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Washio Adds $10.5M For Laundry Pickup and Delivery Via Smartphone

socalTECH

Santa Monica-based Washio , which operates a smartphone driven, laundry and dry cleaning pickup and delivery service, said today that it has raised $10.5M The funding came from Canaan Partners, and also included A Grade Investments, Pejman Mar Ventures, Sherpa Ventures, and Jerry Yang (Yahoo). READ MORE>>.

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Clearstone Backs Openbucks

socalTECH

Santa Monica-based venture capital firm Clearstone Ventures is backing a Bay Area gift card-based, payment network, Openbucks , as part of a Series A funding for Openbucks. According to Openbucks, it has raised $4.8M According to Openbucks, it has raised $4.8M

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FamilyFinds.com Raises $5.75M

socalTECH

Santa Monica-based FamilyFinds.com , the new daily promotions site headed by former LowerMyBills.com founder Matt Coffin, said today that it has raised $5.75M in a funding round, and has officially entered the online daily deal space. The funding had been uncovered by socalTECH back in October. FamilyFinds.com was formerly dailyD.

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Here’s Why it Was an Epic Month for #LATech

Both Sides of the Table

Last week displayed the best of LA last week for a gala event of all of Upfront’s portfolio companies + the CEOs of many of LA’s top technology companies + 75 VC firms from LA, SF, NY & Boston + 25 LP Funds + the Chairman of Yahoo! Burstly is a Santa Monica-based team that I also proudly funded.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

Rumored to have turned down acquisition offers from Yahoo and Facebook. Current round: $20.0mm Series-B led by Andreesen Horowitz, with USV and O’Reilly AlphaTech Ventures. -Competitors: Omniture , Webtrends. led by Altos Ventures and Maverick Capital, with Larry Braitman. Incubated by Clearstone Ventures in 2008.

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TYLT Labs' New Seed Fund And The Promise Of Silicon Beach

socalTECH

There seems to a perpetual shortage of local venture capital investors in the region, despite the huge growth in startup activity here, particularly along Silicon Beach. We''re happy to report that we''ve found quite a bunch of those here in our backyard in Santa Monica. Why start an investment firm in Los Angeles?

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Beats Electronics Steals Topspin's Ian Rogers For New Music Service

socalTECH

Santa Monica-based Beats Electronics , the headphone and audio equipment maker co-founded by Dr. Dre and Interscope Geffen's Jimmy Iovine, has snagged high profile CEO Ian Rogers away from Topspin Media. Rogers was also formerly GM of Yahoo! Daisy is based on MOG, the streaming music services that Beats acquired last year.

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