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Redpoint's Fouad ElNaggar Departs Firm

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ElNaggar said he "missed being an operator" despite describing his positoin at Redpoint as "a dream job." READ MORE>>.

Interview with Fouad ElNaggar, Redpoint Ventures

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It would be interesting to hear about where your interests are nowdays, there was a rumor Redpoint had backed off activity here lately. Thanks!

Redpoint Ventures Closes $400M Fund

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Venture capital fund Redpoint Ventures , which has an outpost in Los Angeles, has some new cash in the bank, after announcing $400M in a new fund today, Redpoint V. The new fund follows Redpoint IV, which also was a $400M fund, which was raised three years ago. funding investment capital venture redpointREAD MORE>>.

Redpoint Closes $400M Fund

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Redpoint Ventures , said late Monday evening that the firm has closed on Redpoint IV,a $400M, early stage venture capital fund specifically aimed at the social and mobile Internet, cloud computing, and clean technology. Redpoint's efforts in Southern California are headed by Brad Jones. READ MORE>>.

Report: Redpoint's Martin Leaving Firm

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Greg Martin , the partner heading up Redpoint Ventures ' Los Angeles office, has reportedly left the firm, according to a report from the Private Equity Insider. Martin is no longer listed on Redpoint's web site, was not listed in its latest fundraising documents, and declined to comment on the story. READ MORE>>.

Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup

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Fouad ElNaggar , a former venture capitalist who had been responsible for the Los Angeles office of Redpoint Ventures, has scored funding for a new startup, Sapho. ElNaggar was in Redpoint's LA offices from 2005 until 2011, and had stints on the boards of Machinima and Hark, among other companies. Sapho is in Silicon Valley.

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Jaunt Finds $65M To Open VR Studio In Los Angeles

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Jaunt , a developer of cinematic, virtual reality hardware and software, said this morning that it has opened up a new, virtual reality studio in Los Angeles, after receiving $65M in a Series C funding. READ MORE>>. jauntvr jaunt virtual reality content hollywood film cinema cinematic videos venture capital

Machinima Gets $24M, But Chops Staff

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along with Redpoint Ventures, MK Capital, Coffin Capital and Allen DeBevoise. Los Angeles-based YouTube network Machinima revealed last week that it has raised $24M in a funding round from Warner Bros., However, the company also made some big cuts in its staff on Friday, following the funding round. READ MORE>>.

True(X) Media Finds $6M

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The online advertising technology provider said the funding came from prior backers Jafco Ventures, Pinnacle Ventures, Norwest Venture Partners and Redpoint Ventures. Los Angeles-based True(X) Media --which was most recently known as SocialVibe--disclosed this week that it has raised $6M in a new funding round. READ MORE>>.

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Los Angeles Startup Community

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I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community. told them that I had recently seen several posts/articles talking about how vibrant the community has become. As is usual, I couldn't remember where I had seen those posts. will do my best to keep this up to date.

BetterWorks Shutting Down On May 31st

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BetterWorks had raised $10M in funding from Redpoint Ventures. In what is a huge blow to Silicon Beach, Santa Monica-based BetterWorks , the software-and-technology-meets-employee-perks startup run by Paige Craig, told its users today that it is sunsetting its site on May 31st. READ MORE>>.

2U Raises $120M In IPO

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The company--which runs online degree programs for the University of Southern California (USC) and many other schools--had been backed by Redpoint Ventures, which funded the company out of its Los Angeles office. Those investments were led by former Redpoint VC Greg Martin. Redpoint Ventures owned 23.2 READ MORE>>.

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WebVisible Cuts Deal with Husqvarna

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WebVisible is venture backed by Adams Street Partners, Redpoint Ventures, and Sutter Hill Ventures. Irvine-based WebVisible , which provides local online marketing services and software, and chainsaw maker Husqvarna said this morning that the two are in an online search advertising partnership. READ MORE>>.

Machinima Raises $3.4M

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Machinma is venture backed by Redpoint Ventures, MK Capital, and others. Los Angeles-based Machinima , which operates a video entertainment network for video gamers and develops associated animated content tools, has raised $3.4M as part of an ongoing, $5.0M fundraising round, according to a regulatory filing from the firm. READ MORE>>.

BetterWorks Adds Group, Administrative Features

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BetterWorks, which is headed by Paige Craig, is backed by Redpoint Ventures. Santa Monica-based BetterWorks rolled out a new set of features Monday for its service, which is used by employers to manage fringe benefit programs for their employees. READ MORE>>. betterworks group administration employee fringe benefits

Southern California Startups Raise $761.12M in Q2 2014

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True Ventures and Redpoint Ventures both had 3 investments each. The numbers are based on data provided to the two by Thomson Reuters. According to the report, there was $472.15M invested in Los Angeles, $222.4M invested in San Diego, and $66.53M invested in Orange County during the period. Nationally, there was $13.0 Image courtesy Bigstock.

BetterWorks Gets $8M

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According to the firm, the round was led by Redpoint Ventures, and will go towards hiring, expansion, and continued development of its platform. As part of the funding, Redpoint's Satish Dharmaraj joins the company's board of directors. The round brings the company's total raised to $10M. READ MORE>>.

Chill Becoming Pinterest For Videos?

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Chill is venture backed by Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, Paul Kedrosky, and CrunchFund. READ MORE>>.

2tor Finds $32.5M

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The funding came from Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners, and CityLight. New York-based 2tor , the online education startup which powers online degree programs from the University of Southern California (USC) and others, has raised $32.5M in a Series C funding. 2tor also has operations near USC. READ MORE>>.

