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Tuesday, May 21, 2013

Uncovet Gets $1.3M For Fashion Recommendations

Los Angeles-based Uncovet, the online fashion deals and discovery site backed by Science, Inc., said it has raised $1.3M this morning. The new funding came from Javelin Venture Partners, Siemer Ventures, and Paige Craig. Uncovet, which was ...

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Monday, May 20, 2013

Prevoty Gets $700K For Cross Site Scripting Security

Los Angeles-based Prevoty, a developer of security tools for preventing cross-site scripting (XSS), a security issue for websites, has raised $700,000 in seed funding, the firm disclosed today. The funding came from Plus Capital, MM Capital...

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Monday, May 20, 2013

Alteryx Gets $12M For Big Data Analysis Tools

Irvine-based Alteryx, a developer of "big data" analytics software, announced today that it has raised $12M more for its efforts. The new funding came from Toba Capital, the venture capital fund recently founded by Quest Software founder Vi...

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Monday, May 20, 2013

eFFECTOR Therapeutics Gets $45M For Cancer Treatments

San Diego-based eFFECTOR Therapeutics said today that it has raised $45M to go towards the development and invention of small molecule drugs, specifically aimed at treating cancer. According to the firm, the Series A investment included U.S...

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Friday, May 17, 2013

Privlo Raises $2.1M For Private Mortgage Marketplace

In some what-did-our-spam filter eat-recently funding news, Santa Monica-based Privlo recently raised $2.1M in a seed funding round, for its online marketplace for private mortgage loans. Privlo, which was founded by Michael Slavin, said ...

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Thursday, May 16, 2013

SnapMD Looks To Connect Health Care Providers, Patients Via Tablet, Smartphone

What's the best way to connect physicians with their patients? A new, Glendale-based startup, SnapMD, is hoping to do that through a smart phone, tablet, or your home PC, via a new service. The firm has just raised $175,000 in a seed fundin...

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Thursday, May 16, 2013

Active Life Scientific Snags $500K

Santa Barbara-based Active Life Scientific, a developer of life sciences research and diagnostics tools, said this morning that it has raised $500K in a Series A follow on investment. The funding came from members of the Tech Coast Angels. ...

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Wednesday, May 15, 2013

Insights: Raising Growth Capital

For today's Insights and Opinions section today, we tap into the wisdom of Ivan Nikkhoo, an experienced entrepreneur, investment banker and VC at Siemer & Associates, and who is an advisor to Siemer Ventures. Nikkhoo gives some insights i...

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Wednesday, May 15, 2013

Airware Gets $10.7M From Google, Andreessen For Unmanned Drone Technology

Looking to build your own unmanned aerial vehicle? A new, Newport Beach-based startup, Airware, has raised $10.7M to develop all of the infrastructure for buildling your own, commercial drone, from Andreessen Horowitz and Google Ventures. A...

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Wednesday, May 15, 2013

Skift Lands $1.1M for Travel Publishing

Skift, the online travel publishing site started by Rafat Ali--the founder of Paidcontent.org, which was based in Santa Monica--has raised $1.1M in a new funding round. The funding came from Lerer Ventures, along with Ironfire Angel, MESA+...

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Wednesday, May 15, 2013

Kite Pharma Raises $35M

Los Angeles-based Kite Pharma, a biotechnology company developing immunotherapies for cancer, said today that it has raised $35M in its Series A funding round. The firm said that the funding came from Alta Partners, David Bonderman, Pontifa...

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Tuesday, May 14, 2013

StyleHaul Adds Another $6M

Los Angeles-based fashion video producer StyleHaul, the YouTube network headed by Stephanie Horbaczewski, has raised another $6M in funding, the firm disclosed Tuesday. The funding came from RLG Group, a European media company. StyleHaul's ...

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Monday, May 13, 2013

Greentoe Lands Angel Funding

Los Angeles-based Greentoe.com, which operates an online marketplace which lets people name their own price for electronics and other items, has raised a round of angel funding, the firm said today. The funding came from Parker Thompson f...

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Friday, May 10, 2013

Inktank Gets $13.4M For Cloud Storage Technology

Los Angeles-based Inktank, the developer of the open source, massively parallel, distributed file system Ceph, has added $13.4M into its coffers, according to a regulatory filing by the firm Friday. The filing says the funding--in the form ...

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Friday, May 10, 2013

uParts Gets $2M To Revolutionize Auto Parts Business

uParts has a mission: revolutionize the auto parts procurement business. The Irvine-based startup also now has $2M in the bank to help it with that goal, announcing this morning that it has raised a Series A funding from GRP Partners, Fra...

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Friday, May 10, 2013

Amgen In Chinese Joint Venture

Thousand Oaks-based biotech giant Amgen said Thursday that it is in a joint venture with Chinese company Zhejiang Beta Pharma, to commercialize the firm's Vectibix (panitumumab) product in the Chinese market. Financial arrangements of the j...

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Thursday, May 9, 2013

OUYA Gets $15M For Open Video Game Console

Santa Monica-based OUYA--which is developing a low cost, video game console--said today that it has raised $15M in a funding round, led by Kleiner Perkins Caufield & Byers, and including Mayfield Fund, NVIDIA, Shasta Ventures, and Occam P...

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Thursday, May 9, 2013

CapLinked Adds Investors To Series A

Los Angeles-based business transactions and dealroom service CapLinked has rounded up some new investors today, saying that it has added additional investors in its Series A funding. The firm said it has brought its Series A up to $2.1M, an...

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Thursday, May 9, 2013

Yekra Raises $3M For Video On Demand Platform

Los Angeles-based Yektra announced this morning that it has raised $3M in a Series A funding round. Yekra says it is a digital entertainment distributor connected with an affiliate marketing system. The funding came from Maurice Gallagher, ...

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Wednesday, May 8, 2013

Midas List: Cornerstone OnDemand, Green Dot Help VCs

Forbes Magazine has released its latest Midas List, its listing of the top venture capitalists, and--once again--Southern California's venture capitalists have been shut out of the list. However, two, Southern California firms drove the inc...

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Wednesday, May 8, 2013

Chromatik Raises $5.7M For Music Software

Chromatik, the music software company which is revolutionizing sheet music, has raised $5.7M in funding, part of an ongoing $8.8M fundraising effort by the company, according to a regulatory filing by the firm. The Santa Monica startup, whi...

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Wednesday, May 8, 2013

Lumena Pharmaceuticals Gets $23M

San Diego-based Lumena Pharmaceuticals announce today that it has raised $23M in a Series A funding round, to go towards developing oral therapeutics for rare liver diseases. The funding came from Pappas Ventures, RiverVest Venture Partners...

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Tuesday, May 7, 2013

Viddy In Recap, To Return Some Funds, Says Report

A report Tuesday from AllthingsD says that once-hot Los Angeles startup Viddy is recapitalizing, and will return $18M of the $30M it raised a year ago. The report says that investors New Enterprise Associates, Khosla Ventures, and Goldman S...

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Tuesday, May 7, 2013

DFJ Frontier Bolsters Team With Media Vet

Los Angeles-based venture capital investment firm DFJ Frontier has significantly bolstered the company's team, saying Tuesday that it has added Merrill Brown--former founder of MSNBC--as a Venture Partner. DFJ Frontier said that Brown will ...

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Tuesday, May 7, 2013

TenFarms Gets $2.7M For Smartphone Advertising Software

Los Angeles-based TenFarms, the mobile application development startup headed by Nils Forsblom, announced this morning that it has raised $2.7M in an angel funding round, to launch a new mobile advertising product called Adtile to the marke...

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Monday, May 6, 2013

Panna Gets Funding From LA Investors For iPad Cooking Magazine

A number of Los Angeles investors are behind a first round of funding today for Panna, a developer of a video cooking magazine for the iPad and iPhone. Panna, which is based in New York, said it raised $1.35M in funding from Anthem Ventures...

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Monday, May 6, 2013

InstaMed Gets More Funding

Newport Beach- and Philadelphia-based InstaMed, which operates an online electronic payment clearinghouse for the healthcare industry, said today that it has raised an internal round of funding. Size of the round was not announced. The firm...

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Monday, May 6, 2013

Arrowhead Gets $36M In PIPE

Publicly held biotherapeutics developer Arrowhead Research said this morning that it has raised $36M in a private offering. The Pasadena-based company said the new financing was led by RA Capital, and included new investors Camber Capital, ...

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Thursday, May 2, 2013

How TenOneTen Ventures Is Investing In LA's Technology Future

Despite a growing technology industry here in Southern California, local investors and entrepreneurs tell us there's still a shortage of local, venture capital. In particular, funding for companies developing deep technology--software and...

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Wednesday, May 1, 2013

Qualcomm Backs Photo Technology Firm Pelican Imaging

San Diego-based Qualcomm has backed a developer of advanced photo and camera array technology, Pelican Imaging, with a strategic investment today. Pelican Imaging, which develops camera array technology for mobile phones, said it raised $20...

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Tuesday, April 30, 2013

Local Market Launch Scores $1.5M

Santa Barbara-based Local Market Launch, a new startup founded by former ValueClick founder Brian Coryat, said Tuesday that it has raised $1.5M in a Series A funding round. The round came from Rincon Venture Partners. According to Local M...

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Monday, April 29, 2013

Insights and Opinions: How to Raise Money When You’re Not in a Major VC Market

So you're not in San Francisco, Palo Alto, Los Angeles, New York, Boston, Seattle, or one of the other hot areas for venture capital--but you need to raise money. What do you do? In our Insights and Opinions section today, where we share th...

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Thursday, April 25, 2013

Topera Takes $25M More For Medical 3D Analysis System

In a bid to help bring its products to market, San Diego-based Topera Medical said Thursday that it has raised $25M in a Series C financing, which will go towards its 3D analysis and mapping system for treating atrial fibrillation. The new ...

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Thursday, April 25, 2013

Correlation Ventures Trumpets Investments, First Exit

San Diego- and Palo Alto-based venture capital investor Correlation Ventures said this week that it has so far funded eight companies in Q1, and had its first portfolio exit, at Virsto Software. The $165M venture capital fund said it now ha...

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Thursday, April 25, 2013

Moonfrye Gets $2.5M For Kids Activities

Los Angeles seems to be cementing itself in as the capital of celebrity and e-commerce, with the latest deal being Moonfrye, a new, "celebrity mom" startup featuring Soleil Moon Frye, best known to the rest of us as Punky Brewster. The new ...

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Thursday, April 25, 2013

EV Connect Gets Funding For Electric Vehicle Charging

Los Angeles-based EV Connect, a new startup which helps install, manage, and integrate electric vehicle charging stations for the commercial and government market, announced an initial round of funding this morning. Size of that funding was...

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Wednesday, April 24, 2013

Silverpop Lands $25M In Venture Debt For Email Marketing

Silverpop, an Atlanta-based email marketing automation provider which also has operations in Irvine, said today that it has raised $25M in a venture debt funding. The funding came from Escalate Capital Partners and Silicon Valley Bank. Silv...

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Tuesday, April 23, 2013

Nativo Gets $3.5M For Native Advertising Technology

Los Angeles-based Nativo, the online advertising technology firm led by Justin Choi, has raised $3.5M in a Series A funding round, the firm announced Tuesday. The funding was led by Greycroft Partners, and also included e.ventures and Signi...

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Tuesday, April 23, 2013

TenOneTen Ventures Emerges As SoCal's Newest Venture Capital Firm

Despite the level of venture capital activity in Southern California, the region--according to informal discussions with venture capitalists over the years--continues to suffer from a dearth of local, indigenous capital--at least, compared ...

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Tuesday, April 23, 2013

SRCH2 Raises Funding, Targets Enterprise Search

The world of search technology is constantly evolving, with new features like autosuggestion, "instant search", autocorrect, mobile support, and more constantly showing up in such services like Google. But, if you're not one of the giants i...

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Tuesday, April 23, 2013

MarketShare Finds $38M More

Los Angeles-based MarketShare, the developer of predictive analytics software for the marketing industry, has raised a big, $38M funding round, the firm said Monday. The funding was led by FTV Capital, and also included Elevation Partners a...

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Monday, April 22, 2013

GroundMetrics Gets $1.5M In Second Round

San Dieog-based GroundMetrics, which develops electromagnetic sensing technology for the oil, gas, mining, geothermal, and environmental market, said late Monday that it has raised $1.5M in a second round of financing. The new round was led...

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Monday, April 22, 2013

FastSpring Gets Funding From Pylon

FastSpring, the fast growing Santa Barbara-based e-commerce payment services provider headed by Dan Engel, said today it has scored a funding round from Pylon Capital, a Los Angeles-based investment firm. Size of the funding round was not d...

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Monday, April 22, 2013

Southern California Venture Investments See Big Drop In Q1

Venture capital investments saw a sharp drop in Q1 in Southern California, according to the latest venture numbers from the MoneyTree report. The report, released by PricewaterhouseCoopers and the National Venture Capital Association over...

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Monday, April 22, 2013

EdgeCast Raises $23.77M

Los Angeles-based content delivery network provider EdgeCast quietly raised $23.775M sometime in the last quarter, according to numbers released in the MoneyTree report over the weekend by PricewaterhouseCoopers and the National Venture Cap...

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Monday, April 22, 2013

Seechangehealth Gets $15.0M For Healthcare Plans and Technology

Studio City-based Seechangehealth has raised a $15.0M funding round, from Psilos Group and Maverick Capital for its health plans and technology geared around preventative care. The Series C investment was actually disclosed in January, but ...

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Friday, April 19, 2013

Saban Capital Opens Office In Singapore

Los Angeles-based media and communications investor Saban Capital Group announced Thursday that it has opened up an office in Singapore. The investment group--headed by Haim Saban, the head of Univision---said it has five investments in the...

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Thursday, April 18, 2013

Hollywood Insiders Back Social Shopping Site The Hunt

In a turn from the usual formula of Silicon Valley investors backing a Hollywood, celebrity-driven startup, a Silicon Valley startup has scored the backing of a group of Hollywood insiders. San Francisco-based The Hunt said this week that i...

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Wednesday, April 17, 2013

Music Mastermind Nabs $11.3M As It Launches Music Creation App

Calabasas-based Music Mastermind, the interactive entertainment firm headed by Matt Serletic, has raised $11.3M, as it has inked a deal with mobile games publisher Chillingo to publish a new music creation game called Zya. Music Mastermind ...

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Wednesday, April 17, 2013

Bitium Raises $2.4M

Venice Beach-based Bitium, a new startup out of LA's Amplify accelerator, announced this morning that it has raised $2.4M in a seed funding round. The new startup--founded by Scott Kriz and Erik Gustavson--said the funding was led by Mike H...

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Tuesday, April 16, 2013

Booker Raises $27.5M, As Irvine Office Grows

Booker, the developer of a cloud-based system for automating operations and marketing for small and medium sized businesses and others, has raised $27.5M in a funding round, the firm announced this morning. The company--which has a substa...

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Tuesday, April 16, 2013

Tech Coast Angels Number Two In Angel Investments Report

The Tech Coast Angels, Southern California's largest angel investment group, is ranked number two in the nation this year in terms of the number of deals the group did, according to the latest 2012 Halo Report. The report, a national survey...

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Friday, April 12, 2013

Southern California Accelerator Report Card: Q1 2013

There's been a lot of activity over the past two years in the Southern California accelerator/incubator market, with numerous groups (Amplify, EvoNexus, K5, LaunchpadLA, MediaCamp, Science, StartEngine, and many, many others) looking to he...

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Thursday, April 11, 2013

Local Corporation Gets $5M In PIPE

Irvine-based Local Corporation, the operator of the network of online, local directory websites, said today that it is in an agreement to raise $5M from The Tail Wind Fund Ltd. The firm said the funding will come in the form of convertible...

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Wednesday, April 10, 2013

Miramar, Okapi Back Healthcare Software Developer

Two, Orange County venture capital investors are behind a developer of socially-driven, healthcare software aimed at helping health plans encourage healthy activity by their members. Welltok said today that it has raised $18.7M in a Series ...

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Tuesday, April 9, 2013

Donuts Raises Series B For Domain Domination

Donuts Inc., the startup which is taking on the new, generic top-level domain name market, announced a new round of funding today, a Series B round. Size of the round was not disclosed. The firm, which has offices in Southern California a...

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Friday, April 5, 2013

Fullscreen Grabs $30M More For YouTube Network

Culver City-based Fullscreen, which operates a multi-channel youTube network, and is led by George Strompolos (formerly of YouTube/Google), has raised $30M in a new round of funding, according to reports today. The funding round reportedly ...

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Friday, April 5, 2013

VisibleBrands Scores $4.6M For In-Store, Digital Coupon Systems

VisibleBrands, a startup developing an in-store, digital promotions network which presents consumers with coupons which automatically show up at the checkout line, has raised $4.6M. The firm--which is based in Kirkland, Washington but also...

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Thursday, April 4, 2013

WhisperText Gets $3.0M

A stealthy, Santa Monica-based startup, WhisperText has raised $3.0 from what looks like a number of high profile investors. According to a regulatory filing from the company--which develops an iOS app that allows users to share their secre...

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Wednesday, April 3, 2013

EAT Club Finds Funding From Siemer Ventures, Brian Lee

Two, Southern California investors are part of a new funding round today for EAT Club, a startup which automatically delivers lunch to professionals' desks every day based on their preferences. EAT Club said it raised $5M in a Series A fund...

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Wednesday, April 3, 2013

Tealium Gets $15.6M In Third Funding Round

San Diego-based Tealium, the developer of tag management software headed by Ali Behnam, has raised $15.6M in a new, Series C funding, the company said this morning. According to Tealium, the new funding comes from Tenaya Capital, Battery Ve...

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Tuesday, April 2, 2013

DailyLook Uncovers $2.5M For Fast Fashion

Are you a fashion startup? It looks like Los Angeles has become the hotbed of new fashion and e-commerce startups, with the latest being DailyLook, which disclosed Tuesday that it has raised $2.5M in a funding round, from GRP Partners, RRE ...

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Tuesday, April 2, 2013

TakeLessons Sees Jump In Music Lesson Interest

Need to find a ukulele or blues harmonica teacher? San Diego-based TakeLessons, the online marketplace for music lessons, said that it is seeing a jump in interest in the firm's marketplace for online music lessons. The startup--which is ba...

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Tuesday, April 2, 2013

Algenetix Scores $2M For Renewable Fuels Technology

San Diego-based Algenetix, a startup, industrial biotechnology firm, announced this morning that it has raised $2.0M in a Series A-1 funding. The firm said it is developing technology which improves the oil productivity in microbes, for the...

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Tuesday, April 2, 2013

OneHealth Raises $9M For Patient Health Technology

Solana Beach-based OneHealth, a developer of technology-based patient health services, said today that it has raised $9M in a Series B funding round. The funding was led by Lemhi Ventures. OneHealth says it uses game mechanics, social netwo...

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Monday, April 1, 2013

Proximal Data Gets $2M For Caching Software

San Diego-based Proximal Data, which develops serve-side caching software for accelerating I/O access to virtualized machines, said this morning that it has raised $2M in a Series B round of funding. The funding came from Divergent Ventures...

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Thursday, March 28, 2013

Playdek Gets $3.8M For iOS Games

Playdek, a Carlsbad-based mobile game developer, disclosed Thursday that it has raised $3.8M in a Series A funding round. The round was led by Qualcomm Ventures, and also included IDG Ventures, ff Venture Capital, Deep Fork Capital, Greycro...

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Wednesday, March 27, 2013

eSolar Raises $12.8M

Idealab-based solar energy startup eSolar has just raised $12.8M in a new funding, part of an ongoing $30M funding for the company, according to a regulatory filing by the firm. The funding--which included at least two prior investors, incl...

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Tuesday, March 26, 2013

USC's Startup Accelerator Targets 10 Companies, Starts In May

More details on the University of Southern California's new Viterbi Startup Garage, the brand new startup accelerator being backed by the United Talent Agency and Kleiner, Perkins, Caufield & Byers, have emerged, with the school saying th...

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Tuesday, March 26, 2013

ZeaKal Raises $3.8M

San Diego-based ZeaKal, a plant sciences startup focused on developing technology to increase the yield and oil content of crops, said this morning that it has raised $3.8M in a Series A funding. The round was led by Finestere Ventures, Two...

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Tuesday, March 26, 2013

EmiSense Raises $6.5M

Ladera Ranch-based EmiSense Technologies, a developer of ceramics-based, particulate matter sensors for smog measurement, said today that it has raised $6.5M in a third round of funding. The funding was led by 9th Street Investments. Accord...

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Tuesday, March 26, 2013

EmiSense Raises $6.5M

Ladera Ranch-based EmiSense Technologies, a developer of ceramics-based, particulate matter sensors for smog measurement, said today that it has raised $6.5M in a third round of funding. The funding was led by 9th Street Investments. Accord...

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Thursday, March 21, 2013

Apmetrix Takes On Videogame Analytics

A new, San Diego-based startup, Apmetrix, said yesterday that it has launched a new, software-development kit aimed at providing analytics to videogame developers. Apmetrix said it is developing a real-time, game analytics platform aimed at...

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Wednesday, March 20, 2013

Greycroft Bolsters Los Angeles Team

In what can only be good news for local startups, venture capital investment firm Greycroft Partners said this morning that it has named Mark Terbeek as a new Partner in its Los Angeles office. Terbeek will help current LA partner Dana Sett...

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Wednesday, March 20, 2013

Tech Coast Angels, Rady Venture Fund Back Savara Pharmaceuticals

Two, Southern California investment groups have backed a developer of treatments for infections in cystic fibrosis patients, Savara Pharmaceuticals, they announced today. Both the Tech Coast Angels, Southern California's largest organized a...

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Tuesday, March 19, 2013

JMI Equity Re-Ups On AppNeta

San Diego-based private equity investor JMI Equity has put more capital into AppNeta, a Boston-based provider of cloud-based, IT performance management software. AppNeta said it raised $16M in a Series C, which was led by Bain Capital Ventu...

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Tuesday, March 19, 2013

Rexter Gets $1.5M To Put Contact Management On Steroids

Rexter, a brand new, Pasadena startup looking to put business contact management on steroids, said today that it has raised $1.5M in a seed funding round, which included local high profile technology executives Ted Meisel, Gil Elbaz, Sean...

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Monday, March 18, 2013

Divshot Raises $1.1M For Visual Web App Software

Need to build a web application, and wish you could do it in a more intuitive, visual way? Divshot, one of the startups out of Los Angeles startup accelerator Launchpad LA, said today that it has raised $1.1M in a seed financing round, for...

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Thursday, March 14, 2013

Domain Associates In Chinese Healthcare Venture

San Diego-based Domain Associates is thinking outside the box. The venture capital box, that is. The venture capital investor said Wednesday that it has linked with Chinese advisory firm Elite Consulting, to bring advanced healthcare produc...

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Thursday, March 14, 2013

Qualcomm Names Venture Investment Prize Winner

San Diego-based Qualcomm has named the winner of its annual, Qualcomm Ventures QPrize Venture Investment Competition, the company said this morning. Qualcomm said it has awarded $150,000 in convertible note funding to iOnRoad, and Israeli c...

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Wednesday, March 13, 2013

HG Data Lands $2M For Business Intelligence

Santa Barbara-based HG Data Company announced this morning that it has raised $2M in a funding round, for its cloud-based, business intelligence database service. The new startup said the funding was led by EPIC Ventures, and also include...

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Tuesday, March 12, 2013

William Morris Invests in Mobile Development Firm

Beverly Hills-based talent agency and entertainment giant William Morris Endeavor looks to be busy with investments this week. The firm as backed a mobile application development company, Chaotic Moon Studios, as part of a strategic partner...

