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What I’ve Learned About Venture Funding

Both Sides of the Table

VC funding. We love capital efficiency until we love land grabs until we abhor over funding until we get huge payouts and ring the bell for more funding until we attract every non-VC on the planet to invest in startups until it crashes and we start the cycle all over again none the wiser.

Correlation Ventures Raises $200M In New Investment Fund

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Correlation Ventures , a venture capital investment firm with offices in San Diego, Palo Alto, and New York City, said this week that it has raised $200M in a new investment fund. The company said the second fund was oversubscribed, and brings its total assets under management to $366M. Limited partners in the new fund included endowments, pensions, funds of funds and family offices, according to the firm.

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L.A. Startups Received $369 Million in Seed Funding in 2016

L.A. Business Journal

Seed-stage companies in Los Angeles received a total of $369 million in funding in 2016, according to report from Venice tech accelerator Amplify.LA.

ROX Medical Gets $40M Funding

socalTECH

San Clemente-based ROX Medical , a startup developing medical devices to treat hypertension, has raised $40M in a Series E funding, the company said this morning. The funding was led by Novartis Venture Fund and Apple Tree Partners and also included prior investors Versant Ventures and Domain Associates. David McIntyre and Sami Hamade of Apple Tree Partners and Steven Weinstein of Novartis Venture Fund all join the company's Board of Directors with the funding.

Kareo Gets $15M Debt Funding

socalTECH

Irvine-based Kareo , which provides cloud-based, medical office software, said Friday that it has raised $15M in a mezzanine debt funding round. The funding came from Escalate Capital Partners. The company said the new funding brings its total raised to $47M in 2014. Terms of the new funding were not announced. kareo debt funding medical office software venture capital finance

Changes in the Venture Capital Funding Environment

Both Sides of the Table

The funding environment for tech startups is an ever shifting ground as we go through predictable shifts that go hand-in-hand with the slowing of the overall market. Explosion in Seed Funds. Now seed funding is conventional wisdom.

Getting Your Head in the Game for Fund Raising

Both Sides of the Table

Fund raising is hard for everybody. Fund raising is like a funnel where you need a bunch of potential leads in the top end and only a few will reach the bottom. The biggest surprise to meet in watching people fund raising is how few of them follow up. Fund raising is hard.

Hutch Raises $10M Funding From Zillow

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West Hollywood-based Hutch , the home interior design app developer led by Beatrice Fischel-Bock, has raised a $10M round of funding from Zillow Group , the company said this morning. As part of the funding, Zillow's Spencer Rascoff joins the company's board. Hutch, lets users take a picture of room us‌ing its mobile app, and lets users apply "filters" on how they might redecorate the space. READ MORE>>. hutch zillow venture capital home interior design

Visage Finds $2.15M In Seed Funding

socalTECH

Irvine-based Visage , which offers up a service aimed at online marketers to help create infographics, said this morning that it has raised $2.15M in a seed funding. The funding was led by Venture51, and also included K5 Ventures and Kima Ventures, along with angels Robin Pimentel and Dan Martell. visage seed funding venture capital infographic data graphics marketing

Netwrix Gets Series A Funding

socalTECH

Irvine-based Netwrix , a developer of hybrid cloud security software, has received a Series A funding round, the company said Tuesday. The funding was led by Updata Partners. Netwrix, led by Michael Fimin, said the funding will go towards product development and growth. Size of the round was not announced. Netwrix develops software that monitors both on-premise and cloud applications for unusual user behavior. READ MORE>>.

Core Innovation Capital Backs Mosaic's $220M Funding

socalTECH

Los Angeles-based fintech investor Core Innovation Capital is one of the backers in a big, $220M equity funding for solar power financing provider Mosaic. Core Innovation Capital is very active nationally in fintech investments, and raised a big fund in 2015. mosaic solar financing funding cleantech photovoltaic residential venture capital utility coreinnovation

How to Develop Your Fund Raising Strategy

Both Sides of the Table

I now observes the fund raising process as a profession. This is the fund raising perspective from both sides of the table. Fund raising (as is much of life) is a sale – pure and simple. Fund raising is bloody hard. But fund raising is a contact sport.

What To Do When Your Competitor Gets Funded?

Both Sides of the Table

We will have two well-funded companies educating the market on why this market opportunity for the $24 billion US storage market is ripe for disruption. When we funded Sam , Rahul and team at MakeSpace > 2.5 What should you do when a competitor announces a big fund raise? Pretending the funding didn’t happen is dumb. But honestly you have have known that before the funding. This morning Clutter.io

University of California Plans $250M Venture Capital Fund

socalTECH

Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venture capital. fund investment capital venture ucsb ucla investor regent ucsd kitepharma finance

Avalon Leads $18M in Early Funding for Cancer Immunotherapy Startup

Xconomy

[ Note: The headline has been corrected to better describe the company’s type of funding. Fortis Therapeutics, a new San Diego biotech, has raised $18 million in initial funding to develop drugs for hard-to-treat prostate and bone marrow cancers.

As the LA venture market booms, Upfront closes its sixth fund with $400 million

TechCrunch LA

As the firm looks ahead to its own future, Suster and the firm he’s helped grow remain committed to the future of Los Angeles.

Embodied Gets Funding From Intel For Personal Robots

socalTECH

Pasadena-based Embodied , a new startup developer "affordable personal robots", has raised funding from Intel Capital. Size of the funding was not announced. A recent regulatory filing from Embodied suggests the funding round was worth around $3.79M. Embodied was co-founded by Paolo Pirjanian, the former CTO of iRobot and Professor Maja Mataric, a researcher in robotics and neuroscience at the University of Southern California.

