round. The funding came from the Founders Collective and IA Ventures, led by Roger Eh... READ MORE...
posted on Tuesday, March 23, 2010
Insights and Opinions: Top Ten Lies Angels Tell
For our Insights and Opinions section today, Frank Peters--angel investor and podcaster at the Frank Peters Show--offers up his take of Guy Kawasaki's Top Ten Lies of Venture Capitalists. 1. "That was a good presentation!" I have to... READ MORE...
posted on Monday, March 22, 2010
Gc-Free Raises $700K
Vista-based Gc-Free, a firm developing diagnostic tools to predict risks of colon, prostate, breast and other cancers, has raised $700,000 in an equity funding, according to a regulatory filing by the firm today. Source of the funding was n... READ MORE...
posted on Monday, March 22, 2010
Red 5 Studios Gets $20M Investment
Aliso Viejo-based Red 5 Studios, a developer of online games, and Chinese game developer The9 Limited, said today that Red 5 has received a $20M investment from The9. The investment gives The9 a majority interest in Red 5. Red 5's executive... READ MORE...
posted on Monday, March 22, 2010
Avaak Raises $10M
San Diego-based Avaak, a developer of lower power, wireless video networking technology, announced today that it has raised $10M in a Series B funding. The funding was led by Qualcomm, and also included prior investors Trinity Ventures, Int... READ MORE...
posted on Monday, March 22, 2010
Elcelyx Therapeutics Gets $1.2M
San Diego-based Elecelyx Therapeutics, a stealth mode biotech firm, has raised $1.2M in a funding round, which includes Morgenthaler Ventures, according to a regulatory filing this week. Details on the funding have not been announced by the... READ MORE...
posted on Friday, March 19, 2010
EMN8 Raises $14.4M
San Diego-based EMN8, a developer of order taking kiosks for the fast food industry, has raised $14.4M in a funding round, according to a regulatory filing by the firm this week. The funding has not been announced by the company. EMN8 is ba... READ MORE...
posted on Wednesday, March 17, 2010
AuctionPoint Gets Investment From LoopNet
Marina Del Rey-based AuctionPoint, which operates an online service for helping property brokers auction off commercial real estate, has received a strategic investment from LoopNet, LoopNet said today. San Francisco-based LoopNet operates ... READ MORE...
posted on Wednesday, March 17, 2010
SAIL Venture Partners Ups Commitments To $80.65M
Costa Mesa-based SAIL Venture Partners, a venture capital firm focused on clean technology, has upped its commitments in Sail Venture Partners II from limited partners to $80.65M, according to a regulatory filing from the firm today. The fi... READ MORE...
posted on Monday, March 15, 2010
Magento Raises $22.5M
Los Angeles-based Magento Commerce, a developer of open source, e-commerce software tools, has raised $22.5M in an equity funding round, according to a regulatory filing by the firm today. Source of the new funding was not disclosed. Magent... READ MORE...
posted on Monday, March 15, 2010
Sonos Gets $25M In Series C
Santa Barbara-based Sonos, which develops multi-room, digital music systems, confirmed today that it has raised $25M in a Series C round of funding. The funding came from Index Ventures, with Mike Volpi of Index joining the company's board ... READ MORE...
posted on Friday, March 12, 2010
AdventureLink Raises $1.29M
Altadena-based AdventureLink, which operates an online marketplace for adventure and eco tour operators and trips, appears to have raised $1.29M in a new funding round, according to a regulatory filing. Source of the new funding was not dis... READ MORE...
posted on Wednesday, March 10, 2010
JMI Equity Gets Win With Nimsoft Acquisition
La Jolla-based private equity firm JMI Equity has scored a major win, as Computer Associates said Wednesday afternoon that it would acquire portfolio firm Nimsoft, a maker of IT management software. CA said it would pay $350M for Nimsoft, w... READ MORE...
posted on Wednesday, March 10, 2010
Audiolife Gets $1M In Bridge Funding
Van Nuys-based Audiolife, a firm that develops tools and technology to sell merchandise to music fans, announced today that it has raised $1M in a bridge round of funding. The firm said the round came as a single-tranche note, convertible t... READ MORE...
posted on Wednesday, March 10, 2010
Study: $48 Billion In Value Created Over 15 Years In SoCal IT VC-Backed Firms
A new study of the financial outcomes for Southern California venture-backed companies in the IT sector finds that approximately $48 billion in value has been created by those companies over the period 1995-2009. The study, conducted by Jon... READ MORE...
posted on Wednesday, March 10, 2010
Chumby Gets $1.0M More
San Diego-based Chumby, a maker of Internet-connected clock radio devices, has raised another $1.0M in funding, according to a regulatory filing from the firm today. The filing indicates the funding is part of an ongoing, $5.0m funding roun... READ MORE...
posted on Tuesday, March 9, 2010
Broadcom Invests In Tilera
Irvine-based Broadcom has invested in Tilera, a developer of high performance, multicore processors. Financial terms of the investment were not disclosed. According to Tilera, Broadcom Senior Vice president of Infrastructure Technologies, N... READ MORE...
posted on Monday, March 8, 2010
US Renewables Group Launches Wind Power Firm
Santa Monica-based US Renewables Group, a private equity firm focused on renewable power, biofuels, and clean technology, said this morning it has created a new company, Westerly Wind LLC, to provide capital and expertise to developers of w... READ MORE...
posted on Monday, March 8, 2010
Citysearch Invests In OrangeSoda, Launches Online Local Advertising Service
West Hollywood-based Citysearch, the online local business guide owned by IAC, announced today that it has launched a new online advertising service for local businesses called CityGrid Complete. According to Citysearch, it made an investme... READ MORE...
posted on Monday, March 8, 2010
Maverick Angels Eyes Utah For New Chapters
Maverick Angels, the angel investment group headed here by John Dilts, told its members today that it is launching two new chapters in the state of Utah. The group said its will open a chapter in Provo and Salt Lake City, Utah, to be headed... READ MORE...
posted on Thursday, March 4, 2010
MySpace Founders Head North In Casual Gaming Deal
MySpace founders Chris DeWolfe, Colin Digiaro, and Aber Whitcomb are taking the reins at a casual and social gaming venture called MindJolt, which announced its funding Wednesday. The new firm, based out of San Francisco, is being funded by... READ MORE...
posted on Thursday, March 4, 2010
Perfect Market Confirms $6M Fundraising
Altadena-based Perfect Market, which is developing technology to help publishers monetize their long tail content, confirmed today that it has raised $6M in a Series C funding round. The firm said the round was led by Tribune Company, and a... READ MORE...
posted on Wednesday, March 3, 2010
Perfect Market Gets $6.0M
Pasadena-based Perfect Market, a provider of software which enables monetization of long tail content of publishers such as newspapers, has raised $6.0M in a funding round, according to a recent regulatory filing by the firm. No details on ... READ MORE...
posted on Tuesday, March 2, 2010
Teledyne Invests In Optical Alchemy
Thousand Oaks-based Teledyne Technologies announced today that it has acquired a minority interest in Optical Alchemy, a Nashua, New Hampshire-based designer and manufacturer of ultra-light electro optical gimbal systems. Financial terms of... READ MORE...
posted on Tuesday, March 2, 2010
Awarepoint Gets $10M
San Diego-based Awarepoint, a developer of wireless remote monitoring services for hospitals, announced today that it has raised $10M in a expansion capital round. According to Awarepoint, the new round of funding was led by JAFCO Ventures,... READ MORE...
posted on Monday, March 1, 2010
Tech Coast Angels: 7 New Deals, 17 Follow-On Investments In 2009
The Tech Coast Angels said today that the angel group invested in seven new deals, and seventeen follow-on deals in 2009, a total of $4.7M in investments. The group said that as part of those deals, its portfolio companies raised an additio... READ MORE...
posted on Monday, March 1, 2010
Music Mastermind Raises $4.85M
Los Angeles-based Music Mastermind, a firm which develops music creation products, said this week that it has raised $4.85M in Series A funding. Source of the new funding was not disclosed. The firm said it was co-founded by Virgin Records ... READ MORE...
posted on Thursday, February 25, 2010
LowerMyBills' Coffin Joins Venture Firm
Matt Coffin, the founder of Los Angeles-based LowerMyBills and an active angel investor in Southern California, has joined venture capital firm Split Rock Partners as a Venture Advisor, the venture firm said this week. Split Rock, which is ... READ MORE...
posted on Wednesday, February 24, 2010
Steamboat Boosts Chinese Advertising Firm
Burbank-based Steamboat Ventures, the venture capital firm backed by Walt Disney Co., has invested in a Chinese provider of online advertising. According to Beijing-based Yoyi Media, it received a Series A investment on undisclosed size fro... READ MORE...
posted on Wednesday, February 24, 2010
Castle Access Gets Investment For Data Centers
San Diego-based Castle Access, a provider of enterprise data center services, said today that it has received a multi-million dollar, strategic equity financing. The amount of the investment was not disclosed. The firm said the equity fundi... READ MORE...
posted on Wednesday, February 24, 2010
Newport Media Raises $15M More
Lake Forest-based Newport Media, which develops semiconductors for the mobile TV market, announced today that it has raised $15M in a Series D funding round. The round was led by Pinnacle Ventures and also included prior investors Benchmark... READ MORE...
posted on Wednesday, February 24, 2010
CFX Battery Gets $14.2M
Asuza-based CFX Battery, a Caltech spinout developing battery systems, is announcing today that it has raised $14.2M in additional funding. The firm said the Series B round came from CMEA Capital, Harris & Harris, Schlumberger and US Ventur... READ MORE...
posted on Wednesday, February 24, 2010
Broadcom Links With $3.5B Intel Jobs Effort
Irvine-based Broadcom is backing a $3.5 billion effort by microprocessor giant Intel, to invest in U.S. companies and spur new hiring at local companies. According to Intel, it has created a new group--the Invest in America Alliance which w... READ MORE...
posted on Tuesday, February 23, 2010
Qualcomm Ventures Into Smart Phone Firm
San Diego-based Qualcomm Ventures, the venture capital arm of Qualcomm, is the lead investor in a Bay Area smart phone firm, Visage Mobile. Visage is announcing today that it has raised $4.5M in a Series B financing. Other investors in the ... READ MORE...
posted on Tuesday, February 23, 2010
Clicker Tunes Into $11M More
Los Angeles-based Clicker Media, the firm developing online video programming guides for the Internet, said today that it has raised $11M more in a Series B investment round. The new funding was led by JAFCO Ventures, and also included prio... READ MORE...
posted on Thursday, February 18, 2010
ecoATM Gets Funding
San Diego-based ecoATM, a developer of automated kiosks for recycling cell phones and other electronics, said this morning that it has raised a first institutional round of funding. The round came from TAO Venture Partners, the new venture ... READ MORE...
posted on Wednesday, February 17, 2010
Tioga Pharmaceuticals Riases $18M
San Diego-based Tioga Pharmaceuticals said today that it has raised $18M in a new equity funding. The funding came from Forward Ventures, New Leaf Venture Partners, BB Biotech Ventures, and Genesys Capital Partners. According to Tioga, the ... READ MORE...
posted on Wednesday, February 17, 2010
Tunewiki Gains Investment, Hires Activision Vets
Tunewiki, a developer of a user-driven service which combines streaming music with music lyrics, said Tuesday that it has received a strategic investment from NTT DOCOMO. The firm has a U.S. office in Los Angeles, but is headquartered in th... READ MORE...
posted on Wednesday, February 17, 2010
WebVisible Raises $20M
Irvine-based WebVisible officially announced this morning that it has raised $20M in a Series C funding round. According to the firm, the round was led by Focus Ventures and Adams Street Partners, with existing investors Redpoint Ventures a... READ MORE...
posted on Tuesday, February 16, 2010
WebVisible Scores $20M
Irvine-based WebVisible, which helps local businesses place online advertising, has scored $20M in a new funding round, according to a recent regulatory filing from the firm. The round was led by Adams Street Partners, and also included Sut... READ MORE...
posted on Thursday, February 11, 2010
Allylix Raises $6M
San Diego-based Allylix, a developer of technology for producing fragrances and flavorings, announced today that it has raised $6M in a Series C funding round. The round was led by Midpoint Food & Ag Fund, as well as Avrio Ventures and Tate... READ MORE...
posted on Wednesday, February 10, 2010
Craton Equity Partners Boosts Biofuels Station Operator
Los Angeles-based venture fund Craton Equity Partners announced today that it has led an investment in Sacramento-based Propel Fuels, a retailer of alternative fuels for motor vehicles. Propel runs a number of alternative fueling stations i... READ MORE...
posted on Wednesday, February 10, 2010
IVT Gets $5.5M
Los Angeles-based IVT, the web casting firm run by Greg Pulier, has announced that it has raised $5.5M in a Series B funding. The firm said that the new funding for the company was led by Syncom Venture Partners, and also included investors... READ MORE...
posted on Tuesday, February 9, 2010
Redpoint Closes $400M Fund
Redpoint Ventures, said late Monday evening that the firm has closed on Redpoint IV,a $400M, early stage venture capital fund specifically aimed at the social and mobile Internet, cloud computing, and clean technology. The firm highlighted ... READ MORE...
posted on Tuesday, February 9, 2010
Fallbrook Wind Energy Spinout Gets $5M
A spinout of San Diego's Fallbrook Technologies, Viryd Technologies, announced today that it has raised $5M in an investment from a Chinese firm. Viryd, which is applying Fallbrook's continuous variable planetary transmissions to the wind t... READ MORE...
posted on Tuesday, February 9, 2010
PatientSafe Nabs $30M
San Diego-based PatientSafe Solutions, a developer of software and bar code systems used for management of patient and workflow management in hospitals, has reported raised $30M in a new round of funding. The funding was first reported by V... READ MORE...
posted on Monday, February 8, 2010
OrthAlign Gets $5.16M
Laguna Beach-based OrthAlign, a developer of medical devices for computer assisted surgery, has raised $5.16M in a Series A-2 funding round. Source of the funding was not announced by the firm, however, the firm has previously raised capita... READ MORE...
posted on Monday, February 8, 2010
Tragara Pharmaceuticals Snags $5M
San Diego-based Tragara Pharmaceuticals, a developer of biopharmaceuticals aimed at cancer and inflammation treatments, has raised another $5M in a funding round, according to a regulatory filing by the firm last week. The filing indicates... READ MORE...
posted on Monday, February 8, 2010
SoCal Second Place In 2009 Clean Technology Investments
A report released today by Ernst & Young finds that Southern California was number two in the nation in terms of clean technology investments for the year. According to the analysis of 2009 venture capital, based on data from Dow Jones Vent... READ MORE...
posted on Monday, February 8, 2010
Ranker Gets $750K
Los Angeles-based Ranker, an online web site which allows users to create their own lists, and share them with friends, said Thursday evening that the firm has raised $750,000 in a seed investment round, part of a planned $1M funding effort... READ MORE...
posted on Thursday, February 4, 2010
Factual Gains Funding, Names Investors
Santa Monica-based Factual, the new data focused startup run by Gil Elbaz, the co-founder of Applied Semantics, which invented Google's AdSense technology, is announcing the investors in the firm this evening. According to Elbaz, the firm h... READ MORE...
posted on Wednesday, February 3, 2010
Slacker Gets $2.0M In Debt Funding
San Diego-based Slacker, the personalized Internet radio service backed by Austin Ventures, Centennial Ventures, Mission Ventures, Rho Ventures, and Sevin Rosen Funds, has raised $2.0M in a debt funding round, according to a regulatory fili... READ MORE...
posted on Wednesday, February 3, 2010
Anthem Ventures Gets Exit At Siperian
Santa Monica-based Anthem Ventures, the venture capital firm run by Bill Woodward, has scored an exit with portfolio firm Siperian, as Informatica said last week that it would buy the maker of data integration software for $130M in cash. An... READ MORE...
posted on Tuesday, February 2, 2010
Bccthis Gets $500K, Launches Communications Tool
Los Angeles-based Bccthis, a startup developing software which connects Microsoft Outlook, Twitter, and BlackBerry smart phones, announced this morning that it has raised $500,000 in seed funding and launched a beta of its service. Source o... READ MORE...
posted on Tuesday, February 2, 2010
Equipois Wins Pitch Competition
Los Angeles-based Equipois, which develops ergonomic arm technology, was the winner of a fast pitch competition hosted by the Monte Jade Science & Technology Association last week at Caltech. Equipois, which is headed by Eric Golden, has de... READ MORE...
posted on Monday, February 1, 2010
ThisNext Buys Stylehive, Gains Funding
Santa Monica-based ThisNext announced this morning that it has acquired fashion and beauty site Stylehive, and raised a Series C round of funding. The firm did not disclose amount of the funding, however, a regulatory filing by the firm las... READ MORE...
posted on Monday, February 1, 2010
iChange Gets Funding, Names MacFarlane CEO
Fullerton-based iChange Networks, which operates online communities focused on major life changes, is announcing today that it has scored an initial round of funding, and named former InsiderPages CEO Stuart MacFarlane as CEO. Among of the ... READ MORE...
posted on Monday, February 1, 2010
ThisNext Gets $1.2M More
Santa Monica-based ThisNext, which operates an online social shopping site and community, has raised another $1.2M in venture funding, according to a regulatory filing from the firm Thursday. No details on the funding have been announced by... READ MORE...
posted on Thursday, January 28, 2010
TCA Stresses Mixers, New Website
The Tech Coast Angels is stressing its mixer program, seed investment efforts, and a new website, as it kicks off a 2010 program, according to the angel investing group. According to the Tech Coast Angels' Richard Sudek, Chairman of the TCA... READ MORE...
posted on Wednesday, January 27, 2010
SightCine Gets Seed Funding
Los Angeles-based SightCine, a developer of digital overlay projection technology, told socalTECH today that the firm has raised an initial round of seed funding. Amount of the funding and source was not disclosed. According to the firm, it... READ MORE...
posted on Wednesday, January 27, 2010
Neomend Raises $30M
Irvine-based Neomend, a developer of sealants for the surgical market, announced this morning that it has raised $30M in a Series D funding round. Neomend said the round was led by Clarus Ventures, which contributed $17M of the total round.... READ MORE...
posted on Wednesday, January 27, 2010
Quartics Gets $6.5M
Irvine-based Quartics, which is developing video processing chips, has raised $6.5M in a new round of funding, according to a regulatory filing by the firm today. Details on the funding have not yet been announced by the company. Quartics i... READ MORE...
posted on Tuesday, January 26, 2010
UNX Gains $7.6M
Burbank-based UNX, a developer of technology for the electronic trading and institutional investing market, raised $7.6M its recently announced strategic funding round, according to data from the PricewaterhouseCoopers/NVCA report this week... READ MORE...
posted on Tuesday, January 26, 2010
Pathology Inc.'s Take: $24.65M
The October funding of Torrance-based Pathology, Inc. was worth $24.65M, according to new numbers revealed over the weekend in the PricewaterhouseCoopers/NVCA MoneyTree report. According to the report, the firm raised $24.65M in Q4. The fir... READ MORE...
posted on Tuesday, January 26, 2010
Coraid Heads North After Getting Funding
Coraid, a developer of data storage blades, is moving its headquarters to the Bay Area, after raising $10M in funding. Coraid said today that it raised $10M in Series A funding from Allegis Capital and Azure Capital Partners, and is now hea... READ MORE...
posted on Monday, January 25, 2010
Mayfield Eyes Los Angeles Startups, Taps Ticketmaster's Moriarty
Bay area venture capital firm Mayfield Fund appears to be eyeing more investments in the Los Angeles area, with the addition of Sean Moriarty, the former CEO of Ticketmaster, as an Entrepreneur-in-Residence at the firm. According to Mayfiel... READ MORE...
posted on Monday, January 25, 2010
SharesPost Drops Subscription Fee
Santa Monica-based SharesPost, the online marketplace for buying and selling shares in private companies, told its users Friday afternoon that it is dropping its subscription fee. The firm said that it has eliminated the requirements that m... READ MORE...
posted on Friday, January 22, 2010
Hello Music Gets $4M
Los Angeles-based Hello Music, a new startup looking to help identify musicians and help them distribute their music, said Friday that it has raised $4M in a private equity funding. The funding came from KVG Partners. According to the firm,... READ MORE...
posted on Friday, January 22, 2010
VC Invest $587M In SoCal In Q4, But National Investments Drop 37 Percent In 2009
The latest numbers from the MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital Association (NVCA), based on data from Thomson Reuters, were released this morning, finding that there was $587.8M invested in Souther... READ MORE...
posted on Friday, January 22, 2010
USC Spinouts Raised $148M In Last Two Years, Says University
The University of Southern California is reporting today that spinouts out of the school have raised $148m in the last two calendar years (2008-2009), and that there are now at least 24 USC spinouts currently in business. The school--which ... READ MORE...
posted on Thursday, January 21, 2010
Elevation Pharmaceuticals Gains $30M
San Diego-based Elevation Pharmaceuticals, a biopharmaceuticals firm developing treatments for repiratory diseases, said Thursday that it has closed on $30M of Series A funding. The funding came from Canaan Partners, TPG Growth, Care Capita... READ MORE...
posted on Thursday, January 21, 2010
VYCON Gets $13.7M
Los Angeles-based VYCON, which manufactures high-speed, DC energy storage systems based on flywheel technology, said this morning that it has raised $13.7M in a new round of funding. The firm said the round was led by BankInvest Group, as w... READ MORE...
posted on Wednesday, January 20, 2010
US Healthworks Gains $175M
Valencia-based U.S. HealthWorks, an operator of occupational health care centers, said today that it has raised $175M in a combination of debt and equity. The firm said the funding will go towards its growth and acquisition strategy. The fu... READ MORE...
posted on Wednesday, January 20, 2010
Open Angel Forum Expands To Colorado
The Open Angel Forum, the new angel investment group run by Mahalo's Jason Calacanis, is expanding into Colorado with a new event, the group said Friday. The Colorado chapter is being headed up by David Cohen of TechStars, a Boulder-based i... READ MORE...
posted on Monday, January 18, 2010
Fisker Automotive Raises $115.3M
Irvine-based Fisker Automotive, the electric car maker run by Henrik Fisker, announced Friday evening that the firm has raised an additional $115.3M in private equity funding. The firm said the new funding comes to enable it to access a $52... READ MORE...
posted on Monday, January 18, 2010
Fisker Automotive In Deal With A123, Gets $23M
Irvine-based plug-in hybrid automobile developer Fisker Automotive has scored $23M in an investment, as part of a deal with lithium ion battery maker A123 Systems, the firms said Thursday morning. According to A123 Systems, it is in a batte... READ MORE...
posted on Thursday, January 14, 2010
Aliva Pharmaceuticals Raises $12.87M
Pasadena-based Aliva Pharmaceuticals, a firm developing animal systems for predicting human drug profiles, has raised $12.87M in funding, according to a recent regulatory filing by the firm. Source of the new funding was not disclosed. Acco... READ MORE...
posted on Thursday, January 14, 2010
Impact Radius Scores $6M
Santa Barbara-based Impact Radius, a developer of multi-channel, performance advertising technology, announced today that it has raised $6M in a venture funding round. The round was led by Redpoint Ventures. The firm said the funding went t... READ MORE...
posted on Thursday, January 14, 2010
VentiRx Gets $25M In Series A Extension
San Diego-based biopharmaceuticals firm VentiRx Pharmaceuticals said today that the firm has raised $25M in a Series A extension round. The firm, which is developing treatments for cancer, respiratory, and inflammatory disease, said the rou... READ MORE...
posted on Tuesday, January 12, 2010
Cynvenio Biosystems Gets Nearly $2M
Westlake Village-based Cynvenio Biosystems, a developer of high speed, bioseparation instruments for the life sciences market, has raised $1.96M in a Series B funding round, according to a regulatory filing by the firm today. Source of the ... READ MORE...
posted on Monday, January 11, 2010
Advanced Cardiac Therapeutics Raises $5M
Laguna Beach-based Advanced Cardiac Therapeutics, which develops advanced cardiac ablation systems, said this morning that it has raised $5M in a Series B funding. According to the firm, the funding was led by NBGI Ventures. The firm said t... READ MORE...
posted on Monday, January 11, 2010
Tandem Diabetes Nabs $31M
San Diego-based Tandem Diabetes, a developer of insulin pumps, has raised another $31.0M in funding, bring its current funding round to $52.3M, according to a regulatory filing by the firm lsat week. Source of the new funding was not disclo... READ MORE...
posted on Monday, January 11, 2010
Achates Power Raises $19.2M
San Diego-based Achates Power, which is developing 4-cylinder, piston engine technology, said late Friday that it has raised $19.2M in a Series B funding round. The funding came from Triangle Peak Partners, Sequoia Capital, Rockport Capital... READ MORE...
posted on Friday, January 8, 2010
Cool Planet Biofuels Gains $3.5M
Camarillo-based Cool Planet Biofuels, which is developing technology to maximize fuel energy for cellulosic biomass, has quietly raised $3.5M in funding, according to a recent regulatory filing by the firm. The source of that funding was no... READ MORE...
posted on Wednesday, January 6, 2010
CODA Automotive Gets $25M More
Santa Monica-based CODA Automotive, a developer of electric cards, said Wednesday that it has raised $25M more in a first close of a Series C investment round. Source of the new funding was not disclosed. CODA said that the new funding will... READ MORE...
posted on Wednesday, January 6, 2010
Windward's Titus Joins San Diego Regional EDC
David Titus, a venture capitalist at Windward Ventures, has joined the San Diego Regional Economic Development Corporation as Managing Director, Strategic Initiatives, the nonprofit said yesterday. The San Diego EDC is a nonprofit helping t... READ MORE...
posted on Wednesday, January 6, 2010
GaiKai Gets $5M In Funding
Aliso Viejo-based Gaikai, a startup developing technology to play computer games online in a web browser, has raised $5.0M in a funding round, according to a regulatory filing by the firm Tuesday. Source of the new funding was announced, ho... READ MORE...
posted on Tuesday, January 5, 2010
Venture Exits Drop in 2009, But See Q4 Uptick
A newly released report by Dow Jones VentureSource today finds that 2009, venture-liquidity was down 34 percent in 2009, to $17.1 billion, from $26.1 billion in exits in 2008. However, Dow Jones found that forty-four percent of 2009's liqui... READ MORE...
posted on Monday, January 4, 2010
Equipois Gets $1.25M In Funding
Los Angeles-based Equipois, a developer of devices for providing better ergonomics, is closing on $1.25M in a Series B-1 funding round this week, the firm told socalTECH today. The new round is being led by Penny Black. Equipois develops me... READ MORE...
posted on Monday, January 4, 2010
Brickfish Lands $3.0M More
San Diego-based Brickfish, which provides online marketing campaigns for brands, has raised another $3.0M in funding, according to a regulatory filing by the firm last week. No details on the funding have been announced, however, the firm n... READ MORE...
posted on Monday, December 28, 2009
Mobile Security Firms With Roots at USC Gets $5.5M
Lookout, a firm developing security software for mobile phones and started by two recent USC graduates, has raised $5.5M in a funding, the firm said Monday. According to firm, it raised the new round of funding this month from Khosla Ventur... READ MORE...
posted on Monday, December 21, 2009
California Stem Cell Raises Series B
Irvine-based California Stem Cell, a manufacturer of human stem cells, said today that it has raised a Series B round of funding. Amount of funding, and the investors, was not disclosed by the company. The firm said the new funding will go ... READ MORE...
posted on Monday, December 21, 2009
BridgeCo Adds $7.5M
El Segundo-based BridgeCo, a developer of semiconductors for the home entertainment market, announced Friday that it has raised $7.5M in a new round of funding. The firm said the new investment came from Earlybird Venture Capital, and priva... READ MORE...
posted on Friday, December 18, 2009
SmartDrive Systems Gets $25M
San Diego-based SmartDrive Systems, a developer of video-based, fleet safety management systems, announced today that it has raised $25M in an additional venture funding round. The round came from existing investors Oak Investment Partners ... READ MORE...
posted on Wednesday, December 16, 2009
Ace Metrix Gains $6.0M
Los Angeles-based Ace Metrix, which operates an online service which provides analytics for television ads, announced today that it has raised $6.0M in a Series B funding round. The round was led by Leapfrog Ventures, and also included prio... READ MORE...
posted on Wednesday, December 16, 2009
Rustic Canyon's Kim To Leave Firm
Michael Kim, a partner at Santa Monica-based Rustic Canyon Partners, is departing the firm at the end of the year to startup up a new fund-of-funds, Cendana Capital. According to Kim, the new fund--based in San Francisco--will focus on inve... READ MORE...
posted on Monday, December 14, 2009
Insights and Opinions: Tax Extenders Bill Will Stifle Innovation In the US
For our Insights and Opinions section today, we have an editorial from Robert Kibble, who is a director of the National Venture Capital Association (NVCA), and Managing Partner at Mission Ventures We are concerned in the venture capital co... READ MORE...
posted on Monday, December 14, 2009
Venture Firm: We Missed That Networks In Motion Deal
OVP Venture Partners, a venture firm in Oregon and Washington, is highlighting its latest "missed deal" in Aliso Viejo-based Networks In Motion. NIM, which was acquired last week for $170M, had been backed by venture firms Redpoint Ventures... READ MORE...
posted on Thursday, December 10, 2009
Pfenex Spins Out From Dow Chemical With $24M
San Diego-based Pfenix, a new startup focused on biotechnology technology for producing proteins, has spun out of Dow Chemical Company, Pfenex said this week. As part of the spinout, the firm has received $24M in a Series A funding round. T... READ MORE...
posted on Thursday, December 10, 2009
Gogii Raises $8.2M
Marina del Rey-based Gogii, a developer of text messaging applications, said Thursday that it has raised $8.2M in a Series B investment round. The round was led by Matrix Partners, and also included prior investor Kleiner Perkins Caufield &... READ MORE...
posted on Thursday, December 10, 2009
Goodreads Ups Funding To $2M
Los Angeles-based Goodreads, an online social networking site focused on book readers, said today that it has raised its Series A funding to $2M. The firm said the round was led by True Ventures. Goodreads was founded by Otis Chandler, and ... READ MORE...
posted on Wednesday, December 9, 2009
Insights and Opinions: The New Angel Paradigm
There's been a lot of controversy and debate in recent months over how angel investment groups ought to be structured, if they ought to charge entrepreneurs, and other similar issues about the role of organized groups and companies in the i... READ MORE...
posted on Wednesday, December 9, 2009
Calacanis Backs Mobile Social Networking Service
Jason Calacanis, the high profile founder of Santa Monica-based Mahalo, is one of the angel investors in a mobile social networking service, Gowalla, the company said today. According to Gowalla, Calacanis invested along with angels Ron Con... READ MORE...
posted on Wednesday, December 9, 2009
Service-Now Gets $41.3M
Solana Beach-based Service-Now, a developer of software-as-a-service for incident and service management, has raised $41.3M out of a $66.14M funding round, according to a regulatory filing by the firm Tuesday. The filing indicates that the ... READ MORE...
posted on Wednesday, December 9, 2009
Transaction Wireless Gets $2M More
San Diego-based Transaction Wireless, a developer of mobile gift card and other mobile marketing products, announced this morning that it has raised an additional $2M in funding. The funding came from its existing investors, Mission Venture... READ MORE...
posted on Wednesday, December 9, 2009
EVOFEM Gains $25M
San Diego-based EVOFEM, a firm developing feminine hygiene products, said today that it has raised $25M in a private equity investment. Name of the investor was not disclosed. EVOFEM--which was formerly known as Instead Healthcare--is devel... READ MORE...
posted on Tuesday, December 8, 2009
Mochila Raises $1.0M
Carlsbad-based Mochila, which operates an online content marketplace for publishers, has raised $1.0M in an ongoing $2.0M funding round, according to a regulatory filing by the firm. No details on the funding have been announced by the comp... READ MORE...
posted on Tuesday, December 8, 2009
Zogenix Ups Series B To $71M
San Diego-based Zogenix, a pharmaceuticals firm developing neuroscience disorders and pain treatments, said Monday that it has closed on $35M in a second tranche of Series B funding, bringing the firm's Series B to a total of $71M. The firm... READ MORE...
posted on Monday, December 7, 2009
Qualcomm Invests In Networking Semiconductor Firm
San Diego-based Qualcomm is the lead investor in a Silicon Valley firm, Arteris, which develops networking semiconductors. Arteris said Monday that it has received $9.7M in a strategic investment round from Qualcomm and ARM, along with its ... READ MORE...
posted on Monday, December 7, 2009
DFJ Frontier, Anthem Venture Into Portland Firm
Two Los Angeles-based venture firms, DFJ Frontier and Anthem Venture Partners, have invested in a Portland software firm developing online identification and single-sign in software. According to Portland's JanRain, it raised $3.25M in a Se... READ MORE...
posted on Monday, December 7, 2009
Salk Insitute Adds VC To Board
La Jolla-based Salk Institute for Biological Studies, known for its life science research, disclosed this morning that the firm has added venture capitalists Fred Dotzler to its board of trustees. The institute said that Dotzler, co-founder... READ MORE...
posted on Thursday, December 3, 2009
DriveCam Gets $4M In Debt
San Diego-base dDriveCam, which develops systems for monitoring fleet drivers to reduce risky driving, has raised $4M in a debt funding, according to Leader Ventures, the lender in the deal. Leader said the funding came in the form of a ter... READ MORE...
posted on Wednesday, December 2, 2009
M86 Security, Finjan Deal Included $19.25M In Stock
A regulatory filing today by Orange-based web security tool developer M86 Security indicates that the firm has raised or issued $19.245M in stock, in connection with a merger or acquisition--most likely the firm's acquisition of San Jose-ba... READ MORE...
posted on Wednesday, December 2, 2009
Xirrus Confirms $20M Funding
Thousand Oaks-based Xirrus confirmed Tuesday that it has raised an additional $20M in funding, bringing the firm's total raised to $80M. The round was led by InterWest Partners. Xirrus said the new funding would bolster its reserves, and wo... READ MORE...
posted on Tuesday, December 1, 2009
Lumexis Lands $15M For In-Flight Entertainment Systems
Costa Mesa-based Lumexis, a developer of in-flight entertainment and broadband connectivity systems, announced late Monday that it has scored $15M in a private equity funding from Perseus LLC. According to Lumexis, the financing round also ... READ MORE...
posted on Monday, November 30, 2009
Siimpel Snags $813,000
Arcadia-based Siimpel, a developer of MEMs-based, optical microsystems being applied to the cell phone camera market, has raised raised $813K as part of a new, $8.0M fundraising effort, according to a regulatory filing from the firm today. ... READ MORE...
posted on Monday, November 30, 2009
Xirrus Raises $20M In New Funding
Thousand Oaks-based Xirrus, a developer of Wi-Fi networking hardware, has raised another $20M in funding, according to a regulatory filing from the firm today. Details on the new funding have not yet been announced by the company. The filin... READ MORE...
posted on Wednesday, November 25, 2009
Amonix Raises $40M For Concentrating Solar
Torrance-based Amonix, a developer of concentrating photovoltaic solar systems, has raised $40M in a funding round, according to a filing by the firm Monday. The filing indicates the fundraising is part of a $98.23M funding effort being spe... READ MORE...
posted on Monday, November 23, 2009
Ace Metrix Gets $1.7M
Los Angeles-based Ace Metrix, which operates a service to help television advertisers judge the effectiveness of their creative, has raised $1.7M in a debt funding round, according to a regulatory filing from the firm Monday. Details on the... READ MORE...
posted on Monday, November 23, 2009
Fallbrook Technologies Gains $4.0M More
San Diego-based Fallbrook Technologies, a developer of continuous variable planetary transmissions used for the automotive industry, has raised $4.0M in an equity funding, according to a recent regulatory filing by the firm. Details on the ... READ MORE...
posted on Monday, November 23, 2009
Receptos Gains $25M In Series A
San Diego-based Receptos, a biopharmaceuticals firm based on technology out of the Scripps Research Insitute, announced today that it has raised $25M in the close of a two-tranche Series A financing. The firm said that the capital came from... READ MORE...
posted on Monday, November 23, 2009
Aptera Delays Vehicle
Vista-based electric vehicle maker Aptera, on the heels of the departure of the firm's co-founders, has officially pushed back deliver of the firm's Aptera 2e vehicle, acknowledged the departure of co-founders Chris Anthony and Steve Fambro... READ MORE...
posted on Thursday, November 19, 2009
Calacanis: First Angels In New Angel Group
Jason Calacanis, CEO of Santa Monica-based Internet search site Mahalo, has signed on several angels for his new angel group, the Open Angel Forum - Los Angeles. Calacanis--who started the group as an outgrowth of his crusade against pay-to... READ MORE...
posted on Thursday, November 19, 2009
SoCal VC's Scarce On Top VC List
This week's release of a list of their "Top 100" venture capitalists by AlwaysOn -- based roughly on number and dollar amount of successful M&A and IPO deals between October 1, 2005 to September 30, 2009--seems to have skipped local Souther... READ MORE...
posted on Thursday, November 19, 2009
UNX Gets Funding, Names CEO
Los Angeles-based UNX, a provider of technology for the electronic trading and institutional investing market, has scored a round of strategic funding and named a CEO, the firm said Tuesday. The funding came from Goldman, Sachs & Co. and Ve... READ MORE...
posted on Wednesday, November 18, 2009
Active Storage Gets Funding From Intel, Others
Torrance-based Active Storage a developer of RAID products for Apple computers, has raised a Series A funding round, the firm said Tuesday afternoon. The company--which was founded by former executives at Apple, Inc.--said the funding was l... READ MORE...
posted on Tuesday, November 17, 2009
NextImage Medical Gains $5M
San Diego-based NextImage Medical, a provider of radiology services to the worker's comp market, said Tuesday that it has raised $5M in a Series A funding round. The round was led by Chrysalis Ventures. NextImage said the funding will go to... READ MORE...
posted on Tuesday, November 17, 2009
ShoeDazzle.com Gets $7M For Shoe Fashion
Los Angeles-based ShoeDazzle.com, an online, e-commerce site focused on shoe fashions, has raised $7.0M in equity funding, according to a regulatory filing by the firm today. No details on the source of the funding were disclosed. ShoeDazzl... READ MORE...
posted on Tuesday, November 17, 2009
FastSoft Raises $950K
Pasadena-based FastSoft, a developer of Internet acceleration appliances based on research out of Caltech, has raised $950K in a debt funding, according to a regulatory filing by the firm. According to the filing, the round came from eight ... READ MORE...
posted on Tuesday, November 17, 2009
Local Investors Queue Up For QuorumLabs
A number of investors with strong ties to Southern California have invested in a Silicon Valley firm developing business continuity appliances, QuorumLabs, as part of a $5.3M Series A funding for the firm. According to Quorum, it raised the... READ MORE...
posted on Tuesday, November 17, 2009
Lottay Raises Funding, Appoints CEO
Los Angeles-based Lottay, an online gifting web site, is announcing this morning that it has raised $475,000 in a funding round, and appointed former Evite.com and ABC.com executive Harry Lin as its CEO. The funding round was led by DFJ Fro... READ MORE...
posted on Tuesday, November 17, 2009
Fate Therapeutics Raises $30M
La Jolla-based Fate Therapeutics is reporting this morning that it has raised $30M in a Series B financing round. The firm, which develops stem cell therapies, said the funding was led by OVP Venture Partners, and included Astellas Venture ... READ MORE...
posted on Monday, November 16, 2009
Yidio Raises Around $500K For Movie Site
San Diego-based Yidio, an online site for finding television shows and movies online, disclosed Thursday that it has raised around $500,000 in angel funding from angel investors, including Adam Warms. The round announced at the NewTeeVee Li... READ MORE...
posted on Thursday, November 12, 2009
Global Analytics Gets $10M
San Diego-based Global Analytics, a developer of financial analytics and fraud detection technology, has raised $10M in a funding round with a target of $14M, according to a regulatory filing by the firm Thursday. No details on the funding ... READ MORE...
posted on Thursday, November 12, 2009
Cyntellect Raises $15.5M
San Diego-based Cyntellect, a developer of products for the biotech industry, has raised $15.5M, according to a regulatory filing from the firm this week. The funding is part of an ongoing, $18.6M fundraising effort, and includes both equit... READ MORE...
posted on Thursday, November 12, 2009
Altair Therapeutics Raises $17M
San Diego-based Altair Therapeutics said Wednesday afternoon that it has raised $17M in a financing round. According to the firm, the round was led by Domain Associates, and also included AgeChem Venture Fund; Thomas, McNerney & Partners; F... READ MORE...
posted on Wednesday, November 11, 2009
LeadPoint Launches Ordering System
Los Angeles-based LeadPoint, a venture-backed firm which operates an online lead exchange, said today that it has launched a new, digital order system for the lead generation industry. The firm said its order system allows buyers to submit ... READ MORE...
posted on Wednesday, November 11, 2009
Six Degrees Games Raises $7M
Marina Del Ray-based Six Degrees Games, which runs the ActionAllStars.com virtual world focused on six to 14 year olds, has raised $7M in an additional funding round. The round was led by Time Warner, and also included prior investors Clear... READ MORE...
posted on Tuesday, November 10, 2009
PaxVax Gets $2M For Oral Flu Vaccines
San Diego-based PaxVax, a firm working on orally-administered flu vaccines, has raised $2.0M out of a $6.0M funding round, according to a filing last week. Investors in the new round include Ignition Partners. According to Paxvax, its oral ... READ MORE...
posted on Monday, November 9, 2009
Clicker.com Adds Blake Krikorian To Board, Investors
Los Angeles-based Clicker Media, which operates an online service to index Internet television, said today that it has added Blake Krikorian, founder and former CEO of Sling Media, to its board of directors. Krikorian is also investing in t... READ MORE...
posted on Thursday, November 5, 2009
MicroMedia Filtration Gains Series A Funding
Lake Forest-based MicroMedia Filtration, a developer of wastewater treatment systems for municipalities, said today that it has raised a Series A funding. The funding came from Costa Mesa-based SAIL Venture Partners. Amount of the equity fu... READ MORE...
posted on Tuesday, November 3, 2009
Giiv Gets $2.3M
Los Angeles-based Giiv, a mobile gifting service, has raised $2.3M in a funding round, according to a recent regulatory filing from the firm. Details on the funding have not been disclosed, however, Richard Yen of Saban Ventures now sits o... READ MORE...
posted on Tuesday, November 3, 2009
Impact Radius Finds More Funding
Los Angeles-based Impact Radius, a firm which is developing a service to link performance advertising to TV, radio, print, and online channels, has raised $1.0M in a funding round, according to a recent regulatory filing from the firm. No d... READ MORE...
posted on Monday, November 2, 2009
Lottay Raises $200K
Ventura-based Lottay, an online social gifting firm, has raised $200K more, according to a regulatory filing by the firm last week. No details on the funding have been announced by the company, which is backed by DFJ Frontier. Lottay allows... READ MORE...
posted on Monday, November 2, 2009
Verdezyne Raises $2.96M
Carlsbad-based Verdezyne, which is developing technology to improve the fermentation process for biofuels, has raised $2.96M as part of a funding round, according to a regulatory filing from the firm Thursday afternoon. According to the fil... READ MORE...
posted on Friday, October 30, 2009
One Recovery Raises $1.49M
Del Mar-based One Recovery, an online community site providing support for people recovering from addiction, has raised $1.49M in a funding round, according to a filing from the firm this week. According to the filing, the funding comes as ... READ MORE...
posted on Thursday, October 29, 2009
BioIQ Raising Funding
Santa Barbara-based BioIQ, a startup developing personalized medical testing services, is in the midst of raising funding, according to multiple sources. According to recent regulatory filings by the firm, it is in the midst of raising $8.7... READ MORE...