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Tuesday, March 12, 2013

GRP Partners Adds HauteLook's Bettinelli

GRP Partners, the Los Angeles venture capital investment firm, said Tuesday morning that it has added former HauteLook CMO Greg Bettinelli as a Partner at the firm. Bettinelli was Chief Marketing Officer at HauteLook, having taken it form s...

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Tuesday, March 12, 2013

Western Digital Backs Skyera

Irvine-based disk drive maker Western Digital announced this morning that it has made a strategic investment in Skyera, a developer of enterprise, solid state storage systems. WD said it co-invested in the recent, $51M funding round annou...

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Monday, March 11, 2013

CAA, William Morris Back Online Video Education Site

Two, Hollywood heavyweights--the Creative Artists Agency (CAA) and William Morris Endeavor (WME)--are backing an online site which provides live workshops from experts. According to creativeLive, it has raised $8M in a funding round, which ...

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Monday, March 11, 2013

Auspex Pharmaceuticals Gets Debt Funding

San Diego-based biopharmaceuticals firm Auspex Pharmaceuticals has scored a new credit facility, from Square 1 Bank, the firms announced today. According to the firms, Auspex has received a term loan to supplement the firm's working capital...

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Monday, March 11, 2013

Fruit Grower Calavo Spins Out Technology Startup FreshRealm

In what might be one of the more unusual sources of funding for a startup, Santa Paula-based fruit grower Calavo Growers announced this morning that it has backed a new startup, FreshRealm, which will develop a new, cloud-based technology p...

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Friday, March 8, 2013

How Frost Venture Partners Is Incubating The Big Data Future

Stuart Frost is head of Frost Venture Partners (www.frostvp.com), and the founder of DatAllegro, which he started in Orange County and eventually sold to Microsoft for $275M in 2008. DatAllegro was one of the first companies in what is no...

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Thursday, March 7, 2013

Video Game Maker Pulls In More Than $1.9M On Kickstarter

Think you need to find a venture capitalist or angel investor to help you fund your great new idea for a videogame? Think again. A Newport Beach-based videogame publishing firm, inXile, has just raised $1.9M (and counting) in funding on t...

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Thursday, March 7, 2013

Visualnet.com Raises $1M For Film, TV Production Services Marketplace

Beverly Hills-based Visualnet.com, which operates an online marketplace for production services for the film, TV, and video production industry, said Thursday that it has raised $1M in a funding round. The company said the funding came from...

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Thursday, March 7, 2013

Qualcomm Backs 3D Scanning Startup Matterport

Qualcomm Ventures, the venture capital arm of San Diego-based communications chip maker Qualcomm, has made an investment in a developer of 3D scanning tools. Matterport said today that it has raised $5.6M in a Series A round, which was led ...

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Wednesday, March 6, 2013

Lindzon Backs Discoverly

Howard Lindzon, the San Diego angel investors who also heads up stock micro-messaging site StockTwits, has invested in another private company--Discoverly. Discoverly disclosed a seed round of funding worth $750,000 which included Salesforc...

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Wednesday, March 6, 2013

SharesPost Hooks Up With NASDAQ On Private Shares Market

SharesPost, the private company marketplace headed by Greg Brogger, which had been incubated and started in Santa Monica via Brighthouse, the startup incubator run by Brogger and Scott Painter, is in a joint venture with NASDAQ OMX, the two...

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Wednesday, March 6, 2013

Beats Electronics Gets $60M, Spins Out Daisy Streaming Music Service

Santa Monica-based Beats Audio, the headphone and audio equipment maker, has raised $60M in a funding round, to spin out its streaming music service 'Daisy', the firm said late Tuesday. The new funding was led by Len Blavatnik's Access Indu...

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Tuesday, March 5, 2013

Cheers Gains $2.5M To Spread Happiness, Joy

Is the world short in happiness and joy--and how can a mobile app change that? Los Angeles-based Cheers, the new startup from Bizrate founder Farhad Mohit, disclosed Tuesday afternoon that it has raised $2.5M in a Series A from investors to...

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Tuesday, March 5, 2013

Carolus Therapeutics Gets $2.25M In Debt Funding

San Diego-based Carolus Therapeutics, a developer of biopharmaceuticals aimed at treating acute and chronic inflammation, has scored $2.25M in a debt funding round, according to financing provider Square 1 Bank. According to Square 1, the n...

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Tuesday, March 5, 2013

Epoxy Tunes Into $2M to Enable YouTube, Video Publishing

One of the hottest sectors in Southern California's high tech world in the last couple of years has been video--namely, Internet video and content creation. With the rise of an increasingly large number of companies, producers, individuals,...

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Tuesday, March 5, 2013

FindTheBest Lands $11M For Comparison Engine

FindTheBest, the online comparison and research site headed by former DoubleClick founder Kevin O'Connor, said this morning that it has raised $11M in a Series B funding round. The round was led by New World Ventures, and also included Mo...

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Tuesday, March 5, 2013

Quorum Gets $11M From Former Quest CEO Vinny Smith's New Venture Firm

There's a new venture investor in town, thanks to Dell. Vinny Smith, the former CEO of Aliso Viejo-based Quest Software, appears to have become one of the most active investors in recent months in enterprise software, after starting up a ne...

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Monday, March 4, 2013

Amgen's Kevin Sharer Joins Healthcare Venture Capital Firm

Is Amgen the next source of the healthcare industry's venture capital deals? It might be, on news that Kevin Sharer, the former CEO of Thousand Oaks-based Amgen, has joined venture capital investment firm Foundation Medical Partners. Accor...

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Friday, March 1, 2013

OneRoof Energy Gets $100M In Funding

San Diego-based OneRoof Energy, which provides financing for solar power projects, said Thursday afternoon that it has raised $100M in new financing for residential solar projects. The funding comes from MS Solar Holdings, which is a subsid...

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Thursday, February 28, 2013

Ignyta Raises $1M In Venture Debt

San Diego-based personalized medicine developer Ignyta has raised $1M in funding, via a capital term loan from Silicon Valley Bank, the company disclosed this morning. The firm--which is focusing on treating rheumatoid arthritis (RA), lupus...

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Tuesday, February 26, 2013

OpenX Adds Japanese Investor

Los Angeles-based OpenX Software has a new investor, the firm said today, Japanese company cyber communications, inc. According to OpenX, cyber communications, which is a wholly owned subsidiary of Dentsu Inc., joined in providing additiona...

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Friday, February 22, 2013

Sanguine BioSciences Finds Seed Funding

Valencia-based Sanguine Biosciences, a startup developing a service around blood sample collection for research and development, said Thursday that it has closed on a seed financing round. Size of the round was not announced. The funding wa...

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Thursday, February 21, 2013

Investment Group of Santa Barbara Backs Mindflash

The Investment Group of Santa Barbara is the primary backer of a developer of online training software for corporations, which announced a funding round Thursday. Mindflash, a Silicon Valley-based developer of online software for learning m...

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Thursday, February 21, 2013

Xirrus Raises $10.1M More

Xirrus, the wireless hardware provider based in Thousand Oaks, has just raised $10.1M in a funding round, part of an ongoing $11.0M funding, according to a regulatory filing by the company. Details on the funding have not yet been announc...

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Thursday, February 21, 2013

Special Report: Who's Funding What, Really?

There's been a lot of talk about the boom in Southern California's startup world. Driven by success in the sector, accelerators, serial entrepreneurs, and more, there are more startups starting and relocating here than ever. However, local ...

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Wednesday, February 20, 2013

CROWDIMPACT LA Dangles $20K Prize For Social Enterprise Startups

Crowdfunder, the Los Angeles startup led by CHance Barnett, has launched another crowdfunding event aimed at the local industry, saying Wednesday that it has launched CROWDIMPACT LA, a pitching competition which will award $20,000 in a top ...

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Tuesday, February 19, 2013

Jeda Networks Takes On Storage Networks

Newport Beach-based Jeda Networks, a new startup in the storage networking arena, said today that it has unveiled its technology, with the backing of U.S. Venture Partners and Miramar Venture Partners. The firm said it is developing softwar...

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Tuesday, February 19, 2013

Aviir In Middle Eastern Distribution Deal

Irvine-based Aviir, a life sciences startup developing laboratory tests for cardiovascular disease, said today that it has signed a distribution and expansion pact covering 19 Middle Eastern and North African countries. Aviir said it has in...

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Friday, February 15, 2013

iPourIt Snags Series A Funding For Bartender-in-a-Box

Can you pour me another one? You'll soon be asking a machine that question--if Newport Beach-based iPourIt gets its way, thanks to technology which the firm has developed to let people get their own refills on beer. The local company announ...

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Friday, February 15, 2013

Science Inc. Gets $30M From Hearst

Science Inc., the technology startup incubator and studio headed by former MySpace CEO Michael Jones, has raised around $30M in funding from Hearst Ventures, the venture capital arm of Hearst Corporation, Hearst said this morning. Science I...

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Friday, February 15, 2013

BAROnova Gets $27.3M For Weight Loss Device

Goleta-based medical device developer BAROnova announced this morning that it has raised a big, $27.3M funding round to fund clinical trails for its weight loss device. The firm said the Series C funding was led by Sante Ventures and Boston...

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Wednesday, February 13, 2013

Warner Launches Startup Accelerator In Los Angeles

It looks like there's a new startup accelerator in town today: MediaCamp, an entertainment-focused startup acceleration program backed by Turner Broadcasting, a division of Warner Bros. Entertainment. According to Warner Bros., its Media Ca...

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Wednesday, February 13, 2013

VoiVoda Funds Mobile Optimization Firm Leanplum

Glendale-based startup incubator, accelerator, and investment fund VoiVoda is one of the investors in mobile optimization firm Leanplum, Leanplum said today. Leanplum announced it raised $825,000 in an angel funding round, which came from T...

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Wednesday, February 13, 2013

Cylance, Headed by Foundstone Vet, Secures $15M

Cylance, a new security startup based in Irvine, said this morning that it has raised $15M in a funding round. The round came from Khosla Ventures and Fairhaven Capital. Cylance is headed by Stuart McClure, a former McAfee executive, and bo...

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Wednesday, February 13, 2013

DriveCam Gets Investment From Volvo

San Diego-based DriveCam, the developer of driver monitoring systems for commercial automobile fleets, said this morning that it has received a strategic investment from Volvo Group. Financial details of the investment were not announced. A...

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Wednesday, February 13, 2013

Verve Mobile Lands $14M From Qualcomm, Others

Verve Mobile, a developer of location-based, mobile advertising services, said today that it has raised $14M in a Series C funding. The firm--which has an office in Carlsbad, but is based in New York--said that Qualcomm and Nokia are new in...

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Wednesday, February 13, 2013

MomentFeed Confirms Funding

Location-based analytics company MomentFeed, which is in Los Angeles, has confirmed the details of its funding round, saying that the $1.8M raised by the firm earlier this month came from existing investors Gold Hill Capital, DFJ Frontier, ...

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Tuesday, February 12, 2013

RightScale Lands $15.6M More

Santa Barbara-based RightScale, the developer of cloud computing management software headed by Michael Crandell, has raised $15.6M in a new round of funding, according to a regulatory filing by the company. Details on the funding have not y...

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Tuesday, February 12, 2013

Aviir Snags $10M In Second Tranche Financing

Irvine-based Aviir, a developer of cardiovascular disease testing technology, said today that it has raised $10M in a second financing tranche, after meeting a revenue milestone. According to Aviir, the round was led by Merck Global Health ...

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Monday, February 11, 2013

Snapchat Raises $13.5M

Venice Beach-based Snapchat, the developer of a popular mobile application which lets users take "self destructing" mobile photos of themselves that they can send to friends, has raised $13.5M in a Series A funding, according to multiple re...

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Friday, February 8, 2013

Glaukos Gets $30M For Glaucoma Treatments

Laguna Hills-based Glaukos, which is developing a medical device for treating glaucoma, said this week that it has raised $30M in a funding round. The Series F funding was led by Meritech Capital Partners, and also included Versant Ventures...

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Thursday, February 7, 2013

Health Data Vision Lands $2.8M For Medical Records Software

Health Data Vision, a new startup based in Burbank, said this week that it has raised a Series A funding round, to go towards its software-as-a-service platform for medical records analysis. Size of the funding was not announced, however,...

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Thursday, February 7, 2013

MyTime Snags Funding For Appointment Service

MyTime, which operates an online service focused on online deals for appointment-focused businesses like chiropractors, personal trainers, housekeeping, and more, has raised a round of funding to expand its service beyond Los Angeles. The r...

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Thursday, February 7, 2013

Club W Gets $3.1M For Wine Subscriptions

Los Angeles-based Club W, the subscription wine club service out of the Amplify accelerator in Venice, disclosed today that it has raised $3.1M in a Series A funding round. The round came from Crosscut Ventures, Guild Capital, Siemer Ventur...

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Thursday, February 7, 2013

FreedomPop Fuels Up Free Broadband With $4.3M In More Funding

FreedomPop, the provider of free, broadband Internet services backed by the founders of Skype, has just fueled up with some additional capital, saying this morning that it has raised $4.3M in a Series A1 round. The funding came from exist...

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Wednesday, February 6, 2013

EcoATM Nabs $40M In Funding, Plans Major Expansion

EcoATM, the developer of those automated machines which lets you cash in your used phones, has some big plans--and some big money--as it plans to expand out its network of machines nationwide. EcoATM announced late Wednesday afternoon that ...

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Wednesday, February 6, 2013

Sotera Wireless Finds $14.8M For Wireless Medical Monitoring

Sotera Wireless, the developer of medical devices for wirelessly monitoring patients, has raised $14.8M in a funding round, the firm said this morning. The funding round came from Safeguard Scientifics, and also included Delphi Ventures, Sa...

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Tuesday, February 5, 2013

LaunchpadLA Application Deadline Nears, As Class Graduates

Interested in getting some help in getting your startup off the ground and funded? Launchpad LA, the Los Angeles startup accelerator program which is run by Sam Teller, and was founded by venture capitalist Mark Suster, is gearing up for ...

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Tuesday, February 5, 2013

Siemer Ventures Backs Ribbon

Los Angeles-based Siemer Ventures, the venture capital investor led by Eric Manlunas and David SIemer, has been one of the most active local investors lately--and is continuing that trend, with the investment in Ribbon. Ribbon, the develope...

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Tuesday, February 5, 2013

Tapiture Gets $825K

How do you capture the interest of male users, and not only capture their eyeballs--but drive some e-commerce revenues? In the case of Tapiture, you create a Pinterest-inspired, visual, social discovery service which surfaces photos of me...

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Tuesday, February 5, 2013

JMI Equity Backs WhiteHat Security

San Diego-based private equity investor JMI Equity has backed a developer of website security tools this morning. WhiteHat Security, which is based in Santa Clara, said this morning it raised $31M in a new funding round, which will go towar...

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Monday, February 4, 2013

Competition Heats Up For DogVacay, As Rover Gains Funds

DogVacay, the online peer-to-peer marketplace which helps pet owners find dog sitters, has been one of the favorites of local Los Angeles investors, having picked up funding from such firms as Science Inc., Andreessen Horowitz, Baroda Ventu...

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Monday, February 4, 2013

Legend3D Gains $8M For 3D Effects

Legend3D a developer of 3D visual effects and 3D conversion technology, announced this morning that it has raised $8M in a Series B funding round. The Carlsbad-based company said that the funding was led by Augustus Ventures Limited and Nor...

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Friday, February 1, 2013

Ellie Jumps Into Activewear With $2M In Funding

Science, Inc., the startup incubator headed by Mike Jones, has just tossed its ring into the another e-commerce category: women's activewear. Science just launched Ellie, a site which offers up clothing for activewear for women, via subscri...

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Friday, February 1, 2013

MomentFeed Raises $1.7M More

MomentFeed, the developer of location-based analytics software headed by Rob Reed, has raised $1.75M in new funding, according to a regulatory filing from the firm Thursday. Details on the funding have yet to be announced. Santa Monica-base...

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Thursday, January 31, 2013

Glow Digital Media Raises $1.3M, Sets Up Shop In LA

Glow Digital Media, a developer of a Facebook advertising platform, said Thursday that it has raised $1.3M in a seed funding round, and set up its U.S. headquarters in Los Angeles. The UK-based company did not disclose the source of the fun...

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Thursday, January 31, 2013

TakeLessons Scores $4M More For Finding Music Lessons

San Diego-based Take Lessons, an online marketplace which helps people find local teachers for music and singing lessons, disclosed today that it has raised $4M in a Series A follow on funding. The funding was led by Triangle Peak Partners,...

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Thursday, January 31, 2013

TruTouch Technologies Ups Series B-1 To $4.3M

Riverside, California- and Albuquerque, New Mexico-based TruTouch Technologies, which develops biometric, alcohol detection systems, said today that it has raised $4.3M in its Series B-1 funding round. The funding came from iTulip Community...

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Thursday, January 31, 2013

Ivantis Gets $27M For Glaucoma Treatments

Ivantis, an Irvine-based developer of treatments for glaucoma, said today that it has raised $27.0M in a Series B funding round. According to Ivantis, the round was led by Ascension Health Ventures, and also included prior investors New Ent...

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Tuesday, January 29, 2013

DB Networks Gets $4.5M For Database Security

DB Networks, a developer of a firewall specifically designed to counteract SQL injection and database denial of service attacks on websites and web applications, has raised $4.5M in a funding round. The San Diego company said it raised the ...

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Monday, January 28, 2013

ChaCha Aims At Los Angeles Office With New Funding

ChaCha, which operates an online, human-powered questions and answer site, said today that it is planning a new office in Los Angeles, after scoring $14.0M in a funding round. The service, which is headquartered in Carmel, Indiana, already ...

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Monday, January 28, 2013

Qualcomm Funds Video Conferencing Firm

San Diego-based Qualcomm is the lead investor in a developer of cloud-based, HD video conferencing services. Zoom Video Communications, which is based in Santa Clara, California, said this morning that it has raised a Series A financing rou...

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Friday, January 25, 2013

Hulu Revives All My Children, One Life to Live

Fans of the once-cancelled soap operas "All My Children" and "One Life To Live" have a good reason to cheer today, as Hulu, the streaming video service based in Los Angeles, said it would bring the two soap operas to the service. Hulu said ...

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Thursday, January 24, 2013

CircuitHub, With Roots At UCLA, Launches Hub For Hardware Designers

A new startup looking to revolutionize the sharing of information on electronic parts for hardware designers, CircuitHub, launched today, looking to bring an open source, collaborative community to the sharing of electronic part libraries. ...

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Thursday, January 24, 2013

Gobbler Gets $1.5M More

Los Angeles-based Gobbler, the cloud-based media backup, file sharing, and collaboration software provider run by Chris Kantrowitz, has raised $1.5M in a funding round, the firm said today. The funding came from celebrities Ryan Tedder (One...

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Wednesday, January 23, 2013

OneRoof Energy Lands $30M From South Korean Investor

San Diego-based OneRoof Energy, an operator of residential solar finance programs, said Wednesday that it has raised an additional $30M in a funding round. The round came from current investor Hanwha Group, which is based in South Korea. A...

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Wednesday, January 23, 2013

ParkMe Gets New Funding Round

ParkMe, the startup provider of parking information and data founded by Sam Friedman and Alex Israel, announced this morning that it has raised a new round of funding, from Angeleno Group, Fontinalis Partners and IDG Ventures. As part of th...

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Tuesday, January 22, 2013

Siemer Ventures Backs Optimal

Los Angeles-based investor Siemer Ventures has backed social media advertising and analytics firm Optimal, Optimal said Monday. San Francisco-based Optimal said it raised $7M in a Series B funding, which included DoubleRock, The Social Inte...

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Tuesday, January 22, 2013

Kareo Raises $20.5M For Medical Billing Software

Irvine-based Kareo has raised $20.5M in a Series F funding, led by Stripes Group and also including Western Technology Investment. Kareo develops software that provides medical office for small practices. The firm has previously raised fund...

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Tuesday, January 22, 2013

Atlas Powered Gets $700K

Los Angeles-based Atlas Powered, a developer of software for managing calendar, task, and contact data on iOS and Android, has raised $700,000 in a funding round, the firm said today. The round was led by the Tech Coast Angels, and also inc...

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Tuesday, January 22, 2013

What Lynda.com Plans With Its $103M Funding, with Eric Robison

Last week, Carpinteria-based Lynda.com announced one of the biggest investments in the region in the last few years--a $103M, growth equity investment in the company, which came from Accel Partners and Spectrum Equity. The firm operates a...

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Friday, January 18, 2013

Local Startups Draw Far And Wide For Funding In Q4

If you're a Southern California startup, it's most likely you're going to find funding from local, Southern California startup funds, right? Maybe not. According to data from the latest PricewaterhouseCoopers/NVCA MoneyTree report, the fund...

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Friday, January 18, 2013

Calacanis Backs 15Five

Jason Calacanis, the Los Angeles angel investor, podcast host, speaker, conference organizer, and CEO of Mahalo, is one of the angel investors in employee feedback firm 15Five. 15Five, a San Francisco company developing an online platform t...

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Friday, January 18, 2013

Venture Numbers From Dow Jones Also Show Big Investment Drop

In the second set of venture capital numbers released today, Dow Jones VentureSource has released its tabulation of Q4 2012 venture capital financings, reporting similar numbers to those from PricewaterhouseCoopers, the National Venture Cap...

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Friday, January 18, 2013

Southern California Venture Deals Hit $683.7M in Q4 2012

The latest numbers from the PricewaterhouseCoopers/National Venture Capital Association MoneyTree report were released today, finding that a total of $683.7M was invested across Southern California in Q4 of 2012. That total was less than ...

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Thursday, January 17, 2013

Telcentris Gets $5.3M

Telcentris, the San Diego-based developer of unified communications app VoxOx, has raised $5.3M in a funding round, the firm announced Thursday evening. The funding came from SBD Global Fund. TelCentris develops both consumer and enterprise...

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Thursday, January 17, 2013

TVC Capital Backs Levels Beyond

San Diego-based TVC Capital, the growth equity investor which specializes in software companies, is the lead investor in a round of funding for Levels Beyond, the two announced today. Levels Beyond said it raised $4.5M in a Series A from TV...

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Thursday, January 17, 2013

OpenX Gets $22.5M More For Online Advertising

Pasadena-based advertising technology firm OpenX has raised $22.5M more in a round of funding, the company announced today, via a Series E funding round. The firm, headed by Tim Cadogan, said this morning that the new funding brings its t...

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Thursday, January 17, 2013

NextSpace Gets 825K

NextSpace, the co-working space developer which has locations in Culver City and Venice, announced this morning that it has raised $825,000 more in a funding round, to go towards expansion in Northern California. NextSpace is one of a numbe...

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Wednesday, January 16, 2013

GRP Adds Sam Rosen As EIR

Los Angeles-based venture firm GRP Partners announced Wednesday that it has hired a new, entrepreneur-in-residence for the company, Sam Rosen, who was formerly the founder of SpeakerGram in New York City, was involved in 500Startups in San ...

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Wednesday, January 16, 2013

Avalon Ventures Backs LoopIt

San Diego-based venture investment fund Avalon Ventures has made a seed investment in a developer of a social shopping service, LoopIt, according to the companies. Size of the funding was not announced. LoopIt is based in Cambridge, Mass., ...

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Wednesday, January 16, 2013

Redpoint Ventures Closes $400M Fund

Venture capital fund Redpoint Ventures, which has an outpost in Los Angeles, has some new cash in the bank, after announcing $400M in a new fund today, Redpoint V. The firm--which has investments in such local companies as Gravity, Chill, S...

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Wednesday, January 16, 2013

Siemer Ventures Gets First Exit, At CloudTrigger

Santa Monica-based Siemer Ventures, the venture investing arm of investment banking firm Siemer & Associates, reported yesterday that it saw the first exit in its portfolio recently, with the sale of company CloudTrigger. The fund also repo...

