Avalon Ventures Raises $201.6M As Part Of $250M Venture Fund
AUGUST 31, 2012
In what is a rarity nowadays for a Southern California venture capital fund, San Diego- and Cambridge-based venture capital firm Avalon Ventures has just closed on $201.6M in commitments for a $250M fund, Avalon Ventures X. avalon ventures venture capital fundraising finance startupREAD MORE>>.
Avalon Ventures Leads Round In AeroFS
JULY 14, 2015
San Diego-based venture investor Avalon Ventures is the lead investor in a new, $10M funding round for AeroFS , a developer of private cloud collaboration software. Avalon's Rich Levandov represents Avalon Ventures on the AeroFS board. AeroFS said the Series B funding also included NHN Investment. READ MORE>>.
Avalon Ventures Backs Pingup
JULY 31, 2012
Avalon Ventures , the La Jolla- and Cambridge-based venture capital firm, has backed a new startup, Pingup , which lets consumers text nightclubs for reservations and information. According to Pingup Tuesday, it raised $1M in a seed funding round from Avalon Ventures, led by Brady Bohrmann. READ MORE>>.
Avalon Ventures Launches Trio Of Life Science Startups
JUNE 15, 2015
San Diego-based Avalon Ventures said this morning that it has launched and funded three, new companies as part of its deal with GSK. Avalon Venturs said that Adrenergics , CadheRx Therapeutics , and Calporta Therapeutics have all received $10M in Series A funding, and will receive R&D support from Avalon Ventures and GSK.
Avalon Ventures Backs Selectable Media
OCTOBER 18, 2012
San Diego-based venture investor Avalon Ventures has backed a developer of video advertising products, Selectable Media , to the tune of $2M.
Avalon Ventures Spins Out New Company, Iron Horse Therapeutics
NOVEMBER 9, 2015
San Diego-based venture investor Avalon Ventures , along with biopharmaceuticals firm GSK said this morning that the two companies are spinning out a new company, Iron Horse Therapeutics , backed by $10M in funding. Avalon Ventures said that Iron Horse is the seventh company launched out of its collaboration with GSK. READ MORE>>.
Avalon Ventures, Jeffrey Katzenberg To Benefit From Zynga IPO
JULY 1, 2011
Among the investors who may benefit from a successful IPO are La Jolla-based Avalon Ventures , run by Kevin Kinsella, Stephen Tomlin, Richard Levandov, Brady Bohrmann, Doug Downs and Jay Lichter, which before the IPO owned 6.1 dreamworks katzenberg capital venture avalon exit content videogame games social acquisition merger zynga
Avalon Ventures Backs Indix For E-Commerce Product Data
JUNE 24, 2015
San Diego-based venture investor Avalon Ventures has re-upped its investment in product database provider Indix , as part of a $15M Series B funding. The funding round came from Nokia Growth Partners, Nexus Venture Partners and Avalon Ventures. indix product information database venture capital ecommerce catalog avalon ventures
Avalon Ventures Gets Exit At Cloudant
FEBRUARY 24, 2014
San Diego-based venture investor Avalon Ventures has scored an exit this morning, after IBM said it has acquired Boston-based Cloudant , a developer of a NoSQL-based, cloud-based database. cloudant venture capital merger acquisition exit cloud software nosql database Financial terms of the buy were not disclosed. READ MORE>>.
Avalon Ventures Backs Teambox
OCTOBER 22, 2013
San Diego-based venture investor Avalon Ventures is the lead investor in a round for a developer of cloud-based, business collaboration software today. Avalon''s Rich Levandov was involved in the funding effort. teambox avalon ventures cloud software collaboration saas venture capital READ MORE>>.
Avalon Ventures: Startups Get Milestone Payments, New Company Launched With GSK
MAY 20, 2016
San Diego-based Avalon Ventures , and COI Pharmaceuticals , the company established by Avalon to help form new biotech companies, said today that the first two companies that it has formed with GlaxoSmithKline have met their first milestones, and that it has spun up a new company with GSK as part of their collaboration. READ MORE>>.
Avalon Ventures Backs LoopIt
JANUARY 16, 2013
Avalon's Rich Levandov was involved in the investment. loopit social shopping venture capital redstarLoopIt is based in Cambridge, Mass.,
Avalon Ventures Gets Commitments Of $103M In New, $300M Fund
SEPTEMBER 14, 2015
La Jolla-based venture capital investor Avalon Ventures has just received a $103M commitment to a new, $300M fund, according to a regulatory filing by the firm. Avalon invests in both life sciences and technology companies, and invests in seed an dearly stage companies. READ MORE>>.
