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Clearstone Backs Openbucks

socalTECH

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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Clearstone Gets Big Win With Meru

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Santa Monica-based venture capital firm Clearstone Ventures was among the big winners Wednesday in the IPO debut of Sunnyvale-based Meru Networks , a developer of virtual wireless LAN products. Clearstone was the biggest shareholder in Meru before the IPO, with 20.9 Shaw Group, Tenaya Capital, and CID Group.

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Playsino Releases First Two Network Titles

socalTECH

Santa Monica-based Playsino , the developer of social casino games, said Friday that it has released the first two games under its Publishing Network effort. Playsino is backed by IDM Venture Capital, Eric Schmidt (Google), Michael Robertson (MP3.com), READ MORE>>.

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Sixgill Snag $27.9M

socalTECH

The funding was led by DRW Venture Capital, and also included Mobile Financial Partners. Sensor is led by longtime tech veteran Phil Ressler, who previously has served at Bottlenose, Lumenz Networks, MyGreenlight, Big Stage Entertainment, Clearstone Venture Partners, and many other companies.

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Rubicon Project Raises $18M, Buys Fox Audience Network

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Santa Monica-based Rubicon Project said this morning that it has raised $18M in additional funding, and acquired the Fox Audience Network (FAN) from New Corporation. In further details on the FAN deal, Addante also said that it has not acquired the advertising sales team at FAN, saying that it "is not, and will not be, an ad network."

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March Capital Partners Launches $240M Venture Fund

socalTECH

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.

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Los Angeles Startup Community

SoCal CTO

Los Angeles LA Tech 101: The Company We Keep A Few Key People Really Can Make a Huge Difference The Challenges (& Opportunities) of Starting a Tech Company in LA Los Angeles Startup Networking Here are some guides to many of the different networking events around startups, technology, etc.: