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OCTANe LaunchPad Firms Raise More Than $25M

socalTECH

OCTANe , the Orange County-based organization helping to bolster the high tech industry and entrepreneurs, reported this morning that in the first half of 2012, companies participating in its startup accelerator have raised a total of $26.8M in funding.

OCTANE 150
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Interview with Matthew Jenusaitis, OCTANe

socalTECH

That was primarily driven by the economy; when the economy is down, investments are down, and it is increasingly difficult to d a startup. At the same time, the need for the products and services that OCTANe provides are greater in a recessionary economy than in when the economy is booming. Thanks for the time this morning.

OCTANE 174
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Arkami Racks Up Over $300K For Secure USB Drive MyIDKey

socalTECH

Technology veterans Tareq Risheq and Mark Thacker are no strangers to the world of high tech startups and angel and venture capital--Risheq was formerly CEO of Celllynx, Thacker was co-founder at Datallegro--but the way they're funding their newest startup is unusual, and a testament to the growing popularity of crowdfunding.