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Wednesday, January 16, 2013

PICS Auditing Lands $35M

PICS Auditing, a software-as-a-service developer which provides contractor screening and credentialing software, has raised $35M in a funding round, the firm sai dtoday. The minority funding came from Norwest Venture Partners. PICS said the...

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Wednesday, January 16, 2013

Lynda.com's Growth Trajectory: Revenues Doubled In Last 3 Years

The massive, $103M funding round for Carpinteria-based Lynda.com might have been a surprise for some, except perhaps readers of this publication, who over the years have gotten a glimpse of the growth rate of the company in recent years. ...

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Wednesday, January 16, 2013

MuckerLab Unveiling New Startup Class Today

MuckerLab, the Los Angeles startup accelerator headed by Erik Rannala, is presenting its newest startup class today in a Demo Day. The accelerator said that the demo day is a culmination of its latest three month program, which included ten...

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Wednesday, January 16, 2013

Lynda.com Inks Massive, $103M Funding Round

Lynda.com, the online video education provider which has been one of the region's most successful, bootstrapped companies--is no longer bootstrapped, after inking a massive, $103M growth equity round. Lynda.com said today that it has raised...

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Wednesday, January 16, 2013

ChowNow Raises $3M For Mobile Food Orders

ChowNow, a startup which provides social, mobile, and web-based online ordering for restaurants, said this morning that it has raised $3M in a Series A funding. The funding was led by GRP Partners, and also included Double M Capital, Daher ...

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Monday, January 14, 2013

NantHealth Raises $6.1M

NantHealth, the advanced, next-generation healthcare services startup which is part of NantWorks, the startup incubation effort of billionaire Dr. Patrick Soon-Shiong, has raised $6.1M in a funding round, according to a regulatory filing by...

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Monday, January 14, 2013

DFJ Frontier, Anthem Boost Janrain

Two local venture capital funds here in Southern California have backed Janrain, a developer of user management software tools used by websites to better manage registration and site visitors. According to Janrain, it has raised $33M in fun...

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Monday, January 14, 2013

Convertro Lands $5M For Ad Targeting

Convertro, the online advertising targeting and optimization technology developer headed by serial entrepreneur Jeff Zwelling, has raised $5M in a Series B funding round, the company said this morning. The firm said the funding came from Be...

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Monday, January 14, 2013

Tongal Raises $15M For Crowdsourced Video

Los Angeles-based Tongal, an online platform which helps brands crowdsource video for their advertising, said this morning that it has raised $15M in a Series B funding. The funding came from Insight Venture Partners. Tongal, which was foun...

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Thursday, January 10, 2013

Competition Gets Fierce For ParkMe, As Streetline Finds Funding

It looks like competition is heating up in the smart parking market--and for local parking technology firm Parkme, which is based in Santa Monica--as yet another company announced Thursday more funding for giving consumers real-time informa...

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Thursday, January 10, 2013

Beats Electronics Steals Topspin's Ian Rogers For New Music Service

Santa Monica-based Beats Electronics, the headphone and audio equipment maker co-founded by Dr. Dre and Interscope Geffen's Jimmy Iovine, has snagged high profile CEO Ian Rogers away from Topspin Media. Beats said today that it has named Ia...

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Thursday, January 10, 2013

YieldMetrics Harvests $1.7M For Ad Analytics

Online advertising firm YieldMetrics said Thursday morning that it has raised $1.7M in funding, which was led by GRP Partners, and also included Baroda Ventures, Bertelsmann Digital Media Investments, Daher Capital, Double M Capital, Karlin...

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Thursday, January 10, 2013

Sorteo Games Gets Investment

San Diego-based Sorteo Games, which develops electronic lottery systems and services, said this morning that it has received an investment round from Carolwood Games, an affiliate of Brener Group. Size of the funding was not disclosed. Bren...

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Tuesday, January 8, 2013

Auction.com Raises $91.7M (Update)

Irvine-based Auction.com, an online real estate marketplace focused on foreclosure sales and bank owned homes, has raised $91.7M in a private equity funding, according to a regulatory filing by the firm. The filing indicates the capital cam...

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Monday, January 7, 2013

Biotech Startup Licenses Technology From UCSD, Raises $18M

A new, biotech startup focused on delivery of nucleic acid therapeutics, Solstice Biologics, said last week that it has licensed technology developed at UC San Diego, and received $18M in a Series A funding. Solstice, which is based in San ...

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Monday, January 7, 2013

HeyZap Raises $4.3M From Qualcomm, Others

HeyZap, the developer of mobile applications used to connect people with social games and each other, has scored an investment from Qualcomm Ventures. According to a regulatory filing and multiple sources, HeyZap raised $4.3M in a funding r...

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Monday, January 7, 2013

PatientSafe Solutions Lands $20M

San Diego-based PatientSafe Solutions, a developer of mobile platforms used for running healthcare operations and accessing patient data, said today that it has raised $20M in a Series C funding round. The round was led by Merck Global Heal...

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Friday, January 4, 2013

LaunchpadLA Opens Spring Applications, Bumps Investment Dollars

Santa Monica-based startup accelerator LaunchpadLA has just opened up its spring 2013 class applications, and bumped the amount it invests in startups. The accelerator--run by Sam Teller--is one of a crop of startup accelerators which have ...

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Thursday, January 3, 2013

SolarFlare Raises $22M More

SolarFlare, the developer of high speed networking devices, has raised a new, big $22.0M funding round, according to a regulatory filing from the firm. According to the filing, the firm has raised $22.0M out of an ongoing $23.8M funding rou...

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Thursday, January 3, 2013

Cooley Attorneys Setting Up Venture Fund

Silicon Valley law firm Cooley LLP made some big waves in July with an expansion into "Silicon Beach" and a new office in Santa Monica. Today, a report says that a number of the firm's attorneys have created a new startup investment fund, t...

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Thursday, January 3, 2013

BioSurplus Gets $1.75M In Debt Financing

San Diego-based BioSurplus, a supplier of pre-owned scientific instruments and equipment, has raised $1.75M in a debt financing. The debt financing was announced over the holidays, and came from Square 1 Bank. Terms of the debt were not ann...

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Wednesday, January 2, 2013

Ignyta Lands $6M For Personalized Medicine

San Diego-based Ignyta has raised $6M in a Series B funding, the firm said over the holidays. The firm said the funding included $5.5M in a Series B equity funding and $500,000 in a capital term loan from Silicon Valley Bank. The first clos...

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Wednesday, January 2, 2013

Angel5 Highlights Top Angel Investors

If you're a startup, one of the popular ways to reach out to angel investors is through the site AngelList. However, it's often difficult to sort through the many angel investors and others on the site in a useful way. To solve that, Southe...

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Wednesday, January 2, 2013

Independa Raises $5M In Series A

San Diego-based Independa, the developer of electronics products and software to help seniors live independently longer, has raised $5M in its Series A funding round, the firm announced this morning. The firm said the funding came from City...

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Friday, December 28, 2012

What Mattered in 2012: Marc Averitt, Okapi Venture Capital

For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's high tech community. We asked the same four questions of a variety of top technology entrepreneurs, inv...

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Thursday, December 27, 2012

Qualcomm Backs goBalto For Clinical Trials Software

San Diego-based Qualcomm Ventures, the venture capital arm of Qualcomm, has backed goBalto, a developer of clinical trial workflow software. goBalto said it raised $12M in a Series B funding, which was led by Singapore Economic Development ...

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Thursday, December 27, 2012

AwarePoint Receives $4.0M In Funding

San Diego-based AwarePoint has raised $4.0M, part of an ongoing, $10.4M funding round, according to a regulatory filing by the firm. The filing indicates the round is a convertible round for the company, and includes JAFCO Technology Partne...

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Friday, December 21, 2012

Sightly Sees $5.6M For Local Business Video

Temecula-based Sightly, a startup which helps local business create and market themselves with online video, said Friday that it has raised $5.6M in a funding round. The funding was led by Bright Capital Digital, and also included Foresight...

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Thursday, December 20, 2012

GoPro Gets $200M From FoxConn

GoPro, the maker of the very popular line of action sports cameras, has just received $200M from Apple iPod manufacturer FoxConn (Hon Hai Precision Industry Co., Ltd.), in a deal that values GoPro at $2.25 billion. GoPro--which has operatio...

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Thursday, December 20, 2012

Maker Studios Lands $36M More For YouTube Content

Culver City-based Maker Studios, which develops YouTube channels and content, said today that it has raised $36M in a funding round. The investment was led by Time Warner Investments, and also included Greycroft Partners, Downey Ventures (R...

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Thursday, December 20, 2012

MEI Pharma Gets $27.5M In PIPE

San Diego-based MEI Pharma, a publicly traded developer of oncology drugs, said today that it has completed a $27.5M private placement. The new funding was led by Vivo Ventures and New Leaf Venture Partners. MEI Pharma said the new funding ...

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Thursday, December 20, 2012

ACADIA Pharmaceuticals Get Research Funding

ACADIA Pharmaceuticals, which is developing treatments for central nervous system and neurological disease, said this morning that it has received funding from Fast Forward LLC, a nonprofit established by the National Multiple Sclerosis Soc...

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Wednesday, December 19, 2012

Domain Associates, Rusnano Boost Three Firms By $93M

San Diego-based venture capital firm Domain Associates and its Russian partner, Rusnano, have put part of their $760M, late stage investment fund to work, investing a total of $93M in funding in three portfolio companies of Domain. The two ...

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Wednesday, December 19, 2012

Tubular Labs Finds $2.5M More

Tubular Labs, the developer of analytics tools for YouTube networks--which is backed by a significant number of Los Angeles angel investors--has added another, $2.5M to its warchest in a new funding. The firm--which was seeded by Allen DeBe...

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Wednesday, December 19, 2012

Newport Media Gets $10M In Venture Debt

Lake Forest-based Newport Media, a developer of wireless semiconductors for the broadcast media industry, has received $10M in a venture loan, according to the firms providing the financing. The loan came from Horizon Technology Finance Cor...

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Tuesday, December 18, 2012

Tapiture Raises $450,000

Venice-based Tapiture, an online, male-focused site which bills itself a "Pinterest for Men", has raised $450,000 in what looks like a convertible debt funding. The funding came via an SEC filing. Tapiture has not yet announced the funding,...

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Friday, December 14, 2012

Helinet Aviation Buys Shotover, Gets Funding

Helinet, a provider of flight services to the entertainment, media, and other industries which is based in Van Nuys, said Thursday that it has acquired Shotover Camera Systems, a developer of a gyro-stablized, camera systems used for shooti...

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Wednesday, December 12, 2012

EvoNexus Opens Up New Applications For Incubator

EvoNexus, the San Diego-based startup incubator, has opened up application for its next program, with a deadline of January 23rd. EvoNexus, which is run by CommNexus, said it will provide fully furnished open space, mentorship, and access t...

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Wednesday, December 12, 2012

MiTu Network Finds Funding For Latino YouTube Network

MiTu, a Los Angeles-based YouTube network focused on Latino content, said today that it has closed a round of funding. The funding was led by The Chernin Group, and also included Allen DeBevoise of Machinima, Juan Cristobal Ferrer of Ferrer...

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Wednesday, December 12, 2012

ACADIA Pharmaceuticals Gets $86.4M In PIPE

San Diego-based biopharmaceuticals firm ACADIA Pharmaceuticals said today that it has raised $86.4M in a private placement. Source of the new funding was not announced. The firm said the new funds will go towards completing its Phase III pr...

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Wednesday, December 12, 2012

Enevate Gets $24M For Battery Technology

Irvine-based Enevate, a developer of rechargeable lithium ion batteries, has raised $24M in a Series B funding, the company said this morning. The round came from CEC Capital, Tsing Capital, and Presidio Ventures, along with prior investors...

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Tuesday, December 11, 2012

Farmigo Eyes LA Next With $8M For Local Food

Farmigo, a startup developing an online marketplace connecting local farmers with consumers, said Tuesday that it has raised $8M in a Series B funding, and is eyeing Los Angeles as one of its next markets. The startup--based in Palo Alto--d...

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Tuesday, December 11, 2012

One King's Lane Raises $50M

Online home furnishing retailer One King's Lane said today that it has raised $50M in a new funding, which brings its total raised to $117M. The e-commerce and flash sales operator--which has an office in Los Angeles--said the funding was l...

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Tuesday, December 11, 2012

SV Angel's David Lee Heads To LA

Yet another, Silicon Valley venture capitalist is headed to Los Angeles--this time, David Lee, co-founder and managing partner of prolific angel investment fund SV Angel. The move--first reported by PandoDaily's Sarah Lacy--apparently comes...

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Thursday, December 6, 2012

Avelas Biosciences Gains $7.65M For Tumor Visualization

San Diego-based Avelas Biosciences has raised $7.65M in a Series A funding round, which it says will go towards clinical studies for its technology for real-time tumor visualization. The funding came from Avalon Ventures. Avelas is developi...

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Thursday, December 6, 2012

Biomatrica Raises $5M

San Diego-based Biomatrica, a developer of technology for stabilizing DNA, RNA, and protein samples, has raised $5M in a funding round, the firm said today. Source of the new funding was not announced. Biomatrica develops ambient temperatur...

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Wednesday, December 5, 2012

LA's Ninjathat Exits Philly's Dreamit Ventures

One of the most recently graduates of the DreamIt Ventures accelerator in Philadelphia--which is holding its Demo Day today--is none other than Los Angeles company NinjaThat. The startup operates an online marketplace that allows businesses...

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Tuesday, December 4, 2012

Insights and Opinions: 5 "Don'ts" for Raising Startup Funds

What are some of the things you ought to avoid when raising money for your startup? David Ehrenberg or Early Growth Financial Services shares some in this article for our Insights and Opinions section this afternoon. Of course there ...

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Tuesday, December 4, 2012

Cleantech Investor SAIL Capital Adds EPA Expert

Irvine-based clean technology investor SAIL Capital has added a former US Environmental Protection Agency expert to its advisory board. SAIL said it has added Paul Anastas, Ph.D., the former Assistant Administrator of the US Environmental...

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Tuesday, December 4, 2012

Venture Backed Restaurant,The Melt, Expands Into LA

How often do you run into a top tier, Silicon Valley-backed grilled cheese sandwich shop in LA? Well, visitors to Hollywood's Sunset and Vine are about to see just that, with the expansion of The Melt, a Silicon Valley, venture-backed grill...

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Tuesday, December 4, 2012

ServiceNow's Slootman Backs ScaleIO

Frank Slootman, the CEO of San Diego's ServiceNow, has made an investment in a developer of data storage products. According to ScaleIO, a Palo Alto developer of software-defined storage products, it raised $12M in a funding round, which ca...

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Tuesday, December 4, 2012

Shopatron Gets $4M In Venture Debt Funding

Shopatron, the San Luis Obispo-based e-commerce software and services firm headed by Ed Stevens, has just scored $4M in a venture debt financing, according to venture debt fund Multiplier Capital. According to Multiplier, the funding will g...

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Friday, November 30, 2012

Calacanis Backs Red Tricycle

Prolific angel investor Jason Calacanis has backed the operator of an online service which provides parents with information about local activities, restaurants, stores, and more, Red Tricycle. Red Tricycle, which is based in Seattle, said ...

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Friday, November 30, 2012

Clearlight Partners Raises $300M Private Equity Fund

Newport Beach-based private equity investor Clearlight Partners has raised $300M in a new fund, Clearlight Partners III, according to a regulatory filing from the firm this week. The firm invests in mid-market, profitable companies. Clearli...

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Thursday, November 29, 2012

TranscribeMe Gets Funding From TCA, Maverick, Keiretsu

Three active angel investment groups--The Tech Coast Angels, the largest and most active angel investment group in Southern California; Maverick Angels, and Keiretsu Forum, have backed a developer of transcription services, TranscribeMe. Tr...

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Thursday, November 29, 2012

Qualcomm Backs Macheen

San Diego-based wireless technology giant Qualcomm has made a strategic investment in Macheen, a provider of services and technology to provide always-on, connected devices. Financial details of that strategic investment were not disclosed....

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Thursday, November 29, 2012

CardiAQ Gets $37.3M For Heart Valve Replacement

Irvine-based CardiAQ, which is developing medical devices used in percutaneous mitral heart valve replacement, said this morning that it has raised $37.3M in a Series B funding round. The funding was led by Orbimed, and also included Versa...

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Thursday, November 29, 2012

CapLinked Raises New Funding

CapLinked, the Los Angeles, cloud-based financial software firm founded by Eric M. Jackson and Christopher Grey, announced this morning that it has scored a new, Series A funding round, worth $1.6M. The firm said the funding brings its tota...

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Tuesday, November 27, 2012

AnyMeeting Hits 250,000 Users, Adds Funding

Web conferencing serivce AnyMeeting said today that it has reached over 250,000 registered users for its service, which is aimed at small businesses, and also added additional funding. The firm, which is based in Huntington Beach, said that...

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Tuesday, November 27, 2012

Fresh Dish Launches Dinner Delivery Service, Backed by Science

Don't know what to make for dinner? The latest startup out of Santa Monica-based technology incubator Science, Inc., Fresh Dish, launched this morning, saying that it will solve that problem, by providing meal delivery service to families e...

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Monday, November 26, 2012

Greycroft Partners Raises $175M For Third Venture Fund

One of the more active venture capital firms in Los Angeles, Greycroft Partners, said today that it has closed a $175M, third fund, Greycroft III. The venture firm said its LPs include JP Morgan, BlackRock Private Equity Partners, Fairview ...

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Friday, November 23, 2012

RingRevenue Gets $3.25M For Call Marketing Automation

Santa Barbara-based RingRevenue, which develops call marketing automation technology, said Wednesday that it has raised $3.25M in a funding round. The round was led by GRP Partners and Rincon Venture Partners. RingReveue said the new fundin...

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Tuesday, November 20, 2012

New Fund Targets Celebrities, Hollywood

It seems like combining Hollywood and venture capital is the rage in Silicon Valley this week, as news came Tuesday of a new, seed-stage venture capital fund--run by former Mashable blogger Ben Parr--looking to raise money from Hollywood ce...

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Tuesday, November 20, 2012

Silicon Valley Investor Lowercase Capital Names LA Chief

The latest, Silicon Valley venture capital investor trying to get into the Los Angeles technology market, Lowercase Capital, has decided to tap a former Creative Artist Agency executive to head up its efforts here. Lowercase Capital disclos...

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Tuesday, November 20, 2012

Cap That Turns Photos, Videos Into Products, Gets $2.3M

A new, Los Angeles startup is looking to help users take those videos on Viddy, as well as photos they've taken and shared on Instagram--and turn those into products such as t-shirts, decals, mugs, wall art, and more. Cap That said it just ...

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Tuesday, November 20, 2012

MabVax Raises $5.25M

San Diego-based MabVax Therapeutics, a developer of immunotherapies aimed at preventing recurrent cancer, said today that it has raised $5.25M in a funding round. The round was led by Numoda Capital Innovation, and also included Burrill Cap...

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Monday, November 19, 2012

Report: MySpace Raising $50M For Music Domination

A report this morning from Business Insider says that Irvine-based Specific Media, the parent company of MySpace, is seeking to raised $50M to turn MySpace into a "Spotify killer". The report says that Specific Media is hoping to re-launch ...

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Friday, November 16, 2012

ArtKive Raises $500K

The Kive Co., the mobile applications developer behind ARTKIVE, an app which helps parents save their kids' artwork, and turn that art into photo books or keepsakes, has raised $500,000 in a funding round, according to the company. The fund...

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Thursday, November 15, 2012

Chromatik Gets $1M To Modernize Sheet Music

Los Angeles-based Chromatik, a developer of iPad applications which replace traditional sheet music for musicians, has raised $1M in a funding round, the firm disclosed today. The funding came from musician Bruno Mars, Jeff Ayeroff of Virgi...

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Thursday, November 15, 2012

Postcard on the Run Broadens Focus, Forms On The Run Tech

Los Angeles-based Postcard on the Run, the mobile app developer founded by Josh Brooks, is broadening its focus today, saying it has formed a new, parent company called On The Run Tech. The company said the new company will specialize in bu...

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Thursday, November 15, 2012

Urban Remedy Raises $1M From Science Inc.

Urban Remedy, a new startup focused on delivering healthy juices, meal replacements, and snacks to consumers, has raised $1M in a funding round, the firm said today. The startup said the funding came from Santa Monica-based Science Inc., t...

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Wednesday, November 14, 2012

Base79 Gets Funding From The Chernin Group

Los Angeles investment firm The Chernin Group, the media holding and investment group founded by Peter Chernin, has made an investment in European online video company Base79. According to Base79, the strategic equity investment included bo...

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Wednesday, November 14, 2012

SolarReserve Raises $586M For South African Projects

Santa Monica-based solar energy project developer SolarReserve has raised $586M in a combination of equity and debt, for two South African projects, according to reports today. The funding came from FirstRank Bank Ltd, with equity from Kens...

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Tuesday, November 13, 2012

DogVacay Lands $6M In Series A

DogVacay, the online marketplace which lets pet owners connect with others to find dog boarding, has raised $6M in a Series A round, the firm announced this morning. The funding came from Benchmark Capital, and comes on top of earlier, seed...

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Tuesday, November 13, 2012

Consumer Brands Finds Funding

Aliso Viejo-based Consumer Brands, a company that acquires domain assets and brands and develops them as individual properties, said today that it has scored a "multi-million" dollar financing. The funding came from Black Diamond Ventures. ...

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Tuesday, November 13, 2012

Epic Sciences Gets $13M For Cancer Diagnostics

San Diego-based Epic Sciences, a firm developing cancer diagnostics technology, announced today that it has raised $13M in a Series B equity round. The round came from Domain Associates, Roche Venture Fund, and Pfizer Venture Investments, a...

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Monday, November 12, 2012

Insights and Opinions: A Primer On Anti-Dilution

For our Insights and Opinions section on a quiet holiday Monday, we're featuring some background on the concepts behind anti-dilution and how it's used by venture capital firms in fundings. This piece comes from Louis Wharton, Partner wit...

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Friday, November 9, 2012

The Chernin Group Gets Strategic Investment

Los Angeles-based The Chernin Group, the media holding company and investor led by Peter Chernin, said Thursday afternoon that it has received a "significant" equity investment from Qatar Holding LLC. Size of that investment was not disclos...

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Thursday, November 8, 2012

Silicon Valley VC's New LPs: Hollywood?

Looking for some funding for your new Menlo Park venture capital fund? Apparently, according to Variety, that source is increasingly Hollywood, and its stars and executives. In an article talking about where Hollywood's elite is putting its...

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Thursday, November 8, 2012

Munchery Takes On Pop-Up Pantry, Plans LA Expansion

A Silicon Valley startup is looking to take on Pop Up Pantry in its home market of Los Angeles, saying today that it has raised a funding round which will go towards expanding in Los Angeles, as well as Seattle and New York City. Munchery, ...

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Thursday, November 8, 2012

TVC Capital Backs Wellness Software Firm

San Diego's TVC Capital has made another investment in a growing software firm, this time in Washington State. Limeade, a developer of software-as-a-service tools to manage employee wellness programs, said today that it has raised $5M in a ...

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Thursday, November 8, 2012

Transonic Combustion Takes $32M For Fuel Injection Technology

Camarillo-based Transonic Combustion, which is developing high efficiency, fuel injection systems for internal combustion engines, said today that it has raised $32M in a Series D funding round. The firm said the round will go towards expan...

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Thursday, November 8, 2012

NuORDER Nabs $3M For Fashion E-Commerce

NuORDER, a developer of e-commerce software for fashion brands and retailers, has scored a round of funding led by GRP Partners, the company said this morning. The Los Angeles software provider said the $3M, Series A financing round was led...