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SaaS Funding Targest Software Companies With New Santa Monica Office

socalTECH

SaaS Funding , a new provider of debt funding to software-as-a-service companies, said it has set up an office in Santa Monica. SaaS Funding's Santa Monica office is led by Charlie Perer. saas funding santa monica debt financing finance venture capital software investmentThe company, which provides senior and junior debt capital, says it is targeting Software-as-a-Service (SaaS), digital media and tech enabled service companies who are bootstrapped or backed by angels.

The Full Dataset on What VCs are Thinking About Funding in 2016

Both Sides of the Table

We use this try to draw some context that informs our funding decisions. Of course we fund companies in good markets and bad. In venture our goal is to fund companies over a 10-year+ time horizon, which is the time it takes to build truly transformational companies.

Pasadena Angels Form $1.3M Investment Fund

Ask the Angels

Pasadena, California (June 1, 2016) – The Pasadena Angels (PA) today announced the formation of their first investment fund at $1.3 million, PA Fund 1 (The Fund). The Fund will specialize in seed and early stage investments and will co-invest exclusively in deals that are subscribed by Pasadena Angels members. The Fund will give PA members the opportunity to invest as a group and increase their portfolio diversification.

Report: Crosscut Ventures Launching Fourth Venture Investment Fund

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Los Angeles-based venture capital investor Crosscut Ventures has reportedly started approaching limited partners (LPs) for investments in a new fund, its fourth. Crosscut's last fund, Crosscut Ventures 3, was worth $75M. The report, from the Pro Rata newsletter, said there's "a chance" that the new fund will be double in size of the last fund. Crosscut has not yet filed regulatory details on the new fund.

Mucker Capital Raises $45M Fund, Mucker III

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Los Angeles-based Mucker Capital said this week that it has closed on a new, $45M fund, Mucker III. The fund, run by Erik Rannala and William Hsu, did not detail the limited partners in the new fund. Mucker Capital started fundraising for that new fund in May of last year. William Hsu, in a blog post likened the new fund to the firm's "Series A", as the first two funds from Mucker were much smaller.

Silicon Beach Report April 20: L.A. Seed Funding Falls Sharply in First Quarter

L.A. Business Journal

seed funding falls sharply in first quarter, Brian Lee and Ron Burkle-backed medical apparel Startup Jaanuu raises $5 million from retail execs, and Nasty Gal founder Sophia Amoruso’s dramatic biopic releases Friday on Netflix

The Newest Source Of Startup Funding – The Sharing Economy

InfoChachkie

Tradesy, one of the fastest growing sharing economy companies, was initially funded by the sharing economy. Thus, Tracy not only funded her business to profitability by leveraging the sharing economy, she also met her life mate. A version of this article previously appeared on Forbes.

mobileStorm Gets Debt Funding

socalTECH

Los Angeles-based mobileStorm , the provider of mobile messaging and email marketing services headed by Jared Reitzin, has scored a venture debt funding, according to provider Agility Capital. Financial details of the funding and terms were not announced. mobilestorm venture capital debt funding agility mobile marketing

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Quarterly Gets Funding From Science

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Los Angeles-based subscription box service Quarterly , which develops unique gift boxes every three months from such influencers as Pharrell Williams, Bill Nye the Science Guy, and actress Rosario Dawson, has raised a round of funding and connected with Los Angeles-based Science Inc.

Unitas Global Gets Funding For Private Cloud Efforts

socalTECH

Los Angeles-based Unitas Global , a new, cloud services company founded by infrastructure veteran Grant Kirkwood, said today that it has raised a new funding round, from MK Capital and Azure Capital. Size of the funding round was not announced. The company said the new funding will help it grow its sales force and expand customer service capabilities. enterprise infrastructure capital venture funding cloud private global unitas

Codesmith Raised $1.1 Million Funding Round Lead by Test Prep CEO

Tech.Co

million funding round led by Chad Troutwine, the CEO of Veritas Prep. round of investment to bring their unique coding education focused on technical excellence, communication and community to new students in Los Angeles,” read the funding announcement. Coding bootcamps have proven to the cure for a workforce that isn’t qualified to handle the complicated technologies that rule the business world today.

The Challenges of Milestone Funding

Tech Zulu Event

knows, I am a huge, huge fan of milestone funding. Investors like milestone funding as it makes clear how much money you will need and what you’re going to do with it (which inspires confidence that they will see a return on their investment). Do you practice milestone funding?

Appetize Raises $20M In Funding, Ramps Hiring

socalTECH

Los Angeles-based point-of-sale technology developer Appetize said Tuesday that it has raised $20M in a new funding round, led by private equity investor Shamrock Capital Advisors. As part of the funding, the company said that Shamrock's Andy Howard and Alan Resnikoff have joined the company's board of directors, with Oak View's Leiweke joining as an observor.

TVC Capital Raises $115M Software Fund

socalTECH

San Diego-based TVC Capital , the software-focused, growth equity investment firm founded by Jeb Spencer and Steve Hamerslag has raised a big, $115M software fund, the company said Wednesday. The fund said that TVC Capital III was oversubscribed, and closed in only 90 days. TVC said that the investors included fund of funds managers and a university endowment. capital venture investment fund limited partner partners funds software growth private equity

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A Seriously Great Story and Why We Funded Them

Both Sides of the Table

We are often asked how companies get funded, why VCs make the decisions we make and what we’re looking for in entrepreneurs. At Upfront we’re totally fine funding entrepreneurs who have done multiple businesses in the past – in fact we like it.

Kobe Bryant Launches $100M Venture Capital Fund

L.A. Business Journal

Kobe Bryant has launched a $100 million venture capital fund