posted on Thursday, October 29, 2009
Total Beauty Gets $800K More
Beverly Hills-based Total Beauty Media, an online site providing beauty advice, product reviews, and other information, has raised $800,000 more in funding, according to last week's PricewaterhouseCoopers/NVCA MoneyTree report. The firm had... READ MORE...
posted on Thursday, October 29, 2009
LeisureLink Raises $3.5M
Pasadena-based LeisureLink, which operates an online marketplace and service for vacation rental booking, has raised $3.5M in a funding round. The round came to light through last week's PricewaterhouseCoopers/NVCA MoneyTree report. Details... READ MORE...
posted on Thursday, October 29, 2009
Helixis Bumps Funding To $7.3M
Carlsbad-based Helixis, a developer of nucleic acid analysis tools, has upped its recent funding round to $7.3M, according to a filing from the firm this week. The funding is a continuation of a $10.0M venture round which the firm has been ... READ MORE...
posted on Wednesday, October 28, 2009
Snowball Factory Raises Funding
Beverly Hills-based The Snowball Factory, the developer of Awe.sm, a URL shortener for domains, and tweetpo.st, software for updating Facebook from Twitter, has raised $562,600 in an equity funding round, according to a regulatory filing fr... READ MORE...
posted on Tuesday, October 27, 2009
Kythera Gets $10M More
Calabasas-based Kythera Biopharmaceuticals, a developer of aesthetic medicine products, has added $10M more in new funding. The new funding came to light in this week's PricewaterhouseCoopers/NVCA MoneyTree report. No details on the funding... READ MORE...
posted on Friday, October 23, 2009
Metagenics Nabs $28.1M
San Clemente-based Metagenics, a developer of nutraceuticals, has raised $28.1M in a funding, according to numbers in the Q3 PricewaterhouseCoopers/NVCA MoneyTree report. Source of the funding was not revealed, however, Amway announced in A... READ MORE...
posted on Friday, October 23, 2009
CFX Battery Raises $15M More
Azusa-based CFX Battery, a developer of advanced battery technology, said today at Los Angeles Technology Week that the firm has just closed a $15M, Series B funding round. CFX, a spinout of Caltech, is developing both primary and secondary... READ MORE...
posted on Thursday, October 22, 2009
Pathology Inc. Gets Debt Funding
Torrance-based Pathology Inc., a provider of pathology and molecular diagnostics services, has scored both a term loan and revolving line of credit from ORIX Venture Finance, ORIX said Wednesday. Terms and amount of the funding were not dis... READ MORE...
posted on Wednesday, October 21, 2009
U.S. Dermatology Gets Investment
Irvine-based U.S. Dermatology Medical Management, a provider of healthcare services for skin cancer treatment and other dermatological conditions, has scored an investment from Los Angeles-based Vicente Capital Partners, Vicente said today.... READ MORE...
posted on Wednesday, October 21, 2009
Rustic Canyon Boosts InSync
Santa Monica-based venture firm Rustic Canyon, along with Intel Capital, has put more into Silicon Valley-based InSync Software, a developer of software for the RFID and supply chain tracking business. According to InSync, it has raised $4.... READ MORE...
posted on Tuesday, October 20, 2009
Slacker Brings Round To $12.1M
San Diego-based Internet radio firm Slacker has now raised its latest funding round to $12.1M, and appears to have expanded the target size of the round to $14.2M. The details came according to a regulatory filing from the firm Monday. The ... READ MORE...
posted on Tuesday, October 20, 2009
Vertos Medical Raises $15.5M
Aliso Viejo-based Vertos Medical, a developer of medical devices for treating lumbar spinal stenosis, announced this morning that it has raised $15.5M in a Series D funding. The round was led by new investor ONSET Ventures, with participati... READ MORE...
posted on Tuesday, October 20, 2009
Venture Capitalists Invest $475.5M In Southern California In Q3, Says MoneyTree
PricewaterhouseCoopers and the National Venture Capital Association have weighed in on Q3 venture capital totals, saying that $475.5M was invested in 65 Southern California deals in Q3, compared to $773.3M and 87 deals in Q3 of last year. N... READ MORE...
posted on Tuesday, October 20, 2009
Insights and Opinions: How I Got Investors to Write Checks this Year
For our Insights and Opinions section today, we have an article from Wil Schroter, CEO and founder of Santa Monica-based Affordit (www.affordit.com). Wil also founded Go Big Network, an online community for entrepreneurs. He recently land... READ MORE...
posted on Monday, October 19, 2009
Dow Jones: Venture Investments Drop To $5.1B In Q3
A report released over the weekend by Dow Jones VentureSource finds that venture capital investments in the U.S. dropped to $5.1 billion in 616 deals, down 38 percent year to year from the $8.2 billion and 663 deals reported in Q3 of last y... READ MORE...
posted on Monday, October 19, 2009
Ad.ly Gets $500K In Seed Funding
Los Angeles-based Ad.ly, which is developing an in-stream, advertising platform for Twitter, has raised $500,000 in a funding round. The round came from GRP Partners. GRP's Mark Suster sits on the firm's board. "Ad.ly has performed very wel... READ MORE...
posted on Friday, October 16, 2009
Sometrics Raises Series B
Los Angeles-based Sometrics, which develops analytics software for gaming applications, said Friday morning that it has raised a Series B round of financing. Amount of the funding was not released, however, reports put the amount at $4M. Th... READ MORE...
posted on Friday, October 16, 2009
SmartDrive Systems Raises $12M
San Diego-based SmartDrive Systems has raised $12M, part of a $25M funding raising round, according to a regulatory filing by the firm Thursday. Details on the funding have not been released, however, Oak Investment Partners and New Enterpr... READ MORE...
posted on Friday, October 16, 2009
Move In Joint Venture
Westlake Village-based Move, which operates a network of online real estate-focused web sites, said late Wednesday that it is in a joint venture with Builder Homesite focused on new home builders. According to the two companies, they have c... READ MORE...
posted on Thursday, October 15, 2009
GOOD Gets Funding Round
Los Angeles-based GOOD, a media firm which operates Reason Pictures, GOOD Magazine, and GOOD Digital, announced this week that it has raised a Series A funding round. Amount of the funding was not disclosed. Investors included angels and Ni... READ MORE...
posted on Wednesday, October 14, 2009
Semtek Funding Worth $6.7M
San Diego-based Semtek, which develops technology for checking for credit card fraud at retail terminals, has raised $6.7M out of an $8.0M round, according to a filing from the firm earlier this week. Semtek had announced its round last wee... READ MORE...
posted on Wednesday, October 14, 2009
Calacanis/Keiretsu Tiff Heats Up With Lawsuit
A personal campaign by Santa Monica-based Mahalo.com's CEO, Jason Calacanis, to put pressure on for-profit angel investment firms to stop charging entrepreneurs to pitch, has ramped up, as Calacanis said Tuesday that he has been informed th... READ MORE...
posted on Tuesday, October 13, 2009
Fugoo Gets $40M
Chino-based Fugoo, which is developing a Windows-based platform for home appliances, has raised $40M in a funding round, according to a regulatory filing by the firm today. Source of the funding was not disclosed. The startup was founded by... READ MORE...
posted on Tuesday, October 13, 2009
Pathology Inc. Gets Series A
Torrance-based Pathology, Inc., a provider of pathology and molecular diagnostics services, has received a Series A investment, according to lead investor ABS Capital Partners. ABS said that Pathology, Inc. will use the funding to retire fo... READ MORE...
posted on Tuesday, October 13, 2009
VC Fundraising Down Drastically In Q3
A new report on the venture capital market was released Monday from Thomson Reuters and the National Venture Capital association, and finds that venture capital fundraising has dropped to $1.6 billion in Q3, with only 17 venture capital fun... READ MORE...
posted on Monday, October 12, 2009
Breach Security Raises $5M More
Carlsbad-based Breach Security, a developer of IT security tools, announced this morning that it has raised $5M in additional funding, from existing investor Sid R. Bass Associates. The firm said the expansion financing would go towards pro... READ MORE...
posted on Wednesday, October 7, 2009
Accumetrics Raises $16.5M
San Diego-based Accumetrics said today that it has raised $16.5M in new capital. The funding round came from Arnerich Massena, BBT Fund/Apothecary Capital, Essex Woodlands Health Ventures, Kaiser Permanente Ventures and RiverVest Venture Pa... READ MORE...
posted on Tuesday, October 6, 2009
Semtek Details Series B Funding
San Diego-based Semtek, a developer of security technology for protecting magnetic stripe data on credit cards, has announced more details of the firm's Series B funding round. According to the firm, the round--which had been made public la... READ MORE...
posted on Tuesday, October 6, 2009
Calacanis Takes On Keiretsu Forum On Fees
Jason Calacanis, CEO of Santa Monica-based Mahalo.com and co-producer of the TechCrunch50 conference--not known for pulling his punches--publicly targeted angel group The Keiretsu Forum today for their presentation fees. According to Calaca... READ MORE...
posted on Monday, October 5, 2009
Achates Power Gets $12.1M
San Diego-based Achates Power, a firm developing clean diesel engine technology, has raised $12.1M in a $20M funding round, according to a regulatory filing by the firm today. Details on the funding haven't been released, however, the firm'... READ MORE...
posted on Monday, October 5, 2009
Solarmer Raises $4.3M
El Monte-based Solarmer Energy, which is developing flexible solar power technology, has raised $4.3M in an equity funding round, according to a filing by the firm today. Source of the new funding for the company was not disclosed. The inve... READ MORE...
posted on Thursday, October 1, 2009
Insights and Opinions: The Great VC Ice Age Is Thawing
For our Insights and Opinions section today, we have an article from Mark Suster of GRP Ventures, who talks about the great "VC Ice Age" triggered in September of 2008, and how it's started to thaw (a little bit). When venture capital... READ MORE...
posted on Thursday, October 1, 2009
Liquid Environmental Solutions Gets $20M
San Diego and Dallas-based Liquid Environmental Solutions, a provider of non-hazardous liquid waste collection and treatment, has received $20M in an investment from Los Angeles private equity firm Craton Equity Partners. According to Crato... READ MORE...
posted on Thursday, October 1, 2009
RotoHog Confirms Fundraising
Los Angeles-based RotoHog, developer of online fantasy sports games headed by Kelly Perdew, has confirmed that the firm's recently $2M funding came from Mission Ventures. In an open letter to customers earlier this week, Perdew said the fun... READ MORE...
posted on Thursday, October 1, 2009
Nexus DX Raises $15M
San Diego-based Nexus DX, a stealth mode, biotech firm, has raised $9.0M in a venture round, according to a regulatory filing from the firm this week. Details on the funding have not been announced. Kleiner Perkins Caufield & Byers as well ... READ MORE...
posted on Thursday, October 1, 2009
Q3 Southern California Venture Deals Around $879M
A quick analysis by socalTECH of our tracking of venture capital deals in Southern California finds that there was around $879M in venture funding activity here in Q3. The information--gleaned from funding announcements, regulatory filings,... READ MORE...
posted on Thursday, October 1, 2009
Prism VentureWorks' Nye Joins Medical Device Firm
Venture capital firm Prism VentureWorks apparently has lost its last link to Southern California's venture market, as the firm's Los Angeles-based General Partner, Gordie Nye, has left the firm to join a medical device company in Northern C... READ MORE...
posted on Thursday, October 1, 2009
VMIX Confirms $2M Raise
San Diego-based VMIX, which provides online video hosting and management, has confirmed that it has raised $2M in a Series B-1 financing, the firm said this morning. The funding had first been reported by this publication Tuesday. According... READ MORE...
posted on Thursday, October 1, 2009
Semtek Gets Investment From VeriFone
San Diego-based Semtek Corporation, a developer of security technology used for protecting magnetic stripes on credit cards, has scored an investment from VeriFone Holdings, VeriFone said Wednesday. Amount of the investment was not disclose... READ MORE...
posted on Wednesday, September 30, 2009
Astute Networks Gets $3.6M
San Diego-based Astute Networks, a developer of rackmount, edge storage devices aimed at blade servers, has raised $3.6M in a new round of funding, according to a regulatory filing from the firm today. No details of the funding have yet bee... READ MORE...
posted on Wednesday, September 30, 2009
Affordit Gets Angel Funding
Santa Monica-based Affordit, an online site which allows low income consumers to buy electronics on installment, rather than through an outright purchase, has raised a round of angel funding. News of the funding came through an interview wi... READ MORE...
posted on Wednesday, September 30, 2009
Ripple Acquirer Raises Funds
Casting some additional light on the acquisition of El Segundo-based Ripple last week, acquiring firm TargetCast Networks revealed today that it has received a new round of venture capital worth $6.5M from one of Ripple's primary backers, D... READ MORE...
posted on Wednesday, September 30, 2009
Interview with Brian Garrett, Crosscut Ventures
Los Angeles-based Crosscut Ventures (www.crosscutventures.com) is one of the newest venture capital funds in the area, and has quietly been working on funding local companies over the last year. The fund--started by Brian Garrett and Rick S... READ MORE...
posted on Wednesday, September 30, 2009
VMIX Raises $2.0M More
San Diego-based VMIX, which provides software-as-a-service for video hosting, has raised $2.0M in a new funding round, according to a regulatory filing by the firm today. Details on the funding have not been announced by the company. The fi... READ MORE...
posted on Tuesday, September 29, 2009
Internet Connectivity Group Ups Funding To $8.2M
Lake Forest-based Internet Connectivity Group, which is developing wireless equipment for connecting digital signage to the Internet, has now raised $8.2M in funding, according to a regulatory filing by the firm today. According to the fili... READ MORE...
posted on Friday, September 25, 2009
Zogenix Gets $51M In Series B
San Diego-based Zogenix, a pharmaceutical firm developing treatments for neuroscience disorders and pain, said Wednesday that it has completed a $51M, Series B preferred stock financing. The firm said that the round was led by Clarus Ventur... READ MORE...
posted on Wednesday, September 23, 2009
Agendia Gains $23M
Huntington Beach-based Agendia, a developer of molecular cancer diagnostics, said today that it has raised $23M in a Series E financing round. The firm said the funding came from an undisclosed, family investment firm, as well as existing i... READ MORE...
posted on Wednesday, September 23, 2009
Rotohog Gets $2M More
Los Angeles-based Rotohog, a developer of online fantasy sports games, has raised $2.0M in a new round of funding, according to a regulatory filing from the firm today. According to the filing, the round target is $2.62M. No details on the ... READ MORE...
posted on Wednesday, September 23, 2009
MELLmo Raises $4M
San Diego-based MeLLmo, a developer of iPhone applications for viewing business data, said today that it has raised $4M in a second round of angel funding. The funding brings the company's total raised to $10M. The firm said the new funding... READ MORE...
posted on Wednesday, September 23, 2009
Gamma Medica-Ideas Raises $24M
Northridge-based Gamma Medica-Ideas, a developer of digital molecular imaging systems, said Tuesday that it has raised $24M in financing. The firm said the round, the first institutional funding for the firm, was made up of $14M in equity, ... READ MORE...
posted on Tuesday, September 22, 2009
Rubicon Raises $9M More
Los Angeles-based Rubicon Project, which provides Internet advertising optimization services to publishers, announced today that it has raised $9M more. The Series C funding was led by the GE/NBCU Peakcock Equity Fund, and also included Cle... READ MORE...
posted on Tuesday, September 22, 2009
NVCA: Venture Capital Spurs Jobs, GDP
The National Venture Capital Association today released a new report detailing the impact of venture capital on the U.S. Economy. The report, compiled for the NVCA by IHS Global Insight, found that venture backed companies accounted for 11 ... READ MORE...
posted on Wednesday, September 16, 2009
Clicker Raises $8M, Launches Video Search Engine
Los Angeles-based Clicker.com, a startup looking to index and search online television content, launched Tuesday at the TechCrunch50 conference, saying it has raised $8M in venture funding from Benchmark Capital and Redpoint Ventures. The f... READ MORE...
posted on Tuesday, September 15, 2009
AirHop Nabs $1M
San Diego-based AirHop Communications announced this morning that the firm has raised $1M in a financing round, from unnamed-wireless industry executives. The firm said it is developing systems software that enables the deployment of 4G wir... READ MORE...
posted on Monday, September 14, 2009
Celladon Gains $21.8M
La Jolla-based Celladon, a developer of treatments for heart failure and other cardiovascular diseases, has raised $21.8M out of a $24.6M funding round, according to a filing from the firm today. Details on the new funding round were not di... READ MORE...
posted on Friday, September 11, 2009
SharesPost Ties With Advanced Equities
Santa Monica-based SharesPost.com, which recently launched a marketplace for private company shares, said Wednesday that the firm has inked a deal with Advanced Equities. According to the firm, AEI brokers will be available to assist Shares... READ MORE...
posted on Thursday, September 10, 2009
OptionEase Ups Funding To $3.5M
San Juan Capistrano-based OptionEase, a developer of software-as-a-service for managing stock options and fair value accounting and compliance, announced today that it has raised another $1.0M in venture funding in its Series A round, bring... READ MORE...
posted on Wednesday, September 9, 2009
Riot Games Raises $8M
Los Angeles-based Riot Games, a developer of online video games, announced today that it has raised a new, $8M round of financing. The round came from Benchmark Capital, FirstMark Capital, and Chinese online services firm Tencent. Riot Game... READ MORE...
posted on Wednesday, September 9, 2009
EduFire Heads North, Gains Funding
eduFire, an startup which offers online video classes, apparently has relocated to Menlo Park from Santa Monica, after raising $1.3M in a Series A funding. The firm's web site now lists Menlo Park as its headquarters, after it raised fundin... READ MORE...
posted on Tuesday, September 8, 2009
ValenTx Raises $22M In Series B
Carpinteria-based ValenTx, a developer of medical devices for addressing morbid obesity, announced today that it has raised $22M in a Series B financing round. The round was led by SV Life Sciences, and also included Covidien Ventures, Sapi... READ MORE...
posted on Tuesday, September 8, 2009
Prism VentureWorks Shuts Los Angeles Office
Venture capital firm Prism VentureWorks has shut its offices in Los Angeles, according to a report Friday by peHUB. According to the report, the firm's Venice offices were shut to save money on overhead for the firm, with partner Gordie Nye... READ MORE...
posted on Friday, September 4, 2009
Semicoa Deal Price: $16M
Costa Mesa-based Semicoa, which was spun back out of semiconductor firm Microsemi on August 24th, has raised $16M in funding associated with the private equity deal. According to a recent regulatory filing by the firm, it received $16.0M in... READ MORE...
posted on Friday, September 4, 2009
Mabvax Finds $500K
San Diego-based Mabvax Pharmaceuticals, which is developing vaccines and human antibodies targeted at treating cancer, has gained $500,000 out of a $4M funding round, according to a regulatory filing from the firm. Mabvax had previously rai... READ MORE...
posted on Wednesday, September 2, 2009
BrightScope Gets $2M
San Diego-based BrightScope, which operates an online service for rating 401k plans, announced today that the firm has raised $2M in a Series B funding round. The round was led by Jim Caccavo of Steelpoint Capital Partners, along with an un... READ MORE...
posted on Wednesday, September 2, 2009
Animal Cell Therapies Scores $1.1M
San Diego-based Animal Cell Therapies, a biotech firm developing stem cell treatments for animals, has raised $1.1M in a funding round, according to a regulatory filing by the firm Monday. No details on the funding have been released. The f... READ MORE...
posted on Tuesday, September 1, 2009
Aubrey Gets $3.87M
Carlsbad-based Aubrey, a startup developing wound care products that promote wound healing and burn care, has raised $3.87M in a $6.0M venture round, according to a regulatory filing from the firm Monday. Details on the funding have not bee... READ MORE...
posted on Tuesday, September 1, 2009
MyShape Confirms Funding
Glendale-based MyShape, which operates an online retailer focused on matching women to clothing based on their body type, confirmed this morning that it has raised a third round of venture funding. The firm said the round was led by DFJ Gro... READ MORE...
posted on Tuesday, September 1, 2009
Medsphere Raises $12M
Carlsbad-based Medsphere Systems, a developer of electronic health record software, announced Monday afternoon that the firm has raised $12M in a financing round. The round came from Azure Capital Partners, Epic Ventures, Thomas Weisel Vent... READ MORE...
posted on Monday, August 31, 2009
Interview with Hamet Watt, True Ventures
For today's interview, we thought we'd catch up with Hamet Watt, who was most recently founder of NextMedium, and is now an EIR at True Ventures (www.trueventures.com). Hamet is now helping True Ventures look at investments in Southern Cali... READ MORE...
posted on Monday, August 31, 2009
ValenTX Raises $20.28M
Carpinteria-based ValenTX, a developer of treatments for obesity, has raised $20.28M in an equity funding round, according to a regulatory filing by the firm Thursday. Details on the funding have not been released by the company. ValenTx ha... READ MORE...
posted on Thursday, August 27, 2009
MyShape Picks Up $10.5M
Pasadena-based MyShape, the personalized fashion retailer run by Louise Wannier, has raised $10.5M in a new round of equity funding, according to a regulatory filing by the firm Wednesday. The filing says the fundraising is part of a nearl... READ MORE...
posted on Thursday, August 27, 2009
CFX Battery Raises $5M
Azusa-based CFX Battery, a developer of battery technology, has raised $5.0M in what looks to be the first tranche of an ongoing funding round. The funding came to light through a regulatory filing this week. According to the filing, the ne... READ MORE...
posted on Thursday, August 27, 2009
Semicoa Returns To Life, Gains Private Equity Backing
Costa Mesa-based Semicoa Corporation, a supplier of military and high reliability components, announced Monday that it has relaunched the firm with backing from private equity firm Vance Street Capital, which is based in Los Angeles. The fi... READ MORE...
posted on Monday, August 24, 2009
Zumbox Scores $8M
Westlake Village-based Zumbox, a developer of a system for sending electronic mail to postal addresses, announced today that it has raised $8M in a funding. The firm said the funding came from Art Bilger of Shelter Capital Partners; Rick Br... READ MORE...
posted on Monday, August 24, 2009
Palkion Raises $2.5M
San Diego-based Palkion, a developer of oral drugs for treating anemia, has raised $2.5M in a funding round, according to a regulatory filing from the firm Monday. Details on the funding have not been released. The firm is backed by ProQues... READ MORE...
posted on Wednesday, August 19, 2009
AccessDNA Lands Funding Round
Los Angeles-based AccessDNA, which operates an online site for locating genetic testing services, said this morning that it has raised $670,000 in a new round of angel funding. The funding brings the company's total raised to $1,115,000. So... READ MORE...
posted on Wednesday, August 19, 2009
Insights and Opinions: GRP's Mark Suster on Startup Mistakes
This morning's Insights and Opinions article comes from venture capitalist Mark Suster of GRP Partners, who shares some of the most common mistakes he sees startups making. This is a very important post to me because I find myself ... READ MORE...
posted on Wednesday, August 19, 2009
Zeebo Gets $6M
San Diego-based Zeebo, a developer of a wireless gaming console, has raised $6.0M in a funding round, according to a regulatory filing from the firm last week. The firm's investors include Qualcomm and Tectoy S.A. Zeebo was founded by forme... READ MORE...
posted on Wednesday, August 19, 2009
Integrien Raises $6.5M
Irvine-based Integrien, a developer of enterprise, IT monitoring software, has raised $6.5M in a funding round, part of an ongoing $7.475M fundraising effort, according to a recent regulatory filing by the company. Details on the funding ha... READ MORE...
posted on Wednesday, August 19, 2009
AppFolio Gets $8M
Santa Barbara-based AppFolio, a developer of software-as-a-service for property management, is announcing today that it has raised $8M in additional funding for the firm. The funding comes from the Investment Group of Santa Barbara (IGSB). ... READ MORE...
posted on Tuesday, August 18, 2009
Demand Media Invests In CoveritLive
Santa Monica-based Demand Media, the social media firm headed by former MySpace Chairman Richard Rosenblatt, said this morning that it has made a minority investment in Toronto-based CoveritLive. CoveritLive develops live blogging tools and... READ MORE...
posted on Tuesday, August 18, 2009
Interview with Michael Barton, Startup Exchange
One of the continuing problems in the startup and venture market today is the issue of exit opportunities for companies, and in particular the problem of liquidity for founders. One company, Startup Exchange (www.startupexchange.com) is tak... READ MORE...
posted on Wednesday, August 12, 2009
DriveCam Raises $19M More
San Diego-based DriveCam, a developer of systems for monitoring driver behavior, said Tuesday that it has raised $19M in a Series D funding. The round was led by Triangle Peak Partners and also included prior investors Menlo Ventures, JMI E... READ MORE...
posted on Tuesday, August 11, 2009
Domain Associates Raises $500M Venture Fund
Venture capital firm Domain Associates, which is based in San Diego and New Jersey, said Monday that it has closed a $500M fund focused on the life sciences industry. The firm said the fund, Domain Partners VIII, L.P., will continue to focu... READ MORE...
posted on Monday, August 10, 2009
Masher Media Gains Angel Funding
Calabasas-based Masher Media, which is developing the online virtual world MyMiniPeeps.com for children, has received a round of angel funding from the Tech Coast Angels. According to the TCA, Masher Media has received $300,000 from the ang... READ MORE...
posted on Monday, August 10, 2009
Symwave Gets $4M Investment
Laguna Niguel-based Symwave, a developer of USB semiconductors, has received a $4M investment from a strategic partner, SMSC. According to SMSC, it is in a strategic relationship with Symwave to accelerate its delivery of USB 3.0 products, ... READ MORE...
posted on Thursday, August 6, 2009
V Vehicles: New Investors Include Google Ventures
Stealthy San Diego alternative energy vehicle firm V Vehicles, which just raised $62.25M in a funding round, apparently has added Google Ventures as an investor in the company. V-Vehicles--which counts Kleiner Perkins Caufield and Byers and... READ MORE...
posted on Thursday, August 6, 2009
NanoH2O Gains $5M
Los Angeles-based NanoH2O, a UCLA spinout commercializing water filtering and desalination technology, has raised $5M in a equity funding, according to a regulatory filing from the firm Wednesday. Details on the funding have not yet been re... READ MORE...
posted on Wednesday, August 5, 2009
TechForward Raises $4.3M
Los Angeles-based Techforward, which operates a guaranteed buyback service for the consumer electronics industry, has raised $4.3M in a new round of equity funding, according to a regulatory filing form the firm this week. Techforward, whic... READ MORE...
posted on Wednesday, August 5, 2009
San Diego News Network Gets $700K
San Diego News Network, an online, local community news site run by Neil Senturia and Barbara Bry, as well as former executives of the San Diego Union Tribune, has raised $707,220 in funding, part of a $2.0M funding effort by the company. T... READ MORE...
posted on Tuesday, August 4, 2009
CFX Battery Ups Funding To Nearly $15.2M
Azusa-based CFX Battery, a Caltech spinout developing advanced battery technology, has upped its funding to nearly $15.2M, according to a regulatory filing by the firm today. CFX Battery has previously raised funding from CMEA Ventures, Har... READ MORE...
posted on Monday, August 3, 2009
Qualcomm Extends QPrize Deadline
San Diego-based Qualcomm reports today that it is extending the deadline for the firm's wireless business plan competition, its Qualcomm Ventures QPrize Business Plan Competition, to August 21st. The firm said it is extending the deadline f... READ MORE...
posted on Friday, July 31, 2009
Topanga Technologies Gets $6M
Canoga Hills-based Topanga Technologies, a stealth-mode developer of energy efficient lighting for the industrial, commercial, and general lighting market, has raised $6M, according to a regulatory filing from the firm. No details on the fu... READ MORE...
posted on Thursday, July 30, 2009
posted on Thursday, July 30, 2009
Cortex Pharmaceuticals Gets $2.0M In PIPE
Irvine-based Cortex Pharmaceuticals, which is developing treatments for sleep apnea, reported this morning that it has received $2.0M in a Series F, convertible preferred stock financing from an unnamed, single institutional investor. The f... READ MORE...
posted on Thursday, July 30, 2009
Replenish Raises $10.25M
Pasadena-based Replenish Inc. has quietly raised $10.25M in venture funding, according to a regulatory filing by the firm this week. No details on the firm have been disclosed, however, the firm describes itself as working on a "flexible dr... READ MORE...
posted on Wednesday, July 29, 2009
eSolar Adds $5M
Pasadena-based solar thermal power technology developer eSolar has expanded a recent funding round to $35M, according to a regulatory filing by the company today. The firm, which is using solar thermal power equipment to develop concentrati... READ MORE...
posted on Tuesday, July 28, 2009
aTyr Pharma Gets $12M
San Diego-based aTyr Pharma, which is developing biopharmaceuticals focused on inflammation, autoimmune, hematopoietic and metabolic disorders, disclosed Tuesday that it has raised $12M in an additional funding round. The firm said the fund... READ MORE...
posted on Tuesday, July 28, 2009
Coda Automotive Raises $24M
Santa Monica-based Coda Automotive, the electrical vehicle firm developing hybrid and electric vehicles, has racked up $24M in a Series B investment round from a number of high profile investors, the firm said today. Coda said the funding r... READ MORE...
posted on Tuesday, July 28, 2009
Symwave Finds $1.3M
Laguna Nigel-based Symwave, a developer of 1394b and USB semiconductors, has recently raised $1.3M in venture funding. The funding came to light last week in the PricewaterhouseCooper/NVCA Q2 MoneyTree report, based on data from Thomson Reu... READ MORE...
posted on Monday, July 27, 2009
Rayspan Gets $12.5M From Khosla, Sequoia
San Diego-based Rayspan Corporation, a developer of advanced materials being used for wireless antennas and RF front-ends, disclosed this morning that it has raised $12.5M in a round from Khosla Ventures and Sequoia Capital. The Series B ro... READ MORE...
posted on Monday, July 27, 2009
Lottay Gains Funding
Newbury Park-based Lottay, an online site focused on social "gifting" applications, has raised around $200,000 in a round from DFJ Frontier, socalTECH has learned. No details on the funding have been announced by the firm, however, DFJ Fron... READ MORE...
posted on Friday, July 24, 2009
Epic Sciences Raises $2.5M
San Diego-based Epic Sciences, a stealth mode startup which appears related to the Scripps Research Institute, has quietly raised $2.5M in a funding round. Epic is developing analytical laboratory instruments. The funding for the firm was d... READ MORE...
posted on Friday, July 24, 2009
CardioPolymers Raises $13.57
Laguna Hills-based CardioPolymers, which is developing an implantable device for treating congestive heart failure, has raised $13.57M in a funding round, according to a regulatory filing by the firm today. The filing puts the target amount... READ MORE...
posted on Wednesday, July 22, 2009
Lithera Raises $10M
San Diego-based Lithera, which is developing injectable treatments for fat tissue reduction, has raised $10M in a funding round. Source of the funding was not announced by the firm. Lithera, which was formerly known as Lipothera, is backed ... READ MORE...
posted on Wednesday, July 22, 2009
Insights and Opinions: The Value Of Free
In our Insights and Opinions piece for today, Marc Averitt of Okapi Venture Capital poses the question: What is the value of free? At the risk of oversimplifying here, a vast majority of consumers expect information/entertainment (a.... READ MORE...
posted on Wednesday, July 22, 2009
Solaren Gets $600K For Space Power
Manhattan Beach-based Solaren, a firm developing space-based power systems, has raised $609,600 in a equity funding round, according to a regulatory filing from the firm earlier this month. Source of the funding was not disclosed. The firm ... READ MORE...
posted on Tuesday, July 21, 2009
SAIL Venture Partners Adds Advisor
Costa Mesa-based SAIL Venture Partners, a venture capital firm focused on clean technology, announced Tuesday that the firm has added Joseph J. O'Byrne to the firm's board of advisors. Byrne was most recently a Senior Consultant in Alternat... READ MORE...
posted on Tuesday, July 21, 2009
Advanced Telemetry Raises Series B
San Diego-based Advanced Telemetry, a developer of energy monitoring systems, said today that it has closed a Series B investment round for the company. Size of the round was not disclosed. The firm said the round was led by Quercus Trust, ... READ MORE...
posted on Tuesday, July 21, 2009
Telogis Gets $2M
Aliso Viejo-based Telogis, a developer of wireless fleet management software, has raised $2.0M in venture funding. The funding was revealed in this quarter's PwC/NVCA MoneyTree report. Details on the funding have not been released. Telogis ... READ MORE...
posted on Tuesday, July 21, 2009
NVCA Reports $3.7B In Investments Nationally; SoCal Lags
PricewaterhouseCoopers and the National Venture Capital Association are reporting today that venture capitalists invested $3.7B in 612 deals in Q2 of the year, according to data from Thomson Reuters, with Southern California seeing $331.2M ... READ MORE...
posted on Tuesday, July 21, 2009
BeneChill Pulls In $13.5M
San Diego's BeneChill, a firm developing medical devices for rapid, non-invasive cooling of patients for the treatment of cardiac arrest, stroke, or head injury, said Monday that it has raised $13.5M in a Series C financing round. The round... READ MORE...
posted on Monday, July 20, 2009
Numira Biosciences Gets $3.2M
Irvine-based Numira Biosciences, a contract research organization focused on high resolution imaging, has raised $3.2M in a funding round, according to a recent regulatory filing by the firm. No details on the funding have been announced by... READ MORE...
posted on Monday, July 20, 2009
Femta Pharmaceuticals Raises $1M
San Diego-based Femta Pharmaceuticals, which is focused on protein therapeutics, has raised $1.0M in an equity fundraise, according to a regulatory filing by the firm last week. Investors in the stealth-mode firm were not disclosed. The fi... READ MORE...
posted on Monday, July 20, 2009
Report: Venture Investments Total $5.27B For Q2
The second quarter venture capital numbers from Dow Jones VentureSource were released over the weekend, with the firm reporting $5.27 billion across 595 deals invested in Q2, down from $8.33 billion in 726 deals for Q2 of last year, but up ... READ MORE...
posted on Monday, July 20, 2009
Insights and Opinions: Top 10 Board Meetings Do's And Don'ts For CEOs
This morning's Insights & Opinions piece comes from Jim Armstrong, Managing Director at Clearstone Venture Partners. Jim is very active helping Southern California's aspiring entrepreneurs, and has been instrumental in helping to promote th... READ MORE...
posted on Thursday, July 16, 2009
YouMail Gets $1.5M In Debt Funding
Aliso Viejo-based YouMail, which develops personalized voice mail and messaging services, has raised $1.5M in a debt financing round, according to a regulatory filing from the firm this morning. No details on the source or terms of the fund... READ MORE...
posted on Wednesday, July 15, 2009
SharesPost: Sales In Escrow, New Research
Santa Monica-based SharesPost, which has created on online marketplace for sellers and buyers of private company stock, reported to its users late Friday that the firm now has sales of LinkedIn, Linden Lab, Tesla Motors, and SugarCRM going ... READ MORE...
posted on Monday, July 13, 2009
Kaai Gains $3.5M In Series B
Goleta-based Kaai, the secretive LED startup working on next generation lasers, has raised $3.5M in a Series B funding round, according to a regulatory filing by the firm. Details on the funding have not been released by the company. Kaai i... READ MORE...
posted on Monday, July 13, 2009
Domain Leads VC Funds, As Overall VC Fundraising Drops To $1.7B
A report on venture capital fundraising released this morning reveals that Domain Associates, which has its west coast offices located in San Diego, was the biggest venture capital fundraise in Q2, with a $371.1M early stage fund, Domain Pa... READ MORE...
posted on Monday, July 13, 2009
Interview with Mark Suster, GRP Partners
This morning's interview is with Mark Suster, a venture capitalist at GRP Partners (www.grpvc.com). GRP has just recently closed on a new $200M fund, and Mark has been one of the more active venture capitalists in the Los Angeles area in re... READ MORE...
posted on Monday, July 13, 2009
Scoperta Adds $1.4M
San Diego-based Scoperta, which is developing fabless specialty steel technology utilizing scrap materials, has raised $1.4M out of a $1.875M round, according to a regulatory filing. Other details on the funding have not been released, how... READ MORE...
posted on Friday, July 10, 2009
Helixis Raises $5.3M
Carlsbad-based Helixis, a developer of nucleic acid analysis tools based on technology spun out of Caltech, has raised $5.3M out of a ongoing, $10.0M venture round. According to a regulatory filing, some of the funds involved in the deal in... READ MORE...
posted on Friday, July 10, 2009
Southern California Deals Total Around $932M For Q2
A recent analysis by socalTECH, of our detailed tracking of venture capital investment activity in Southern California, finds that there was around $932M in funding raised in the area in Q2, a rise from roughly $700M in Q1. Surprisingly, th... READ MORE...
posted on Thursday, July 9, 2009
Intellikine Raises $51M
La Jolla-based Intellikine, a developer of small molecule drugs for the treatment of cancer, inflammation, and autoimmune diseases, said Wednesday that it has raised $51M in a financing round for the firm. The round was led by Novartis Biov... READ MORE...
posted on Thursday, July 9, 2009
GumGum Confirms Investment Round
Santa Monica-based GumGum, the online startup headed by Ophir Tanz which licenses photos on a CPM basis to online publishers, confirmed it had raised $2.6M in a venture round Wednesday, telling socalTECH that the Series A-1 round was led by... READ MORE...
posted on Thursday, July 9, 2009
GumGum Raises $2.6M
Santa Monica-based GumGum, which sells photos and other content on a CPM basis to online publishers, has raised $2.6M in a venture round, according to a regulatory filing from the firm. No details on the funding have yet been released by th... READ MORE...
posted on Wednesday, July 8, 2009
ZADSPACE Gains More Funding
El Segundo-based ZADSPACE, a stealth mode firm developing advertising related products or technology, has raised an additional $500,000 in funding, according to a regulatory filing from the firm, bringing its total fundraising to $1.91M. De... READ MORE...
posted on Wednesday, July 8, 2009
NEXUS Biosystems Gains New Funding
Poway-based NEXUS Biosystems, a manufacturer of scientific equipment used to automate handling of samples for pharmaceutical, biotech, agrichemical, and research firms, disclosed this morning that has received a majority equity and growth f... READ MORE...
posted on Tuesday, July 7, 2009
Somaxon Gets $6M In PIPE
San Diego-based Somaxon Pharmaceuticals reports today that the publicly held firm has received a $6M, private equity financing. The firm said that the funding came from its existing venture investors, including MPM Capital, Montreux Equity ... READ MORE...
posted on Tuesday, July 7, 2009
Miles Electrical Vehicles Gains More Funding
Santa Monica-based Miles Electrical Vehicles--now known as Coda Automotive--has raised around $11M in additional funding in an ongoing, $40M funding round, according to a regulatory filing from the firm today. In the filing, the firm said i... READ MORE...
posted on Monday, July 6, 2009
Nextwave Wireless Gets Investment From DOCOMO
San Diego-based NextWave Wireless, a developer of embedded multimedia software for the mobile market, said this morning that DOCOMO has acquired 35 percent of the firm's PacketVideo subsidiary, for $45.5M. In addition, NextWave Wireless sai... READ MORE...
posted on Monday, July 6, 2009
CoreObjects Scores $2M In Venture Funding
Los Angeles-based CoreObjects, a provider of outsourced product development services to the venture-backed technology community, has raised $2.0M in a equity funding round, according to a regulatory filing by the firm today. Details on the ... READ MORE...
posted on Wednesday, July 1, 2009
Report: Six Year Low For Venture-Backed Liquidity, Despite IPOs
Dow Jones VentureSource is reporting today that Q2 of this year was "one of the worst" ever for venture capital backed firms, in terms of liquidity, since early 2003. According to Dow Jones, there was only $2.8 billion in exits for the quar... READ MORE...
posted on Wednesday, July 1, 2009
Report: Green Technology Deals Up In Q2
A report released Tuesday afternoon by publisher Greentech Media says that green technology investments hits $1.2 billion in Q2, up from $836M in the first quarter of the year. According to the report, there were 85 deals in Q2 versus 59 de... READ MORE...
posted on Tuesday, June 30, 2009
MojoPages Gets $5M
San Diego-based MojoPages, which operates a white-label, online directory of local businesses, said today that it has raised $5M in a Series A funding round. The round was led by Austin Ventures. According to MojoPages, the funding will go ... READ MORE...
posted on Tuesday, June 30, 2009
Ambit Biosciences Gets $6.4M In Debt
San Diego-based Ambit Biosciences, a developer of small molecule profiling tools being used for biopharmaceuticals development, has raised $6.5M in an ongoing, debt round, according to a filing from the firm today. Details on the debt round... READ MORE...
posted on Monday, June 29, 2009
ParAccel Raises $22M
San Diego- and Cupertino-based ParAccel, a developer of software for massively parallel databases used for data warehousing analytics, announced today that it has raised $22M in a venture capital round. The round came from Menlo Ventures, a... READ MORE...
posted on Monday, June 29, 2009
Cyber Rain Raises $792K
Westlake Village-based Cyber-Rain, a developer of smart irrigation controllers, has raised $792,454 in an equity funding raise, according to a regulatory filing by the firm this week. No details on the funding have been released by the firm... READ MORE...
posted on Friday, June 26, 2009
Red Mango Gets $1.2M
Sherman Oaks-based Red Mango, one of a number of Korean-style frozen yogurt chains based in Los Angeles, has raised $1.2M of a $8M, venture funding round, according to a recent regulatory filing by the company. No details on the funding hav... READ MORE...
posted on Friday, June 26, 2009
Citysearch, IAC Looks To Contest For Business Ideas
West Hollywood-based Citysearch, the local reviews and directory service of IAC, has taken an unusual approach to finding its next business idea: it's running a contest which asks its users to submit a "brilliant" idea for web and mobile ap... READ MORE...
posted on Thursday, June 25, 2009
Jurvetson Leading SpaceX Funding, Says Report
Venture capitalist Steve Jurvetson, of Draper Fisher Jurvetson, is the lead on a $60M venture capital round in Hawthorne-based SpaceX, the space rocket firm headed by Elon Musk, according to PE Week. SpaceX--which disclosed earlier this yea... READ MORE...
posted on Wednesday, June 24, 2009
Clean Green Guy Finds Funding, Targets Green Deals
Los Angeles-based Clean Green Guy has closed on a Series A funding, the firm said recently, towards development an online deal marketplace focused on green entrepreneurs. According to the firm, the round came from Artilient Capital Partners... READ MORE...
posted on Wednesday, June 24, 2009
AirGain Gets $1.875M
Carlsbad-based AirGain, a developer of high performance, smart antennas for the Wi-Fi and MIMO parket, has raised nearly $1.875M out of an ongoing, $3.75M funding round, according to a regulatory filing from the firm last week. The round in... READ MORE...
posted on Monday, June 22, 2009
Online Learning Firm With Links To USC Gets Funded
A New York-based online learning firm with links to the University of Southern California has scored a round of funding, and added Redpoint's Greg Martin to its board, the firm said this morning. 2tor said it raised $10M in a Series A finan... READ MORE...
posted on Monday, June 22, 2009
Geodelic Ships Application With T-Mobile
Santa Monica-based Geodelic announced today that the firm is shipping a new application for local discovery, along with T-Mobile USA. According to the venture backed firm, the new software for T-Mobile's myTouch 3G, learns a user's favorite... READ MORE...
posted on Monday, June 22, 2009
Givezooks Lands $500K In Debt Funding
Santa Barbara-based Givezooks, an online site focused on charity giving, disclosed this week that the firm has raised $500,000 in a debt financing. Source or details of the financing were not released by the company. Givezooks operates a si... READ MORE...
