socalTECH

JUNE 23, 2015

Venice, California-base CrossCut Ventures , one of the region's earliest believers in the potential of Silicon Beach startups, has raised a new, $75M fund, the firm announced this morning. Managing Directors of the new fund are Rick Smith, Brett Brewer, and Brian Garrett, along with new addition Clinton Foy. This is the third fund for CrossCut, which said the new fund was significantly oversubscribed, having had an initial target of $50M.

Funding 155

Funding Seed Funding Venice Mobile 155

Tech.Co

JUNE 23, 2015

When it comes to any major sporting event, would you rather watch a recording of it or would you rather watch it live? It’s a pretty simple answer: nothing beats a live broadcast. For a long time though the power to broadcast live to a big audience has been strictly in the hands of TV stations and media conglomerates. But then some entrepreneurs got an idea: let’s put the power of the live broadcast directly in the hands of the people.

Social Media 88

Social Media .Net Platform Media 88

socalTECH

JUNE 23, 2015

Santa Monica-based Heal , an on-demand startup offering up access to house calls from doctors via smartphone, has raised $5M in a seed funding round, the company announced this morning. The funding came from Slow Ventures, March Capital and Pritzker Capital, along with angels Paul Jacobs (Qualcomm); James Lassiter (Overbrook Entertainment); Stephen Rader (Clarity Partners); Jamie McCourt; Lionel Richie; and Mike Wortsman (Univision).

Demand 148

Demand Seed Funding Santa Monica Entertainment 148

Tech Zulu Event

JUNE 23, 2015

Back in 2012 when the Flame virus was wreaking havoc across the world, the need for army-trained hackers became a whole new frontier for IT software companies. The threat of hacking and loss of data has never been real than now. There are over a billion passwords stolen and stored in a single Russian databases. The worst thing that can happen to any company is waking up one morning and finding out all the data has either been stolen or tampered with.

Training 53

Training Software Company Companies 53

Advertiser: Aggregage

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

Company

socalTECH

JUNE 23, 2015

Pasadena-based prepaid debit card provider Green Dot Corporation , which is led by Steve Streit, said Monday afternoon that it is in a new, long term agreement with Walmart. Green Dot said it will remain the program manager and issuer for Walmart's MoneyCard, in a deal which will cover the next five years. Green Dot rose to prominence--and an IPO--almost entirely on the strength of its business through Walmart.

Tech Coast Angels 143

Tech Coast Angels Southern California Pasadena Angels Pasadena 143

Both Sides of the Table

JUNE 23, 2015

Crosscut Ventures has just announced their 3rd fund and clocking in at $75 million , which will be focused heavily on Los Angeles – FTW. A seed fund this size (and with increasing numbers of venture funds being raised by LA-based VC’s) has overcome a decade-long resistance and belief that you could only build great tech companies in Silicon Valley.

News 266

News Funding Venture Capital Dollar Shave Club 266

socalTECH

JUNE 23, 2015

Los Angeles-based NantCell , one of the companies that is part of Dr. Patrick Soon-Shiong's NantWorks , said today that it has acquired an Italian company, VivaBioCell SpA. Financial terms of the deal wer enott disclosed. VivaBioCell is based in Udine, Northern Italy. The deal was done through VBC Holdings LLC, a subsidiary of NantWorks. VivaBioCell focuses on stem cell and tissue engineering for regenerative medicine.

Funding 132

Funding Los Angeles Invest Angel 132

socalTECH

JUNE 23, 2015

La Jolla-based Ankasa Regenerative Therapeutics , a company developing stem-cell based products aimed at organ and tissue regrowth, repair, and healing, has raised $8.5M in a Series A funding, the company said this morning. The funding was led by Avalon Ventures, and also included Hereaus Medical and Correlation Ventures. the company said the funding is the first tranche of a $17M, Series A round of funding.

Avalon 125

Avalon Organization Funding Startup 125

socalTECH

JUNE 23, 2015

Chatsworth-based MRV Communications , which develops packet and optical products for the telecom market, reported a deployment in the Czech Republic today, with T-Mobile Zech Republic. The company said it is launching a 100G bandwidth interconnect for an unnamed, package delivery company which MRV says is one of the world's largest package delivery companies.

Mobile 125

Mobile Chatsworth Report Networking 125