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Thursday, November 8, 2012

Genoa Pharmaceuticals Finds $1.2M

San Diego-based biotechnology company Genoa Pharma announced this morning that it has raised $1.2M in a finacing round, to help advance its treatments for Idiopathic Pulmonary Fibrosis (IPF). Source of the seed funding was not announced. IP...

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Thursday, November 8, 2012

Auspex Pharmaceuticals Raises $25M For Phase 3 Trials

San Diego-based Auspex Pharmaceuticals announced this morning that it has raised $25M in a funding round, a Series D financing for the company. The round was led by Panorama Capital, and also included Thomas, McNerney & Partners, CMEA Capit...

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Thursday, November 8, 2012

Qualcomm Labs Unveils First Incubator Companies

Qualcomm Labs, the incubator subsidiary of Qualcomm Technologies, has announced the first set of companies funded through its new QualcommLabs@EvoNexus program today, saying that it has funded three companies with a round of seed funding. Q...

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Tuesday, November 6, 2012

BUMP Network Raises $2.3M

San Diego-based BUMP Network, a developer of online software used by membership programs to manage registrations and partnership programs, has raised $2.3M in a funding round, the firm said today. The funding round came from Eric Schmidt vi...

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Tuesday, November 6, 2012

Ambit Biosciences Gets $25M Tranche

San Diego-based Ambit Biosciences announced this morning that it has raised $25M in the first tranche of a $50M preferred stock financing. The round will go towards supporting its lead drug candidate. The round was led by Orbimed Advisors, ...

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Monday, November 5, 2012

RingRevenue Raises $3.25M

Santa Barbara-based RingRevenue has raised $3.25M in a Series B-2 funding round, according to a regulatory filing by the firm Monday. The company--which provides call tracking technology for the affiliate marketing industry--said in the fil...

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Monday, November 5, 2012

mSIGNIA Looks To Secure Mobile Devices

mSIGNIA, a developer of mobile security tools, has quietly been funded by the Tech Coast Angels and Gold Hill Capital, it was revealed by the TCA last week. mSIGNIA, which is based in Irvine, apparently islooking to help manage the identity...

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Friday, November 2, 2012

Nanoogo Gets Funding To Spur Creativity In Kids

Nanoogo, an online service focused on helping encourage creativity in kids, has scored a round of angel funding from the Tech Coast Angels, according to a report today from the group. Size and timing of the round was not announced. Nanoogo ...

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Friday, November 2, 2012

Tech Coast Angels Top Angel Group Investments In First Half

The Tech Coast Angels was the most active group in the first half of the year, in terms of investments, the group said Friday, citing a the HALO Report from Silicon Valley Bank, Angel Resource Institute and CB Insights. The Tech Coast Angel...

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Friday, November 2, 2012

Lowercase Capital Boots Up New LA Investment Fund

Another, Silicon Valley investor--Chris Sacca--has his eyes on investments in Los Angeles, saying that his super angel fund, Lowercase Capital, has just hired a full time director in Los Angeles to make investments in local startups. The ne...

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Thursday, November 1, 2012

Club W Doubles Down On Accelerators With Investment From 500Startups

Club W, the personalized wine subscription service at AmplifyLA, has doubled down with accelerators, and is part of a new class of startups announced by 500Startups earlier this week. 500Startups said that ClubW--founded by Xander Oxman, Ma...

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Thursday, November 1, 2012

Atara Biotherapeutics Gets Funding From Amgen, KPCB

Thousand Oaks-based Amgen and venture firm Kleiner Perkins Caufield & Byers have put their backing behind a new, Westlake Village based drug development firm, Atara Biotherapeutics, in an unusual spinout of technology from the biotech giant...

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Thursday, November 1, 2012

MINDBODY Raises $35M

San Luis Obispo-based MINDBODY has raised a big, $35M venture capital round this morning, led by Institutional Venture Partners (IVP), along with Catalyst Investors (Catalyst) and Bessemer Venture Partners (BVP). MINDBODY provides online, s...

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Thursday, November 1, 2012

Dollar Shave Club Gets $9.8M For Subscription Razor Service

Dollar Shave Club, the subscription razor delivery service headed by Michael Dubin, has raised $9.8M in a Series A funding. The round was led by Venrock, and also included Kleiner Perkins Caufield & Byers, Forerunner Ventures, Andreessen Ho...

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Wednesday, October 31, 2012

GRP Partners Hits $148.6M In New Fund, GRP IV

GRP Partners, the venture capital firm managed by Steven Dietz, Brian McLoughlin, Yves Sisteron, and Mark Suster, seems to be making good progress on its newest fund, GRP IV, according to a regulatory filing from the firm filed Wednesday. T...

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Wednesday, October 31, 2012

Insights and Opinions: Storytelling and Startup Fundraising

You've got your elevator pitch, but how much are you really engaging potential investors? For our Insights and Opinions section this morning, Steve Reich tells why it's as important to tell the whole story of your startup to close the deal ...

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Wednesday, October 31, 2012

Thesan Pharmaceuticals Raises $16M

San Diego-based Thesan Pharmaceuticals said today that it has raised $16M in a Series A round, for the firm's developing of treatments for dermatological disorders. The firm said the funding was co-led by Novo Ventures and Novartis Venture ...

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Tuesday, October 30, 2012

Rexter Finds Funding To Help Professionals Manage Relationships

A new, Altadena-based startup, Rexter, has scored some funding to help it build its software algorithms and tools to help manage a user's professional relationships. The company--co-founded by Andy Wilson (Momentum Venture Partners, Yahoo) ...

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Monday, October 29, 2012

Red 5 Studios Lands $15M More

Aliso Viejo-based videogame developer Red 5 Studios has just raised $15M in a debt funding round, according to a regulatory filing by the company. Details on the funding have not yet been announced by the company. Red 5 develops massively m...

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Monday, October 29, 2012

The Resumator Gets $2.1M From Rincon

Rincon Venture Partners, the Santa Barbara-based venture capital fund run by Jim Andelman, John Greathouse, and Brian Kelly, has led the investment in a developer of social recruiting software tools for companies, The Resumator. According t...

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Wednesday, October 24, 2012

Health Essentials Gets Backing From Bessemer, SV Life Sciences

Santa Ana-based Health Essentials, a provider of post-acute care for the frail and elderly, has scored a round of growth capital from two Silicon Valley venture investors. Health Essentials said it raised a round of funding from SV Life Sci...

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Wednesday, October 24, 2012

NantHealth Gets Funding From Verizon

Los Angeles-based NanHealth, the subsidiary of NantWorks, the incubator of LA billionaire Dr. Patrick Soon-Shiong, has scored an investment from Verizon Investments, the investment arm of Verizon Communications. Size of the funding was not ...

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Wednesday, October 24, 2012

Laffster Lands $750K

Venice, California-based comedy startup Laffster said this morning that it has raised $750,000 in a funding round, which came from Greylock Partners, Howard Lindzon, Adam Nash (LinkedIn), Chris Williams (Maker Studios), Samer Hamadeh (Vault...

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Wednesday, October 24, 2012

Report: Cool Planet Seeking $100M For Biofuel Plant

What's behind that report this morning by Cool Planet Energy Systems and progress on its ability to produce $1.50 per gallon gasoline from biofuels? According to a report from GigaOm this morning, an effort to raise $100M to build out its f...

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Wednesday, October 24, 2012

Tradesy Takes On Women's Clothing Resale, Gets $1.5M in Funding

Tradesy, a new website and mobile app developed by Recycled Bride's Tracy DiNunzio, is launching Wednesday, with $1.5M in funding from Rincon Venture Partners, 500 Startups, Dany Levy (DailyCandy), Daher Capital, Bee Partners, Double M Capi...

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Tuesday, October 23, 2012

Independa Gets $1M In Angel Funding

San Diego-based Independa, the provider of technology which helps to connect and remotely monitor seniors, to help them live independently longer, has raised $1M in an angel funding round. The funding was first publicly disclosed in a regul...

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Tuesday, October 23, 2012

TX Zhuo Talks About LA's Newest Venture Fund, Karlin Ventures

One of the biggest complaints that local entrepreneurs have with Los Angeles has been a dearth of local sources of venture capital. However, the recent surge in startup activity has attracted a lot more capital into the area, including a ...

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Friday, October 19, 2012

Hulu Investor Gets Big Gain As It Sells Stake Back To Hulu

Private equity firm Providence Equity Partners has sold its 10 percent stake in Hulu, the firm said Friday morning, getting a nice return on its investment in the online video streaming site. Providence Equity Partners had invested $100M in...

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Friday, October 19, 2012

Southern California Firms Get $694M In Q3 2012 Venture Funding

The latest numbers from the PricewaterhouseCoopers/National Venture Capital Association MoneyTree report finds that companies here in Southern California raised $695.4M in funding in Q3, up in terms of dollars from Q3 of last year, when $...

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Thursday, October 18, 2012

Qualcomm Keeps The Faith With Validity Sensors Investment

Qualcomm Ventures, the venture capital arm of Qualcomm, is keeping the faith in one of its portfolio companies, Validity Sensors, a developer of fingerprint sensors for the PC, mobile, and tablet market. Qualcomm was one of the return inves...

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Thursday, October 18, 2012

Avalon Ventures Backs Selectable Media

San Diego-based venture investor Avalon Ventures has backed a developer of video advertising products, Selectable Media, to the tune of $2M. Selectable Media, which is based in New York, lets users opt into branded video advertising in exch...

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Thursday, October 18, 2012

Cebix Gains $30.9M For Diabetes Treatments

La Jolla-based Cebix, a biopharmaceutcials company that is developing treatments for complications due to diabetes, said this week that it has raised $30.9M in a Series B investment round. The funding came from its existing investors, which...

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Thursday, October 18, 2012

Burner Lands Angel Round

Ad Hoc Labs, the developer behind the Burner mobile app, has just scored a round of angel funding. Size of the round was not disclosed. Burner is a mobile app which allows users to create disposable phone numbers, which they can hand out to...

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Tuesday, October 16, 2012

textPlus Lands $18M, Buys Jarvus

textPlus, the maker of the popular texting application by the same name, said today that it has raised $18M in a new funding round, led by The Raine Group. Prior investors Kleiner Perkins Caufield Byers, Matrix Partners and GRP Partners als...

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Tuesday, October 16, 2012

Patagonia Invests In AeonClad Coatings

Ventura, California-based outdoor clothing manufacturer Patagonia said Monday that it has made an investment in Teas-based AeonClad Coatings, a developer of water-repellent coatings and other specialty coatings technology. Financial details...

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Monday, October 15, 2012

Rustic Canyon Re-Ups On UrbanSitter

An online marketplace for babysitters, UrbanSitter has just scored new funding Los Angeles-based venture investor Rustic Canyon Partners, as part of a Series A funding, UrbanSitter said this morning. UrbanSitter said it raised $6M in a Seri...

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Monday, October 15, 2012

Lettuce Gets $2.1M In Seed Round

Lettuce, a developer of software to help manage order capture, inventory, and accounting for online businesses, has raised $2.1M in a seed funding round. Funding for the Santa Monica company came from Crosscut Ventures, 500 Startups, Launch...

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Thursday, October 11, 2012

RightCare Solutions Gets Funding From Domain Associates

San Diego-based healthcare investor Domain Associates has made an investment in a Philadelphia provider of hospital discharge planning and readmission management software this week, RightCare Solutions. RightCare said it has raised $1.72M ...

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Wednesday, October 10, 2012

New World Leads Big Investment In Data Center Technology Developer

New World Ventures, the venture capital arm of The Pritzker Group, is the lead investor in a big, $90M funding round for a developer of data center technology and services. Phoenix-based IO, which develops modular data center technology, sa...

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Wednesday, October 10, 2012

New World Leads Big Investment In Data Center Technology Developer

New World Ventures, the venture capital arm of The Pritzker Group, is the lead investor in a big, $90M funding round for a developer of data center technology and services. Phoenix-based IO, which develops modular data center technology, sa...

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Tuesday, October 9, 2012

LoneStar Heart Gets $20M For Heart Therapy

Laguna Hills-based LoneStar Heart, a firm developing cardiac restorative therapies for patients with heart failure, has raised $20M in a funding round, the firm revealed today, from Chinese investor Themes Investment Partners. The firm said...

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Tuesday, October 9, 2012

Flud Launches Social News Apps For Companies

What's the best way to share competitive intelligence and company announcements with your employees? Flud, a San Diego startup developing mobile apps to let teams privately share news with their co-workers and others in the company, recentl...

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Tuesday, October 9, 2012

Phillipine Angels Look To Follow Tech Coast Angels Model

A new, angel investment group based in the Phillipines is basing its effort on the model set by Southern California's Tech Coast Angels, according to a report today from Phillipine publication Sun.Star Cebu. Sun.Star said that a new group--...

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Tuesday, October 9, 2012

Anametrix Raises $4.4M

Anametrix, which develops cloud-based, digital analytics software, said today that it has raised $4.4M in a Series A funding round. The round came from San Diego's TVC Capital. According to Anametrix, the investment is the first out of TVC ...

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Monday, October 8, 2012

Insights and Opinions: Co-Marketing or Joint Venture?

As part of our Insights and Opinions section on our site, we regularly feature advice from entrepreneurs, investors, attorneys, and many others on a variety of topics of interest to high tech companies. Today, we have an article from Greg A...

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Monday, October 8, 2012

Virgin Galactic Takes Full Ownership Of JV

Mojave-based Virgin Galactic, the commercial spaceflight firm owned by Sir Richard Branson's Virgin Group, said late Friday that it has acquired 100 percent ownership of its sister company, The Spaceship Company (TSC). Virgin Galactic said ...

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Tuesday, October 2, 2012

Tubular Labs Gets $650K For YouTube Analytics

Tubular Labs, a stealth mode starting which is developing a marketing and analytics platform for YouTube channels, has raised $650,000 in a funding round, according to a regulatory filing from the firm today. The Silicon Valley firm is back...

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Tuesday, October 2, 2012

ShoeDazzle Raises $6.0M In New Funding

Santa Monica-based ShoeDazzle, the online e-commerce and celebrity site that is back in the hands of Brian Lee, and whose co-founders include Kim Kardashian, has raised $6.0M in a combination of equity and debt, according to a regulatory fi...

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Tuesday, October 2, 2012

NewAer Gets Funding From Intel

Los Angeles-based NewAer, a startup developing software which enables phones, tablets, and computers to automatically perform actions based on the proximity on who or what is nearby, has scored funding from Intel Capital, according to Intel...

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Tuesday, October 2, 2012

Calacanis Invests In DNS Provider Dyn

Angel investor Jason Calacanis has made another angel investment and scored another board seat this morning -- this time, all the way out in Manchester, New Hampshire. Calacanis, who lives in Santa Monica where he runs Mahalo, apparently ha...

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Tuesday, October 2, 2012

Gravity Gets $10.6M More For Real Time Personalization

Santa Monica startup, Gravity--headed by former MySpace COO Amit Kapur--announced this morning that it has raised $10.6M in a Series B financing round for its personalization technology. The funding was led by GRP Partners, and also include...

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Tuesday, October 2, 2012

Givit Gets $2.5M For Social Video App

San Diego-based Givit, which develops social video sharing applications and services, announced this morning that it has raised $2.5M in a funding round. The new round came from ATA Ventures and JK&B Capital. According to Givit, the funding...

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Tuesday, October 2, 2012

How TVC Aims At Acquisitions, Not IPOs, with Jeb Spencer

Southern California's technology community--despite all of the recent excitement around Silicon Beach--continues to be underserved in terms of capital, with a lack of venture capital funds (with money), and other private technology investor...

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Monday, October 1, 2012

Wheelz Expands In Los Angeles

Peer-to-peer car sharing service Wheelz has expanded into the Los Angeles, saying that it has added four college campuses in Los Angeles to its list of local schools where it lets students share their cars with others. According to Wheelz, ...

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Monday, October 1, 2012

Actv8 Gets $3.2M

Beverly Hills-based Actv8, a developer of mobile applications for Hollywood and the television industry, has raised $3.2M in a funding round, according to a recent regulatory filing by the firm. Source of the funding and details have not be...

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Monday, October 1, 2012

Transphorm Gets $35M More

Goleta-based Transphorm, the developer of power conversion technology being aimed at motors, power supplies, and solar power inverters, announced today that it has raised $35M in a Series E funding round. The round was led by Innovation Ne...

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Monday, October 1, 2012

JAKKS Pacific, NantWorks In Toy Joint Venture

Los Angeles-based NantWorks, the technology incubation and investment firm run by billionaire Patrick Soon-Shiong, and Malibu-based toy firm JAKKS Pacific announced this morning that the two are in a join venture to create anew company, Dre...

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Monday, October 1, 2012

FreedomPop Launches Free Wireless Internet Service

Los Angeles-based FreedomPop, a new startup backed by Mangrove Capital, DCM, and Atomico, said this morning that it has launched a beta of a free, wireless Internet service based off of Clearwire's 4G wireless network. The firm said it will...

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Friday, September 28, 2012

Few SoCal Investors In List Of VCs Using Social Media

Kred, a company which it tabulating social media influence, released its list of top venture capitalists this week, with only a single representative from Southern California: Mark Suster of GRP Ventures. Suster was the sole Southern Califo...

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Friday, September 28, 2012

Vital Therapies Raises $16M

San Diego-based Vital Therapies, a biotechnology firm focused on treatments for acute liver failure, said Thursday that it has raised $16M, part of a $76M mult-stage commitment to the firm by its investors. The firm said the funding will go...

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Thursday, September 27, 2012

Fisker Automotive Raises $103M More

Irvine-based electric car maker Fisker Automotive has just raised $103.7M as part of an ongoing, $150M funding round, according to a regulatory filing by the firm Wednesday. Details on the funding have yet to be announced by the company. Th...

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Thursday, September 27, 2012

Freedom Meditech Gets $2M In Credit Line

San Diego-based Freedom Meditech, a developer of opthalmic medical devices being used to detect disease and measure patient health, said Thursday that it has secured a $2M line of credit. The credit line came from Silicon Valley Bank. Terms...

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Thursday, September 27, 2012

Xirrus Ranks Two In WSJ Top Startups List

In a proof that it's not all social media and e-commerce here in Southern California, number two ranking startup in The Wall Street Journal's ranking of the "Top 50 Startups" is none other than wireless hardware provider Xirrus, based in Th...

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Wednesday, September 26, 2012

Xirrus Snags $23.5M For Wireless Networking

Thousand Oaks-based Xirrus, the developer of high speed, high performance wireless networking hardware, has raised another big chunk of financing, saying today that it has raised $23.5M in a Series E funding round. The round came from its e...

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Tuesday, September 25, 2012

Qualcomm QPrize Winner Gets New Funding

One of the companies recognized in Qualcomm's QPrize annual business plan competition has scored a series A funding, four years after being named a finalist in the Qualcomm effort. Singapore-based Capillary Technologies, a developer of mobi...

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Tuesday, September 25, 2012

Miramar Backs SwiftTest For IT Testing Tools

Corona del Mar-based venture investor Miramar Venture Partners has backed portfolio firm SwiftTest in its Series B funding, according to SwiftTest. SwiftTest said it raised $7.25M in its Series B, led by Azure Capital Partners, and also inc...

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Tuesday, September 25, 2012

SmartDrive Scores Venture Debt Financing

San Diego-based SmartDrive Systems, the developer of video-based, driver safety systems, has scored a venture debt financing, according to finance firm Wellington Financial. Size and terms of that debt financing were not announced. Wellingt...

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Tuesday, September 25, 2012

Deal Current Gets Backing From Private Equity Firm

DealCurrent, a developer of software used for managing local coupons and daily deals offers, has scored private equity funding from a private equity firm. Canal Partners, an Arizona private equity company, is funding Deal Current, to help t...

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Tuesday, September 25, 2012

Wedge Buster Gets $2.2M For Social, Mobile Sports Apps

Los Angeles-based Wedge Buster said this morning that it has launched its new, social sports gaming and mobile company, focused on developing a wide portfolio of sports games on both platforms. The firm said it has raised $2.2M in a Series ...

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Monday, September 24, 2012

Tribogenics Gets $6.2M

Marina Del Rey-based Tribogenics, the developer of X-ray technology being aimed at enabling handheld, ultra-miniature portable x-rays, has raised $6.2M in a Series A funding round, the firm said today. The round was led by the Founders Fund...

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Monday, September 24, 2012

PCN Finds $5.25M For Ethernet Networking Technology

San Diego-based PCN Technology, a developer of Ethernet and IP networking hardware, said this morning that it has raised $5.25M in a funding round. The firm said the round included its existing investors, executives, and board members, alon...

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Wednesday, September 19, 2012

Scopely Raises $8.5M

It looks like all that bacon paid off. Los Angeles-based Scopely, the startup co-founded by Eytan Elbaz, Eytan Elbaz, Walter Driver and Ankur Bulsara, which is developing social and mobile games, said this morning that it has raised $8.5M i...

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Wednesday, September 19, 2012

Skylight Healthcare Gets $5M For Interactive Healthcare

San Diego-based Skylight Healthcare Systems, a developer of interactive patient care systems, said today that it has raised $5.0M in a funding round. The Series D round came from Duchossois Capital Partners. Skylight said the funding will g...

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Wednesday, September 19, 2012

Aviir Diagnostic Laboratories Gets $8M In Debt Funding

Irvine-based Aviir, a developer of laboratory tests for detecting cardiovascular disease, said it has raised $8M in funding from Silicon Valley Bank. The firm said the round included $5M in growth debt, plus a $3M line of credit. The new fu...

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Wednesday, September 19, 2012

RGM Group Gets $21M For Online Advertising

Los Angeles-based RGM Group, which provides online media services for premium advertisers, said today that it has raised $21M in a funding round. The round came from Riordan, Lewis & Haden (RLH) Equity Partners. As part of the funding, the ...

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Monday, September 17, 2012

JMI Equity Re-Ups On BigMachines

BigMachines, a developer of cloud-based software for product configuration, pricing, quoting, and proposals, has scored funding from San Diego private quity investor JMI Equity. Financial details of the new funding were not disclosed. The f...

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Thursday, September 13, 2012

Response Genetics Gets $8.8 Million in Private Placement

Los Angeles-based Response Genetics, a publicly held provider of molecular diagnostic testing services for cancer, announced this morning that it has raised $8.8M in a private placement of its stock. The new funding came from GlaxoSmithKli...

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Wednesday, September 12, 2012

GlySens Scores Funding For Glucose Monitoring Devices

San Diego-based GlySens, a startup developing implantable, long-term glucose monitoring sensors, has scored an investment round, according to investor West Health Investment Fund. Financial terms of the investment were not disclosed. La Jol...

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Wednesday, September 12, 2012

TVC Capital Closes $75M Fund

San Diego-based private equity firm TVC Capital, which is led by Jeb Spencer and Steven Hamerslag, has closed on a new, $75M growth equity and buyout fund, the firms said today. The new fund, TVC Capital II came from private equity fund of ...

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Tuesday, September 11, 2012

Exagen Diagnostics Finds $5.3M

Exagen Diagnostics, a venture-backed developer of molecular diagnostics testing which operates its main laboratory in Vista, California, said it has raised $5.3M. The funding was led by Tullis Health Invesotrs, and also included Sun Mountai...

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Tuesday, September 11, 2012

Inktank Gets $1M For Storage Software

Los Angeles-based Inktank, the open source software firm developing the distributed storage system Ceph, said this morning that it has raised $1M in a convertible note financing. The financing came from Mark Shuttleworth, who founded Canoni...

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Thursday, September 6, 2012

Insights and Opinions: They Just Didn't Get It: VC Rejection

How do you handle it when a venture capitalist rejects your pitch? Steve Reich, a Southern California angel investor, tells the story of how one startup handle dit, and gives some advice. A billion dollar established market. Incumbent...

