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Surf Air Acquires Rise, Backed By New Funding

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Los Angeles-based membership-based airline Surf Air said Wednesday morning that it has acquired RISE , a Texas-based membership airline. Financial terms of the acquisition were not announced by the companies. Surf Air said the expansion would unlock new growth opportunities in California, Texas, and beyond. READ MORE>>.

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ThisNext Gets New Funding

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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. Clearstone Venture Partners and Anthem Venture Partners also participated. READ MORE>>.

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AwesomenessTV Acquires Big Frame

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Los Angeles-based AwesomenessTV --which is now part of Dreamworks--has acquired Big Frame , another local YouTube network operator. Series A funding back in 2012. awesomenesstv awesomeness youtube content channel network merger acquisition bigframe video' The company had a $3.0M READ MORE>>.

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TweetPhoto Gets $2.6M

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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 led by Canaan Partners and also included Anthem Venture Partners and un-named angels.

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Buzznet Raises $12.5M More

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Los Angeles-based Buzznet , which operates a network of web sites focused on celebrities and pop culture, announced this morning that it has raised $12.5M According to the company, the funding round was led by Focus Ventures, and also included Anthem Ventures, New Enterprise Associates, Redpoint Ventures, and Sutter Hill Ventures.

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MySpace Startups: Startups From MySpace Vets

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Los Angeles-based MySpace has been among the most visible of Southern California's Internet era success stories, although the site--now owned by News Corporation--has had its own share of ups-and-downs, as well as questions about its future. Venture backers : Anthem Ventures, the Mailroom Fund, Rincon Venture Partners.

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This Week in Venture Capital – Episode 2

Both Sides of the Table

Especially when he’s surrounded by Danny Rimer (who funded Skype, MySQL, Last.FM I think the best solution for the social networking era is “in-stream&# advertising. PLUS RELATED FUNDING …. I know you could argue that YouTube was much broader but it was really popularized in the social networks. uh, hello!