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San Diego Innovation Economy Extended Gains in 2015: Connect Report

Xconomy

San Diego’s innovation clusters continued to grow in 2015, as local startups, funding deals, and job growth extended an economic growth spurt that began in 2013. That’s according to a report being released today by Connect, the local nonprofit group focused on technology and entrepreneurship.

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LumaTax Raises $2M For Small Business Tax Reporting Software

socalTECH

LumaTax , a new startup has offices in both San Diego and Seattle, Washington, has raised $2M in a funding, the company said on Thursday. The funding came from Madrona Venture Group, Greycroft Partners, and angels. The company is initially launching its product in California.

Software 100
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Social Fund-raising Website GoFundMe Buys Detroit Rival CrowdRise

Xconomy

GoFundMe, the Redwood City, CA-based fund-raising platform for charities and nonprofits, has acquired CrowdRise , a Detroit, MI-based rival founded by entrepreneurs Robert Wolfe and Jeffrey Wolfe, and Hollywood philanthropists Edward Norton and Shauna Robertson. Brad Damphousse and Andy Ballester founded GoFundMe in San Diego in 2010.

Funding 40
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Awarepoint Raises $9M

socalTECH

San Diego-based Awarepoint , a developer of enterprise, real-time location systems for the hospital market, has raised $9M in a financing round, the firm has announced. According to Awarepoint, the funding came from Cardinal Partners, Jafco Ventures, and Venrock as well as Silicon Valley Bank. Awarepoint is headed by Jay Deady.

SoCalTech 150
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Southern California Firms Raise $738M In Q4 2011

socalTECH

raised in Q4 of 2010, and up from the $652M invested in the region last quarter. The report found that the amounts invested represented the third highest annual investment total in the past ten years. The report found that the amounts invested represented the third highest annual investment total in the past ten years.

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SoCal Gets $739M In Venture Capital In Q2

socalTECH

According to the MoneyTree report, released last night, Orange County led fundraising, with $319.3M in funding, and San Diego $198.18M in investments. Investments were slightly down from Q2 of 2010, when the region saw $856M in funding. raised for the quarter. Los Angeles had $222.5M

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Domain Leads VC Funds, As Overall VC Fundraising Drops To $1.7B

socalTECH

A report on venture capital fundraising released this morning reveals that Domain Associates , which has its west coast offices located in San Diego, was the biggest venture capital fundraise in Q2, with a $371.1M early stage fund, Domain Partners VIII. was raised.