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Thursday, September 6, 2012

Active Storage Raises $1.2M

Torrance-based storage developer Active Storage, which develops Mac- and media-oriented storage arrays, has raised $1.2M in a funding round, according to a regulatory filing by the firm this week. Details of the funding--which looks to be a...

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Thursday, September 6, 2012

Wellington Financial Closes $177.5M Venture Debt Fund

Wellington Financial, a provider of venture debt and growth capital to high tech startups and other companies, said yesterday that it has closed on a $177.5M, fourth fund. Wellington is based in Canada, but has its U.S. offices in Santa Mon...

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Wednesday, September 5, 2012

BUZZMEDIA Links With Suri's Burn Book

Los Angeles-based online celebrity media publisher BUZZMEDIA said Wednesday that it has linked with Suri's Burn Book, an online Tumblr blog focused on celebrity children and fashion mishaps. Financial details of the joint venture were not d...

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Tuesday, September 4, 2012

FaceCake Gets Funding For Virtual Dressing Rooms

Calabasas-based FaceCake Marketing Technologies, a developer of 3-D, virtual dressing room technology, has raised a round of funding from XG Ventures, a Silicon Valley venture firm whose founders are former Google execs. Amount of the fundi...

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Tuesday, September 4, 2012

POP Charger Gets $139K In Crowdfunded Project

The POP Charger project on Kickstarter, the electronics charging device being developed by local serial entrepreneur Jamie Siminoff, closed out its funding effort on Kickstarter over the weekend, raising a total of $139,170 out of a $50,000...

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Friday, August 31, 2012

Avalon Ventures Raises $201.6M As Part Of $250M Venture Fund

In what is a rarity nowadays for a Southern California venture capital fund, San Diego- and Cambridge-based venture capital firm Avalon Ventures has just closed on $201.6M in commitments for a $250M fund, Avalon Ventures X. The funding was ...

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Friday, August 31, 2012

Qualcomm Invests $100K In MightyText

MightyText, a Silicon Valley startup which develops Android applications to let users send SMS messages from their computer via the cloud, and syncs those messages between an Android phone and computer, has scored $100,000 from San Diego's ...

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Thursday, August 30, 2012

Wallaby Raises $1.1M For Smart Credit Card

Pasadena-based Wallaby, the digital wallet startup out of MuckerLab, has scored $1.1M in a funding round, the company announced this morning. The firm--which is led by Matthew Goldman--said the funding came from the Founders Fund Angel and ...

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Wednesday, August 29, 2012

Kidworth Becomes Bizinate, Gets Funding, Expands To Older Users

Los Angeles-based Kidworth, the online service which makes it easy for kids to offer their services and start a business, said today that it has renamed itself Bizinate. The firm said the name change came as it found that entrepreneurs of a...

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Monday, August 27, 2012

Winklevoss Twins Set Up Shop In LA

Who are the latest folks looking to connecting into the Los Angeles technology scene? No other than the Winklevoss Twins, Cameron and Tyler Winklevoss, according to a report from TMZ today, which said the two have purchased a house in the H...

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Monday, August 27, 2012

Nasty Gal Gets $40M For Women's Fashion Site

Los Angeles-based vintage fashions firm Nasty Gal has raised $40M in a funding round, from sole investor Index Ventures, the firm disclosed over the weekend. According to Forbes, the company, headed by Sophia Amoruso, is set to hit $128M in...

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Friday, August 24, 2012

Los Angeles, San Diego Among Top 10 Cities For Startups

A list of the top ten cities for startups was released by USA Today and the National Venture Capital Association today, naming both Los Angeles and San Diego among the best cities for startup companies. Los Angeles was ranked number 4, and ...

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Thursday, August 23, 2012

Clearstone Re-Ups On Biometrics Firm AOptix

Santa Monica-based venture capital investor Clearstone Ventures has re-upped in a developer of biometric identity verification technology. Campbell, California-based AOptix announced a $42M, Series E funding round today, which came from Cle...

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Thursday, August 23, 2012

MYMUSAIC Gets Funding, Launches Online Photo Slideshow Service

Los Angeles-based MYMUSAIC, a new startup, said this morning that it has just closed an angel funding round, and launched an online software service to turn photos and music into movies. The startup did not provide details on its angel roun...

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Wednesday, August 22, 2012

My Damn Channel Raises $1.0M

Los Angeles-based My Damn Channel, the online comedy site headed by Rob Barnett and Warren Chao, has raised $1.0M as part of an ongoing, $3.0M funding round, according to a regulatory filing from the firm. Details on the new funding have no...

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Wednesday, August 22, 2012

Fuhu Finds Funding For Android Tablet For Kids

El Segundo-based Fuhu, which is developing an Android tablet specifically aimed at kids, has raised $10M in venture debt. The funding was announced by venture debt provider ORIX Ventures. Fuhu develops the nabi tablet, which it says is spec...

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Wednesday, August 22, 2012

MaxLinear Cashes Out Venture Capital Investors

In an unusual move, Carlsbad-based MaxLinear said today that it has reached a private deal to repurchase a significant number of its shares from its venture capital investors. The publicly held firm said it will repurchase 1.65M shares of i...

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Tuesday, August 21, 2012

Insights and Opinions: How We Raised Our First $100K

Think fundraising for your startup is easy? Think you just pitch investors, and get a check? Think again. Miron Lulic, one of the co-founders of Swagsy learned all about the difficulties of getting angels and investors to invest in your fir...

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Tuesday, August 21, 2012

Swagsy Raises $100K

Swagsy, an online, celebrity-focused service which it tying together celebrities and e-commerce, has raised $100,000, in a convertible note, angel funding round. Name of the investor was not disclosed. The Los Angeles startup was founded by...

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Tuesday, August 21, 2012

OCTANe LaunchPad Firms Raise More Than $25M

OCTANe, the Orange County-based organization helping to bolster the high tech industry and entrepreneurs, reported this morning that in the first half of 2012, companies participating in its startup accelerator have raised a total of $26.8M...

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Tuesday, August 21, 2012

MediciNova Raises $20M

Publicly held biopharmaceuticals firm MediciNova, which is based in San Diego, said last night that it has raised $20M in funding in a deal with Aspire Capital Fund, LLC. Medicinova said that Aspire will purchase the $20M in common stock at...

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Monday, August 20, 2012

CapLinked Adds Sharing Feature

CapLinked, the online, cloud-based service which helps startups and others manage their fundraising, has added a new sharing feature which makes it easier for users to share their information via email, Skype, and AngelList. The firm said i...

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Friday, August 17, 2012

Modern Meadow Gets Funding For 3D, Printed Meat

Modern Meadow, a firm whose founders were previously co-founders of San Diego's Organovo, has scored funding to make manufactured, 3D printed meat a reality. The funding came from Breakout Labs and The Thiel Foundation, Breakout Labs said T...

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Thursday, August 16, 2012

Little Black Bag Unwraps $8M More

Little Black Bag, the women's merchandise and online commerce site that is a take on the Japanese concept of a "lucky bag sale", has raised $8M in a Series B round, just six months after its Series A funding. The firm, which is based in Los...

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Thursday, August 16, 2012

Sibling Capital Announces New Fund In Southern California

Sibling Capital, a brand new venture capital based in Rancho Santa Fe, said this week that it has formed to invest in the areas of chemistry, medicine and material sciences. The new fund said it made its first investment, part of an $80M ...

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Wednesday, August 15, 2012

EcoMom Finds $4.7M More

EcoMom, the online e-commerce site focused on organic and eco-friendly products for children, disclosed this week that it has raised $4.7M in an additional funding round. The round came form Blue Pacific Ventures, Crosslink Capital, Cue Bal...

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Wednesday, August 15, 2012

Movieclips Becomes ZEFR, Raises $18.5M

Venice-based Movieclips, the online movie clips site and content site founded by Zach James and Richard Raddon, said today that it has raised $18.9M in a Series C funding round, and has rebranded itself as ZEFR. The new funding round was le...

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Wednesday, August 15, 2012

PageWoo Finds Funding

Los Angeles-based Pagewoo, the mobile advertising startup founded by Holden Steinberg and Jason Crilly, has quietly scored a round of funding, which was disclosed by the Tech Coast Angels this morning. Financial details of the angel funding...

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Wednesday, August 15, 2012

Tech Coast Angels Invests $4.5M In First Half Of 2012

The Tech Coast Angels said today that it has totalled up its investments for the first half of 2012, and found that it invested $4,571,000 in direct investments--as part of $10M in funding--for 17 companies. The angel investment group, whic...

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Monday, August 13, 2012

Elcelyx Therapeutics Adds $4M

San Diego-based Elcelyx Therapeutics, a developer of biopharmaceuticals aimed at both the weight loss and diabetes area, said this morning that it has raised $4M of a $7M extension of its Series B equity funding round. The new funding came ...

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Friday, August 10, 2012

Insights and Opinions: The Odd Couple: Angels and Accelerators

Southern California has the one of the largest gathering of organized angel investment groups, and a huge crop of startup accelerators: there's only one problem, which is they don't naturally work together. For our Insights and Opinions sec...

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Thursday, August 9, 2012

Postcard On The Run Raises $1.8M

Los Angeles-based Postcard On The Run, the developer of mobile apps which let people send their mobile phone photos to people as real, printed postcards, has raised $1.8M in an ongoing funding round, according to a regulatory filing from th...

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Wednesday, August 8, 2012

Fisker Supplier A123 Systems Gets Chinese Lifeline

In what looks like some good news for Irvine-based electric auto firm Fisker Automotive, the supplier for that firm's electric batteries, A123 Systems, said today that it has signed a memorandum of understanding (MOU) with a Chinese firm, t...

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Wednesday, August 8, 2012

Realtime Raises $100M, Opens Office In Santa Monica

Realtime, a startup developing technology to help power real-time web applications, said today that it has raised $100M, launched in the U.S., and opened up a new office in Santa Monica. The firm, which was previously known as Internet Busi...

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Tuesday, August 7, 2012

AwesomenessTV Gets $3.5M For YouTube Content

A new, Los Angeles based startup focused on developing original media for YouTube, AwesomenessTV, announced Tuesday afternoon that it has raised $3.5M in a Series A investment round. The round was led by MK Capital, and also included Greycr...

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Thursday, August 2, 2012

Handful of Southern California Investors In Top Twitter Investor List

A list issued Thursday by Twitter analytics firm PeekAnalytics identifies the top, influential high tech investors based on their key Twitter metrics, and--perhaps unsurprisingly--only a small number of local investors show up on the list. ...

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Thursday, August 2, 2012

Celebrity E-Commerce Spreads To Silicon Valley With FabKids

It looks like the trend--started in Los Angeles--to partner celebrity with e-commerce has spread to Silicon Valley. A San Francisco startup, Personalized Retailing, is joining the dozens of Los Angeles celebrity-with-e-commerce-subscription...

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Thursday, August 2, 2012

Connexity, Headed By Dave Gross, Finds $3M More

Connexity the online advertising startup headed by former Fastclick co-founder Dave Gross, announced this morning that it has raised $3M in a seed funding round. The round was led by Rincon Venture Partners, and also included Siemer Venture...

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Wednesday, August 1, 2012

POP Charger Passes $91K In Donations

Is crowdsourcing donations a reasonable alternative to seed funding? Based on the experience so far of POP Charger, the Kickstarter project being run by local entrepreneur Jamie Siminoff, it seems to be. According to the project's page Wed...

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Wednesday, August 1, 2012

CapLinked, Startup America Tie On Startup Fundraising

Los Angeles-based CapLinked, which operates an online platform for managing fundraising by startups, has linked with the Startup America Partnership. According to CapLinked, it will make its premium capital raising and investor reporting to...

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Tuesday, July 31, 2012

Avalon Ventures Backs Pingup

Avalon Ventures, the La Jolla- and Cambridge-based venture capital firm, has backed a new startup, Pingup, which lets consumers text nightclubs for reservations and information. According to Pingup Tuesday, it raised $1M in a seed funding r...

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Tuesday, July 31, 2012

Instacanvas Raises $1.7M

Los Angeles-based Instacanvas, the MuckerLab startup which allows any Instagram user to print photos from their stream to a real, canvas print, revealed today that it has raised $1.7M in a funding round. The round came from Founders Fund, F...

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Monday, July 30, 2012

DFJ Frontier's Netpulse Gets $15.6M More

One of the portfolio companies of Los Angeles-based venture capital investor DFJ Frontier has scored a big, $15.6M funding round this morning, to bolster its development of digital entertainment systems for fitness treadmills. Netpulse, whi...

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Friday, July 27, 2012

PayDragon Reveals $1.35M Seed Funding For Mobile Payments

Los Angeles-based PayDragon has raised $1.35M in its seed funding, the firm disclosed Friday. The firm--which had earlier disclosed the seed round, but without dollar amounts--said the funding included Rustic Canyon Ventures, SV Angel, and ...

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Thursday, July 26, 2012

JustFab Lands Huge, $76M Round For Fashion Startup

El Segundo-based JustFab, the fashion subscription site led by Adam Goldenberg and Don Ressler, announced Thursday morning that it has raised a gigantic, $76M in a funding round. The new funding for the site was led by Rho Ventures, and als...

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Thursday, July 26, 2012

Pop-up Pantry Finds $1.7M In Funding

Los Angeles-based Pop-Up Pantry, one of the companies in the Launchpad LA accelerator, has disclosed a $1.7M seed funding round, led by GRP Partners, CrossCut Ventures, Adam Goldenberg (JustFab), and Michel Daher (of Daher Foods). The start...

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Thursday, July 26, 2012

Apptopia.com Gets Funding From Mark Cuban

Apptopia.com, a new startup which allows developers and others to buy and sell the ownership of mobile applications, said this morning that it is getting set to close out a $1M round of funding, led by Mark Cuban. The company, which has off...

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Wednesday, July 25, 2012

CoDa Therapeutics Lands $20M More

San Diego-based CoDa Therapeutics, which develops biopharmaceuticals aimed at wound care, said today that it has added $20M to its Series B financing round. The new funding, a second close, came from RusnanoMedInvest. CoDa Therapeutics said...

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Wednesday, July 25, 2012

NantPharma Gets $125M From Blackstone

Los angeles-based NantWorks, the technology thinktank of Los Angeles billionaire Dr. Patrick Soon-Shiong, said Tuesday that one of its companies, NantPharma, has received $125M in an investment by private equity firm Blackstone. NantPharma ...

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Tuesday, July 24, 2012

WhoSay Finds $12M For Celebrity Media Management

WhoSay, which operates an online, media management platform used by agents, celebrities, and studios to manage celebrities, has raised $12M in a funding round, the company said today. The firm--which has offices in Los Angeles, but is based...

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Tuesday, July 24, 2012

StackSocial Gets Seed Round

Los Angeles-based StackSocial, the e-commerce software developer out of the Amplify accelerator, has announced $800,000 in a seed funding round this morning, from 500 Startups, Siemer Ventures, EchoVC Partners, Amplify LA, as well as angels...

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Monday, July 23, 2012

Los Angeles Accelerator Report Card: Too Early To Tell

There's been a surge in startup accelerator activity in Los Angeles in the last year, as interest in starting a company in the region has grown, and a wide range of experienced entrepreneurs and investors have pitched in to help companies g...

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Monday, July 23, 2012

Siminoff's POP Charger Project Blows Past Goal On Kickstarter

The POP Charger, the Kickstarter project run by former Unsubscribe.com CEO Jamie Siminoff, has blown past its fundraising efforts on Kickstarter, and as of this morning has racked up over $66,000 in donations out of an original target of $5...

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Monday, July 23, 2012

CALIENT Technologies Raises $14.8M

Goleta-based Calient, a developer of 3D MEM-based, optical switching equiment, has raised $14.8M in a funding round, according to a recent regulatory filing by the firm. Details and source of the new funding was not announced. Calient's equ...

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Monday, July 23, 2012

LuxeYard Gets Funding

Los Angeles-based LuxeYard, which operates a flash sales site focused on home furnishing and decor, said today that it has scored what it says is its first round of funding, to help expand in India. The company--which now is listed on the O...

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Friday, July 20, 2012

Q2 Venture Funding Drifts Downward In Southern California

The latest MoneyTree Survey, from PricewaterhouseCoopers, the National Venture Capital Association, and Thomson Reuters, tabulated $837.3M in funding during Q2 of 2012, down from Q1, and slightly below investments in Q2 of 2011. According...

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Thursday, July 19, 2012

Report: MovieClips Raises Series C

Venice-based MovieClips, the online site which allows people to share and view clips from movies, has raised a Series C funding round, according to reports. No details on the funding, which was first reported by Dan Primack at FORTUNE, have...

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Wednesday, July 18, 2012

Obalon Raises $16.5M For Weight Loss Technology

San Diego-based Obalon said Wednesday afternoon that it has raised $16.5M, in a Series C funding. The funding was led by InterWest Partners, and also included Domain Associates and Okapi Venture Capital. Obalon is a developer of gastric ba...

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Wednesday, July 18, 2012

Media Temple Ties With Virb

Los Angeles-based Media Temple, the web hosting firm, is partnering with Virb to help small businesses, artists, musicians, and others to create their own web sites, the firms said this morning. According to the two, they have integrated th...

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Wednesday, July 18, 2012

Retention Science Gets $1.3M For Ecommerce Software

Santa Monica-based Retention Science, a new startup out of the MuckerLab accelerator, is announcing this morning that it has raised $1.3M in a seed funding. The firm, which is developing big data software for helping e-commerce sites to att...

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Tuesday, July 17, 2012

Clearstone Backs Openbucks

Santa Monica-based venture capital firm Clearstone Ventures is backing a Bay Area gift card-based, payment network, Openbucks, as part of a Series A funding for Openbucks. According to Openbucks, it has raised $4.8M in a Series A for the co...

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Tuesday, July 17, 2012

Caltech Invests In Coursera

The California Institute of Technology is backing, Coursera, a startup in the area of online education with an equity investment, plus the promise to put some of its courses online for free, in a deal worth $3.7M, the school announced this ...

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Tuesday, July 17, 2012

BioSurplus Raises $2.4M

San Diego-based BioSurplus, a provider of equipment management services and pre-owned laboratory instruments, said this morning that it has closed its Series A financing round, bringing the total raised in the oversubscribed round to $2.4M....

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Monday, July 16, 2012

Tealium Raises $10.5M

San Diego-based Tealium, a developer of tag management software for online marketers, said this morning that it has raised $10.5M in a Series B funding. The firm said the round was led by Battery Ventures, and will go towards funding growth...

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Monday, July 16, 2012

USC Stevens' Krisztina Holly Departs

The founding Executive Director of the USC Stevens Center for Innovation, Krisztina Holly, is leaving the center to pursue other interests, USC said late Friday. According to the university, Holly decided to leave USC this month to pursue o...

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Friday, July 13, 2012

TeleSign Raises $29.0M

Los Angeles-based TeleSign, the provider of telephone-based, Internet fraud prevention and authentication services headed by tech vet Steve Jillings, has raised $29.0M in a funding round, according to a regulatory filing from the firm Thurs...

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Thursday, July 12, 2012

Elevance Renewable Sciences Finds $104M

An Illinois firm whose technology is based on, and licensed from Pasadena-based Materia and Caltech, has raised a whopping, $104M funding round. Woodridge, Illinois-based Elevance Renewable Sciences, a developer of processes for creating sp...

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Thursday, July 12, 2012

CallWave Lives On As FuzeBox Finds Funding

Remember Santa Barbara-based Callwave, the onetime developer of Internet call waiting and Internet fax services? It turns out the company still exists--albeit under another name and management--and just became, again, a venture backed start...

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Thursday, July 12, 2012

Qualcomm Backs Indian E-commerce Firm

San Diego-based Qualcomm has backed an online e-commerce company in India, Big Shoe Bazaar India Pvt Ltd.. According to Big Shoe, it has raised INR 100 Cr. (approximately $1.8M US) in a Series C funding round, which was led by Fidelity Grow...

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Thursday, July 12, 2012

Poptent Raises $5.5M For Crowdsourced Video

Los Angeles-based Poptent, which is harnessing crowdsourcing to help brands and agencies to develop advertisements, said this morning that it has raised $5.5M in a funding round. The round was leds by MK Capital. Poptent, which is led by An...

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Wednesday, July 11, 2012

StackSocial Gets Funding

Los Angeles-based StackSocial, which is developing and e-commerce platform focused on flash sales of software, apps, tutorials, and more--currently on a number of Mac software packages--has quietly raised a round of angel funding, socalTECH...

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Wednesday, July 11, 2012

Pocket Change Finds More Funding

A virtual currently startup, Pocket Change, with links to Southern California has just raised $5M more in funding. The firm, which provides virtual currency handling for Android game makers, is the startup of Ari Mir, who formerly co-founde...

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Wednesday, July 11, 2012

SteelHouse Adds $8.25M

Los Angeles-based SteelHouse, a startup developing e-commerce software to provide special offers and pricing to consumers based on their online behavior, has raised $8.25M more. The funding came from Qualcomm Ventures and Daher Capital. Ste...

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Wednesday, July 11, 2012

MiCardia Raises $4.4M, Spins Off Technology

Irvine-based Micardia, a developer of medical devices used for treating cardiovascular diseases, said Tuesday that it has raised a round of funding, which will provide it with $4.4M during 2012 and 2013. The firm said the round was an inter...

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Tuesday, July 10, 2012

Zumbox Receives $10M More In Series C Funding

Los Angeles-based Zumbox, the startup providing digital, postal mail services, which is now headed by John Payne, has raised $10.6M in a Series C funding round, the firm said late this morning. The firm said the funding came from existing i...

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Tuesday, July 10, 2012

Athletes' Performance Gets $22.5M, In LA Hiring Push

Athletes' Performance, which maintains major technology operations in Los Angeles, said this morning that it has raised $22.5M for its performance training, nutrition, and physical therapy services for athletes, the military, and corporatio...

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Tuesday, July 10, 2012

On-Ramp Wireless Gets Backing From Energy Technology Ventures

San Diego-based On-Ramp Wireless, the developer of wireless communications systems used to connect devices into the smart grid, has scored the backing of Energy Technology Ventures, the venture capital m which is a joint venture of GE, NRG ...

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Tuesday, July 10, 2012

Solarflare Raises $10.0M

Irvine-based Solarflare, the developer of 10 Gigabit Ethernet adapters, has raised $10.0M in a funding round, according to a regulatory filing from the firm. Details on the fundraising have not been announced by the company. The regulatory ...

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Monday, July 9, 2012

Cyber Rain Gets Debt Funding

Los Angeles-based Cyber Rain, the developer of smart irrigation controllers, has raised a round of debt funding, according to funder Agility Capital. Size and terms of the debt funding were not announced. Cyber Rain develops smart irrigatio...

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Monday, July 9, 2012

Tech Coast Angels Leads National Angel Investments

Southern California's largest angel investment group, the Tech Coast Angels, looks to be one of the lead investors nationally in angel-backed companies, according to a report released Monday by the Angel Resource institute. The group, along...

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Monday, July 9, 2012

Venture Capital Fundraising On Uptick

It looks like it's going to be a good year for venture capital -- fundraising, that is, according to numbers released by Dow Jones Monday. According to Dow Jones, 82 U.S. venture funds raised $13 billion in the first six months of the year,...

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Monday, July 9, 2012

Xirrus Finds $18.4M More

Thousand Oaks-based wireless equipment maker Xirrus appears to have raised $18.4M more in a funding round, part of an ongoing $25.3M funding, according to a regulatory filing by the company. Xirrus, which makes Wi-Fi switching hardware whic...

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Monday, July 9, 2012

RingDNA Gets $650K For Real Time Sales Info

Sherman Oaks-based RingDNA, a provider of mobile tools to provide real-time CRM data, social media streams and behavioral marketing information to salespeople, has raised $650,000 in funding, according to a regulatory filing by the firm. No...

