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Good Growth Capital Expands Venture Capital Efforts To SoCal

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Good Growth Capital , a venture capital investment firm focused on complex science and technology start-ups, says it has set up shop in Southern California, and hired a new, West Coast Venture Partner in Los Angeles. In addition to Holly, Good Growth Capital also said it added a new Advisor, Robert Poor, Ph.D. ,

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Algorithmia, Co-Founded By USC Grad Student, Gets $2.4M

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A new startup, Algorithmia , which was co-founded by a USC PhD student, said today that it has raised $2.4M in a seed funding round, to go towards its online marketplace for computer software algorithms. The funding came from Madrona Venture Group, Rakuten Ventures, Deep Fork Capital, and angels. READ MORE>>.

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Audyssey Gets Funding From Intel Capital

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Los Angeles-based audio processing technology developer Audyssey and Intel Capital said Tuesday morning that Intel Capital has made an investment in Audyssey. Financial details of the funding were not disclosed. Audyssey''s technology is based out of research spun out of USC''s Immersive Audio Lab, called MultEQ.

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USC: $380M Raised In Last 3 Years By USC Spinouts

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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. READ MORE>>.

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USC Stevens Gives $498,700 To Six Projects

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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. USC's effort, the Ideas Empowered Program, is funded by James C. READ MORE>>.

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USC Spinouts Raised $148M In Last Two Years, Says University

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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. USC also reported that it owns equity in 32 startups, though none of those startups were identified. READ MORE>>.

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Local Angels Back Scripted.com

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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. Scripted.com also operates Scripped.com, an online marketplace for script writers, and was founded by UCLA and USC graduates in Los Angeles, and later moved to San Francisco.

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