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Redpoint Ventures Closes $400M Fund

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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, Sonos, and Machinima--said the new fund will go towards early stage investing.

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2U Raises $120M In IPO

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The company--which runs online degree programs for the University of Southern California (USC) and many other schools--had been backed by Redpoint Ventures, which funded the company out of its Los Angeles office. Those investments were led by former Redpoint VC Greg Martin. Redpoint Ventures owned 23.2 percent at 13.95

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BetterWorks Shutting Down On May 31st

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According to an email from Craig, the company decided to close down the BettterWorks perk platform, and will not longer be active after next Thursday. BetterWorks had raised $10M in funding from Redpoint Ventures. BetterWorks--and Paige Craig--have been one of the companies driving the growth in Santa Monica's Silicon Beach.

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Southern California Startups Raise $761.12M in Q2 2014

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Patrick Soon-Shiong, which raised $135M in a funding; El Segundo-based Prodege (aka Swagbucks), which raised $60.1M True Ventures and Redpoint Ventures both had 3 investments each. for its consumer loyalty and advertising efforts; nearly $49.0M for San Diego-based biopharmaceuticals firm Otonomy ; and $48.0M Nationally, there was $13.0

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Q1 Southern California Venture Deals Rise To Around $1.4B

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billion in venture activity here in Q1, up significantly from around $997M tallied in Q4. The information--gleaned from funding announcements, regulatory filings, and other sources--are also up significantly from Q1 of last year, when only $729.89M was invested in the region. Other big funding deals included a big, $115.3M

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BetterWorks Adds Discovery, Advanced Ordering

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BetterWorks has been growing its staff since an $8M funding round announced at the beginning of August; the firm's funding was led by Redpoint Ventures. Paige Craig is among the most active Los Angeles angel investors, and turned his attention to Betterworks in December of last year. READ MORE>>.

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Venture Firms Invest Around $1.6 Billion In Q2 2010 In SoCal

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An analysis of Q2's venture capital deals and investment activity in Southern California find that venture capitalists invested around $1.6 The deal totals were significantly boosted in the quarter by activity across Biopharmaceuticals ($247.2M billion in the area in Q2, up slightly from around $1.4 billion in Q2 of last year.