posted on Friday, June 19, 2009
Sorrento Therapeutics Gets $2.3M
San Diego-based Sorrento Therapeutics, a new biotechnology startup, has raised $2.3M in an equity funding round, according to a regulatory filing by the firm yesterday. Source of the funding was not disclosed. The firm is headed by Antonius... READ MORE...
posted on Friday, June 19, 2009
Maverick Angels Expands Network
Maverick Angels, one of the angel investment groups in the Los Angeles area, said this afternoon that the group is launching two new chapters, expanding into the Santa Barbara and South Bay area. According to a note from John Dilts, the ang... READ MORE...
posted on Thursday, June 18, 2009
V-Vehicle Gets Kleiner Backing, Opens Louisiana Plant
San Diego-based V-Vehicle Company and venture capital firm Kleiner Perkins Caufield & Byers teamed up with the Governor of Louisiana and the Louisiana Economic Development agency yesterday to announce that it has purchased a defunct automot... READ MORE...
posted on Thursday, June 18, 2009
EcoDog Scores Angel Funding
San Diego-based EcoDog, a developer of home energy efficiency and monitoring systems, said this morning that the firm has raised a round of angel funding. Amount of the funding was not disclosed. According to EcoDog, the funding came from T... READ MORE...
posted on Wednesday, June 17, 2009
Interview with Greg Brogger, SharesPost
Yesterday, Santa Monica-based SharesPost (www.sharespost.com) launched a new service of particular interest to the venture capital and high tech startup market, a new, online service which facilitates the buying and selling of private compa... READ MORE...
posted on Wednesday, June 17, 2009
Permlight Gains Debt Financing
Tustin, California-based Permlight Products, a developer of products for the LED-based lighting market, has raised $750,000 in a venture debt round, according to funding provider Agility Capital. According to Agility, the debt facility will... READ MORE...
posted on Tuesday, June 16, 2009
AVST Gets $1.5M
Foothill Ranch-based Applied Voice & Speech Technologies has raised $1.5M out of a $3M financing round, including equity and options, according to a regulatory filing from the firm this morning. Details on the funding have not been released... READ MORE...
posted on Monday, June 15, 2009
DTT Surveillance Gets $7M
Los Angeles-based DTT Surveillance, a supplier of equipment used for digital surveillance of restaurants, announced this week that it has raised $7M in a growth equity funding round. The funding was led by Post Capital Partners, and also in... READ MORE...
posted on Thursday, June 11, 2009
CyberDefender Gains $2M From Guthy-Renker
Los Angeles-based CyberDefender, a developer of PC security and antivirus software, announced Thursday that the firm has raised $2.0M in equity from marketing firm Guthy-Renker. According to the firm--which is traded OTC--the restricted com... READ MORE...
posted on Thursday, June 11, 2009
Study: U.S. Venture Capital Industry Needs To Shrink
A study released today by the Ewing Marion Kauffman Foundation concludes that the U.S. venture capital industry needs to shrink, in order to resuscitate the industry. According to the study, "Right-Sizing the U.S. Venture Capital Industry,... READ MORE...
posted on Wednesday, June 10, 2009
TrueVision Systems Adds $1.2M
Santa Barbara-based TrueVision Systems, a developer of 3D visualization technology used for microsurgery, said this week that it has raised $1.2M in a convertible financing round, part of an effort which will raise $2M for the firm. TrueVis... READ MORE...
posted on Tuesday, June 9, 2009
aFraxis Gets $750K
San Diego-based aFraxis, a stealth-mode firm developing treatments for Fragile X Syndome and autism, has raised $750,000 in a funding round, according to a regulatory filing by the firm Tuesday. Details on the funding have not been announce... READ MORE...
posted on Tuesday, June 9, 2009
Topanga Technologies Ups Funding To $3.45M
Canoga Park-based Topanga Technologies, a stealth-mode, developer of energy efficient lighting systems, has now raised $3.45M in funding for the firm, according to a regulatory filing by the company today. Details of the funding have not be... READ MORE...
posted on Monday, June 8, 2009
RingRevenue Takes $3.5M
Santa Barbara-based RingRevenue, which is developing technology for pay-per-call, telephone affiliate advertising, has raised $3.5M in a funding from GRP Partners, Rincon Venture Partners, and Great Pacific Capital. The firm is headed by fo... READ MORE...
posted on Wednesday, June 3, 2009
XCast Labs Raises $2.7M
Los Angeles-based XCast Labs is announcing this morning that it has raised $2.7M in a Series A funding round, for the firm's voice-over-IP services. According to XCast, the funding includes an investment by Siemer and Associates, as well as... READ MORE...
posted on Wednesday, June 3, 2009
WiSpry Pulls In $10M More
Irvine-based WiSpry a developer of programmable RF semiconductors, disclosed late Monday that the firm has raised another $10M in its Series C funding round. According to WiSpry, the additional investment came from Chart Venture Partners an... READ MORE...
posted on Monday, June 1, 2009
Tandem Diabetes Gets $21.3M
San Diego-based Tandem Diabetes, a developer of insulin pumps, has raised $21.3M out of a $52.3M funding round, according to a regulatory filing by the firm Friday. Details on the funding have not been released by the company. Tandem has pr... READ MORE...
posted on Friday, May 29, 2009
Chumby Raises $3M In Debt
San Diego-based Chumby, a maker of a Internet-enabled information device, has raise $3M in a funding round, according to a regulatory filing from the firm Thursday. According to the filing, the funding came in the form of debt plus warrants... READ MORE...
posted on Thursday, May 28, 2009
Velocity Interactive, Best Buy Form Digital Media Fund
Los Angeles-based venture capital firm Velocity Interactive Group, the venture firm headed by Ross Levinsohn, said this morning that it has renamed itself Fuse Capital, and entered into a strategic partnership with Best Buy through a new, d... READ MORE...
posted on Thursday, May 28, 2009
Interview with Peter Lee, Baroda Ventures
A few months ago, Peter Lee--a venture local capitalist who has served at firms such as Prism Ventures and Clearstone Ventures Partners--joined a relatively unknown venture firm here in Southern California, Baroda Ventures (www.barodaventur... READ MORE...
posted on Wednesday, May 27, 2009
Ophthonix Gains $25.9M In Series AA
Vista-based Ophthonix, which is developing high definition vision correction products, announced Tuesday afternoon that it has raised $25.9M in what it is calling a "Series AA" funding round. According to the firm, investors in the new roun... READ MORE...
posted on Tuesday, May 26, 2009
Local Angels: Still Investing, But More Selective
Last week's angel investment report by the Angel Capital Association reported that investments by angel investors dropped nine percent in 2008, with a hefty percentage of angel investors--40 percent--expecting this year will be a down year.... READ MORE...
posted on Tuesday, May 26, 2009
X1 Technologies Gains New Funding, CEO
Pasadena-based X1 Technologies, a developer of desktop search software, announced today that the firm has raised new funding from backer Idealab, plus made a few executive changes. Size of the new investment round in the firm was not disclo... READ MORE...
posted on Tuesday, May 26, 2009
OpenX Gets $10M
Pasadena-based OpenX Technologies, a developer of ad serving software for web publishers, said this morning that it has raised $10M in a Series C funding round. According to the firm, the new round was led by DAG Ventures, and also included... READ MORE...
posted on Tuesday, May 26, 2009
Study: Angel Investments Drop In 2008
The Angel Capital Association reported this week that investing activity by angel investments groups dropped by nine percent between 2008 and 2007, and 40 percent of angel groups expect overall investment to decrease again this year. The gr... READ MORE...
posted on Thursday, May 21, 2009
Quartics Raises $13.3M
Irvine-based Quartics, the digital media processing chip firm headed by former AST founder Safi Qureshey, has raised $13.3M as part of an ongoing, $21.7M fundraising, according to a regulatory filing from the firm. Details on the new fundin... READ MORE...
posted on Thursday, May 21, 2009
NeoMend Finds $2.7M
Irvine-based NeoMend, which is developing wound healing products, disclosed this week via a regulatory filing that it has raised $2.7M out of a $3.5M funding round for the company, consisting of a convertible note along with warrants conver... READ MORE...
posted on Thursday, May 21, 2009
Breach Security Gets $2.0M In Convertible Debt
Carlsbad-based security software firm Breach Security has raised $2.0M more in a convertible debt financing, according to a regulatory filing by the firm this week. No details on the funding have been released. Breach has previously raised ... READ MORE...
posted on Thursday, May 21, 2009
Aragon Pharmaceuticals Gets $8M
La Jolla-based Aragon Pharmaceuticals reported Wednesday that it has raised $8M in a Series A financing. The firm, which is focused on small molecule therapeutics for treating hormone-resistant cancers, said that the financing was led by Th... READ MORE...
posted on Thursday, May 21, 2009
Loop'd Network Gains $800K
San Diego-based Loop'd Network, an online site focused on action sports, announced this morning that it has raised $800,000 in additional funding. According to Loop'd, the funding came from its existing investors, along with new investor th... READ MORE...
posted on Wednesday, May 20, 2009
Tech Coast Angels: $100M Invested
The Tech Coast Angels is reporting this morning that its members have now invested a total of $100M in Southern California companies, since it started in 1997. The angel investing group said the $100M was invested in more than 150 Californi... READ MORE...
posted on Tuesday, May 19, 2009
Fulham Lights Up With $10M
Hawthorne-based Fulham, a assembler and distributor of electronic ballasts for the lighting market, has scored $10M in a venture investment, according to investor Braemer Energy Ventures. Fulham's products are used for powering fluorescent,... READ MORE...
posted on Tuesday, May 19, 2009
Terralliance Technologies Gains New Funding
Newport Beach-based Terralliance Technologies, which uses aircraft remote sensing for national resources mapping, said Thursday afternoon that it has gained new funding for the firm. The company did not disclose financial terms, or investor... READ MORE...
posted on Thursday, May 14, 2009
Slacker Raises $9.6M
San Diego-based online music provider Slacker has raised $9.6M in a funding round, based on a regulatory filing from the company. Slacker said in the filing that it raised just over $9.6M of a $10.2M round. Details on the funding have not b... READ MORE...
posted on Thursday, May 14, 2009
Altair Therapeutics Names New CEO
San Diego-based Altair Therapeutics, which is developing treatments for respiratory diseases, said Thursday that it has named Joel Martin, Ph.D., as its President and CEO. Marin was most recently a venture capitalists at Forward Ventures--o... READ MORE...
posted on Thursday, May 14, 2009
Anaphore Takes $13M
La Jolla-based Anaphore, a developer of protein therapeutics, announced today that it has raised an additional $13M in the firm's Series A preferred stock financing. According to the firm, the new funding brings the total round size to $38M... READ MORE...
posted on Thursday, May 14, 2009
OptionEase Raises $2.5M
San Juan Capistrano-based OptionEase, a developer of software-as-a-service for managing stock options accounting, disclosed late Wednesday that the firm has raised $2.5M in a Series A funding round. The round came from GADS Option Fund as w... READ MORE...
posted on Thursday, May 14, 2009
PwC's Bill Molloie: Perspectives On Venture Investing In China
Having just returned from a three year stint serving the venture capital market in Shanghai, Bill Molloie--new head of PricewaterhouseCooper's San Diego emerging life sciences practice--has a unique view of the venture capital market. Mollo... READ MORE...
posted on Wednesday, May 13, 2009
HauteLook Gains $10M
Los Angeles-based HauteLook, which operates a private shopping club, said this week that it has raised $10M in a venture round from Insight Venture Partners. According to the firm, the company operates private sales where it offers brands a... READ MORE...
posted on Tuesday, May 12, 2009
High Density Networks Finds $1M
Los Angeles-based High Density Networks, a provider of Wi-Max and Internet access, announced late Monday that it has raised $1M in a funding round. According to the firm, the investment came from existing investor Certare Ventures and new C... READ MORE...
posted on Tuesday, May 12, 2009
Report: Cleantech Investments Also Drop in Q1
Clean technology investments were not immune from the global slowdown, showing a 69 percent drop in capital and 48 percent decline in deals in Q1, according to a recent analysis by Ernst & Young. According to the firm, clean technology firm... READ MORE...
posted on Monday, May 11, 2009
Cytori Therapeutics Gains $4.2M in PIPE
San Diego-based Cytori Therapeutics said Thursday that it has raised approximately $4.2M in a private placement with undisclosed investors. The publicly held firm said the funding will go towards sales and marketing of its products. Cytori ... READ MORE...
posted on Thursday, May 7, 2009
SupplyFrame Gains $1.5M
Pasadena-based SupplyFrame, which operates a service for searching for information on electronic components, has raised $1.5M in an initial funding of a $4.0M round, according to a regulatory filing. Details on the funding have not been rel... READ MORE...
posted on Wednesday, May 6, 2009
Transonic Combustion Gets Series C Funding
Camarillo-based Transonic Combustion, which is developing fuel injection systems for the automotive industry, said Wednesday that the firm has raised a Series C round of funding. The funding came from Venrock, Khosla Ventures, Rustic Canyon... READ MORE...
posted on Wednesday, May 6, 2009
StrataCare Gains Funding
Irvine-based StrataCare, a provider of Internet-based software for managing worker's compensation payments, announced this morning that an investment group has acquired an ownership stake in the firm. According to StrataCare, the group, led... READ MORE...
posted on Wednesday, May 6, 2009
Interview with John Tomich, Onestop Internet
Yesterday, Rancho Dominguez-based Onestop Internet (www.onestop.com) announced that the firm has raised $13.3M in a Series A venture round. We had the chance to talk with co-founder John Tomich about the funding and the firm, which operates... READ MORE...
posted on Tuesday, May 5, 2009
Onestop Internet Raises $13.3M
Rancho Dominguez-based Onestop Internet, a developer of e-commerce web sites for brands, has raised $13.3M in a later stage, Series A funding from Bessemer Venture Partners, one of the firm's co-founders, John Tomich, told socalTECH Monday ... READ MORE...
posted on Monday, May 4, 2009
PhotoThera Gets $50M
Carlsbad-based PhotoThera, which is developing laser therapy for the treatment of acute ischemic stroke, said Thursday that it has raised $50M in a Series D round of financing. The round was led by Warburg Pincus, and also included The Vert... READ MORE...
posted on Friday, May 1, 2009
View2Gether.com Gains Funding
Los Angeles-based View2Gether.com, which is developing a product which will allow users to watch and share video content in real-time, said this week that it has raised a Series A investment round. Size of the round was not disclosed. Accor... READ MORE...
posted on Thursday, April 30, 2009
Disney Invests In Hulu
The Walt Disney Company is the latest firm to invest in online video aggregator Hulu, saying this morning that it has agreed to join NBC Universal, New Corporation, and Providence Equity Partners as a joint venture partner in the site. Acco... READ MORE...
posted on Thursday, April 30, 2009
Everbridge Raises $2M
Los Angeles-based Everbridge, a provider of emergency notification systems, announced Wednesday that the firm has raised $9M in a Series A financing. The funding came from ABS Ventures. According to Everbridge, the new funding will go to pu... READ MORE...
posted on Thursday, April 30, 2009
VCs: Southern California Startups Not Just Content
Southern California's venture capital industry isn't just content and media, but is gaining a reputation for companies who "actually know how to make money,"--or so says Highland Capital's Richard de Silva. Speaking on a panel on Venture Ca... READ MORE...
posted on Wednesday, April 29, 2009
Eucalyptus Systems Lands $5.5M
Santa Barbara-based Eucalyptus Systems, a developer of software for managing cloud computing infrastructure, has scored $5.5M in a Series A funding round. The firm said the funding was led by Benchmark Capital, along with participation by B... READ MORE...
posted on Wednesday, April 29, 2009
Visiogen Gains $40M In Funding
Irvine-based Visiogen is reporting this morning that it has raised $40M in a financing round for its intraocular lens technology. The firm said the funding was led by Novartis Venture Fund, and also included investments from Technology Part... READ MORE...
posted on Monday, April 27, 2009
Interview with Scott Lenet, DFJ Frontier
Seed stage, venture capital fund DFJ Frontier (www.dfjfrontier.com) announced this morning that it has raised its second fund, worth $55M. We sat down with Managing Director Scott Lenet last week, ahead of the announcement, to chat about th... READ MORE...
posted on Monday, April 27, 2009
DFJ Frontier Raises $55M Venture Fund
Los Angeles-based seed stage venture fund DFJ Frontier is announcing today that it has closed a second, $55M fund, expanded its team, and opened up new offices. According to the firm, it raised $55.4M from mostly institutional investors, wi... READ MORE...
posted on Monday, April 27, 2009
EPS Corp Gets $30M
Costa Mesa-based EPS Corp, a provider of energy intelligence software to help manage corporate energy and carbon reduction efforts, said today that it has raised $30M in a Series B funding round. According to EPS, the funding was led by Alt... READ MORE...
posted on Thursday, April 23, 2009
Abraxis Invests In Biotech Firm
Los Angeles-based Abraxis BioScience, a biotechnology firm focused on treatments for cancer and other illnesses, is the lead investor in a Maryland-firm developing technology for tissue protein analysis. According to Rockville, Maryland-bas... READ MORE...
posted on Tuesday, April 21, 2009
H2O Audio Raises $1M
San Diego-based H2O Audio has apparently raised around $1M in funding, according to a recent regulatory filing. H2O Audio is a developer of waterproof housings for MP3 players like the Apple iPod and other digital music players, which can b... READ MORE...
posted on Monday, April 20, 2009
SpotRunner Sued By Investor
Los Angeles-based SpotRunner, a venture-backed firm which helps businesses place television advertising, is the target of a lawsuit from investor WPP, according to a report from AdAge. According to the report and copies of the lawsuit poste... READ MORE...
posted on Monday, April 20, 2009
Venture Capital Hits 12 Year Low
The latest venture capital numbers from both PricewaterhouseCoopers/NVCA based on data from Thomson Financial, and numbers also released over the weekend by Dow Jones VentureSource, finds that venture capital is at a twelve year low. The ... READ MORE...
posted on Monday, April 20, 2009
Nirvanix Confirms Funding Round
San Diego-based Nirvanix confirmed today that the firm has raised $5M in a new venture funding round. According to the firm, the new round came from original investors Intel Capital, Mission Ventures, Valhalla Partners, and Windward Venture... READ MORE...
posted on Wednesday, April 15, 2009
Geosemble Technologies Nabs Investment From In-Q-Tel
El Segundo-based Geosemble Technologies, a developer of geospatial data integration and mapping software, said today that it has received a strategic investment from In-Q-Tel, the venture capital arm of the CIA. Size of the investment was ... READ MORE...
posted on Tuesday, April 14, 2009
Big Stage Entertainment Raises $2.7M
Los Angeles-based Big Stage Entertainment is announcing this morning that it has raised an additional $2.7M in a Series B funding for the firm. According to the company, the funding came from Mission Ventures, Selby Ventures, and the Tech C... READ MORE...
posted on Tuesday, April 14, 2009
VC Fundraising Slows
Startups aren't the only ones seeing a slowdown in fundraising: a report released today finds that venture capitalists themselves are seeing a slowdown in their ability to raise funding. According to a report released this morning by Thomso... READ MORE...
posted on Monday, April 13, 2009
TechForward Grabs Funding
Los Angeles-based TechForward, a provider of guaranteed buyback plans for consumer electrics, has quietly raised $800,000 in additional funding, according to a regulatory filing. Details of the funding have not been released. TechForward ha... READ MORE...
posted on Monday, April 13, 2009
Rubicon Projects Raises $13M More
Los Angeles-based Rubicon Project, which operates an online advertising optimization service, is announcing this morning that the firm has raised $13M more in a combination of equity and debt. The investment included $5M in equity funding f... READ MORE...
posted on Monday, April 13, 2009
Nirvanix Gains $5M
San Diego-based Nirvanix, a provider of Internet-based storage services, has raised $5M out of a $6M venture capital funding round, according to a regulatory filing. The filing, which was filed Friday, said that the funding came April 3rd. ... READ MORE...
posted on Friday, April 10, 2009
EnLink Geoenergy Raising Round, Relocates To LA
Los Angeles-based clean technology investor Craton Equity Partners is reporting today that the firm is in the midst of raising a $10M, second round of funding for portfolio firm EnLink Geoenergy Services. According to Craton, as part of the... READ MORE...
posted on Thursday, April 9, 2009
Equipois Raises $1M
Los Angeles-based Equipois, has raised $1M in a recent venture funding round, the firm told socalTECH this week. The firm--which develops mechanical devices to make objects weightless, used by manufacturers and others to reduce workplace in... READ MORE...
posted on Thursday, April 9, 2009
InteliCloud Raises Series A Funding
Newport Beach-based InteliCloud, a manufacturer of network equipment, is announcing today that it has raised a Series A financing round. Amount of the funding was not disclosed. The firm said the round was led by Media One Direct, a content... READ MORE...
posted on Thursday, April 9, 2009
TouchCommerce Confirms Funding
Agoura Hills-based TouchCommerce, a provider of online chat to help ecommerce retailers convert customers, confirmed Wednesday afternoon that the firm has raised $10M in a funding round. The round was led by new investor Sierra Ventures, an... READ MORE...
posted on Wednesday, April 8, 2009
Report: TouchCommerce Lands $10M
Agoura Hills-based TouchCommerce, a provider of live chat services to help companies convert online customers, has reportedly raised $10M in a venture funding round. According to PEHub.com, the round included participation by existing inves... READ MORE...
posted on Wednesday, April 8, 2009
Ethertronics Gets $4M
San Diego-based Ethertronics, a developer of embedded antennas used for cellular, WiFi/WiMax, GPS, Bluetooth and other wireless devices, has raised $4.0M in a equity funding round, according to a recent regulatory filing by the firm. Detail... READ MORE...
posted on Wednesday, April 8, 2009
Socialcast Confirms Round, But Headed North
Irvine-based Socialcast has confirmed the firm's recent $1.4M funding, saying late Monday that the firm raised $1M in funding from True Ventures, along with $400,000 in angel investments. However, the firm also said in conjunction with the ... READ MORE...
posted on Tuesday, April 7, 2009
Cianna Medical Finds $10M
Aliso Viejo-based Cianna Medical is reporting today that the firm has completed a Series B funding round worth more than $10M. The firm, which is developing treatments for early stage breast cancer, said the funding comes from Emergent Medi... READ MORE...
posted on Tuesday, April 7, 2009
WiSpry Gets $10M
Irvine-based WiSpry, which develops radio frequency (RF) semiconductors for the wireless industry, said this morning that it has raised $10M in a first close of a Series C financing. According to the firm, the round was led by Paladin Capit... READ MORE...
posted on Tuesday, April 7, 2009
Fisker Automotive Raises $85M
Irvine-based Fisker Automotive, which is developing plug-in, hybrid electric cars, said Monday that the firm has raised an additional $85M in venture capital funding. According to the firm, the funding will come from Eco-Drive (Capital) Par... READ MORE...
posted on Monday, April 6, 2009
Planetwide Games Raises $3.67M
Los Angeles-based Planetwide Games, a publisher of entertainment software and web sites, has raised $3.6M of a $4.0M funding round, including equity, debt, and warrants, according to a regulatory filing by the firm. The firm has not yet ann... READ MORE...
posted on Monday, April 6, 2009
Socialcast Gets $1.4M
Irvine-based Socialcast, a developer of social networking software for businesses, has raised $1.4M, according to a regulatory filing from the firm. Details on the funding, which closed April 1st, have not been released, however, the firm n... READ MORE...
posted on Monday, April 6, 2009
Wavestream Raises $7M
San Dimas-based Wavestream, a developer of solid state, RF (radio frequency) amplifiers, has raised $7.0M of an $8.0M funding round, according to a regulatory filing. Names of new investors in the firm were not disclosed, however, the firm ... READ MORE...
posted on Friday, April 3, 2009
LensX Lasers Raises $22M
Aliso Viejo-based LensX Lasers, a maker of cataract surgery devices, has raised $22.36M in a funding round, according to a recent regulatory filing. According to the filing, the funding came on March 19th, and included investors Versant Ven... READ MORE...
posted on Thursday, April 2, 2009
Traversa Therapeutics Lands $5M In Second Round
La Jolla-based Travera Therapeutics, which is developing biopharmaceuticals based on RNA interference (RNAi) technology, said Thursday that it has raised $5M in a Series B financing round. The round was led by Morningside Venture Investment... READ MORE...
posted on Thursday, April 2, 2009
SoCal Investments Totals Around $700M In Q1
Southern California Venture capital totals were up slightly in Q1 of this year from last quarter, to around $718M in deals, according to an analysis of socalTECH.com's proprietary venture database. According to numbers derived from socalTEC... READ MORE...
posted on Thursday, April 2, 2009
SpaceX Finds $15M
Hawthorne-based SpaceX, the commercial space rocket venture of Paypal's Elon Musk, disclosed Tuesday in a regulatory filing that the firm has raised $15M of an ongoing $60M, equity round. According to the filing, the first close occurred on... READ MORE...
posted on Wednesday, April 1, 2009
Ambrx Gains $10M
La Jolla-based Ambrx, which is developing protein and antibody drugs, said in a regulatory filing today that it has raised $10M. No details of the funding round have been disclosed. Ambrx has previously raised capital from 5AM Ventures, Mav... READ MORE...
posted on Wednesday, April 1, 2009
VC IPO Drought Continues
The drought in the IPOs of U.S., venture backed companies continued in Q1, according to numbers released by Dow Jones VentureSource. According to the firm, total merger and acquisition activity only totaled $3.2 billion in the first quarter... READ MORE...
posted on Wednesday, April 1, 2009
Rustic Canyon Bolsters LoopNet
Los Angeles-based venture capital investor Rustic Canyon Partners is part of a group investing $50M in private equity in San Francisco-based LoopNet, which operates an online marketplace for commercial real estate. According to LoopNet, Cal... READ MORE...
posted on Monday, March 30, 2009
Clarient Gets $50M In PIPE
Aliso Viejo-based Clarient, a provider of pathology and molecular testing services, said late Thursday that the firm has scored $50M in a convertible preferred stock private placement with venture capital firm Oak Investment Partners. Accor... READ MORE...
posted on Thursday, March 26, 2009
Ripple Lands $4M
El Segundo-based Ripple TV, an out-of-home advertising network, disclosed this morning that it has raised $4M in a venture capital round. The funding came from Draper Fisher Jurvetson and Trinity Ventures. According to Ripple, the firm plan... READ MORE...
posted on Thursday, March 26, 2009
XCast Labs Gains Funding
Los Angeles-based XCast Labs, a provider of hosted digital video and voice services, has recently scored an investment round. The round came from Siemer and Associates, along with angel investors. Financial details of the funding were not a... READ MORE...
posted on Wednesday, March 25, 2009
LeisureLink Gets $6.2M
Pasadena-based LeisureLink has closed on $6.2M in a first tranche of additional funding for the travel firm, the company disclosed today. LeisureLink, which provides a distribution and booking service for specialty lodging, said the round w... READ MORE...
posted on Wednesday, March 25, 2009
Total Beauty Acquires BeautyRiot, Gets Series C Funding
Santa Monica-based Total Beauty Media, which operates a user-generated beauty product reviews web site, said today that it has acquired competitor BeautyRiot, and scored a Series C funding round. The financial details behind the acquisition... READ MORE...
posted on Monday, March 23, 2009
Baroda Ventures Snags Lee As Partner
Beverly Hills-based Baroda Ventures, an early stage venture capital fund, has hired on Peter Lee as a new Partner at the firm. Lee joins the firm from Prism Ventures. Lee has also served at Clearstone Venture Partners, Fortis Partners, Gold... READ MORE...
posted on Friday, March 20, 2009
AdventureLink Buys Competitor, Get Investment
Los Angeles-based AdventureLink, the new adventure travel booking site run by Kelly Tompkins, announced this morning that it has acquired a competitor, Adventure Central. Financial terms of the acquisition were not disclosed. According to A... READ MORE...
posted on Thursday, March 19, 2009
Buzznet Raises $12.5M More
Los Angeles-based Buzznet, which operates a network of web sites focused on celebrities and pop culture, announced this morning that it has raised $12.5M and will rename itself Buzz Media. According to the company, the funding round was led... READ MORE...
posted on Thursday, March 19, 2009
InstaMed Gains $6M
InstaMed, which operates a network for healthcare payment processing, said Tuesday that the firm has raised $6M in a growth equity financing. The firm, which has operations in Newport Beach and is headquartered in Philadelphia, said the rou... READ MORE...
posted on Tuesday, March 17, 2009
Vicente Capital Partners Raises $165M Growth Equity Fund
Los Angeles-based private equity firm Vicente Capital Partners announced today that the firm has held a final close on its Growth Equity Fund, bringing the total commitment to the fund to $165M. The firm said that new capital commitments ca... READ MORE...
posted on Tuesday, March 17, 2009
Clearstone Ventures Into Apture
Santa Monica-based Clearstone Venture Partners is the lead investor in a Northern California firm focused on the blogging and publishing industry, Apture. Apture said this morning that Clearstone was the lead investor in a $4.1M, Series A i... READ MORE...
posted on Tuesday, March 17, 2009
NeoMatrix Gains $15M In Funding
Irvine-based NeoMatrix, a developer of a noninvasive breast cancer screening device, said Friday that it has completed a C2 funding round, worth $15M. Investors in the round were not disclosed. According to the firm, the round was oversubsc... READ MORE...
posted on Friday, March 13, 2009
Insights and Opinions: What's going on in venture capital in San Diego?
For our insights and opinions section today, we're featuring a recent podcast by Frank Peters, of the Frank Peters Show, and an angel investor. What's going on in venture capital in San Diego? And how will the changing venture economy af... READ MORE...
posted on Friday, March 13, 2009
Sangart Gets $50M
San Diego-based Sangart, a biopharmaceuticals firm focused on the commercialization of oxygen therapeutics, said Thursday that it has raised $50M in a Series F funding round. Names of investors were not disclosed, however, the firm said the... READ MORE...
posted on Friday, March 13, 2009
Cornerstone OnDemand Raises $12.7M
Santa Monica-based Cornerstone OnDemand, a developer of talent management and human resources management software, said Thursday afternoon that it has raised $12.7M in a new round of financing. The round was led by Meritech Capital, and als... READ MORE...
posted on Thursday, March 12, 2009
California Technology Ventures Invests In Games Firm
Pasadena-based venture capital firm California Technology Ventures has staked a developer of a video game software engine, Blade Games, with a $4M investment. According to Blade Games, which is based in Bellevue, Washington, CTV funded the ... READ MORE...
posted on Wednesday, March 11, 2009
9 Gets Funding Round
Los Angeles-based 9, a startup offering consulting and production for brands, entertainment, media, internet and retail companies, has raised a small round of funding from private investors. Details on the amount of funding were not release... READ MORE...
posted on Wednesday, March 11, 2009
Poly Plant Project Invests In Memory Firm
Burbank-based Poly Plant Project, a developer of semiconductor process technology for building polysilicon for producing solar cells and modules, has invested in a Silicon Valley firm, 4DS. 4Ds said that Poly Plant Project made the investme... READ MORE...
posted on Wednesday, March 11, 2009
Rotohog Raises $2M
Los Angeles-based Rotohog, which develops fantasy sports games for sports leagues and others, has raised $2M in an inside round led by Mission Ventures and DFJ DragonFund. Rotohog's CEO, Kelly Perdew, told socalTECH that the idea behind the... READ MORE...
posted on Tuesday, March 10, 2009
Enclarity Gains $5.5M In Series C Funding
Aliso Viejo-based Enclarity is announcing today that it has raised $5.5M in a Series C funding round. The round came from Bain Capital Ventures and Ignition Partners. According to Enclarity, the funding will go towards further research and ... READ MORE...
posted on Tuesday, March 10, 2009
RazorGator Gets $10M In Debt Financing
Los Angeles-based RazorGator, fresh off a recent equity financing round, said Monday that it has raised $10M in an debt financing extension from Hercules Technology Growth Capital. According to RazorGator, the extension will be used for "ag... READ MORE...
posted on Monday, March 9, 2009
Victory Pharma Raises $45M
San Diego-based Victory Pharma has raised $45M in an equity financing round, the firm said Monday. The round was led by Essex Woodlands Health Ventures, and also included prior investor Ampersand Ventures. According to Victory Pharma, Scott... READ MORE...
posted on Monday, March 9, 2009
RazorGator Confirms Funding
Los Angeles-based RazorGator announced Friday that it has close on $7.5M in a funding round, led by existing investors Kleiner Perkins Caufield & Byers, Oak Investment Partners, and Steamboat Ventures. The funding had been disclosed earlier... READ MORE...
posted on Friday, March 6, 2009
RazorGator Gains $7.5M
Los Angeles-based RazorGator, which provides an online ticketing service, has reportedly raised at least $7.5M in a venture funding round. No details on the funding have been released by the company, however, regulatory filings for the firm... READ MORE...
posted on Wednesday, March 4, 2009
Steamboat Invests In Celebrity Site
Los Angeles-based Steamboat Ventures has set its sights on the celebrity web space, and is the lead investor in a new round of funding for Fanzter, which operates the celebrity products site Coolspotters.com. According to Connecticut-based ... READ MORE...
posted on Wednesday, March 4, 2009
Regulus Therapeutics Raises $20M
Carlsbad-based Regulus Therapeutics, a biopharmaceuticals firm focused on microRNA-based therapeutics, announced this morning that it has raised $20M in a Series A funding round. The investment came from Alnylam Pharmaceuticals and Isis Pha... READ MORE...
posted on Wednesday, March 4, 2009
eSolar Lands $30M, Inks India Deal
Pasadena-based eSolar, which is developing solar thermal power plants and technology, disclosed this morning that it has scored $30M in an investment from Indian firm ACME Group, in conjunction with a deal to construct 1 gigawatt of solar p... READ MORE...
posted on Tuesday, March 3, 2009
Siimpel Scores Investment From Korean Firm
Arcadia-based Siimpel Corporation, which is developing MEMs-based components for mobile cameras, announced Monday afternoon that the firm has raised an additional round of investment from LG Innotek. Financial terms of the investment were n... READ MORE...
posted on Monday, March 2, 2009
BridgeCo Gains $6M More
Huntington Beach-based BridgeCo, a developer of semiconductors for the home media market, announced this morning that it has raised another $6M in financing. The new funding came from the firm's existing investors. BridgeCo is a maker of se... READ MORE...
posted on Thursday, February 26, 2009
PlaceVine Scores Seed Funding
Los Angeles- and New York-based PlaceVine, which operates a web-based service to connect brands and agencies to product placement opportunities in film, television, and new media, said Wednesday that it has scored a round of seed financing ... READ MORE...
posted on Thursday, February 26, 2009
MarketShare Partners Gets Investment From Elevation
Los Angeles-based MarketShare Partners, a provider of marketing analytics software said Wednesday afternoon that it has scored an investment round from Elevation Partners. Financial terms of the funding were not disclosed. According to Mark... READ MORE...
posted on Wednesday, February 25, 2009
TCA Hits $1B In Investments
The Tech Coast Angels, Southern California's largest angel investment group, disclosed this morning that it has finally reached the $1 billion mark in investments received by its portfolio firms. The group, which makes investments in local ... READ MORE...
posted on Monday, February 23, 2009
SOMARK Innovations Sets Up Shop In San Diego
SOMARK Innovations, a firm which is developing chipless, RFID tattoo technology used for animal identification, is setting up shop in San Diego, the firm disclosed earlier this month. The company--which also landed a venture capital round f... READ MORE...
posted on Thursday, February 19, 2009
OVGuide.com Gets $5M
Beverly Hills-based OVGuide.com, an online site focused on video discovery and search, disclosed today that the firm has received $5M in funding from Baroda Ventures LLC, the investment firm of former GeoCities founder David Bohnett. Accord... READ MORE...
posted on Wednesday, February 18, 2009
Kythera Biopharmaceuticals Lands $10M
Los Angeles-based Kythera Biopharmaceuticals, which is developing products for the aesthetic medicine market, disclosed this morning that it has received $10M as part of the firm's Series C funding round. According to Kythera, the round inc... READ MORE...
posted on Wednesday, February 18, 2009
Cadence Pharmaceuticals Raises $86.6M In PIPE
San Diego-based Cadence Pharmaceuticals, which licenses, develops, and commercializes biopharmaceuticals, said Tuesday that it has reached an agreement to raise approximately $86.6M from a group of venture capital investors. The publicly he... READ MORE...
posted on Tuesday, February 17, 2009
CampusExplorer.com Gets $2.25M
Santa Monica-based CampusExplorer.com is announcing this morning that the firm has raised $2.25M in a Series B funding round, for the firm's online service for searching for colleges. The firm said the new round was led by OCA Ventures, and... READ MORE...
posted on Tuesday, February 17, 2009
Emergent Game Technologies Scores $12.5M
Calabasas-based Emergent Game Technologies, a supplier of video game development software, said Monday that it has raised $12.5M in a new round of funding. According to Emergent, the round was led by new investor Hopewell Ventures, and also... READ MORE...
posted on Tuesday, February 17, 2009
AdventureLink Gains Funding
Los Angeles-based AdventureLink, which operates an online booking system for adventure travel, announced today that it has raised a Series A funding for the firm. The funding came from Anthem Venture Partners and The Mail Room Fund. Amount ... READ MORE...
posted on Thursday, February 12, 2009
Celerus Diagnostics Gets $5M
Carpinteria-based Celerus Diagnostics, which is developing products focused on providing rapid cancer diagnostics, announced today that it has raised $5M in a Series C funding round. Investors in the new round were not disclosed. According ... READ MORE...
posted on Thursday, February 12, 2009
Mpex Pharmaceuticals Gains $27.5M
San Diego-based Mpex Pharmaceuticals said Tuesday that the firm has raised $27.5M in a Series D financing round. The firm, which is developing antibiotics, said that the round was led by Investor Growth Capital. Other investors in the firm ... READ MORE...
posted on Tuesday, February 10, 2009
Memeo Gains $3M
Aliso Viejo-based Memeo, which develops software for helping consumers manage their digital media, said today that it has scored $3M in a credit facility. The financing came from Square 1 Bank. According to Memeo, the funding will allow the... READ MORE...
posted on Tuesday, February 10, 2009
Zadspace Raises $1.4M
El Segundo-based Zadspace, a stealth mode firm developing advertising technology, has quietly raised $1.40 in Series A venture funding. The funding came from DFJ Frontier, Crosscut Ventures and Gideon Hixon Fund. The firm's founders decline... READ MORE...
posted on Tuesday, February 10, 2009
Interview: Venture Capitalists On Pitching
For this morning's interview, we thought we'd try something different, and put together a virtual panel of venture capitalists to give us a few tips on pitching your company. We brought together Peter Cowen of Groundwork Equity, Mark Suster... READ MORE...
posted on Monday, February 9, 2009
Sendio Raises $3M
Irvine-based Sendio, which develops email spam filtering appliances, announced this morning that it has raised $3M in a Series B funding round. The round was led by Athenian Venture Partners, and also included Vicente Capital Partners (form... READ MORE...
posted on Monday, February 9, 2009
SynergEyes Sees $13.3M
Carlsbad-based SynergEyes, a developer of hybrid contact lenses, announced Friday that the firm has raised $13.3M in a Series C funding round. SynergEyes said that the round was led by De Novo Ventures, and also included Bio-Star Private Eq... READ MORE...
posted on Friday, February 6, 2009
Zag Round Totals $37.4M
Santa Monica-based Zag has finally revealed the total invested in its latest, strategic round of funding, saying Thursday that it raised $37.4M. The round came from USAA, and included Capricorn Investment Group, LLC, GRP Partners and Anthem... READ MORE...
posted on Thursday, February 5, 2009
Zag Gets Investment From USAA
Los Angeles-based Zag, the online car buying software firm headed by former CarsDirect CEO Scott Painter, has scored an investment from financial services firm USAA, USAA disclosed Thursday. USAA did not provide financial details behind the... READ MORE...
posted on Thursday, February 5, 2009
Borrego Solar Lands $14M
El Cajon-based Borrego Solar Systems, a developer of grid-tied solar electric power systems, announced this morning that the firm has received $14M in a venture financing round. The firm, which installs commercial, residential, and public s... READ MORE...
posted on Wednesday, February 4, 2009
USC Stevens On Tech Transfer: Understand Venture Capitalists
The USC Stevens Institute for Innovation, the effort of the University of Southern California to foster innovation within its campus and the community, has been turning an eye to how to more effectively spin out academic efforts into compan... READ MORE...
posted on Tuesday, February 3, 2009
Lucix Gains $3M
Camarillo-based Lucix, a manufacturer of microwave and millimeter devices and subsystems, has raised $3.0M in venture funding, according to numbers released in last week's PricewaterhouseCoopers/NVCA venture Capital report. No details on th... READ MORE...
posted on Monday, February 2, 2009
Integrien Gets Patent
Irvine-based Integrien, a provider of performance analysis software for the enterprise, said today that the firm has gained a patent for its technology. The patent is the firm's first. According to Integrien, the patent -- United State Pate... READ MORE...
posted on Monday, February 2, 2009
Sendio Scores $3.0M
Irvine-based Sendio, a developer of enterprise, anti-spam appliances, has scored $3.0M in a venture funding round. According to a spokesperson for the firm, the company raised $3.0M. The funding was first disclosed in regulatory filings and... READ MORE...
posted on Monday, February 2, 2009
Luxtera Snags $26.75M
Carlsbad-based Luxtera appears to have raised $26.75M in another venture round, according to this week's PricewaterhouseCoopers/NVCA MoneyTree report. The firm, which develops optical interconnects, is a Caltech spinoff. No details on the f... READ MORE...
posted on Friday, January 30, 2009
Siimpel's November Haul: $8.78M
Arcadia-based Siimpel, a developer of micro-electro-mechanical optical technology, hauled in $8.78M in its November funding, according to figures released in this week's PricewaterhouseCoopers/NVCA MoneyTree report. The firm--which disclose... READ MORE...
posted on Thursday, January 29, 2009
Report: Slacker Gets $5M Bridge
San Diego-based Slacker, which operates an Internet radio service, along with selling a music player linked to it service, has reportedly scored a $5M bridge financing round, according to industry publication VentureWire. VentureWire cited ... READ MORE...
posted on Wednesday, January 28, 2009
CitizenHawk Taps VC As COO
Aliso Viejo-based CitizenHawk, a provider of a service that helps companies monitor the use of their brands online, said this morning that it has tapped Brady Stout as the firm's new Chief Operating Officer. Stout was most recently a ventur... READ MORE...
posted on Wednesday, January 28, 2009
TheWrap Takes On Hollywood News
Hollywood-based TheWrap.com, a new online news site focused on entertainment and media, said it launched today, backed by venture capital firm Maveron. Maveron is a Seattle-based venture capital firm headed by Starbucks CEO Howard Schultz a... READ MORE...
posted on Monday, January 26, 2009
Southern California Venture Totals Drop in Q4
PricewaterhouseCoopers and the National Venture Capital Association (NVCA) released their 2008 Q4 MoneyTree Report this evening, reporting that $28.3 billion was invested in 3,808 deals in the fourth quarter of 2008. The report, based on da... READ MORE...
posted on Friday, January 23, 2009
Zag Raises Funding
Santa Monica-based Zag, which has developed an automobile configuration and buying service for affinity organizations like credit unions and automobile organizations, has a funding round of undisclosed size. TechCrunch has reported the roun... READ MORE...