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Monday, July 9, 2012

JMI Equity Backs Capsule Tech

San Diego-based private equity firm JMI Equity has backed a developer of medical device technology, Capsule Tech, the firms announced today. Terms of the strategic investment were not announced. Capsule Tech said it has named Gene Cattarina...

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Friday, July 6, 2012

Quarterly Raises $1.25M

Los Angeles-based subscription commerce service Quarterly has raised $1.25M in a Series A funding round, which was led by True Ventures, SV Angel, Initialized Capital, Collaborative Fund, according to VentureWire Friday. Former Redbox presi...

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Thursday, July 5, 2012

YBUY Scores $1M More

Manhattan Beach-based YBUY, which is developing a monthly subscription service to help users try products before buying them, has raised $1M in a funding round, the firm disclosed Thursday. The round was led by TomorrowVentures, the persona...

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Thursday, July 5, 2012

Leonardo DiCaprio Backs Fisker Automotive, Ties On Sustainability Efforts

Actor Leonardo DiCaprio and Irvine-based electric autombile maker Fisker Automotive revealed this week that the actor is an equity investor in the company, and is also linking with the firm to help promote "Global Sustainability." According...

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Tuesday, July 3, 2012

Qualcomm Backs Mobile Apps Firm Fiksu

San Diego-based Qualcomm is backing a developer of mobile apps marketing products, Fiksu, via its Qualcomm Ventures investment arm, Fiksu said this morning. Fiksu said it has raised $10M in a Series B financing, led by Qualcomm and Charles ...

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Monday, July 2, 2012

Quest Software Acquired By Dell For $2.4 Billion

Aliso Viejo-based Quest Software is in a deal to be acquired by Dell, for $2.4 billion, or $28.00 per share in cash, the two firms said this morning. The deal, which was reached after a long, drawn out bidding war between Insight Venture Pa...

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Monday, July 2, 2012

YourEvent Gets Angel Round

Los Angeles-based YourEvent.com, a startup developing a service to help users share photos of their events, has raised a round of angel funding. The funding came from the Billiken Angels Network, an angel group based in Saint Louis. Financi...

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Friday, June 29, 2012

Domain, Versant Re-Up On Spine Repair Startup

Two Southern California venture investors have re-upped their investment in a Northern California maker of spin repair devices, Benvenue Medical. Benvenue said it raised $25M in a Series D funding yesterday, led by its existing ivnestors, w...

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Friday, June 29, 2012

Sonendo Raising $20M

Laguna Hills-based Sonnendo, a firm developing medical devices for the use in root canals (endodontic therapy), said Thursday that it has raised $9.2M in an initial close of a $20M equity funding. e firm said the round was led by OrbiMed Ad...

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Thursday, June 28, 2012

Tech Coast Angels Backs Influenza Treatment Developer

The Tech Coast Angels, the largest angel investment group in Southern California, has backed a developer of treatments for the flu., According to Gemmus Pharma, it raised an angel funding round led by the Life Science Angels, and also inclu...

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Thursday, June 28, 2012

DogVacay Adds Andreessen Horowitz As Investor

Los Angeles-based Dogvacay, the online marketplace which helps dog owners find people to pet sit their dogs, is announcing this morning that it has added Andreessen Horowitz as an investor at the company. Size of the investment was not disc...

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Wednesday, June 27, 2012

Chill Raises $8M More

Los Angeles-based Chill, the social video sharing and chat site led by Brian Norgard, has raised another $8M in funding, the firm said today. The firm sai the new funding was led by Kleiner Perkins Caufield & Byers and William Morris Endea...

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Wednesday, June 27, 2012

Los Angeles Investor Backs DoughMain

A new, financial education and family organization website, DoughMain, said yetserday that it has raised funding from a private equity fund managed out of Los Angeles and Boston. DoughMain, which did not disclose details of its funding, sai...

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Tuesday, June 26, 2012

Big Frame Lands $3M

Hollywood-based Big Frame, a new startup focused on providing content programming and marketing of YouTube talent, has raised $3M in a funding round, the firm said Tuesday. The round came from Anthem Venture Partners, Daher Capital, DFJ Fro...

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Monday, June 25, 2012

FastPay Gets $25M

Los Angeles-based FastPay, which provides receivables financing for digital media businesses, said this morning that it has raised $25M in funding. The funding included a senior credit facility from Wells Fargo Capital Finance and a subord...

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Monday, June 25, 2012

Quest Software Gets Increased Offer

The bidding war for Aliso Viejo-based Quest Software, the developer of IT management software, continued this morning, as the firm reported that an un-named, strategic bidder has upped its proposal to acquire the company to $27.50 per share...

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Monday, June 25, 2012

BlockBeacon Raises $500K

Santa Monica-based BlockBeacon, the developer of mobile apps headed by Brandon Mills, former co-founder and Head of Product at SocialVibe, has raised $500,000, the firm disclosed Friday. The funding was led by Resolute.VC, the new venture f...

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Friday, June 22, 2012

On Ramp Wireless Raising $30M

San Diego-based On Ramp Wireless, a developer of networking and communications equipment aimed at smart grid and other sensors networks, is in the process of raising up to $30M in funding, according to a regulatory filing from the firm Thur...

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Friday, June 22, 2012

Avanir Pharmaceuticals Gets $30M In Credit Facility

Aliso Viejo-based Avanir Pharmaceuticals, the biopharmaceuticals firm focused on treatments for central nervous system disorders, has received $30M in a debt funding round, according to lenders Oxford FInance and Silicon Valley Bank. Avanir...

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Thursday, June 21, 2012

Sonos Funding Pays Off For Early Investors

When is a funding also an exit? When part of that funding is used to pay off early investors. The $135M funding for Santa Barbara-based wireless music system maker Sonos appears to be just that, rewarding such investors as Andreas von Blott...

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Thursday, June 21, 2012

CapLinked Lands New Funding Round

Los Angeles-based CapLinked, the startup which provides an online site to help companies manage their fundraising process, is announcing this morning that it has raised $400,000 in a new funding round. The new round included Hercules Techno...

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Wednesday, June 20, 2012

Gradient X Finds $3.75M For New Mobile Ad Play

A trio of online advertising vets are heading up a new, mobile advertising firm, Gradient X, which said this morning that it has raised $3.75M in a seed financing round. GradientX, led by Brian Baumgart and co-founded by Julie Mattern and M...

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Wednesday, June 20, 2012

Quest Software Bidders Up Offer

Aliso Veijo-based Quest Software said late Tuesday that Insight Venture Partners and its affiliates have raised their offer for the firm to $25.75 per share in cash, up from their original offer of $23.00 per share in cash. The increased of...

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Tuesday, June 19, 2012

HypeMarks Gets $350K

Los Angeles-based HypeMarks, the developer of a service which helps users find new places to explore on the web, has raised $350,000 in a funding round, socalTECH has learned. According to Tim Sae Koo, the firm's founder, the funding came f...

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Tuesday, June 19, 2012

CapLinked Launches Deal Browsing Feature

Manhattan Beach-based CapLinked, the developer of software used by companies to manage their fundraising process, said today that it recently released a new feature, which allows accredited investors and advisors to preview and request acce...

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Monday, June 18, 2012

SmartDrive Systems Raises $47M For Better Driving

San Diego-based SmartDrive Systems, which develops driving safety systems for managing driving fleets, said Monday afternoon that it has raised $47m in a new funding round. The firm said the round was led by Oak Investment Partners and New ...

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Monday, June 18, 2012

Sonos Scores $135M For Music Systems, Says Report

Santa Barbara-based Sonos, the maker of user-friendly, whole house music systems, has raised $135M in a funding round, according to reports today. According to AllThingsD, citing "sources close to the situation", the funding included both p...

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Monday, June 18, 2012

Astute Networks Gets $12M

San Diego-based Astute Networks, a developer of a flash-based iSCSI networking device used in the data center market, said this morning that it has raised $12M in a Series B funding round. The round was led by Samsung Venture Investment Cor...

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Thursday, June 14, 2012

GraphEffect Gets $12M

Santa Monica-based GraphEffect, the provider of social marketing software headed by James Borow and co-founded by Clark Landry, announced this morning that it has raised $12M in a new financing round. The round was led by Rincon Venture Par...

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Thursday, June 14, 2012

Quest Software Gets $2.15 Billion Offer For Firm

Aliso Viejo-based Quest Software, the developer of IT management software, reported this morning that it has received a proposal from a strategic bidder to acquire all of the firm's outstanding shares for $25.50 per share in cash. The new o...

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Monday, June 11, 2012

Qualcomm Re-Ups On AliveCor

San Diego-based Qualcomm has re-upped its investment in a maker of an electriocardiogram (ECG) device which connects into iPhone, iPad, and Android devices. According to AliveCor, which is based in San Francisco, it has raised $10.5M in a s...

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Monday, June 11, 2012

Row 44 Raises $45M

Westlake Village-based Row 44, the provider of inflight Wi-Fi and entertainment services headed by John LaValle, announced today that it has raised $45M more in financing. The round came from Advanced Inflight Alliance AG (AIA) and prior in...

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Monday, June 11, 2012

GRP Portfolio Firm Qualys Files For IPO

One of the portfolio companies of Los Angeles-based venture capital firm GRP Partners has filed for an IPO, according to a filing with the SEC late Friday. Silicon Valley based enterprise security and compliance software firm Qualys said it...

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Thursday, June 7, 2012

LoveIt Gets $6M For Photo Sharing, Collecting

Look out, Pinterest -- Pasadena-based LoveIt is looking to unseat the popularity of the photo sharing site, with its new platform, and $6M in funding. LoveIt, headed by former PriceGrabber President Ron LaPierre, said today that it raised a...

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Thursday, June 7, 2012

Gumhouse, Linked with Science Inc., Raises $6M

What's the latest startup to launch of out Santa Monica-based business "studio" Science Inc., run by former MySpace CEO Mike Jones? That would be appear to be Gumhouse, which just raised $6M in a funding round, from such venture firms as Po...

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Thursday, June 7, 2012

Curious Minds Backs Ringadoc

Los Angeles-based technology incubator Curious Minds is one of the firms backing Ringadoc, a new startup which offers up medical consultations via phone or computer. According to Ringadoc, it raised $750,000 in a seed funding round, led by...

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Thursday, June 7, 2012

CapLinked Ties With Accelerators

Los Angeles-based CapLinked, the online service which helps startups manage their fundraising process, announced this morning that it has linked with half a dozen startup accelerators to help those firms' companies help raise their funding ...

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Thursday, June 7, 2012

Astute Medical Raises $40.4M

San Diego-based Astute Medical, a provider of biomarker-based medical diagnostics technology, reports this morning that it has raised $40.4M in a Series C funding round. The round was led by MPM Capital, and also included new investor Kaise...

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Wednesday, June 6, 2012

Crowdfunder Dangles $25K In LA Startup Competition

Crowdfunder, an online site offering up a platform to help startups raise money for their firms via crowd funding, is dangling $25,000 in a contest open to Los Angeles companies. The firm, headed by Chance Barnett, said that its new crowdso...

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Wednesday, June 6, 2012

Surf Air Gets Funding Round

Santa Monica-based Surf Air, the new startup out of the MuckerLab accelerator which is headed by Wade Eyerly, has announced its funding round, saying today that it has scored a key round of funding from Anthem Venture Partners, NEA, actor J...

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Tuesday, June 5, 2012

Dedicated Media Gets $5M In Credit Facility

El Segundo-based Dedicated Media, a provider of targeted online advertising, media services and lead generation technology, said Tuesday that it has secured $5M in a credit facility, from Wells Fargo's Technology and Venture Banking Group. ...

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Tuesday, June 5, 2012

Shea Ventures Gets Exit At Quickoffice

It looks like the venture capital business is doing a lot better than the home building industry for Walnut-based J.F. Shea. The homebuilder, which also runs a venture capital arm call Shea Ventures, just scored an exit from one of its port...

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Tuesday, June 5, 2012

Demand Media Alum Gets $100M For Domain Registrar

A brand new, domain registration startup headed by a set of ex-Demand Media executives, has just raised an astounding $100M for its efforts. Donuts Inc., headed by former Demand Media President and Chief Strategy Officer Paul Stahura, said ...

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Monday, June 4, 2012

Awarepoint Raises $14M More

San Diego-based Awarepoint, which develops real-time, location systems used for tracking patents and assets in a healthcare environment, said today that it has raised $14M in an additional financing round. The firm said the round was led by...

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Thursday, May 31, 2012

Grubwithus Gets $5M

Venice-based Grubwithus, which operates a service which helps connect people in real life with others over meals and food, said this week that it has raised $5M in a Series A funding round. The round was led by GRP Partners, and also includ...

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Thursday, May 31, 2012

Sky Dayton Backs Diffbot

Earthlink founder and Southern California entrepreneur Sky Dayton is leading an angel investment in a new startup out of Stanford, which is developing a service which allows developers to track changes and extract information out of web pag...

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Wednesday, May 30, 2012

Interview with Wil Schroter, Fundable

If you're a startup business owner, how do you get to the next step, and build your first product? One way is getting funding from your potential customers. That's the idea behind a new startup, Fundable, headed by serial entrepreneur Wil S...

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Tuesday, May 29, 2012

Ace Metrix Gets $8M For TV Ad Analytics

Ace Metrix, a provider of technology for television advertising analytics, said today that it has raised $8M in a funding round from WPP, Hummer Winblad Venture Partners, Leapfrog Ventures, and Palomar Ventures. The firm, which is headquart...

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Friday, May 25, 2012

SurfAir Closing In On $14M Funding, Says Report

Santa Monica-based SurfAir, the startup airline headed by Wade Eyerly which is part of the Muckerlab accelerator, is closing in on $14M in its first funding round, according to reports today. The firm--which has been seeing intense interest...

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Friday, May 25, 2012

Sangart Raises $50M

San Diego-based biopharmaceuticals firm Sangart has raised $50M in a Series G funding round, the company announced Thursday, bringing its total venture funds raised to $280M. Sangart, which is developing biopharmaceuticals to treat hemorrha...

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Thursday, May 24, 2012

Crowdfunder Gets $400K For Crowdfunding Site

Los Angeles-based Crowdfunder, an online crowd funding site headed by Chance Barnett, has raised $400,000 in seed funding, according to reports today. The firm offers up an online web site where companies get solicit funding for their start...

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Thursday, May 24, 2012

Triptrotting Adds Golden Seeds, Boosts Round To $1.5M

Los Angeles-based Triptrotting, the online site which helps connects travelers with other like-minded, local hosts, has boosted its funding round to $1.5M, and added angel investment group Golden Seeds. The firm, which announced the first c...

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Thursday, May 24, 2012

Zebit Gets $25M For Microlending Site

Zebit, a microlending and financial transactions platform in the UK which is owned by San Diego-based Global Analytics Holdings, said it has raised $25M in a Series D funding round this morning. According to the firm, the round was led by M...

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Wednesday, May 23, 2012

Fundable Takes On Crowdfunding For Startups

A new startup, headed by entrepreneur Wil Schroter, has launched this week, looking to make it easier for startups to raise funding. Santa Monica- and Columbus, Ohio-based Fundable said that it is looking to provide a crowdfunding platform ...

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Wednesday, May 23, 2012

RocketFrog Launches With $2M, MySpace's Anderson

Los Angeles-based RocketFrog, a new startup developing casino games on Facebook, launched Tuesday, saying that it has raised $2M in angel funding, and also added MySpace co-founder Tom Anderson as an advisor. The startup, headed by Brett Ca...

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Tuesday, May 22, 2012

Io/LA Plans $500K In Investments

One of the newest accelerator and incubators to open in the Los Angeles area, io/LA, is planning to invest $500,000 in local startups as part of its efforts to incubate 25 companies in its new space in Hollywood. The accelerator, which was ...

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Monday, May 21, 2012

StyleSaint's Other Backers: Andreessen Horowitz, General Catalyst

Venice, California-based StyleSaint, the new fashion-meets-Pinterest startup headed by Crosscut Ventures' Brian Garrett, has been fairly mum about its recent funding. However, the firm revealed today at TechCrunch Disrupt that its other ven...

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Monday, May 21, 2012

Machinima Raises $35M

Los Angeles-based Machinima, the online video entertainment firm focused on computer gamers, said Monday that it has raised $35M in a financing round. The round was led by Google, along with prior investors Redpoint Ventures and MK Capital....

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Thursday, May 17, 2012

American Solar Direct Gets $5M in Equity Investment

Santa Monica-based American Solar Direct, a provider of residential solar lease and power purchase agreements, announced this week that it has raised $5M in an equity investment. The round came from WGL Holdings, inc., along with other exis...

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Thursday, May 17, 2012

Buy.com Parent Rakuten Leads $100M Round In Pinterest

Rakuten, the Japanese e-commmerce giant which owns Aliso Viejo-based e-commerce site Buy.com, has just grabbed a stake in up-and-coming Internet sharing site Pinterest, according to reports today. Pinterest, which allows people to share pic...

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Wednesday, May 16, 2012

Funny or Die Gets Investment From Turner Broadcasting

Los Angeles-based humor site Funny or Die has received an investment from Turner Broadcasting, as part of a strategic deal between the companies for Turner to manage ad site sales for the company. Financial terms of the investment were not ...

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Tuesday, May 15, 2012

ModCloth Gets $25M To Expand In Los Angeles

ModCloth, an online retailer of vintage fashion and decor, and which revolves around a community of independent designers, said today that it has raised $25M, in part to grow its operations in Los Angeles. The San Francisco company did not ...

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Friday, May 11, 2012

Viddy Confirms $30M Funding

Looking to become the next Instagram--but for video, instead--Los Angeles-based Viddy has just added $30M in funding to its warchest, confirming today reports that it has scored a huge new funding for the mobile video sharing site. Viddy sa...

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Thursday, May 10, 2012

Moviepilot Gets $7M, Sets Up Shop In Los Angeles

Moviepilot.com, which runs a movie recommendation and discovery website aimed at covering movies before their release, said today that it has raised $7M in a Series B funding, to expand the German firm into the U.S. As part of the funding, ...

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Thursday, May 10, 2012

BioSurplus Gets $1.5M For Boston Expansion

San Diego-based BioSurplus, a provider of pre-owned, laboratory instruments for the life sciences industry, said today that it has raised $1.5M in a capital raise for an expansion into Boston. The firm said the funding came from KI Investme...

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Wednesday, May 9, 2012

Altra Biofuels Spinout Gets $30M More

EdenIQ, the spinout of San Diego-based Altra Biofuels, the developer of biofuels processing technology, has scored $30M in new venture capital funding, the company said today. EdenIQ, which is taking biomaterials technology being applied to...

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Tuesday, May 8, 2012

Amgen Re-Ups Investment In Sutro Biopharma

The venture capital arm of Thousand Oaks-based Amgen has placed more funding into one of its portfolio companies, Sutro Biopharma, which is working on developing a scalable biochemical protein synthesis platform aimed at cancer therapeutics...

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Monday, May 7, 2012

Verdezyne Raises $10.6M More

Carlsbad-based Verdezyne, which is developing biotechnology used for biofuels production and chemicals manufacturing, has raised $10.6M in a new, debt funding round, according to a filing from the firm last week. Details on the funding have...

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Monday, May 7, 2012

Machinima On Verge Of Investment From Google, Says Report

Los Angeles-based content developer Machinima is on the verge of an investment deal with Google, according to a report published Monday by AllthingsD. Size and details of the funding have yet to be announced, but according to the report is ...

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Monday, May 7, 2012

Celladon Gets $53M In Funding

San Diego-based Celladon, a biopharmaceuticals firm developing a genetically targeted enzyme replacement therapy which helps in the treatment of late-stage, heart failure, has raised $53M in a second close of a funding round, the firm said ...

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Friday, May 4, 2012

Engrade Raises $3M For Classroom Management Tools

Santa Monica-based Engrade, a developer of online classroom management tools, said today that it has raised $3M in a funding round. The round was led by Rethink Education, and also included NewSchools Venture Fund, Greg Gunn, Zac Zeitlin, a...

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Thursday, May 3, 2012

Qualcomm Re-Ups Investment In Mobile Management Firm Visage

San Diego-based Qualcomm has renewed its investment in Visage, as part of a Series C funding for the enterprise mobility management software provider. According to Visage, the round was led by Motorola Solutions, and also included Palisades...

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Thursday, May 3, 2012

SoCal Venture Capitalists Shut Out Of Midas List

Forbes Magazine has just published its annual Midas List, its annual ranking of the top 100 venture capitalists, and -- despite a record number of IPOs and exits last year from southern California technology companies -- Southern California...

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Thursday, May 3, 2012

SoCal Venture Capitalists Shut Out Of Midas List

Forbes Magazine has just published its annual Midas List, its annual ranking of the top 100 venture capitalists, and -- despite a record number of IPOs and exits last year from southern California technology companies -- Southern California...

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Thursday, May 3, 2012

NetPlenish Launches, Lands $1.9M

Ventura-based NetPlenish, the mobile shopping service startup headed by Dave Compton, said today that it has launched with $1.9M in a seed funding round, and has started offering up its service to automatically replenish everyday items for ...

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Thursday, May 3, 2012

Nirvanix Gets $25M In Series C

San Diego-based cloud storage provider Nirvanix announced this morning that it has raised over $25M in a Series C funding round, which it says will go to "significantly expand" its engineering organization. The round was led by Khosla Ventu...

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Wednesday, May 2, 2012

StageIt Gets Funding To Help Broadcast Musicians

Los Angeles-based startup StageIt, which operates an online web platform which lets musicians interact with their fans through live broadcasts from their laptop, has raised a round of funding. The funding came from DEV (Digital Entertainmen...

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Wednesday, May 2, 2012

Brand Affinity Technologies Raises $7.5M

Irvine-based Brand Affinity Technologies, the startup headed by Ryan and Chad Steelberg which is focused on celebrity endorsements, said this morning that it has raised $7.5M in a Series D funding round. BAT said the new round was led by Ma...

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Wednesday, May 2, 2012

GRP Re-Ups On DataSift

Los Angeles-based venture capital investor GRP Partners has re-upped its investment in social data analytics firm DataSift, in a Series A follow-on announced this morning. DataSift said that existing investors GRP Partners and IA Ventures i...

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Tuesday, May 1, 2012

Paul Bricault Backs Phone Security Firm

Paul Bricault, the head of local Los Angeles business accelerator Amplify, is one of the backers of a phone security firm which is looking to reduce phone-based fraud. According to Atlanta-based Pindrop Security, it raised $1M in a seed fun...

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Tuesday, May 1, 2012

EcoATM Raises $17M

San Diego-based EcoATM, the developer of kiosks to help people trade in their old mobile phones and devices for cash, store credit, or gift cards, has raised $17M in a Series B funding round. The round came from Coinstar, PI Holdings, Moore...

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Monday, April 30, 2012

Grid2Home Connects Into $2.0M More

San Diego-based Grid2Home, which develops smart energy management software, has raised $2.0M in an equity funding, according to a regulatory filing from the firm. Source of the new funding was not disclosed. Grid2Home develops network proto...

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Monday, April 30, 2012

NanoH2O Lands $60M In Funding

El Segundo-based NanoH2O the developer of high efficiency, reverse osmosis membranes for seawater desalination, announced this morning that it has raised a total of $60M in equity and debt funding. According to the firm, it raised $40M in...

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Friday, April 27, 2012

USC Marshall Awards $50K In Seed Funding Competition

Six companies started by students at the University of Southern California's Lloyd Greif Center for Entrepreneurial Studies at USC Marshall have been awarded a total of $50,000 in seed funding, after competing in the center's New Venture Se...

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Thursday, April 26, 2012

Howard Lindzon Backs SendHub

San Diego angel investor Howard Lindzon, via his Social Leverage fund, has backed a provider of SMS messaging services, SendHub as part of an angel funding round for the company. SendHub said this morning that it has raised $2M in a seed fu...

