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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. READ MORE>>.

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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 percent at 13.95

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BetterWorks Shutting Down On May 31st

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According to an email from Craig, the company decided to close down the BettterWorks perk platform, and will not longer be active after next Thursday. BetterWorks had raised $10M in funding from Redpoint Ventures. BetterWorks--and Paige Craig--have been one of the companies driving the growth in Santa Monica's Silicon Beach.

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Pepperdine University, 2U In Online MBA Agrrement

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2U is based in Lanham, Maryland, but has longtime ties to Los Angeles; the company's first online education program was USC's Rossier School of Education, and one of the company's first investors before its IPO was Redpoint Ventures, which at the time was an active Los Angeles venture investor. READ MORE>>.

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Southern California Startups Raise $761.12M in Q2 2014

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The most active venture and angel investment groups investing in the region were the Tech Coast Angels , with 8 investments; the Pasadena Angels (5 investments); followed by Kleiner Perkins Caufield & Byers (4 investments); Avalon Ventures (4 investments); Upfront Ventures (4 investments).

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Universal In Licensing Deal With Hark

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Hark is based in Seattle but also is active in Los Angeles in business development; ElNaggar might be familiar to Los Angeles entrepreneurs for his short stint sourcing venture deals for Redpoint Ventures in Los Angeles. The titles include Animal House, The Blues Brothers, and The Breakfast Club as well as Bridesmaids and Fast Five.

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Q1 Southern California Venture Deals Rise To Around $1.4B

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billion in venture activity here in Q1, up significantly from around $997M tallied in Q4. Interestingly, only Redpoint, Domain, Anthem, and DFJ Frontier have local offices in Southern California. A quick analysis of venture capital deals in Q1, tracked by socalTECH, finds that there was around $1.4 in a March deal.