Los Angeles Startup Community

SoCal CTO

I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community. told them that I had recently seen several posts/articles talking about how vibrant the community has become. As is usual, I couldn't remember where I had seen those posts. will do my best to keep this up to date.

Chill Links Into Hulu

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Chill is venture backed by Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, and CrunchFund. Los Angeles-based Chill , the social chat startup headed by Brian Norgard and Dan Gould, said today that it has launched a major integration of its site with Hulu. READ MORE>>. chill hulu video streaming chat social

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HTML5 Games Company Goko Launches and Raises $8M in Series A Funding

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Goko is backed by Redpoint Ventures and Aslop Louie Partners from whom it raised raised $8m in Series A funding.

Impact Radius Scores $6M

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The round was led by Redpoint Ventures. As part of the funding, Redpoint's Greg Martin joins the company's board of directors. Tags: impact radius venture capital startup advertising performance executive redpoint READ MORE>>.

Topspin Ties With MTV On Artists.MTV

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Topspin, which is led by Ian Rogers, the former GM of Yahoo Music, is venture backed by Redpoint Ventures and The Foundry Group. Los Angeles-based Topspin and MTV said Thursday at SXSW that the two are in a new partnership, on a new initiative called Artists.MTV. READ MORE>>.

SVnetwork Names Marketing Head

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SVnetwork is backed by Redpoint Ventures, Jafco Ventures, and Pinnacle Ventures. Los Angeles-based SVnetwork (SocialVibe) said today that it has named Larry Lieberman as Chief Marketing Officer at the social advertising firm. SocialVibe provides an online advertising platform which encourages users to share and engage with brands.

Interview with David Aronchick, Hark

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Last week, we talked with Fouad ElNaggar of Redpoint Ventures about some of the interesting companies in Southern California. READ MORE>>.

Online Learning Firm With Links To USC Gets Funded

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A New York-based online learning firm with links to the University of Southern California has scored a round of funding, and added Redpoint's Greg Martin to its board, the firm said this morning. Redpoint's Martin is based in Los Angeles. Tags: 2tor online learning education venture capital redpoint greg martin executive

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Gravity Gets $10.6M More For Real Time Personalization

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The funding was led by GRP Partners, and also included Redpoint Ventures and August Capital. READ MORE>>.

Report: WebVisible Shuts Down

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WebVisible had raised over $37M in venture capital, from such investors as Adams Street Partners, Redpoint Ventures, and Sutter Hill Ventures. Irvine-based online advertising firm WebVisible has shut down, according to a report Wednesday. READ MORE>>. webvisible shutdown jobs employment online advertising

Clicker Acquired By CBS Interactive

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Clicker was venture backed by Benchmark Capital, JAFCO, Redpoint Ventures, and Blake Krikorian, and had raised around $21M in funding.

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Topspin Releases Ticket App To App Store

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Topspin--which is backed by the Foundry Group and Redpoint Ventures--develops software which helps artists market their music, and is headed by Ian Rogers, the former GM of Yahoo Music. The app allows music venues to scan paper and smart-phone tickets sold through Topspin's software using their iPhone. READ MORE>>.

Topspin Preps Updated iPhone Ticket App

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Topspin is venture backed by the Foundry Group and Redpoint Ventures, and Ian Rogers is the former GM of Yahoo Music. Venice, California-based Topspin , the online music marketing software firm headed by Ian Rogers, said today that it is prepping an update to the firm's iPhone application for ticketing. READ MORE>>.

Gravity Debuts Content Personalization API

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Gravity is backed by GRP Partners, Redpoint Ventures and August Capital, having most recently raise d$10.6M in a Series B funding round in October.

Topspin Adds Discounts For Multiple Accounts

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Topspin is headed by former Yahoo Music GM Ian Rogers, and backed by Foundry Group and Redpoint Ventures. Topspin said its new offering, called Label Pricing, will provide batched account upgrades for a single price. The firm said ten Topspin Enterprise accounts will cost $2,500, versus a normal pricing of $10,000. READ MORE>>.

Chill Rolls Out Music Lounges, Streams TC Disrupt

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Chill--which is part of Namesake--allows users to interact in real time while watching videos, via a real time chat and interactive avatar interface.

Topspin Media Opens Up Signups

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Topspin is venture backed by Foundry Group and Redpoint Ventures. Los Angeles-based Topspin Media , the music marketing and software firm headed by Ian Rogers, has opened up general signups for its service, the firm said Wednesday in Austin. READ MORE>>. topspinmedia topspin media music marketing software beta general release

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Chill Shifts To Social Discovery

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Norgard and Gould were previously the founders of Ad.ly; Chill is venture backed by Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, Paul Kedrosky, and CrunchFund. The site now highlights videos shared by members, aggregating those videos and allowing users to comment on them. READ MORE>>.

SocialVibe Gains $9M

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According to the firm, the funding was led by JAFCO Ventures, and also included Series A investor Redpoint Ventures. Tags: jafco redpoint charity brand venture socialvibe capital internet Los Angeles-based SocialVibe said today that it has raised $8M in a Series B funding, for the firm's social media and brand charity site.

BetterWorks Bumps Round Size

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BetterWorks had said it had raised $8.0M in the round at that time, led by Redpoint Ventures. Santa Monica-based BetterWorks appears to have bumped the size of the funding round it announced in August, according to a regulatory filing from the firm Wednesday. READ MORE>>. betterworks venture capital employee benefits perks

Chill Adds Private Chat, Social Game Features

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Chill is venture backed by Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, Paul Kedrosky, and Michael Arrington of TechCrunch.