posted on Thursday, January 22, 2009
Axikin Pharmaceuticals Gets $3M
San Diego-based Axikin Pharmaceuticals, a new startup focused on small molecule therapeutics for respiratory and inflammatory disease, announced Thursday that it has raised $3M in a Series A funding. The company, which is a spinout of Actim... READ MORE...
posted on Thursday, January 22, 2009
mEgo Raises $2.5M
Los Angeles-based mEgo, which operates a service which allows users to create a portable, online profile or "avatar," has raised $2.5M in an angel round, the firm's co-CEO, Julia Johnston, told us Wednesday evening. The angels involved in t... READ MORE...
posted on Wednesday, January 21, 2009
NonStop Riot Gets Series B
Hollywood-based NonStop Riot said Wednesday that the firm has raised a Series B funding round from North Venture Partners. Amount of the funding was not disclosed. The firm helps musicians connect with brands. NonStop Riot said the three ye... READ MORE...
posted on Wednesday, January 21, 2009
Venture Capital Fundraising Drops
Venture capital fundraising activity dropped significantly in Q4, according to a report released Monday by Thomson Reuters and the National Venture Capital Association (NVCA). The report, which tracks the fundraising activity of venture cap... READ MORE...
posted on Tuesday, January 20, 2009
Geni, Yammer Both Raise Funding
West Hollywood-based Geni, and instant messaging spinout Yammer have both raised $5M in funding from the firms' existing backers, Charles River Ventures and the Founders Fund, according to regulatory filings and reports. Geni is a high prof... READ MORE...
posted on Tuesday, January 20, 2009
SoCal Venture Totals Slip, But IT Shines
Southern California's venture capital numbers for Q4 slipped, as did numbers nationally, according to numbers released over the weekend by Dow Jones VentureSource. According to the report, Southern California's venture capital totals slippe... READ MORE...
posted on Monday, January 19, 2009
WaterHealth Gets $10M In Series D
Irvine-based WaterHealth International, which is developing water purification and disinfection technology, has scored the first close of a Series D funding round, the firm said late Tuesday. The firm said the funding brings its total fundi... READ MORE...
posted on Wednesday, January 14, 2009
Anthem Ventures North, Funds Avatar Firm
Santa Monica-based venture capital firm Anthem Ventures is the lead investor in an avatar-focused, social networking site called Meez. Meez, which is based in San Francisco, said today that it has raised a financing round from Anthem. Anthe... READ MORE...
posted on Wednesday, January 14, 2009
United Sample Raises $3M
Los Angeles-based United Sample, which operates online survey and sampling services for the market research industry, announced today that it has raised $3M in a Series B funding round. The round was led by Greycroft Partners, and also incl... READ MORE...
posted on Wednesday, January 14, 2009
SocialVibe Gains $9M
Los Angeles-based SocialVibe said today that it has raised $9M in a Series B funding, for the firm's social media and brand charity site. According to the firm, the funding was led by JAFCO Ventures, and also included Series A investor Redp... READ MORE...
posted on Monday, January 12, 2009
Fallbrook Technologies Shifts Into $25.4M
San Diego-based Fallbrook Technologies, which is developing transmission technology for the automotive industry and human-powered devices, has raised $25.4M in a venture capital round. According to lead investor NGEN III, LP, the funding in... READ MORE...
posted on Monday, January 12, 2009
DECA Raises $10M More
Santa Monica-based DECA has raised $10M in a new round of funding, according to a regulatory filing. The funding was led by new investor Rustic Canyon Partners, with participation from Series A investors Atomico, General Catalyst Partners, ... READ MORE...
posted on Thursday, January 8, 2009
CFX Battery Gains $11M
Azusa-based CFX Battery, a Caltech spinout focused on primary and rechargeable battery technology, has scored $11M in a $15.18M funding round, according to a regulatory funding. The funding was first disclosed December 24th in a filing with... READ MORE...
posted on Thursday, January 8, 2009
JibJab Raises $7.5M
Venice, California-based JibJab, the online comedy site known for their politically-oriented, musical animations, said this morning that it has raised $7.5M in a Series C funding round. The round came from Overbrook Entertainment and Sony P... READ MORE...
posted on Thursday, January 8, 2009
Anaphore Takes $25M In Series A
La Jolla-based Anaphore has raised $25M in a Series A financing, the firm said Wednesday, in a funding led by 5AM Ventures, Versant Ventures, and Apposite Capital. The firm, which is developing biopharmaceuticals for treating immune-mediate... READ MORE...
posted on Wednesday, January 7, 2009
OrthAlign Raises $7.2M
Laguna Beach-based OrthAlign said Wednesday that the firm has raised $7.2M in a Series A funding round, in what looks to be the first announced Southern California venture deal in 2009. The funding was led by Research Corporation Technologi... READ MORE...
posted on Wednesday, January 7, 2009
Venture-Backed Liquidity Reaches 5 Year Low
U.S., venture-backed companies are seeing their lowest liquidity in five years, according to a report released today by Dow Jones VentureSource. Dow Jones found that there was only $24.1 billion in IPOs and M&A in 2008, making 2008 the wors... READ MORE...
posted on Friday, January 2, 2009
Solarflare Pulls In $44M More
Irvine-based Solarflare Communications, a manufacturer of 10 Gigabit Ethernet semiconductors, announced today that it has raised $44M in a combination of debt and equity funding. Solarflare said it has raised $32M in equity financing along ... READ MORE...
posted on Monday, December 22, 2008
Vangard Voice Systems Raises $2M
Irvine-based Vangard Voice Systems said Wednesday that the firm has raised $2M in a Series B funding round, form Berkshire Ventures, LLC. Vangard develops software tools for voice-enabling enterprise applications. The round is the second to... READ MORE...
posted on Wednesday, December 17, 2008
Image Metrics Gains $6.5M
Los Angeles-based Image Metrics, which is developing facial animation products for the entertainment industry, announced Tuesday that it has raised $6.5M in a Series B funding round. The firm said the round came from Saffron Hill Ventures, ... READ MORE...
posted on Tuesday, December 16, 2008
Emotive Gets $6.25M, Buys Sennari
Los Angeles-based Emotive Communications, which is developing ringtone-based, entertainment products for the mobile market, said today that it has scored $6.25M in a second round of venture financing. The round was led by The Mayfield Fund,... READ MORE...
posted on Wednesday, December 10, 2008
Rustic Canyon Sells Positions In Portfolio
San Francisco-based investment firm Saints Capital, and Los Angeles-based venture capital firm Rustic Canyon Partners said Tuesday that they have formed a new fund, Saints Rustic Canyon, L.P., which has purchased the interest of nineteen di... READ MORE...
posted on Tuesday, December 9, 2008
MVM Funds Energy Management Firm
Los Angeles-based Momentum Venture Management has funded a firm in the energy space, PhoenixESG, PhoenixESG said this morning. The company, which is based in New Jersey, develops energy management, monitoring, control systems and services. ... READ MORE...
posted on Tuesday, December 9, 2008
MVM Funds Energy Management Firm
Los Angeles-based Momentum Venture Management has funded a firm in the energy space, PhoenixESG, PhoenixESG said this morning. The company, which is based in New Jersey, develops energy management, monitoring, control systems and services. ... READ MORE...
posted on Tuesday, December 9, 2008
Strix Systems Gets Strategic Investment, Opens Indian R&D Center
Calabasas-based wireless networking hardware provider Strix Systems said today that the firm has received an "inflow" of strategic investments from investors, and also opened up a R&D center in India. Amount of the investment, and names of ... READ MORE...
posted on Monday, December 8, 2008
RightScale Lands $13M
Santa Barbara-based RightScale said today that it has raised $13M, in a second round for the cloud computing software firm. According to RightScale, the round was led by Index Ventures, and also included prior investor Benchmark Capital. Da... READ MORE...
posted on Monday, December 8, 2008
Sambazon Gets Funding For Acai Beverages
San Clemente-based Sambazon, which markets food and beverages using the Brazilian fruit acai, said Thursday that it has raised a round of private equity funding. The funding came from Verlinvest, a Belgian private equity group. Sambazon sai... READ MORE...
posted on Thursday, December 4, 2008
CalPERS Sells Palomar Ventures Stake
CalPERS, the California pension fund which is a major limited partner in venture capital funds here, apparently sold its stake in Palomar Ventures III, L.P. sometime earlier this year. CalPERS has been selling funds on the secondary market ... READ MORE...
posted on Thursday, December 4, 2008
Arrowhead Research Raises $5.4M
Pasadena-based Arrowhead Research, a publicly held firm commercialization technology in the life sciences, electronics, and energy markets, said today that it has raised $5.4M for a number of the firm's subsidiaries. According to Arrowhead,... READ MORE...
posted on Wednesday, December 3, 2008
Interview with Richard Yen, Saban Ventures
In what looks to be a challenging funding climate for entrepreneurs, we thought it would be interesting to talk to one fund which is still making investments--Saban Ventures (www.saban.com)--a new, digital media focused venture capital fund... READ MORE...
posted on Monday, December 1, 2008
Interview with Jason Howe, CEO of Awarepoint
San Diego-based Awarepoint (www.awarepoint.com) is a developer of systems for tracking hospital assets, patients, and doctors, using RFID tags. The firm is announcing a substantial Series D funding round today, so we spoke with the firm's C... READ MORE...
posted on Tuesday, November 25, 2008
Awarepoint Raises $13.3M
San Diego-based Awarepoint, a developer of systems for tracking assets and patients in hospitals, has raised $13.3M in a Series D funding. The firm said the round was led by Cardinal partners, and also included Venrock and prior investor Av... READ MORE...
posted on Tuesday, November 25, 2008
Zacharon Pharmaceuticals Raises $3.5M
San Diego-based Zacharon Pharmaceutical said today that it has raised $3.5M in a Series A financing for the firm's biopharmaceuticals technology. According to the firm, the financing came from Avalon Ventures LLC. The firm also said it has ... READ MORE...
posted on Tuesday, November 18, 2008
ISE Gets $17.5M For Hybrid-Electric Technology
Poway-based ISE Corporation announced Monday afternoon that the firm has raised $17.5M in an equity investment for the firm's advanced hybrid-electric drive systems. According to ISE and its investors, the Series D funding came from Siemens... READ MORE...
posted on Monday, November 17, 2008
Siimpel Gets New Investment
Arcadia-based Siimpel Corporation, a developer of micro-electrical-mechanical optical technology, announced today that it has scored another round of funding. Amount of the funding was not disclosed. Siimpel said the new round of funding wa... READ MORE...
posted on Monday, November 17, 2008
MBAinteract Gets Investment
Newport Beach-based MBAinteract, a site developing a social and professional networking site for MBA students, said Wednesday that it has added Dr. J. Galen Buckwalter, former Chief Scientist at eHarmony, to its board, as part of an unspeci... READ MORE...
posted on Thursday, November 13, 2008
Ardea Biosciences Gets $8M Loan
San Diego-based Ardea Biosciences, which is developing small-molecule therapeutics for the treatment of HIV, gout, cancer and inflammatory diseases, announced Thursday that the firm has scored an $8M growth capital loan from Oxford Finance ... READ MORE...
posted on Thursday, November 13, 2008
Transpera Takes $8.25M In Second Round
Santa Monica-based Transpera, a provider of mobile video advertising technology, announced Thursday that it has raised $8.25M in a Series B funding round. The round was led by Flybridge Capital Partners, and included new investor Labrador V... READ MORE...
posted on Thursday, November 13, 2008
Flipswap Lands $14M In Series B Funding
Los Angeles-based FlipSwap, which operates an electronics trade-in service for mobile phones and other electronics, said Wednesday that it has raised $14M in a Series B funding round. The funding came from RRE Ventures, and cleantech VC NGE... READ MORE...
posted on Wednesday, November 12, 2008
OpenCandy Raises $3.5M
San Diego-based OpenCandy, a new startup focused on software recommendations and downloads, said this morning that it has raised $3.5M in a venture capital funding. According to OpenCandy, the funding round came from Bessemer Venture Partne... READ MORE...
posted on Wednesday, November 12, 2008
Victor Tsao Invests In Israeli Semi Firm
Victor Tsao, who founded and sold Orange County-based Linksys to Cisco for approximately $500M in 2003, has made an investment in a Israeli semiconductor firm developing chips for multimedia WiFi home networking. According to Celeno Communi... READ MORE...
posted on Tuesday, November 11, 2008
Velocity Interactive Group Adds Partner
Los Angeles-based Velocity Interactive Group, the venture capital firm led by Ross Levinsohn and Jon Miller, said this morning that it has added Mickie Rosen as an investment partner at the company. According to Velocity, Rosen will focus o... READ MORE...
posted on Tuesday, November 11, 2008
Evolution Robotics Scores $13.88M
Pasadena-based robotics technology firm Evolution Robotics has scored another $13.88M in venture funding, the firm disclose today. Evolution Robotics said the funding was led by CMEA Ventures, and also included Vodafone Ventures, Idealab, a... READ MORE...
posted on Monday, November 10, 2008
GetBack Media Snags $1.7M
Los Angeles-based GetBack Media, an online community focused on pop culture, said Thursday that it has raised $1.7M in a Series A funding. The firm said the funding was led by Beringea, along with high net worth individuals and entertainmen... READ MORE...
posted on Thursday, November 6, 2008
Miles Electrical Vehicles Gets $13M, Looks For $40M
Santa Monica-based Miles Electrical Vehicles is reportedly seeking $40M in a venture financing round. According to a report from PeHub.com, Miles Electrical Vehicles has raised $13M so far in the round. The funding apparently is coming fro... READ MORE...
posted on Thursday, November 6, 2008
Machinima.com Raises $3.85M
Los Angeles-based Machinima.com, an online web site focused on video games and entertainment, has raised $3.85M in a round of venture capital, the firm said today. Machinima said the round came from MK Capital and other private investors, a... READ MORE...
posted on Thursday, November 6, 2008
SolarReserve Gets Private Equity Funding
Los Angeles-based SolarReserve, a developer of utility scale renewable energy solar power plants, has scored an investment from Argonaut Private Equity. Argonaut said Thursday it is expanding its stake in SolarReserve, but did not detail th... READ MORE...
posted on Thursday, October 30, 2008
Access 360 Media Gets $8M
Venice Beach-based Access 360 Media, which operates an out-of-home advertising network, said today that it has raised $8M in a Series B funding round. The round was led by Mission Ventures, and also included Bessemer Venture Partners. Acces... READ MORE...
posted on Tuesday, October 28, 2008
Digital Performance Raises $3.2M, Hires CEO
Long Beach-based Digital Performance, which develops technology for online sales efforts in the after market automotive parts sector, is announcing Monday that it has raised $3.2M in a Series A funding round. The round was led by Rincon Ven... READ MORE...
posted on Friday, October 24, 2008
Audyssey Lands $2.5M
Los Angeles-based Audyssey Laboratories, the audio technology firm whose founders include Tomlinson Holman, inventor of THX, has quietly raised $2.5M more in venture funding. The funding was disclosed in this week's PricewaterhouseCoopers/N... READ MORE...
posted on Friday, October 24, 2008
FrameMax Raises $10M
San Diego-based FrameMax has raised $10M in a round of venture capital, for the firm's light gauge steel framing technology for the construction industry. The round was led by Arcapita Ventures, and also included H.I.G. Ventures, Cross Cree... READ MORE...
posted on Friday, October 24, 2008
Xcelaero Riases $11.1M For Cooling Technology
San Luis Obispo-based Xcelaero, which is developing high efficiency fans for the computer cooling market, has quietly raised $11.1M in an investment round. Details on the funding have not been released. Xcelaero's products are targeted at t... READ MORE...
posted on Thursday, October 23, 2008
Shopit Raises $2.5M
Los Angeles-based Shopit, a developer of online shopping widget software, said today that it has raised $2.5M in a Series B funding. The funding came from Toronto, Canada-based Emerson Ventures and Propulsion Ventures. ShopIt said that the ... READ MORE...
posted on Thursday, October 23, 2008
Advanced Modern Technologies Gets Investment
Los Angeles-based Advanced Modern Technologies (AMTC), a manufacturer and distributor of automatic washroom fixtures, said Tuesday that it has received an equity investment from a private investment group. Amount of the funding was not disc... READ MORE...
posted on Wednesday, October 22, 2008
Metaplace Gets $6.7M For Virtual Worlds
San Diego-based Metaplace said this morning that it has raised $6.7M in a financing round for the firm's virtual worlds platform. According to the firm, which was formerly known as Areae, the round came from Charles River Ventures, Crescend... READ MORE...
posted on Wednesday, October 22, 2008
AudioMicro Raises Series A Funding
Los Angeles-based AudioMicro, an online marketplace for user-generated commercial music, is announcing tomorrow that it has raised a Series A funding round. The funding was actually disclosed earlier this month via a regulatory filing, as w... READ MORE...
posted on Tuesday, October 21, 2008
Vivometrics Gets $19.9M
Ventura-based Vivometrics, maker of medical monitoring technology, has raised $19.917M in funding, according to numbers released by this week's PricewaterhouseCoopers/NVCA venture capital report. Details of the funding were not disclosed. V... READ MORE...
posted on Tuesday, October 21, 2008
SkinMedica Scores Debt Financing
Carlsbad-based SkinMedica, a developer of cosmeceuticals for the dermatology field, has scored $27.5M in debt from two lenders. According to GE Healthcare Financial Services and BlueCrest Capital Finance, they have provided $27.5M in a seni... READ MORE...
posted on Tuesday, October 21, 2008
Symwave Gets $10.2M
Laguna Niguel-based Symwave has raised $10.184M in an investment round, for the firm's analog and mixed signal IC. Details of the funding have not been disclosed. Symwave has previously raised funding from Kodiak Venture Partners, CMEA Vent... READ MORE...
posted on Monday, October 20, 2008
Boingo Bundles With Motorola
Los Angeles-based Wi-Fi provider Boingo Wireless has scored a deal which bundles the firm's Wi-Fi networking services with Motorola's new MOTO Q 11 smartphone, the firm announced Monday. Financial details of the bundling deal were not discl... READ MORE...
posted on Monday, October 20, 2008
Mail.com Raises $32.39M
El Segundo-based Mail.com, a web-based email and portal provider, has quietly scored $32.39M in a funding round, according to venture capital numbers released over the weekend by PricewaterhouseCoopers and the National Venture Capital Assoc... READ MORE...
posted on Monday, October 20, 2008
Southern California Companies Raise $751M In Funding in Q3, Says Report
PricewaterhouseCoopers and the National Venture Capital Association released their Q3 2008 venture capital numbers over the weekend, finding that Southern California companies raised nearly $751 in funding during the quarter. According to t... READ MORE...
posted on Monday, October 20, 2008
Vicente Capital Partners Raises $150M Fund
Los Angeles-based Vicente Capital Partners said Wednesday that the investment fund has raised $150M for the firm's Growth Equity Fund. The firm said its new fund will invest between $5M and $15M in equity in expansion capital or buyout deal... READ MORE...
posted on Wednesday, October 15, 2008
Interview with Ross Levinsohn, Velocity Interactive Group
This morning, Woodland Hills-based FatTail (www.fattail.com) announced a venture round from Velocity Interactive Group for its software for managing online advertising. Ross Levinsohn is a board member at FatTail and a venture capitalist at... READ MORE...
posted on Wednesday, October 15, 2008
Eventful Raises $10M
San Diego-based Eventful announced late last night that it has raised $10M in a Series C funding round, led by Telefonica. According to Eventful, the investment round also included existing investors Draper Fisher Jurvetson and Bay Partners... READ MORE...
posted on Wednesday, October 15, 2008
FatTail Raises $3M
Woodland Hills-based FatTail, a developer of online advertising management software, announced this morning that it has raised $3M in a Series A financing round led by Velocity Interactive Group. Velocity Interactive Group is the venture fi... READ MORE...
posted on Wednesday, October 15, 2008
AgileNano Gets Funding From TCA
Sorrento Valley-based AgileNano, which is developing technology for minimizing military and sports injuries, has raised a Series A funding from the Tech Coast Angels, the TCA said today. According to the San Diego Tech Coast Angels, AgileNa... READ MORE...
posted on Wednesday, October 8, 2008
Interview with Cramster.com
Pasadena-based Cramster (www.cramster.com) recently announced $3M in a large angel round for the firm's online study communities. Cramster is looking to create online study groups, to help high school and college students study math, scienc... READ MORE...
posted on Wednesday, October 8, 2008
Nexeon MedSystems Gets $24M
Nexeon MedSystems, a newly formed company focused on developing stents and other medical devices, announced this morning that the firm has raised $24M in funding from SurModics, Inc., Guidant Corporation, and other private investors. The fi... READ MORE...
posted on Tuesday, October 7, 2008
MyShape Raises $12M, But Not Done Yet
Pasadena-based MyShape has raised $12M in a round of venture capital, the company's CEO, Louise Wannier, confirmed Monday after reports that the firm had closed a round of funding, but said the round was still in progress. The funding came ... READ MORE...
posted on Monday, October 6, 2008
Avaak Raises $7M
San Diego-based Avaak, which is developing wireless video networking technology, said Thursday that it has raised $7M in a Series A funding. The round was led by Trinity Ventures, and also included investments by InterWest Partners and Leap... READ MORE...
posted on Thursday, October 2, 2008
Venture Totals Drop In Southern California For Quarter
A study of the venture capital deal flow in Southern California conducted by socalTECH shows that venture capital deals dropped for Q3, to around $720M in deals, in a market dominated by clean technology firms. The numbers, which were drawn... READ MORE...
posted on Wednesday, October 1, 2008
Verimatrix Raises Series C Funding Round
San Diego-based Verimatrix is announcing today that it has now raised more than $20M in funding in its Series C funding round. According to the firm, the additional funding in its Series C funding came from JK&B Capital. The firm had previo... READ MORE...
posted on Thursday, September 25, 2008
Cramster.com Finds $3M
Pasadena-based Cramster.com, an online community focused on students and homework, said today that it has raised $3M in a Series A funding round. The round was led by Mr. Shai Reshef, who the firm described as an online education industry v... READ MORE...
posted on Thursday, September 25, 2008
Transaction Wireless Scores $2.25M
San Diego-based Transaction Wireless announced this morning that it has raised $2.25M in a Series A funding. The funding came from Mission Ventures and Okapi Ventures. According to the firm, it is developing mobile infrastructure for relati... READ MORE...
posted on Thursday, September 25, 2008
Pentadyne Gains $22M
Chatsworth-based Pentadyne Power said Monday that it has raised $22M in a financing round. The firm, which develops flywheel energy storage systems, said the funding will go to fuel expansion of the firm into new markets. The company said t... READ MORE...
posted on Monday, September 22, 2008
Tech Coast Angels Invests In Biopharmaceuticals Firm
The Tech Coast Angels said this morning that the group has made an investment in Amplyx Pharmaceuticals, a drug development firm developing small molecule drugs. According to the Tech Coast Angels, it invested $289,000 in a Series A round f... READ MORE...
posted on Monday, September 22, 2008
Local VCs Assess Wall Street, Technology Investment Climate
How is the instability on Wall Street affecting local venture capitalists? According to some local Southern California venture investors, it absolutely is affecting how they are thinking about the investment environment. John Babcock, ... READ MORE...
posted on Monday, September 22, 2008
Freedom Meditech Gets Investment
Freedom Meditech, a firm developing proprietary non-invasive ocular glucose measurement device for people with diabetes, has scored $380,000 in a equity investment. The round was disclosed by JumpStartup, an early stage venture acceleration... READ MORE...
posted on Monday, September 22, 2008
Sofinnova Ventures Hires EIR In San Diego
Venture capital firm Sofinnova Ventures has hired on an Executive-in-Residence based in San Diego, the firm said Thursday. Sofinnova, which invests in early stage life sciences and IT firms, said it has appointed Lars Ekman, M.D., Ph.D. to ... READ MORE...
posted on Friday, September 19, 2008
NanoH2O Lands $15M More
Los Angeles-based NanoH2O is reporting that it has secured $15M in additional funding, for the firm's water desalination technology. According to the firm, the round came from Oak Investment Partners and Khosla Ventures. Brian Hinman of Oak... READ MORE...
posted on Thursday, September 18, 2008
Hollywood Interactive Gets $5M
Hollywood Interactive Group, which develops an online web site for celebrity and entertainment news, said Thursday that it has raised $5M in a Series A funding round. The round came from BlueRun Ventures. According to Hollywood Interactive,... READ MORE...
posted on Thursday, September 18, 2008
PowerGenix Raises $30M
San Diego-based PowerGenix, which develops Nickel-Zinc rechargeable batteries, said today that it has raised $30M in a Series D funding round. The round was led by Bessemer Venture Partners, and also included Advent International, Angeleno ... READ MORE...
posted on Wednesday, September 17, 2008
SolarReserve Raises $140M
Santa Monica-based SolarReserve, a developer of utility-scale, renewable energy solar power plants, said today that it has raised $140M in a Series B funding round. The firm said the funding was led by the renewable energy private equity gr... READ MORE...
posted on Tuesday, September 16, 2008
Venture Conference Highlights SoCal Startups
Southern California's top startups showed up in force Friday at the Westin South Coast Plaza in Costa Mesa, for the Technology Council of Southern California's annual VentureNet conference. (socalTECH was a media sponsor of the conference).... READ MORE...
posted on Monday, September 15, 2008
Legend Films Adds $5M
San Diego-based Legend Films, a provider of film restoration services and owner of the web site RiffTrax.com, said Thursday that it has closed on $5M in a Series E funding. The round was led by Augustus Ventures Limited, and also included P... READ MORE...
posted on Thursday, September 11, 2008
Zag Spins Out TrueCar
Santa Monica-based Zag, the online car buying software firm headed by former CarsDirect CEO Scott Painter, has spun out a new company called TrueCar, the firm said late Wednesday. According to TrueCar, it will provide information about new ... READ MORE...
posted on Wednesday, September 10, 2008
Sensory Medical Finds $2.5M
San Clemente-based Sensory Medical, a medical device firm focused on Restless Legs Syndrome (RLS), said Wednesday that it has raised $2.5M in a Series A funding. The round came from Salt Creek Medical Device Development. According to Sensor... READ MORE...
posted on Wednesday, September 10, 2008
Fisker Automotive Pulls In $65M More For Electric Car
Irvine-based Fisker Automotive, which is developing hybrid and plug-in hybrid vehicles, said Tuesday that it has scored $65M in a Series C funding round. According to Fisker, the funding completed on September 4th, and was led by an affili... READ MORE...
posted on Tuesday, September 9, 2008
Verimatrix Bolsters Series C Funding
San Diego-based Verimatrix said Monday that the firm has added SunAmerica Ventures to the firm's Series C funding round. According to Verimatrix, SunAmerica Ventures, which is part of the American Interantaionl Group (AIG) has joined its Se... READ MORE...
posted on Monday, September 8, 2008
Microfabrica Scores $22.5M
Van Nuys-based Microfabrica, which micro-fabricates three dimensional micro-devices, said Thursday that the firm has raised $22.5M in a Series B funding. The round was co-led by Versant Ventures and Interwest Partners, and also included pri... READ MORE...
posted on Thursday, September 4, 2008
Fonality Dials Up $12M
Los Angeles-based Fonality, which develops open source PBX software and communications systems, said late Wednesday evening that it has raised $12M in a financing round. The round was led by Draper Fisher Jurvetson Growth Fund, and also inc... READ MORE...
posted on Thursday, September 4, 2008
Active Network Raises $80M
San Diego-based The Active Network has raised $80M in a round of funding, the firm confirmed with socalTECH Wednesday. According to a spokesperson for the company, the lead investor in the round was ESPN, with additional funding coming from... READ MORE...
posted on Wednesday, August 27, 2008
Quantum Fuel Systems Gets $19.1M In PIPE
Irvine-based Quantum Fuel Systems Technology, one of the firms behind electric car maker Fisker Automotive, said Wednesday that the firm has raised $19.1 in a registered direct offering from a single, unnamed institutional investor. Name an... READ MORE...
posted on Wednesday, August 20, 2008
Interview with Olivier Chaine, Magnify360
Last week, Los Angeles-based Magnify360 (www.magnify360.com) raised $2.5M in a venture funding round. We spoke with Olivier Chaine, the firm's CEO and Founder, along with investor Mark Sugarman of MHS Capital, about the company and what it'... READ MORE...
posted on Tuesday, August 19, 2008
Edgeware Analytics Gets Angel Funding
San Diego-based Edgeware Analytics has scored a round of angel financing from the Tech Coast Angels, the firm disclosed this morning. Amount of the funding as not disclosed. Edgeware Analytics develops analytics tools used by lenders to imp... READ MORE...
posted on Tuesday, August 12, 2008
Red Mango Scoops Up $12M
Los Angeles-based Red Mango, a frozen yogurt franchise, said today that the firm has raised $12M in a Series A investment. The round was led by John Antioco, former chairman and CEO of Blockbuster, along with private equity firm CIC Partner... READ MORE...
posted on Tuesday, August 12, 2008
RF Nano Gets $8M
Newport Beach-based RF Nano is announcing today that it has raised $8M in a Series B funding. The firm, which develops carbon nanotubes for the analog electronics market, said the funding was led by Oxantium Ventures. Prior investor Okapi v... READ MORE...
posted on Tuesday, August 12, 2008
RoyaltyShare Scores Funding From William Morris Agency
San Diego-based RoyaltyShare, which develops technology used by record labels to manage digital music royalties, said today that it has scored an investment from the William Morris Agency. Amount of the investment was not disclosed. Royalty... READ MORE...
posted on Tuesday, August 12, 2008
Knowledge Adventure Gets $5M Funding Round
Torrance-based Knowledge Adventure, a developer of educational software and online virtual worlds for children, said today that it has raised an additional round of funding worth $5M. The funding came from its existing investors, Azure Capi... READ MORE...
posted on Monday, August 11, 2008
Intelligent Beauty Takes $43M
El Segundo-based Intelligent Beauty, which is developing Internet marketing and e-commerce services focused on the beauty industry, has raised $43M in a venture round, the firm announced Wednesday. The funding came from Technology Crossover... READ MORE...
posted on Wednesday, August 6, 2008
SpaceX Raises $20M
Hawthorne-based SpaceX said late Monday that it has received $20M in an equity investment from the Founders Fund. SpaceX develops commercial launch vehicles and spacecraft, and is headed by ex-PayPal founder Elon Musk. The Founders Fund is ... READ MORE...
posted on Tuesday, August 5, 2008
Interview with Minard Hamilton, Six Degree Games
Today, Marina Del Rey-based Six Degree Games (www.sixdegreegames.com) announced their Series A funding from Prism VentureWorks and Clearstone Ventures. Minard Hamilton, the firm's CEO, founded the company with fellow JAMDAT Mobile executive... READ MORE...
posted on Tuesday, August 5, 2008
Six Degrees Games Confirms $7M In Funding
Marina Del Rey-based Six Degrees Games, a startup developing virtual worlds focused on six to 14-year-olds, announced today that it has raised $7M in a Series A funding. The round came from Clearstone Venture Partners and Prism VentureWorks... READ MORE...
posted on Tuesday, August 5, 2008
Ultizen Games Gets $6M
Shanghai- and Los Angeles-based Ultizen Games Ltd. said today that it has raised $6M in a Series B funding round. The firm, which provides game development and outsourcing, said the funding was led by PAC-LINK, with participation from Japan... READ MORE...
posted on Tuesday, August 5, 2008
SpaceX Loses Rocket, Gets Investment
SpaceX, the Hawthorne, California-based space rocket startup funded by former PayPal founder Elon Musk, has suffered a major loss as the firm's Falcon 1 rocket failed in a test launch Saturday night. According to SpaceX, a problem with the ... READ MORE...
posted on Monday, August 4, 2008
Energy Innovations Gets UL Certification, Looks For More Funding
Pasadena-based solar power concentrator firm Energy Innovations, one of the solar power startups out of Idealab, said Monday that it has received a UL Certification from Underwriters Laboratories, and also said that it is looking for more f... READ MORE...
posted on Monday, August 4, 2008
EZ-Assure Raising $800K
Santa Barbara-based EZ-Assure, a provider of software for managing physical security, parking equipment, and auditing facility security, is raising $800,000 in a Series A1 round, the bulk of which has already closed. Investors in the round ... READ MORE...
posted on Friday, August 1, 2008
GumGum Gets Series A
Santa Monica-based GumGum, a provider of technology for licensing content and images online, said Thursday that it has raised a Series A round of financing. The round was co-led by First Round Capital and Crosscut Ventures. Along with the f... READ MORE...
posted on Thursday, July 31, 2008
Versant Ventures Closes Fourth Fund, Worth $500M
Versant Ventures, a Newport Beach- and Menlo Park-based venture capital fund, announced today that it has closed Versant Venture Capital IV, L.P. at $500M. The fund brings Versant's total under management to $1.6 billion, in the areas of bi... READ MORE...
posted on Thursday, July 31, 2008
Vertiflex Scores $28M
San Clemente-based Vertiflex, a developer of medical devices for spinal surgery, has quietly raised around $28.3M in venture funding. The funding came to light in the PricewaterhouseCoopers/NVCA MoneyTree venture capital survey earlier this... READ MORE...
posted on Thursday, July 31, 2008
Equipois Takes $3.45M
Los Angeles-based Equipois, a developer of technology for heavy lifting, targeted at reducing workplace injuries, has raised $3.45M in a venture round from Terrapin Partners. The Series B round closed in May. Equipois said that its technolo... READ MORE...
posted on Thursday, July 31, 2008
NovaDigm Therapeutics Raises $4M
Torrance-based NovaDigm Therapeutics, a stealth biomedical firm developing vaccines and therapeutics for the treatment of infections, has quietly raised $4M in funding. Backers of the firm include Domain Associates; it also appears that the... READ MORE...
posted on Wednesday, July 30, 2008
H2scan Gets $4M
Valencia-based H2scan Corporation, a provider of hydrogen leak detection and monitoring technology, said Tuesday that the firm has raised $4M in a Series D funding round. The round came from Chrysalix Energy Venture Capital, H5 Capital, L.P... READ MORE...
posted on Tuesday, July 29, 2008
Six Degrees Games Raises $7M
Marina Del Rey-based Six Degrees Games, a stealth mode developer of video games, has quietly raised venture capital worth $7M. The funding was first disclosed in the PricewaterhouseCoopers/NVCA MoneyTree Q2 report earlier this month. No nam... READ MORE...
posted on Tuesday, July 29, 2008
Zogenix Gets $18M In Debt
San Diego-based Zogenix, a developer of specialty pharmaceuticals, said Monday that it has raised $18M in a secured loan facility. The loan came from Oxford Finance Corporation and CIT Healthcare LLC. Zogenix said the funding will go toward... READ MORE...
posted on Monday, July 28, 2008
Verve Wireless Raises $3M From AP
Encinitas-based Verve Wireless has raised $3M in a venture round from the Associated Press, Iron Capital, and other investors, the firm told socalTECH Friday. Verve Wireless develops software that helps publishers make their content wireles... READ MORE...
posted on Friday, July 25, 2008
RF Surgical Systems Raises $8.2M
RF Surgical Systems, a developer of medical devices for tracking surgical sponges, said Friday morning that it has raised $8.2M in a venture funding round from Menlo Ventures and Stanford University. The firm's R&D operations are based in S... READ MORE...
posted on Friday, July 25, 2008
Aptera Raises $24M In Series C
Carlsbad-based Aptera said late Thursday evening that it has raised $24M in a Series C funding. The funding announcement came shortly after Google disclosed it had provided funding through Google.org to the company. Funding in this round ca... READ MORE...
posted on Friday, July 25, 2008
Interview with Warren Hanselman, Tech Coast Angels
The Tech Coast Angels (www.techcoastangels.com) is the largest, and most active angel group in Southern California, and recently crossed over the $1B mark in terms of attracting third party and venture capital funding for its portfolio comp... READ MORE...
posted on Friday, July 25, 2008
Dayak Bolsters Funding
San Diego-based Dayak, a firm which operates an online marketplace that matches employers and recruiters, has raised a round of funding and added some new investors, the firm's CEO, Allan Sabol, told socalTECH this week. In an interview wit... READ MORE...
posted on Thursday, July 24, 2008
Aptera Scores Funding From Google
Carlsbad-based electric car startup Aptera Motors has scored $2.75M in funding from Google's nonprofit arm, Google.org and its RechargeIT initiative, Google said Wednesday morning. Aptera is developing both all-electric and hybrid vehicles.... READ MORE...
posted on Wednesday, July 23, 2008
Verimatrix Gets Funding From Goldman Sachs
San Diego-based Verimatrix announced this morning that the firm has scored a new, Series C round of funding led by Goldman Sachs. Prior investors Crescendo Investments, Cipio Partners and Mission Ventures also participated in the round, wi... READ MORE...
posted on Wednesday, July 23, 2008
Breach Takes $6M
Carlsbad-based security software provider Breach Security has raised $6M in a funding round, from Enterprise Partners, RBA No. 5, and Evergreen Venture Partners, the firm told socalTECH today. The funding round brings the total raised by th... READ MORE...
posted on Tuesday, July 22, 2008
Certona Scores $7M
San Diego-based Certona said today that it has raised $7M in a Series A financing, led by ABS Ventures. Prior investor Express Ventures also participated. Certona is a provider of optimization and personalization products for retailers. Acc... READ MORE...
posted on Tuesday, July 22, 2008
BiggerBoat Scores More Funding
Beverly Hills-based BiggerBoat has raised around $2M in a new funding round, socalTECH.com has learned, as the firm has begun focusing on a vertical ad network around Internet television and major networks. According to CEO Adam Lilling, th... READ MORE...
posted on Tuesday, July 22, 2008
Venture Capital Investments Flat In Q2, SoCal Still Number Two
PricewaterhouseCoopers and the National Venture Capital Association released its quarterly venture capital survey over the weekend, showing that investments in the Southern California area were essentially flat quarter-to-quarter. Accordi... READ MORE...
posted on Monday, July 21, 2008
OGPlanet Scores New Funding
El Segundo-based OGPlanet announced this morning that it has raised a new round of venture capital funding, from DFJ Athena. Amount of the funding was not disclosed. The firm, which develops online multiplayer games, said the funding would ... READ MORE...
posted on Wednesday, July 16, 2008
Cognition Raises $2.7M
Los Angeles-based Cognition, which develops search engine technology for understanding English language queries, said Monday that it has raised $2.7M in a new financing round. The firm said the funding came from Draper Associates, Tim Drape... READ MORE...
posted on Monday, July 14, 2008
Interview with Russell Fine, Opposing Views
Russell Fine is CEO of Opposing Views (www.opposingviews.com), a new startup that recently raised $1.25M from a number of prominent local angel investors. Russell was the founder of Youbet.com, and has been an angel investor himself; we tho... READ MORE...
posted on Friday, July 11, 2008
Shopflick Raises $7M For Video Shopping Site
Los Angeles-based Shopflick said Thursday that the firm has raised $7M in a Series A funding. The site--which allows sellers to create and post videos about their products--said the funding came from Panorama Capital and Venrock. Shopflick ... READ MORE...
posted on Thursday, July 10, 2008
Riot Games Rounds Up $7M
Los Angeles-based Riot Games announced this morning that it has raised $7M in a round of funding, for the firm's upcoming online game titles. The funding came from Benchmark Capital and FirstMark Capital. Riot Games is the game development... READ MORE...
posted on Thursday, July 10, 2008
Plimus Raises $18M
San Diego-based Plimus, which provides outsource e-commerce services, said Tuesday that the firm has raised $18M in a financing round. The funding came from Susquehanna Growth Equity, LLC. Amir Goldman and Jonathan Klahr of SGE will join th... READ MORE...
posted on Wednesday, July 9, 2008
Interview with Jawad Ansari and Shiraz Akmal, GCube Ventures
GCube Ventures (www.gcubeventures.com) is a new investment firm launching today focused on the video game industry. The firm is headed by Jawad Ansari, the former General Partner at Miven Venture Partners, and Shiraz Akmal, most recently Vi... READ MORE...
posted on Wednesday, July 9, 2008
Perfect Market Takes $15.6M
Pasadena-based Perfect Market, which operates a marketing service for publishers, said today that it has raised $15.6M in a new venture capital round. The round came from Trinity Ventures and Rustic Canyon Partners, with participation from ... READ MORE...
posted on Wednesday, July 9, 2008
Topspin Media Gets Series B
Santa Monica-based Topspin Media, which is developing software and services to help musicians and other artists build their brands, has scored a Series B funding round from the Foundry Group. Financial terms of the deal have not been disclo... READ MORE...
posted on Tuesday, July 8, 2008
Providea Gets Investment From Private Equity Firm
Camarillo-based Providea, a provider of hardware and installation services for the video conferencing sector, has scored an investment as part of a recapitalization deal, the firm said Tuesday. According to Providea, it has received a growt... READ MORE...
posted on Tuesday, July 1, 2008
Report: No IPOs In Q2
Dow Jones VentureSource, a provider of venture capital data, reported Tuesday that we are in the midst of the second-longest IPO drought since it started tracking the industry in 1992. According to Dow Jones, Q2 of this year was the worst q... READ MORE...
posted on Tuesday, July 1, 2008
United Sample Raises Series A Funding
Los Angeles-based United Sample, a firm which provides online polling services to market research companies, said today that it has launched and closed a Series A round of venture capital financing. Amount of the financing was not disclosed... READ MORE...
posted on Thursday, June 26, 2008
SodaHead Scores $8.4M
Los Angeles-based SodaHead, an online community focused on social Q&A, said this morning that the firm has raised $8.4M in a Series B funding. The round was led by Mission Ventures, and included prior investor Mohr Davidow Ventures. Accordi... READ MORE...
posted on Wednesday, June 25, 2008
GreatCall Raises $38M In Third Round
Del Mar-based GreatCall, which operates the Jitterbug mobile phone service, said this morning that the firm has raised $38M in a Series C funding round. The round was led by Court Square Ventures, and included existing investors Steelpoint ... READ MORE...
posted on Tuesday, June 24, 2008
Ex-Intermix Exec Gets $50M For Digital Media Acquisitions
Orange County-based ATCOR Holdings, a new company focused on acquiring and operating high-growth businesses in the online advertising, marketing, and digital media area, has scored $50M in a venture round, according to venture capital firm ... READ MORE...
posted on Monday, June 23, 2008
MMFX Technologies Raises $55M In Debt
Irvine-based MMFX Technologies Corporation said Tuesday that the firm has received a $55M secured debt financing commitment for the firm's material science technology. According to MMFX, the firm uses nanotechnology to manufacture high-stre... READ MORE...
posted on Tuesday, June 17, 2008
Solarflare Raises $26M
Irvine-based Solarflare Communications said today that it has raised an additional $26M in venture funding. The new round was led by Oak Investment Partners, and also included Foundation Capital, Accel Partners, and Amadeus Capital Partners... READ MORE...
posted on Tuesday, June 17, 2008
Meritage Pharma Gets $22.5M
San Diego-based Meritage Pharma said Monday that it has raised $22.5M in a Series A venture funding for its specialty pharmaceuticals. The funding round came from Domain Associates, Latterell Venture Partner, and The Vertical Group. Meritag... READ MORE...
posted on Monday, June 16, 2008
WooMe Raises $12.5
Los Angeles-based WooMe, an online speed dating web site, has raised $12.5M in a venture funding round, the firm's CEO, Stephen Stokols, told socalTECH this morning. The round was led Index Ventures, with Atomico and Mangrove Capital Partne... READ MORE...
posted on Thursday, June 12, 2008
FunnyorDie Gets Investment From HBO
Entertainment industry publication Variety reported late Tuesday evening that Will Ferrell's FunnyorDie.com Internet web start has sold a small stake in the firm to HBO. Financial terms of the deal were not disclosed. According to Variety, ... READ MORE...