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Thursday, April 26, 2012

Tech Coast Angels Fund Cadence Biomedical

The Tech Coast Angels has backed the maker of a medical device to help people with severe disabilities to walk. According to Cadence Biomedical, the Tech Coast Angels are among a number of new investors in a $1.1M, Series A2 funding for the...

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Wednesday, April 25, 2012

Pasadena Angels Back Scientific Equipment Startup

The Pasadena Angels have backed developer of protein analysis equipment for the drug discovery and research market, investing $475,000 in a Series B for Wasatch Microfluidics, the group said this week. Wasatch Biofluidics is developing prin...

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Wednesday, April 25, 2012

RainTree Oncology Gets $11.1M

San Diego-based RainTree Oncology Services, a provider of systems which help oncologists to purchase oral drugs, manage inventories, track prescriptions, and monitor patients, has raised $11.1M, the firm said late Tuesday. The firm said the...

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Wednesday, April 25, 2012

Independa Raises $2.35M

San Diego-based Independa, which develops remote health management and monitoring systems for the elderly, said today that it has raised $2.35M in a convertible note funding. The firm said the round included Miramar Venture Partners and Cit...

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Tuesday, April 24, 2012

Amgen Re-Ups On miRagen

Amgen Ventures, the venture capital arm of Thousand Oaks-based Amgen, has re-upped on an investment in a biopharmaceuticals developing microRNA-based treatments for cardiovascular and muscle disease. According to miRagen Therapeutics, it ha...

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Tuesday, April 24, 2012

Clearstone Portfolio Firm Cetas Acquired By VMware

Santa Monica-based Clearstone Ventures has had another exit in its portfolio, this time with the acquisition of Cetas, a developer of cloud data analytics software, by VMware. Financial terms of the acquisition were not disclosed. Cetas was...

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Tuesday, April 24, 2012

SocialAnnex Backed By Who's Who Of SoCal Angels

Los Angeles-based SocialAnnex, a startup helping online retailers to use social media to spur sales, has scored a round of funding from a who's who of Southern California technology angels, the firm said Tuesday. According to SocialAnnex, K...

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Tuesday, April 24, 2012

DataPop Raises $7M

Los Angeles-based DataPop, the developer of advertising targeting technology headed byJason Lehmbeck, has raised $7M in a Series B funding round, the firm said today. The funding was led by MK Capital, and also included prior investors Rinc...

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Monday, April 23, 2012

Viddy Adds Celebrities To Investor Roster

Venice-based Viddy, the developer of a mobile app used to share videos over social networks, has added a number of celebrities to its list of investors. The firm--which just raised a $6M venture round in February--apparently has added celeb...

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Friday, April 20, 2012

Playsino Gets $1.5M For Casino Games

Los Angeles-based Playsino--which, until recently, was known as Titan Gaming--said Friday that it has raised $1.5M in a new funding round. The firm said the firm will go to support building the largest, social casino game publisher on both ...

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Thursday, April 19, 2012

Qualcomm Backs Video Chat Service Tango

San Diego-based Qualcomm is backing a developer of mobile video chat services, Tango, via its Qualcomm Ventures arm, the two companies announced today. According to Tango, it has raised $40M in a Series C funding round, led by Qualcomm Inco...

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Thursday, April 19, 2012

Lifecrowd Finds $5M From Groupon Founders, Others

Santa Monica-based LifeCrowd, the social activities website headed by Bong Koh, has raised $5M in a initial funding round, the company is announcing today. The startup, which offers up a website which helps consumers find fun activities in ...

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Wednesday, April 18, 2012

uSamp Raises $6.0M

Encino-based uSamp, the online panel and sampling firm founded by Matthew Dusig and Gregg Lavin, has raised $6.0M as part of a new funding round, according to a regulatory filing by the firm this week. According to the filing, the funding i...

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Wednesday, April 18, 2012

2tor Gets $10M Line Of Credit

2tor, the provider of online, graduate program and courses which has strong links to the University of Southern California, has scored a $10M revolving line of credit, the firm said today. According to 2tor, the credit line comes from Comer...

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Wednesday, April 18, 2012

Eucalyptus Systems Raises $30M

Santa Barbara-based Eucalyptus Systems, the cloud computing software developer headed by Marten Mickos, has raised $30M in a Series C round of funding, the firm announced this morning. According to Eucalyptus, the round was led by Instituti...

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Wednesday, April 18, 2012

CapLinked Adds Team Accounts

Manhattan Beach-based CapLinked, the developer of an online service to help companies manage their fundraising efforts, said this morning that it has launched a new type of account on the service. The company said its new TEAM subscription ...

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Friday, April 13, 2012

EndPlay Raises $21.5M For Content Management Systems

Los Angeles-based EndPlay, a developer of software-as-a-service offerings for content management, said today that it has raised $21.5M in total funding for the firm. The company said it recently closed a round of funding from VantagePoint C...

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Friday, April 13, 2012

StyleSaint Gets Funding

Venice, California-based StyleSaint, an online site which allows users to create their own collections of styles, photos, and other fashion information, has scored funding from Crosscut Ventures. Details on the funding have not yet been ann...

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Thursday, April 12, 2012

H.Bloom, Backed By Brian Lee, Gets More Funding

New York-based online subscription flower delivery service H.Bloom, whose backers include Los Angeles entrepreneur Brian Lee, who founded ShoeDazzle and LegalZoom, has scored another round of funding, the firm said Thursday. H.Bloom raised ...

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Thursday, April 12, 2012

SkuRun Gets Seeded

Los Angeles-based SkuRun, a startup developer of mobile software used to manage sales, marketing, and other collateral, said Thursday that it has raised a seed round of funding. Size of the round was not announced. The firm said the funding...

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Thursday, April 12, 2012

Tioga Pharmaceuticals Gets $10M

San Diego-based Tioga Pharmaceuticals, a developer of biopharmaceuticals for treating irritable bowel syndrome, said today that it has raised $10M in a Series B funding round. The round was led by Thomas, McNerney & Partners, which also inc...

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Thursday, April 12, 2012

PayDragon Takes On Mobile Payments

Looking to make it easier to pay for local items using their mobile phone, Los Angeles-based PayDragon said today that it has launched its mobile purchasing app in Los Angeles. The startup--headed by Hamilton Chan, and the team behind Pape...

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Thursday, April 12, 2012

Mention Mobile Gets More Funding From Mark Cuban

Los Angeles-based mobile games developer Mention Mobile, a developer of social gaming applications, reported today that it has scored a second round of funding from Mark Cuban. Size of the new investment in the company was not announced. Me...

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Wednesday, April 11, 2012

Insights and Opinions: The Key to Success with Angel Investors

What's the best way to connect with an angel investor, and how do you get them to pay attention to your company? Steve Reich, a Southern California entrepreneur and investor, says it's all about one thing: respecting their culture. In the l...

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Tuesday, April 10, 2012

E-Band Communications Finds New Funding

San Diego-based E-Band Communications, a developer of 80 GHz wireless backhaul products for the 4G and LTE telecommunications network market, said this morning that it has raised a new round of funding.Size of the funding, and source were n...

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Monday, April 9, 2012

WaveTec Vision Gets $16.5M For Cataract Surgery

Aliso Viejo-based WaveTec Vision, which is developing diagnostic devices for cataract surgery, said monday that it has raised $16.5M more in funding. The funding was led by Burrill & Company, and also included Versant Ventures, Accuitive Me...

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Monday, April 9, 2012

Kuapay Takes On Mobile Payments, Loyalty With $2M

Santa Monica-based Kuapay, a new startup aiming at the mobile payments and loyalty markets, has scored $2M in funding, the firm has disclosed. The startup is headed by Joaquin Ayuso de Paul, one of the angel investors in Border Stylo and co...

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Monday, April 9, 2012

DogVacay Gets Direct Competition: Rover.com

Santa Monica-based DogVacay, the online marketplace which helps dog owners connect with pet lovers to help watch their dogs, has some new competition today: Rover.com. According to Seattle-based Rover.com, it has just scored $3.4M from Madr...

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Wednesday, April 4, 2012

WittleBee Raises $2.5M For Children's Clothing Subscriptions

Los Angeles-based WittleBee, the children's clothing site headed by Sean Percival, announced Wednesday afternoon that it has raised $2.5M in a seed funding round. The round was led by Rincon Ventures, and also included SoftTech, Google Ve...

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Wednesday, April 4, 2012

Ranker Finds More Funding

Los Angeles-based Ranker, the online rankings website where consumers can rank anything they like, has scored a new round of funding, in an inside round. Size of the round was not disclosed. The funding came from Siemer Venture Capital, Rin...

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Wednesday, April 4, 2012

Mogreet Gets $4.1M More

Los Angeles-based Mogreet, the provider of mobile video marketing services which is run by James Citron, said this morning that it has raised $4.1M in a strategic investment round. The round was led by Black Diamond Ventures, and also inclu...

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Wednesday, April 4, 2012

Siemer Ventures Backs 3D Fashion Games Startup

Los Angeles-based Siemer Ventures, the venture capital firm linked with investment bank Siemer & Associates, has invested in a Hong Kong 3D games startup, Frenzoo. Financial details of the investment were not announced. Siemer said it inves...

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Tuesday, April 3, 2012

Ayannah Gets Funding For Mobile Payments

Laguna Hills-based Ayannah, a developer of mobile payment products for emerging markets, has scored a round of funding, according to investor Siemer Ventures. Size of the round, and details of other investors, was not announced. Ayannah als...

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Tuesday, April 3, 2012

CapLinked Enhances Search Tools

Manhattan Beach-based CapLinked said this morning that it has enhanced its online service for helping startups to manage their fundraising efforts, with a new tool to help find people. The firm said the new tool is aimed at helping users fi...

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Monday, April 2, 2012

HipSwap Reveals Funding From Greycroft, Founders Fund

Los Angeles-based HipSwap, the online, fashion focused marketplace which launched earlier in March, has revealed that it has raised $1.1M in a seed funding round from the Founders Fund and Greycroft Partners. The firm--which launched at SXS...

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Monday, April 2, 2012

Yet Another LA Incubator Opens: Io/LA

If the Los Angeles accelerator/incubator market is not yet crowded enough, Hollywood-based io/LA opened its doors over the weekend, looking to recruit a class of five to six companies in a three month mentorship program. The new incubator, ...

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Monday, April 2, 2012

Report: Fisker Automotive Boosts Fundraising Plans By $200M More

Irvine-based Fisker Automotive is hoping to raise $200M more in a current funding round, according to a report today, and has now raised around $1 billion in private funding. The report game from GigaOm, which untangled the pile of regulato...

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Thursday, March 29, 2012

Quarterly Gets $1.25M

In yet more money for the subscription e-commerce sector in Los Angeles, Quarterly, a startup which delivers monthly, curated gifts from cultural influencers via subscription, has raised $1.25M in a funding round. The funding was first disc...

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Thursday, March 29, 2012

Praedicat Raises $8.0M, Spins Out Of RAND

Culver City-based Praedicat, a spinout of the RAND Corporation, has raised $8.0M as part of its formation, according to a regulatory filing from the firm this week. The new company--which was announced by the RAND Corporation and Risk Manag...

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Thursday, March 29, 2012

Games2Win Finds New Investor

Games2Win, the provider of online casual games backed by Clearstone Venture Partners, has scored an investment from Nirvana Venture Advisors, according to a number of Indian business publications. The firm is one of the companies which Clea...

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Wednesday, March 28, 2012

Sientra Gains $65M

Santa Barbara-based Sientra, a developer of FDA-approved, silicone breast implants, said Wednesday that it has raised $65M in a Series C funding round. The funding was led by Abingworth, and also included Clarus Ventures, OrbiMed Advisors, ...

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Wednesday, March 28, 2012

Strand Diagnostics Raises $30 Million From NantWorks

Los Angeles-based NantWorks, the business investment and development firm run by billionaire Patrick Soon-Shiong, has invested $30M in Strand Diagnostics, a developer of a diagnostic and DNA testing service for diagnosing cancer. According ...

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Tuesday, March 27, 2012

Mob Science Raises $1M For Social Gaming

San Diego-based Mob Science, a developer of social Facebook games, said this morning that it has raised $1M in a seed funding round. The round came from David Young, the CEO of Joyent, Mark Surfas of GameSpy Industries, along with other ang...

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Tuesday, March 27, 2012

Insights and Opinions: Five by Five Considerations for Raising Capital

For today's Insights and Opinions section, where we feature contributions, opinions, and editorials from members of the Southern California technology community, we have an advice piece from venture capital veteran Jon Funk, who gives fiv...

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Tuesday, March 27, 2012

ImaginAb Raises $12.5M

Los Angeles-based ImaginAb, a UCLA spinout which is developing antibody fragments for use in the diagnostic imaging market, said late last night that it has raised $12.5M in a Series A financing round. The round was led by Novartis Venture ...

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Thursday, March 22, 2012

Anaphore Buys Chinese Firm, Gains $15M In Funding

La Jolla-based Anaphore, a startup biopharmaceuticals developer, said today that it has acquired a Chinese firm, RuiYi Inc., and closed on the second tranche of its Series A financing, worth $15M. Anaphore said it acquired RuiYi to gain acc...

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Wednesday, March 21, 2012

New Incubator, Frost Venture Partners, Targets Big Data

Adding another group to the growing list of Southern California startup accelerators and incubators, a new, Orange County incubator, Frost Venture Partners, looks to be gearing up to tackle the "big data" market. The new incubator, headed b...

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Wednesday, March 21, 2012

Verve Wireless Raises $7.0M

Encinitas-based Verve Wireless, the developer of mobile publishing software used by newspapers and other local publishers to serve up mobile news and ads, has raised $7.0M as part of an ongoing, $10M funding round, according to a regulatory...

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Wednesday, March 21, 2012

PromoJam Raises $1.2M

Los Angeles-based PromoJam, a developer of enterprise, social marketing tools, has raised $1.2M in a Series A investment, the firm said today. The round was led by Golden Seeds, and also included the Band of Angels. According to the company...

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Wednesday, March 21, 2012

Interview with Paul Bricault, Amplify

If you're looking get your startup off the ground in Los Angeles, it always helps to have help from folks with connections to the venture and angel community. One of the accelerators which recently set up shop in town which does is Ampli...

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Wednesday, March 21, 2012

Nuage Raises $500K

Los Angeles-based Nuage, a developer of social business collaboration software, announced this morning that it has raised $500,000 in a funding round. Names of the private investors participating in the funding was not disclosed. The firm s...

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Tuesday, March 20, 2012

Dog Vacay Announces Funding Round

Santa Monica-based Dog Vacay, the online person-to-person marketplace for dog boarding, has formally announced new investors in the firm, who are joining in its $1M seed funding round. The company--which had already disclosed the investment...

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Tuesday, March 20, 2012

Gridtest Systems Gets Seeded

Los Angeles-based Gridtest Systems, a developer of measurement tools for the electric vehicle (EV) market, said this morning that it has raised a seed round of funding from the Pasadena Angels and the Tech Coast Angels. Financial terms of t...

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Monday, March 19, 2012

gen-E Scores Private Equity Investment

San Clemente-based Gen-E, a developer of IT process automation software, said Monday that it has received a private equity investment from Solis Capital Partners. Financial terms of the investment were not disclosed. According to the compan...

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Friday, March 16, 2012

Crosscut Ventures Raising Second Fund

Los Angeles-based Crosscut Ventures, the early stage, venture capital investment firm run by Rick Smith and Brian Garrett, looks to be kicking off a new fund, according to an SEC filing this week. Details on the fund size were not included ...

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Thursday, March 15, 2012

Live Nation Sets Up Venture Investment Fund

Los Angeles-based ticketing and concert management firm Live Nation is getting into the early stage investment business, announcing Wednesday that it has established the LN Labs Fund, which will invest in early stage technologies and entrep...

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Thursday, March 15, 2012

Mark Burnett Invests In Youtoo

Los Angeles-based reality show producer Mark Burnett, and his company One Three Television LLC announced this morning that it has taken an ownership interest in startup Youtoo. Youtoo operates an online site which allows viewers to upload v...

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Monday, March 12, 2012

HemaQuest Pharmaceuticals Gets $13M

San Diego-based HemaQuest Pharmaceuticals said today that it has raised $13M in a Series B funding. The firm, which is developing small molecule therapeutics for treating hemoglobin disorders such as sickle cell disease, said the funds come...

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Monday, March 12, 2012

Allylix Raises $18.2M

San Diego-based Allylix, developer of chemicals used for the flavor and fragrance, food, cosmetics, and other markets, has raised $18.2M in a funding round, according to lead investor BASF Venture Capital GmbH. According to BASF, it invest...

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Friday, March 9, 2012

Quest Software To Go Private In $2.0 Billion Deal

Aliso Viejo-based Quest Software plans to go private, in a deal worth $2.0 billion, the firm said this morning. According to Quest, it has reached a deal with Insight Venture Partners, where shareholders will get $23.00 per share to make th...

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Thursday, March 8, 2012

NationBuilder Raises $6.3M

Los Angeles-based NationBuilder, a startup developing an online system to help political candidates and other organizations to create web sites, organize volunteers, coordinate campaigns, and more, said Thursday that it has raised $6.3M in ...

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Thursday, March 8, 2012

Oblong Industries Raises Series B

Los Angeles-based Oblong Industries, the developer of gesture-based user interfaces which inspired the UI in the movie The Minority Report, has raised a Series B round of funding. Size of the round was not announced. The funding came from M...

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Thursday, March 8, 2012

Triptrotting Raises $1M

Pasadena-based Triptrotting, which operates an online service to help connect travelers with local hosts, has raised $1M in a Series A funding, the firm said this morning.The funding came from Google Ventures, Mark Suster, 500 Startups, WI ...

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Wednesday, March 7, 2012

USC Stevens Gives $498,700 To Six Projects

In a bid to spur more startups out of the University of Southern California, the USC Stevens Institute for Innovation said Wednesday that it has awarded $498,700 to six research projects. The USC Stevens Institute--which was founded with si...

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Wednesday, March 7, 2012

Eccentex Raises $7.5M

Culver City-based Eccentex, a developer of a software-as-a-service, enterprise business process management product, has raised $7.5M in an equity funding. The funding came from VTB Capital. Eccentex, which is led by Glen E. Shrank, the form...

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Wednesday, March 7, 2012

Sequent Medical Raises $26.0M

Aliso Viejo-based Sequent Medical, a developer of medical devices used to treat aneurysms, has raised $26.0M in a venture financing round. The firm said the Series C was led by Delphi Ventures, and also included Versant Ventures, US Venture...

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Tuesday, March 6, 2012

LAUNCH Conference Tops $1M In Prizes

The LAUNCH Conference, the technology startup launch conference organized by Mahalo CEO Jason Calacanis, has just surpassed $1 million in prizes, Calacanis said Tuesday afternoon. The conference--which has been stacking up prizes all month-...

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Tuesday, March 6, 2012

SignNow Raises $2M For iPad Signature App

Newport Beach-based SignNow, a developer of iPad applications which allows users to legally sign documents from the Apple device, said today that it has raised $2M in a Series A funding round. The round was led by Khosla Ventures. SignNow i...

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Tuesday, March 6, 2012

Domain Associates Inks $760M Deal With Russian Fund

San Diego-based life sciences investor Domain Associates has inked a unique lifeline for the later stage life sciences companies its its portfolio: it's brokered a deal worth more than $760M, to help fund its portfolio firms from the Russia...

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Tuesday, March 6, 2012

Aragon Pharmaceuticals Scores $42M

San Diego-based Aragon Pharmaceuticals reports this morning that the firm has raised $42M in a Series C, funding round. The firm, which is developing treatments targeting hormone-driven cancers, said the round was led by Topspin Fund, the i...

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Monday, March 5, 2012

Nasty Gal Gains $9M For Online Fashion

Los Angeles-based Nasty Gal, an online fashion retailer which focuses on vintage clothing, said Monday that it has raised $9M in a funding round. The round came from Index Ventures. Nasty Gal is led by Sophia Amoruso, who started the compan...

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Friday, March 2, 2012

Report: Machinima Seeking $50M In Funding

Los Angeles-based online content producer Machinima, which produces videogame related content for YouTube, is reportedly seeking $50M in funding, at a $200M to $250M valuation, according to reports today. The firm, which is led by Allen DeB...

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Thursday, March 1, 2012

Shea Ventures Backs SolarCity

Shea Ventures, the venture capital arm of Orange County homebuilder Shea Homes, has boosted its solar installation partner SolarCity, as part of an $81M equity investment in SolarCity. According to SolarCity, the big funding round was led b...

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Wednesday, February 29, 2012

Yammer Dwarfs Parent Geni In Fundraising Round

In the case of the kid getting much (much) larger than its parent, Yammer, the one time spinout of Los Angeles-based genealogy and family tree website Geni, has now squarely out-raised venture capital than its parent firm, saying Wednesday ...

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Tuesday, February 28, 2012

GoodRx Gets Funding, Launches Drug Comparison Site

Santa Monica-based GoodRx, a new startup backed by Founders Fund, GRP Partners, Highland Capital, SV Angel, Lerer Ventures, Dawn Lepore (drugstore.com), and Mike Ovitz, has launched its services, saying that it will allow users to compare p...

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Monday, February 27, 2012

XCOR Aerospace Raises $5M

Mojave-based XCOR, which is developing reusable, rocket powered vehicles aimed at the commercial space market, said Monday that it has raised $5M in an equity round of funding. The funding came from Silicon Valley angels Esther Dyson, Pete ...

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Monday, February 27, 2012

Luxtera Adds $21.7M

Carlsbad-based Luxtera, which develops silicon CMOS photonic semiconductors, announced this morning that it has raised $21.7M in a Series C funding round. The round came from current investors NEA, August Capital, Sevin Rosen, Funds, and Lu...

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Monday, February 27, 2012

Meteor Entertainment Raises $10M

Meteor Entertainment, a developer of a downloadable, online shooting game called Hawken, has raised $10M in funding, according to reports. Source of the funding included Benchmark Capital and FirstMark Capital. Hawken is being developed by ...

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Monday, February 27, 2012

Punchcard Raises $1M

Pasadena-based Punchcard, the newly launched startup developing mobile, loyalty programs for retailers, said this morning that it has raised $1M from Idealab. Punchcard, which is headed by Andy Steuer, offers up iPhone and Android apps whic...

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Friday, February 24, 2012

Milyoni Finds Funding, Sets Up LA Office

A Bay area developer of social entertainment applications for Facebook, Milyoni, said Friday that it has scored $11M in a funding round, in part to open up an office in Los Angeles. The firm said the Series B funding was led by Oak Investme...

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Thursday, February 23, 2012

Fanattac Gets $1M, Tackles Social Media, Music

Hollywood-based Fanattac, a developer of an online, social media platform which looks to connect music fans and artists, has raised $1M in a funding round. The firm, which is headed by Dan Faiman, did not disclose the names of the investors...

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Wednesday, February 22, 2012

mobileStorm Gets Debt Funding

Los Angeles-based mobileStorm, the provider of mobile messaging and email marketing services headed by Jared Reitzin, has scored a venture debt funding, according to provider Agility Capital. Financial details of the funding and terms were ...

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Tuesday, February 21, 2012

Qualcomm Life Invests In Wireless Healthcare Firm

San Diego-based Qualcomm Life, the wireless health-focused subsidiary of Qualcomm, reported today that it has made an investment in wireless healthcare startup AirStrip Technologies. Financial details of the investment were not disclosed. Q...

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Friday, February 17, 2012

OWL Biomedical Raises $3.0M

Santa Barbara-based OWL Biomedical, a developer of microchip-based disposable cell sorting technology for the biomedical industry, has raised $3.0M, part of an ongoing funding with a target of $16.8M, according to regulatory filings. OWL is...

