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Lead Edge Capital Raises Fifth Fund, Worth $950 Million

socalTECH

Santa Barbara- and New York-based Lead Edge Capital , a growth focused, technology investment fund, announced this morning that it has raised $950M in a new fund, Lead Edge Capital V, LP. The firm now has now raised more than $3 billion across all of its funds. READ MORE>>.

Capital 100
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Success, Santa Barbara Style: Patagonian Sexwax With A Side Order of UGGS

InfoChachkie

Six outstanding entrepreneurs have created this sweet flavor of success in one of the most beautiful places on earth – Santa Barbara, California. Santa Barbara has become a high-tech startup mecca, rivaling cities many times its size. To fund his passion, he began shaping and selling surfboards in 1968 from a small shop.

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FastSpring Gets Funding From Pylon

socalTECH

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 disclosed. acquisition merger capital venture pylon fastspring'

Funding 153
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Eucalpytus Acquired By HP For Around $100M

socalTECH

Santa Barbara-based Eucalpytus , the developer of open source software for managing private and hybrid clouds, has been acquired by HP , HP said Thursday afternoon. Eucalpytus, which is led by Marten Mickos, was venture backed by Institutional Venture Partners (IVP), Benchmark Capital, BV Capital, and New Enterprise Associates.

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Sonos Funding Pays Off For Early Investors

socalTECH

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 Blottnitz, and undoubtedly co-founders John MacFarlane, Craig Shelburne, Tom Cullen.

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Rincon Venture Partners Sees Exit At Rentlytics

socalTECH

Santa Barbara-based Rincon Venture Partners , the venture fund which was led by Jim Andelman before Bonfire Ventures, has seen an exit of its portfolio, at San Francisco-based Rentlytics. Rentlytics was venture backed by Trinity Ventures, Rincon Venture Partners, Cue Ball and Daher Capital. READ MORE>>.

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Channel Technologies Group Buys Materials Systems Inc.

socalTECH

Santa Barbara-based Channel Technologies Group , which manufacturers sonar and navigation systems, piezoelectric ceramics, transducers, and other products used in the defense and other industries, said this morningthat ith as acquired Materials Systems Inc. , CTG is backed by Blue Wolf Capital Fund II, LP. READ MORE>>.