posted on Wednesday, June 11, 2008
Capzles Raises Series A
Los Angeles-based Capzles said today that it has raised a Series A funding round, and launched its services. Capzles did not disclose investors or the amount of the round. Capzules is a Web 2.0, social media site which allows users to uploa... READ MORE...
posted on Tuesday, June 10, 2008
CFX Battery Quietly Raises Funding
Pasadena-based CFX Battery, a stealth spinout of Caltech working on battery technology, has quietly raised a round of venture capital. The funding was disclosed by Maurice Gunderson, of CMEA Ventures, as part of a keynote at the GreenTech 2... READ MORE...
posted on Tuesday, June 10, 2008
GenVault Adds $13M
Carlsbad-based GenVault, a firm which develops systems for managing biosamples, said this morning that it has raised $13M in additional venture financing. The round was led by Montagu Newhall Associates, and also included prior investors Do... READ MORE...
posted on Monday, June 9, 2008
Veoh Networks Raises $30M
Los Angeles- and San Diego-based Veoh Networks said Tuesday afternoon that the firm has raised $30M in additional funding, in a round led by Intel Capital. The firm said that Adobe Systems Incorporated and Gordon Crawford, Senior Vice Presi... READ MORE...
posted on Tuesday, June 3, 2008
Crownpeak Raises $6M
Los Angeles-based Crownpeak, a provider of hosted, web content management software, has raised a new round of venture capital, socalTECH has learned. Crownpeak CEO Jim Howard confirmed the round, saying that the company raised $6M. The roun... READ MORE...
posted on Monday, June 2, 2008
Opposing Views Takes $1.25M
Los Angeles-based Opposing Views said today that it has closed a Series A financing round, and raised $1.25M. According to the firm, the funding came from Frontera Group, Gil Elbaz, the co-founder of Applied Semantics; Russell Fine, the CEO... READ MORE...
posted on Monday, June 2, 2008
NeuroVigil Lands $250K From DFJ
La Jolla-based NeuroVigil, a spinout of the Salk Institute, has scored a seed funding round of $250,000 from Draper Fisher Jurvetson, DFJ Frontier, and Zone Ventures. Draper Fisher Jurvetson announced the investment Friday, saying that the ... READ MORE...
posted on Friday, May 30, 2008
EdenIQ Raises Venture Round
Encino-based EdenIQ, which is developing cellulosic ethanol technology for the clean energy sector, has quietly raised a round of venture capital as part of the firm's spinoff from Altra Biofuels. According to EdenIQ's web site, current inv... READ MORE...
posted on Thursday, May 29, 2008
Craton Equity Partners Closes $191.5M Cleantech Fund
Los Angeles-based Craton Equity Partners said Wednesday that the firm has finalized on a third and final close of a new clean technology focused venture capital and private equity fund. The firm said that it has raised $191.5M for the fund,... READ MORE...
posted on Thursday, May 22, 2008
Kythera Takes $40M For Aesthetic Medicine
Los Angeles-based Kythera Biopharmaceuticals has scooped up another $40M in financing, in a third round, the firm announced today. Kythera said that the new round was led by JAFCO Co. Ltd, and included new investors BBT Capital Management/A... READ MORE...
posted on Monday, May 19, 2008
CerviLenz Gets $350K
CerviLenz, a firm developing a medical device for allowing obstetricians to measure cervical length in pregnant women, said last week that it has raised $350,000 in an investment. Cervilenz was developed by Dr. Michael Ross, a Maternal-Feta... READ MORE...
posted on Monday, May 19, 2008
VXI Technology Gets Private Equity Investment
Irvine-based VXI Technology, a developer of test instruments for industrial, military, and commercial applications, has scored a private equity injection from Alerion Capital Group and Merit Capital. Financial terms of the funding were not ... READ MORE...
posted on Monday, May 19, 2008
Sometrics Raises Funding Round
Los Angeles-based Sometrics, a firm developing applications for gathering analytics about social networking applications, has raised a round of funding from The Mail Room Fund and Greycroft Partners. The firm's CEO, Ian Swanson, said the fi... READ MORE...
posted on Thursday, May 15, 2008
SocialVibe Launches Social Media Site, Discloses $4.2M In Funding
West Hollywood-based SocialVibe said Wednesday afternoon that the firm has launched a new social media site focused on allowing people to promote, distribute, and support brands and charities via social networks, blogs, and personal website... READ MORE...
posted on Wednesday, May 14, 2008
Passenger Raises $8M
Los Angeles-based Passenger has raised $8M in a Series C funding, the firm announced this morning. The funding was led by StarVest Partners and included prior investors Shelter Capital Partners and Steamboat Ventures. Passenger, which deve... READ MORE...
posted on Wednesday, May 14, 2008
BrightQube Raises $650K
Carlsbad-based BrightQube has raised $650,000 in a convertible note financing for its software for finding stock photography, according to the Tech Coast Angels. The Tech Coast Angels said that its San Diego chapter led the funding of Brigh... READ MORE...
posted on Tuesday, May 13, 2008
Spot Runner Takes $51M
Los Angeles-based Spot Runner, a provider of technology for helping to place television advertisements, said this morning that it has raised new investments worth $51M. The investment came from a group of investors that includes the Daily M... READ MORE...
posted on Wednesday, May 7, 2008
Apoptos Raises $28M
San Diego-based Apoptos, a developer of oncology drugs, announced Tuesday that the company has raised $28M in funding. The firm said the Series A funding came in two tranches from Venrock, ARCH Venture Partners, Orbimed Advisors, and Advanc... READ MORE...
posted on Tuesday, May 6, 2008
Interview with Richard Wolpert, The Mail Room Fund
Richard Wolpert is the head of the Mail Room Fund, a new venture fund backed by William Morris, Accel Partners, Venrock, and AT&T. Wolpert is well known for his work as Chief Strategy Officer for RealNetworks, as president of Disney Online,... READ MORE...
posted on Tuesday, May 6, 2008
Fulcrum Micro Raises $29.9M
Calabasas-based Fulcrum Microsystems, a developer of high speed switching semiconductors, has raised $29.9M in a Series E round of funding. The round brings the company's total to $102.0M raised by the company. According to a spokesperson f... READ MORE...
posted on Friday, May 2, 2008
DATAllegro Raises $19.6M
Aliso Viejo-based DATAllegro, which develops data warehousing appliances, said Thursday morning that it has raised $19.6M in a Series D round of funding. The round was led by an affiliate of the Hillman Company, and also included prior inve... READ MORE...
posted on Thursday, May 1, 2008
Appfolio Raises $22M
Santa Barbara-based AppFolio has raised $22M in a Series B funding for the new software-as-a-service firm, initially focused on property management software, socalTECH has learned. The company's CEO, Brian Donahoo, said that the round was l... READ MORE...
posted on Tuesday, April 29, 2008
DocStoc Raises $3.25M
Beverly Hills-based DocStoc, the Web 2.0 startup focused on sharing professional documents, said Tuesday that it has raised $3.25M in a venture capital round from Rustic Canyon Partners. DocStoc maintains a service which allows anyone to up... READ MORE...
posted on Tuesday, April 29, 2008
The Search Agency Gets Private Equity Investment
Santa Monica-based The Search Agency, a provider of search engine marketing and search engine optimization, said yesterday that it has received a strategic investment from private equity firm JMI Equity. Financial terms of the deal were not... READ MORE...
posted on Tuesday, April 29, 2008
LeadPoint Raises $6M
Los Angeles-based LeadPoint said today that it has raised $6M in a Series E financing. The round came from Silicon Valley Bank Ventures, as well as Redpoint Ventures. LeadPoint said the funding will go to "add bench strength to the company,... READ MORE...
posted on Monday, April 28, 2008
PhotoThera Finds $11M
San Diego-based PhotoThera, a developer of light therapy systems for treatment of musculoskeletal injuries, has quietly raised $11.0M in funding, socalTECH has learned. PhotoThera's devices are under clinical investigation to treat ischemic... READ MORE...
posted on Friday, April 25, 2008
Orqis Medical Gets $12.5M More
Lake Forest-based Orqis Medical, a medical device firm developing products to treat heart failure, has added $12.5M in funding, according to the latest PricewaterhouseCoopers/NVCA Moneytree quarterly venture capital survey. The firm has not... READ MORE...
posted on Thursday, April 24, 2008
Riot Games Raises $4M
Riot Games, a Los Angeles-based developer of video games, has quietly raised $4.0M in funding, socalTECH has learned. The firm is working on an undisclosed title, to be released sometime in 2008, according to the firm's web site. Backers of... READ MORE...
posted on Thursday, April 24, 2008
RightScale Raises $4.5M
Santa Barbara-based RightScale, a developer of software for managing cloud computing, said today that it has raised $4.5M in a first round of venture funding. The round came from Benchmark Capital. According to RightScale, it will use the f... READ MORE...
posted on Thursday, April 24, 2008
Mota Motors Lands $4.5M
Venice, California-based Mota Motors, which is developing online services to help car sellers sell their automobiles online, has quietly raised $4.5M in a venture capital round, socalTECH has learned. The firm, which is headed by Reza Bundy... READ MORE...
posted on Tuesday, April 22, 2008
Touchdown Technologies Raises $22M
Baldwin Park-based Touchdown Technologies, a firm which manufactures MEMs probes for the semiconductor test industry, has raised $22M in venture funding, according to numbers released in the PricewaterhouseCoopers/NVCA MoneyTree report this... READ MORE...
posted on Monday, April 21, 2008
Southern California Companies Raise $856.8M in Q1
PricewaterhouseCoopers and the National Venture Capital Association (NVCA) released their quarterly venture capital numbers over the weekend, reporting that Southern California had venture capital investments totaling $856.8M for the first ... READ MORE...
posted on Monday, April 21, 2008
Buzznet Gets Investment From Universal Music Group
Los Angeles-based social media site Buzznet has received an investment from Universal Music Group, the firms said today. Financial terms of the deal were not disclosed. According to the companies, the investment was made as part of a partne... READ MORE...
posted on Thursday, April 17, 2008
EQAL Raises $5M
Los Angeles-based EQAL, the firm behind YouTube sensation lonelygirl15 and Internet drama KateModern, said Thursday that it has raised $5M in a Series A funding. The round was led by Spark Capital. Other investors in the firm included angel... READ MORE...
posted on Thursday, April 17, 2008
Central Desktop Raises $7M
Pasadena-based Central Desktop, which operates a software-as-a-service offering for project management, said today that it has raised $7M in a first round of funding from OpenView Venture Partners. According to the firm, the investment will... READ MORE...
posted on Wednesday, April 16, 2008
PluggedIn Launches, Gets Funding
Santa Monica-based PluggedIn announced Tuesday evening that the firm has launched a beta of its website, and disclosed funding from Overbrook Entertainment, the entertainment firm run by Will Smith, James Lassiter and Ken Stovitz. Financial... READ MORE...
posted on Tuesday, April 15, 2008
Mainstream Energy Gets $40M
San Luis Obispo-based Mainstream Energy Corporation has raised $40M in an equity investment from Renewable Energy Corporation ASA, a Norwegian producer of photovoltaic materials. Mainstream said last week that the deal gives Renewable Energ... READ MORE...
posted on Tuesday, April 15, 2008
Anaphore Raises $8M, Launches Firm
San Diego-based Anaphore announced Tuesday that the firm has created a new company focused on protein therapeutics, and raised $8M in funding. The funding came from 5AM Ventures and Versant Ventures. According to Anaphore, it was created th... READ MORE...
posted on Tuesday, April 15, 2008
Nirvanix Adds EFF As Investor
San Diego-based Internet storage firm Nirvanix has added a new investor, the European Founders Fund, the company announced today. Terms of the additional investment were not disclosed. The European Founders Found (EFF) is an investment firm... READ MORE...
posted on Tuesday, April 15, 2008
Venture Capital Fundraising Slows, But Fund Sizes Increase
Thomson Financial and the National Venture Capital Association (NVCA) reported Monday that venture capital fundraising slowed during the quarter, with a 31 percent decrease in the number of funds raising venture capital funds in the first q... READ MORE...
posted on Monday, April 14, 2008
Mojix Unveils RFID Product, Company
Los Angeles-based Mojix said this morning that the firm has launched the firm, and unveiled a new set of RFID systems focused on the supply chain management and asset tracking market. The firm, which is venture backed by Oak Investment Part... READ MORE...
posted on Monday, April 14, 2008
eduFire.com Raises $400K
Los Angeles-based eduFire.com, which is developing an online platform for real-time, in-browser video learning, has raised $400,000 in an angel investment round, the firm's CEO, Jon Bischke, told socalTECH Tuesday. The company, which helps ... READ MORE...
posted on Wednesday, April 9, 2008
Venture Farm Invests In Vator.tv
Irvine-based Venture Farm, the early stage funding firm run by angel Sid Mohasseb, has made an investment in Bay Area firm Vator.tv, the firm announced Tuesday. Venture Farm--which is looking to help companies with both early stage funding ... READ MORE...
posted on Tuesday, April 8, 2008
FIX8 Scores $2M For Avatar Technology
Los Angeles-based FIX8, a developer of software to create custom avatars, said Thursday that it has raised $2M in a Series A financing round. The funding came from SK Telecom. FIX8 said that the round brings the company's total Series A fun... READ MORE...
posted on Thursday, April 3, 2008
Venture Backed Exits Drop
Dow Jones VentureSource is reporting this morning that liquidity generated by mergers and acquisition and initial public offerings of venture-backed companies in the U.S. has fallen to its lowest quarterly total, since the fourth quarter of... READ MORE...
posted on Wednesday, April 2, 2008
Alure Medical Raises $4.5M For Medical Devices
San Diego-based Alure Medical has raised $4.5M in a Series A investment, the firm said today, for its minimally-invasive, soft tissue lift devices and delivery systems. The company's medical devices are used for platic surgery. Investors in... READ MORE...
posted on Tuesday, April 1, 2008
Digital Union Scores $1.7M For Software
North Hollywood-based Digital Union said Monday that it has closed on $1.7M of Series A funding for the firm's collaboration software. The funding came from an undisclosed list of individual investors, which the company described as a group... READ MORE...
posted on Monday, March 31, 2008
Triage Wireless Gets $20.3M
San Diego-based Triage Wireless, which is developing medical devices used for monitoring patients via wireless sensors, said today that it has raised $20.3M in a strategic investment round from Qualcomm Ventures. The round also included par... READ MORE...
posted on Monday, March 31, 2008
Chumby Takes $12.5M In Series B
San Diego-based Chumby Industires, which designs and develops a Linux-based gadget for connecting to Internet information services, said today that it has raised $12.5M in a Series B funding round. The lead investor in the round was JK&B Ca... READ MORE...
posted on Monday, March 31, 2008
Morph Labs Raises $1.5M
Los Angeles and Phillipinnes-based firm Morph Labs said today that it has raised $1.5M in funding from CSK Venture Capital Co. Ltd, and AO Capital. Morph Labs, which is headed by former Gluecode Software head Winston Damarillo, provides a s... READ MORE...
posted on Friday, March 28, 2008
AVANIR Gets $40M In PIPE
Aliso Viejo-based AVANIR Pharmaceuticals said this morning that it has raised $40M in a registered direct offering from its venture investors. The funding was led by ProQuest Investments, and also included Clarus Ventures, Vivo Ventures, an... READ MORE...
posted on Thursday, March 27, 2008
Materia Spins Off New Company With $40M In Funding
Pasadena-based Caltech spinoff Materia said today that it has created a new company called Elevance Renewable Sciences. The new firm, which is being created in partnership with Cargill, Incorporated, has raised $40M in new venture cpaital f... READ MORE...
posted on Wednesday, March 26, 2008
Demand Media Raises $35M, Says Report
PEHub is reporting that Los Angeles-based Demand Media, the online media firm run by Richard Rosenblatt, has raised another $35M in funding. No details of the funding have been released. The firm filed a regulatory filing with the SEC on Ma... READ MORE...
posted on Tuesday, March 25, 2008
Viva Vision Adds $2M
Santa Monica-based Viva Vision, which develops mobile content and applications, said today that it has raised an additional $2M in financing for the firm. According to the company, the funding came from Medical Capital Corporation, and will... READ MORE...
posted on Tuesday, March 25, 2008
Trius Therapeutics Raises $30M
San Diego-based Trius Therapeutics said today that it has raised $30M in a Series B funding round. The funding was led by Kleiner, Perkins, Caulfied and Byers. FinTech Global Capital, a new investor in the firm, also participated, along wit... READ MORE...
posted on Monday, March 24, 2008
Retention Education Pulls In Series B
Aliso Viejo-based Retention Education, a provider of language instruction materials for teaching English and Spanish, has closed a Series B round of funding, the firm said Wednesday. Amount of the funding was not disclosed. The funding came... READ MORE...
posted on Wednesday, March 19, 2008
NetSeer Hires Yahoo VP, Discloses Funding
Los Angeles-based NetSeer, a venture backed startup focused on the search and ad targeting market, has snagged Yahoo's Executive VP of Global Sales as its new President and CEO. NetSeer also revealed that it has received venture backing fro... READ MORE...
posted on Wednesday, March 19, 2008
Phoenix Motorcars Gets Investment
Ontario, California-based Phoenix MC, Inc. which is designing electric vehicles, said this morning that the firm has secured additional financing from two new investors. Phoenix Motorcars said that it received an undisclosed amount of fundi... READ MORE...
posted on Wednesday, March 19, 2008
MabVax Therapeutics Raises $8M For Cancer Treatment
San Diego-based MabVax Therapeutics has recently raised $8M in a Series A funding round, from GBP Capital. The firm is focused on development and commercialization of immunotherapies for the treatment of cancer. According to MabVax, the fir... READ MORE...
posted on Tuesday, March 18, 2008
posted on Tuesday, March 18, 2008
Luminous Medical Raises $23.5M
Carlsbad-based Luminous Medical said today that it has raised $23.5M in a Series B round of funding. The new round was led by Adams Street Partners, and also included RiverVest Venture Partners, Finistere Ventures, De Novo Ventures, and Lat... READ MORE...
posted on Tuesday, March 18, 2008
WebVisible Raises $12M
Irvine-based WebVisible announced that it has raised a $12M, Series B funding round for the firm's local advertising services today. The round came was led by Sutter Hill Ventures, and also included prior investor Redpoint Ventures. The fir... READ MORE...
posted on Monday, March 17, 2008
The Gold Rush of Digital Media Funds
Editor's note: We'd like to welcome author Tom Taulli as an occasional contributor to socalTECH. Tom is the author of The Complete M&A Handbook, and has contributed to Forbes and AOL's Bloggingstocks. Tom comments on the recent spate of d... READ MORE...
posted on Friday, March 14, 2008
Aperio Gets $20M
Vista-based Aperio announced this morning that it has raised $20M in a Series C funding. The firm, which develops digital pathology systems for the healthcare and life sciences industry, said the round was led by HLM Venture Partners. Exist... READ MORE...
posted on Thursday, March 13, 2008
Interview with Joe Morgan, SVB Asset Management
There's been a lot of recent speculation about the problems with the auction rate securities market, and its impact on startups. For those not familiar with auction rate securities, they are a financial instrument which has been used to pro... READ MORE...
posted on Thursday, March 13, 2008
LifeMasters Raises $15M More
Irvine-based LifeMasters Supported SelfCare said Tuesday that it has raised $15M in funding from some of its existing investors. Investors in the new round included VantagePoint Venture Partners, Saints Capital, and Opus Capital. LifeMaster... READ MORE...
posted on Tuesday, March 11, 2008
Los Angeles Makes List of Fastest Growing Regions For Venture Capital
Los Angeles has made a list of the fastest growing regions for venture capital, released today by the National Venture Capital Association. According to the NVCA and PricewaterhouseCoopers, Los Angeles was among the top five regions of the ... READ MORE...
posted on Tuesday, March 11, 2008
Xirrus Gets $26M
Westlake Village-based Xirrus said Tuesday that it has closed on a Series C funding round worth $26M. The funding was led by Canaan Partners, and included prior investors U.S. Venture Partners, August Capital, QuestMark Partners, and founde... READ MORE...
posted on Tuesday, March 11, 2008
BrainCells Raises $30M
San Diego-based BrainCells, a biopharmaceutical firm developing treatments for central nervous system diseases, said Monday that it has raised $30M in a Series B funding round. The round came from MedImmune Ventures, City Capital, Oxford Bi... READ MORE...
posted on Monday, March 10, 2008
MaxxAthlete Raises Funding, Acquires Online Sports Firms
Los Angeles-based MaxxAthlete said today that it has raised a Series A round of funding, and acquired three online event-based youth sports services. Financial terms of the funding, and acquisitions, was not disclosed. MaxxAthlete said the ... READ MORE...
posted on Monday, March 10, 2008
Saban Capital Creates New SoCal Media Fund
Los Angeles-based private investment firm Saban Capital Group said this morning that it has started a new digital media investment group, focused on investing in digital media firms. The company said that the new digital media investment di... READ MORE...
posted on Monday, March 10, 2008
WiSpry Adds $7M
Irvine-based WiSpry, a developer of RF semiconductors, said today that it has raised an additional $7M in a Series B funding round. The firm said the funding was led by its existing investors, American River Ventures, Blueprint Ventures, an... READ MORE...
posted on Monday, March 10, 2008
Interneer Adds $1.2M
Los Angeles-based Interneer, a company which develops software for developing enterprise applications, said Wednesday that it has raised $1.2M in a funding round from both new and exiting investors. Names of the new investors were not discl... READ MORE...
posted on Wednesday, March 5, 2008
Taltopia Gets $800K In Funding
Los Angeles-based Taltopia.com, which says it has created an free, online platform for connecting aspiring actors, musicians, models, comedians, and other talent with fans and industry professionals, said this morning that it has raised $80... READ MORE...
posted on Wednesday, March 5, 2008
Generate Rounds Up $6M for Entertainment Studio
Los Angeles-based Generate said late Tuesday evening that it has raised $6M in a Series A venture funding round. The firm, which bills itself as a "next-generation" production and management studio for professional entertainment, said the f... READ MORE...
posted on Wednesday, March 5, 2008
iRise Adds $20M For Simulation Software
El Segundo-based software firm iRise said this morning that it has raised an additional $20M in an investment round for the firm's visualization software. The new round of funding came from Morgan Stanley Venture Partners, Gold Hill Capital... READ MORE...
posted on Tuesday, March 4, 2008
William Morris, Accel, Venrock, and AT&T Target SoCal Investments
The William Morris Agency, Accel Partners, Venrock, and AT&T said Monday morning that the firms have agreed to create a new investment firm to seed and grow firms in Southern California. The firms said that a new joint fund will focus on di... READ MORE...
posted on Monday, March 3, 2008
Clean Technology Investments Jump To $3B Globally
Dow Jones VentureSource released numbers Friday showing that venture capitalists invested $3B in 221 clean technology deals worldwide in 2007. The report found that the number of dollars invested was a 43 percent increase over last year, wh... READ MORE...
posted on Friday, February 29, 2008
California Stem Cell Gets Funding
Irvine-based California Stem Cells said Friday morning that the firm has secured a Series A financing round, from undisclosed private investors. Amount of the investment was not disclosed. The firm said that it will use the funding to expan... READ MORE...
posted on Friday, February 29, 2008
Cianna Medical Gets $9M
Aliso Viejo-based Cianna Medical said yesterday that it has raised $9M in a Series A funding round. The company, which is a spinout of BioLucent, said the funding will go towards further commercialization of the firm's breast brachytherapy ... READ MORE...
posted on Wednesday, February 27, 2008
NanoImaging Sees $1.5M
San Diego-based NanoImaging Services, a provider of high resolution, three dimensional transmission electron microscope imaging services, said Tuesday that it has raised $1.5M in a Series A round from Merck Capital Ventures. NanoImaging sai... READ MORE...
posted on Tuesday, February 26, 2008
Momentum Ventures Funds Brown Bag Naturals
Los Angeles-based Momentum Venture Management said Monday that it has made an investment in Los Angeles-based Brown Bag Naturals. Momentum, which provides both funding and operational expertise to technology and other early stage companies,... READ MORE...
posted on Monday, February 25, 2008
Miles Electrical Vehicles Scores $15M
Santa Monica-based Miles Electric Vehicles, which is developing plug-in electrical vehicles, said today that it has raised $15M in an investment round from Angeleno Group and other investors. The firm said that it will use the funding to ad... READ MORE...
posted on Friday, February 22, 2008
Avalon Ventures Boosts Funds By $150M
La Jolla-based Avalon Ventures said earlier this week that it has closed on a new, $150M venture capital fund, Avalon VIII. The early stage investment group said that the eighth venture capital fund is the group's largest to date; LPs in th... READ MORE...
posted on Friday, February 22, 2008
Comedy.com Launches, Discloses Funding
Santa Monica-based Comedy.com has launched an online video web site focused on comedy, and has also scored a round of funding. The funding for the site came from Symbolic Action, Prism VentureWorks, and Walden Venture Capital. Comedy.com wa... READ MORE...
posted on Thursday, February 21, 2008
Dakim Pulls In $10.6M For Brain Fitness
Santa Monica-based Dakim, a firm developing brain fitness hardware and software for seniors, said Thursday that it has raised $10.6M in a Series C funding round. The funding came from Galen Partners, and is the first institutional investmen... READ MORE...
posted on Thursday, February 21, 2008
Boom! Studios Gets Funding
Los Angeles-based Boom! Studios, a firm which publishes comic books, graphic novels, and also develops other media, has raised a round of funding. Amount of the funding was not disclosed. According to David Cremin at venture capital firm DF... READ MORE...
posted on Thursday, February 21, 2008
Accumetrics Raises $28.8M
San Diego-based Accumetrics, which is developing diagnostic tests for measuring response of patients to anti-platelet drugs, said today that it has raised $28.8M in a Series D funding round. The round was led by Arnerich Massena & Associate... READ MORE...
posted on Thursday, February 21, 2008
BioIQ Raises $2.5M
Santa Barbara-based BioIQ, which develops healthcare information technology, said Wednesday that it has raised $2.5M in a Series B funding. The round was led by Great Pacific Capital. According to BioIQ, Dave Gross of Great Pacific will joi... READ MORE...
posted on Wednesday, February 20, 2008
VantageILM Gets Investment
Pasadena-based VantageILM, which provides software for managing loan origination, servicing, collections, accounting, and other functions for finance firms, banks, leasing companies, and credit unions, said Wednesday that it has raised a ro... READ MORE...
posted on Wednesday, February 20, 2008
Venture Farm, Frontera Link Investment Efforts
Irvine-based Venture Farm and venture firm Frontera Group said Tuesday that the two firms are in a strategic alliance. Venture Farm and Frontera Group said that the two groups will co-invest in emerging companies that fit the Venture Farm m... READ MORE...
posted on Tuesday, February 19, 2008
News Corp. Funds Startup Incubator
SlingShot Labs, a new startup incubator headed by MySpace execs Josh Berman and Colin Digiaro, has reportedly received $15M in funding from MySpace parent News Corp. According to a report in BusinessWeek, the new Santa Monica-based incubato... READ MORE...
posted on Thursday, February 14, 2008
X PRIZE Foundation Taps Venture Capitalist For Life Sciences Head
Santa Monica-based nonprofit The X PRIZE Foundation said this morning that it has appointed Bard J. Geesaman as the group's Executive Director, Life Sciences. The X Prize Foundation -- which is best known for its successful efforts to send ... READ MORE...
posted on Wednesday, February 13, 2008
Universal Space Network Gains $18M
Newport Beach-based Universal Space Network said Monday that it has raised $18M in funding, in a combination of $13M in equity and $5M in debt. Universal Space Network provides outsourced space operations, and ground control and communicati... READ MORE...
posted on Monday, February 11, 2008
Interview with Derek Norton, Watertower Group
Last month, Los Angeles-based Watertower Group (www.watertowergroup.com) announced a new venture fund focused on $500K to $1M deals in the technology and digital media sector. The firm is geography agnostic, and invests in not just Southern... READ MORE...
posted on Monday, February 11, 2008
WooMe Raises $3M More
Los Angeles-based WooMe, the online dating and introductions web site, is announcing today that it has received $3M in a bridge funding round from the firm's prior investors. The round was led by Mangrove Capital, and also included Atomico,... READ MORE...
posted on Thursday, February 7, 2008
Traversa Therapeutics Gets $2M
La Jolla-based Traversa Therapeutics said late Monday morning that it has raised $2M in a Series A funding from the Tech Coast Angels, along with Mesa Verde Venture Partners and Morningside Group. Traversa is developing RNAi delivery techno... READ MORE...
posted on Monday, February 4, 2008
Sonexa Therapeutics Raises $30M
San Diego-based Sonexa Therapeutics said last week that the firm has raised $30M in a Series A funding. The round came from Domain Associates, Scale Venture Partners, and Alta Partners, and also included AgeChem Venture Fund and MC Life Sci... READ MORE...
posted on Monday, February 4, 2008
Arbor Surgical Pulls In $20M
Irvine-based Arbor Surgical, a developer of medical devices, said this week that it has closed on $20M in Series C funding. The funding was led by Medtronic, and was part of a licensing agreement between the companies. According to Arbor Su... READ MORE...
posted on Wednesday, January 30, 2008
WonderHowTo.com Raises Series A, Launches How-To Video Site
Santa Monica-based WonderHowTo.com said Wednesday that it has closed a Series A investment led by General Catalyst Partners. Financial terms of the funding were not disclosed. The firm also said it has launched a new, How-To video site whic... READ MORE...
posted on Wednesday, January 30, 2008
ThisNext Raises $5M
Santa Monica-based ThisNext has raised $5M in a Series B funding round, the firm confirmed today with socalTECH. The round came from the firm's existing investors, which includes Clearstone Ventures and Anthem Venture Partners. Gordon Gould... READ MORE...
posted on Tuesday, January 29, 2008
ThisNext Raises $5M
Santa Monica-based ThisNext has raised $5M in a Series B funding round, the firm confirmed today with socalTECH. The round came from the firm's existing investors, which includes Clearstone Ventures and Anthem Venture Partners. Gordon Gould... READ MORE...
posted on Tuesday, January 29, 2008
Watertower Group Launches Venture Fund
Los Angeles-based Watertower Group said earlier this month that it has launched a new, venture capital fund focused on investments in the technology and digital media sector. The firm said it will look to invest between $100,000 and $1M in ... READ MORE...
posted on Monday, January 28, 2008
kidthing Raises $3M For Learning Site
Los Angeles-based kidthing said today that it has raised $3M in a venture financing round. The funding came from Alpinesky LLC and angel investors. According to kidthing, David Cooper of Alpinesky has joined the firm's board as part of the ... READ MORE...
posted on Monday, January 28, 2008
Chimeracore Raises $9.0M
Santa Barbara-based Chimeracore, a firm developing bio-therapeutics and synthetic drugs, has quietly raised $9.0M in a venture funding round. The funding was disclosed in this week's PricewaterhouseCoopers/NVCA MoneyTree report. Financial t... READ MORE...
posted on Friday, January 25, 2008
Nexiant Adds $5.0M
Irvine-based Nexiant, a firm which develops automated dispensing systems for maintenance operations, has quietly raised $5.0M in additional funding, according to the PwC/NVCA MoneyTree report. The company, which was formerly known as Dispen... READ MORE...
posted on Friday, January 25, 2008
Verari Garners $18M In Q4
San Diego-based computing systems developer Verari Systems raised $17.949M in funding sometime during Q4, according to the latest PwC/NVCA MoneyTree report. The funding follows a $25.0M venture funding round the company announced in June of... READ MORE...
posted on Friday, January 25, 2008
North American Scientific Gets $15.5M In PIPE
Chatsworth-based North American Scientific said Tuesday that it has closed on a $15.5M private placement of its common stock. The funding came from venture capital firms Three Arch Partners, CHL Medical Partners, and SF Capital Partners. Ac... READ MORE...
posted on Tuesday, January 22, 2008
Covario Raises $16M
San Diego-based Covario, a provider of search engine marketing software and services, said today that it has raised $16M in a Series B funding round. The company, which was until yesterday known as SEMDirector, said the funding came from FT... READ MORE...
posted on Tuesday, January 22, 2008
posted on Monday, January 21, 2008
ProQuo Adds $8M In Series B Funding
La Jolla-based ProQuo said Tuesday that it has received an $8M, second round of funding from Mission Ventures and Draper Fisher Jurvetson. Mission led the round for the company, which operates a service which stops junk mail and use of pers... READ MORE...
posted on Tuesday, January 15, 2008
Morgan Stanley Buys Stake In Cleantech VC NGEN Partners
Morgan Stanley announced Tuesday that it has taken a stake in Santa Barbara-based cleantech firm NGEN Partners LLC. Amount of the minority equity investment was not disclosed. Morgan Stanley claimed that the investment was the first by a ma... READ MORE...
posted on Tuesday, January 15, 2008
Fisker Gets Funding From Kleiner Perkins
Irvine-based Fisker Automotive, a company developing environmentally friendly, plug-in hybrid vehicles, has raised a round of funding from Kleiner Perkins Caufield & Byers, the firm said Tuesday. Size of the funding round was not disclosed,... READ MORE...
posted on Tuesday, January 15, 2008
Zogenix Gains $18M In New Funding
San Diego-based Zogenix, a firm developing specialty pharmaceuticals for the neurology and pain market, said Wednesday that it has raised $18M in a private placement of preferred stock. The round came from Abingworth Management Ltd., and al... READ MORE...
posted on Wednesday, January 9, 2008
Memeo Raises $8.1M Series B Funding
Aliso Viejo-based Memeo, a company which develops a backup and recovery software for photos, music, and other digital files, said Monday that it has raised $8.1M in a Series B round of funding. Funding came from the Foundry Group, which led... READ MORE...
posted on Monday, January 7, 2008
Cooking.com Raises $7M In Venture Debt
Santa Monica-based Cooking.com said this morning that it has raised $7M in a venture debt loan from ORIX Venture Finance. The firm, which operates an online e-commerce site for kitchen supplies, said that the funding would be used to expand... READ MORE...
posted on Wednesday, January 2, 2008
Cooking.com Raises $7M In Venture Debt
Santa Monica-based Cooking.com said this morning that it has raised $7M in a venture debt loan from ORIX Venture Finance. The firm, which operates an online e-commerce site for kitchen supplies, said that the funding would be used to expand... READ MORE...
posted on Wednesday, January 2, 2008
Nirvanix Gets Investment From Intel Capital
San Diego-based Nirvanix announced Wednesday morning that it has added Intel Capital as an investor in the firm. Financial terms of the investment were not disclosed. Nirvanix is a developer of an Internet storage service which is accessibl... READ MORE...
posted on Wednesday, December 19, 2007
Big Stage Launches Beta, Names CEO
Pasadena-based Big Stage said Tuesday that it has named Chuck Huebner of Activision as President and CEO of the firm, and also launched a beta of the firm's 3-D avatar technology. The firm, which is a spinoff of the University of Southern C... READ MORE...
posted on Tuesday, December 18, 2007
DFJ Frontier Gets $5M From City of Ventura
Venture capital firm DFJ Frontier has received $5M from the City of Ventura for potential investment in the city, as part of the DFJ Frontier II Fund. Ventura's City Council approved the investment Monday evening as part of a "Jobs Investm... READ MORE...
posted on Tuesday, December 18, 2007
Velocity, ComVentures Merge
Los Angeles-based Velocity, the investment group headed by former Fox Interactive Media head Ross Levinsohn and AOL's Jonathan Miller, and venture capital firm ComVentures, said today that the firms have merged to form Velocity Interactive ... READ MORE...
posted on Tuesday, December 18, 2007
Juice Wireless Pulls In $6M
Los Angeles-based Juice Wireless said today that it has closed on $6M in a third round of venture capital. The round was led by 21Ventures. According to Juice Wireless, investors in the company also include Qualcomm and Citizen's Communicat... READ MORE...
posted on Monday, December 17, 2007
Energy and Power Solutions Raises $20M
Costa Mesa-based Energy and Power Solutions, a firm which helps manufacturing firms develop energy efficiency, renewable generation, and other "clean energy" projects, has raised $20M in a Series A financing. The funding came from NGEN and ... READ MORE...
posted on Wednesday, December 12, 2007
REVShare Scores $20M
REVShare, a Temecula-based provider of cost-per-action advertising on television, has raised $20M in a venture round, according to The Carlyle Group and H.I.G. Ventures. REVShare operates a bidding system that allows television media provid... READ MORE...
posted on Tuesday, December 11, 2007
E-Band Communications Adds $10M
San Diego-based E-Band Communications Corporation, a company developing high-capacity, millimeter-wave wireless transmission systems, said today that it has raised $10M in a Series B funding round. The round came from Reliance Technology Ve... READ MORE...
posted on Tuesday, December 11, 2007
REVA Medical Raises $42M
San Diego-based REVA Medical said Monday afternoon that it has raised $42M in a private financing round. The firm, which is developing bioresorbable stents for treating arterial disease, said that the round was led by Cerberus Capital Manag... READ MORE...
posted on Monday, December 10, 2007
ParAccel Pulls In $20M
San Diego-based ParAccel, a firm that develops database management software, said Monday that it has raised $20M in a Series B funding. The round was led by Walden International, and also included Mohr, Davidow Ventures and Bay Partners. Th... READ MORE...
posted on Monday, December 10, 2007
Techforward Gets Second Round
Los Angeles-based TechForward, a firm which provides a way for consumers to guarantee buyback prices on consumer electronics items, said today that it has raised a second round of funding from New Enterprise Associates. Prior investor First... READ MORE...
posted on Monday, December 10, 2007
Edgecast Networks Raises $6M From Steamboat
Los Angeles-based EdgeCast Networks is announcing today that it has raised $6M in a Series B financing, in a deal led by Steamboat Ventures. Steamboat is the venture capital fund associated with The Walt Disney COmpany. EdgeCast is a conten... READ MORE...
posted on Monday, December 10, 2007
Calixa Therapeutics Gets Investment From Domain
Calixa Therapeutics, a stealth San Diego biopharmaceuticals firm, has quietly raised a round of venture capital from Domain Associates, socalTECH has learned. According to Domain, Calixa is focused on developing, acquiring and commercializi... READ MORE...
posted on Tuesday, December 4, 2007
Regulus Therapeutics Snags Xanthopoulous As CEO
Carlsbad-based Regulus Therapeutics, the joint venture between Alnylan Pharmaceuticals and Isis Pharmaceuticals, said today that it has appointed Kleanthis G. Xanthopoulos as its President and CEO. Xanthopoulos joins the firm from Enterpris... READ MORE...
posted on Monday, December 3, 2007
Allylix Scores $3.35M
San Diego-based Allylix, a developer of chemicals for the flavor, fragrance, pharmaceutical, nutraceutical, and agricultural markets, said today that it has raised $3.35M in a venture round. The funding came from the Tech Coast Angels, Life... READ MORE...
posted on Thursday, November 29, 2007
XSCapacity Raises Funding Round
Irvine-based Venture Farm said Monday that it has invested in XSCapacity, a firm which provides an online marketplace for truck shipping capacity. Financial terms of the deal were not disclosed. XSCapacity allows ground freight shippers to ... READ MORE...
posted on Tuesday, November 27, 2007
Fanista.com Gets Funding, Launches Beta
Beverly Hills-based Fanista.com said yesterday that it has launched its beta web site, and will provide what it calls a "community-powered" marketplace for entertainment. The firm is looking to sell DVDs and CDs, rewarding users for signing... READ MORE...
posted on Wednesday, November 21, 2007
World Mahjong Tour Gets Funding
Los Angeles-based World Mahjong Tour, a new startup founded by Pierre Wu of Click2Asia and David Wang of World Poker Tour, said Tuesday that it has raised a Series A round of funding. Amount of the funding was not disclosed, however the rou... READ MORE...
posted on Wednesday, November 21, 2007
Blowtorch Gets $50M For New Media Studio
Blowtorch Entertainment said this morning that it has raised $50M in a venture capital round to create a new media company, which will develop both online and other content. The firm, which is dual-headquartered in San Francisco and Los Ang... READ MORE...
posted on Friday, November 16, 2007
Ambit Biosciences Gets $49M In Funding
San Diego-based Ambit Biosciences said today that it has raised $49.3M in a Series D equity financing. According to Ambit, the round came from Apposite Capital LLP, and also included MedImmune Ventures, OrbiMed Advisors, Radius Ventures, No... READ MORE...
posted on Wednesday, November 14, 2007
SmartDrive Systems Steers In Another $46M
San Diego-based SmartDrive Systems announced late Tuesday that it has raised $46M in a Series D round of funding. The firm, which develops systems targeted at fleet vehicles for monitoring driver safety, said the round was co-led by Oak Inv... READ MORE...
posted on Tuesday, November 13, 2007
Pacific Pathway Gets Funding
Solana beach-based Pacific Pathway, which manufactures emergency preparedness and personal safety products, said Monday that it has raised a round of equity financing from Highland Consumer Fund. Financial terms were not disclosed. Pacific ... READ MORE...
posted on Tuesday, November 13, 2007
Anaptys Biosciences Raises $33.9M
San Diego-based Anaptys Biosciences, a biotech firm developing therapeutic antibodies, said last week that it has raised $33.9M in a Series B financing round. The funding came from Novo A/S, and also included Frazier Healthcare Ventures, Al... READ MORE...
posted on Monday, November 12, 2007
YouMail Raises $4.5M
Irvine-based customized voice mailbox company YouMail said this morning that it has raised $4.5M in a Series A investment, from VantagePoint Venture Partners. YouMail said that the funding will go towards the firm's product development and ... READ MORE...
posted on Tuesday, November 6, 2007
VMIX Raises $16.5M
San Diego-based VMIX, an online media sharing and social networking web site, said Wednesday that the firm has raised $16.5M in a venture round. The new funding came from JK&B Capital and ATA Ventures, along with prior investors Mission Ven... READ MORE...
posted on Wednesday, October 31, 2007
Semtek Gets Series A
San Diego-based Semtek, a provider of a hardware devices for payment card security, announced today that it has raised a Series A round of funding. Amount of the funding was not disclosed. The funding came from RRE Ventures and Venrock, who... READ MORE...
posted on Wednesday, October 31, 2007
mobileStorm Raises Series A Funding
Los Angeles-based mobileStorm has raised a Series A round of funding, according to eonBusiness, the venture capital firm behind the round. eonBusiness said it was the sole investor in mobileStorm, a provider of email marketing products and ... READ MORE...
posted on Tuesday, October 30, 2007
Imagine Communications Adds $15M
San Diego-based Imagine Communications, which develops video on demand and IPTV hardware, said today that it has closed on $15M in Series B funding for the firm. The round was led by Court Square Ventures, and also included prior investors ... READ MORE...
posted on Tuesday, October 30, 2007
Solarflare Gets $15M In Debt
Irvine-based Solarflare Communications has received $15M in a venture debt round, according to Hercules Technology Growth Capital. Hercules, which provides venture debt and equity to technology and life sciences companies, said Monday that ... READ MORE...
posted on Monday, October 29, 2007
Hyperfactory Gets Funding
Los Angeles-based The Hyperfactory said Monday morning that the firm has raised a "significant" round of funding from a number of entertainment industry angels. Terms of the investment were not disclosed. The firm, which develops mobile bra... READ MORE...
posted on Monday, October 29, 2007
Solarflare Quietly Adds $14.8M In Funding
Irvine-based Solarflare Communications, a developer of 10 Gigabit Ethernet over copper semiconductors, has quietly added another $14.8M to the company's coffers. The funding was disclosed in both a September 5th regulatory filing, as well ... READ MORE...
