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Steamboat Ventures Backs Elemental Technologies

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Los Angeles-based Steamboat Ventures , the venture capital arm of the Walt Disney Company, has backed a firm developing massively parallel video processing technology, Elemental Technologies. According to Elemental, which is based in Portland, Steamboat was a new investor in its $7.5M, Series B funding round.

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Steamboat Boosts Chinese Advertising Firm

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Burbank-based Steamboat Ventures , the venture capital firm backed by Walt Disney Co., According to Beijing-based Yoyi Media , it received a Series A investment on undisclosed size from Steamboat Ventures and Gobi Partners. Steamboat has offices in Shanghai and Hong Kong in addition to Los Angeles.

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Steamboat Invests in Chinese Web Analytics Firm

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Los Angeles-based Steamboat Ventures , the venture capital arm of The Walt Disney Company, has invested in a Chinese startup which provides web, video, and search analytics, Gridsum Technology. According to Gridsum, Steamboat led its Series A. Size of the funding round was not disclosed. READ MORE>>.

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GameSalad Improves Support Tools

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Los Angeles-based and Austin-based GameSalad , which develops software to easily create iPhone and other iOS platform games, announced earlier this week that it has improved its overall communications and support tools for its users. GameSalad also has improved its contact forms and customer support and bug handling. READ MORE>>.

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Passenger Gains $7.5M More

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Los Angeles-based Passenger , a developer of private social networking sites for brands, said today that it has raised an additional $7.5M The round came from Shelter Capital Partners, StarVest Partners, and Steamboat Ventures, all existing investors in the firm. in an investment. READ MORE>>.

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This Week in Venture Capital – Episode 4

Both Sides of the Table

Blippy (and their competitor Swipely – which was founded by Angus Davis , who has a great track record from both Netscape and TellMe, both aim to capitalize on the era of consumers living more openly ala Twitter, Foursquare and Gowalla. 11.2mm in Series A, rumored pre-money of $35mm; $1.6mm angel raised in Jan 2010. OpenCandy.

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GameSalad Raises $6M More

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Los Angeles- and Austin-based GameSalad , the iPhone creation software firm, has raised $6M in another round of funding, the firm is announcing today. The round was led by Steamboat Ventures, and also included Greycroft Partners, DFJ Mercury, DFJ Frontier, and ff Asset Management.