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GRP Targets $250M In New Fund, GRP IV

socalTECH

Los Angeles-based venture capital firm GRP Partners is looking to raised $250M in its newest fund, GRP IV L.P., According to the filing, the fund is being managed by Steven Dietz, Brian McLoughlin, Yves Sisteron, and Mark Suster, and has just started fundraising efforts. GRP last closed on a fund--GRP III, L.P.

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textPlus Lands $18M, Buys Jarvus

socalTECH

textPlus , the maker of the popular texting application by the same name, said today that it has raised $18M in a new funding round, led by The Raine Group. Prior investors Kleiner Perkins Caufield Byers, Matrix Partners and GRP Partners also participated in the funding.

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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

Last year I was on Sand Hill Road in Silicon Valley meeting with one of the most prominent venture capital firms in the country. Los Angeles. Funding is different outside of Silicon Valley. So it would be unwise to say that funding outside of Silicon Valley will be easier. As a result many funds are OK with big bets.

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Interview with Matthew Graczyk, Zubican

socalTECH

Matthew Graczyk is founder of angel-backed Zubican (www.zubican.com)--saw a problem, which was the difficulty of finding suppliers for products for businesses--and decided to solve the problem, with a site specifically targeted at helping B2B buyers and sellers connect. How are you funded and backed? COM, and Vivendi Universal.

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