posted on Friday, October 26, 2007
InTouch Technologies Raises $7.2M
Santa Barbara-based InTouch Technologies, which develops remote presence technology and robots for healthcare, has quietly raised $7.274M in venture funding. The funding was disclosed in both regulatory filings as well as the latest PwC/NVC... READ MORE...
posted on Thursday, October 25, 2007
Xencor Raises $15M
Monrovia, California-based Xencor said this morning that it has raised an additional $15M in its Series E round, bringing its total raised in the round to $60M. Xencor said the additional capital came from Oxford Bioscience Partners and Mer... READ MORE...
posted on Thursday, October 25, 2007
Siimpel Gets Investment From Motorola
Arcadia, California-based Siimpel has received an investment from Motorola's venture capital arm, Motorola Ventures, Motorola said Wednesday. Motorola said that Motorola Ventures made an equity investment in Siimpel, but did not disclose th... READ MORE...
posted on Wednesday, October 24, 2007
OuroBoros Raises $4M For Spinal Devices
Stealthy OuroBoros, based in San Diego, has raised $4M in a funding round for a minimally invasive spinal fusion device. No details of the company or round have been released. The firm first disclosed the funding in a regularly filing on Se... READ MORE...
posted on Tuesday, October 23, 2007
Venture Capital Deals Total $7.1B In Q3
PricewaterhouseCoopers and the National Venture Capital Association reported over the weekend that nationwide, venture capital deals totaled $7.1B in 887 deals for the third quarter. The firms, which released their PwC/NVC MoneyTree Report,... READ MORE...
posted on Monday, October 22, 2007
Siimpel Raises $21.5M
Arcadia-based Siimpel, a manufacturer and designer of optical switching components and subsystems, has quietly raised $21.5M in venture funding. The round has not been announced, but was disclosed in the quarterly PwC/NVCA MoneyTree Report ... READ MORE...
posted on Monday, October 22, 2007
MoGreet Gets $1.2M
Los Angeles-based MoGreet, a stealth company in the area of mobile video messaging, has quietly raised at least $1.2M in venture capital from DFJ Frontier. DFJ Frontier, which is an affiliate of Draper Fisher Jurvetson, added MoGreet to its... READ MORE...
posted on Monday, October 22, 2007
RoyaltyShare Boosts Funding By $4M
San Diego-based RoyaltyShare, a provider of digital music royalty tracking services, said today that it has raised $4M in a Series B funding round. The new funding came from Bertelsmann Digital Media Investments and Trident Capital. The add... READ MORE...
posted on Monday, October 22, 2007
T2 Funds Water Purification Firm
T2 Venture Capital, the venture capital spinout of Larta Institute, has re-upped in a venture investment in Stonybrook Purification, a New York-based firm developing clean water purification systems. Stonybrook said this week that it has ra... READ MORE...
posted on Friday, October 19, 2007
Pinkberry Raises $27.5M
Los Angeles-based frozen yogurt chain Pinkberry has raised $27.5M in venture capital funding from Maveron, the venture firm founded by Starbucks founder Howard Schultz. The investment was disclosed by Maveron's Dan Levitan in interviews wit... READ MORE...
posted on Tuesday, October 16, 2007
fix8 Raises $3M
Los Angeles-based fix8, a company which develops online software for helping users animate videos, said today that it has completed a Series 1A financing worth $3M. The company said that the round of funding came from Singapore-based Vicker... READ MORE...
posted on Tuesday, October 16, 2007
MediKeeper Raises Series A Round
San Diego-based MediKeeper said late Friday that it has closed a Series A investment round, led by PacifiCap, a Hawaii-based venture capital firm. Financial terms of the deal were not disclosed. MediKeeper is a provider of web-based, electr... READ MORE...
posted on Monday, October 15, 2007
UCSB Gets $3M Gift For Stem Cell Center
Santa Barbara-based UC Santa Barbara said this week that it has received a $3M gift from William K. Bowes, Jr. to establish a endowed chair for the firm's planned Center for Stem Cell Biology and Engineering. Bowes is a venture capitalist a... READ MORE...
posted on Friday, October 12, 2007
Leads360 Raises $3.25M
Santa Monica-based Leads360 has raised $3.25M in a venture funding round from Rustic Canyon Partners, the firm said earlier this week. Leads360 is a provider of customer acquisition and lead management software. According to Lead360, John B... READ MORE...
posted on Friday, October 12, 2007
ReachLocal Raises $55.2M
Woodland Hills-based ReachLocal announced today that it has raised $55.2M in a venture funding round, led by Rho Ventures. The Series D investment also include Galleon Crossover Fund and VantagePoint Venture Partners. ReachLocal is a provid... READ MORE...
posted on Tuesday, October 9, 2007
Staccato Communications Raises $17.5M
San Diego-based Staccato Communications, which develops ultra wideband (UWB) wireless chips, said today that it has raised an additional $17.5M in equity financing. The new funding came from Allegis Capital, Bay Partners, Charles River Vent... READ MORE...
posted on Monday, October 8, 2007
Verimatrix Raises $5M
San Diego-based Verimatrix, a provider of content security and watermarking tools, said Thursday that it has raised $5M in additional capital. The round came from Mission Ventures, an existing investor in the firm. Verimatrix develops digit... READ MORE...
posted on Thursday, October 4, 2007
Verimatrix Raises $5M
San Diego-based Verimatrix, a provider of content security and watermarking tools, said Thursday that it has raised $5M in additional capital. The round came from Mission Ventures, an existing investor in the firm. Verimatrix develops digit... READ MORE...
posted on Thursday, October 4, 2007
Shopatron Scores $6M
San Luis Obispo-based Shopatron said Tuesday that it has raised $6M in a Series B funding round. The round came from Kern Whelan Capital, and also included participation by prior investor Rivenrock Capital. Shopatron develops e-commerce sof... READ MORE...
posted on Tuesday, October 2, 2007
The Rubicon Project Raises $6M
Los Angeles-based The Rubicon Project said Tuesday morning that the firm has raised $6M in a Series A venture round. The funding came from Clearstone Ventures, which invested $4M in the firm, alongside $2M in venture debt from Square1Bank. ... READ MORE...
posted on Tuesday, October 2, 2007
Sequel Pharmaceuticals Spins Out, Raises $20M
San Diego-based Sequel Pharmaceuticals said Thursday that it has raised $20M in a Series A financing, as part of its spinout from NovaCardia. The funding came from Domain Associates, Forward Ventures, InterWest Partners, Montreux Equity Par... READ MORE...
posted on Thursday, September 27, 2007
DECA Raises $5M For Digital Entertainment Studio
Santa Monica-based DECA is announcing today that it has raised $5M for an online digital entertainment studio. The firm said that the Series A funding came from Mayfield, General Catalyst Partners, and Atomico Investments, the investment fi... READ MORE...
posted on Thursday, September 27, 2007
Zag Raises $13.5M
Santa Monica-based Zag said today that it has raised an additional $13.5M in financing, in a deal led by the Capricorn Investment Group. Zag, which develops auto buying software which links automobile dealers and affinity groups like credit... READ MORE...
posted on Wednesday, September 26, 2007
Demand Media Reportedly Raises $100M
Los Angeles-based Demand Media has reportedly raised another $100M in venture funding. A spokesperson for the firm did not respond to requests by socalTECH for comments on the venture funding, however sources close to the firm confirmed tha... READ MORE...
posted on Wednesday, September 26, 2007
Cleantech Investments Surge
Ernst & Young and Dow Jones VentureOne are reporting today that the investments in clean technology companies this year have reached $1.1B in the first half of 2007. The research, which was released today, found that clean technology invest... READ MORE...
posted on Wednesday, September 26, 2007
LeisureLink Gets $8.1M
Pasadena-based LeisureLink, which operates an online booking service for vacation rental properties, said Tuesday morning that it has closed on $8.1M in a Series B-1 funding round. The venture round came from Clearstone Venture Partners, Gr... READ MORE...
posted on Tuesday, September 25, 2007
Interview with Sachin Deshpande, Tapioca Mobile
Earlier this month, San Diego-based Tapioca Mobile (www.tapiocamobile.com) raised a first round of funding from Venrock, saying that it is developing to deliver video and rich media to mobile handsets. To get a better perspective on where T... READ MORE...
posted on Monday, September 24, 2007
Earthlink, SK Telecom To Invest $270M In Helio
Earthlink confirmed Friday morning that the firm will invest $270M alongside SK Telecom in Los Angeles-based Helio. Earthlink reported that MVNO Helio now has 130,000 subscribers as of the end of August., and revenues of $140 to $170M. Howe... READ MORE...
posted on Friday, September 21, 2007
Interview with Patrick Harr, CEO of Nirvanix
San Diego-based Nirvanix (www.nirvanix.com) recently raised a round of venture capital from Mission Ventures, Valhalla, and Windward Ventures, for its online storage services. The firm is looking to provide outsourced data storage services ... READ MORE...
posted on Thursday, September 20, 2007
Intelligent Beauty Gets Funding
Manhattan Beach-based Intelligent Beauty, a marketing and technology firm which builds beauty brands, said this morning that it has received its first external round of funding. The funding came from Technology Crossover Ventures. Financial... READ MORE...
posted on Wednesday, September 19, 2007
Nirvanix Raises $12M
San Diego-based Nirvanix, a provider of Internet storage services, said today that it has raised $12M in a venture capital round. The round was led by Mission Ventures and Valhalla Partnres, and also included Windward Ventures. Nirvanix sai... READ MORE...
posted on Tuesday, September 18, 2007
Interview with Adam Miller, Cornerstone OnDemand
Santa Monica-based Cornerstone OnDemand (www.cornerstoneondemand.com) is announcing today that it has raised a venture capital round, worth a healthy $32M, to help fund expansion at the software firm. We spoke with Adam Miller, the firm's ... READ MORE...
posted on Monday, September 17, 2007
SoCal Sees Web 2.0 Investment Increase
According to a new report released this morning by Dow Jones VentureOne, Southern California saw a "surge" in Web 2.0 venture capital deals in the first half of the year, with $59M invested in eight Web 2.0 deals, as investors put more than... READ MORE...
posted on Monday, September 17, 2007
SoCal Sees Web 2.0 Investment Increase
According to a new report released this morning by Dow Jones VentureOne, Southern California saw a "surge" in Web 2.0 venture capital deals in the first half of the year, with $59M invested in eight Web 2.0 deals, as investors put more than... READ MORE...
posted on Monday, September 17, 2007
Cornerstone OnDemand Raises $32M
Santa Monica-based Cornerstone OnDemand said this morning that it has completed $32M in new financing for the firm, in a round led by Beseemer Venture Partners and Bay Partners. Cornerstone is a provider of on-demand, software-as-a-service ... READ MORE...
posted on Monday, September 17, 2007
Pentadyne Power Adds $14M
Chatsworth-based Pentadyne Power, a developer of flywheel-based energy storage systems used for uninterruptible power supplies and energy storage, said Monday morning that it has raised $14M in a new venture round. Loudwater Investment Part... READ MORE...
posted on Monday, September 17, 2007
Tapioca Mobile Gets Funding From Venrock
San Diego-based Tapioca Mobile said this morning that it has raised an initial round of seed funding from venture capital firm Venrock. Size of the venture round was not disclosed. As part of the funding, David Siminoff and Neeraj Choubey o... READ MORE...
posted on Wednesday, September 12, 2007
Twistbox Raises $19.5M
Los Angeles-based Twistbox Entertainment said Monday that it has raised an additional $19.5M in a funding round, from an affiliate of ValueAct Capital and other, unnamed strategic investors. Jimmy Price of ValueAct has joined the firm's boa... READ MORE...
posted on Monday, September 10, 2007
Cyntellect Gets $3M
San Diego-based Cyntellect said today that it has raised $3M in a venture funding round. The Series D round came from Bru II Venture Capital Fund, based in Reykjavik, Iceland. Cyntellect said that Bru was the only participant in the second ... READ MORE...
posted on Thursday, September 6, 2007
TelASIC Raises $12.5M
El Segundo-based TelASIC Communications announced this morning that it has raised $12.5M in funding, in a new round led by ATA Venture. Prior investors Mission Ventures, Redpoint Ventures, and the IPO Group also participated in the round. T... READ MORE...
posted on Thursday, September 6, 2007
Clupedia Raises $1.3M
Santa Ana-based Clupedia has raised $1.3M in a Series A round, the company formally announced Monday. The round came from the Tech Coast Angels, and closed in late 2006. The Pasadena Angels and Frontera Group also participated in the fundin... READ MORE...
posted on Tuesday, September 4, 2007
Red Mango Scores Funding
Red Mango USA, a Los Angeles-based retail chain of Korean-style, frozen yogurt stores, has raised a round of venture capital from Stone Canyon Venture Partners. Amount of the investment has not been disclosed. Red Mango is expanding the Sou... READ MORE...
posted on Friday, August 31, 2007
Helixis Scores $10M
Carlsbad-based Helixis announced Wednesday that the company has raised $10M in a Series A investment, and launched operations. Funding came from Domain Associates and Okapi Venture Capital. Helixis is developing low-cost, molecular diagnost... READ MORE...
posted on Wednesday, August 29, 2007
MeetingSense Gets $3M
San Diego-based MeetingSense Software announced this morning that it has raised $3M in a Series A funding. The round came from TVC Capital LLC. MeetingSense develops software used to manage and capture action items during business meetings.... READ MORE...
posted on Wednesday, August 29, 2007
Trilogy Studios Finds $3.2M
Santa Monica-based virtual world development and videogame firm Trilogy Studios said today it has raised $3.2M in a Series B round of funding. Investors in the company were not announced. Trilogy said that the funding will go towards expand... READ MORE...
posted on Wednesday, August 29, 2007
inQ Raises $5M
Los Angeles-based inQ said today that it has closed a $5M, Series D funding round. The round was led by Emergence Capital, and also included the company's existing investors, Partech International, Dolphin Equity Partners, and Hudson Ventur... READ MORE...
posted on Tuesday, August 28, 2007
BioIQ Gets Funded By Great Pacific
Santa Barbara-based BioIQ, a firm developing home test kits and corporate wellness products for detecting diseases, has quietly raised a round of funding from Great Pacific Capital. Terms of the funding have not been announced, and a spokes... READ MORE...
posted on Friday, August 24, 2007
Venture Vehicles Finds $6M
Los Angeles-based Venture Vehicles, a company developing a three-wheel electric and hybrid vehicles, has raised $6M in a Series A funding. The funding came from NGEN Partners. Steve Parry of NGEN joins the firm's board as part of the fundi... READ MORE...
posted on Monday, August 20, 2007
Quartics Gets $7.5M In Debt
Irvine-based Quartics, a developer of wireless video processing chips, has raised $7.5M in venture debt, according to funder Hercules Technology Growth Capital. Hercules said that it provided the debt to provide growth capital for Quartics ... READ MORE...
posted on Friday, August 17, 2007
Lee Joins Prism Ventures
Peter Lee, most recently an associate at venture capital firm Clearstone Ventures, is joining Prism Venture Partners, a Boston-based venture capital fund. Lee said today in an email that he will be joining Prism Ventures in September, to he... READ MORE...
posted on Friday, August 17, 2007
Steamboat Ventures Adds Laskey As Managing Director
Beau Laskey, a venture capitalist who was most recently with EDF Ventures in San Diego, has joined Steamboat Ventures, the venture capital arm of Disney. Laskey said in a email that he has joined Steamboat Ventures as a Managing Director. L... READ MORE...
posted on Tuesday, August 14, 2007
SyncVoice Gets $11.6M
Costa Mesa-based SyncVoice Communications said today that it has raised $11.6M, and changed its name to Communicado. The firm, which provides management software for managing voice-over-IP and other communications, said that the funding cam... READ MORE...
posted on Monday, August 13, 2007
KFX Medical Raises $10M
Carlsbad-based KFX Medical said Thursday afternoon that it has raised $10M in a Series B funding round. The company develops minimally invasive percutaneous repair systems, for rotator cuff repair. The round was led by Alloy Ventures, and a... READ MORE...
posted on Friday, August 10, 2007
Shipwire Scores $4M
Los Angeles-based Shipwire has quietly raised $4M in a venture funding round for its outsourced shipping service, socalTECH has learned. Shipwire maintains warehouses in Los Angeles and Chicago, and handles shipping of products for companie... READ MORE...
posted on Friday, August 10, 2007
Nextivity Raises $16M
Nextivity, a stealth-mode wireless startup located in San Diego, has quietly raised $16M in a venture capital round, according to numbers reported in the PricewaterhouseCoopers/NVCA quarterly venture capital survey. No details on the fundin... READ MORE...
posted on Friday, August 10, 2007
Nereus Pharmaceuticals Raises $45M
San Diego-based Nereus Pharmaceuticals said Thursday that it has raised $45M in a Series D-2 financing. The new round of funding for the biopharmaceuticals firm was led by BankInvest Biomedical Venture of Copenhagen, and also included Roche... READ MORE...
posted on Thursday, August 9, 2007
Jacked Quietly Lands $6.7M
Santa Monica-based Jacked, a stealthy Internet start-up which describes itself as building a digital media platform to "hotwire their TVs," has quietly raised $6.7M in a venture capital round. The funding was disclosed as part of the recent... READ MORE...
posted on Thursday, August 9, 2007
Spot Runner Pulls In $32M
Los Angeles-based SpotRunner, which operates an online service that allows businesses to buy television advertising spots, has quietly raised another $32M in capital, according to numbers released by PricewaterhouseCoopers and the National ... READ MORE...
posted on Thursday, August 9, 2007
Passenger Adds $8.3M
Los Angeles-based Passenger, a firm developing software-as-a-service tools that allows companies to add private social community features to their web sites, said today that it has raised $8.3M in a Series B funding. The round was led by St... READ MORE...
posted on Tuesday, August 7, 2007
Southern California Firms Raise $933M In Venture Capital In Q2
PricewaterhouseCoopers and the National Venture Capital Association (NVCA) have released their Q2 2007 venture capital report, finding that there was $993M in venture capital raised by Southern California firms this quarter. Southern Califo... READ MORE...
posted on Monday, August 6, 2007
Tobira Therapeutics Raises $31M
San Diego and Princeton, New Jersey-based Tobira Therapeutics said last night that it has completed $31M in a Series A financing. The newly created firm is developing treatments for HIV/AIDs. The funding for the company came from Domain Ass... READ MORE...
posted on Thursday, August 2, 2007
Genoptix Files For IPO
San Diego-based Genoptix said this afternoon in a filing with the SEC that it is looking to raise up to $86.25M in an IPO. The firm said that it is looking to list on the NASDAQ Global Market as "GXDX." The IPO is being underwritten by Lehm... READ MORE...
posted on Tuesday, July 31, 2007
US Renewables Group Closes $475M Fund
Los Angeles-based US Renewables Group announced Tuesday morning that it has closed on $475M in commitments for its second fund, USRG Power & Biofuels Fund II, LP. The fund is focused on renewable power generation, clean fuels, and related l... READ MORE...
posted on Tuesday, July 31, 2007
Cyntellect Raises $15.1M For Expansion
San Diego-based Cyntellect has raised $15.1M in a new venture financing round, the company said Wednesday. The Series D round was led by Third Security LLC's New River Management V fund, along with one of the firm's existing shareholders. C... READ MORE...
posted on Thursday, July 26, 2007
Q4bis Raises $6M
Irvine-based Q4bis, a provider of software used for business intelligence, said late Tuesday that it has raised $6M in a venture round from TVC Capital. Q4Bis said that the Series A funding will enable the firm to expand its business. Steve... READ MORE...
posted on Wednesday, July 25, 2007
Multi-Factor Authentication Gets $4.5M
Irvine-based Multi-Factor Authentication, a company developing technology for multi-factor security for web sites, said today that it has raised $4.5M in a private placement. The firm said the funding came from a group of accredited investo... READ MORE...
posted on Wednesday, July 25, 2007
Transpera Announces Funding
Santa Monica-based Transpera has confirmed the firm's funding, saying Tuesday that it has raised a round of venture capital from First Round Capital, IDG Ventures, and Intel Capital. Transpera is developing next generation mobile video prod... READ MORE...
posted on Tuesday, July 24, 2007
posted on Monday, July 23, 2007
Campus Explorer Adds Investor
Los Angeles-based Campus Explorer, a firm which is developing an online information site focused on helping students, parents, and counselors, has quietly received venture capital backing, socalTECH.com has learned. Santa Barbara-based vent... READ MORE...
posted on Thursday, July 19, 2007
Transpera Gains Funding
Santa Monica-based Transpera, a firm that is developing mobile video products, has quietly landed backing from a number of venture firms, socalTECH.com has learned. Transpera is now listed as a portfolio firm on Intel Capital and First Roun... READ MORE...
posted on Thursday, July 19, 2007
Symwave Raises $12M
San Diego-based Symwave, a company which is designing high-performance, analog and mixed signal integrated circuits, said Wednesday evening that it has raised $12M in a Series C financing round. The round was led by Kodiak Venture Partners,... READ MORE...
posted on Thursday, July 19, 2007
Ablation Frontiers Adds $12.8M
Carlsbad-based Ablation Frontiers, a medical device firm developing treatments for irregular heart rhythms, said last night that it has closed $21.8M in a Series C financing. The round was led by Novartis Venture Fund, and also included new... READ MORE...
posted on Wednesday, July 18, 2007
Novocell Raises $25M
San Diego-based Novocell said Monday that it has closed on $25M in Series C financing. The round came from Sanderling Ventures, Asset Management Company, Pacific Horizon Ventures, and Johnson & Johnson Development Corporation. Johnson & Joh... READ MORE...
posted on Tuesday, July 17, 2007
Interview with Brett Weinstein, CEO of 60Frames
Brett Weinstein is CEO of 60Frames (www.60frames.com), a newly funded company which is looking to connect Hollywood with the Internet. The company just received $3.5M in venture funding from Tudor Investor Corp. and the Pilot Group last wee... READ MORE...
posted on Monday, July 16, 2007
myShape Closes Series B From DFJ
Pasadena-based myShape, an online clothing shopping firm, announced today that it has closed a Series B round of funding led by Draper Fisher Jurvetson. Amount of the investment was not disclosed. myShape is developing an online, apparel sh... READ MORE...
posted on Monday, July 16, 2007
Arkeia Software Lands $3M In Series B
Carlsbad-based Arkeia Software announced today that it has received $3M in a Series B equity funding round, from SPEF Ventures (Banque Populaire) and Credit Agricole private equity. Arkeia Software is a provider of backup and data protectio... READ MORE...
posted on Monday, July 16, 2007
DynaPump Raises $12M
Northridge-based DynaPump, a manufacturer of equipment for the oil and gas industry, said today that it has raised $12M in a Series C round of equity financing. The round of convertible preferred equity financing came from DFJ Element, whic... READ MORE...
posted on Monday, July 16, 2007
TargeGen Raises $40M
San Diego-based TargeGen announced Thursday afternoon that it has closed $40M in a Series D round of funding. The firm, which is developing biopharmaceuticals, said that the funding came from Innovis Investments, VantagePoint Venture Partne... READ MORE...
posted on Friday, July 13, 2007
Agensys Rounds Up $41M
Santa Monica-based Agensys has raised $41.3M, in a Series D round, the company announced today. Agensys, which is developing therapeutic antibodies targeted at prostate and other cancers, said that the round was co-led by Duquesne Capital M... READ MORE...
posted on Thursday, July 12, 2007
CODA Genomics Raises $7M
Laguna Hills-based CODA Genomics, which is developing technology for protein production, said today that it has raised $7M in a Series C funding round. The funding came from OVP Venture Partners, which led the round, along with existing inv... READ MORE...
posted on Wednesday, July 11, 2007
60Frames Raises $3.5M For Online Content
Los Angeles-based 60Frames Entertainment said today that it has raised $3.5M in funding to start a new company focused on financing, ad sales, and syndication of profesionally producted online content. Funding came from Tudor Investment Cor... READ MORE...
posted on Wednesday, July 11, 2007
ExaDigm Gets $12M
Santa Ana-based ExaDigm, a developer of wired and wireless point-of-sale (POS) terminals, announced Monday morning that it has received $12M in a Series B round. Funding came from Dunrath Capital and Valhalla Partners, along with McDonnell ... READ MORE...
posted on Monday, July 9, 2007
Ripple Adds $10M
El Segundo-based Ripple Networks said Monday that it has raised an additional $10M in a Series B funding. Funding came from Draper Fisher Jurvetson, which led the round, along with Trinity Ventures. John Fisher of DFJ has joined Ripple's bo... READ MORE...
posted on Monday, July 9, 2007
GaimTheory Scores Investment
Los Angeles-based GaimTheory, a company developing an online gaming platform, has received an undisclosed amount of investment from Momentum Venture Management. Momentum, which provides both capital and management to early stage companies, ... READ MORE...
posted on Monday, July 9, 2007
SpectraSensors Raises $14M
Rancho Cucamonga-based SpectraSensors, a firm that manufactures optical gas analyzers for the natural gas and energy market, said Friday that it has raised $14M in a Series C round of funding. The funding was led by Nomura's New Energy & Cl... READ MORE...
posted on Monday, July 9, 2007
SAIL Ventures Funds Spark Plug Firm
Costa Mesa-based SAIL Ventures has funded Albuquerque, New Mexico-based ENERPULSE Incorporate, a firm developing a drop-in-replacement for automotive spark plugs. SAIL led a $5.5M Series B funding, alongside Altira Group. SAIL Ventures is a... READ MORE...
posted on Friday, July 6, 2007
Emergent Game Technologies Raises $12M
Calabasas-based Emergent Game Technologies, a developer of software used for the game development industry, said Tuesday that it has raised $12M in a Series D funding. The round came from Jerusalem Venture Partners and Worldview Technology ... READ MORE...
posted on Thursday, July 5, 2007
Venture-backed IPOs Gain, Acquisitions Slip In Q2
Thomson Financial and the National Venture Capital Association (NVCA) announced today that venture backed IPOs saw an increase in Q2, while merger and acquisitions activity declined in the quarter. THe firms released an "Exit Poll" report o... READ MORE...
posted on Monday, July 2, 2007
Coradiant Gets $15M
Poway-based Coradiant, a developer of monitoring software for data centers, has raised $15M. The round came from Mesirow Financial Private Equity, along with existing investors Desjardins, DCM, GrandBanks Capital and Miramar Venture Partner... READ MORE...
posted on Wednesday, June 27, 2007
VantageILM Raises $1.3M
Pasadena-based VantageILM, a developer of software for managing loans and leases, has scored $1.3M in a venture capital round led by Giant Step Angel Network. Other investors in the round included the Pasadena Angels, Stonnington Capital Pa... READ MORE...
posted on Wednesday, June 27, 2007
CircleUp Raises $3M
Los Angeles-based CircleUp, a firm that operates an online service focused on "social communications," is announcing today that it has raised $3M in a venture capital round. The funding is being led by Sid R. Bass Associates, which contribu... READ MORE...
posted on Tuesday, June 26, 2007
Ortiva Wireless Raises $15M
La Jolla-based Ortiva Wireless, a developer of mobile content technology, said today that it has raised $15M in a Series B round. The round was led by Comcast Interactive Capital, and also included prior investors Artiman Ventures, Mission ... READ MORE...
posted on Monday, June 25, 2007
LiveOffice Gets Investment From Summit Partners
Torrance-based LiveOffice, a provider of managed email security and archiving services, said this week that it has received a minority investment from Summit Partners. Terms of the financing were not disclosed. Greg Goldfarb and Peter Chung... READ MORE...
posted on Friday, June 22, 2007
Shelter Capital Funds MyTime Media
Los Angeles-based Shelter Capital has quietly funded a Los Angeles-based community site, MyTime Media, socalTECH has learned. According to Shelter Capital, MyTime Media is an online community combining targeted editorial materials with soci... READ MORE...
posted on Thursday, June 21, 2007
Domain Adds Evoke Pharma To Portfolio
San Diego-based venture capital firm has added San Diego-based Evoke Pharma to its list of portfolio firms. No details of the funding have been released, however according to Domain's web site Evoke is focused on acquisition and development... READ MORE...
posted on Thursday, June 21, 2007
SupplyFrame Inks $7M From USVP
Pasadena-based SupplyFrame, a firm which operates an online vertical search engine focused on electronic components, has raised $7M in a Series B funding. SupplyFrame said Tuesday that the funding round was led by U.S. Venture Partners, and... READ MORE...
posted on Tuesday, June 19, 2007
Teleflip Scores $1M In Debt
Los Angeles-based Teleflip, an operator of a service that allows cell phone customers to send and receive email with any cell phone, has raised $1M in debt financing. The funding came from Hercules Technology Growth Partners. According to T... READ MORE...
posted on Monday, June 18, 2007
K2 Network Raises $16M
Irvine-based K2 Network, a publisher of online games, said this morning that it has raised $16M in a Series B funding round. The investment was led by Intel Capital, and also included Greycroft Partners, Khosla Ventures, and Novel TM Ventur... READ MORE...
posted on Monday, June 18, 2007
Cyber-Rain Gets Investment
Los Angeles-based Cyber-Rain, a firm that develops technology that uses the Internet to wirelessly control irrigation systems, has received a round of venture capital from Momventum Venture Management. Amount of the investment was not discl... READ MORE...
posted on Monday, June 18, 2007
Veoh Raises $26M
San Diego-based online video sharing and distribution site Veoh has raised $26M in a Series C funding, according to a regulatory filing. According to PEHub, the site raised the new round of funding from Goldman Sachs, along with existing in... READ MORE...
posted on Friday, June 15, 2007
Enterprise Partners Promotes Nierenberg
San Diego-based venture capital firm Enterprise Partners said today that it has promoted Erik Nierenberg to Venture Partner. Nierenberg, who joined Enterprise Partners in 2004, will assume the board seats at portfolio firms Devicescape, Exp... READ MORE...
posted on Tuesday, June 12, 2007
GenVault Ups Round
Carlsbad-based GenVault, a company developing technology that allows biological samples to be stored at room temperature, announced Monday that it has added $1.5M in venture capital funding to the firm's recently announced round. The additi... READ MORE...
posted on Monday, June 11, 2007
FastSoft Scores $4M
Monrovia-based FastSoft, a Caltech spinoff developing Internet traffic acceleration technology, announced today that it has raised $4M in a venture capital round from Miramar Venture Partners. The firm said the Series A funding will go towa... READ MORE...
posted on Monday, June 11, 2007
XCOR Aerospace Gets Seed Funding
Mojave, California-based XCOR Aerospace, a firm developing suborbital vehicles, said Thursday that it has received an investment from the Boston Harbor Angels. Amount of the funding was not disclosed. XCOR said that the funds will support d... READ MORE...
posted on Friday, June 8, 2007
Sonos Closing $6M In Series B Funding
Santa Barbara-based Sonos, the developer of a wireless, digital music streaming system, is prepping to close a $6M Series B funding round, socalTECH has learned. The funding is coming from its existing backer, BV Capital, along with other u... READ MORE...
posted on Thursday, June 7, 2007
New Sun Nutrition Finds $25M
Santa Barbara-based New Sun Nutrition, a developer and distributor of health drinks and nutritional supplements, said today that it has raised $25M in a Series A round from Oak Investment Partners. The round also included investments from R... READ MORE...
posted on Wednesday, June 6, 2007
Motorola Invests In VOCEL
San Diego-base Vocel, a developer of mobile marketing technology, has raised a round of venture capital from Motorola, Motorola disclosed Tuesday. Motorola said that its venture capital arm, Motorola Ventures, invested in Vocel's opt-in-per... READ MORE...
posted on Tuesday, June 5, 2007
Verari Adds $20M
San Diego-based Verari Systems announced today that it has completed a round of funding worth over $20M, in a round led by Carlyle Venture Partners. Other investors in the round included Voyager Capital, Sierra Ventures, and an unnamed stra... READ MORE...
posted on Tuesday, June 5, 2007
Interneer Scores $2M
Los Angeles-based Interneer has scored $2M in a venture investment from GroundWork Equity, the firm said Tuesday morning. The firm, which develops technology that allows companies to configure web-based applications, also named Michael Edel... READ MORE...
posted on Tuesday, June 5, 2007
ThisNext Raises Round Of Venture Debt
Santa Monica-based ThisNext, an online shopping discovery and community web site, has raised a round of venture debt, the firm told socalTECH Friday. The firm's CEO, Gordon Gould, said that ThisNext raised a round from Western Technology In... READ MORE...
posted on Monday, June 4, 2007
Slacker Raises $40M
San Diego-based Slacker, the online and Wi-Fi enabled social music company, has raised $40M, according to a report published by Private Equity Week. Slacker operates an online service that allows you to create personalized Internet radio st... READ MORE...
posted on Friday, June 1, 2007
Advanced BioHealing Adds $4.5M To Series C
La Jolla-based Advanced Biohealing, which is developing a treatment for full-thickness diabetic foot ulcers, said Thursday that it has raised an additional $4.5M in its Series C round. The additional capital came from Safeguard Scientifics ... READ MORE...
posted on Friday, June 1, 2007
Interventional Spine Raises $24M
Irvine-based Interventional Spine has raised $24M in a Series C financing, the firm disclosed today. The lead investor in the funding was Ascension Health Ventures, LLC, and also included Wexford Capital LLC, HBM BioVentures, Rock Creek Par... READ MORE...
posted on Thursday, May 31, 2007
Mahalo Launches, Raises Capital
Santa Monica-based Mahalo, the newest startup from Weblogs founder Jason McCabe Calacanis, launched today at the Wall Street Journal's D: All Things Digital conference in San Diego. The startup said that it is launching an Alpha of a "human... READ MORE...
posted on Wednesday, May 30, 2007
Aperio Raises $10.6M
Vista, California-based Aperio Technologies announced Wednesday that the firm has raised $10.6M in a new financing round. The round was led by Galen Partners and Advanced Technology Ventures. The company, which develops digital pathology sy... READ MORE...
posted on Wednesday, May 30, 2007
Buzznet Scores $6M
Hollywood-based Buzznet, a social media site that allows users to contribute and share photos, videos, and other media focused on music, said today that it has raised $6M in venture financing from Redpoint Ventures and Anthem Venture Partne... READ MORE...
posted on Thursday, May 24, 2007
Prolacta Bioscience Raises $12M
Monrovia-based Prolacta Bioscience has raised $12M in a funding round, the firm said today, in a round led by Alta Partners. The round also included DFJ Frontier, Arcturus Capital, DFJ Mercury, Funk Ventures, Phillip Capital, Gideon Hixon F... READ MORE...
posted on Wednesday, May 23, 2007
Qualcomm To Invest Euro 100 Million In European Ventures
QUALCOMM, the San Diego-based wireless giant, said today that it has committed to invest euro 100 million in European companies offering technologies and services in the wireless arena. The firm said that it will focus on small- to medium-s... READ MORE...
posted on Wednesday, May 23, 2007
Clupedia Raises $1.3M
Santa Ana-based Clupedia has completed its angel round with the Tech Coast Angels, the firm said this week, in a Series A round that included 45 angels in the group. The firm's CEO, David Saad, said that the board now includes John Harbison... READ MORE...
posted on Tuesday, May 22, 2007
LARTA Launches New Venture Fund
Larta Institute said today that it has launched a new venture capital fund, T2 Venture Capital, which will invest in startups spinning out of government and academia. The new venture capital fund will be headed by Victor Hwang and Greg Horo... READ MORE...
posted on Wednesday, May 16, 2007
ID Analytics Finds $20M
San Diego-based ID Analytics, a company developing identity fraud prevention products, said today that it has raised $20M in a Series C funding. The new round was led by Investor Growth Capital, and also included existing investors Canaan P... READ MORE...
posted on Wednesday, May 16, 2007
babystyle Acquires Cadeau Maternity, Raises $11M
Los Angeles-based babystyle, the venture-backed retailer of maternity and baby products, announced today that it has acquired Cadeau Maternity, and raised $11M in funding from Global Retail Partners and Oak Investment Partners. Terms of the... READ MORE...
posted on Wednesday, May 16, 2007
Quanlight Adds $3M In Series B Funding
San Diego-based Quanlight has added $3M in a Series B funding, the company said Monday morning. The developer of high-power, red light emitting diodes (LEDs) said that the funding was led by Blackbird ventures and (SHW)2 Enterprises, along ... READ MORE...
posted on Monday, May 14, 2007
Pegasus Biologics Scores $20M
Irvine-based Pegasus Biologics has raised $20M in a Series C round, the company said Thursday. The round was led by ONSET Ventures, and also included prior investors Three Arch Partners, Frazier Healthcare Ventures, and new investor Affinit... READ MORE...
posted on Thursday, May 10, 2007
Interview with Mark Sylvester and Kymberlee Weil, introNetworks
Santa Barbara's introNetworks (www.intronetworks.com) first debuted its social networking software application at the TED conference in 2003, but just announced its first institutional investment, from Adobe Systems last week. introNetwork'... READ MORE...
posted on Wednesday, May 9, 2007
Intercasting Raises $12M
San Diego-based Intercasting, a firm developing mobile social networking applications, has raised $12M in a Series B funding, the company said today. The round was led by Venrock, and also included prior investors Avalon Ventures and Masthe... READ MORE...
posted on Tuesday, May 8, 2007
Leadpoint Adds $2.5M
Los Angeles-based Leadpoint, a firm that develops an online marketplace for buying and selling leads, has pulled in $2.5M as part of a $3.53M Series D round, according to a regulatory filing cited by publication Private Equity Week. Marc Di... READ MORE...
posted on Monday, May 7, 2007
Cluepedia Scores Angel Round
Santa Ana-based Cluepedia, a company that develops a web-based viral marketing services, has quietly raised $428K in an angel round, socalTECH has learned. The funding came from the Tech Coast Angels, but has not been announced. According t... READ MORE...
posted on Monday, May 7, 2007
Naviscan PET Systems Scores $15M
San Diego-based Naviscan PET Systems, a firm developing high resolution PET scanners used for medical imaging, has raised $15M in a Series C round, the firm said Thursday. The new round of funding was led by QuestMark Partners, and also inc... READ MORE...
posted on Friday, May 4, 2007
introNetworks Raises $2.7M
Santa Barbara-based introNetworks, a firm which develops online networking tools for companies, said Wednesdya that it has raised $2.7M in a Series A funding. The round came from Adobe Systems and also included other strategic investors. Th... READ MORE...
posted on Wednesday, May 2, 2007
Juice Wireless Scores $2.3M From Qualcomm, 21Ventures
Los Angeles-based Juice Wireless has raised $2.3M in a strategic round, the firm told socalTECH Tuesday, pulling in new investor Qualcomm along with existing investor 21 Ventures. Nick Desai, Chairman of Juice Wireless, said in an interview... READ MORE...
posted on Tuesday, May 1, 2007
MaMoCa Raises $750K
Irvine-based MaMoCa, a firm developing motion capture technology for the video game, TV, and movie animation industries, has quietly raised around $750K in an angel round from the Tech Coast Angels, socalTECH has learned. MaMoCa is developi... READ MORE...
posted on Monday, April 30, 2007
DevZuz Raises $9.25M From Mission, Redpoint
Marina Del Rey-based open source firm DevZuz has scored $9.25M in venture capital funding from Mission Ventures and Redpoint, the firm said Monday morning. The new firm was formerly Simula Labs, which was previously focused on venture fundi... READ MORE...
posted on Monday, April 30, 2007
Interview with Jade Van Doren and Marc Lebovitz, TechForward
Los Angeles-based TechForward (www.techforward.com) recently announced a round of venture capital funding from First Round Capital, for a service that allows consumers to lock in a trade in price for their laptop computers at the time of pu... READ MORE...
posted on Monday, April 30, 2007
ReVision Optics Sees $25M
Lake Forest-based Revision Optics has raised $25M in a new round of funding, the firm said today. The round, which was led by Domain Associates, also included Canaan Partners and InterWest Partners as investors. Brian Dovey of Domain will j... READ MORE...
posted on Monday, April 30, 2007
RoyaltyShare Scores $5M
San Diego-based RoyaltyShare, a provider of royalty tracking services for the online music market, said today that it has raised $5M in a Series B venture capital round. The firm said that the funding was led by Trident Capital, and that it... READ MORE...
posted on Monday, April 30, 2007
eForce Media Raises $7.6M
Santa Monica-based eForce Media, a firm developing lead generation software, has quietly raised $7.6M in venture capital, according to numbers disclosed in the quarterly PricewaterhouseCoopers venture capital report earlier this week. The f... READ MORE...
posted on Friday, April 27, 2007
CoreObjects Finds $8.5M
Los Angeles-based CoreObjects has raised $8.5M in an unannounced venture capital round. The funding was disclosed publicly in numbers released from PricewaterhouseCoopers in its quarterly venture capital report; however, the round was first... READ MORE...
posted on Friday, April 27, 2007
Emergent Game Technologies Raises $12M
Calabasas-based Emergent Game Technologies has raised $12M in additional funding for the firm's online video game software, according to information released in the PricewaterhouseCoopers/NVCA Moneytree report earlier this week. Emergent ha... READ MORE...
posted on Friday, April 27, 2007
Clone Interactive Receives $2.8M
Los Angeles-based Clone Interactive, a USC spinout developing technology around 3D avatars, has quietly raised $2.8M from Mission Ventures, Selby Ventures, and the Tech Coast Angels. The firm commercializing technology from the University o... READ MORE...
posted on Friday, April 27, 2007
Apacheta Finds Follow On Funding
San Diego-based Apacheta said Wednesday that it has received a follow-on investment to its Series B funding round. The additional capital came from investor Palisades Ventures, and also included other undisclosed private investors. Amount o... READ MORE...
posted on Wednesday, April 25, 2007
Techforward Raises Series A
Los Angeles-based TechForward, a firm which provides consumer electronic buyback services for retailers and manufacturers of consumer electronics, has raised a Series A investment from First Round Capital, the firm told socalTECH today. The... READ MORE...
posted on Tuesday, April 24, 2007
Southern California Gets $1.2B In Investments, Led by Surge In Healthcare
In the latest numbers released from PricewaterhouseCoopers and the National Venture Capital Association, Southern California saw a surge of venture capital investments totaling $1.2 billion dollars, led by an influx of investments in the he... READ MORE...
posted on Tuesday, April 24, 2007
Southern California Venture Capital Investments Hit $1.1B
Ernst & Young and Dow Jones VentureOne released their quarterly venture capital deal flow numbers this morning, reporting that Southern California saw $1.10 billion in investments in the first quarter of 2007. According to the report, this ... READ MORE...
posted on Monday, April 23, 2007
Emotive Communications Raises $7.7M
Encino-based Emotive Communications has raised $7.7M in a venture capital round, the firm said this week. The round came from D.E. Shaw Group, Bertelsmann Digital Investments, Warner Music Group, and angel investors. Emotive is developing a... READ MORE...
posted on Friday, April 20, 2007
Q1 Cleantech Venture Investments Hit $903M
North American and European investors invested a staggering $903M in clean technology investments in Q1 of 2007, according to a report released today by Cleantech Venture Network, a group that focuses on clean technology investments. Cleant... READ MORE...
posted on Thursday, April 19, 2007
Superprotonic Gets $16.2M
Pasadena-based Superprotonic, a developer of fuel cell technology based on technology spun out of Caltech, said Wednesday evening that it has raised $16.2M in a Series B financing round. The round was led by US Venture Partners, and also in... READ MORE...
