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Launchpad LA Receives VC Funding: $50,000 Per Startup

Both Sides of the Table

We have significant VC commitments (listed below) – every entering company will get $50,000 in funding, mentorship from top VCs and successful entrepreneurs plus free office space. Of these 19 have received funding (10 have received significant amounts of VC funding) and 5 have been acquired (2 for more than $30 million).

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Aptera Raises $9.8M

socalTECH

in an equity funding round, according to a filing from the firm today. Source of the new funding was not disclosed, however, the firm has previously raised funding from Esenjay Investments, Google, Idealab, The Beall Family Trust, and The Simons Family. Aptera is building lightweight, 3-wheel electric vehicles.

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eSolar Takes $20M More

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Pasadena-based eSolar , the solar thermal technology developer backed by Idealab, Google, Quercus Trust, ACME Group, NRG Energy, and Oak Investment Partners, has raised $20M in an unannounced funding round, according to numbers from the latest quarterly venture capital report from PricewaterhouseCoopers and the National Venture Capital Association.

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Factual Gains Funding, Names Investors

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Santa Monica-based Factual , the new data focused startup run by Gil Elbaz , the co-founder of Applied Semantics , which invented Google's AdSense technology, is announcing the investors in the firm this evening. Applied Semantics was the original developer of Google AdSense technology, and was purchased for pre-IPO Google stock in 2003.

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Aptera Shuts Down

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According to multiple sources , the firm is dissolving the company, after failing to find federal matching funds for its efforts. Aptera had been backed by Esenjay Investments, Google, Idealab, The Beall Family Trust, and The Simons Family.

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Triptrotting Raises $1M

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Pasadena-based Triptrotting , which operates an online service to help connect travelers with local hosts, has raised $1M in a Series A funding, the firm said this morning.The funding came from Google Ventures, Mark Suster, 500 Startups, WI Harper, Bill Gross of Idealab, Safa Raschtchy, and Eric Chen.

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Triptrotting Adds Golden Seeds, Boosts Round To $1.5M

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Los Angeles-based Triptrotting , the online site which helps connects travelers with other like-minded, local hosts, has boosted its funding round to $1.5M, and added angel investment group Golden Seeds. Triptrotting said th enew funding goes to further development of its platform, and for marketing. READ MORE>>.

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