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Clearstone Backs Openbucks

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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

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Rubicon Project Extends Into Mobile Ads

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Los Angeles-based Rubicon Project is extending into mobile advertising, the firm said today, with a new mobile ad optimization product. According to Rubicon Project, its new REVV for Mobile (RFM) product will provide mobile ad serving, campaign management, and ad network optimization on mobile ad impressions.

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Hopscotch Raises $5M In Series B

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Los Angeles-based Hopscotch , the developer of a mobile app platform used heavily by colleges, sports teams, live events, and venues, has raised $5M in a Series B funding, the company announced on Wednesday. Alan Garner of Jackson Capital, as well as Jim Armstrong will both join the company's board as part of the funding.

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Geodelic Ships Application With T-Mobile

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Santa Monica-based Geodelic announced today that the firm is shipping a new application for local discovery, along with T-Mobile USA. According to the venture backed firm, the new software for T-Mobile's myTouch 3G, learns a user's favorite locations and helps them find local retailers, restaurants, and attractions. and Jamdat.

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Sixgill Raises $6M For Proximity Sensing

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The funding was led by an affiliate of DRW Ventures, and also included Mobile Financial Partners. The startup also said the new funds will go towards sales, marketing, and accelerating product development at its new Los Angeles area office. Ressler was previously a venture investor at Clearstone Venture Partners. READ MORE>>.

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At The Pool Courts Millennials With New Social Discovery App

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Los Angeles-based At The Pool , the social discovery service headed by Alex Capecelatro, has launched a brand new, mobile app it says is targeted at helping people to connect and interact. At The Pool is venture backed by Clearstone Venture Partners, Canyon Creek Capital, and angels. READ MORE>>.

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Geodelic Confirms Verizon Relationship

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Santa Monica-based Geodelic , the location-based mobile application development firm run by Rahul Sonnad, confirmed its relationship with Verizon last week. Geodelic has previously raised funding from Clearstone Ventures, Shasta Ventures and MK Capital, all of whom also participated in that June investment. READ MORE>>.

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