posted on Thursday, April 19, 2007
Sientra Scores $85M
Santa Barbara-based Sientra, a medical device developer focused on the plastic surgery and aesthetics medicine area, announced this morning that it has raised $85M in a Series B funding. The funding came from Orbimed Advisors, and also incl... READ MORE...
posted on Wednesday, April 18, 2007
aTyr Pharma Raises $10.5M
San Diego-based aTyr Pharma, a biopharmaceutical firm focused on protein biologics for human therapeutics, said this morning that it has raised $10.5M in a Series B funding. The round was led by Alta Partners and Polaris Venture Partners. O... READ MORE...
posted on Wednesday, April 18, 2007
VC Fundraising Slows In Q1
New venture capital fundraising slowed down in the first quarter, according to a report released Monday by Thomson Financial and the National Venture Capital Association (NVCA). According to the groups, fifty six venture capital funds raise... READ MORE...
posted on Tuesday, April 17, 2007
Reunion.com Raises $25M
Los Angeles-based Reunion.com, an online service that connects adults with friends and family, said today that it has raised $25M in a venture capital round from Oak Investment Partners. Reunion.com said that the company is profitable and h... READ MORE...
posted on Monday, April 16, 2007
MESoft Finds $6M
Burbank-based MESoft announced Friday afternoon that it has raised $6M in funding, from Peninsula Equity Partners and Sid R. Bass Associates. MEsoft, which develops software for managing digital media, said that it will use the funding to b... READ MORE...
posted on Friday, April 13, 2007
Ascenta Therapeutics Raises $50M
San Diego-based Ascenta Therapeutics has raised $50M in a Series C financing, the firm said this morning. Ascenta said that it has received $30M in a first tranche of funding, with the remainder of the funding dependent on specific mileston... READ MORE...
posted on Tuesday, April 10, 2007
H2O Audio Adds $5M
San Diego-based H2O Audio, a provider of waterproof housings for Apple iPod and other media players, said today that it has closed a $5M Series C funding round. The funding came from Steelpoint Capital Partners. H2O Audio's waterproof produ... READ MORE...
posted on Monday, April 9, 2007
Proximetry Raises $5M
San Diego-based Proximetry announced Thursday that it has raised $5M in a venture financing round. The company said that the funding was led by Munich Venture Partners and Rembrandt Venture Partners, and also included Investec and Windward ... READ MORE...
posted on Thursday, April 5, 2007
Sangart Scores $50M
San Diego-based Sangart, a biopharmaceutical company focused on research, development and commercialization of oxygen transport agents, said today it has raised $50M in a Series F financing. The round was led by Leucadia National Corporatio... READ MORE...
posted on Wednesday, April 4, 2007
GenVault Scores $18M
Carlsbad-based GenVault, a provider of room temperature biosample management, said today that it has raised an additional $18M in venture financing. The funding came from QuestMark Partners, along with Domain Associates. Benjamin S. Schapir... READ MORE...
posted on Wednesday, April 4, 2007
Protemix Raises $14.5M
San Diego-baed Protemix, a biopharmaceutical firm developing an oral treatment for diabetic heart failure, said today that it has closed on $14.5M in Series A financing. The funding was co-led by Novartis Venture Fund and NovaQuest, and als... READ MORE...
posted on Wednesday, April 4, 2007
Southern California Raises Over $1B In VC In Q1 2007
A recent analysis of the socalTECH.com venture database finds that there was over $1.15B in venture capital deals disclosed or announced in Q1 of 2007 in Southern California, up significantly from the same quarter last year, when there were... READ MORE...
posted on Tuesday, April 3, 2007
Interview with Mark Stevens, General Partner, Sequoia Capital
Mark Stevens is a venture capitalist at Sequoia Capital, and the person behind the newly unveiled University of Southern California's Stevens Institute for Innovation, which is focused on bringing innovation and ideas from the University to... READ MORE...
posted on Friday, March 30, 2007
Xponent Photonics Beams In $23M
Monrovia-based Xponent Photonics, which manufactures surface mount photonic components, has raised $23M in what the firm says is a Series 3 funding. The round was led by American River Ventures, and also included existing investors Arcturus... READ MORE...
posted on Thursday, March 29, 2007
Investment Group Buys Pacific Title & Art
Hollywood-based Pacific Title & Art Studio, a wholly owned subsidiary of Safeguard Scientifics, has been acquired for $23M, according to Safeguard. Safeguard said today it sold the provder of film services to an investment group led by Cele... READ MORE...
posted on Thursday, March 29, 2007
CoreValve Scores $33M
CoreValve, an Irvine firm developing medical devices for percutaneous heart valve replacement, has raised $33M. Corevalve said today that the third round of funding was led by Maverick Capital, and also included existing investors Apax Part... READ MORE...
posted on Wednesday, March 28, 2007
GoTV Networks Gets Strategic Investment From Motorola
Sherman Oaks-based GoTV Networks has received a strategic investment from Motorola, Motorola said this morning. Motorola announced that Motorola Ventures, its venture capital arm, made an equity investment in GoTV Networks, which provides m... READ MORE...
posted on Tuesday, March 27, 2007
Orqis Medical Raises $12M
Lake Forest-based Orqis Medical, which is developing therapies for treating congestive heart failure, said that it has raised $12M in the second close of its Series D round of financing. The funding brings the company's Series D total to $3... READ MORE...
posted on Tuesday, March 27, 2007
Amira Pharmaceuticals Raises $25M
San Diego-based Amira Pharmaceuticals has raised $25M in a Series B financing, the firm said today. The investment was led by Novo A/S, and also included Avalon Ventures, Prospect Venture Partners, and Versant Ventures. The round brings the... READ MORE...
posted on Friday, March 23, 2007
Amp'd Mobile Raises $107M In Funding
Los Angeles-based mobile operator has reportedly raised $107M in funding, according to Private Equity Week, citing a regulatory filing. The firm, which operates a youth focused mobile phone service, reportedly received the Series E round fr... READ MORE...
posted on Wednesday, March 21, 2007
Numira Biosciences Gets $2.5M in Series A
vSpring Capital, the Tech Coast Angels, and the Pasadena Angels have funded Irvine-based Numira Biosciences, Numira said this morning. The Series A round was worth $2.5M. Numira develops R&D tools focused on genetics and molecular imaging. ... READ MORE...
posted on Wednesday, March 21, 2007
LegalZoom.com Raises Funding From Polaris
Los Angeles-based LegalZoom.com has raised new funding, the firm said today, in a round from Polaris Venture Partners. Amount of the funding was not disclosed. LegalZoom is an online legal document preparation service that offers prepared l... READ MORE...
posted on Wednesday, March 21, 2007
REAL D Raises $50M
Los Angeles-based REAL D, which developed 3-D projection technology used in the cinema industry, announced today that it has raised $50M from Shamrock Capital Growth Fund. Other terms of the deal were not disclosed. REAL D will use the fund... READ MORE...
posted on Wednesday, March 21, 2007
Web 2.0 Investments Double In 2006
A new study released today by Ernst & Young and Dow Jones VentureOne found that Web 2.0 investments doubled from investments in 2005, to $844.4M, with almost twice as many deals. The study, which classified Web 2.0 firms as using user-creat... READ MORE...
posted on Wednesday, March 21, 2007
HowFamous Gets Angel Funding
HowFamous.com, a Huntington Beach-based online site that operates an web-based talent contest community, said today it has closed its first angel round of funding. The funding came from a group of Orange County investors. According to HowFa... READ MORE...
posted on Tuesday, March 20, 2007
Tragara Pharmaceuticals Raises $40M
San Diego-based Tragara Pharmaceuticals announced this morning that it is developing therpaties for the treatment of cancer and inflammatory disease, and has closed $40M in a Series A funding. The new company said that it formally launched ... READ MORE...
posted on Wednesday, March 14, 2007
Kyriba Lands $14.4M
San Diego-based Kyriba, a developer of web-based cash and treasury management software, said this morning that it has received a $14.4M funding round. The firm said that the oversubscribed round was led by BRED Banque Populaire, and also in... READ MORE...
posted on Tuesday, March 13, 2007
Earthanol Gets $7.1M
Newport Beach-based Earthanol raised $7.1M in a venture round last week, according to @Ventures, the venture capital business of CMGI. Earthanol is a developer of waste-to-ethanol production plants. The round also included Nth Power, Sail v... READ MORE...
posted on Tuesday, March 13, 2007
IntelliDOT Scores $10M
San Diego-based IntelliDOT, a provider of software for healthcare workflow management and patient safety management, said today that it has raised $10M in a Series D round. The funding was led by Psilos Group, and also included Menlo Ventur... READ MORE...
posted on Monday, March 12, 2007
ElephantDrive Gets Funding From Intel
Los Angeles-based ElephantDrive, a company that uses Amazon's S3 storage service to provide online storage and backup services, has quietly raised a round of funding from Intel. The firm targets its online storage services for photos, music... READ MORE...
posted on Friday, March 9, 2007
Khosla Ventures Funds Gevo
Pasadena-based Gevo, which is developing biofuel technology around fermentation using synthetic biology, has raised a round of venture capital from Khosla Ventures, according to a regulatory filing and reports in VentureWire. The regulatory... READ MORE...
posted on Friday, March 9, 2007
Geni Raises $10M
Los Angeles-based Geni, an operator of an online, wiki-based geneaology web site for mapping your family tree, said Wednesday that it has raised $10M in additional funding from Charles River Ventures. As part of the funding, George Zachary ... READ MORE...
posted on Thursday, March 8, 2007
Phenomix Raises $55M Series C
San Diego-based Phenomix, a company developing therapeutics for the treatment of type 2 diabetes, hepatitis C, and other diseases, said today that it has closed on $55M in a Series C funding. The funding was led by Nomura Phase4 Ventures, a... READ MORE...
posted on Thursday, March 8, 2007
VentiRx Raises $28.9M
San Diego-based VentiRx Pharmaceuticals announced today that it has raised $28.9M in funding for the firm's treatments for cancer and infection, respiratory, and autoimmune diseases. The funding came from Frazier Healthcare Ventures, ARCH V... READ MORE...
posted on Tuesday, March 6, 2007
Momentum Ventures Adds MacFarlane As Managing Director
Los Angeles-based venture capital and venture acceleration firm Momentum Venture Management has tapped Stuart MacFarlane, former CEO of Insider Pages, as a Managing Director. MacFarlane will head the firm's efforts in the consumer Internet ... READ MORE...
posted on Tuesday, March 6, 2007
Nutricate Raises $750K
Santa Barbara-based Nutricate announced Friday that it has raised more than half of a $1.5M Series A funding, from Numenor Ventures and angel investors. Nutricate provides personalized nutritional information on food order receipts, and is ... READ MORE...
posted on Friday, March 2, 2007
Interview with Sid Mohasseb, Venture Farm
Sid Mohasseb is the Managing Partner of Venture Farm (www.venturefarm.com), based in Orange County, which is an early seed fund and effort to help early stage companies. socalTECH's Ben Kuo spoke with Sid about the idea behind the venture.... READ MORE...
posted on Friday, March 2, 2007
Chumby Gets Venture Investment
La Jolla-based Chumby, a developer of open, hackable, wireless electronic clocks, has received an investment from O'Reilly AlphaTech Ventures. Financial terms of the deal were not disclosed. The deal was announced as part of the formation o... READ MORE...
posted on Friday, March 2, 2007
DriveCam Raises $28M
San Diego-based DriveCam announced this morning that it has secured $28M in a Series C financing. The round came from Insight Venture Partners, Integral Capital Partners, along with original investors Menlo Ventures and JMI Equity. The fund... READ MORE...
posted on Thursday, March 1, 2007
Celebros Raises $3M
Santa Barbara-based Celebros announced Wednesday that the firm has raised $3M in an investment round. Source of the funding was not disclosed. Celebros is a provider of online search and analytics services for e-commerce shopping web sites.... READ MORE...
posted on Wednesday, February 28, 2007
Trius Therapeutics Finds $20M
San Diego-based Trius Therapeutics, a company developing antibacterial drugs for the treatment of serious infections, has raised $20M in a Series A funding. The funding came from Sofinnova Ventures, which led the deal, and also included Int... READ MORE...
posted on Wednesday, February 28, 2007
Visiogen Raises $24M
Irvine-based Visiogen announced Wednesday morning that it has received $24M in a venture capital round, led by CMEA Ventures. Other investors in the round included Foundation Medical Partners, Three Arch Partners, New Leaf Venture Partners,... READ MORE...
posted on Wednesday, February 28, 2007
Vantage Media Raises $70M
Venice, California-based Vantage Media announced this morning that it has raised $70M in a Series A investment, for the firm's search engine marketing and online lead generation business. The round came from Montgomery & Co., Scale Venture ... READ MORE...
posted on Wednesday, February 28, 2007
Advanced BioHealing Gets $25.5M
La Jolla-based Advanced BioHealing, a firm developing treatments that accelerate wound healing, said this morning that it has raised $25.5M in a Series C financing. The round was led by Safeguard Scientifics, and also included Channel Medic... READ MORE...
posted on Tuesday, February 27, 2007
Exist Global Gets Venture Funding
Marina Del Rey-based Exist Global, a provider of offshore software engineering services, said today it has received a round of venture capital funding. Exist Global provides offshore outsourcing based on workers in the Phillipines. The name... READ MORE...
posted on Tuesday, February 27, 2007
ITU Ventures Taps Warner Bros. For Chief Strategist
Los Angeles-based venture capital firm ITU Ventures has appointed former Chairman and CEO of Warner/Chappell Music, Leslie E. Bider, as Chief Strategist. ITU Ventures said that Bider will focus on value creation at the portfolio and team le... READ MORE...
posted on Tuesday, February 27, 2007
ProfitLine Raises $7M
San Diego-based ProfitLine, a provider of telecom expense management services, said today that it has raised $7M in an expansion financing. The funding came from FTVentures and Menlo Ventures. ProfitLine said the funding will go towards the... READ MORE...
posted on Thursday, February 22, 2007
CoDa Therapeutics Raises $10M
San Diego-based CoDa Therapeutics announced this morning that it has raised an additional $10M in a second close of its Series A funding. The financing including additional commitments from Domain Associates and new investor GBS Partners. D... READ MORE...
posted on Thursday, February 22, 2007
Brickfish Lands $11.2M
San Diego-based Brickfish said today that it has raised $11.2M in a Series A financing, for the firm's user-generated content and advertising site. The round was led by DCM, and also included Draper Richards L.P., Draper Associates, Mangrov... READ MORE...
posted on Wednesday, February 21, 2007
Sendio Announces $4M in Funding
Irvine-based Sendio formally announced the firm's funding today, saying that it raised $4M in a round of private equity funding from KH Growth Equity Fund. Sendio develops email appliances for blocking unwanted email and viruses. socalTECH ... READ MORE...
posted on Wednesday, February 21, 2007
Inogen Raises $22M
Santa Barbara-based Inogen announced today that it has raised $22M in funding from Novo A/S, Arboretum Ventures, Versant Ventures, Avalon Ventures, and Accuitive Medical Ventures. The new funding will go towards new manufacturing capabiliti... READ MORE...
posted on Thursday, February 15, 2007
Strix Gets Investment From Samsung
Calabasas-based Strix Systems, a developer of wireless mesh networking hardware, said today that it has received a strategic investment from Samsung Ventures America. Size of the investment was not disclosed. Samsung Ventures America is the... READ MORE...
posted on Tuesday, February 13, 2007
Sendio Raises $4M In Series A
Irvine-based Sendio has raised $4M in a Series A venture capital round, socalTECH has learned, and will be announcing the round formally next week. The funding comes from KH Growth Equity Fund and Momentum Venture Management, a venture acce... READ MORE...
posted on Monday, February 12, 2007
Domain Adds Tobira Therapeutics To Portfolio
San Diego-based Domain Associates, a life sciences focused venture capital firm, has added new firm Tobira Therapeutics to its portfolio, socalTECH has learned. According to Domain's web site, it has added Tobira to its portfolio. Tobira is... READ MORE...
posted on Friday, February 9, 2007
Axiom Microdevices Raises $25M
Irvine-based Axiom Microdevices said Thursday morning that it raised $25M in a Series C funding. The round came from Tallwood Venture Capital, and also included existing investors U.S. Venture Partners, Anthem Venture Partners, and VentureT... READ MORE...
posted on Thursday, February 8, 2007
Fonality Gets Investment From Intel
Los Angeles-based Fonality has received an investment from Intel Capital, in a Series C round worth $7M, the company said late Tuesday night. Fonality said that both Intel and existing investor Azure Capital Partners participated in the inv... READ MORE...
posted on Wednesday, February 7, 2007
Proacta Adds $35M In Series B
San Diego-based Proacta, a biotechnology firm developing cancer drugs, said today that it has added $35M in a Series B financing. The new funding will be used to take its lead compound into the next phase of clinical development, as well as... READ MORE...
posted on Wednesday, February 7, 2007
THQ Appoints VC To Board of Directors
Agoura Hills-based THQ said this morning that it has added a new member to its board of directors. THQ said that it has appointed Gary Rieschel, founder of Qiming Venture Partners, to its board of directors. Qiming is a $200M fund that inve... READ MORE...
posted on Wednesday, January 31, 2007
VentiRx Gets Additional Venture Backing From Domain
San Diego-based VentiRx, a firm developing novel medicines for the treatment of cancer, infectious, respiratory, and autoimmune diseases, has received venture backing from Domain Associates, socalTECH has learned. The firm, which was founde... READ MORE...
posted on Tuesday, January 30, 2007
MaxLinear Finds $20M
Carlsbad-based MaxLinear, a fabless semiconductor firm developing communications ICs, has raised $20M in an unannounced round last quarter. The funding was disclosed in quarterly venture capital numbers from PricewaterhouseCoopers and the N... READ MORE...
posted on Monday, January 29, 2007
Vertiflex Raises $20M For Spinal Devices
Carlsbad-based medical devices firm Vertiflex has raised $20M in a venture round from Aberdare Ventures, Alta Partners, and Morgenthaler Ventures, according to PricewaterhouseCoopers and the NVCA. The round has not been announced. According... READ MORE...
posted on Monday, January 29, 2007
Inogen Raises $30.2M
Inogen, a Santa Barbara-firm developing a medical device targeted at Chronic Obstructive Pulmonary Disease, has quitely raised $30.2M in funding, according to the quarterly PricewaterhouseCoopers/NVCA venture capital report. According to In... READ MORE...
posted on Friday, January 26, 2007
Fulcrum Microsystems Finds $17M
Calabasas-based Fulcrum Microsystems, which is developing clockless interconnect silicon for connecting system backplanes, raised $17M in the quarter, according to the quarterly PricewaterhouseCoopers/NVCA venture capital numbers released t... READ MORE...
posted on Friday, January 26, 2007
SEMDirector Gets Investment From Voyager Capital
San Diego-based SEMDirector has raised a round of venture capital from Voyager Capital, a Seattle area venture capital firm, the firm said this morning. Financial terms of the deal were not disclosed. Eric Benson of Voyager will join the fi... READ MORE...
posted on Thursday, January 25, 2007
Virtual Worlds Firm Areae Gets Funding
San Diego-based Areae, a firm developing massively multiplayer, online worlds, has raised an unannounced round of funding from Charles River Ventures and Crescendo Ventures. The firm is headed by Raph Koster, who is known as the lead design... READ MORE...
posted on Thursday, January 25, 2007
Symark Software Raises $42M
Agoura Hills-based Symark Software, which develops identity management and access control software for data centers, has quietly raised $42M in a venture round, according to numbers released in the quarterly PricewaterhouseCoopers/NVCA vent... READ MORE...
posted on Thursday, January 25, 2007
Green Dot Gets $20M
Monrovia-based Green Dot, a provider of prepaid debit cards, targeted at those who are unable to quality for credit, has quietly raised $20M in funding. The firm counts Sequoia Capital as an investor. GreenDot has also previously received a... READ MORE...
posted on Thursday, January 25, 2007
Procore Announces Series B Funding
Santa Barbara-based Procore Technologies has closed a $4M Series B round of funding, the firm said this week. The round was led by Great Pacific Capital, and will be used to accelerate the company's sales and marketing efforts. Procore deve... READ MORE...
posted on Wednesday, January 24, 2007
SmartDrive Lands Series C Funding
San Diego-based SmartDrive Systems, which develops systems for risk management for fleet vehicles, has raised an undisclosed Series C round of funding from Oak Investment Partners. SmartDrive said that Revolution Ventures, The Founders Fund... READ MORE...
posted on Wednesday, January 24, 2007
Ripple Announces $5M Funding
El Segundo-based Ripple, which develops and distributes programming for digital networks, has raised $5M in funding. The firm, which actually closed the round back in August of last year but declined to discuss the funding with socalTECH, w... READ MORE...
posted on Wednesday, January 24, 2007
VC Invest $759M In Q4 In Southern California
PricewaterhouseCoopers and the National Venture Capital Association are reporting today that venture capitalists invested $759M in Southern California in Q4 in 92 deals, The numbers compare to $5.7 billion invested for the quarter in total,... READ MORE...
posted on Tuesday, January 23, 2007
Tech Coast Angels Award Fast Pitch LA Winners
The Tech Coast Angels Los Angeles Fast Pitch was held last night at UCLA's Anderson School as part of Los Angeles Technology Week, bringing together a panel of successful CEOs and an opportunity for 14 companies to give a one minute pitch o... READ MORE...
posted on Tuesday, January 23, 2007
U.S. Venture Investing Hits Five Year High, Southern California Shines
Ernst & Young and Dow Jones VentureOne are reporting today that U.S. Venture Capital investing his a five year high in 2006, reaching $25.75B in investments. According to the report, there were 2,454 venture deals for the year nationally. F... READ MORE...
posted on Monday, January 22, 2007
Interview with Dave Gross, Great Pacific Capital
Dave Gross is the co-founder of Santa Barbara-based FastClick, one of the great local success stories in Internet advertising. He recently started a new venture fund, Great Pacific Capital (www.greatpacificcapital.com), to invest in the reg... READ MORE...
posted on Tuesday, January 16, 2007
Great Pacific Capital Opens VC Fund
Santa Barbara-based Great Pacific Capital announced Wednesday that the firm has opened up a new early stage fund focused on the region. The firm, which is headed by former Fastclick CEO Dave Gross, said it will look to address the growing b... READ MORE...
posted on Thursday, January 11, 2007
WiLinx Gets $15M
Los Angeles-based WiLinx, a semiconductor firm developing all-CMOS UWB technology for the WiMedia market, said today that it has raised $15M in funding in a Series C investment. The funding came from Third Wave Ventures. Third Wave is an ex... READ MORE...
posted on Wednesday, January 10, 2007
Althea Technologies Finds $23M
San Diego-based Althea Technologies has raised $23M in a Series C funding, the firm said Tuesday. The round came from Telegraph Hill Partners. Althea is developing technologies and services for pharmaceutical development and manufacturing. ... READ MORE...
posted on Wednesday, January 10, 2007
RF Nano Gets $1.5M In Series A
Orange County-based RF Nano, which is developing radio frequency devices, has received $1.5M in a Series A funding, in a venture round from Laguna Beach-based Okapi Ventures. RF Nano is focusing on improving RF and mixed signal electronics.... READ MORE...
posted on Tuesday, January 9, 2007
Continuous Computing Names CEO, New Board Member
San Diego-based Continuous Computing has named a new CEO, the firm announced today. Mike Dagenais has been named to the position, and will also become a board member for the firm. Dagenais was most recently CEO and President of Optical Solu... READ MORE...
posted on Tuesday, January 9, 2007
Enclarity Gets Series B
Aliso Viejo-based Enclarity said Monday that it has raised $10M in Series B funding. The round came from Bain Capital Ventures, and also included original investor Ignition Partners. Enclarity develops software for the healthcare market. Je... READ MORE...
posted on Monday, January 8, 2007
Proprius Pharmaceuticals Raises $11M
San Diego-based Proprius Pharmaceuticals said today that it has completed a $11M Series A funding round for its non-steroidal anti-inflammatory compounds (NSAID) for the treatment of osteoarthritis of the knee. The funding also includes pos... READ MORE...
posted on Monday, January 8, 2007
VMIX Raises Series B Funding
San Diego-based VMIX Media said Thursday that the company has closed a Series B funding from its existing investors, Mission Ventures and Enterprise Partners Venture Capital. Amount of the funding was not disclosed. VMIX provides an online ... READ MORE...
posted on Friday, January 5, 2007
Enterprise Partners Promotes Zsebo To Venture Partner
San Diego-based venture firm Enterprise Partners said this morning that it has named Krisztina Zsebo, Ph.D. as a Venture Partner in the firm's Life Sciences practice. Zsebo was most recently a Principal and Entrepreneur-in-Residence at the ... READ MORE...
posted on Friday, January 5, 2007
ProQuest Closes $425M Healthcare Fund
New Jersey-based ProQuest Investments, a healthcare focused venture capital firm that also maintains offices in San Diego, said today that it has closed ProQuest Investments IV at $425M. The new venture fund brings the fund's total managed ... READ MORE...
posted on Wednesday, January 3, 2007
Southern California Venture Investments Hit $3.4B For 2006
Southern California's Venture Capital investments totaled roughly $534.7M in the fourth quarter of 2006, according to data from socalTECH, with total disclosed investments in the region for the year totaling just over $3.4B. Southern Califo... READ MORE...
posted on Tuesday, January 2, 2007
WaterHealth International Closes Series C
Lake Forest-based WaterHealth International said today that it has closed its Series C funding, adding $4M to the round. The latest investment was led by SAIL Venture Partners, and also included Plebys International LLC. The investment brin... READ MORE...
posted on Tuesday, December 19, 2006
inQ Raises $7.75M
Los Angeles-based inQ, a provider of online live sales chat services, said today that it has raised $7.75M in a Series C round of funding. The venture round was led by Emergence Capital and Partech, and also included existing investors Dolp... READ MORE...
posted on Monday, December 18, 2006
Transcepta Finds $3M
Aliso Viejo-based Transcepta, a provider of electronic invoicing and payment services, said today that it has raised $3M in a second round of funding. The Series A1 funding was led by the Tech Coast Angels, an existing investor in the firm.... READ MORE...
posted on Monday, December 18, 2006
Interview with Barbara Bry, Blackbird Ventures
Our interview today is with Barbara Bry, the Chief Operating Officer of Blackbird Ventures (www.blackbirdv.com), a venture investment firm located in San Diego. Blackbird recently made an investment in Quanlight, a company developing techno... READ MORE...
posted on Friday, December 15, 2006
Ophthonix Raises $35.1M
San Diego-based Ophthonix, which develops and markets high resolution wavefront guided lenses for vision correction, said today that it has raised $35.1M in a Series D funding. The round was led by DAG Ventures and new investor Palo Alto In... READ MORE...
posted on Thursday, December 14, 2006
Red 5 Studios Scores $18.5M
Aliso Viejo-based Red 5 Studios, the game studio from the team that developed the World of Warcraft, has raised $18.5M in venture capital funding. Red 5 said today that the funding came from Benchmark Capital and Sierra Ventures, who co-led... READ MORE...
posted on Tuesday, December 12, 2006
Vativ Technologies Adds $10M
San Diego-based Vativ has raised an additional $10M in funding, the firm reported today, in a round led by Intel Capital. Vativ, which is developing semiconductors for the digital television market, said that all existing investors also par... READ MORE...
posted on Tuesday, December 12, 2006
SAIC Invests In Zebra Imaging
San Diego-based Science Applications International Corporation said Monday afternoon that it has entered into a master marketing agreement with Austin, Texas-based Zebra Imaging, a developer of 3D display technologies. SAIC also said that i... READ MORE...
posted on Monday, December 11, 2006
Report: Global VC Investments To Hit $32B In 2006
Dow Jones VentureOne and Ernst & Young are reporting today that venture capital investors are on track to invest more than $32 billion in 2006, the most capital invested in the sector since 2001. The analysis, conducted by the two companies... READ MORE...
posted on Monday, December 11, 2006
Service-now.com Gets $5M Investment
San Diego-based Service-now.com, a provider of hosted IT management services, said this morning that it has received $5M in a Series B funding round. The round was led by JMI Equity. Service.com provides software-as-a-service offerings for ... READ MORE...
posted on Tuesday, December 5, 2006
Quanlight Gets $1M
San Diego-based Quanlight announced today that it has received $1M in a venture investment from Blackbird Ventures, a private venture funding group in San Diego. The firm, which is developing light-emitting diode technology, said that Neil ... READ MORE...
posted on Tuesday, December 5, 2006
Interview with Andy Wilson, Momentum Venture Partners
Los Angeles-based Momentum Venture Partners has recently launched a new early-stage venture fund, with a different twist. The firm has been working with early-stage companies that been struggling to secure first-round venture funding, but h... READ MORE...
posted on Monday, December 4, 2006
Interview with Andy Wilson, Momentum Venture Partners
Los Angeles-based Momentum Venture Partners has recently launched a new early-stage venture fund, with a different twist. The firm has been working with early-stage companies that been struggling to secure first-round venture funding, but h... READ MORE...
posted on Monday, December 4, 2006
CADFORCE Raises $3.1M
Los Angeles-based CADFORCE has raised $3.1M in a Series B funding, the firm said Friday. The round was led by new investor Louisiana Ventures, LP, and included participation by existing investors Rincon Venture Partners and the Tech Coast A... READ MORE...
posted on Friday, December 1, 2006
eStudySite Raises $6M
San Diego-based eStudySite, a firm that provides clinical research services to pharmaceutical and contract research organizations, said Thursday that it has raised $6M in funding from Celerity Partners and Ticonderoga Capital. According to ... READ MORE...
posted on Friday, December 1, 2006
Biggerboat Raises Second Round of Funding
Los Angeles-based BiggerBoat has raised a second round of financing, according to CEO Adam Lilling. The new round was worth more than $2.5M, and included new investor Draper Associates and an investment by Tim Draper. Other investors in the... READ MORE...
posted on Wednesday, November 29, 2006
Kalypsys Raises $100M
San Diego-based Kalypsys, a firm developing small molecule pharmaceuticals, said today that it has raised $100M in a Series C financing. The funding was led by Tavistock Life Sciences, which contributed $89M to the round. Other investors in... READ MORE...
posted on Wednesday, November 29, 2006
Kalypsys Raises $100M
San Diego-based Kalypsys, a firm developing small molecule pharmaceuticals, said today that it has raised $100M in a Series C financing. The funding was led by Tavistock Life Sciences, which contributed $89M to the round. Other investors in... READ MORE...
posted on Wednesday, November 29, 2006
Digital Performance Gets $500K
Long Beach-based Digital Performance has raised $500,000 in funding, according Momentum Venture Management. Digital Performance provides online tools and software for automotive products information. The funding came from Momentum Venture M... READ MORE...
posted on Monday, November 27, 2006
Digital Performance Gets $500K
Long Beach-based Digital Performance has raised $500,000 in funding, according Momentum Venture Management. Digital Performance provides online tools and software for automotive products information. The funding came from Momentum Venture M... READ MORE...
posted on Monday, November 27, 2006
MusicPlusTV.com Gets Investment Round
Los Angeles-based MusicPlusTV.com, an online content site focused on music and media, said today that it has received a first round of private equity funding from Kenai Investment LLC. Size of the funding was not disclosed. MusicPlusTV.com ... READ MORE...
posted on Monday, November 27, 2006
Orexigen Therapeutics Raises $30M
San Diego-based Orexigen Therapeutics said today that it has completed a $30M Series C funding. The firm said that the funding will be used to advance its clinical programs. Funding came from new investors MPM BioEquities and Wasatch Adviso... READ MORE...
posted on Wednesday, November 22, 2006
Newport Media Gets $30M
Lake Forest-based Newport Media, a developer of semiconductors for the mobile broadcast media market, said today that it has closed a $30M venture capital round from DAG Ventures. Existing investors Benchmark Capital, Global Catalyst Partne... READ MORE...
posted on Monday, November 20, 2006
QFour Digital Gets Investment From GTCR
Santa Barbara-based QFour Digital, a new firm focused on acquiring and operating companies in the online advertising and marketing industry, received an investment earlier this week from GTCR, a private equity firm. QFour will be headed by ... READ MORE...
posted on Friday, November 17, 2006
Apriso Raises New Funding
Long Beach-based Apriso, a provider of software for controlling manufacturing operations, said today that the firm has received a additional funding from its venture capital investors. The firm's investors include SAP Ventures, Wall Street ... READ MORE...
posted on Wednesday, November 15, 2006
EMN8 Appoints New CEO
San Diego-based EMN8 said Monday that it the firm has appointed a new CEO and President. The venture-backed firm said that it has hired Stephen M. Donly to the position. Donly will also join the firm's board of directors. EMN8 is developing... READ MORE...
posted on Tuesday, November 14, 2006
Interview with Beau Laskey, EDF Ventures
Beau Laskey is a General Partner at EDF Ventures (www.edfvc.com), a venture firm that just opened an office in San Diego. Michigan-based EDF has backed companies in the area including Intralase, Therox, and Zyray Wireless. We spoke with Bea... READ MORE...
posted on Monday, November 13, 2006
Report: VCs Becoming Friendlier To Early Stage Firms
Dow Jones & Company and VentureOne are reporting today that venture capital deal terms are becoming more company friendly than they were four years ago. The firm, which just published the results in the VentureOne Deal Terms Report, said th... READ MORE...
posted on Thursday, November 9, 2006
EDF Ventures Opens San Diego Office
EDF Ventures, a early-stage venture capital firm focused on healthcare and information technology, said this week that it has opened up a new office in San Diego. The firm said that it is opening the office because there's a need in Souther... READ MORE...
posted on Thursday, November 9, 2006
SodaHead Gets Funding From MDV
Santa Clarita-based SodaHead, a social networking startup headed by Jason Feffer, former VP of Operations for MySpace, has raised a venture capital round from Mohr Davidow Ventures. Feffer refused to comment on the deal last week, when call... READ MORE...
posted on Tuesday, November 7, 2006
MySpace, Softbank Launch MySpace Japan
Los Angeles-based MySpace.com and Japanese firm Softbank confirmed today a venture into Japan, saying that the two are in a 50-50 joint venture to launch a Japanese version of the popular social networking web site. MySpace KK will feature ... READ MORE...
posted on Tuesday, November 7, 2006
Access Retail Gets Series A
Los Angeles-based ACCESS Retail Entertainment said today that it has changed its name to Access 360 Media, and raised a Series A venture round from Bessemer Venture Partners. Amount of the investment was not disclosed. The firm also apoint... READ MORE...
posted on Monday, November 6, 2006
WaterHealth Raises $7M
Lake Forest-based WaterHealth International has raised $7M in the first close of a Series C round. According to the firm, the investment was anchored by Dow Venture Capital, and is expecting a final close of its funding by year end of an ad... READ MORE...
posted on Friday, November 3, 2006
OGPlanet Gets Funding
Los Angeles-based OGPlanet has received a round of funding to bring multiplayer PC games from Korea to the U.S. The firm said today that the funding came from Richard Wolpert, former President of Disney Online and a strategic advisor to Acc... READ MORE...
posted on Monday, October 30, 2006
go2 Receives Strategic Investment
Irvine-based go2 has received a strategic investment, the firm said today, worth $13M. The funding came from Geosign, an Internet publisher. Go2 is a publisher of local search and mobile content. The firm said the investment would provide i... READ MORE...
posted on Monday, October 30, 2006
Netaphor Raises Series A
Irvine-based Netaphor Software, a company that provides software for managing printers, has raised a Series A funding. The firm said that the round came from vSpring Capital. Ed Ekstrom and Jeron Paul of vSpring have joined the firm's board... READ MORE...
posted on Monday, October 30, 2006
Spot Runner Gets $40M, Investments from WPP, CBS, Interpublic
Los Angeles-based Spot Runner, a firm which has developed an automated, web-based way to place TV advertising, said today that it has received investments from WPP, CBS Corporation, and Interpublic Group. The investments came as part of a r... READ MORE...
posted on Monday, October 30, 2006
Transonic Combustion Gets Funding From Rustic Canyon, Venrock, Khosla
socalTECH has learned that Camarillo-based Transonic Combustion, a company developing technology for reducing emissions and improving gasoline energy efficiency, has raised an unannounced round of funding from Venrock Associates, Rustic Can... READ MORE...
posted on Friday, October 27, 2006
Headcase Humanufacturing Finds VC
Los Angeles-based Headcase Humanufacturing, a stealth company developing online characters for virtual worlds, has received a $900,000 investment from True Ventures, socalTECH has learned. Other investors in the deal include Burnt Norton, a... READ MORE...
posted on Friday, October 27, 2006
GluMetrics Funds Glucose Monitoring Efforts
Irvine-based GluMetrics, a company developing glucose monitoring devices, has received an unannounced round of venture funding. Investors in the firm include Advanced Technology Ventures and Versant Ventures, according to the firms' web sit... READ MORE...
posted on Friday, October 27, 2006
Quorum Systems Gets $15M
San Diego-based Quorum Systems has raised $15M in a third round of funding, the firm announced this morning. The Series C funding round was led by new investor Crescendo Ventures, and also included existing investors Greylock Partners, Klei... READ MORE...
posted on Thursday, October 26, 2006
Eyespot Raises $3.7M
San Diego-based Eyespot has closed a Series A round of funding. The firm said Wednesday that the funding came from Gabriel Venture Partners, Express Ventures, and executives from MP3.com and DivX. Eyespot is developing online video editing ... READ MORE...
posted on Wednesday, October 25, 2006
Vanguard Voice Raises $3M
Rancho Santa Margarita-based Vanguard Voice Systems has raised $3M in a Series A round, the firm said yesterday afternoon. The funding came from Berkshire Ventures. Vanguard said that the round will be used to extend its commercial customer... READ MORE...
posted on Wednesday, October 25, 2006
Q3 2006 Southern California VC Investments Hit $835.3M
PricewaterhouseCoopers and the National Venture Capital Association have released the Money Tree venture capital results for Q3 of 2006, showing that Southern California investments reached $835.3M in the quarter, second only to Silicon Va... READ MORE...
posted on Tuesday, October 24, 2006
Interview with Kelly Anderson, CEO of Sendio
Our interview today is with Kelly Anderson, the new CEO of Sendio (www.sendio.com). Sendio is developing spam filtering technology based on verifying addresses of email senders. Anderson gave us some of his perspectives on the firm and his... READ MORE...
posted on Tuesday, October 24, 2006
U.S. Venture Capitalists Invest $6.36B In Q3
Ernst & Young and Dow Jones VentureOne are reporting today that there was $6.36B invested in 611 venture capital deals in the third quarter, with a slight increase in both the number of deals and amount of investment versus a year ago. The ... READ MORE...
posted on Monday, October 23, 2006
Quorum Ships RF CMOS Components
San Diego-based Quorum Systems, a manufacturer of CMOS radio frequency transceivers, said this week that it has gone into volume production with its quad band GSM/GPRS/EDGE transceiver. The firm originally launched the product in late 2005,... READ MORE...
posted on Friday, October 20, 2006
Xencor Raises $45M
Monrovia-based Xencor has raised $45M in a new round of investment, the firm said today. The round came from MedImmune Ventures, Novo Nordisk, and HealthCare Ventures, as well as existing investor Zen Investments. Xencor said that the fundi... READ MORE...
posted on Thursday, October 19, 2006
Altra Starts Construction Of Ethanol Production Facility
Los Angeles-based Altra, a venture-backed startup in the energy space, said today that its subsidiary, Altra Indiana LLC, has begun development of an ethanol production facility in Indiana. The firm said the $170M project is part of its pla... READ MORE...
posted on Thursday, October 19, 2006
Interview with Jawad Ansari, Miven Venture Partners
We recently caught up with Jawad Ansari, General Partner of Irvine-based Miven Venture Partners, a venture firm backed by Victor Tsao, founder of Linksys. Miven has been active recently with investments across the globe, and we thought it w... READ MORE...
posted on Wednesday, October 18, 2006
NComputing Raises $8M
Orange, California-based NComputing said today that it has closed a $8M Series A investment from BA Venture Partners, for the firm's shared PC computing products. NComputing said today that the firm, which provides a product that allows use... READ MORE...
posted on Wednesday, October 18, 2006
WiSpry Raises $13.5M Series B
Irvine-based WiSpry has raised $13.5M in a Series B funding round, the firm said this morning, led by L Capital Partners. New investor Hotung Capital Management, along with existing investors American River Ventures, Blueprint Ventures, In-... READ MORE...
posted on Tuesday, October 17, 2006
Private Equity Fundraising Slows
Thomson Financial and the National Venture Capital Association reported Monday that private equity fundraising in the third quarter slowed, with both venture capital and buyout firms reducing the amount of funding raised. The groups report ... READ MORE...
posted on Monday, October 16, 2006
Private Equity Fundraising Slows
Thomson Financial and the National Venture Capital Association reported Monday that private equity fundraising in the third quarter slowed, with both venture capital and buyout firms reducing the amount of funding raised. The groups report ... READ MORE...
posted on Monday, October 16, 2006
Practical Instruments Raises $8M
Pasadena-based Practical Instruments has raised $8M in a Series A financing, the firm said this morning. The round came from RockPort Capital Partners and Nth Power, which led the venture capital round, along with Trinity Ventures and Rinco... READ MORE...
posted on Monday, October 16, 2006
CoDa Therapeutics Receives $10M
San Diego-based CoDa Therapeutics has received $10M in Series A financing, the firm reported this morning. Funding came from Domain Associates. CoDa Therapeutics is developing wound care treatments. CoDa said that it also anticipates the cl... READ MORE...
posted on Wednesday, October 11, 2006
Report: LightPointe Raises Funding, Revives
The online publication Unstrung is reporting that San Diego-based LightPointe has raised new venture capital funding, and has emerged with a new management team. According to Unstrung, the firm was revived after looking for a buyer and fili... READ MORE...
posted on Wednesday, October 11, 2006
Spire Equity Launches Private Equity Firm
Camarillo-based Spire Equity has launched a new private equity firm, focused on software, online network, new media, communications and entertainment. The new firm, which was founded Michael Edell, Frederick Ackourey, and Ron Means, will fo... READ MORE...
posted on Wednesday, October 11, 2006
LeadPoint Raises $2M
Los Angeles-based LeadPoint has raised $2M in a Series C financing, the firm said this morning. Funding came from the European Founders Fund. LeadPoint said that it will use the funding to drive its growth in the UK and the rest of Europe. ... READ MORE...
posted on Tuesday, October 10, 2006
Procore Technologies Closes Series B
Santa Barbara-based Procore Technologies announced the close of a Series B funding today, saying that it has raised over $2M in the first half of the round. The funding was led by Great Pacific Capital. Procore said that the Series B Prefer... READ MORE...
posted on Tuesday, October 10, 2006
DoctorsDirect Raises $2.5M
Santa Monica-based DoctorsDirect.com, which is developing a service to enable patients to book appointments with doctors online, has raised $2.5M in a venture capital round. The Series A funding came from Spark Capital, a Boston-based ventu... READ MORE...
posted on Monday, October 9, 2006
Ripe Digital Entertainment Raises $32M
Los Angeles-based Ripe Digital Entertainment, a firm that is developing digital television products and video-on-demand services, said today that it has raised $32M in a Series B funding round. The round came from Hearst-Argyle, Time Warner... READ MORE...
posted on Monday, October 9, 2006
Prolacta Raises $5M
Monrovia-based Prolacta Bioscience has raised $5M, in a Series B prime financing round. The firm said that the funding came from Arcturus Capital, DFJ Mercury, Philip Capital, Funk Ventures Capital, and the Gideon Hixon Fund, along with exi... READ MORE...
