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Venture Firm: We Missed That Networks In Motion Deal

socalTECH

OVP Venture Partners , a venture firm in Oregon and Washington, is highlighting its latest "missed deal" in Aliso Viejo-based Networks In Motion. NIM, which was acquired last week for $170M, had been backed by venture firms Redpoint Ventures, Mission Ventures, and Sutter Hill Ventures.

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Ortiva Wireless Finds $8.0M More

socalTECH

La Jolla-based Ortiva Wireless , a developer of wireless software used for handling video streaming over mobile networks, has raised $8.0M funding round, according to a recent regulatory filing by the firm. The funding included prior investors Artiman Ventures, Mission Ventures, and Comcast Interactive Capital.

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Nirvanix Raises $10M, Names New CEO

socalTECH

San Diego-based Nirvanix , the provider of cloud storage services, said today that it has raised another $10M in a funding, and appointed a new CEO. The firm said the new round is a Series B, and comes from investors Intel Capital, Mission Ventures, Valhalla Partnes, and Windward Ventures. READ MORE>>.

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Venture Totals Drop In Southern California For Quarter

socalTECH

A study of the venture capital deal flow in Southern California conducted by socalTECH shows that venture capital deals dropped for Q3, to around $720M in deals, in a market dominated by clean technology firms. in venture capital deals in the third quarter, down dramatically from $1.2B

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Access 360 Media Gets $8M

socalTECH

Venice Beach-based Access 360 Media, which operates an out-of-home advertising network, said today that it has raised $8M in a Series B funding round. The round was led by Mission Ventures, and also included Bessemer Venture Partners.

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Interview with Eric Hovanec and Steve Reich, LeisureLink

socalTECH

funding round for the firm's travel booking service. We caught up with Eric Hovanec, the firm's CEO, and Steve Reich, the firm's SVP of Sales, to hear more about the funding. What will the funding be used for? We're expanding our distribution network, adding tools and services for our suppliers, and beefing up operations.

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