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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. in a Series A for the company, which allows users to trade in gift cards from a number of retailers to pay for merchandise and services online.

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March Capital Partners Launches $240M Venture Fund

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Santa Monica-based March Capital Partners , the venture capital investment firm founded by venture investment veterans Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, said this morning that it has had a final close on its first fund, at $240M.

Capital 172
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This Week in VC with Jim Armstrong of Clearstone

Both Sides of the Table

Had a great chat with Jim Armstrong who is a General Partner at Clearstone Venture Partners today on TWiVC. Clearstone currently invests out of a $200 million fund based in LA with offices in Menlo Park and in India. Segment One: Jim’s background and Clearstone’s investment strategy.

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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.

Mobile 100
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Sixgill Snag $27.9M

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in a Series B funding round, the company said last week. The funding was led by DRW Venture Capital, and also included Mobile Financial Partners. Sixgill said its primary product, Sense, is used by companies to manage challenges in governing their "Internet of Everything" assets and building sensor-informed applications.

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What Mattered in 2010: Jim Armstrong, Clearstone Ventures

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For today's contribution, we spoke with Jim Armstrong , a venture capitalist at Clearstone Venture Partners. It has to be the momentum of many of our companies including a bunch of exits. Because we are early stage we really feel the years it takes to get these companies into momentum, but we had quite a few large M&A and an IPO.