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Friday, February 17, 2012

Greycroft, Local Angels Back Fight My Monster

Los Angeles- and New York-based venture firm Greycroft Partners has backed a UK-based developer of an online, card trading game called Fight My Monster, the firm said Thursday. Financial terms of the investment were not disclosed. Other inv...

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Friday, February 17, 2012

July Systems Raises $15M

Los Angeles-based July Systems, a developer of mobile, cloud-based applications, said Thursday that it has raised $15M in an equity funding round. The round was led by Updata Partners, and also included Intel Capital and WestBridge Capital....

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Thursday, February 16, 2012

The Backplane Snags Investors

The Backplane, a developer of online community software, which is best known for its work creating Lady Gaga's #Little Monsters website, said Thursday that it has raised $4.5M in a funding round. The round include Sequoia Capital, Greylock ...

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Thursday, February 16, 2012

CODA Automotive Raises $21.5M, Targets $150M In New Financing

Santa Monica-based CODA Automotive, the developer of electric vehicles and battery systems, has raised $21.5M in new, equity funding, with plans to raise a total of $150M, according to a regulatory filing by the firm this week. The funding ...

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Thursday, February 16, 2012

Celladon Gets $43M For Heart Failure Treatments

La Jolla-based Celladon Corporation, a developer of biopharmaceuticals targeting cardiovascular disease, said Wednesday afternoon that it has raised $43M in a financing round. The round was led by Pfizer Venture Investments, and also includ...

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Wednesday, February 15, 2012

Tech Coast Angels Fuel $45M In Deals In 2011

The Tech Coast Angels, the largest organized angel investment group in Southern California--and the nation--said Wednesday that it was part of $45M in funding in companies during last year, with $11M directly invested across 37 companies du...

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Wednesday, February 15, 2012

Scripted.com Finds $150K

Scripted.com, the online marketplace for freelance writers which has a number of Southern California angel investors, said Wednesday that it has raised another $150,000 in funding. The firm--which grew out of the efforts of USC and UCLA gra...

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Wednesday, February 15, 2012

Greycroft Adds Venture Partner Covering LA

Venture capital firm Greycroft Partners, which is fairly active in the Los Angeles area, said today that it has added a new venture partner, who will spend time in both New York and Los Angeles. The firm said it has added Bo Peabody as Vent...

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Wednesday, February 15, 2012

FileTrek Raises $10M

Los Angeles-based FileTrek, a developer of cloud-based, enterprise, file sharing and tracking software, said today that it has raised $10M in a Series B funding round. The round was led by Anthem Venture Partners, Telesystem, and the Ontari...

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Tuesday, February 14, 2012

Parchment Finds $6M

Parchment, the startup which operates Docufide, a service to help transfer high school transcripts to colleges and universities, said Monday that it has raised $6M in funding. Parchment--which started in Los Angeles, and continues to have o...

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Thursday, February 9, 2012

Qualcomm Backs Mobile Healthcare Firm

San Diego-based Qualcomm has backed a developer of remote, healthcare monitoring devices. According to AirStrip Technologies, a developer of medical devices which can be used to remotely monitor the heart EKGs, blood pressure, temperature, ...

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Wednesday, February 8, 2012

Startup Looks To Take On United Online's Classmates.com

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...

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Tuesday, February 7, 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...

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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...

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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...

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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...

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Monday, February 6, 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...

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Friday, February 3, 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...

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Thursday, February 2, 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...

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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...

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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...

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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...

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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...

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Wednesday, February 1, 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...

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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...

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Tuesday, January 31, 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....

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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...

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Monday, January 30, 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...

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Wednesday, January 25, 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, ...

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Tuesday, January 24, 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...

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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...

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Friday, January 20, 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...

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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...

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Tuesday, January 17, 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 ...

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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...

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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...

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Wednesday, January 11, 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...

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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...

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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...

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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...

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Tuesday, January 10, 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...

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Monday, January 9, 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 ...

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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 ...

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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...

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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...

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Friday, January 6, 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...

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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 ...

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Thursday, January 5, 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...

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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...

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Wednesday, January 4, 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...

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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...

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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...

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Tuesday, January 3, 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...

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Thursday, December 29, 2011

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...

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Wednesday, December 21, 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...

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Tuesday, December 20, 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 ...

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Monday, December 19, 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...

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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...

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Wednesday, December 14, 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...

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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 ...

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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...

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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...

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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...

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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...

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Tuesday, December 13, 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...

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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...

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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 ...

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Monday, December 12, 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...

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Friday, December 9, 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...

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Tuesday, December 6, 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...

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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...

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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...

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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...

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Monday, December 5, 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...

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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...

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Friday, December 2, 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...

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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...

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Thursday, December 1, 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 ...

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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...

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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...

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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 ...

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Wednesday, November 30, 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 ...

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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...

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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,...

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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...

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Tuesday, November 29, 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 ...

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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...

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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...

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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...

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Wednesday, November 23, 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...

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Thursday, November 17, 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...

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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...

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Wednesday, November 16, 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...

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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...

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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...

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Tuesday, November 15, 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...

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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...

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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 ...

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Thursday, November 10, 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...

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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...

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Wednesday, November 9, 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 ...

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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,...

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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...

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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...

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Tuesday, November 8, 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...

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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. ...

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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...

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Monday, November 7, 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...

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Thursday, November 3, 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...

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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...

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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...

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Wednesday, November 2, 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...

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Monday, October 31, 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...

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Friday, October 28, 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...

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Thursday, October 27, 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...

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Tuesday, October 25, 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...

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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...

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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...

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Monday, October 24, 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...

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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...

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Friday, October 21, 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...

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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...

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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...

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Thursday, October 20, 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...

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Wednesday, October 19, 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...

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Tuesday, October 18, 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...

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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...

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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...

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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...

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Thursday, October 13, 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...

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Tuesday, October 11, 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...

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Thursday, October 6, 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 ...

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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...

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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...

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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...

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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 ...

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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...

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Wednesday, October 5, 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...

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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...

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Tuesday, October 4, 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...

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Monday, October 3, 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...

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Friday, September 30, 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...

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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...

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Thursday, September 29, 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...

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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...

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Wednesday, September 28, 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...

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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...

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Tuesday, September 27, 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 ...

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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...

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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...

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Monday, September 26, 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...

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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...

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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...

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Thursday, September 22, 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...

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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 ...

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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...

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Wednesday, September 21, 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...

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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...

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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...

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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....

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Tuesday, September 20, 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...

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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...

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Monday, September 19, 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...

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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...

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Friday, September 16, 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...

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Thursday, September 15, 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...

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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...

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Wednesday, September 14, 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...

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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...

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Tuesday, September 13, 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 ...

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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...

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Monday, September 12, 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...

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Thursday, September 8, 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...

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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...

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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...

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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...

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Wednesday, September 7, 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...

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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 ...

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Tuesday, September 6, 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...

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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...

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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...

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Friday, September 2, 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...

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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...

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Wednesday, August 31, 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, ...

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Tuesday, August 30, 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...

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Monday, August 29, 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...

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Thursday, August 25, 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...

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Wednesday, August 24, 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...

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Tuesday, August 23, 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 ...

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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...

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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...

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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 ...

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Thursday, August 18, 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...

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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...

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Wednesday, August 17, 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...

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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...

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Tuesday, August 16, 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...

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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...

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Monday, August 15, 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...

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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...

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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 ...

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Thursday, August 11, 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 ...

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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...

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Tuesday, August 9, 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...

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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 ...

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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...

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Monday, August 8, 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...

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Thursday, August 4, 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...

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Wednesday, August 3, 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...

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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...

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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...

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Tuesday, August 2, 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...

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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...

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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...

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Monday, August 1, 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...

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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...

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Friday, July 29, 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...

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Wednesday, July 27, 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...

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Tuesday, July 26, 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 ...

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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...

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Monday, July 25, 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...

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Friday, July 22, 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...

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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...

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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...

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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...

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Thursday, July 21, 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...

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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 ...

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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...

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Wednesday, July 20, 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...

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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...

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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 ...

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Tuesday, July 19, 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 ...

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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...

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Friday, July 15, 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...

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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...

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Thursday, July 14, 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...

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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...

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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...

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Wednesday, July 13, 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...

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Tuesday, July 12, 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...

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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,...

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Monday, July 11, 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...

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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...

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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...

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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...

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Friday, July 8, 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 ...

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Thursday, July 7, 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 ...

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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...

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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...

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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 ...

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Wednesday, July 6, 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...

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Friday, July 1, 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, ...

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Thursday, June 30, 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...

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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...

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Wednesday, June 29, 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...

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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...

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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...

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Tuesday, June 28, 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...

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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...

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Monday, June 27, 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 ...

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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...

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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...

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Friday, June 24, 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...

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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...

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Thursday, June 23, 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. ...

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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 ...

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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 ...

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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...

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Tuesday, June 21, 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...

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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...

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Monday, June 20, 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...

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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,...

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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...

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Friday, June 17, 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...

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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...

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Thursday, June 16, 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...

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Wednesday, June 15, 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...

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Friday, June 10, 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 ...

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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-...

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Thursday, June 9, 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...

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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...

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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...

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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 ...

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Wednesday, June 8, 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...

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Tuesday, June 7, 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...

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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...

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Monday, June 6, 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...

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Friday, June 3, 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 ...

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Thursday, June 2, 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 ...

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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...

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Wednesday, June 1, 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 ...

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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...

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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...

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Tuesday, May 31, 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...

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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...

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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...

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Friday, May 27, 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...

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Thursday, May 26, 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...

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Wednesday, May 25, 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...

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Tuesday, May 24, 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...

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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 ...

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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...

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Monday, May 23, 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...

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Friday, May 20, 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...

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Wednesday, May 18, 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...

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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...

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Tuesday, May 17, 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...

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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...

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Monday, May 16, 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...

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Friday, May 13, 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...

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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...

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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 ...

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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...

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Wednesday, May 11, 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...

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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...

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Tuesday, May 10, 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...

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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...

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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...

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Monday, May 9, 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...

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Friday, May 6, 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...

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Thursday, May 5, 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"...

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Wednesday, May 4, 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...

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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 ...

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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...

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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...

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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...

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Monday, May 2, 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...

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Thursday, April 28, 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...

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Wednesday, April 27, 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...

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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...

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Tuesday, April 26, 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...

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Monday, April 25, 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...

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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...

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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...

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Friday, April 22, 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 ...

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Thursday, April 21, 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...

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Wednesday, April 20, 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...

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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 ...

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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...

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Tuesday, April 19, 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 ...

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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...

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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...

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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...

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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...

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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 ...

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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...

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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...

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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...

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Friday, April 15, 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...

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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...

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Thursday, April 14, 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...

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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...

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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...

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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...

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Wednesday, April 13, 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...

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Tuesday, April 12, 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...

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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 ...

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Monday, April 11, 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...

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Friday, April 8, 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 (...

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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 ...

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Thursday, April 7, 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...

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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...

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Wednesday, April 6, 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...

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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...

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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...

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Tuesday, April 5, 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...

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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...

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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...

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Monday, April 4, 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 ...

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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...

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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...

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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...

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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...

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Thursday, March 31, 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...

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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...

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Wednesday, March 30, 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...

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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...

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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...

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Tuesday, March 29, 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...

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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...

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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...

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Friday, March 25, 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...

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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...

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Thursday, March 24, 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...

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Wednesday, March 23, 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...

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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...

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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...

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Tuesday, March 22, 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...

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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 ...

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Thursday, March 17, 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...

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Wednesday, March 16, 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...

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Tuesday, March 15, 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...

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Thursday, March 10, 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,...

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Wednesday, March 9, 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...

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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...

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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...

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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...

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Tuesday, March 8, 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...

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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....

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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...

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Monday, March 7, 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...

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Friday, March 4, 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...

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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...

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Thursday, March 3, 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...

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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...

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Wednesday, March 2, 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...

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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...

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Tuesday, March 1, 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...

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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...

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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...

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Monday, February 28, 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 ...

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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...

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Friday, February 25, 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, ...

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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 ...

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Thursday, February 24, 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...

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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...

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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...

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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...

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Wednesday, February 23, 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...

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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...

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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 ...

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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-...

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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 ...

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Tuesday, February 22, 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...

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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...

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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 $...

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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...

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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...

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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 ...

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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...

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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...

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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...

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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...

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Friday, February 18, 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...

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Wednesday, February 16, 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 ...

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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...

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Tuesday, February 15, 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'...

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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...

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Monday, February 14, 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....

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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...

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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...

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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 ...

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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...

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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...

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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...

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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...

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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...

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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...

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Thursday, February 10, 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...

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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...

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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...

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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...

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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...

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Wednesday, February 9, 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...

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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...

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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...

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Tuesday, February 8, 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...

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Monday, February 7, 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...

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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...

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Friday, February 4, 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...

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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...

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Thursday, February 3, 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...

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Tuesday, February 1, 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 $...

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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...

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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...

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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. ...

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Monday, January 31, 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...

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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...

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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 ...

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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...

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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...

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Friday, January 28, 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...

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Thursday, January 27, 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 ...

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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...

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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 ...

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Wednesday, January 26, 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...

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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...

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Tuesday, January 25, 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...

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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...

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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...

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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...

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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 ...

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Monday, January 24, 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...

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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...

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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...

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Friday, January 21, 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...

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Thursday, January 20, 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 ...

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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 ...

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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 ...

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Wednesday, January 19, 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 ...

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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 ...

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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...

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Tuesday, January 18, 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...

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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 ...

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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...

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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...

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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...

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Monday, January 17, 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 ...

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Friday, January 14, 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...

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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....

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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...

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Wednesday, January 12, 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...

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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...

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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 ...

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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...

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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...

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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...

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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...

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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...

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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, ...

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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...

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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...

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Friday, January 7, 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...

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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...

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Thursday, January 6, 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...

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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...

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Wednesday, January 5, 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...

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Tuesday, January 4, 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...

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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...

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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...

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Monday, January 3, 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...

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Thursday, December 30, 2010

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'...

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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'...

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Wednesday, December 29, 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...

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Tuesday, December 28, 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...

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Monday, December 27, 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'...

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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...

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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...

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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...

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Thursday, December 23, 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...

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Wednesday, December 22, 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...

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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 ...

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Tuesday, December 21, 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 ...

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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...

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Monday, December 20, 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 ...

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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...

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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...

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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...

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Friday, December 17, 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 ...

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Thursday, December 16, 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...

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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...

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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...

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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 ...

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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...

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Tuesday, December 14, 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...

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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...

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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...

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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...

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Monday, December 13, 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...

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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...

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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...

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Thursday, December 9, 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...

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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 ...

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Wednesday, December 8, 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...

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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...

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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...

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Tuesday, December 7, 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...

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Monday, December 6, 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 ...

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Thursday, December 2, 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...

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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...

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Wednesday, December 1, 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...

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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...

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Tuesday, November 30, 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...

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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...

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Monday, November 29, 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...

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Thursday, November 18, 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...

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Wednesday, November 17, 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 ...

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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...

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Tuesday, November 16, 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...

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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...

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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...

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Monday, November 15, 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. ...

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Thursday, November 11, 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 ...

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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...

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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...

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Wednesday, November 10, 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...

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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....

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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 ...

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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...

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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...

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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...

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Tuesday, November 9, 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...

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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...

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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 ...

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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...

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Monday, November 8, 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 ...

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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...

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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...

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Thursday, November 4, 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...

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Tuesday, November 2, 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...

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Monday, November 1, 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...

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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...

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Friday, October 29, 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...

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Thursday, October 28, 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...

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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...

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Wednesday, October 27, 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...

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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...

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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...

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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...

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Tuesday, October 26, 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...

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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...

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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...

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Thursday, October 21, 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 ...

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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...

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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...

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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...

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Wednesday, October 20, 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...

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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...

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Tuesday, October 19, 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...

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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...

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Monday, October 18, 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...

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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...

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Thursday, October 14, 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 ...

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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...

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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...

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Wednesday, October 13, 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...

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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...

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Tuesday, October 12, 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...

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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...

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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...

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Monday, October 11, 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...

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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...

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Wednesday, October 6, 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...

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Tuesday, October 5, 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...

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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...

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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...

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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...

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Monday, October 4, 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...

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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...

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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...

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Friday, October 1, 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...

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Wednesday, September 29, 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...

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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...

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Tuesday, September 28, 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...

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Monday, September 27, 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...

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Friday, September 24, 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...

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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...

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Thursday, September 23, 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. ...

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Wednesday, September 22, 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...

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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....

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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...

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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...

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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...

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Monday, September 20, 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...

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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...

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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 ...

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Thursday, September 16, 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...

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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...

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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...

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Wednesday, September 15, 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...

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Tuesday, September 14, 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...

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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...

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Monday, September 13, 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 ...

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Thursday, September 9, 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...

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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...

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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...

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Wednesday, September 8, 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...

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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...

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Tuesday, September 7, 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...

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Friday, September 3, 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...

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Wednesday, September 1, 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...

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Tuesday, August 31, 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 ...

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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...

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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 ...

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Monday, August 30, 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...

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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...

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Friday, August 27, 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...

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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...

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Thursday, August 26, 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...

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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 ...

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Tuesday, August 24, 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...

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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 ...

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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...

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Friday, August 20, 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...

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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...

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Thursday, August 19, 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 ...

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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...

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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. ...

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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...

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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...

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Wednesday, August 18, 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 ...

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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...

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Tuesday, August 17, 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 ...

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Monday, August 16, 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...

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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...

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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...

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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...

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Thursday, August 12, 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...

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Wednesday, August 11, 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...

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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...

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Monday, August 9, 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...

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Tuesday, August 3, 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...

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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...

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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 ...

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Monday, August 2, 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...

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Friday, July 30, 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...

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Thursday, July 29, 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....

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Wednesday, July 28, 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...

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Tuesday, July 27, 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...

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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...

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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...

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Monday, July 26, 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...

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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...

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Friday, July 23, 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 ...

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Thursday, July 22, 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...

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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...

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Wednesday, July 21, 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...

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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...

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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...

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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...

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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...

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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...

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Tuesday, July 20, 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...

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Monday, July 19, 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...

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Friday, July 16, 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...

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Thursday, July 15, 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...

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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...

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Wednesday, July 14, 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...

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Tuesday, July 13, 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...

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Monday, July 12, 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...

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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'...

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Friday, July 9, 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 ...

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Thursday, July 8, 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 ...

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Wednesday, July 7, 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...

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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...

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Tuesday, July 6, 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...

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Friday, July 2, 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...

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Thursday, July 1, 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,...

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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...

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Wednesday, June 30, 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 ...

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Tuesday, June 29, 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...

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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...

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Monday, June 28, 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...

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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...

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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...

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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...

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Friday, June 25, 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...

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Thursday, June 24, 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...

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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 ...

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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 ...

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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...

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Wednesday, June 23, 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...

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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...

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Tuesday, June 22, 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...

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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...

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Thursday, June 17, 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 ...

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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...

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Wednesday, June 16, 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...

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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...

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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...

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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...

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Tuesday, June 15, 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...

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Friday, June 11, 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...

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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...

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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...

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Thursday, June 10, 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...

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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...

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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...

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Wednesday, June 9, 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...

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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 ...

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Tuesday, June 8, 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 ...

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Monday, June 7, 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....

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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...

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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...

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Friday, June 4, 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...

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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...

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Thursday, June 3, 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...

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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...

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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...

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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...

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Wednesday, June 2, 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...

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Tuesday, June 1, 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...

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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...

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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...

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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...

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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...

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Thursday, May 27, 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...

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Wednesday, May 26, 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...

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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...

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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...

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Tuesday, May 25, 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...

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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...

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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...

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Monday, May 24, 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...

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Friday, May 21, 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...

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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...

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Wednesday, May 19, 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...

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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 ...

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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...

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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...

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Tuesday, May 18, 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...

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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...

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Monday, May 17, 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...

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Thursday, May 13, 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...

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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...

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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...

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Wednesday, May 12, 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...

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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...

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Tuesday, May 11, 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...

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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...

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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...

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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...

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Monday, May 10, 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...

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Friday, May 7, 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 ...

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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...

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Thursday, May 6, 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 ...

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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...

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Wednesday, May 5, 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...

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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...

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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 ...

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Monday, May 3, 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...

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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 ...

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Friday, April 30, 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...

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Thursday, April 29, 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...

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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...

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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...

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Tuesday, April 27, 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...

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Monday, April 26, 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...

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Thursday, April 22, 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...

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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...

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Wednesday, April 21, 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...

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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, ...

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Tuesday, April 20, 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...

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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...

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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 ...

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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...

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Monday, April 19, 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...

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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...

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Friday, April 16, 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...

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Thursday, April 15, 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 ...

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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...

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Wednesday, April 14, 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 ...

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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...

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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...

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Tuesday, April 13, 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...

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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...

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Monday, April 12, 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 ...

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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,...

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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...

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Friday, April 9, 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...

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Wednesday, April 7, 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...

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Tuesday, April 6, 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...

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Monday, April 5, 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...

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Thursday, April 1, 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...

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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...

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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...

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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...

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Wednesday, March 31, 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...

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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...

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Tuesday, March 30, 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...

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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...

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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,...

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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...

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Monday, March 29, 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...

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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...

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Thursday, March 25, 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...

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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. ...

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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...

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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...

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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...

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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...

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Wednesday, March 24, 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 ...

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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...

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Tuesday, March 23, 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...

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Monday, March 22, 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...

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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...

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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...

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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...

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Friday, March 19, 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...

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Wednesday, March 17, 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...

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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 ...

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Monday, March 15, 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...

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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...

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Friday, March 12, 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 ...

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Wednesday, March 10, 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...

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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...

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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...

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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...

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Tuesday, March 9, 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...

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Monday, March 8, 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...

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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...

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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...

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Thursday, March 4, 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...

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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...

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Wednesday, March 3, 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...

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Tuesday, March 2, 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 ...

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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...

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Monday, March 1, 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,...

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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...

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Thursday, February 25, 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 ...

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Wednesday, February 24, 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 ...

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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...

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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...

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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...

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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...

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Tuesday, February 23, 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...

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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 ...

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Thursday, February 18, 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...

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Wednesday, February 17, 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 ...

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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 ...

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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...

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Tuesday, February 16, 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...

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Thursday, February 11, 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...

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Wednesday, February 10, 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...

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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...

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Tuesday, February 9, 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...

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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 ...

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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...

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Monday, February 8, 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...

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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...

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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...

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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...

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Thursday, February 4, 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...

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Wednesday, February 3, 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...

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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...

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Tuesday, February 2, 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...

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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...

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Monday, February 1, 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...

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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...

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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 ...

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Thursday, January 28, 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...

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Wednesday, January 27, 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...

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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...

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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....

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Tuesday, January 26, 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...

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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...

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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...

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Monday, January 25, 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...

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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...

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Friday, January 22, 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...

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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,...

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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...

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Thursday, January 21, 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 ...

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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...

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Wednesday, January 20, 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...

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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...

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Monday, January 18, 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...

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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...

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Thursday, January 14, 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...

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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...

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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...

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Tuesday, January 12, 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...

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Monday, January 11, 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 ...

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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...

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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...

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Friday, January 8, 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...

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Wednesday, January 6, 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...

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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...

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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...

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Tuesday, January 5, 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...

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Monday, January 4, 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...

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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...

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Monday, December 28, 2009

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...

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Monday, December 21, 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...

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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 ...

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Friday, December 18, 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...

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Wednesday, December 16, 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 ...

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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...

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Monday, December 14, 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...

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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...

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Thursday, December 10, 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...

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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...

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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 &...

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Wednesday, December 9, 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 ...

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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...

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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...

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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 ...

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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...

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Tuesday, December 8, 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...

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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...

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