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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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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. LivingSocial. AppDynamics.

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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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LeisureLink Signs Wholesale Travel Firm

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Pasadena-based LeisureLink , the developer of travel booking software and services, has added a new customer, the firm said Tuesday. LeisureLink said that Tourico Holidays, a global wholesale travel provider has established a partnership with the firm, to help expand the properties it distributes. READ MORE>>.

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Rubicon Project Taps Barnum As New COO, CFO

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Barnum was the COO and CFO at Business.com when it was acquired by Dex One, and also has served at Transaction Network Service and Rent.com. Rubicon Project provides an online advertising optimization service, which helps publishers maximize their revenues by strategically determining what ads and ad networks to display in real time.

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Rubicon Project Names VPs

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Los Angeles-based the Rubicon Project , the online ad optimization service for online publishers, said today that it has named Jay Sears as SVP Marketplace Development, and Jeremy Fain as Vice President Client Services. Sears was most recently at PulsePoint, and Fain was at CBS Interactive.

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LeisureLink Gets $9M In Series C

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Pasadena-based LeisureLink , a provider of distribution services for specialty lodging and vacation rentals, announced today that it has raised $9M in a Series C funding round. The round came from current investors, including Clearstone Venture Partners, Mission Ventures, and Wyndham Exchange & Rentals. READ MORE>>.