Core Innovation Capital Sets Up Shop In LA
JULY 16, 2013
In the latest positive move for the Los Angeles venture capital market, a new investor has moved into town, to take advantage of the area''s growing startup market. core innovation capital venture investment fund The firm''s efforts here are headed by Arjun Schutte. READ MORE>>.
Avalon Ventures Backs TwinStrata
OCTOBER 13, 2011
La Jolla-based venture capital investor Avalon Ventures is the lead in a round for cloud data storage firm TwinStrata , TwinStrata said today.
Southern California Firms Get $587.0M In Venture Capital In Q2
JULY 18, 2013
2013 q22013 moneytree quarterly investment capital venture california southern invested across 45 companies. invested. READ MORE>>.
Clearstone Tops CalPERS IRR List
JUNE 24, 2011
CalPERS (the California Public Employees' Retirement System), one of the biggest limited partners in venture capital funds, has released its best and worst performing venture capital and private equity funds as of December 31st, showing that two Southern California venture funds were tops in terms of internal rates of return (IRR).
Avalon Ventures, GlaxoSmithKline Team On Two New Startups
SEPTEMBER 23, 2014
San Diego-based venture capital investor Avalon Ventures and biopharmaceuticals firm GlaxoSmithKline said Monday that the two have teamed up to fund and launch up to 10, early stage life science companies. According to Avalon Ventures and GSK, they will provide up to $495M to fund those ten new companies. READ MORE>>.
Avalon Ventures Closes $200M Fund
JANUARY 10, 2011
San Diego-based Avalon Ventures , a venture capital firm focused on early stage high tech, digital media, and life sciences firms, said today that it has closed on $200M in capital commitments for its latest fund. Avalon said that the fund, Avalon Ventures IX, LP, is the ninth and largest fund for the company.
Dauntless Takes Flight with New Business Model for Starting Biotechs
JULY 20, 2016
It’s a little like what Avalon is doing. We are definitely interested in oncology, but there is no value in disclosing details.”.
Avalon Leads Investment In Standing Cloud
DECEMBER 2, 2010
San Diego-based venture capital firm Avalon Ventures has led an investment in a cloud computing company, Standing Cloud , based in Boulder, Colorado. According to Standing Cloud, it received a $3M, Series B financing from Avalon, which also included the firm's prior investor, The Foundry Group.
Avalon Funds Internet Comedy Site Cheezburger
JANUARY 17, 2011
San Diego-based venture capital firm Avalon Ventures has boosted an Internet web site publisher known for its humorous, captioned pictures of cats and use of Internet memes, Cheezburger. Other investors in the company include Foundry Group, Madrona Ventures, and SoftBank Capital.
StackIQ Raises $6M
OCTOBER 22, 2014
The new funding came from Grayhawk Capital, Keshif Ventures, DLA Piper, and OurCrowd, as well as Anthem Venture Partners and Avalon Ventures. stackiq venture capital automatoin software enterprise hadoop The company said the new funding will go toward scaling sales and marketing. The company is led by Tim McIntire. READ MORE>>.
Sidecar Finds $15M More To Expand Ridesharing Fight
SEPTEMBER 15, 2014
The company--which competes against such companies as Uber, Lyft, Flywheel, Taxi Magic, and others in region--said the funding came from Avalon Ventures, Union Square VEnturs, and new investor Sir Richard Branzon. Avalon Ventures is also based in San Diego. sidecar venture capital ridesharing uber lyft expansion mobile smarpthone
Synthorx Raises $10M to Expand Use of Synthetic DNA in Biologics
JULY 19, 2016
Existing investors Avalon Ventures and Correlation Ventures joined in the round. They can’t be made efficiently and at low cost.”.
Southern California Startups Raise $761.12M in Q2 2014
JULY 17, 2014
The latest venture capital totals from the PricewaterhouseCoopers/National Venture Capital Association''s MoneyTree Report was released this evening, tallying up $761.12M in investments in Q2 of 2014 in Southern California, up from Q2 of 2013, when $616.83M was invested in the region. Nationally, there was $13.0 READ MORE>>.
Southern California Firms Raise $762.88M in Q1
APRIL 21, 2014
tally investment survey nvca moneytree capital venture california southern Carlsbad-based Luxtera raised $37.38M in its funding round.
