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Clearstone Tops CalPERS IRR List

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Topping the list of IRR investments was Clearstone Venture Partners I-B, L.P. , a 1999-vintage fund from Santa Monica-based Clearstone, which had an IRR of 154.7 Second on the returns list was Avalon Ventures VIII, L.P. percent IRR for the La Jolla fund, vintage year 2007.

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Clearstone Backs Games2Win

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Santa Monica-based Clearstone Venture Partners has upped its investment in Mumbai, India-based Games2Win , an online developer of casual and other games. Rajan Mehra of Clearstone Ventures joins the board of directors of Games2Win along with the funding. Games2Win raised $5M in its Series A back in March of 2007.

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Clearstone Backs CupidsPlay.com

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Santa Monica-based venture capital firm Clearstone Ventures has backed a developer of an online social dating and games firm, CupidsPlay. Financial details of the investment were not disclosed. CupidsPlay said it received seed funding from Clearstone. CupidsPlay is based in Bellevue, Washington. READ MORE>>.

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Clearstone Ventures Into Apture

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Santa Monica-based Clearstone Venture Partners is the lead investor in a Northern California firm focused on the blogging and publishing industry, Apture. David Stern and Sumant Mandal of Clearstone have joined Apture's board along with the funding.

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Rubicon Project Surges In IPO

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Santa Monica-based The Rubicon Project , the online advertising technology and exchange operator founded by Frank Addante, surged in its IPO on Wednesday morning, trading up roughly 34% in morning trading. The IPO is a huge win for backers Clearstone Ventures, News Corp., Clearstone owned about 24.0% and Mayfield.

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March Capital Partners Backs Appcito

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Santa Monica-based venture capital investor March Capital Partners --the new investment firm led by longtime Southern California venture capital veterans Jim Armstrong, Sumant Mandal, Gregory Milken, and Jamie Montgomery--has made an investment in cloud application infrastructure developer Appcito. READ MORE>>.

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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. READ MORE>>.

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