posted on Wednesday, October 4, 2006
Southern California Q3 VC Deals
Southern California's venture capital deal flow in Q3 of this year totaled $794.93M in 70 deals, according to an analysis of socalTECH's venture capital database. The totals were up from the same period last year, where there was an investm... READ MORE...
posted on Monday, October 2, 2006
Demand Media Raises $100M
Santa Monica-based Demand Media has raised $100M in a second round of funding, the firm announced today. The new round was led by 3i and Oak Investment Partners, and also included Spectrum Equity Investors. Demand Media is headed by former ... READ MORE...
posted on Thursday, September 28, 2006
Teleflip Raises Series A
Santa Monica-based Teleflip, a company that operates a service that allows business or consumer users to send an email that shows up as a message on a cell phone, has raised a Series A venture funding from GRP Partners, socalTECH has learne... READ MORE...
posted on Wednesday, September 27, 2006
NGEN Closes New Fund
Santa Barbara-based NGEN Partners has closed a $180M venture capital fund. NGEN said late yesterday that the new fund was over-subscribed, and included both new and returning investors. NGEN invests in clean and sustainable technologies in ... READ MORE...
posted on Tuesday, September 26, 2006
Mavent Gets $10M
Irvine-based Mavent has received $10M in a venture capital round, the firm said Monday. The round came from FTVentures. Mavent said that the investment brings the company's total institutional investment to $25M. Mavent provides automated c... READ MORE...
posted on Monday, September 25, 2006
N Spine Closes Series B
San Diego-based N Spine has raised a series B for its medical devices, the firm said Monday. The company said that the round was led by a firm in the spinal implant industry, but did not name the investor. N Spine develops a titanium pedicl... READ MORE...
posted on Monday, September 25, 2006
NovaCardia Raises $48M in Series B
San Diego-based NovaCardia, a company developing pharaceuticals for the treatment of cardiovascular disease based on small molecule drugs, said this morning it has raised $48M in a Series B funding. The funding was led by Skyline Ventures, ... READ MORE...
posted on Monday, September 25, 2006
MiCardia Gets $9M
Irvine-based MiCardia has raised $9M in a venture funding from HBM Biocapital, Japan Asia Investment Company, Ltd., the MedFocus Family of Funds, the BioStar Private Equity Fund, LLC, and individuals. MiCardia is developing non-invasive and... READ MORE...
posted on Friday, September 22, 2006
Interview with Vincent Yeung, VP of Hardware Engineering, Azonic Systems
Last week, VentureNet, a venture capital conference that presented local technology firms to an audience of venture capitalists was held, and we had a chance to speak to a number of the companies. This week, we're featuring some of the int... READ MORE...
posted on Thursday, September 21, 2006
Aristos Logic Raises $15M
Foothilld Ranch-based Aristos Logic has raised $15M in a Series F funding round, the firm said today. The round was led by an undisclosed strategic investor, and included existing investors Panorama Capital (formerly JP Morgan Partners), TP... READ MORE...
posted on Thursday, September 21, 2006
Web 2.0 Investments Hit $262.3M
Dow Jones VentureOne is reporting this morning that investments in U.S. Web 2.0 companies has hit $262.3M in the first half of 2006. The publisher of venture capital data said that 49 Web 2.0 companies were funded in the first half of 2006,... READ MORE...
posted on Thursday, September 21, 2006
DATAllegro Raises $22.5M
Aliso Viejo-based DATAllegro said this morning that is has closed a $22.5M Series C funding round. The new round of funding was led by JAFCO Ventures, and included Focus Ventures, Adams Capital Management, Intel Capital, Palomar Ventures, a... READ MORE...
posted on Wednesday, September 20, 2006
Interview with Jonathan Weisz, CEO of OnTech
Last week, we were at VentureNet, a venture capital conference which presented local technology firms to an audience of venture capitalists. Among the companies we spoke to was OnTech (www.ontech.com), a San Diego-based firm that develops s... READ MORE...
posted on Tuesday, September 19, 2006
Amp'd Releases Subscriber Numbers
Among widespread speculation on the actual adoption rate of much hyped MVNOs, Amp'd Mobile yesterday released its subscriber numbers, saying that it is "rapidly approaching" 50,000 subscribers to its youth-focused mobile cell phone service.... READ MORE...
posted on Tuesday, September 19, 2006
Interview with Eden Jarrin, CEO of Be Jane
Last Thursday, we spent the day at VentureNet, a venture capital conference run by the Technology Council of Southern California. The conference presented local technology firms to an audience of venture capitalists. One of the companies pr... READ MORE...
posted on Monday, September 18, 2006
posted on Friday, September 15, 2006
TC3 Health Raises $10M
Costa Mesa-based TC3 Health has raised $10M in funding from JMI Equity, the company said Tuesday. Existing investor Ticonderoga Capital also participated in the funding. TC3 said that the funding will be used to expand its sales capabilitie... READ MORE...
posted on Wednesday, September 13, 2006
SiliconSystems Gets Investment From Samsung Ventures
Aliso Viejo-based SiliconSystems has received a Series C investment from Samsung Ventures, the company said this morning. Terms of the investment were not disclosed. SiliconSystems develops storage silicon for the enterprise market. Silicon... READ MORE...
posted on Tuesday, September 12, 2006
Twistbox Raises $12.75M
Los Angeles-based Twistbox Entertaiment is announcing this morning that it has raised $12.75M in a venture capital round led by Spark Capital. The newly formed company will provide mobile web sites, mobile TV channels, and mobile games. Twi... READ MORE...
posted on Tuesday, September 12, 2006
Sennari Raises $10M
Sennari, a Cupertino-based firm that maintains a significant portion of its operations in Los Angeles, has closed a $10M venture capital round, the firm announced last week. The Series C funding was led by Mayfield, and included prior inves... READ MORE...
posted on Tuesday, September 12, 2006
USC Stevens Hires Licensing Director
The University of Southern California's Stevens Institute, the new technology commercialization center funded by Sequoia Capital venture capitalist and USC alumni Mark Stevens, has hired a director of licensing. The school has hired Joseph ... READ MORE...
posted on Friday, September 8, 2006
Itochu Invests In Comic Book Movies
Itochu Corp. has made an investment in Comic Book Movies, a Hollywood-based firm developing multimedia comic books. The deal come as part of a strategic investment and partnership in the firm. Comic Book Movies is a new company headed by Mi... READ MORE...
posted on Friday, September 8, 2006
California Technology Ventures Closes $100M Fund
Pasadena-based California Technology Ventures has closed a new, $100M venture capital investment fund, California Technology Ventures II, LLC, the fund said today. The fund will focus on early stage companies in the fields of information te... READ MORE...
posted on Thursday, September 7, 2006
inQ Raises $7.75M
Agoura Hills-based inQ has raised $7.75M in a Series C round, the firm told socalTECH today, in a third round of funding for the firm's interactive marketing and sales conversion services. The round was led by Emergence Capital and Partech ... READ MORE...
posted on Wednesday, August 30, 2006
DivX Sets Terms Of IPO
San Diego-based DivX set the terms of its IPO last night, saying in a regulatory filing that it is estimating the price of its IPO on 9.1M shares of its common stock at between $12.00 and $14.00 per share. The firm is looking to raise up to... READ MORE...
posted on Wednesday, August 30, 2006
Lumexis Closes Series B
Irvine-based Lumexis has received a round of venture capital from Zone Ventures, the firm said yesterday afternoon. Lumexis said that it closed a Series B round with Zone, which also included Monitor Ventures and angel investors. Lumexis is... READ MORE...
posted on Tuesday, August 29, 2006
MegaPath To Acquire DSL.net, Gets Equity Investment
Costa Mesa-based MegaPath, a provider of VPN and managed IP services, announced today that it has made a strategic investment in DSL.net, a over the counter traded firm that provides broadband communications services, as it looks to acquire... READ MORE...
posted on Tuesday, August 29, 2006
Used Cardboard Boxes Gets Seed Round
Santa Monica-based Used Cardboard Boxes, a provider of environmentally friendly, used cardboard boxes, has raised seed funding from Funk Ventures and individual investors. The firm recycles used boxes from businesses, and then resells thos... READ MORE...
posted on Tuesday, August 29, 2006
Zogenix Raises $60M
San Diego-based Zogenix has raised $60M in a Series A financing, the firm announced this morning. The company received funding from Clarus Ventures and Domain Associates, along with additional investors BA Venture Partners, Thomas, McNerney... READ MORE...
posted on Monday, August 28, 2006
Mitrix Raises $10M
Irvine-based Mitrix has raised $10M in a Series A investment round for its supply chain management solutions. Funding came from CMEA Ventures, and also included participation by Logispring. The funding will be used for the company's product... READ MORE...
posted on Monday, August 28, 2006
Audit Integrity Gets Series A Investment
Los Angeles-based Audit Integrity, a financial research firm in the corporate accounting and governance risk assessment area, has landed a Series A round of funding. The investors were not disclosed. The firm was advised by North Haven Part... READ MORE...
posted on Thursday, August 24, 2006
Kemia Raises $31M
San Diego-based Kemia has raised $31M in a Series C investment, the firm said Wednesday. Kemia said that the funding came from Aberdare Ventures, and included new investors MedInnume ventures and Red Abbey Venture Partners. Existing investo... READ MORE...
posted on Thursday, August 24, 2006
Interview with Bryan Biniak, Managing Director of Provenance Ventures
Provenance Ventures (www.provenanceventures.com) is a new, Los Angeles-based venture capital firm that just raised a $10M fund for investing in what it calls socially forward ventures. We spoke with the founder and Managing Director of Prov... READ MORE...
posted on Thursday, August 24, 2006
Greenspan Launches Chinese Investment Firm
Brad Greenspan, former founder, CEO, and Chairman of eUniverse (which became Intermix Media), has launched a new firm to invest in Chinese technology companies. Greenspan said today that he has launched and provided initial funding for Broa... READ MORE...
posted on Wednesday, August 23, 2006
Clearstone Opens Mumbai, India Office
Santa Monica-based Clearstone Venture Partners said this week that it has opened up an office in Mumbai, India. The new office wil be headed by Rahul Khanna, who the firm said will identify and support portfolio companies. Clearstone is foc... READ MORE...
posted on Friday, August 18, 2006
Celerus Gets $9M
Santa Barbara-based Celerus Diagnostics said today that it has received $9M in a Series B funding, led by Merriman, Curhan and Ford, the investment bank. Celerus is developing medical devices for rapid cancer diagnostics. The new round of f... READ MORE...
posted on Thursday, August 17, 2006
Boingo Wireless Find $65M in Series C
Santa Monica-based Boingo Wireless has raised $65M in a Series C funding, the firm is announcing today. The funding was led by Mitsui & Co., and included new investors Mitsui Corporate Development Funds and Mitsui USA, along with Steelpoint... READ MORE...
posted on Wednesday, August 16, 2006
Fallbrook Technologies Raises $16M Series C
San Diego-based Fallbrook Technologies has raised $16M in a Series C funding, the company is reporting. Fallbrook said that the first, $9.3M close of the funding closed in February. Fallbrook is developing a continuous variable planetary tr... READ MORE...
posted on Tuesday, August 15, 2006
Provenance Ventures Launches Seed Fund
Los Angeles-based Provenance Ventures said Monday that it has launched an early-stage venture capital firm, focused on social technologies. The firm has closed a small, $10M fund which it will invest in media and communications firms. The f... READ MORE...
posted on Tuesday, August 15, 2006
Message For Web and RSS Readers: Track Southern California Venture Capital
Readers of socalTECH.com know that we provide the most up-to-the-minute coverage of Southern California's robust and growing technology sector. However, socalTECH.com much more than just a news source. We also offer a comprehensive, databas... READ MORE...
posted on Tuesday, August 15, 2006
Microfabrica Finds $8M Strategic Round
Van Nuys-based Microfabrica said this morning that it has closed an $8M Series C venture capital round in what it calls a strategic financing. The round was led by Draper Fisher Jurvetson, and also included its existing investors, DynaFund ... READ MORE...
posted on Monday, August 14, 2006
Internet2 Speed Record Team Launches Startup
For the last three years, a group of researchers have been breaking the Internet world network speed records every year at the SuperComputing Bandwidth Challenge. Last year, that group showed a demonstration of an astounding 100 gigabit per... READ MORE...
posted on Monday, August 14, 2006
Incuity Gets Series A Funding
Mission Viejo-based Incuity Software has raised a Series A venture round, the firm said today. Incuity, which develops business intelligence software for the manufacturing industry, raised the venture round from American River Ventures and ... READ MORE...
posted on Friday, August 11, 2006
Enterprise Adds EIR From PayPal to Look At Bay Area Deals
San Diego-based Enterprise Partners has appointed a new Entrepreneur-in-Residence, saying that it has added John Leenane, who was most recently at PayPal. Leenane is based in San Jose, and will expand the firm's presence in the Bay Area. E... READ MORE...
posted on Wednesday, August 9, 2006
Jacobs Capital Launching $125M Fund
Pasadena-based Jacobs Capital Group, a private equity group and venture capital investment group, is launching a new $125M private equity fund this week. Jacobs Capital will use the fund to invest in alternative investments such as venture ... READ MORE...
posted on Wednesday, August 9, 2006
Cabrellis Pharmaceuticals Raises $27.5M
San Diego-based Cabrellis Pharmaceuticals, which is developing treatments for cancer, said Monday that it has raised $27.5M in a Series A funding round. Funding came from Domain Associates, Forward Ventures, Lilly Ventures, Novo A/S, ProQue... READ MORE...
posted on Tuesday, August 8, 2006
Altra Raises $120M in Series B
Los Angeles-based Altra, a developer of renewable fuel projects, has raised $120M in a Series B funding, the firm said this week. The new round of funding included its existing investors, Kleiner Perkins Caufield & Byers, Omninet Private Eq... READ MORE...
posted on Wednesday, August 2, 2006
Interview with Hamet Watt, Founder, NextMedium
Los Angeles-based NextMedium (www.nextmedium.com) is a company that is developing an online marketplace for brand integration and advertising. The firm just announced a second round of funding last week from Bessemer Venture Partners, Asce... READ MORE...
posted on Wednesday, August 2, 2006
Digital Domain Finds $31M
Venice-based Digital Domain, a digital studio and production company serving Hollywood, has received $31M. Digital Domain said that the funding came from Falcon Investment Advisors and GunnAllen Financial. Digital Domain produces digital ef... READ MORE...
posted on Tuesday, August 1, 2006
Revver Expands Series B
Los Angeles-based Revver announced today that it has added Comcast Interactive Capital and Turner Broadcasting as new investors in the firm's Series B funding round. Revver said that the funding would be used for market expansion, team-buil... READ MORE...
posted on Monday, July 31, 2006
Passenger Quietly Raises Venture Round
Los Angeles-based Passenger, a company developing technology for brand marketing, has quietly raised a round of venture capital, socalTECH has learned. Funding came from Shelter Capital Partners. As of press time, the company did not answe... READ MORE...
posted on Monday, July 31, 2006
PwC MoneyTree Breakdowns for Southern California
PricewaterhouseCoopers and the National Venture Capital Association released their quarterly MoneyTree results earlier this week, here are the local venture capital breakdowns for Southern California: Total invested in Southern Californ... READ MORE...
posted on Friday, July 28, 2006
GPS Firm GloNav Launches, Acquires RF Domus, Gets $16.2M
Newport Beach-based GloNav, a new company focused on the development of GPS semiconductors, said today that it has launched the company and received $16.2M in capital from Atlantic Bridge Ventures. The firm is a spinout from Ceva, Inc., and... READ MORE...
posted on Wednesday, July 26, 2006
Palomar Adds Partners, Invests in Zannel
Santa Monica-based Palomar Ventures has added two partners to the venture capital firm. Palomar said yesterday that it promoted Brian Garrett to partner, and added Kevin Jacques as a new partner. As part of the announcement, Palomar also me... READ MORE...
posted on Wednesday, July 26, 2006
VC Investments in Startups Hits High
The National Venture Capital Association / PricewaterhouseCoopers MoneyTree report was released today, confirming yesterday's Ernst & Young LLP and VentureOne venture capital results. According to the NVCA, the survey found $6.3 billion in ... READ MORE...
posted on Tuesday, July 25, 2006
U.S. Venture Capital Investments Hit $6.7B in Q2
Ernst & Young LLP and VentureOne are reporting today that venture capital investments hit $6.7 billion in the latest quarter, the highest quarterly investment level since 2001. The firms said in their quarterly venture capital report that t... READ MORE...
posted on Monday, July 24, 2006
Interview with Mike Newman, CEO of Accordent
Accordent (www.accordent.com) is a Hermosa Beach-based company which is a local high tech company that provides software for developing online, streaming presentations and webcasts. The online webcast industry has seen a lot of venture capi... READ MORE...
posted on Monday, July 24, 2006
Ambrx Expands Series C
San Diego-based Ambrx has expanded its Series C round, announcing today that it has raised an additional $3M in venture funding. Financing came from the Scottish Widows Investment Partnership. The additional capital brings the firm's Series... READ MORE...
posted on Monday, July 24, 2006
Irvine Firm Licenses Microsoft Virtual Reality Technology
An Irvine-based developer of 3D and virtual reality technology has licensed technology from Microsoft's new IP Ventures program, Microsoft said this week. Irvine-based EON Reality has licensed technology from Microsoft's Redmond research la... READ MORE...
posted on Friday, July 21, 2006
VC Funds Raise $11.2B in Second Quarter
Thomson Financial and the National Venture Capital Association (NVCA) are reporting that private equity fundraising hit new heights in the second quarter of 2006, with fifty venture capital funds raising a total of $11.2 billion in the seco... READ MORE...
posted on Tuesday, July 18, 2006
VC Funds Raise $11.2B in Second Quarter
Thomson Financial and the National Venture Capital Association (NVCA) are reporting that private equity fundraising hit new heights in the second quarter of 2006, with fifty venture capital funds raising a total of $11.2 billion in the seco... READ MORE...
posted on Tuesday, July 18, 2006
VC Funds Raise $11.2B in Second Quarter
Thomson Financial and the National Venture Capital Association (NVCA) are reporting that private equity fundraising hit new heights in the second quarter of 2006, with fifty venture capital funds raising a total of $11.2 billion in the seco... READ MORE...
posted on Tuesday, July 18, 2006
Xencor Gets $6M
Monrovia-based Xencor has received $6M in a bridge financing deal, the firm said this week. Xencor said that the funding came from Novo Nordisk and existing investors, including Zen Investments. Xencor also said that Novo Nordisk has commit... READ MORE...
posted on Friday, July 14, 2006
CinemaNow Raises $20.3M
Marina Del Rey-based CinemaNow has raised $20.3M in a new round of venture funding, the firm said today. The Series E financing came from EchoStar Communications and Index Holdings. The funding also included Transcosmos, Cisco Systems, Lion... READ MORE...
posted on Thursday, July 13, 2006
Interview with Greg Pulier, Founder of Interactive Video Technologies
My interview today is with Greg Pulier, founder of Interactive Video Technologies (www.ivtweb.com), a Los Angeles-based firm that is in the video webcasting space. IVT just raised a round of funding from Monitor Venture Partners and Tudor V... READ MORE...
posted on Monday, July 10, 2006
Ocera Raises $12M
San Diego-based Ocera Therapeutics, a company that is developing treatments for gastrointestinal and liver diseases, has raised a $12M Series B round. Funding came from Sofinnova Ventures. The round also included participation by previous i... READ MORE...
posted on Monday, July 10, 2006
Ambrx Raises $52M
San Diego-based Ambrx has raised $52M in a Series C funding, the company said yesterday afternoon. Ambrx is developing biopharmaceuticals based on protein modification. The round was led by Apposite, and included new investors Glynn Venture... READ MORE...
posted on Thursday, July 6, 2006
Southern California Sees Healthy VC Investments for Q2
Southern California saw a healthy $817M invested in the last quarter in 59 deals in Q2, a continued increase in both venture activity, according to socalTECH's latest numbers in our venture capital deal tracking database. The total investme... READ MORE...
posted on Wednesday, July 5, 2006
Daylight Solutions Raises $7.5M
Poway-based Daylight Solutions, a company that is manufacturing miniaturized, molecular detection and imaging devices, has raised a $7.5M round of Series A funding. Funding came from HamiltonTech Capital Partners, Masters Capital Nanotechno... READ MORE...
posted on Thursday, June 29, 2006
JibJab Media Gets Venture Funding
Santa Monica-based JibJab Media has raised a first round of venture capital from Polaris Venture Partners. Amount of the funding was not disclosed. JibJab is known best for its presidential satire and humor, and operates its own online humo... READ MORE...
posted on Wednesday, June 28, 2006
Interview with Rafat Ali, ContentNext
I had the chance to speak yesterday to Rafat Ali, founder of ContentNext (www.contentnext.com), a company that just received a round of venture capital funding from GreyCroft Partners, a new VC fund headed by Alan Patricof. Santa Mon... READ MORE...
posted on Tuesday, June 27, 2006
ContentNext Gets Venture Funding
ContentNext, the Santa Monica-based company behind paidContent.org, MocoNews.net, and ContentSutra, has received a venture round of funding, the company announced this morning. Funding came from Greycroft Partners, a new venture capital fir... READ MORE...
posted on Monday, June 26, 2006
Interview with Bill Stenstrud, Enterprise Venture Capital/Muze
Bill Stenstrud is a Managing Director at Enterprise Partners (www.epvc.com), a San Diego-based venture capital firm. He's also interim CEO of Muze (www.muze.com), a New York-based digital music company and portfolio firm. Enterprise owns Mu... READ MORE...
posted on Monday, June 26, 2006
Chimeracore Raises Venture Funding
Santa Barbara-based Chimeracore, a company that is developing therapeutics targeted at cancer based on synthetic materials, has received a round of venture funding, socalTECH has learned. The funding, which was not announced publicly, inclu... READ MORE...
posted on Friday, June 23, 2006
Verimatrix Raises $8M
San Diego-based Verimatrix has raised a Series B round of funding. The round of funding was led by Crescendo Ventures, and also included participation by prior investors Mission Ventures and Siemens Venture Capital. Verimatrix is developing... READ MORE...
posted on Friday, June 23, 2006
Interview with Jim Howard, CrownPeak
I've spoken with Jim Howard, CEO of CrownPeak (www.crownpeak.com) before on the company's very successful content management systems. The company has done very well, receiving many awards for its product, and financially has been very profi... READ MORE...
posted on Wednesday, June 21, 2006
Kalon Gets $10.9M
San Diego-based Kalon Semiconductor has receivd $10.9M in a Series A venture round, the firm said this morning. The venture funding round was led by Enterprise Partners, and also included participation by Avalon Ventures, Cisco Systems, and... READ MORE...
posted on Tuesday, June 20, 2006
BandTel Raises Series B
Newport Beach-based BandTel has raised a Series B round of funding, the firm reported Monday. BandTel said that the funding came from Seagrove LLC. The firm will use the funding to expand its sales and marketing team, and invest in marketin... READ MORE...
posted on Tuesday, June 20, 2006
Interview with Tom Unterman, Rustic Canyon Ventures
My interview this morning is with Tom Unterman, Managing Partner of Rustic Canyon Ventures (www.rusticcanyon.com). Tom's on the board of Loopnet, a commercial real estate listing service which recently had a successful IPO on the Nasdaq. I ... READ MORE...
posted on Monday, June 19, 2006
Estyle Raises $6M
Los Angeles-based Estyle, which operates the online, catalog, and retail Babystyle.com stores, has raised $6M in an insider round. The firm is backed by GRP Partners, Oak Investment Partners, and others. According to one of the firm's ventu... READ MORE...
posted on Monday, June 19, 2006
Enterprise Adds Managing Director
San Diego-based Enterprise Partners Venture Capital has added a new managing director, announcing Thursday that it is adding Kleanthis G. Xanthopoulos, Ph.D., as a Managing Director. Xanthopoulos is currently President and CEO of Anadys Pha... READ MORE...
posted on Friday, June 16, 2006
BridgeCo Raises $23M
Los Angeles-based BridgeCo has raised a Series D funding, bringing in a total of $23M from Advent Venture Partners and Wellington Partners, along with existing investors. The firm is developing digital home networking silicon used for conne... READ MORE...
posted on Wednesday, June 14, 2006
Sequoia Communications Finds $25M
San Diego-based Sequoia Communications has raised a $25M round of funding, the firm said Tuesday. The Series E round of funding was led by BlueRun Ventures, the venture capital arm of Nokia Corp., and also included participation by Tallwood... READ MORE...
posted on Wednesday, June 14, 2006
mSnap Closes Series A
San Diego-based mSnap, which provides text messaging and mobile marketing solutions for broadcasters, has raised a Series A venture round. The venture funding came from Partech International. mSnap said that the funding will be used to acce... READ MORE...
posted on Wednesday, June 14, 2006
SpecificMEDIA Finds $10M
Irvine-based SpecificMEDIA has raised a Series A funding from Enterprise Partners. The funding also included Shepherd Ventures. SpecificMEDIA said that it will use the funding for marketing and sales efforts. SpecificMEDIA said that it was ... READ MORE...
posted on Tuesday, June 13, 2006
Interview with Ray Parsons, Transcepta
Ray Parsons is CEO of Aliso Viejo-based Transcepta (www.transcepta.com), an angel-backed company that is tackling the electronic bill payment market for businesses. I spoke with Ray about his firm, its hosted service model, and what it offe... READ MORE...
posted on Monday, June 12, 2006
Sonos Quietly Raises Venture Round
Santa Barbara-based Sonos, a developer of wireless sound systems, quietly raised a round of venture funding last year, socalTECH has learned. Sonos has been getting rave reviews from the electronics press and others for its digital music sy... READ MORE...
posted on Monday, June 12, 2006
Interview with Marc Averitt and Sharon Stevenson, Okapi Venture Capital
My interview this morning is with Marc Averitt and Sharon Stevenson of Okapi Venture Capital, a new venture capital fund headquartered in Orange County. Okapi just announced the close of its first fund, Okapi Ventures I, LP, at $30M. I caug... READ MORE...
posted on Friday, June 9, 2006
Luxury Link Raises $9M
Los Angeles-based Luxury Link, a provider of online luxury travel services, has raised $9M in a venture capital funding and shareholder buyout. The firm said Wednesday that it received the funding from San Francisco Equity Partners and El D... READ MORE...
posted on Thursday, June 8, 2006
Juice Wireless Finds $4M
New York-based Juice Wireless, which maintains its operations and research and development office in the Los Angeles area, has received $4M in funding. The firm, which is headed by David Herman, founder of Hollywood Stock Exchange, develop... READ MORE...
posted on Thursday, June 8, 2006
UCLA Team Wins DFJ Venture Challenge
A student team out of UCLA's Anderson School of Management has won Draper Fisher Jurvetson's annual venture challenge, beating out fourteen other companies for the prize of a $250K seed investment in the company. Precision Reproduction, is ... READ MORE...
posted on Tuesday, June 6, 2006
McAfee Acquires Preventsys
McAfee has purchased Carlsbad-based Preventsys, the firm said today. No financial terms wre disclosed. McAfee said that it would acquire Preventsys for its risk management and compliance products. Preventsys develops software used for autom... READ MORE...
posted on Tuesday, June 6, 2006
Okapi Closes Fund
Laguna Beach-based Okapi Venture Capital has closed its first fund, Okapi Ventures I, LP at $30M, the fund said today. Okapi said it received the commitments from Advanced Medical Optics, Conexant Systems, Edwards Lifesciences, Western Digi... READ MORE...
posted on Tuesday, June 6, 2006
myShape Gets Angel Funding
Pasadena-based myShape, an online clothing store focused on professional women, has received a Series A round of funding from the Pasadena Angels. Financial terms were not disclosed. myShape said today that it would use the funding to build... READ MORE...
posted on Tuesday, June 6, 2006
SyncVoice Raises $4M
Costa Mesa-based SyncVoice has raised $4M in a venture funding round, the company announced this morning. The funding round came from Clearstone Venture Partners and Hummer Winblad Venture Partners. SyncVoice develops software for managing ... READ MORE...
posted on Tuesday, June 6, 2006
Integrien Raises $10M
Irvine-based Integrien has raised $10 million in a Series B venture capital funding, the firm is announcing today. The new round of funding comes from Acartha Group, with additional funding from Integrien's existing investor Clearstone Vent... READ MORE...
posted on Monday, June 5, 2006
Salick Launches Cardiovascular Center With $75M Funding
Los Angeles-based Salick Cardiovascular Centers has announced that the company raised $75M in Series A funding from Warburg Pincus. The company is establishing outpatient treatment services for cardiovascular disease. The company will initi... READ MORE...
posted on Monday, June 5, 2006
Interactive Video Technologies Gets $5M
Los Angeles-based Interactive Video Technologies (IVT) has received $5M in venture capital funding from Monitor Ventures and prior investor Tudor Ventures. The firm said this morning that it would use the funding to enable it to bring new p... READ MORE...
posted on Thursday, June 1, 2006
Foundation 9 Gets Strategic Investment
Foundation 9, which operates a number of game development studios, said today it has received a strategic investment from Francisco Partners. Foundation 9 said that Francisco Partners will fund the company with up to $150M over the next few... READ MORE...
posted on Thursday, June 1, 2006
ProcessClaims Acquired By CCC
Manhattan Beach-based ProcessClaims has been acquired by Chicago-based CCC Information Services, CCC announced yesterday. CCC Information Services, which supplies technology to the automotive claims and collision repair industry, said that ... READ MORE...
posted on Wednesday, May 31, 2006
Breach Security Raises $6M
Carlsbad-based Breach Security has raised $6M in a Series B venture funding form Sid R. Bass Associates and Enterprise Partners, the firm said this morning. Breach said that it would use the new investment to expand its sales and marketing ... READ MORE...
posted on Tuesday, May 30, 2006
Dynamic Direct Acquired For $5.5M
Valencia, California-based Dynamics Direct has been acquired by London-based Alterian, for $5.5M. Dynamics Direct is a provider of email marketing software that is used by Princess Cruises, Countrywide Financial Services and Marsh Affinity ... READ MORE...
posted on Friday, May 26, 2006
Interview with Multi-Factor Authentication
For our interview today, I spoke with Craig Lund and Garret Grajek, founders of Multi-Factor Authentication (www.multifa.com), a startup company in the security software area that is based in Irvine. Craig is CEO of the firm, and Garrett is... READ MORE...
posted on Friday, May 26, 2006
Naryx Pharma Gets $8M
Santa Barbara-based Naryx Pharma has received $8M in venture funding, saying this morning that it has raised a Series B2 round from Vivo Ventures and Sutter Hill Ventures. Naryx is developing proprietary products for the treatment of chroni... READ MORE...
posted on Monday, May 22, 2006
Kleiner Invests In Altra
Los Angeles-based Altra, a biofuel firm acquiring and operating ethanol production plants, has received $50M in venture investment from Kleiner Perkins Caufield & Byers, The Angeleno Group, Khosla Ventures, Omninet Private Equity and Sage C... READ MORE...
posted on Friday, May 19, 2006
AudioCodes Buys Nuera Communications For $85M
San Diego-based Nuera Communications has been acquired for $85M in cash, according to AudioCodes, an Israeli Voice-over-IP firm. Nuera was developing Voice over IP gateways, soft switches, and management systems, and was backed by Comcast I... READ MORE...
posted on Thursday, May 18, 2006
LightPointe Shuts Down
San Diego-based LightPointe Communications has shut its doors, according to sources close to the company. LightPointe was developing free space optic systems for connecting campuses and last-mile connections, and had received over 4 rounds ... READ MORE...
posted on Thursday, May 18, 2006
Photobucket Raises $10.5M
Palo Alto-based Photobucket has raised $10.5M from Trinity Ventures, the firm said today. PhotoBucket provides an online web site that allows people to upload and share photos, slideshows, video, and images. Photobucket's web site is used b... READ MORE...
posted on Tuesday, May 16, 2006
DivX Files For IPO
San Diego-based DivX Networks has filed for an IPO, saying that it is looking to raise up to $135M in a public offering on the Nasdaq. DivX Networks reported in a filing with the SEC that it earned $2.2M on $33.0M in revenue for the year en... READ MORE...
posted on Friday, May 5, 2006
Rhevision Raises VC Funding
San Diego-based Rhevision Technology has raised a round of venture capital from EDF Ventures and In-Q-Tel, the CIA's venture capital investment arm, the company said today. Rhevision is developing tunable lens systems used for miniature cam... READ MORE...
posted on Friday, May 5, 2006
Demand Media Raises $120M, Buys eNom
Los Angeles-based Demand Media, a new company headed by Richard Rosenblatt, former CEO of Intermix Media and chairman of MySpace, has raised $120M and purchased a major provider of domain name registration, eNom. The firm said Monday that i... READ MORE...
posted on Thursday, May 4, 2006
Southern California Firms Pitch Bay Area VCs
Southern California high tech companies mixed with Bay Area venture capitalists and startups yesterday at AlwaysOn Hollywood, a conference being held at the Roosevelt Hotel in Hollywood. The conference, run by AlwaysOn, an online publicatio... READ MORE...
posted on Thursday, May 4, 2006
Interview with Leo Spiegel, Mission Ventures (Podcast)
In our podcast today, Frank Peters, a guest podcaster for socalTECH, speaks to Leo Spiegel, a venture capitalist at Mission Ventures. Leo tells the story of Sandpiper Networks, where as CEO he built a successful content delivery network, an... READ MORE...
posted on Wednesday, May 3, 2006
Wavestream Gets $28M
San Dimas-based Wavestream, a developer of high-efficiency, solid-state power amplifiers, has raised $28M. Wavestream said yesterday that it received the funding from Oak Investment Partners, which led the round. Wavestream said that it wil... READ MORE...
posted on Wednesday, May 3, 2006
IntelliDot Gets $13M
San Diego-based IntelliDOT, a provider of healthcare information systems focused on patient safety and workflow, said is has received $13M in a Series C funding. The new round of funding was led by Integral Capital Partners. IntelliDOT said... READ MORE...
posted on Tuesday, May 2, 2006
Interview with Matt Ridenour, TherMark Holdings
My interview today is with Matt Ridenour, CEO of TherMark Holdings, which just announced a venture round from the Tech Coast Angels and Pasadena Angels last week. Matt is also Managing Director of Momentum Venture Group, an interesting, equ... READ MORE...
posted on Monday, May 1, 2006
Imagine Communications Gets $9.2M
San Diego-based Imagine Communications said today that it has received $9.2M in venture invesment from Carmel Ventures and Columbia Capital. The new company, which has headquarters in Cardiff-by-the-Sea and R&D in Israel, said that it is de... READ MORE...
posted on Monday, May 1, 2006
Interview with Marc Diana, LeadPoint
Our Friday podcast is with Marc Diana, founder and CEO of LeadPoint, a company in Los Angeles that is developing a marketplace for leads. We've interviewed Marc Diana in the past, but with these new podcasts we're trying to let our readers... READ MORE...
posted on Friday, April 28, 2006
TCVN Targets Unaffiliated Angels
The Tech Coast Venture Network is the latest group looking to help entrepreneurs connect with angels, saying today that it has created a new, unaffiliated angel program. The group said that it is looking for entrepreneurs and business owner... READ MORE...
posted on Wednesday, April 26, 2006
TherMark Gets $1.7M
Los Angeles-based TherMark Holdings has received $1.7M in a venture funding round from the Pasadena Angels and the Tech Coast Angels, the firm said this morning. TherMark is developing technology for placing photographic quality serial numb... READ MORE...
posted on Tuesday, April 25, 2006
Southern California Sees Surge of VC Investment
PricewaterhouseCoopers and the National Venture Capital Association released their Q1 venture capital numbers today, following the VentureOne/Ernst & Young Venture Capital report release yesterday. Both surveys showed an increase in investm... READ MORE...
posted on Tuesday, April 25, 2006
Veoh Gets $12.5M From Eisner, Others
La Jolla-based Veoh Networks has received $12.5M in a Series B venture round, including an investment from Michael Eisner, former chairman and CEO of Walt Disney. Veoh reported this morning that it received the venture round from new invest... READ MORE...
posted on Tuesday, April 18, 2006
Private Equity Funds Have Strong Quarter
The National Venture Capital Association (NVCA) and Thomson Venture Economics are reporting that private equity fundraising had a very strong first quarter, with ninety-three funds raising a combined $31.4 billion. The groups reported that ... READ MORE...
posted on Tuesday, April 18, 2006
Zinc Matrix Raises $7M
Camarillo-based Zinc Matrix Power,a developer of silver zinc batteries targeted towards military and consumer applications, has raised $7M in a venture funding round. The firm said last week that it has received the funding from Intel Capit... READ MORE...
posted on Monday, April 17, 2006
SkinMedica Raises $11M
Carlsbad-based SkinMedica has raised a Series E-1 round of funding, the firm said yesterday. The round was led by Montagu Newhall Associates, and included participation by existing investors Domain Associates, Apax Partners, Perseus-Soros B... READ MORE...
posted on Wednesday, April 12, 2006
Robertson Funds Eyespot
Michael Robertson, founder of MP3.com, has funded another, Web 2.0 style firm in San Diego. Eyespot launched yesterday, and said that the new company will provide an online, AJAX-based video editor. The firm launched its first public versio... READ MORE...
posted on Thursday, April 6, 2006
Morpho Ships WiMAX Solution, Gets New Funding
Irvine-based Morpho Technologies, a developer of digital signal processors (DSP) for the wireless market, has rolled out a new, integrated WiMAX system aimed at the mobile device marketplace. The firm said that the new system, which it is l... READ MORE...
posted on Thursday, April 6, 2006
Interview with Jim Armstrong, Clearstone Venture Partners
I spoke with Jim Armstrong, who is Managing Director of Clearstone Venture Partners (www.clearstone.com) the other day, to get a sense of where they are investing nowadays, and for Jim's views on where the venture market is here in South... READ MORE...
posted on Wednesday, April 5, 2006
Southern California Q1 Venture Deals Up From Last Year
Q1 Venture Capital deals in Southern California totaled $763.2M in investments, with 68 deals since January of this year, according to our records. The venture capital dealflow this year was up from the similar period last year, where there... READ MORE...
posted on Monday, April 3, 2006
Venture Backed CEOs Getting Paid More
A new survey from Dow Jones VentureOne is showing that executives at U.S. venture-backed companies have seen a boost in pay this year, with an increase of $10,000 over median pay versus last year. The publisher reports that total salary ... READ MORE...
posted on Friday, March 31, 2006
Interview with Betsy Green, Media MatchMaker
Today I'm talking with Betsy Green, founder of Media MatchMaker (www.mediamatchmaker.com), and Jim Mahoney, President of the company. Media MatchMaker is an angel-backed firm that is creating an online marketplace for product placements.... READ MORE...
posted on Wednesday, March 29, 2006
Networks In Motion Raises $10M
Irvine-based Networks In Motion has raised $10M in a Series C funding round, the company said yesterday afternoon. The new round of funding was led by Sutter Hill Ventures, and also included prior investors Redpoint Ventures and Mission Ven... READ MORE...
posted on Wednesday, March 29, 2006
Accordent Raises $4M
Hermosa Beach-based Accordent Technologies has raised $4M in a Series A funding from TVC Ventures, the firm is announcing today. Accordent Technologies is developing presentation software for managing rich and streaming media for webcasts. ... READ MORE...
posted on Wednesday, March 29, 2006
WebVisible Gets Canadian Win
Irvine-based WebVisible, a provider of online local advertising services, has scored a win with a Canadian publisher of Yellow Pages. WebVisible said yesterday that it has entered into a partnership with Canadian Yellow Pages Group to bring... READ MORE...
posted on Tuesday, March 28, 2006
Interview with David Cremin, LAVA
I recently caught up with David Cremin, a venture capitalists at DFJ Frontier, who his been out promoting the Los Angeles Venture Association's Investment Capital Conference (icc.lava.org), which is being held in April. I talked with him a ... READ MORE...
posted on Monday, March 27, 2006
Airgain Gets $4.1M
Carlsbad-based Airgain, a developer of smart antennas for the WLAN market, has raised $4.1M in venture capital, the firm said this week. Airgain received the funding from Northwater Capital, via the Northwater Intellectual Property Fund and... READ MORE...
posted on Friday, March 24, 2006
Uniloc Raises $6.1M
Irvine-based Uniloc USA is reporting that it has raised $6.1M in private equity. Uniloc is developing technology for device-based security and software copy control. The firm's technology uses a method of identifying hardware using physical... READ MORE...
posted on Wednesday, March 22, 2006
Interview with Brad Hines, Practical Instruments
Brad Hines is the CEO of Practical Instruments (www.practicalinstruments.com), a new startup in the Los Angeles area that is in the energy space. With energy receiving an increasing amount of attention in the investment area, I thought it ... READ MORE...
posted on Wednesday, March 22, 2006
Norcal Entrepreneurs Bankroll Clean Technology Challenge
A group of Northern California entrepreneurs, venture capitalists, and service providers have launched a new, statewide competition for encouraging clean technology innovation. The California Clean Tech Open was launched in San Francisco ... READ MORE...
posted on Wednesday, March 22, 2006
BIOCOM, CONNECT Launch Life Sciences Accelerator
San Diego-based BIOCOM and CONNECT, two of the area's dominant organizations for the biotechnology industry, have launched a new business targeted at technology startups. The two groups said that they have a committee called the San Diego L... READ MORE...
posted on Tuesday, March 21, 2006
Sony Online Invests In Database Maker
San Diego-based Sony Online Entertainment has made an equity investment in an open source database company. The online game operator said today that it has invested in EnterpriseDB, make of the open source EnterpriseDB Advanced Server datab... READ MORE...
posted on Monday, March 20, 2006
Luxtera Appoints VP
Carlsbad-based Luxtera said this week that it has hired Edward P. (Ted) Holtaway as Senior Vice President of Operations. Holtaway joins the firm from Cymer, where he was EVP of Lithography Systems SOlutions. Luxtera said that Holtaway will... READ MORE...
posted on Friday, March 17, 2006
Luxtera Gets $22M Series C
Carlsbad-based Luxtera has closed a $22M Series C investment round. The firm said today that it received the funding from New Enterprise Associates, Sevin Rosen Funds, August Capital, and Freescale Semiconductor. Luxtera is developing semic... READ MORE...
posted on Thursday, March 16, 2006
Interview with Krisztina Holly, USC Stevens Institute
My interview today is with Krisztina Holly, new director of the University of Southern California's Stevens Institute for Technology Entrepreneurship and Commercialization (SITEC). The institute is looking to connect with the local techn... READ MORE...
posted on Wednesday, March 15, 2006
vMix Gets Investment From Mission, Enterprise
San Diego-based vMix, an online video content community, has raised a first round of funding from Mission Ventures and Enterprise Partners. The company said that it would use the funding to enhance the site's offerings and product developme... READ MORE...
posted on Monday, March 13, 2006
posted on Friday, March 10, 2006
Interview with John Dilts, Maverick Angels
My interview this morning is with John Dilts, founder of the Maverick Angels, a new angel investment group here in Southern California. John is the former head of the Keiretsu Forum's Los Angeles chapters, and recently left to form this ne... READ MORE...
posted on Thursday, March 9, 2006
USC Appoints Head of Commercialization Institute
The University of Southern California has named a new director to head the new, USC Mark and Mary Stevens Institute for Technology Entrepreneurship and Commercialization. The university said today that Krisztina Holly, the former executive ... READ MORE...
posted on Thursday, March 9, 2006
posted on Monday, January 23, 2006