Report: Chumby Has Shut Down
APRIL 20, 2012
Chumby--which had been backed by JK&B Capital, Avalon Ventures, Masthead Venture Partners, and O'Reilly AlphaTech Venture--was known for its Linux-based, open platform which let users access Internet content and other services. The firm had raised on the order of $25M in funding for its efforts. READ MORE>>.
Cheezburger Deal Spawned Out Of LA's TwiistUp
JANUARY 18, 2011
Along with Foundry, both Madrona Ventures and San Diego's Avalon Ventures were investors in the round. READ MORE>>.
Venture Capitalists Invest $493.2M In Southern California In Q1
APRIL 14, 2011
The latest venture capital numbers from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters, was released tonight, showing that Southern California had $493.2M in investments in Q1 of the year, across 54 deals. Investments were down from $625.4M
Avelas Biosciences Raises $20M
AUGUST 18, 2016
and laos included Ervington Investments Limited and Alexandria Venture Investments plus Avalon Ventures, Bregua Corporation, and WuXi Healthcare Ventures. treatment cancer biopharmaceuticals biopharma biotech lifescience capital venture biosciences avelasThe new funding was led by Pharmstandard International, S.A., Andrei Petrov, Ph.D.,
aFraxis Gets $750K
JUNE 9, 2009
Details on the funding have not been announced, however, the company is venture backed by Avalon Ventures. Avalon's Jay Lichter is listed as the firm's CEO. Tags: afraxis venture capital biotech lifescience autism avalon ventures
Otonomy Ups Funding By $14.2M
JUNE 3, 2011
The firm had announced in August that it had raised $38.8M in a round led by Novo Ventures and RiverVest Venture Partners, and which also included Domain Associates, TPG Biotech, and Avalon Ventures. otonomy venture capital biotech lifescience medicalAccording to the filing, the firm has now raised $24.2M out of a $38.8M round.
Amira Pharmaceuticals Acquired By Bristol-Myers Squibb
JULY 21, 2011
Amira Pharmaceuticals was venture backed by Avalon Ventures, Novo A/S,Prospect Venture Partners, and Versant Ventures. The firm had raised somewhere around $40M in venture capital funding. Bristol-Myers Squibb said it would pay $325M upfront, and up to $150M in milestone payments, for Amira.
Southern California Bucks VC Trend, As Firms Raise $924.13M In Q1
APRIL 19, 2012
The latest numbers from the MoneyTree Report from PricewaterhouseCoopers, The National Venture Capital Association, and Thomson Reuters have tallied up just under a billion dollars in venture capital investments in the Southern California region in Q1 of this year, a very significant uptick from Q2 of 2011.
Enlibrium Finds $15M For Cancer Drugs
DECEMBER 4, 2015
The funding was led by Avalon Ventures and TPG Biotech, and also included Correlation Ventures and Osage University Partners. enlibrium cancer drug therapeutics venture capital lifescience ucla technology transfer research schoolEnlibrium said the technology has been exclusively licensed from UCLA. READ MORE>>.
Sitari Pharmaceuticals Raises $10M To Tackle Celiac Disease
NOVEMBER 22, 2013
San Diego-based Avalon Ventures announced this morning that it has launched a new company, Sitari Pharmaceuticals , with $10M in a Series A financing. disease celiac lifescience biotech capital venture glaxosmithkline pharmaceuticals sitary ventures avalong READ MORE>>.
Southern California Venture Investments See Big Drop In Q1
APRIL 19, 2013
Venture capital investments saw a sharp drop in Q1 in Southern California, according to the latest venture numbers from the MoneyTree report.
ScoreStream Nabs $2M For Local Sports Crowdsourcing
APRIL 6, 2015
Also participating in the funding was Avalon Ventures, New Enterprise Associates, and angels, including Kevin Plank (Under Armour) and Paul Palmieri (Millennial Media). scorestream sports crowdsource high school sporting event highschool online venture capital news publisher derrick oien READ MORE>>.
Avelas Biosciences Raises $6.85M
JANUARY 9, 2014
The company said the funding came from Avalon Ventures, and also included Torrey Pines Investment, WuXi AppTec, and an additional, un-named investor. As part of the funding, the company named Carmine Stengone as CEO, and appointed Nikolay Savchuk of Torrey Pines to its board, and appointed Jay Lichter of Avalon as Chairman.